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Oct. 24, 1974: Park Edge Supermarkets stamp out inflation

Seemingly out-of-control inflation was the biggest national issue of the day. President Ford was famously wearing a “Whip Inflation Now” pin on his lapel as he performed his official duties.

For families, it meant not being able to budget for groceries or gasoline — because the prices were edging up weekly and even daily.

While some lawmakers discussed the possibility of pricing laws, the owner of the three Park Edge Supermarkets took matters into his own hands. Hyman Benatovich promised that once a price was marked on an item, the price wouldn’t be raised.

By the end of the 1970s, all three Park Edge Supermarket locations had been taken over by Bells Markets.

24 oct 1974 park edge price guarantee

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