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Implementation of a true cost of living measure in New York City

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    Council Member Brewer inquires about the implementation of a true cost of living measure in New York City, which was mentioned in a previous report. Kate MacKenzie provides information on the progress of this initiative.

    • The measure is being developed to track the annual cost of meeting essential needs, including food, in the city.
    • The Mayor's Office of Racial Equity and Justice is leading the development of cost accounting methodologies.
    • The Food Policy office has been collaborating to ensure food prices are captured in the measure.
    • The release of the measure is expected in the spring, though an exact date is not provided.