Inflation will cause grocery prices to rise even higher by October: Billionaire supermarket owner
John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, warned on Monday that inflation will lead to even higher grocery prices by October.
Speaking on “Varney & Co.” on Monday, Catsimatidis said he expected that “by October you’re going to have over a 6% annualized rate of inflation.”
Used car prices spiked 10.5% last month, accounting for more than one-third of the increase. Additionally, energy prices climbed 1.5% month over month and food prices rose 0.8%.
Catsimatidis noted that he is both in the food and oil businesses and that the higher prices are affecting him in both areas.
Catsimatidis said that he expects a 10 to 14% spike in food prices by October first.
Wow…
A 10% to 14% increase in the cost of food.
Gas is up a third.
Fuck me. If you got a standard 3% cost of living adjustment this year, you actually got a 9% pay cut.
All thanks to shutting down the economy for the COVID.
Those motherfuckers curb stomped the working and middle class’s chance at having any disposable income this year as our budgets for necessities get eaten up by inflation.
It’s never the fault of gov’t policies (unless they’re Republican), it’s all the fault of the greedy Billionaires. That one word will delegitimize anything else in that article.
At least there are no more mean tweets. :-/
“Those motherfuckers curb stomped the working and middle class’s chance at having any disposable income this year as our budgets for necessities get eaten up by inflation.”
You forgot to mention that they blame it on Trump.
A point of clarification: the economy was not shut down for COVID. The economy was shut down, period. COVID was used as a somewhat legitimate means to effect their plans. The plan is to diminish then probably exterminate the middle class. COVID has been used in the very same manner as Krystallnacht and perpetrated by those of the same wicked mind. Manufactured, implemented, doubled down, used to launch further restrictions/larger government.
It may seem like mere semantics to say it this way, but it is much closer to the truth. Now having seen the truth, act accordingly. However, to react is exactly another means they will use as legitimate to further shut down the economy but with more sever restrictions (not only for ‘public health’ but for martial law.
Therefore, act in accordance with your own rules, not playing their game by their rules. This is a good expression of ‘become ungovernable’.
But China Joe the other day told Don Lemon that by spending more money, he was going to reduce inflation. At least I think that’s what he said, he was more than a bit incoherent.