March 11 (Reuters) - Target said on Wednesday that it was lowering prices on over 3,000 products across its apparel, home goods and other daily items, joining the likes of Pepsi, as U.S. consumers struggle to afford daily essentials amid rising costs.

Target's ( TGT ) price reductions, most of which are 5% to 20% lower than the original price, will start in March, the company said.

(Reporting by Anuja Bharat Mistry in Bengaluru; Editing by Shinjini Ganguli)