Inflation is "going to be serious," Wal-Mart's (WMT) U.S. operations chief says. "We're seeing...

|By:, SA News Editor

Inflation is "going to be serious," Wal-Mart's (WMT) U.S. operations chief says. "We're seeing cost increases starting to come through at a pretty rapid rate." Conveniently, though, he says Wal-Mart's scale will let it hold prices lower longer - and he recently noted high gas prices would help it as a one-stop destination. (previously)