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15-1016-NEW
Friday, May 22, 2015

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Consumer Price Index, New York-Northern New Jersey – April 2015

Area prices up 0.1 percent over the month and unchanged over the year

Prices in the New York-Northern New Jersey-Long Island area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), inched up 0.1 percent in April, after a 0.2-percent increase in March, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that higher prices for shelter were largely offset by lower prices for apparel and energy. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the year, the CPI-U was unchanged. (See table A.) In contrast, the all items less food and energy index advanced 1.6 percent. (See chart 1 and table 1.)

 Chart 1. Over-the-year percent change in CPI-U, New York-Northern New Jersey-Long Island, April 2012-April 2015

 

Food

The food index edged up 0.3 percent in April, after no change in March. The recent increase was due to higher prices for food at home, up 0.5 percent. Rising grocery prices were led by citrus fruits and carbonated drinks. Prices for food away from home were unchanged over the month.

For the year ended April 2015, the food index rose 2.9 percent. Prices for food at home also increased 2.9 percent, and prices for food away from home advanced 3.0 percent.

Energy

The energy index fell 0.4 percent, marking the ninth decline in ten months. Lower prices for fuel oil and natural gas were responsible for the April decrease. Natural gas prices were down 4.7 percent, their fourth consecutive decline. Prices for electricity rose 0.9 percent after an 11.6-percent drop in March. Gasoline prices increased 1.4 percent.

From April 2014 to April 2015, the energy index fell 21.0 percent, due primarily to lower prices for gasoline, down 32.8 percent. Among the household energy components, prices dropped 25.3 percent for natural gas, but rose 0.3 percent for electricity.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent, its fourth consecutive increase. Prices for shelter rose 0.3 percent, reflecting higher prices for owners’ equivalent rent (0.3 percent). The index for residential rent was unchanged. Prices for intracity public transportation increased, as did prices for used cars and trucks. Moderating the advance in the all items less food and energy group was a seasonal decline in apparel prices, down 2.0 percent.

Over the year, the index for all items less food and energy advanced 1.6 percent. Prices for shelter increased 2.3 percent, with residential rent up 2.5 percent. Higher prices were also recorded for medical care (3.8 percent) and for apparel (3.7 percent).

Table A. New York-Northern New Jersey-Long Island CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month 2010 2011 2012 2013 2014 2015
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 2.4 0.3 1.5 0.4 2.8 0.5 2.2 0.9 1.9 0.1 -0.5

February

0.0 1.8 0.5 2.1 0.4 2.6 0.6 2.4 -0.2 1.1 0.3 0.1

March

0.5 2.1 0.7 2.3 0.6 2.6 0.1 1.9 0.4 1.3 0.2 -0.1

April

0.2 2.1 0.4 2.5 0.2 2.4 -0.2 1.4 0.0 1.6 0.1 0.0

May

0.2 2.2 0.6 2.9 0.1 1.8 0.1 1.4 0.5 1.9    

June

-0.1 1.5 0.2 3.2 -0.1 1.6 0.3 1.8 0.0 1.7    

July

0.1 1.5 0.3 3.3 -0.2 1.1 0.2 2.1 0.1 1.6    

August

0.2 1.4 0.4 3.5 0.6 1.4 0.1 1.7 -0.2 1.3    

September

0.0 1.2 0.2 3.8 0.4 1.6 0.3 1.6 0.0 1.0    

October

0.2 1.5 -0.2 3.3 -0.1 1.7 -0.6 1.1 -0.2 1.3    

November

0.0 1.3 -0.3 3.0 0.0 2.0 0.1 1.2 -0.4 0.8    

December

0.0 1.4 -0.4 2.7 -0.3 2.1 0.0 1.5 -0.5 0.3    

CPI-W

In April, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 254.699, up 0.1 percent over the month. The CPI-W decreased 0.5 percent over the year.

The May 2015 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released Thursday, June 18, 2015, 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 6,000 housing units and approximately 24,000 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 New York-Northern New Jersey-Long Island, N.Y.-N.J.-Conn.-Pa. consolidated area covered in this release is comprised of Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, Middlesex, and New Haven Counties in Connecticut; and Pike County in Pennsylvania.

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, New York-Northern N.J.-Long Island, NY-NJ-CT-PA (1982-84=100 unless otherwise noted)(not seasonally adjusted)
Item and Group Indexes Percent change from-
Feb.
2015
March
2015
April
2015
April
2014
Feb.
2015
March
2015
 

Expenditure category

 
 

All items

259.240 259.647 259.959 0.0 0.3 0.1

All items (1967=100)

749.427 750.602 751.506      
 

Food and beverages

255.084 255.006 255.607 2.8 0.2 0.2

Food

255.143 255.119 255.844 2.9 0.3 0.3

Food at home

254.665 254.523 255.717 2.9 0.4 0.5

Food away from home

262.549 262.687 262.786 3.0 0.1 0.0

Alcoholic beverages

249.770 248.862 247.573 0.8 -0.9 -0.5
 

Housing

278.464 277.589 277.917 0.8 -0.2 0.1

Shelter

345.326 346.221 347.220 2.3 0.5 0.3

Rent of primary residence (1)

354.447 355.451 355.424 2.5 0.3 0.0

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

352.115 352.207 353.401 2.0 0.4 0.3

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

351.807 351.892 353.084 2.0 0.4 0.3

Fuels and utilities

200.293 188.475 185.959 -9.0 -7.2 -1.3

Household energy

195.143 181.895 179.013 -10.7 -8.3 -1.6

Energy services (1)

187.300 170.128 169.186 -7.7 -9.7 -0.6

Electricity (1)

208.720 184.474 186.216 0.3 -10.8 0.9

Utility (piped) gas service (1)

138.131 135.968 129.536 -25.3 -6.2 -4.7

Household furnishings and operations

114.639 115.631 115.676 -2.2 0.9 0.0
 

Apparel

130.143 133.591 130.901 3.7 0.6 -2.0
 

Transportation

209.192 211.781 213.655 -8.3 2.1 0.9

Private transportation

194.813 197.858 199.197 -9.5 2.3 0.7

Motor fuel

180.288 191.928 194.608 -32.8 7.9 1.4

Gasoline (all types)

179.378 190.960 193.665 -32.8 8.0 1.4

Gasoline, unleaded regular (3)

178.227 190.222 192.992 -33.7 8.3 1.5

Gasoline, unleaded midgrade (3) (4)

188.485 198.829 201.630 -30.3 7.0 1.4

Gasoline, unleaded premium (3)

190.029 199.369 201.850 -28.9 6.2 1.2
 

Medical care

447.319 449.783 450.538 3.8 0.7 0.2
 

Recreation (5)

119.039 119.547 119.508 0.4 0.4 0.0
 

Education and communication (5)

140.539 140.362 140.234 -0.3 -0.2 -0.1
 

Other goods and services

399.661 400.869 400.334 0.1 0.2 -0.1
 

Commodity and service group

 
 

All items

259.240 259.647 259.959 0.0 0.3 0.1

Commodities

187.354 189.283 189.087 -3.0 0.9 -0.1

Commodities less food and beverages

145.400 148.198 147.628 -7.3 1.5 -0.4

Nondurables less food and beverages

180.643 185.769 184.203 -10.1 2.0 -0.8

Durables

99.524 99.718 100.222 -1.5 0.7 0.5

Services

320.460 319.670 320.389 1.4 0.0 0.2
 

Special aggregate indexes

 
 

All items less medical care

251.053 251.379 251.673 -0.3 0.2 0.1

All items less shelter

225.401 225.604 225.628 -1.4 0.1 0.0

Commodities less food

149.440 152.149 151.555 -7.0 1.4 -0.4

Nondurables

219.436 222.118 221.579 -3.3 1.0 -0.2

Nondurables less food

184.942 189.761 188.205 -9.4 1.8 -0.8

Services less rent of shelter (2)

304.297 301.477 301.887 0.3 -0.8 0.1

Services less medical care services

310.427 309.437 310.166 1.2 -0.1 0.2

Energy

192.180 188.255 187.458 -21.0 -2.5 -0.4

All items less energy

267.544 268.367 268.788 1.8 0.5 0.2

All items less food and energy

271.518 272.499 272.868 1.6 0.5 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) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

Note: Index applies to a month as a whole, not to any specific date.
The New York-Northern New Jersey-Long Island, NY-NJ-CT-PA consolidated area comprises the five boroughs of New York City, Nassau, Suffolk, Westchester, Rockland, Putnam, Dutchess, and Orange Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Monmouth, Middlesex, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, New Haven, and Middlesex Counties in Connecticut; and Pike County in Pennsylvania.
 

 

Last Modified Date: Friday, May 22, 2015