They are squeezing us in every way they can.
"Let's go Cloward!"
"Let's go Piven!"
Posted on 10/18/2021 11:21:55 AM PDT by MNJohnnie
The owner of a New York City supermarket chain predicted the food prices will increase sharply in the coming months, with some increasing 10 percent in the next two months.
John Catsimatidis, the billionaire supermarket owner of Gristedes and D’Agostino Foods, warned that food giants such as Nabisco, PepsiCo, and Coca-Cola will prioritize raising prices on products.
“I see over 10 percent [price increase] in the next 60 days,” he said in an interview with Fox Business on Monday, adding that the trend will not drop “anytime soon.” Catsimatidis cited rising inflation and supply chain bottlenecks that are currently plaguing supermarkets and other retailers around the United States.
Catsimatidis then cautioned: “I see food prices going up tremendously” because food company CEOs “want to be ahead of the curve and the way they’re doing it is they’re dropping all promotions. They are dropping low-moving items.”
“Why give away something when you don’t have to give it away and you make more margin?” Catsimatidis asked. “So I think that now these companies are going to have record profits in the third quarter.”
Experts have said that a significant backlog of shipping containers is currently being processed at two major California ports is snarling delivery of food and other goods. Energy shortages in the Asia-Pacific and Europe, as well as COVID-19-related concerns, lockdowns, and vaccine mandates have also been blamed for the supply crunch.
Earlier this month, the White House announced that it was able to push Walmart, FedEx, and UPS into committing to adding more shifts to alleviate shipping issues. The Port of Los Angeles also committed to 24/7 shifts, the Biden administration also said.
Compared with one year ago, consumers are paying significantly more for goods and services, according to recent data released by the Department of Labor. It came as the agency reported that the consumer price index, a key inflation gauge that measures how much Americans pay for goods and services, rose approximately 0.4 percent in September, up 5.4 percent year-over-year.
For example, Americans are paying about 42 percent more on average for a gallon of gas than a year before, the data shows. They’re also paying 10.5 percent more for eggs, meat, poultry, and fish; 4 percent more for coffee; 19 percent more for bacon; 6 percent more for peanut butter; 27 percent more for propane, kerosene, and firewood; 5.2 percent more for electricity; 24.4 percent more for used vehicles; and 7.1 percent more for appliances.
Sign in or join for price aka if you have to ask, you can’t afford it.
I’ve seen a ton of those grass fed beef sellers online. Double or triple grocery store prices for the most part and all call it ‘sustainable agriculture’. The latest is “regenerative agriculture” or “regenerative farming”. They claim to be building soils instead of depleting by using mob grazing and daily rotational grazing. It is true to some degree because nature does tend to keep the soil covered at all times which is what they’re mimicking. It still needs to be refined and become main stream. They claim to not have to use dewormers or anything else due to moving the animals at least daily. It has potential but not if the masses can’t afford the product. It would also have to be like the old days when 20% of the population were farmers but regulations make small farming monetarily unsustainable. That’s why we have four major meat processors handling over 80% of US supermarket meat. JBS(brazil), Cargill, Tyson and another I can’t think of the name of. Smithfield(china) maybe.
adenafarms, 95,000 acres, wow. Guess they’ve been buying up smaller farms. Surprised there’s no wikipedo page for them.
They are squeezing us in every way they can.
A high-class problem. And a great chance to make a killing in commodities.
dementia joe’s inflation train comes roaring down the track ... Toot, Toot!
Ok, so what do we do about it?
Fire every Democrat politician you can.
What about the RINOs?
That’s obvious I guess.
Honestly, I don’t think just voting and running against will fix it.
I think it means blood spilling.
Somebody slap me upside the head.
All by design.
Time to move to Florida...
Trump in office Gas $1.76 a gallon
What is it now after 9 months of Biden’s rule by Executive Order?
I know it really really really hard to penetrate the “hate the GOP always” dogma around here. However if people can not see the obvious difference 9 months of Democrat control of the US Federal Government makes, then there is utterly no hope that anything will ever change.
Bingo
Same with the “semiconductor shortage.” I remember Orange Man the Bad rallying pretty hard about bringing that back from China.
China’s gonna press us as hard as they can now, for all of Trump’s attempts to bring industry home, only to be blocked by the Dems and the Recucklicans.
We shoulda made more of an effort to keep Trump in his office, which they stole.
if we're going to be paying $25 pound of a rib eye at least I want it to taste really really good.....
Yaaasssss. Marinate that bad boy then grill it on infrared so it’s charred on the outside and tender on the inside. Then slice it into thin strips. 😋 I discovered hanger steak in April 2020 when it was the only cut of meat left in the bin at my local Safeway during the panic.
Eww gross. Those taste like cardboard. I’m more afraid of running out of Ghirardelli Bittersweet chips that I make my chocolate chip cookies out of.
Walmart hamburger 2 weeks ago $6.03 per #
Yesterday it was $6.40 per #
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