Mamdani promised cheaper groceries in NYC. Here’s how the city plans to do it.

The prices will be set once a month and not change, city officials said. City officials said they’re still figuring out how they will determine typical retail prices in order to reduce their prices by a third. Will the city run stores hurt local grocery stores and bodegas? City officials say bodega owners shouldn’t worry, as the markets won’t sell items like cigarettes, beer or hot foods — that tend to drive revenue. City officials say they will initially spend $70 million to build the stores.