Wal-Mart CEO Tells US to Prepare for Serious Inflation

But of course, inflation in food, fuel and clothing don't count:
"U.S. consumers face "serious" inflation in the months ahead for clothing, food and other products, the head of Wal-Mart's U.S. operations warned Wednesday."

http://www.usatoday.com/money/industries/retail/2011-03-30-wal-mart-ceo-expects-inflation_N.htm