Inflation rises 3.7%, Walmart and Costco identified as potential beneficiaries
WMT Walmart Inc
$118.70 -0.09%
View chart & analysis → - 1The September Consumer Price Index (CPI) rose 3.7% from a year ago, up from 3.4% in August
- 2Gasoline rose 9.1% in one month and 34.2% in one year, while core inflation rose 2.6%, dining out costs rose 3.5%, and home meal food costs rose 1.8%
- 3Costco quarterly sales increased 11.2% to $93.9 billion, and Walmart US comparable store sales grew 3.4%
So what's the key point?
September inflation rose 3.7% compared to a year ago, and dining out costs rose faster than home meal ingredients. This article reports that customers are flocking to Walmart and Costco due to their low prices.
Source The Motley Fool +1 · View original ↗
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