Target is now cheaper than Walmart.

According to study conducted by Bloomberg, Target's prices were cheaper than Walmart's by 0.46 percentage points in August, meaning that $100 worth of goods at Walmart cost $0.46 less at Target.

The study is based on a monthly comparison between the prices of 150 similar items for sale at Walmart and Target locations no more than five miles apart. Bloomberg started comparing the stores' prices two years ago.

Last month, Walmart won the price war by a 2.01-percentage point margin, meaning that for every $100 spent at Target, Walmart was $2.01 cheaper, Bloomberg reports. The last time Target had lower prices than Walmart was in October.

Walmart typically beats out Target in prices because of its less expensive grocery items. But this month, Walmart's food prices were lower than Target's by a much smaller margin, according to Bloomberg.

Competitive food prices are crucial in the wake of the recent drought, which the U.S. Department of Agriculture has said will push up grocery prices 3 to 4 percent by 2013.

Prices may also play a bigger role in determining where Americans shop as people continue to deal with the financial consequences of the recession. A Gallup poll recently reported that nearly one in five American households had trouble paying for food this year, not much different from the share of Americans reporting difficulty affording groceries last year.

Both Walmart and Target have to fend off competition against Internet giants like But despite Amazon's recent efforts to outpace the world's largest retailer, Walmart still maintains cheaper prices than Amazon. A recent study conducted by consulting company Kantar found Walmart's prices, including both in-store and online merchandise, are on average 20 percent cheaper than Amazon's.

Also on HuffPost:

Loading Slideshow...
  • Walmart Calls Police On School Chorus

    A Walmart in Florida complained to police of a <a href="" target="_hplink">"flash mob situation" after a school choir sang "God Bless America"</a> in memorial of the Septemeber 11th, 2001 attacks, the <em>Sun-Sentinel</em> reports.

  • Couple Arrested For Sexual Activity In Walmart

    Julian R. Call, 22, and Tina F. Gianakon, 35, were arrested for <a href="" target="_hplink">engaging in sexual activity</a> in front of fellow shoppers at a Kansas Walmart after stealing K-Y Jelly.

  • Pension Fund Boycotted Walmart For Poor Labor Practices

    Netherlands' biggest pension fund -- it holds over $300 billion in assets -- <a href="" target="_hplink">pulled its investments from Walmart for not abiding</a> with the United Nations' Global Compact principles, which relate to human rights, labor standards, the environment and anti-corruption efforts.

  • Walmart Involved In Mexico Bribery Campaign

    When Walmart senior executives found out that Walmart de Mexico <a href="" target="_hplink">had allegedly been involved in a bribery campaign </a>to open new stores, they then allegedly covered it up.

  • Walmart Threatened To Fire Mormon Worker For Observing Sabbath

    A Mormon assistant manager at Walmart, who had been <a href="" target="_hplink">observing the Sabbath as an employee</a> for more than ten years, faced disciplinary action after a change in their scheduling rules no longer accommodated his observance.

  • Man Died After Brawl With Walmart Security

    Jose Marcos Picazo <a href="" target="_hplink">suspiciously died after Walmart security </a>guards in California arrested him for alleged shoplifting.

  • Walmart Lobbied To Change Anti-Bribery Laws

    Walmart was involved in <a href="" target="_hplink">a lobbying campaign to weaken</a> the Foreign Corrupt Practices Act, which was meant to reduce liability for bribing foreign officials.

  • Walmart Involved In Many Sex Discrimination Suits

    Walmart has been involved in a number of ongoing lawsuits for discrimination against<a href="" target="_hplink"> female employees. Some of the allegations </a>have included derogatory language at the workplace, unfair promotion practices and pay discrimination.

  • Walmart Customer Injured Others To Win Black Friday Deals

    A woman wanted <a href="" target="_hplink">cheap Black Friday deals on Walmart </a>electronics so badly that she used pepper spray on a crowd at a Los Angeles Walmart. Twenty people were injured.

  • Walmart Contractor Sued For Labor Law Violations

    Warehouse workers in California sued a contractor that works with Walmart for labor law violations, including poor labor conditions, shortchanging pay and threatening <a href="" target="_hplink"> to fire them for complaining about anything.</a>

  • Walmart Exposed For Political Lobbying To Weaken Labor, Whistleblower And Environmental Laws

    New York City public advocate Bill de Blasio recently launched to expose Walmart secret <a href="" target="_hplink">political spending</a>, meant to influence the political process in a number of ways, including reducing protection for workers, whistleblowers and the environment.

  • Walmart Employee Shot Supervisor, Killed Himself

    A Walmart employee at a distribution center in Virginia shot and <a href="" target="_hplink">wounded his female supervisor</a> right before he killed himself.