Wal-Mart prices on the rise: JP Morgan study

While the talking heads discuss the threat of deflation ad nauseam, they conveniently ignore an ever increasing number of real world observations of currency induced cost push inflation.

Wal-Mart Stores Inc has raised average prices at its stores by about 6 percent in a month, according to a recent study in Virginia.

A check by J.P. Morgan Securities said average prices at the Wal-Mart Supercenter in Virginia were upped by 5.8 percent, the most significant sequential increase since it started the study in January 2009.

Source: finance.yahoo.com