NY Inflation Surges Ahead of National Trends, Driven by Rent and Tuition
TL;DR Summary
Inflation in the New York metropolitan area is higher than the national average, mainly driven by rising housing, energy, education, and childcare costs, although recent data shows some easing in housing inflation. Despite this, New York's inflation rate since pre-COVID remains slightly below the national rate, with forecasts indicating it will continue to outpace the national average in the coming years.
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