We break down complex business news to help you understand how money moves in Chicago and how it affects you.

Aldi is renewing what has become an annual summer tradition: cutting prices on hundreds of seasonal products.

The Germany-based discount grocery chain said it will be reducing prices on nearly 25% of its products — more than 400 items, including meat and produce — at its more than 2,400 stores.

Prices will be reduced as much as 33% on the 400+ products over the summer, Aldi Chief Commercial Officer Scott Patton said. Nearly one in four households shop at Aldi stores, he said, citing Circana data.

Aldi’s move comes as about two-thirds of Americans (67%) said they remained very concerned about food and consumer goods prices, according to a Pew Research Center survey of 3,589 adul

See Full Page