Inflation is comingSubmitted by TylerLiberty on Thu, 05/26/2011 - 18:54
I was at the grocery store last night and I overheard a man sweeping the floor say "McDonald's is going up". I asked him what he meant by that and he said they're raising their prices this week. Inflation came up in conversation between him and the cashier because the cashier was changing the prices on gum at the register. She said all the packs of gum went up 10 cents, except Trident went down 4 cents.
I couldn't help but think of the interview the CEO of Walmart gave in late March predicting coming inflation for consumers. In the same article, a retail strategist said in June retailers across the country are going to start raising their prices.