Wal-Mart’s “Always Low” prices starting to edge up.

Patrick McKeever of MKM Partners says prices at Wal-Mart have edged higher in recent months:

In a note last week, retail analyst Patrick McKeever of MKM Partners, identified what he calls a “small, but meaningful increase” in the price of 86 Wal-Mart items he tracks on a regulator basis. The average price is up 0.6 percent in the last two months. On an annual rate, that’s about a four percent inflation rate.

Photographic evidence here.

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