http://www.cnbc.com/id/40135092

Above is the article and below is an excerpt.  What I know is we shop at WalMart and 2 things I liked I no longer buy.  They sold 2 bags of doughnuts for $3.00 about 24 months ago, now they are $2 a bag.  Also they sold little pies in a box that were really tasty for $.50 at that time, they are now up to $.88.  Those items were handy for lunches on the go in the tractor or combine so I paid more attention to them.

As we look at items in the store we find a number of them have significant price increases. 

"A new pricing survey of products sold at the world’s largest retailer [WMT  54.13    -0.21  (-0.39%)   ] showed a 0.6 percent price increase in just the last two months, according to MKM Partners. At that rate, prices would be close to four percent higher a year from now, double the Fed’s mandate."

And;

“I suspect that when the Chairman thinks about reflation he has a difficult time seeing any other asset besides real estate,” said Jim Iuorio of TJM Institutional Services. “Somehow the Fed thinks that if its not ‘wage driven’ inflation that it is somehow unimportant. It’s not unimportant to people who see everything they own (homes) going down in value and everything they need (food and energy) going up in price.”