11/15/2010

Walmart prices up at 3.6 percent annual rate

It isn't too surprising that different surveys of prices give different estimates, but this one indicates that prices might be going up a little faster than the Fed thinks.

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. . .

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