Barbie dolls (R) are displayed for sale ahead of Black Friday at a Walmart Supercenter on November 14, 2023 in Burbank, California.
Shoppers may get an early present this holiday season: falling prices in many gift-giving categories.
On Thursday, Walmart CEO Doug McMillon said deflation could be coming as general merchandise and key grocery items, such as eggs, chicken and seafood get cheaper.
Across most categories, Americans are still spending more on the same items, according to the latest CPI numbers.
Walmart's McMillon said some stubborn food prices continue to be a concern.
Persons:
Barbie, Doug McMillon, it's, Richard McPhail, John David Rainey, Rainey, Walmart's McMillon
Organizations:
Walmart, Shoppers, Labor Department, CPI, Home, American Farm Bureau Federation, Wall, CNBC
Locations:
Burbank , California, U.S