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It appears someone forgot to inform Wal-Mart executives about the current scare about deflation. A JP Morgan report claims that Wal-Mart has hiked prices almost 6% over the past 6 weeks. Prices of select products have increased 50-60%. It appears Wal-Mart fans will have to dust off the manuals on comparison shopping.
See: “Wal-Mart Quietly Raises Prices”
