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Q&A
Implementation of a true cost of living measure in New York City
0:38:11
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62 sec
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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.