Billionaire Supermarket Owner Warns: Food Prices Will Go Up ‘Tremendously’

Billionaire Supermarket Owner Warns: Food Prices Will Go Up ‘Tremendously’
A woman looks over produce in a grocery store in Toronto on Nov. 30, 2018. The Canadian Press/Nathan Denette
Jack Phillips
Updated:

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.

Jack Phillips
Jack Phillips
Breaking News Reporter
Jack Phillips is a breaking news reporter who covers a range of topics, including politics, U.S., and health news. A father of two, Jack grew up in California's Central Valley. Follow him on X: https://twitter.com/jackphillips5
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