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New Yorkers are paying a heavy price for progressive Democrats’ reckless policies as prices rose faster in the Big Apple than in a dozen other US major cities.
It’s not just that housing prices here shot up faster (5.7%) than the national average (4.7%).
The cost of furnishing city apartments (home goods) rose 6.9% here vs 0.4% countrywide; grocery inflation continues and clothing prices spiked 4.1%.
Albany’s “criminal justice reforms” play a huge role there, as stores must make up for rampant retail theft. (And inflation doesn’t measure the frustrating wait while the clerk unlocks the deodorant, either.)
Household energy prices shot up, too — with natural gas costs jumping 13.9%.
And local electric bills are guaranteed to keep skyrocketing because the state is insisting that unreliable and pricey wind and solar power is the future and is pushing to phase out oil and natural gas.
Expect more pain in the wallet once Gov. Hochul’s $9 congestion-pricing toll hits next month: Think “kerosene on a fire,” as asset manager Ken Mahoney told The Post in anticipation of companies passing along the added toll costs to consumers.
Hochul pretends her plan to give New York families one-time $500 “inflation refund” checks late next year will ease the economic pain.
Hah! It’s not even what commuters will lose to her tolls, let alone the pass-along costs: “Everything that comes in and out of NYC is on a truck,” Mahoney notes.
Liberal tax-and-spend policies have had New York state shrinking relative to the rest of the country for decades, but progressive domination now has outmigration at record levels.
But those who don’t flee are still suffering: Expect them to bring that displeasure in the voting booth come the 2026 state elections.