Geisenblog


Inflation’s Effect on my Bacon, Egg, and Cheese
April 17, 2008, 3:06 pm
Filed under: finance, nyc, random | Tags: , , , ,

According to the proprietors of Chicken Deli, a fine establishment across the street from my office building, inflation “in the price of everything” is ensuring that my bacon, egg, and cheese is slightly more expensive than it used to be.  Some other quintessential NYC industries have also raised prices citing rising wheat costs.   These responses are primarily a result of the ongoing boom in commodities.  While this trend has been ongoing for a few years, it has been particularly pronounced over the first four months of this year.  If Chipotle’s recent decision to implement a 10% price increase exclusively in NYC is any indication, it seems like New York is ahead of the curve in responding to the inflationary pressure caused by rising commodities prices.

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