Sushi prices jump, now more expensive in New York than in L.A.
Another sign of rising food prices, this one unrelated to corn costs: The price of sushi in New York City rose so much this year that its raw fish and rice is now more expensive than in Los Angeles.
The price of the Japanese cuisine gained an average of 10% in the Big Apple, according to the Sushinomics Cost-of-Living Index compiled by Bloomberg. The data are based on prices for spicy tuna and California rolls in restaurants in 25 major metropolitan areas.
New York City landed the highest score of 132.98, which means that its prices are 32.98% higher than the nationwide average. Los Angeles was next at 127.68, followed by San Francisco at 119.22.
Dallas and Sacramento round out the top five. New Orleans, with a 79.98 score, is the cheapest big city in which to chow down on sushi.
In July, another popular but controversial food-based index – the Big Mac index calculated by the Economist – found that a Big Mac sells for $4.33 in America but costs just $2.13 in Hong Kong and $7.92 in Venezuela. In January, the burger cost $4.20 on average in the U.S.
The Labor Department earlier this week found that food costs rose 0.9% in August in their third straight month of jumps, with much of the advance due to escalating dairy and egg prices. Globally, food prices soared 10% in July, driven by severe drought in the Midwest, according to the World Bank.
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Fish as an economic indicator: Sushi is most expensive in L.A.
