Amazon's new budget grocery brand offers most items for less than $5

Amazon has launched a new budget grocery brand called "Amazon Basics" that offers most items for less than $5. This move is seen as an effort by Amazon to compete more aggressively with Walmart and other traditional grocery stores. The new brand features a wide range of everyday household and grocery items, including canned goods, snacks, and household cleaners. The low prices are aimed at attracting cost-conscious consumers who are looking for affordable options. Amazon's decision to enter the budget grocery market is part of its broader strategy to expand its presence in the grocery industry. The company has been investing heavily in its grocery business, including the acquisition of Whole Foods in 2017 and the launch of its Amazon Fresh delivery service. The introduction of the Amazon Basics brand is likely to put pressure on other grocery retailers to match or undercut its prices, potentially leading to a price war in the industry. This could ultimately benefit consumers, who may have more options for affordable groceries.