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Food prices will go up ‘tremendously’:
Billionaire supermarket owner

Original Article

Posted By: NorthernDog, 10/18/2021 11:41:25 AM

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."


I'm starting to worry we will see price inflation unlike anything experienced in the US before. Zimbabwe dollars may come in handy.

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Reply 1 - Posted by: Jethro bo 10/18/2021 11:51:22 AM (No. 949766)
Higher priced food and soda pops, lack of toilet paper, much higher price for evil oil and gas, and producers prioritizing their highest profit produces over consumer choice. All thanks to Empty Lunch Bucket Joe. It is amazing to me how fragile our country's economy was in now that we see that it only takes 10 months to turn us into Venezuela. And Democrats are even finished getting started!
17 people like this.

Reply 2 - Posted by: Califedup 10/18/2021 11:53:52 AM (No. 949768)
First Covid as a fear and control weapon and now the Commies are shifting to Supply Chain Disruption as a fear weapon. Let's all go out and panic buy and make the situation much worse. Isn't most of our food produced right here in the US?
5 people like this.

Reply 3 - Posted by: udanja99 10/18/2021 12:05:26 PM (No. 949777)
Let’s go Brandon!
20 people like this.

Reply 4 - Posted by: stablemoney 10/18/2021 12:27:06 PM (No. 949802)
Biden wants to reduce the supply of food, so he can eliminate conservatives from the food supply.
4 people like this.

Reply 5 - Posted by: BirdsNest 10/18/2021 12:43:45 PM (No. 949823)
Food prices have already increased by 25%, that wasn't enough?
4 people like this.

Reply 6 - Posted by: Aubreyesque 10/18/2021 1:00:05 PM (No. 949841)
I wont be sad to see soda water lose sales - we consume FAR too much of it anyway. A huge reason why we have such a problem with being overweight.
0 people like this.

Reply 7 - Posted by: red1066 10/18/2021 1:11:39 PM (No. 949854)
Eliminating slower selling products is what businesses do, or should do. Why produce products that don't sell and make money? As for the lack of toilet paper, the word is out to buy as much and as often as one can, because there will be a shortage. Of course if most people do this, then low and behold, there's a shortage.
4 people like this.

Reply 8 - Posted by: kono 10/18/2021 1:49:18 PM (No. 949895)
A couple of small chains of supermarkets, both of which operate in New York City. No wonder I had never even heard of either one of 'em.
4 people like this.

Reply 9 - Posted by: EQKimball 10/18/2021 3:14:55 PM (No. 949964)
Last week we split a single order of pastrami sandwich and zucchini sticks, plus two diet Pepsis at a popular local cafe frequented by uniformed delivery truck drivers an auto mechanics.. Final charge, $23, up $5 from last month. Also, fewer lunch patrons than we have ever seen there..
4 people like this.

Reply 10 - Posted by: Daisymay 10/18/2021 3:56:59 PM (No. 949989)
Grocery prices have already gone sky high! Also, we were at Sam's Club this weekend and they were OUT of Toilet paper and Paper Towels, so the race to hoard is on! Hate to see this happening AGAIN!
3 people like this.

Reply 11 - Posted by: MickTurn 10/18/2021 6:14:27 PM (No. 950091)
Yep, as usual I, the Billionaire Supermarket Owner WILL Definitely take advantage of the price increases to increase my profit margin...who's gonna notice...HA HA HA...SICK BA$TARD!
0 people like this.

Reply 12 - Posted by: RuckusTom 10/18/2021 7:22:29 PM (No. 950122)
Note that Nabisco, Pepsi and Coke are international companies. If there are products made by those companies and they're stuck in warehouses (coming in or going out), the local prices will need to be increased to make up for the backlog. And that's on top of the gasoline prices to ship those products to or from the ports.
0 people like this.

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