When Will The People Of Walmart Wake Up To Inflation?

April 4, 2011 by Bob Livingston


Serious price inflation will come this summer.

Although I have warned readers for some time that hyperinflation is coming, this is not me saying it, but Walmart CEO Bill Simon. Last week he told USA Today that inflation is “going to be serious” in the coming months.

“We’re seeing cost increases starting to come through at a pretty rapid rate,” he said.

Of course, back in October 2010, Federal Reserve Chairman Ben Bernanke promised that inflation was his goal. “For the first time in many decades, [the Fed] had to take seriously the possibility that inflation can be too low as well as too high,” he said.

“Every single retailer has and is paying more for the items they sell, and retailers will be passing some of these costs along,” John Long, retail strategist at Kurt Salmon told USA Today. Along with steep increases in raw material costs, labor costs in China and fuel costs for transportation are weighing heavily on retailers, he said.

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