The head of the world’s largest retailer just used the D word on an earnings call: deflation.
“In the US, we may be managing through a period of deflation in the months to come,” Walmart Inc. Chief Executive Officer Doug McMillon told analysts on an earnings call Thursday.
Granted, prices of Walmart’s US groceries and general merchandise are higher than a year ago, and sharply up on a two-year basis. But McMillon said the increases are slowing and could even begin to reverse.
Source: BNN Bloomberg
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