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Wal-Mart CEO Says "Serious" Inflation Inevitable

That $2.50 small cup of coffee is just the beginning. As commodities and shipping costs rise, Americans had better gird their financial loins for higher prices. Wal-Mart U.S. CEO Bill Simon said costs increases are "starting to come through at a pretty rapid rate" at the big-box store. But he said the company is working with suppliers to minimize consumer price hikes at its stores.

Read the whole story at USA Today »

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