Secret Walmart survey shows inflation already here!
NEW YORK - November 15, 2010 - There might not have been a second round of quantitative easing, if Federal Reserve Chairman Ben Bernanke shopped at Walmart.
A new pricing survey of products sold at the world’s largest retailer showed a 0.6% price increase in just the last two months, according to MKM Partners. At that rate, prices would be close to 4% higher a year from now, double the Fed’s mandate.