Walmart's new pricing survey shows inflation is close to 4%

Walmart has developed a pricing survey which has become a defacto inflation indicator.  It is showing what we have been saying for a long time, that inflation is the real bully that the Fed and the world should be worrying about.  Inflation in the UK, is dangerously close to 4%, and odds are it will be reaching that point at some time in the not to distant future.  Via CNBC:

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.


Popular posts from this blog

October retail sales come in strong, especially auto sales

Tea Party Buffalo Pictures

How to spot a fake Tea Partier