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16-1503-PHI
Friday, July 15, 2016

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Consumer Price Index, Northeast Region – June 2016

Regional prices up 0.2 percent over the month and 0.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast edged up 0.2 percent in June, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent increase was due to a 2.3-percent rise in the energy index and a 0.1-percent advance in the all items less food and energy index. Partially offsetting the overall increase was a one-month decrease in the food index, down 0.1 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 to a 1.9-percent advance in the all items less food and energy index. (See chart 1 and table A.) The over-the-year increase was moderated by a 9.7-percent decline in the energy index. The food index was unchanged since June 2015. (See table 1.)

Food

The food index inched down 0.1 percent since May. Prices for one of its two components, food at home, decreased 0.3 percent, while prices for the other, food away from home, increased 0.3 percent over the month.

From June 2015 to June 2016, the food index was unchanged. Prices for food at home decreased 1.9 percent over the year, while those for food away from home increased 2.6 percent.

Energy

The energy index, which includes prices for household and transportation fuels, increased 2.3 percent since May, due mostly to a 3.1-percent rise in electricity prices and a 2.1-percent rise in gasoline prices. Utility (piped) gas service prices also rose over the month, up 0.3 percent.

The energy index fell 9.7 percent since June 2015, led by a 14.7-percent drop in gasoline prices. Prices for electricity and utility (piped) gas service also decreased over the year, down 3.5 and 1.1 percent, respectively.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent in June, led by higher prices for shelter (0.4 percent). Prices for medical care also increased, up 0.5 percent over the month. Nearly offsetting the increase in the all items less food and energy index was a 2.7-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 (2.9 percent). Prices were also higher over the year for other categories including medical care (4.1 percent) and education and communication (2.0 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    

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 July 2016 is scheduled to be released Tuesday, August 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
Apr.
2016
May
2016
Jun.
2016
Jun.
2015
Apr.
2016
May
2016

All items

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254.270 255.021 255.532 0.8 0.5 0.2

All items (December 1977 = 100)

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400.397 401.581 402.384      
 

Food and beverages

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253.098 251.988 251.811 0.0 -0.5 -0.1

Food

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253.153 252.040 251.891 0.0 -0.5 -0.1

Food at home

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247.349 245.302 244.570 -1.9 -1.1 -0.3

Food away from home

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265.001 265.316 266.064 2.6 0.4 0.3

Alcoholic beverages

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251.194 250.139 249.592 0.4 -0.6 -0.2
 

Housing

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267.721 268.462 269.752 1.7 0.8 0.5

Shelter

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331.180 332.503 333.809 2.9 0.8 0.4

Rent of primary residence (1)

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332.609 333.497 333.885 2.9 0.4 0.1

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

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342.984 343.877 345.267 2.8 0.7 0.4

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

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342.709 343.604 344.991 2.8 0.7 0.4

Fuels and utilities

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206.666 205.628 209.618 -3.6 1.4 1.9

Household energy

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181.920 180.656 184.895 -5.1 1.6 2.3

Energy services (1)

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185.770 183.015 187.310 -3.0 0.8 2.3

Electricity (1)

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196.766 193.940 199.940 -3.5 1.6 3.1

Utility (piped) gas service (1)

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149.311 146.902 147.273 -1.1 -1.4 0.3

Household furnishings and operations

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122.538 122.689 122.032 -2.1 -0.4 -0.5
 

Apparel

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132.911 132.910 129.357 0.4 -2.7 -2.7
 

Transportation

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195.913 199.134 199.495 -3.5 1.8 0.2

Private transportation

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186.608 189.500 189.906 -3.9 1.8 0.2

New and used motor vehicles (3)

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97.946 98.010 97.405 -1.4 -0.6 -0.6

New vehicles

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145.410 145.390 145.220 -0.5 -0.1 -0.1

New cars and trucks (3) (4)

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100.740 100.720 100.601 -0.5 -0.1 -0.1

New cars (4)

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137.174 136.986 136.206 -1.6 -0.7 -0.6

Used cars and trucks

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154.668 154.544 153.492 -3.1 -0.8 -0.7

Motor fuel

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181.944 194.905 199.089 -14.8 9.4 2.1

Gasoline (all types)

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181.275 194.228 198.374 -14.7 9.4 2.1

Gasoline, unleaded regular (4)

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178.765 191.798 195.996 -15.5 9.6 2.2

Gasoline, unleaded midgrade (4) (5)

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194.214 207.412 211.598 -12.1 9.0 2.0

Gasoline, unleaded premium (4)

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191.315 203.184 206.724 -11.0 8.1 1.7
 

Medical care

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482.472 484.043 486.391 4.1 0.8 0.5

Medical care commodities

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383.681 386.506 392.462 3.9 2.3 1.5

Medical care services

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510.297 511.420 512.509 4.2 0.4 0.2

Professional services

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369.611 370.515 371.300 2.4 0.5 0.2
 

Recreation (3)

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121.453 121.149 121.264 -0.3 -0.2 0.1
 

Education and communication (3)

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140.887 140.730 140.844 2.0 0.0 0.1
 

Other goods and services

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459.280 458.073 459.081 1.6 0.0 0.2
 

Commodity and service group

 

Commodities

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185.241 185.990 185.727 -2.3 0.3 -0.1

Commodities less food and beverages

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148.423 149.887 149.603 -3.9 0.8 -0.2

Nondurables less food and beverages

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184.211 187.635 187.694 -4.7 1.9 0.0

Durables

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106.343 106.142 105.620 -2.3 -0.7 -0.5

Services

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321.041 321.813 323.018 2.4 0.6 0.4
 

Special aggregate indexes

 

All items less shelter

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227.908 228.455 228.676 -0.4 0.3 0.1

All items less medical care

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244.247 244.963 245.392 0.5 0.5 0.2

Commodities less food

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152.128 153.527 153.235 -3.7 0.7 -0.2

Nondurables

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218.360 219.678 219.626 -2.2 0.6 0.0

Nondurables less food

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188.127 191.284 191.307 -4.3 1.7 0.0

Services less rent of shelter (2)

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321.303 321.504 322.633 1.8 0.4 0.4

Services less medical care services

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307.983 308.730 309.940 2.2 0.6 0.4

Energy

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182.145 186.534 190.756 -9.7 4.7 2.3

All items less energy

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264.208 264.601 264.741 1.6 0.2 0.1

All items less food and energy

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267.868 268.516 268.707 1.9 0.3 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: Friday, July 15, 2016