A new pricing survey of products sold at the world’s largest retailer showed a 0.6 percent price increase in just the last two months, according to MKM Partners. At that rate, prices would be close to four percent higher a year from now, double the Fed’s mandate.
The “inaugural price survey shows a small, but meaningful increase on an 86-item grocery basket,” said Patrick McKeever, MKM Partners analyst, in a note. Most of the items McKeever chose to track were every day items like food and detergent and made by national brands.
Friday, November 12, 2010
Walmart Survey Shows Inflation Already Here
CNBC reports on a secret Walmart survey that shows inflation is already here:
Labels:
Economics and Economy,
inflation,
money supply
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