According to fresh government figures, inflation is making larger apples much harder than other major cities than other major American cities – prices are growing at the fastest pace since the beginning of last year.
From rent to groceries to school tuition, consumer prices in New York and New Jersey Metro sector was 4.3% from a year ago – in 12 other big cities across the country and their sharp clips since March 2023 Doing, said the Bureau of Labor Statistics on Wednesday.
Comes as a challenging report Consumer Price Index shows that nationwide prices rise 2.7% – The labor department said, above 2.6% increase in October, but falling to the expectations.
The number was warm compared to the previous month, but it is possible that the Federal Reserve is not enough to prevent the third round of interest rate cut during its meeting next week. Investors’ fourth point cut during 17 December-December. According to CME Fedwatch, after the report of inflation, there was a meeting of up to 95% in 18 meetings.
In 2022, inflation is cooling in most other parts of the country after the high level of epidemic-era-but a large apple filled with stir, the fastest speed of any major city measured by the Bureau of Labor Statistics is increasing prices at the fastest speed of any major city. Is.
Data stated that food prices increased by 1.8% in November a year ago-2.6% increase for food, and 1.4% increase for food at home.
The profit was largely inspired by an increase of 4% in meat, poultry, fish and egg prices.
New York -based psychiatrist Jonathan Alpart told The Post, “Many people talk about stress in addition to meeting me and even enjoy simple things like a cup of coffee.” “Is a $ 3 bhog now close to $ 4 and at some independent coffee shops, more than $ 4.”
Housing prices in the city are growing faster than the national average. New York Shelter prices rose 5.7% before a year in November – 4.7% above national benefits.
“In NYC, there is a lot of housing demand and it is difficult to build new construction, so you are seeing an increase in shelter prices. Even a slight increase for shelter for shelter can have a huge impact on your overall domestic budget due to already skyrocketing prices, ”Ted Jenkin, Business Advisor and Co-Founder of Oxygen Financial, Post told.
New yorker is not holding a break on furniture, either. Domestic goods and operations, which track the prices of home goods and services, increased by 6.9% in November – above the national growth of 0.4%.
According to the Bureau of Labor Statistics, domestic energy prices also shot, including the cost of natural gas service to 13.9% – although gasoline prices fell 13.4% in the same period.
New Yorkers are feeling pain when it comes to everyday shopping, even when the prices of clothes increased by 4.1% from last year and transport prices increased by 3.8%.
Mahoni Asset Management CEO Ken Mahoni told The Post that some companies may pursue their prices beyond the congestion pricing of Gov Kathy Huchul.
When it comes to the prices of everyday goods for the city’s slikers, the toll will “like kerosene on fire”, as companies will pass with additional costs for consumers, Mahoni said.
New York city students could not escape hot-to-normal inflation, either, tuition prices increased by 5.1%.
Labor Statistics Bureau measures inflation in 23 metro regions. New York, Los Angeles and Chicago make monthly reports, while others report bimonthli.
