Billionaire CEO Warns About Food Prices, Shortages, Expects Peak Prices in September

Billionaire CEO Warns About Food Prices, Shortages, Expects Peak Prices in September
An employee surveys inventory in a Giant Food supermarket in Washington on Nov. 22, 2021. Anna Moneymaker/Getty Images
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As fuel prices remain high and the U.S. annual inflation rate reached its highest level in decades, a billionaire CEO warned that Americans should be more concerned with rising food prices.

In an interview with Fox Business, United Refining Company and Gristedes CEO John Catsimatidis uttered similar worries as BlackRock CEO Larry Fink, who recently cautioned that the dramatic spikes in oil and mineral prices have distracted investors from the increase in food prices.
Lorenz Duchamps
Lorenz Duchamps
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Lorenz Duchamps is a news writer for NTD, The Epoch Times’ sister media, focusing primarily on the United States, world, and entertainment news.
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