Abstract
New York City has experienced severe inflation in the aftermath of the COVID-19 pandemic, with significant negative impacts on the lives of its citizens. This study explores inflation in New York City, its causes, effects, and potential remedies. By analyzing data such as the CPI index and cases from relevant U.S. government websites, this paper explored inflation trends and their impact on the cost of living and socioeconomic factors. It is worth noting that inflation leads to an increase in the cost of living, a decrease in the purchasing power of money, and an increase in crime rates. The author also draws on successful anti-inflation strategies elsewhere to propose solutions for New York. Provides valuable reference for New York policymakers. The research in this article has important practical significance for the country to address inflation issues and grasp the direction of macroeconomic development.
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