Domino's CEO Issues Dire Warning About the Economy, 'Don’t See Inflation Slowing Down,' 8-10 Percent Increase

Te CEO of Domino’s Pizza, Richard Allison, just issued a dire warning to America on inflation. Allison said his company does not see the inflation raging through our economy slowing down at all in 2022.

During an interview today CNBC host Sara Eisen asked Allison “So for those that are wondering or looking for signs that inflation in the U.S. economy is easing or lessening, it doesn’t sound like you’re seeing that. Is that right? What are you seeing?”

“Sara, we certainly don’t see inflation slowing down in our business,” Allison responded. “You know, we take a look at our food basket. You know, as you mentioned, we see an 8-10 percent increase in the food basket 2022 relative to 2021, and we also see continued wage inflation across the marketplace as well as we look forward this year.”

This is very bad news indeed.

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For those living paycheck to paycheck inflation can force families to make tough decisions about food, shelter, clothing and many other things.

The December inflation report came out this morning and it was bad according to the Associated Press:

“Inflation jumped at its fastest pace in nearly 40 years last month, a 7% spike from a year earlier that is increasing household expenses, eating into wage gains and heaping pressure on President Joe Biden and the Federal Reserve to address what has become the biggest threat to the U.S. economy.

Prices have risen sharply for cars, gas, food and furniture as part of a rapid recovery from the pandemic recession that was fueled by vast infusions of government aid and emergency intervention by the Fed, which slashed interest rates. As Americans have ramped up spending, supply chains have been squeezed by shortages of workers and raw materials.”

This is bad news indeed but not surprising given the deluge of government spending and the misguided approach to the pandemic over the past couple of years.

Lets hope the gross incompetence and mismanagement of the federal government by the Biden administration doesn’t make things even worse than they are now.