WAL Mart CEO: Inflation "serious" http://in.ibtimes.com/articles/130190/20110404/walmart-wmt-ceo-inflation-is-going-to-be-serious.htm

• inflation is "going to be serious," Wal-Mart U.S. CEO Bill Simon said. "We're seeing cost increases starting to come through at a pretty rapid rate."
• Along with steep increases in raw material costs, John Long, a retail strategist at Kurt Salmon, sayslabor costs in China and fuel costs for transportation are weighing heavily on retailers. He predicts prices will start increasing at all retailers in June.