Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four decades pinches their pocketbooks.
Mandatory Credit:	Bing Guan/Bloomberg/Getty Images

Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four decades pinches their pocketbooks.
Mandatory Credit: Bing Guan/Bloomberg/Getty Images

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A sign inflation is easing: Walmart is slashing prices on clothing and other products

Many shoppers have pulled back on buying clothing and other discretionary items as the highest inflation in four decades pinches their pocketbooks.