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Secret Walmart Survey Shows Inflation Already Here (Palin was right!)
CNBC ^ | Saturday November 13, 2010

Posted on 11/13/2010 5:29:49 PM PST by Bigtigermike

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 54.13  -0.21 (-0.39%) ] 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.

On November 3, the Fed announced its much-anticipated purchase of $600 billion in Treasury securities. An effort to keep market rates low since the central bank’s benchmark rate is already at zero. The Federal Open Market Committee’s statement said, “Currently, the unemployment rate is elevated, and measures of underlying inflation are somewhat low, relative to levels that the Committee judges to be consistent, over the longer run, with its dual mandate.”

(Excerpt) Read more at m.cnbc.com ...


TOPICS: Culture/Society; News/Current Events; Politics/Elections
KEYWORDS: inflation; palin; qe2; walmart
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many average everyday americans already knew the the price of food was going up, it doesn't need the Feds to tells us that.
1 posted on 11/13/2010 5:29:56 PM PST by Bigtigermike
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To: Bigtigermike
many average everyday americans

Many of them would also capitalize the first word in a
sentence and even more would capitalize "Americans"...

Just sayin'...

2 posted on 11/13/2010 5:35:45 PM PST by humblegunner (Pablo is very wily)
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To: humblegunner

actually many have keyboard problems where the cap and shift button is stuck at times but alas people like you don’t have any problems and nitpick all the time. just saying


3 posted on 11/13/2010 5:39:59 PM PST by Bigtigermike
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To: Bigtigermike
Oh, it's the keyboard that prevents you from capitalizing?

Interesting.

Usually it's laziness and apathy. But you have a keyboard problem.

Gotcha.

4 posted on 11/13/2010 5:43:20 PM PST by humblegunner (Pablo is very wily)
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To: humblegunner

Gas is up to $3.75/gal in the midwest.

Gas goes up, cost of food goes up.

The rises seen so far are the first fluff of snow.

There is an avalanche coming behind it.


5 posted on 11/13/2010 5:43:27 PM PST by UCANSEE2 (Lame and ill-informed post)
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To: humblegunner

At least he didn’t use “american’s” and “fed’s” like most people do these days.


6 posted on 11/13/2010 5:47:09 PM PST by RightFighter (So this is how liberty dies - with thunderous applause!)
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To: Bigtigermike
Fortunately I have been able to buy food in large quantities when it is on sale so I have not been hit too badly with the price increases...though I have noticed them when I run out of an item. Definitely have to watch price points.

I am very thankful that I built our hobby farm several years back so that I can grow a good amount of our food.

I hope that inflation doesn't hit this country to hard...but it doesn't look good.

7 posted on 11/13/2010 6:00:17 PM PST by WorldviewDad (following God instead of culture)
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To: humblegunner

Stop being an ass


8 posted on 11/13/2010 6:02:33 PM PST by reefdiver ("Let His day's be few And another takes His office")
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To: Bigtigermike
many average everyday americans already knew the the price of food was going up, it doesn't need the Feds to tells us that.

But, apparently it wasn't "real" till Palin said it.

9 posted on 11/13/2010 6:04:38 PM PST by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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To: Bigtigermike

I do some shopping at Walmart I wish they would have paid me

The large can of Coffee went up $1, my yogurt up 8 cents a carton, bread up 25 cents.. ..That was just the few things I was picking up.. I was afraid to look further


10 posted on 11/13/2010 6:06:24 PM PST by RnMomof7 (Gal 4:16 asks "Am I therefore become your enemy, because I tell you the truth?")
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To: Bigtigermike
It was just acouple of years ago that we were all Americans. We have been reduced to americans.
11 posted on 11/13/2010 6:08:32 PM PST by oyez (The difference in genius and stupidity is that genius has limits.)
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To: reefdiver; humblegunner
Stop being an ass

Nice punctuation. But you might want to look into periods. They end sentences.
12 posted on 11/13/2010 6:12:01 PM PST by aNYCguy
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To: humblegunner; Bigtigermike

I once had a problem with my keyboard when the letters “G” and “H” would simply not work.

I ad suc troubles tryin to explain ow te problem was very frustratin and after a few days I ad to o out and purase a new computer.


13 posted on 11/13/2010 6:12:01 PM PST by Radix ("..Democrats are holding a meeting today to decide whether to overturn the results of the election.")
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To: Bigtigermike

exactly. i have noticed it for awhile now.


14 posted on 11/13/2010 6:12:01 PM PST by GOP Poet (Obama is an OLYMPIC failure.)
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To: aNYCguy

Another clown looking for attention


15 posted on 11/13/2010 6:17:25 PM PST by reefdiver ("Let His day's be few And another takes His office")
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To: Bigtigermike

Secret Survey? I could have told them prices at Walmart were going up....ummmm, maybe a year back or longer? I shop there, either weekly or once every 2 weeks......I noticed in the beginning prices were “easing upwards”...a penny, nickle or dime.....now it seems, they don’t even try to “mask” the increases. One week the price is $1....go back next week and the same item is $2....and it has shrunk in size. A lot of items have gone up quite a bit in a real short period of time. Especially grocery prices. Nothing new to me...............

I really pay attention to the sale papers......especially grocery prices. I think we are in for some tough times ahead.........


16 posted on 11/13/2010 6:19:13 PM PST by bohica1
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To: Bigtigermike

Another point of proof that the media is just as out of touch as Washington (or like to play the “unexpected” game a little too much).

Why did they need to do an undercover survey to figure out what is common sense to everyone? How frustrating. And, it’s not like it hasn’t been going up for a while already, either. This is not a ‘recent development’, although it is quickening.


17 posted on 11/13/2010 6:19:37 PM PST by LibertyRocks
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To: Bigtigermike

But many of us stocked the freezer with inexpensive meat months ago, along with stocking a substantial dry pantry. We have enough to live on for a long, long time and so do many others. In the short term that is bad news because it means we won’t be buying much beyond fresh veggies and some dairy.

We harvest a kilo of fresh eggs every 3 days or so out of our micro-flock of 6 chickens, and my compost pile is full of leaves and cooking nicely, which will yield a bunch of fresh veggies next growing season.


18 posted on 11/13/2010 6:28:15 PM PST by Bean Counter (Stout Hearts!!)
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To: Bigtigermike

The local ABC Pravda propaganda machine said that sales are up 3% which is great for Christmas. And that means the economy is recovering. One interviewee business owner even said this is going to be their best year ever! Oh praise to the Obama!


19 posted on 11/13/2010 6:36:44 PM PST by Clock King (Ellisworth Toohey was right: My head's gonna explode.)
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To: Bigtigermike

Ignore him, he’s just an old curmudgeon who doesn’t have anything better to do and wants the focus on himself.


20 posted on 11/13/2010 6:38:15 PM PST by tiki
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