NYC Sees Largest Gas, Energy Price Jump Since 1980: Feds

NEW YORK CITY — Skyrocketing inflation at the gas pump helped drive the New York City area's largest increase in energy costs in four decades, according to newly released consumer price data.

Energy costs overall rose 39.2 percent in the past year — an increase largely fueled by a 60.2 percent increase in the price of gasoline, the Bureau of Labor Statistics reported Wednesday.

"For the energy and gas series, the 12-month percent change was the largest since April 1980," a release states.

This pump pain is only one inflationary woe facing New Yorkers over the past year.

Costs overall in the New York City area have risen 6.7 percent since June 2021, the data shows.

That's somewhat lower than the national increase of 9.1 percent, but many New Yorkers likely would find that cold comfort.

Food prices overall in the New York area also rose 9.1 percent in the past year, according to data.

And New Yorkers yet again saw their checking accounts dwindle from May to June, as prices overall rose 1.4, data shows.

Costs rose on nearly everything from gas to new and used cars, which saw an 11.6 percent jump in just one month, according to data.

The only items that dropped in price last month were fruits and vegetables, which fell 3.9 percent, and meat, poultry, fish and eggs, which saw a 0.2 decrease, the data shows.