The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Smiling Bob	8/10/2010 9:44:11 AM
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More evidence of Joe Back Pack getting hit the hardest as inflation appears on staples I guess they couldn't fit any more air into the new concentrated packages Deflation will be predominantly seen in discretionary crap. ------ Wal-Mart prices on the rise: JP Morgan study reuters * Share * retweet * Email * Print On Tuesday August 10, 2010, 6:48 am EDT BANGALORE (Reuters) - 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. The world's largest retailer is still the cheapest bet among supermarkets, but traditional rivals like Kroger Co and Safeway Inc are gaining ground -- in July Wal-Mart had a 10.4 percent lead relative to a 16 percent lead in June, JP Morgan said. Rising costs of raw materials and oil are pressuring companies across the board. Companies are passing on some of the input costs to consumers by rising prices as they try and guard margins. Safeway also raised prices by a modest 1.1 percent. Competitor Kroger, on the other hand, has cut prices 1.3 percent from June to July, as it tries to remain competitive.

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