Economists In Denial-Secret Walmart Survey Shows Inflation Already Here - CNBC
Economy • November 2010 • Views: 1,441
Oil, wheat, cotton, precious metals, copper, all up for the year. Yet because all of that had not YET hit retail supporters of current monetary policy have managed to deny deny deny inflation.
Hello Inflation, we missed you so much…
A new pricing survey of products sold at the world’s largest retailer [WMT 54.13 -0.21 (-0.39%) ] 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.