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Goldman Sachs

May 27, 2026

Goldman Sachs Grocery Pricing Survey Analysis

Sector ReportEquitiesMacro Economic IndicatorsConsumer Staples

Goldman Sachs' May 2024 grocery survey finds Walmart offers the lowest prices at 15.3% below average, while Whole Foods is the most expensive.

Key Takeaways

  • 1.Walmart maintains its position as the lowest-cost grocery provider, offering a basket 15.3% below the survey average.
  • 2.Inflation is accelerating at its fastest pace in three years, leading consumers to trade down to value-focused chains.
  • 3.Whole Foods remains the most expensive retailer surveyed, with prices 13.4% above the group average.

Table of Contents

  • Exhibit 1: Grocery Pricing Survey Analysis
  • Exhibit 2: Price Variance vs. Segment Average

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