In a call to analysts yesterday, Walmart Inc. CEO Doug McMillon warned of deflation in the near future. “In the US, we may be managing through a period of deflation in the months to come,” McMillon said.
A dip in prices at the world’s largest retailer is not necessarily going to happen. But McMillon’s comment underscored the drop in U.S. inflation rates after the Federal Reserve has increased American interest rates multiple times.
Inflation in September was 3.8 percent in Canada, year-over-year. Inflation over the same period is slightly lower in the U.S. at 3.2 percent.