Don’t Worry, It’s Not Core Inflation

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Can ya spare a trillion?

“SUNDAY, MAY 1, 2011

Price Inflation Hits 14% in NYC
A NyPo analysis found that New Yorkers’ common purchases have jumped about 14 percent, than a year ago.

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.

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…
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:

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%
Read more here: NYC inflation hits 14%

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