Economics
NYC Inflation at 5.1% Is Lowest Among U.S. Cities
- Prices haven’t been rising as fast as the rest of the nation
- NYC’s inflation was half that of Phoenix and Atlanta in Feb.
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There are lots of reasons why New Yorkers love their city. The cost of living isn’t usually one of them. Still, right now -- amid a nationwide wave of inflation -- prices in the city are rising at the slowest pace of any U.S. metro area.
Prices in New York City rose 5.1% in February from a year earlier, compared with a decades-high 7.9% jump nationwide, according to data published Thursday by the Bureau of Labor Statistics.