Deep Dive: Inflation has New Yorkers limiting any extras when they shop
From utilities, to cars, to alcohol and meat, prices are up across the board.
In this week's Deep Dive, News 12's Kristie Reeter has a look at just how much costs have been rising on the things we buy every day.
In a News 12 poll, most New York participants said they are limiting any extras when shopping.
"Inflation is very real, up 5 to 6% from a year ago, but we are feeling it everywhere we really spend money. Just look at gas prices, 60.4% year over year, used cars and trucks up 31.8%," says Caleb Silver of Investopedia.
When it comes to fuels and utilities - like home heating - that's up 9.5%, Silver says, and food is up 6.5% from last year.
What kind of impact will inflation have on people's holiday shopping?
"We were expecting holiday sales to be up 8 to 10% from last year, about $1.8 trillion, a $1,000 per person on spend, but we are already seeing softness in retail spending in November especially in electronic stores and especially in apparel," says silver.