Walmart CEO: prepare for “serious” inflation

Bob Morris, on Mar 31, 2011, 12:15 pm

“We’re seeing cost increases starting to come through at a pretty rapid rate,” he said.

DJ noted here recently that the price of animal feed had increased 20% so far this year.

http://www.asymptoticlife.com DJ
Actually that was 38% in the first two months of the year, and annualized rate of 228%.
And wages are stagnant…