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Food prices could spike by 14% before October, a supermarket chain owner says. It's already forcing restaurants to push up their prices

2 monthes ago   |   By Business Insider

Summary List Placement Food prices could rocket a further 14% by October, John Catsimatidis, the owner and CEO of New York City supermarket chain Gristedes, told Fox Business .
"We're seeing anywhere from 10% to 14% by October 1," Catsimatidis told Fox Business Monday.
He didn't say whether he was talking about suppliers' prices, or the prices supermarket chains charge consumers.
Prices are rising because of falling production , stemming in part from a lack of available workers and supply-chain problems such as shipping delays, coupled with soaring consumer demand.
The price of beef rose...
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