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The Wal-Mart Effect
The Atlantic Monthly
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Boston
A recent study from the National Bureau of Economic Research argues that Wal-Mart's size and lower-than-average prices have pushed the US inflation rate substantially below what official statistics indicate. According to the study's authors, the government's current inflation metric assumes that lower prices at big-box discounters mean products of lower quality, but the authors insist the food products available at Wal-Mart tend to be exactly the same as those at local supermarkets. More details are presented. Reproduced with permission of the copyright owner. Further reproduction or distribution is prohibited without permission.
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