In January 2025, consumer prices in the New York-Newark-Jersey City area surged nearly 1%, driven primarily by a 2.6% rise in energy costs. Gas prices specifically increased by 1.7%. Interestingly, food prices remained stable, surprising many amid rising grocery prices in the media, largely attributed to the bird flu outbreak affecting poultry. Yearly trends indicate a 1.7% rise in food prices and a more pronounced 5.5% increase in rents in New York, surpassing national averages. Experts note that shelter costs continue to exert pressure on the consumer price index in the region.
Consumer prices in the New York-Newark-Jersey City area saw a significant increase, with energy prices rising 2.6% and gas prices by 1.7% in January.
Despite the ongoing crisis in poultry farms due to bird flu, food prices remained unchanged in January, contradicting expectations of rising costs.
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