Here's An Idea To Get 30% Cheaper Groceries In New York Without Taxpayer Subsidies: Allow Walmart!
/During his campaign for office last fall, our new Mayor Zohran Mamdani promised to make groceries “affordable” for New Yorkers; but he provided few specifics.
Some specifics then emerged in late July, when Mamdani issued a big press release on his proposed public grocery store project. We learned that there are plans for five municipally-owned stores — one in each borough of the City — and that the groceries these stores will sell, or at least a “core basket” of them, will be “30% cheaper.” We know that the groceries will be “30% cheaper” because the Mayor’s press release says so multiple times:
Today [July 28], Mayor Zohran Kwame Mamdani, Deputy Mayor for Economic Justice Julie Su and New York City Economic Development Corporation (NYCEDC) announced that a core basket of everyday groceries will be 30 percent cheaper at the five new municipal grocery stores. . . . “A trip to the grocery store shouldn’t spell dread for New Yorkers [said Mayor Mamdani]. That’s why we are guaranteeing a 30% discount on the most common and most critical groceries. . . .”
Well OK, 30% cheaper than what?

