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Food prices will go up ‘tremendously’: Billionaire supermarket owner
Food prices will rise 10% in the next two months, John Catsimatidis says
Food prices will go up ‘tremendously’: John Catsimatidis
Gristedes and D’agostino Foods President and United Refining Company CEO John Catsimatidis weighs in on the increase of food prices in the U.S.
Americans will see food costs rise “tremendously” in the coming weeks, according to billionaire supermarket owner John Catsimatidis.
Catsimatidis, who is the president of Gristedes and D’Agostino Foods, discussed his concerns about inflation and supply chain issues on FOX Business’ “Mornings with Maria,” and warned companies like Nabisco, Pepsi and Coke will begin to prioritize products and raise prices in order to get ahead.
“I see food prices going up tremendously,” he told Maria Bartiromo. “[CEOs] want to be ahead of the curve and the way they’re doing it is they’re dropping all promotions. They are dropping low-moving items.”……More Here
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