Here’s some good news among all the inflation stories…

Target said yesterday (June 7th) that it will be cutting prices to clear out excess inventory. All the spending on products that Americans did during the pandemic is slowing faster than had been anticipated by retailers, who now have a lot of inventory on hand.

AP reported, “Sales of big TVs and small kitchen appliances that Americans loaded up on during the pandemic have faded, leaving Target with a bloated inventory that it said must be marked down to sell.” Target said it’s now planning for higher sales in areas like groceries, household essentials, and beauty products.