>>>>>>>>>>>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 ?
>>>>>>>
>>>>>>>About $3.80/gallon
>>>>>>
>>>>>>Jeez, that is only about 70 euro cents / liter. When converted to dollar, we pay 6.40usd / gallon.
>>>>>>I can only wish we had these prices around here.
>>>>>
>>>>>
>>>>>Yeah, it was a completely different picture when the dollar was strong...
>>>>
>>>>It must have been even cheaper for you. I wander what is difference in math that makes our pump oil prices so far up
>>>>in comparison with yours. We should go on strike around here :)
>>>
>>>Or consider yourself lucky - over $10/gallon in the UK
>>
>>Holly cow! How come ?
>
>60% of the cost is made up of fuel duty and VAT. Don't know how the comparison would look without the effect of duties in different countries .....
>>That is indeed much worse.
Huh!.. We pay 2,5USD/lt. Our gas world most espensive gas and we near Iraq and close Saudi Arabia...
