New York, New York - New York City mayor Eric Adams declared a state of emergency on Saturday in response to the nationwide baby formula shortage.

Adam's Emergency Executive Order 98 will allow the Department of Consumer and Worker Protection (DCWP) to "exercise its authority under section 5-42 of Title 6 of the Rules of the City of New York" to put a stop to price gouging.

"The nationwide infant formula shortage has caused unimaginable pain and anxiety for families across New York — and we must act with urgency," Adams said in a statement.

"This emergency executive order will help us to crack down on any retailer looking to capitalize on this crisis by jacking up prices on this essential good."

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The shortage has hit the tristate area hard, with over 43% of major retailers being out of stock on formula.

New Yorkers who experience price hikes are now able to file a complaint to the DCWP through its website.

"Our message to struggling mothers and families is simple: Our city will do everything in its power to assist you during this challenging period," Adams concluded.