Billionaire supermarket CEO: Buy now,
food inflation will only get much worse
Fox News,
by
Stephanie Giang-Paunon
Original Article
Posted By: Boliver,
3/16/2022 2:46:15 PM
John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, urged Americans to "buy" now because food inflation will only get much worse. (SNIP) "I've seen price increases coming through for the month of March. I've seen them coming through April and May. Between price increases and shrinkflation -- where it used to be 32 ounces, now it's going to be 28 ounces – it's anywhere from a 12 to a 20% increase in food prices," Catsimatidis told Brian Kilmeade on "Fox & Friends," Tuesday.
Reply 1 - Posted by:
downnout 3/16/2022 2:53:55 PM (No. 1101856)
Don’t worry, our congress critters just gave their “offices” a 21% raise, so they’re all set. The rest of us can eat cake
(hat tip to Marie Antoinette).
14 people like this.
Reply 2 - Posted by:
anniebc 3/16/2022 2:58:44 PM (No. 1101858)
This should create a raid on supermarkets.
8 people like this.
Reply 3 - Posted by:
Mushroom 3/16/2022 3:21:33 PM (No. 1101872)
Oddly enough, Krogers profits for last Q are 2% higher than expected.
1 person likes this.
Reply 4 - Posted by:
smokincol 3/16/2022 3:31:02 PM (No. 1101878)
I might be a little delusional at this point in time with everything that is happening in our country and in Eastern Europe but, and to be perfectly honest, 1.) I did not think we would ever see a military confrontation of this magnitude, happening (period). I thought the world had had enough of that juvenile stuff and had moved on but, commie's don't play by any rules and scoff at those who do and 2.) the economic inflationary situation in our country is abominable and is far beyond the limits of reasonableness and sanity and to make matters much, much worse, could have been prevented and never materialized in the first place had this babbling, bumbling buffoon (and you know who I mean, I just can't bring myself to say the name except to call him diapers) only set aside politics and thought more about helping us instead of punishing us but commies don't think like us, that is why we must eliminate the comminist element in our federal, state and local levels as soon as possible.
15 people like this.
Reply 5 - Posted by:
SilkCity 3/16/2022 4:14:21 PM (No. 1101906)
If you can get around what is a painful voice for radio, Mr. Cats's show on WABC in New York at 5:00 is quite informative. He is very sensible and unafraid to call out the woke and the phony.
4 people like this.
Reply 6 - Posted by:
EJKrausJr 3/16/2022 4:18:18 PM (No. 1101908)
Stock up while there is still pasta on the shelves. Russia and the Ukraine are responsible fo 50% of the world's wheat production. The Chicoms have bought up any wheat surplus and slack produced by the world. Shrinkation is also occuring along with inflation. Pepperidge Farm cookies used to have 10 cookies per bag. There are now 8. FJB has fubar'd America in ways you will find out.
7 people like this.
Reply 7 - Posted by:
Venturer 3/16/2022 4:44:00 PM (No. 1101926)
I agree with him scarcity is coming as sure as the sun rises in the east.
Along with it will come high prices.
And who can we thank? Anyone who voted for Joe Biden.
8 people like this.
Reply 8 - Posted by:
AltaD 3/16/2022 5:18:56 PM (No. 1101957)
My husband's cousins are farmers, primarily wheat. Months ago they warned us to start stocking up and we've listened to their advice. Kitchen shelves are filled with dried pasta, oatmeal, rice, beans ... it's early covid days all over again.
5 people like this.
Reply 9 - Posted by:
padiva 3/16/2022 5:35:11 PM (No. 1101968)
Remember when Nixon had the price freeze in the 70's? A lot of things were not available until they were re-named and re-priced. Remember when Johnny Carson asked if toilet paper would be the next shortage. Everyone rushed out to buy TP.
(I started hoarding TP in 2015. I had fears that BO would declare martial law and cancel the 2016 election.)
2 people like this.
Reply 10 - Posted by:
padiva 3/16/2022 5:37:05 PM (No. 1101970)
Bo Snerdley is on the WABC just before this guy. Bo has email blast 2ce a day. Very worthwhile!
0 people like this.
Reply 11 - Posted by:
udanja99 3/16/2022 6:42:30 PM (No. 1102019)
We started preparing for this in 2010 because we feared that Smidgen was going to tank the economy. Just made another trip to Costco today. We’ll be OK, at least for a while.
2 people like this.
Reply 12 - Posted by:
TXknitter 3/16/2022 10:34:31 PM (No. 1102171)
We began stocking up when COVID scam was going on. We realized if the government could do THAT to us and get away with it, we better fasten our seat belts. The thing not getting enough attention is everyone start that Victory Garden. Stocked up pantries are super great but everyone can grow lettuces, radishes, tomatoes, etc. You will need fresh greens and fresh veggies too.
1 person likes this.
Reply 13 - Posted by:
mifla 3/17/2022 5:07:28 AM (No. 1102282)
Yep. Kitchen is well stocked.
0 people like this.
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