The world’s largest retailer confirms consumers should prepare for higher prices on a range of goods as import costs accelerate. Expect other retailers to follow suit.

The retail giant said Trump’s import taxes remain too high to avoid passing along to shoppers, who could start paying more for some items as soon as late May.

Economists expect the consumer-price inflation rate to increase to that number, approximately, over the next year, from 2.3% in April, should current tariff levels remain stable. If Walmart is raising prices,