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14-2147-PHI
November 20, 2014

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Consumer Price Index, Northeast Region - October 2014

Regional Prices Down 0.2 Percent Over the Month; Up 1.4 Percent Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast declined 0.2 percent in October, the U.S. Bureau of Labor Statistics reported today. A 3.6-percent decline in the energy index since September was moderated by increases in the all items less food and energy index and the food index, up 0.2 and 0.1 percent, respectively. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.) 

Over the last 12 months, the CPI-U increased 1.4 percent, due mainly to an advance in the all items less food and energy index, up 1.6 percent. (See chart 1 and table A.) The food index also rose since October 2013, up 2.8 percent, while the energy index declined 2.7 percent. (See table 1.)

 Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Northeast region, October 2011 - October 2014

Food

Over the month, food prices inched up 0.1 percent, as both components of the index increased. Prices for the food away from home component edged up 0.2 percent and those for food at home rose 0.1 percent.

Over the year, the food index advanced 2.8 percent. Prices were higher for both the food at home and food away from home components, up 2.8 and 2.9 percent, respectively, since October 2013.

Energy

The energy index, which includes prices for household and transportation fuels, declined for the fifth consecutive month, down 8.9 percent since May and 3.6 percent since September.  The one-month decrease was due mostly to a 5.1-percent decline in gasoline prices. Prices were also lower for electricity (-1.6 percent) and utility (piped) gas service (-2.7 percent) in October.

Energy prices declined over the year, down 2.7 percent, mainly reflecting a 4.3-percent decrease in gasoline prices. Utility (piped) gas service prices were also lower since October 2013, down 7.2 percent—the largest decrease in two years; electricity prices rose 3.0 percent over the year.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent over the month, led by a 0.2-percent increase in shelter prices. Higher prices for apparel (0.7 percent), among others, also contributed to the advance.  Price declines for used cars and trucks (-2.1 percent) and education and communication (-0.4 percent) moderated the rise in the all items less food and energy index since September.

The all items less food and energy index rose 1.6 percent over the year. The advance primarily reflected a 2.6-percent increase in prices for shelter. Additionally, increases in the medical care index (2.0 percent) and several others were moderated by decreases in the indexes for household furnishings and operations (-0.7 percent) and recreation (-0.4 percent).

 

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index (not seasonally adjusted)
Month 2009 2010 2011 2012 2013 2014
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.2 0.5 0.4 3.0 0.4 1.6 0.4 2.9 0.3 1.8 0.6 1.5

February

0.6 0.7 0.0 2.5 0.5 2.0 0.4 2.8 0.6 2.0 0.1 1.0

March

0.2 0.2 0.3 2.6 0.8 2.5 0.5 2.5 0.0 1.5 0.5 1.5

April

0.2 -0.1 0.2 2.5 0.5 2.8 0.3 2.3 -0.1 1.1 0.0 1.6

May

0.1 -0.8 0.2 2.6 0.5 3.2 -0.1 1.7 0.0 1.2 0.4 2.0

June

0.8 -1.2 -0.1 1.7 0.1 3.4 -0.2 1.5 0.1 1.5 0.0 1.9

July

0.1 -1.9 0.0 1.6 0.2 3.6 -0.1 1.1 0.2 1.8 0.1 1.8

August

0.3 -1.2 0.1 1.4 0.3 3.8 0.5 1.3 0.2 1.5 -0.3 1.3

September

0.1 -0.7 -0.1 1.2 0.1 4.0 0.5 1.7 0.1 1.1 0.0 1.2

October

0.0 0.2 0.3 1.5 -0.1 3.6 0.1 1.9 -0.4 0.7 -0.2 1.4

November

0.2 2.0 0.2 1.5 -0.1 3.2 0.2 1.8 0.1 1.0    

December

-0.1 2.8 0.0 1.6 -0.3 2.9 -0.3 1.8 0.0 1.3    

The November 2014 Consumer Price Index for the Northeast region is scheduled to be released on December 17, 2014, at 8:30 a.m. (ET).


Technical Note

The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed market basket of goods and services. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 percent of the total population. The CPI-U includes, in addition to wage earners and clerical workers, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.

The CPI is based on prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors’ and dentists’ services, drugs, and the other goods and services that people buy for day-to-day living. Each month, prices are collected in 87 urban areas across the country from about 4,000 housing units and approximately 26,000 retail establishments—department stores, supermarkets, hospitals, filling stations, and other types of stores and service establishments. All taxes directly associated with the purchase and use of items are included in the index.

The index measures price changes from a designated reference date (1982-84) that equals 100.0. An increase of 16.5 percent, for example, is shown as 116.5. This change can also be expressed in dollars as follows: the price of a base period “market basket” of goods and services in the CPI has risen from $10 in 1982-84 to $11.65. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, available on the Internet at www.bls.gov/opub/hom/homch17_a.htm.

In calculating the index, price changes for the various items in each location are averaged together with weights that represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. Because the sample size of a local area is smaller, the local area index is subject to substantially more sampling and other measurement error than the national index. In addition, local indexes are not adjusted for seasonal influences. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. NOTE: Area indexes do not measure differences in the level of prices between cities; they only measure the average change in prices for each area since the base period.

The Northeast region is comprised of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service:  1-800-877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Northeast (1982-84=100 unless otherwise noted)
Expenditure category Indexes Percent change from
 
Historical
data
Aug.
2014
Sep.
2014
Oct.
2014
Oct.
2013
Aug.
2014
Sep.
2014

All items

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253.185 253.154 252.730 1.4 -0.2 -0.2

All items (December 1977 = 100)

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398.688 398.640 397.972      
 

Food and beverages

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248.184 249.219 249.505 2.7 0.5 0.1

Food

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248.085 249.189 249.557 2.8 0.6 0.1

Food at home

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245.799 247.131 247.358 2.8 0.6 0.1

Food away from home

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254.568 255.348 255.929 2.9 0.5 0.2

Alcoholic beverages

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248.276 248.417 247.664 1.0 -0.2 -0.3
 

Housing

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262.659 262.092 261.938 2.0 -0.3 -0.1

Shelter

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318.800 318.842 319.396 2.6 0.2 0.2

Rent of primary residence (1)

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318.041 318.594 319.098 2.5 0.3 0.2

Owners' equivalent rent of residences (1) (2)

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329.624 330.115 330.397 2.3 0.2 0.1

Owners' equivalent rent of primary residence (1) (2)

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329.482 329.971 330.250 2.2 0.2 0.1

Fuels and utilities

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225.661 221.569 217.529 -0.3 -3.6 -1.8

Household energy

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203.648 199.225 194.932 -0.9 -4.3 -2.2

Energy services (1)

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193.235 188.904 185.338 0.0 -4.1 -1.9

Electricity (1)

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199.230 194.473 191.398 3.0 -3.9 -1.6

Utility (piped) gas service (1)

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168.181 165.094 160.580 -7.2 -4.5 -2.7

Household furnishings and operations

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124.391 124.274 124.555 -0.7 0.1 0.2
 

Apparel

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129.552 134.297 135.262 1.2 4.4 0.7
 

Transportation

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217.996 215.981 213.407 -0.6 -2.1 -1.2

Private transportation

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210.969 208.854 205.838 -0.5 -2.4 -1.4

New and used motor vehicles (3)

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98.967 98.456 98.143 -0.3 -0.8 -0.3

New vehicles

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144.379 144.073 144.345 0.6 0.0 0.2

New cars and trucks (3) (4)

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100.016 99.805 99.997 0.6 0.0 0.2

New cars (4)

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137.473 136.765 137.102 -0.7 -0.3 0.2

Used cars and trucks

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160.768 158.793 155.450 -0.9 -3.3 -2.1

Motor fuel

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297.424 289.733 275.024 -4.4 -7.5 -5.1

Gasoline (all types)

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296.181 288.488 273.775 -4.3 -7.6 -5.1

Gasoline, unleaded regular (4)

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296.513 288.556 273.259 -4.6 -7.8 -5.3

Gasoline, unleaded midgrade (4) (5)

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304.395 297.328 283.490 -3.5 -6.9 -4.7

Gasoline, unleaded premium (4)

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289.786 283.400 270.987 -3.4 -6.5 -4.4
 

Medical care

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455.688 457.252 457.876 2.0 0.5 0.1

Medical care commodities

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371.018 373.091 373.277 1.9 0.6 0.0

Medical care services

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478.958 480.327 481.094 2.1 0.4 0.2

Professional services

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353.313 354.163 355.024 1.0 0.5 0.2
 

Recreation (3)

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119.552 119.424 119.389 -0.4 -0.1 0.0
 

Education and communication (3)

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138.465 138.767 138.258 0.2 -0.1 -0.4
 

Other goods and services

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440.729 442.129 444.767 2.0 0.9 0.6
 

Commodity and service group

 

Commodities

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195.065 195.291 194.139 0.4 -0.5 -0.6

Commodities less food and beverages

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164.205 164.073 162.349 -1.1 -1.1 -1.1

Nondurables less food and beverages

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214.094 214.409 211.218 -1.0 -1.3 -1.5

Durables

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108.628 108.116 107.800 -1.2 -0.8 -0.3

Services

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310.073 309.809 310.037 1.9 0.0 0.1
 

Special aggregate indexes

 

All items less shelter

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231.075 231.017 230.220 0.7 -0.4 -0.3

All items less medical care

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244.248 244.152 243.685 1.3 -0.2 -0.2

Commodities less food

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167.405 167.281 165.581 -1.0 -1.1 -1.0

Nondurables

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231.993 232.652 231.082 0.9 -0.4 -0.7

Nondurables less food

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216.014 216.318 213.275 -0.9 -1.3 -1.4

Services less rent of shelter (2)

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311.577 310.975 310.845 1.2 -0.2 0.0

Services less medical care services

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298.323 297.963 298.157 1.9 -0.1 0.1

Energy

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242.939 237.149 228.510 -2.7 -5.9 -3.6

All items less energy

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256.702 257.267 257.690 1.8 0.4 0.2

All items less food and energy

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259.895 260.369 260.804 1.6 0.3 0.2

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
 

Note: Index applies to a month as a whole, not to any specific date.
 

 

Last Modified Date: Thursday, November 20, 2014