NOTEBOOK- ONE GOOD READ: Grocery store owner predicts food prices will continue rising
BPC Staff Oct 20, 2021 | 7:40 pm
<1 min read time
83 wordsAll Latest News, Business Record Insider, The Insider NotebookBY KATHY A. BOLTEN:If you’ve been to the grocery store lately, you are acutely aware of the rising food prices. According to John Catsimatidis, a New York grocery store owner, prices are only going to continue to go up, likely by as much as 10% over the next two months. Prices are increasing because of falling production, a shortage of workers and supply-chain problems such as shipping delays, writes Kate Duffy for Business Insider. The trend won’t reverse “anytime soon,” Catsimatidis said.
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