Socialist Mamdani says city-run grocery stores will undercut supermarkets by 30%

A 30% grocery markdown?

That is the pricing framework that will guide the city’s five government-owned grocery stores, democratic socialist New York City Mayor Zohran Mamdani announced during a press conference Monday.

‘Our five city-run grocery stores will set prices for this core set of goods at 30% below typical retail prices.’

Standing in front of shelves stocked with produce in a Brooklyn warehouse, Mamdani addressed the sharp rise in grocery prices over the past several years, citing a 30% increase since 2019.

To offset that increase, the mayor announced “a collection of essential staples that will be predictably 30% cheaper at all five of our city-run grocery stores.”

The discount will apply to items including fresh produce, meat, seafood, and “20 other essential items like cheese, milk, and bread,”