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.

“I see over 10 percent [price increase] in the next 60 days,”

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

Sort of looking like experts will have blown it. Again.

By EdwardM