Monday, April 4, 2011

Walmart Warns of Very Serious Inflation on Food, Clothing Soon

Walmart is warning of serious inflation coming soon in the U.S. The low U.S. dollar, and the corresponding high price of oil and commodities was bound to take a toll and cause serious issues.

Bill Simon, Walmart, CEO, said that  that U.S. consumers "face serious inflation in the months ahead" for clothing, food and other products,

He added that Walmart will need to get "back to its roots as the lowest priced one-stop shop for consumers".

According to the USA today, he said: "We're seeing cost increases starting to come through at a pretty rapid rate."

"We're in a position to use scale to hold prices lower longer ... even in an inflationary environment,"  "We will have the lowest prices in the market."

Please note that we track inflation since the the 1920s here.

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