Grocery Prices Could Rise 10 to 14 Percent By October, Grocery Chain CEO Warns

Source: Foundation for Economic Education
by Brad Polumbo

“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.” (07/21/21)

https://fee.org/articles/grocery-prices-could-rise-10-to-14-percent-by-october-grocery-chain-ceo-warns/