Monday, November 15, 2010

CNBC's Fast Money: Secret Walmart Survey Shows Inflation Already Here - CNBC

CNBC's Fast Money: Secret Walmart Survey Shows Inflation Already Here - CNBC: "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 [WMT 54.25 0.12 (+0.22%) ] 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.

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