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John Catsimatidis says food prices could increase 20% by summer.

John Catsimatidis says food prices could increase 20% by summer.

John Catsimatidis says food prices could increase 20% by summer.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, warned that food inflation could rise by 20 percent this summer.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, who is also in the oil industry, reacted to U.S. President Biden buying oil from Russian President Vladimir Putin.

Disrupted by the omicron variant, the United States supply chain crisis is expected to worsen resulting in an increase in grocery prices. Billionaire John Catsimatidis, chief executive officer of [...]

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, called for the for the White House to “stop the war on North America” amid rising inflation.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, who is also in the oil industry, argued that oil will hit $100 a barrel “before you blink your eyes.”

Big businesses gave big, but hundreds of individuals also opened their wallets.

John Catsimatidis, the billionaire owner and CEO of New York City supermarket chain Gristedes, warned that higher prices for things like food and gas will stick around at least until the middle of next year.