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The Wal-Mart Effect

Publication :	The Atlantic Monthly- Boston
Author :	Ross Douthat; Nathan Littlefield; Marshall Poe; Matthew Quirk
Date :	Jan/Feb 2005

Abstract (Document Summary)

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.

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