Walmart Predicting "Serious" Inflation for Clothing, Food, and Products in Months to Come

It should be no surprise with the devaluing of the dollar thanks to the Federal Reserves decision to continue to print worthless paper combined with high fuel costs, inflation will soon plague the United States. Walmart says it's coming quickly now, calling it "serious."

The world's largest retailer is working with suppliers to minimize the effect of cost increases and believes its low-cost business model will position it better than its competitors.

Still, inflation is "going to be serious," Wal-Mart U.S. CEO Bill Simon said during a meeting with USA TODAY's editorial board. "We're seeing cost increases starting to come through at a pretty rapid rate."