Wall Street may be cheering on the recent downtick in the rate of inflation by way of the Consumer Price Index (CPI), but Walmart (WMT) isn’t ready to declare an end to sky-high prices just yet.
“I can’t call that,” Walmart CFO John David Rainey said on Yahoo Finance Live (video above) when asked if inflation had peaked. “Food inflation, in particular, has been pretty persistent. We see it in mid-teens growth [in grocery sales]. In general merchandise, we have seen more progress, but I can’t…
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