Inflation in the New York metropolitan area is outpacing the national average, driven by housing and energy costs, according to new economic data out Tuesday from the Bureau of Labor Statistics.
Bruce Bergman, an economist at the bureau, said the Consumer Price Index for the New York City area was up 3.2%, compared to the national figure of 2.7%. He attributed the increase in large part to the rise in rent, which is up 4.7% in New York and the region compared to 3.9% nationally.
But Bergman said the cost of living in the city, although higher than the national average, has eased somewhat from the steep rates of change in recent years, when it was as high as 6% in 2022 and over 4% through much of last year…