According to NyPo:
In addition to skyrocketing rent and gas prices, New Yorkers are being nickel and dimed to death, shelling out 21 cents more for a box of Corn Flakes, 29 cents more for a six-pack of beer, and about a buck extra to go to the movies. It even costs more to treat a headache than it did in 2010.It's shouldn't come as a surprise that NYC is a leader in inflation, since much of the money Bernanke pumps into the system goes to Wall Street, and Wall Streeters spend their money in the city. Also with the dollar weak NYC becomes a hot travel point for foreign travelers. Here are the details on what NyPo found:
Costs are creeping upward for everything from a coffee-cart cup of Joe to a carton of milk to a TV dinner...
The average price of a regular gallon of gas in New York City was $4.21 Friday, compared with $3.08 a year ago...
The average price of a one-bedroom apartment in a Manhattan doorman building last month was $3,529 up from $3,360 a year ago...
TRANSPORTATION
Monthly unlimited MetroCard
2010: $89
2011: $104
15-gallon gas fill-up
2010: $46.20 ($3.08/gal. regular)
2011: $63.15 ($4.21/gal. regular)
UTILITIES
January average Con Ed apartment bill
2010: $65.19
2011: $72.69
CLOTHING
J. Crew cotton women’s shirt
2010: $69.50
2011: $72
Boys’ blue jeans
2010: $24.50
2011: $34.50
Victoria’s Secret cotton panties
2010: 5 for $25
2011: 5 for $25.50
RENT
Average Manhattan one-bedroom, doorman building
2010: $3,360
2011: $3,529
ENTERTAINMENT
Cable/Internet bill
2010: $122
2011: $129
Movie theater ticket
2010: $12
2011: $13
GROCERIES
4-pound chicken
2010: $7.08 ($1.77/pound)
2011: $11.96 ($2.99/pound)
1 pound ground beef
2010: $3.59
2011: $4.99
Head iceberg lettuce
2010: $2.16
2011: $2.49
One dozen large eggs
2010: $2.67
2011: $3.99
Chunk light tuna
2010: $1.74
2011: $1.79
Frozen chicken dinner
2010: $4.79
2011: $5.19
5 pounds sugar
2010: $4.38
2011: $5.49
Kleenex tissues, 200-count
2010: $2.58
2011: $2.99
1 can coffee
2010: $5.82
2011: $6.99
Advil 200-count
2010: $9.54
2011: $9.99
Orange juice 64 oz.
2010: $4.94
2011: $5.39
Half gallon whole milk
2010: $2.47
2011: $2.99
2-liter Coke
2010: $2
2011: $2.29
Loaf white bread
2010: $2.28
2011: $2.89
1 pound bananas
2010: 85¢
2011: $1.29
6-pack Heineken
2010: $10.70
2011: $10.99
18-oz. Corn Flakes
2010: $5.38
2011: $5.59
FAST FOOD
Pizza Hut 12-inch pie
2010: $11.86
2011: $14.99
Medium coffee, street vendor
2010: $1
2011: $1.25
Quarter Pounder with cheese
2010: $3.92
2011: $3.99
Bagel at Ess-A-Bagel
2010: 85¢
2011: $1.00
Leaving out rent, here’s what you would have paid for one of all these items:
2010 TOTAL: $543.99
2011 TOTAL: $622.37
DIFFERENCE:$78.38
+14%
Plus, rent went up +5%
The inflation here in Hong Kong is mindboggling. Cornflakes are up 10 percent since February! A bottle of water that cost 2 HKD three years ago now costs 5,90 HKD.
ReplyDeleteThe Hong Kong government are now trying to fight inflation with price controls and subsidies so people can afford the higher costs. Of course, no one is getting a pay raise. To boot, a minimum wage was introduced yesterday in the "worlds freest economy".