News and Commentary

Grocery Billionaire: Inflation For Food Prices Will Hit 10-14% By October

Ben Zeisloft
Grocery Billionaire: Inflation For Food Prices Will Hit 10-14% By October
Kent Nishimura/Los Angeles Times via Getty Images

Businessman John Catsimatidis expects 10% to 14% food inflation by October.

Catsimatidis — the owner and CEO of Manhattan-based grocery chain Gristedes Foods — told Fox Business that Americans can expect higher prices for basic expenses in the coming months.

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