Wal-Mart CEO Bill Simon expects ( serious )inflation

http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm

Yep not looking good with Gas prices raising even in this horrible economy...

 

Wal-Mart CEO Bill Simon expects serious  inflation 

Along with steep increases in raw material costs, John Long, a retail strategist at Kurt Salmon, says labor costs in China and fuel costs for transportation are weighing heavily on retailers. He predicts prices will start increasing at all retailers in June.