Low-cost grocery store chain Aldi said it will reduce prices on more than 400 products this summer including baby back ribs and ground beef.

Aldi is slashing prices on over 400 products while Target introduces thousands of low-cost items as retailers try to attract shoppers who are pulling back.

Aldi announced their summer price cuts are back. 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,