via MSN:
Although inflation has been trending lower in the U.S. in recent months, the world’s biggest retailer has warned that it might still have to raise prices to deal with higher costs. The warning was issued by Walmart CFO John David Rainey during an investor’s meeting this week, Reuters reported.
“We’re assuming that this year is going to be somewhat anomalous… Still feeling the effects of higher prices,” Rainey said.
What that means for Walmart shoppers is hard to gauge right now. Rainey didn’t offer details on what items might be marked up in the coming months, other than saying that inflation continues to impact Walmart’s operations, according to Fox Business. Shoppers have added more lower-margin groceries to their carts over higher-margin apparel and home goods, Rainey said.