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16-1716-PHI
Tuesday, August 16, 2016

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Consumer Price Index, Northeast Region – July 2016

Regional prices unchanged over the month; up 0.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast was unchanged in July, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that a decrease in the energy index (-1.9 percent) was offset by increases in the all items less food and energy index (0.1 percent) and the food index (0.2 percent). (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 Northeast all items CPI-U increased 0.8 percent, due mostly to a 1.9-percent advance in the all items less food and energy index. (See chart 1 and table A.) The food index also increased over the year, up 0.2 percent, while the energy index declined 9.6 percent. (See table 1.)

Food

The food index edged up 0.2 percent since June. Prices for its two components, food away from home and food at home, both increased over the month, up 0.3 and 0.1 percent, respectively.  

From July 2015 to July 2016, the food index edged up 0.2 percent. Prices for food away from home increased 2.6 percent over the year, while those for food at home decreased 1.5 percent.

Energy

The energy index, which includes prices for household and transportation fuels, decreased 1.9 percent since June, due mostly to a 4.1-percent decline in gasoline prices. Prices also fell for electricity, down 1.0 percent, while prices rose for utility (piped) gas service, up 1.6 percent. 

The energy index fell 9.6 percent since July 2015, led by a 17.8-percent drop in gasoline prices. Prices for electricity also decreased over the year, down 0.7 percent, while prices increased for utility (piped) gas service, up 2.8 percent.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent in July, led by higher prices for shelter (0.5 percent). Prices for medical care also increased, up 0.4 percent over the month. Nearly offsetting the increase in the all items less food and energy index was a 1.7-percent seasonal decrease in apparel prices, among others.

Over the year, the index for all items less food and energy increased 1.9 percent, led by higher prices for shelter (2.8 percent). Prices were also higher over the year for medical care (4.5 percent), education and communication (1.6 percent), and other goods and services (2.4 percent).

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 2.9 0.3 1.8 0.6 1.5 -0.2 -0.4 0.0 0.7

February

0.4 2.8 0.6 2.0 0.1 1.0 0.2 -0.2 0.2 0.7

March

0.5 2.5 0.0 1.5 0.5 1.5 0.3 -0.4 0.2 0.6

April

0.3 2.3 -0.1 1.1 0.0 1.6 0.1 -0.3 0.6 1.0

May

-0.1 1.7 0.0 1.2 0.4 2.0 0.4 -0.3 0.3 0.9

June

-0.2 1.5 0.1 1.5 0.0 1.9 0.3 0.0 0.2 0.8

July

-0.1 1.1 0.2 1.8 0.1 1.8 -0.1 -0.2 0.0 0.8

August

0.5 1.3 0.2 1.5 -0.3 1.3 -0.2 -0.1    

September

0.5 1.7 0.1 1.1 0.0 1.2 0.0 -0.1    

October

0.1 1.9 -0.4 0.7 -0.2 1.4 -0.2 -0.1    

November

-0.2 1.8 0.1 1.0 -0.4 0.9 0.0 0.3    

December

-0.3 1.8 0.0 1.3 -0.5 0.4 -0.4 0.5    

The Consumer Price Index for August 2016 is scheduled to be released Friday, September 16, 2016, 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 approximately 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/pdf/homch17.pdf.

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: (800) 877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, Northeast Region, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
 
Historical
data
May
2016
Jun.
2016
Jul.
2016
Jul.
2015
May
2016
Jun.
2016

All items

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255.021 255.532 255.449 0.8 0.2 0.0

All items (December 1977 = 100)

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401.581 402.384 402.255      
 

Food and beverages

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251.988 251.811 252.342 0.2 0.1 0.2

Food

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252.040 251.891 252.378 0.2 0.1 0.2

Food at home

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245.302 244.570 244.816 -1.5 -0.2 0.1

Food away from home

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265.316 266.064 266.926 2.6 0.6 0.3

Alcoholic beverages

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250.139 249.592 250.699 0.3 0.2 0.4
 

Housing

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268.462 269.752 270.407 1.9 0.7 0.2

Shelter

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332.503 333.809 335.313 2.8 0.8 0.5

Rent of primary residence (1)

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333.497 333.885 334.853 2.8 0.4 0.3

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

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343.877 345.267 346.019 2.9 0.6 0.2

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

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343.604 344.991 345.739 2.9 0.6 0.2

Fuels and utilities

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205.628 209.618 208.943 -1.3 1.6 -0.3

Household energy

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180.656 184.895 184.098 -2.2 1.9 -0.4

Energy services (1)

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183.015 187.310 186.676 0.1 2.0 -0.3

Electricity (1)

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193.940 199.940 197.943 -0.7 2.1 -1.0

Utility (piped) gas service (1)

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146.902 147.273 149.579 2.8 1.8 1.6

Household furnishings and operations

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122.689 122.032 120.854 -2.0 -1.5 -1.0
 

Apparel

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132.910 129.357 127.212 -0.2 -4.3 -1.7
 

Transportation

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199.134 199.495 197.243 -4.0 -0.9 -1.1

Private transportation

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189.500 189.906 188.370 -4.5 -0.6 -0.8

New and used motor vehicles (3)

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98.010 97.405 97.594 -1.0 -0.4 0.2

New vehicles

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145.390 145.220 145.629 0.1 0.2 0.3

New cars and trucks (3) (4)

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100.720 100.601 100.885 0.1 0.2 0.3

New cars (4)

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136.986 136.206 136.594 -1.0 -0.3 0.3

Used cars and trucks

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154.544 153.492 152.541 -3.8 -1.3 -0.6

Motor fuel

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194.905 199.089 190.982 -17.8 -2.0 -4.1

Gasoline (all types)

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194.228 198.374 190.233 -17.8 -2.1 -4.1

Gasoline, unleaded regular (4)

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191.798 195.996 187.561 -18.6 -2.2 -4.3

Gasoline, unleaded midgrade (4) (5)

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207.412 211.598 204.866 -15.1 -1.2 -3.2

Gasoline, unleaded premium (4)

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203.184 206.724 200.745 -13.8 -1.2 -2.9
 

Medical care

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484.043 486.391 488.465 4.5 0.9 0.4

Medical care commodities

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386.506 392.462 393.316 3.9 1.8 0.2

Medical care services

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511.420 512.509 514.973 4.6 0.7 0.5

Professional services

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370.515 371.300 374.076 3.2 1.0 0.7
 

Recreation (3)

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121.149 121.264 120.913 -0.5 -0.2 -0.3
 

Education and communication (3)

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140.730 140.844 140.870 1.6 0.1 0.0
 

Other goods and services

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458.073 459.081 463.534 2.4 1.2 1.0
 

Commodity and service group

 

Commodities

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185.990 185.727 184.764 -2.5 -0.7 -0.5

Commodities less food and beverages

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149.887 149.603 148.082 -4.3 -1.2 -1.0

Nondurables less food and beverages

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187.635 187.694 184.975 -5.5 -1.4 -1.4

Durables

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106.142 105.620 105.176 -2.3 -0.9 -0.4

Services

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321.813 323.018 323.713 2.6 0.6 0.2
 

Special aggregate indexes

 

All items less shelter

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228.455 228.676 228.008 -0.3 -0.2 -0.3

All items less medical care

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244.963 245.392 245.212 0.5 0.1 -0.1

Commodities less food

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153.527 153.235 151.781 -4.1 -1.1 -0.9

Nondurables

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219.678 219.626 218.415 -2.5 -0.6 -0.6

Nondurables less food

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191.284 191.307 188.817 -5.1 -1.3 -1.3

Services less rent of shelter (2)

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321.504 322.633 322.490 2.3 0.3 0.0

Services less medical care services

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308.730 309.940 310.518 2.4 0.6 0.2

Energy

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186.534 190.756 187.052 -9.6 0.3 -1.9

All items less energy

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264.601 264.741 265.024 1.7 0.2 0.1

All items less food and energy

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268.516 268.707 268.957 1.9 0.2 0.1

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: Tuesday, August 16, 2016