Confirmation that it's costing more to buy your bread: Inflation is "running at the fastest pace in 17 years, which consumer prices rising 0.8% last month, twice what experts were expecting. The AP grimly reports: "It marked the third straight month of oversized inflation increases following jumps of 0.6 percent in May and 1.1 percent in June and left inflation rising by 5.6 percent over the past year, the biggest 12-month gain since January 1991."......

No surprise here, but skyrocketing fuel costs have not spared farmers who sell produce at Greenmarkets, the AP finds. Upstate strawberry grower Franca Tantillo estimates that roughly half the money she earns at a Manhattan Greenmarket is spent on transportation costs. And it’s not just getting back and forth from the city that’s more expensive; fuel costs have driven up the price of fertilizers and animal feed, and plastic supplies for greenhouses cost more. As......

Photo courtesy Occipital Lobe. Those high natural gas and oil prices have raised the prices for wholesale electricity that Con Ed buys from power-generating companies, and naturally the company is passing those expenses along to us. The company says that residential customers will pay 22% more for electricity this year than they did last summer – almost a quarter of that spike is due to a Bloomberg-approved rate hike. Harlem flea market vendor Cruz Reyes,......

Mayor Bloomberg’s ambitious congestion pricing plan may be toast (or Governor Paterson may bring it back from the dead) but it seems that skyrocketing gas prices are succeeded where Hizzoner failed. The Times is reporting that traffic on the city’s bridges and tunnels dropped 4.7 percent in June, compared to the same time last year. Meanwhile, subway, bus, bicycle and commuter rail ridership has surged. A transportaion consultant predicts that “if we start eclipsing $5......

While skyrocketing food prices are sparking riots around the world, in New York the crisis is forcing restaurants like Good Enough to Eat to make due with frozen blueberries in their pancakes! The owner tells the Times the blueberries she gets shipped from Maine are now $38 per flat, up from $24 last summer. A five gallon jug of Canadian maple syrup is now $250, up from $200. And a 100-pound sack of flour costs......

Today the Post looks at how the turbulent economy is affecting the lifestyle of one family of four on the Upper East Side, and, surprise surprise, reports that it’s not really such a big deal for some people. Sure, their cost of living expenses have risen by $1,000 a month compared to this time last year, but Mr. and Mrs. Gary Foodim aren’t sweating it – they vacationed at Disney World last year and there's......

Charitable food banks are also suffering from the recent increases in the cost of food. Last year food banks were being squeezed by the increased demand from the city's hungry, who were finding that rising rents, fuel costs, and transportation costs were limiting the income they had to devote to food. More and more people were turning to New York's charitable food organizations to make ends meet. As the cost of living continues to increase,......

“It’s horrible. I don’t know what we’re going to do,” Arye Lewkowitz, owner of Daniel’s Bagels on Third Avenue, recently told Metro. “We’re going to have to sell a bagel for over $1.” Lewkowitz isn’t alone; bagel and bread prices are soaring nationwide due to the skyrocketing cost of wheat, which more than doubled in the past year in New York, from $5.31 a bushel to $14.22. The main reason for the spike is drought......