Walmart warns ‘unprecedented’ price hikes are coming as tariffed goods start to hit shelves

Walmart said Thursday it plans to increase prices this month as tariffed goods start to hit shelves — warning that the size and speed of the price hikes could be “unprecedented”.

The Arkansas-based retail giant has already started raising markups on certain items as suppliers pass along the additional costs. Bananas, for example, jumped to 54 cents a pound, up from 50 cents, according to Walmart Chief Financial Officer John David Rainey.

“The magnitude and speed at which these prices are coming to us is somewhat unprecedented in history,” Rainey told the Wall Street Journal.