The Shotgun Blog
Sunday, November 14, 2010
Walmart: Inflation is Up
Easy and loose:
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 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.
Nothing to worry about. A little inflation is good for the economy. Pay no attention to the man behind the curtain.
Posted by Richard Anderson on November 14, 2010 | Permalink
inaugural 2 month survey? I can't believe the research company put out this report and this site wrote a story about it. How many items go on and off sale each month? I'm not saying there isn't inflation but this is such bogus research. if you want something more meaningful you'd need a 3-month rolling average compared year over year.
Posted by: Political Atheist | 2010-11-17 10:08:44 PM
You have the wild animal stampede so called BLACK FRIDAY!!! How about A gray day for the old folk over 70 who are afried of getting trampeled in the stampede, and after they get there little penence from Social Security and pension that some of us worked for over 50 years for.
Most of us don't even have any money left at the end of the month.
Posted by: Harold Briggs | 2010-11-27 11:57:19 AM
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