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Entries from Gothamist tagged with 'inflation'

August 14, 2008

Confirmation that it's costing more to buy your bread: Inflation is "running at the fastest pace in 17 years, which consumer prices rising 0.8% last month, twice what experts were expecting. The AP grimly reports: "It marked the third straight month of oversized inflation increases following jumps of 0.6 percent in May and 1.1 percent in June and left inflation rising by 5.6 percent over the past year, the biggest 12-month gain since January 1991."......

Continue Reading "Inflation Reaches 17-Year-High"

May 19, 2008

Today the Post looks at how the turbulent economy is affecting the lifestyle of one family of four on the Upper East Side, and, surprise surprise, reports that it’s not really such a big deal for some people. Sure, their cost of living expenses have risen by $1,000 a month compared to this time last year, but Mr. and Mrs. Gary Foodim aren’t sweating it – they vacationed at Disney World last year and there's......

Continue Reading "Uptown Family Unfazed by Inflation"

May 6, 2008

Last night, the Rent Guidelines Board recommended to increase rents for rent-stabilized apartments by 3.5-7% for one-year leases and 5.5-9.5% for two-year leases. This figure was deemed too high by tenants and not high enough by landlords. This proposed increase is higher than last year's (3% for 1-year, 5.75% for 2-year leases), reflecting the rising costs landlords face. The Post noted the meeting last night followed "a well-worn script" with tenants asking for a rent......

Continue Reading "Landlords, Tenants Unhappy with Proposed Rent Hikes"

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