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Supervalu-owned Jewel-Osco plans a “Big Relief Price Cut” promotion that will cut prices by up to 20 percent on thousands of everyday items, according to a story in the Chicago Sun Times.

"Consumers have become increasingly budget conscious, and their spending and savings habits have shifted dramatically due to concerns about the economy," the grocer said in a press release announcing the promotion.

KC's View:
It was just a few months ago that some commentators were saying that consumer prices would not come down, that high manufacturer and commodity costs would prevent such a thing from happening. But it always seemed to us here at MNB that the pressure of the recession would force prices down, one way or the other.