Former US Labor Secretary Robert Reich accuses Walmart of driving inflation by increasing its net income 93% in 2023.

Former US Labor Secretary Robert Reich accuses Walmart of driving inflation through "price gouging", claiming the company's net income increased 93% to $10.5bn in 2023. Reich's criticism follows a viral TikTok video showing increased costs of Walmart's Great Value products, with some items doubling in price. Walmart's CEO, John Furner, recently described inflation as a "nagging problem".