Walmart and Target are reducing prices on thousands of items, offering some relief to consumers despite ongoing inflation. Walmart reported a 3.8% increase in first-quarter sales and announced price cuts on nearly 7,000 items, highlighting deflationary trends in general merchandise. Target also slashed prices on over 1,500 items, responding to the strain higher prices have placed on its middle-class customers, although it reported its fourth consecutive quarter of sales declines.