Aldi cuts U.S. grocery prices for fall season amid inflation, competition pressure

Sept 23 (Reuters) - Private discount grocer Aldi said on Wednesday it would lower prices on a range of grocery items in the U.S. this fall, a move the company estimates will save shoppers about $86 million as consumers continue to grapple with inflation.

Here are some details:

• The announcement comes as U.S. grocery retailers compete aggressively for value-seeking shoppers who remain selective about spending as they struggle with higher gas prices and economic uncertainty.

• Larger peers including Kroger KR.N and Walmart WMT.O are keeping their prices low to win over cost-conscious shoppers.

• The fall price reductions will be effective from September 23 until at least November 3 at all Aldi stores in the U.S.

• Newly reduced items include Autumncrisp grapes, Bartlett pears, Brussels sprouts and a wide range of apples and potatoes.