www.bloomberg.com Open in urlscan Pro
151.101.193.73  Public Scan

Form analysis
0 forms found in the DOM

Text Content

Skip to content
Bloomberg the Company & Its ProductsThe Company & its ProductsBloomberg Terminal
Demo RequestBloomberg Anywhere Remote LoginBloomberg Anywhere LoginBloomberg
Customer SupportCustomer Support


 * BLOOMBERG
   
   Connecting decision makers to a dynamic network of information, people and
   ideas, Bloomberg quickly and accurately delivers business and financial
   information, news and insight around the world
   
   
   FOR CUSTOMERS
   
    * Bloomberg Anywhere Remote Login
    * Software Updates
    * Manage Products and Account Information
   
   
   SUPPORT
   
   Americas+1 212 318 2000
   
   EMEA+44 20 7330 7500
   
   Asia Pacific+65 6212 1000


 * COMPANY
   
    * About
    * Careers
    * Diversity and Inclusion
    * Tech At Bloomberg
    * Philanthropy
    * Sustainability
    * Bloomberg London
    * Bloomberg Beta
    * Gender-Equality Index
   
   
   COMMUNICATIONS
   
    * Press Announcements
    * Press Contacts
   
   
   FOLLOW
   
    * Facebook
    * Instagram
    * LinkedIn
    * Twitter
    * YouTube


 * PRODUCTS
   
    * Bloomberg Terminal
    * Data
    * Trading
    * Risk
    * Indices
   
   
   INDUSTRY PRODUCTS
   
    * Bloomberg Law
    * Bloomberg Tax
    * Bloomberg Government
    * BloombergNEF


 * MEDIA
   
    * Bloomberg Markets
    * Bloomberg Technology
    * Bloomberg Pursuits
    * Bloomberg Politics
    * Bloomberg Opinion
    * Bloomberg Businessweek
    * Bloomberg Live Conferences
    * Bloomberg Radio
    * Bloomberg Television
    * News Bureaus
   
   
   MEDIA SERVICES
   
    * Bloomberg Media Distribution
    * Advertising


 * COMPANY
   
    * About
    * Careers
    * Diversity and Inclusion
    * Tech At Bloomberg
    * Philanthropy
    * Sustainability
    * Bloomberg London
    * Bloomberg Beta
    * Gender-Equality Index
   
   
   COMMUNICATIONS
   
    * Press Announcements
    * Press Contacts
   
   
   FOLLOW
   
    * Facebook
    * Instagram
    * LinkedIn
    * Twitter
    * YouTube


 * PRODUCTS
   
    * Bloomberg Terminal
    * Data
    * Trading
    * Risk
    * Indices
   
   
   INDUSTRY PRODUCTS
   
    * Bloomberg Law
    * Bloomberg Tax
    * Bloomberg Government
    * Bloomberg Environment
    * BloombergNEF


 * MEDIA
   
    * Bloomberg Markets
    * Bloomberg
      Technology
    * Bloomberg Pursuits
    * Bloomberg Politics
    * Bloomberg Opinion
    * Bloomberg
      Businessweek
    * Bloomberg Live Conferences
    * Bloomberg Radio
    * Bloomberg Television
    * News Bureaus
   
   
   MEDIA SERVICES
   
    * Bloomberg Media Distribution
    * Advertising


 * BLOOMBERG
   
   Connecting decision makers to a dynamic network of information, people and
   ideas, Bloomberg quickly and accurately delivers business and financial
   information, news and insight around the world
   
   
   FOR CUSTOMERS
   
    * Bloomberg Anywhere Remote Login
    * Software Updates
    * Manage Contracts and Orders
   
   
   SUPPORT
   
   Americas+1 212 318 2000
   
   EMEA+44 20 7330 7500
   
   Asia Pacific+65 6212 1000

Think Bigger:See how we drive impact, create opportunities and power decisions

US Edition

 * UK
   
 * Europe
   
 * US
   
 * Asia
   
 * Middle East
   
 * Africa
   
 * 日本
   

Sign In
Account

My Interests
 * My Content
 * Newsletters
 * Watchlist

Settings
 * Account
 * Subscription
 * Billing

 * Help Center
 * Sign Out

Subscribe



 * Live Now
   
   
   BLOOMBERG TV+
   
   
   BLOOMBERG SURVEILLANCE
   
   Bloomberg Surveillance with Tom Keene, Jonathan Ferro & Lisa Abramowicz live
   from New York, bringing insight on global markets and the top business
   stories of the day.
   
   
   BLOOMBERG RADIO
   
   
   BLOOMBERG SURVEILLANCE
   
   The economy and markets are "under surveillance". Bloomberg Surveillance,
   covering the latest news in finance, economics and investments.
   
   Listen
   
   --------------------------------------------------------------------------------
   
   
   BLOOMBERG ORIGINALS
   
   
   MADE
   
   We look at the craftsmanship of high end products from African American-owned
   companies and Black creators.
   
   
   ALSO STREAMING ON YOUR TV:
   
   
 * * Markets
     Markets
      * Deals
      * Odd Lots
      * The FIX | Fixed Income
      * ETFs
      * FX
      * Factor Investing
      * Alternative Investing
      * Economic Calendar
      * Markets Magazine
      * UK Markets Today
     
     
     MARKETS
     
     IndiGo Profit Beats Forecast as Fuel Cost Drops, Demand Jumps
     
     
     HEALTH
     
     CVS Beats Quarterly Profit, Sales Estimates Amid Cost-Cutting
     
     
     MARKET DATA
     
      * Stocks
      * Commodities
      * Rates & Bonds
      * Currencies
      * Futures
      * Sectors
     
     View More Markets
   * Economics
     Economics
      * Indicators
      * Central Banks
      * Jobs
      * Trade
      * Tax & Spend
      * Inflation & Prices
     
     
     ECONOMICS
     
     Americans’ Spending Set to Slow as Income Dips Below 2019 Trend
     
     
     JOBS
     
     India’s Unemployment Rate Falls in July Due to Farm Demand
     
     
     INDICATORS
     
     Swiss Factory Weakness Deepens With PMI at 14-Year Low
     
     View More Economics
   * Industries
     Industries
      * Consumer
      * Energy
      * Entertainment
      * Finance
      * Health
      * Legal
      * Real Estate
      * Telecom
      * Transportation
     
     
     CARS
     
     Ferrari Hikes Targets Amid Strong Demand for Supercars
     
     
     FUTURE OF BRITISH BUSINESS
     
     Haleon Raises Revenue Forecast on Sensodyne, Panadol Demand
     
     
     FEATURED
     
      * Business of Sports
     
     View More Industries
   * Tech
     Tech
      * AI
      * Big Tech
      * Cybersecurity
      * Startups
     
     
     DEALS
     
     Jet Service Volato to Go Public Via SPAC With New Funding Round
     
     
     TECHNOLOGY
     
     China to Curb Kids’ Mobile Use in Blow to Tencent, ByteDance
     
     
     TECHNOLOGY
     
     Fintech Unicorn Stax Picks British Finance Exec Paulette Rowe as Next Boss
     
     View More Tech
   * AI
     AI
      * Stocks to Watch
      * Startups & Investing
      * Ethics, Law & Policy
      * Jobs & Economy
     
     
     MARKETS
     
     AI Study Says Stocks Already Pricing a Job-Replacement Premium
     
     
     TECHNOLOGY
     
     Europe’s AI Startups Look to Capitalize on the Continent’s FOMO
     
     
     TECHNOLOGY
     
     Uber Is Developing an AI-Powered Chatbot to Integrate Into App
     
     View More AI
   * Politics
     Politics
      * US
      * UK
      * Americas
      * Europe
      * Asia
      * Middle East
     
     
     POLITICS
     
     Sunak’s Inflation Optimism Eclipsed by Unhappy UK Radio Callers
     
     
     EXPLAINER
     
     Xi’s Military Shakeup Targets ‘Irreplaceable’ Nuclear Force
     
     
     FEATURED
     
      * Next China
     
     View More Politics
   * Wealth
     Wealth
      * Investing
      * Living
      * Opinion & Advice
      * Savings & Retirement
      * Taxes
      * Reinvention
     
     
     WEALTH
     
     Ex-Citi Banker Bet on Joe Lewis-Backed Firm Before Trading Probe
     
     
     WEALTH
     
     NYC Is Going to Get Even More Expensive in August
     
     
     FEATURED
     
      * How to Invest
     
     View More Wealth
   * Pursuits
     Pursuits
      * Travel
      * Autos
      * Homes
      * Living
      * Culture
      * Style
     
     
     CARS
     
     Ferrari Hikes Targets Amid Strong Demand for Supercars
     
     
     SCREENTIME
     
     Messi Playing in the US Boosts Dan Hunt’s Dallas Soccer Bet
     
     
     FEATURED
     
      * Screentime
      * New York Property Prices
      * Where to Go in 2022
     
     View More Pursuits
   * Opinion
     Opinion
      * Business
      * Finance
      * Economics
      * Markets
      * Politics & Policy
      * Technology & Ideas
      * Editorials
      * Letters
     
     
     CLAUDIA SAHM
     
     Bidenomics Is a Battle Between Efficiency and Resilience
     
     
     JUSTIN FOX
     
     The ‘Summer of Strikes’ Isn’t Living Up to the Hype
     
     
     NIR KAISSAR
     
     Stocks Are Pricey Even Without Magnificent Seven
     
     View More Opinion
   * Businessweek
     Businessweek
      * The Bloomberg 50
      * Best B-Schools
      * Small Business Survival Guide
      * 50 Companies to Watch
      * Good Business
      * Subscribe to the Magazine
     
     
     TECHNOLOGY
     
     Amazon Unveils Biggest Grocery Overhaul Since Buying Whole Foods
     
     
     TECHNOLOGY
     
     Europe’s AI Startups Look to Capitalize on the Continent’s FOMO
     
     
     ECONOMICS
     
     Economist Behind Popular Recession Gauge Worries She Created a ‘Monster’
     
     View More Businessweek
   * Equality
     Equality
      * Corporate Leadership
      * Capital
      * Society
      * Solutions
     
     
     QUICKTAKE
     
     Why Can’t Sweden and Denmark Stop Koran Burnings?
     
     
     EQUALITY
     
     NatWest Ordered to Pay Banker Fired After Cancer Surgery £88,000
     
     
     FEATURED
     
      * In Trust Podcast
     
     View More Equality
   * Green
     Green
      * New Energy
      * ESG Investing
      * Weather & Science
      * Climate Politics
      * Greener Living
      * Cleaner Tech
     
     
     CLIMATE POLITICS
     
     Biden's Climate Law Only Halves US Greenhouse Gas Emissions by 2050: Study
     
     
     CLIMATE POLITICS
     
     German Coalition Split on Magnitude of Increase in Carbon Price
     
     
     FEATURED
     
      * Data Dash
      * Hyperdrive
     
     View More Green
   * CityLab
     CityLab
      * Design
      * Culture
      * Transportation
      * Economy
      * Environment
      * Housing
      * Justice
      * Government
      * Technology
     
     
     CITYLAB
     
     Lisbon Mayor Sees No ‘Overtourism’ Despite Record Visitors
     
     
     CITYLAB
     
     NYC Migrant Crisis Hits Breaking Point in Midtown Manhattan
     
     
     DESIGN
     
     A Nordic Revolt Against ‘Ugly’ Modern Architecture
     
     View More CityLab
   * Crypto
     Crypto
      * Decentralized Finance
      * NFTs
      * Regulation
      * Technology
     
     
     CRYPTO
     
     Bankman-Fried Claims Jailing Him Would Violate Free-Speech Right
     
     
     CRYPTO
     
     Figure, Mike Cagney’s Blockchain Startup, Withdraws Bank-Charter
     Application
     
     
     CRYPTO
     
     MicroStrategy Returns to Profitability With Bitcoin Rebound
     
     View More Crypto
 * More
   
   --------------------------------------------------------------------------------
   
   
   
   

We've updated the dispute procedures in our Terms of Service (“Terms”). By
continuing to use the site, you accept and agree to these updated Terms.



Wealth


NYC IS GOING TO GET EVEN MORE EXPENSIVE IN AUGUST

 * Electricity bills, public transit fares set to go up in August
 * Rents are near a record high, and dining out is more expensive

FacebookTwitterLinkedInEmailLink
GiftGift this article
Expand


The lower Manhattan skyline in New York city.

Photographer: Ed Jones/AFP/Getty Images
FacebookTwitterLinkedInEmailLink
GiftGift this article

Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
Bloomberg Terminal LEARN MORE
FacebookTwitterLinkedInEmailLink
Gift
By Augusta Saraiva
August 1, 2023 at 1:08 PM EDT

Listen

1:12

Believe it or not, but New York City is about to get even more expensive this
month.

New Yorkers will be paying 15 cents more more to ride the subway or the bus
later in August, and residents are set to spend nearly another $15 a month on
average on electricity. That’s on top of rents near a record high, consistently
keeping the Big Apple among the world’s most expensive cities.


INFLATION CONTINUES TO BITE IN NEW YORK CITY

Prices rose at 2.5% from a year ago in the New York metro area in June

Source: Bureau of Labor Statistics

Note: New York metro data encompass New York, Newark and Jersey City

While the increases are minimal compared to much-too-high rents and other costs,
they add to the long list of items that are already putting a strain on New
Yorkers’ wallets. The cost of dining out was up roughly 7% in June from a year
ago, according to the Bureau of Labor Statistics, and even a classic slice of
pizza costs more than in past years.



And once the latest price increases are enacted, the cost of living will
continue to rise. The Metropolitan Transportation Authority’s base-fare increase
is its first since 2015; monthly passes and tolls on MTA bridges and tunnels
will go up as well.

Residents will also see electricity bills rise by rise by 9.1% this month after
energy provider Consolidated Edison Inc. got the green light to raise prices to
meet higher costs and improve operations. Rates will go up again in early 2024
and 2025.


Assess your financial health with
Bloomberg's new personal finance toolAssess your financial health with
Bloomberg's new personal finance toolAssess your financial health
with Bloomberg's
new personal finance tool

Launch
LinkCopy Link
Follow all new stories by Augusta Saraiva
Plus FollowingPlus Get AlertsPlus Get Alerts
Twitter
FacebookTwitterLinkedInEmailLink
GiftGift this article
Have a confidential tip for our reporters? Get in Touch
Before it’s here, it’s on the Bloomberg Terminal
Bloomberg Terminal LEARN MORE





Terms of Service Do Not Sell or Share My Personal Information Trademarks Privacy
Policy ©2023 Bloomberg L.P. All Rights Reserved
Careers Made in NYC Advertise Ad Choices Help








Get unlimited access today.Explore Offer Arrow Right
Chevron Down
Subscribe now for unlimited access to Bloomberg.com and the Bloomberg app
Global news that uncovers a new tomorrow. Cancel anytime.
Get uninterrupted access to global news. Cancel anytime.
Claim This Offer