Where The Price-Pain Comes From

New York City consumer prices rose 1% for the second consecutive month. This represents the biggest two-month boost in the last 26 years. Household energy was the major culprit. In June, we paid 10.8% more for electricity. That was the biggest increase since 1914! Rents increased .7%. Food increased .2%. Additionally, there’s the price increase on that thing called “gas.” We’re not going into how much that's risen the last few years. Perhaps it’s best we don’t go there ... not making the trip will save gas. Hang in there New Yorkers! Unfortunately, you ain't seen nothin' yet!