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Title: Grocery Prices Could Rise 10 to 14 Percent By October, Grocery Chain CEO Warns
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URL Source: ... r-grocery-chain-ceo-warns.html
Published: Jul 21, 2021
Author: Mike Rivero
Post Date: 2021-07-21 19:32:21 by Horse
Keywords: None
Views: 34
Comments: 1

American families are already struggling amid mounting price inflation that’s eating away at their budgets, with higher costs for housing, vehicles, and more. Yet a top CEO is warning that the growing inflation problem facing Americans could get much worse in the coming months.

The latest June data already show price inflation at a 13-year high, with prices having risen 5.4 percent year-over-year. Proponents of the big-government policies driving much of this increase insist the uptick in prices is only temporary. But billionaire and grocery chain CEO John Catsimatidis just predicted that overall price inflation, for consumer goods generally, will hit a 6 percent annualized rate by October.

In an interview with Fox Business, the CEO warned that his industry is seeing skyrocketing costs on the supply chain side, and that businesses will have to raise prices for consumers as a result...

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#1. To: Horse (#0)

sure they could or the workers wages will be cut by sixty percent. all those bombshells and smoking guns you posted turned out to be duds.

IRTorqued  posted on  2021-07-21   20:20:50 ET  Reply   Untrace   Trace   Private Reply  

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