CNBC: Secret Walmart Survey Shows Inflation Already Here

11/11/2010 - 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 53.95 -0.18 (-0.33%)] 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. Read more at CNBC...
(Hat tip: Glenn Beck 11/15)