Americas Retail Supermarkets May Grocery Pricing Survey

Goldman Sachs' May grocery survey shows a sequential uptick in prices across major retailers, with Walmart maintaining its position as the lowest-price leader at -15.3% versus the peer average.

Key Takeaways

• 1.Walmart (WMT) maintained the lowest prices in the survey, tracking at -15.3% versus the group average.
• 2.Average grocery basket prices increased month-over-month in May 2026, driven by increases in produce, frozen, and dry grocery.
• 3.Consumer purchase intent is more strongly correlated with value perception than price alone, according to HundredX data.

Table of Contents

• Takeaways from our grocery pricing survey
• WMT continued to have the lowest prices
• Prices increased sequentially
• Mixed trends across price gaps
• HundredX insights on price and value across grocery
• Appendix
• Disclosure Appendix
• GS Factor Profile
• M&A Rank
• Quantum
• Disclosures
• Regulatory disclosures
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial