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Inflation on the way..
Message
From
01/04/2011 21:02:12
 
 
To
01/04/2011 19:04:44
General information
Forum:
Finances
Category:
Other
Miscellaneous
Thread ID:
01505786
Message ID:
01505854
Views:
34
>>>>>>Wal-Mart CEO Bill Simon expects inflation:
>>>>>>http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm
>>>>>>
>>>>>>Snippet:
>>>>>>
>>>>>>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.
>>>>>>
>>>>>>"Every single retailer has and is paying more for the items they sell, and retailers will be passing some of these costs along," Long says. "Except for fuel costs, U.S. consumers haven't seen much in the way of inflation for almost a decade, so a broad-based increase in prices will be unprecedented in recent memory."

>>>>>
>>>>>
>>>>>We are seeing real inflation here and I feel its not accurately getting through in the stats. I know my weekly shopping bill seems to climb every week. Basic staple items are going up a lot.
>>>>
>>>>I've noticed the same so I'm not sure where the stories of not seeing it in the states yet come from...
>>>
>>>The same here. We have seen increase in fuel cost of about 15% last 3-4 months. (now about 1.20e / liter)
>>>It reflects naturally to all other prices. Our of curiosity; how much do you pay for fuel there ?
>>
>>Here, in Canada, I pay $1.06 for a liter of regular gas. (Which I am not supposed to put in my car)
>
>In Toronto today, around $1.256 I think. I fill up in Waterloo when I get to work in the morning. It's 2 cents cheaper there. According to 'tomorrows prices today', the price in Toronto is expected to jump over 4 cents over night, so that should take us up to around $1.30.

Go west, young man.
I ain't skeert of nuttin eh?
Yikes! What was that?
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