Posted on 07/24/2021 8:20:48 AM PDT by Roman_War_Criminal
American families are already struggling amid mounting price inflation that's eating away at their budgets, with higher costs for housing, vehicles, and more. Yet a top CEO is warning that the growing inflation problem facing Americans could get much worse in the coming months.
The latest June data already show price inflation at a 13-year high, with prices having risen 5.4 percent year-over-year. Proponents of the big-government policies driving much of this increase insist the uptick in prices is only temporary.
But billionaire and grocery chain CEO John Catsimatidis just predicted that overall price inflation, for consumer goods generally, will hit a 6 percent annualized rate by October.
In an interview with Fox Business, the CEO warned that his industry is seeing skyrocketing costs on the supply chain side, and that businesses will have to raise prices for consumers as a result.
"Food prices are getting higher, and we expect even more increases by October," Catsimatidis said. "You have to pass [those extra costs] on [to consumers] or you're not doing your duty to God, your country, your employees, and your company."
(Excerpt) Read more at prophecynewswatch.com ...
But we are told this is just transitory inflation. Transitory inflation is apparently not as bad as regular inflation.
Americans are just going to have to sacrifice for the revolution....
The evil Commies stole the country fair and square.
Ah, yes…..
The Democrats are back in charge.
Pedo joe says he see no evidence of it. Purty EZ when the tax payers are paying ALL your bills. Just more proof that the ‘coasters’ have ZERO clue what goes on in FOC. They want to force us to cut back on beef? This is working pretty good.
Welcome Back, Carter.
When repubs are in office, dems will call it "catastrophic", "out of control", etc.
Language was designed for liars.
Watch what folks do, ignore what they say.
We are already 10 - 30% inflated. ... so ANOTHER 10 plus equals ....
We buy those hamburger "logs" which, less than a year ago was $12.95 for a five pounder .... the last one we bought a week ago was $29.95.
Find a place selling freezers on sale.
Buy lots of meat (on sale) and freeze it.
Buy veggies in season and on sale.
You can blanch and freeze many kinds of veggies you’d normally cook (not lettuce, etc, that you’d eat fresh).
Buy canned goods on sale. Build up a pantry. I label each can with the date so I eat the oldest first, however—I’m on a low salt diet and it’s hard to find processed foods in cans without tons of salt. Buy pasta and dried rice in bulk. Don’t forget the government cheese!
Make deals with local growers and/or farmers to buy in bulk. Apple, blueberries, cabbage, collards, peach, orange groves might allow some fairly cheap self-picking. Down South here, lots of pecan trees on public lands are there for the picking up—you can get hundreds of pounds in some places.
Get a canning kit. Learn to can veggies and meat.
And that’s on top of the 10 to 14 percent year-to-date!
Many products have gone up more than that already.
If food prices manage to stay below +20% for the year I will be astounded.
The high end stuff has been hit first, soon rice and beans too.
Bad article. CEO of what chain?
Weekly Garden Thread; https://freerepublic.com/focus/f-chat/3978805/posts
Shortages (which can appear overnight in Marxist/socialist/progressive oligarchies) lead, inevitably, to inflation.
Leftists try to control inflation with price controls, leading to ... more extreme shortages, thus hyper inflation and misery index through the roof.
He owns Gristedes grocery chain in Manhattan.
I’m on a low salt diet too. Check out Healthy Heart.com.
(....10% for the big guy and associates)
That’s a huge increase! I notice cheese keeps creeping up.
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