Inflation Has Started According to a Walmart Survey

Have you noticed prices are up everywhere? Gas prices have gone up over 30 cents in the last week alone. The little smiling guy at Walmart that bounces around lowering prices around the store is about to get laid off as well. The Federal Reserve has flooded the economy with worthless currency, and the signs of inflation are here.

A new pricing survey of products sold at the world’s largest retailer (Walmart) 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.