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Story summary
- In 2025, the New York-Northern New Jersey region saw rising costs, with health insurance up 14.2% for manufacturers and 12.9% for service firms, and utilities up 8.5%.
- These higher costs pressured wage growth, with average increases limited to 4%.
- The Producer Price Index shows inflation, with service costs up 7% and manufacturers up 8.5%, and firms expect cost growth to slow in 2026.
