Marketing

Supermarket owner claims price will rise for next 3 months

Photo by istock.com

April 8, 2022

Food prices will continue to rise for the next three months, according to John Catsimatidis, owner and CEO of supermarket chain Gristedes.

He expects prices to jump another 10% within the next month and a half, according to a Fox Business report.

Catsimatidis, a billionaire and also CEO of United Refining Company and Red Apple Group, said prices will "come right down," if the White House administration "reverses course" on its energy strategy.