Wednesday, April 20, 2022

That 99-cent slice of pizza will now cost you $1.50

As you may have recently noticed, the price of 99-cent pizza has crept up to $1.50 at neighborhood slice joints... with $1.50 signage covering the 99 cents pricing ...
This was an expected increase ... with media reports dating back to the late fall warning of an uptick thanks to inflationary food costs, the global supply-chain crisis and national labor shortage. Per the Times on Dec. 22: "The $1 Pizza Slice Becomes Inflation's Latest Victim." 

Abdul Muhammad, owner of 99 Cent Fresh Pizza, the eight-location chain in Manhattan, told The Guardian last December that the continued rise in costs may force him to raise his slice prices for the first time since opening in 2001.

"I have to think about it because my customers, many of them unemployed and struggling to make rent, can't afford to pay more," he said. 
Of course, the price of a slice has gone up across the board. 

As Bloomberg reported earlier this month:
The "pizza principle," a mainstay of New York economics for more than four decades, states that a slice of cheese pizza will always be the same price as a subway ride. 
The rule has largely held true since first conjectured in the New York Times in 1980, with any increase in pizza prices tending to predict a matching hike in public-transit fares. 
Not anymore. Prices for plain slices are soaring above $3 throughout the city along with commodity and labor costs. With the Metropolitan Transportation Authority freezing fares at $2.75, the gap between the price of riding downtown and satisfying late-night hunger pangs is growing quickly.

8 comments:

Anonymous said...

Lame - maybe now I'll loose some weight since I can not afford to engage in slice madness - EV Pizza $4 a slice! Bring back the good old Pizza Wars of 1st Ave and 14th streets - Those were the days

Anonymous said...

nothing better in the EV than the grandma slice at Solo Pizza on Ave B!

Felton Davis said...

Jimmy's Pizza on 2nd Avenue and East 7th, across from Middle Collegiate, was the best pizza in the neighborhood, crusty and with the right amount of tomato sauce, for only $1.25 a slice, and on top of that was a sit-down restaurant. Those days are gone, I hope they are all enjoying their retirement!

Glenn said...

Those cheap slices are terrible, anyway. It's better to just spring for a proper slice at Two Boots, Stromboli or Joe's.

Anonymous said...

My current fave pizza is Nolita Pizza on Kenmare Street. They used to have a second location on Second Avenue next door to Stomp but their landlord, Icon Realty, was unreasonable about a new lease.

I hate New Things said...

I agree. The quality is terrible and you get what you pay for!

XTC said...

In my experience I would say that some dollar slices are (were) better than others. Depends on the pie maker. Agree that many dollar slices are inferior to Establishment pizza emporiums but a dollar slice that's been properly prepared and oven baked to crusty perfection is not half bad at all, however the half baked shits are barely edible with the gooey melted cheese about as appealing as a load of floating slime atop the Gowanus Canal.............must admit I've never refused one though. It is after all a NY slice.

Anonymous said...

unless you're a high school student, totally broke, or just so drunk that you would eat anything, a dollar slice is never an option.