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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Authors
Leah JordanKate McShane
Securities
WMTKRACIDGSFMCOST
Themes
Consumer Trading DownStagflationary RisksRetail Pricing Power
Regions
North AmericaUnited States
