News Release Information

14–1365–NEW

Tuesday, July 22, 2014

Contacts

Technical information:
Media contact:
  • Martin Kohli (646) 264-3620

Consumer Price Index, Northeast Region – June 2014

Regional prices unchanged over the month and up 1.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast was unchanged in June, the U.S. Bureau of Labor Statistics reported today. Martin Kohli, the Bureau’s chief regional economist, noted that the all items less food and energy index was also unchanged, while both the energy index (-0.2 percent) and the food index (-0.1 percent) declined slightly over the month. (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 1.9 percent, due mainly to an advance in the all items less food and energy index, up 1.7 percent. (See chart 1 and table A.) The energy and food indexes also rose since June 2013, up 3.9 and 1.7 percent, respectively. (See table 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Northeast region, June 2011 to June 2014 (not seasonally adjusted)

Food

Over the month, food prices inched down 0.1 percent. Following a 1.1-percent increase in May, food at home prices declined 0.3 percent in June. Prices for food away from home increased 0.3 percent since May.

Over the year, the food index rose 1.7 percent. Similarly, prices for the food at home component advanced 1.7 percent and those for food away from home, 1.8 percent since June 2013.

Energy

The energy index, which includes prices for household and transportation fuels, edged down 0.2 percent over the month. Prices for utility (piped) gas service decreased 2.8 percent; gasoline prices edged down 0.2 percent. An increase in electricity prices (1.4 percent) moderated the overall decline in the energy index since May.

The energy index increased 3.9 percent over the year, due largely to higher prices for gasoline (4.5 percent); electricity prices also rose, up 4.0 percent. Utility (piped) gas service prices declined 0.9 percent since June 2013.

All items less food and energy

The index for all items less food and energy was unchanged over the month. A seasonal decrease in apparel prices (-1.8 percent) was offset by price increases for household furnishings and operations (0.4 percent) and recreation (0.2 percent), among others. Prices for shelter were unchanged since May.

The all items less food and energy index rose 1.7 percent over the year. The advance primarily reflected a 2.8-percent increase in prices for shelter. Prices were lower in just two categories since June 2013: household furnishings and operations prices were down 1.7 percent and those for new and used motor vehicles, 0.2 percent.

The July 2014 Consumer Price Index for the Northeast region is scheduled to be released on August 19, 2014, at 8:30 a.m. (ET).
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    

August

0.3 -1.2 0.1 1.4 0.3 3.8 0.5 1.3 0.2 1.5    

September

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

October

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

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    

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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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: 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)(not seasonally adjusted)
Item and Group Indexes Percent change from-
April
2014
May
2014
June
2014
June
2013
April
2014
May
2014
 

Expenditure category

 
 

All items

252.506 253.598 253.555 1.9 0.4 0.0

All items (1967=100)

397.619 399.339 399.271      
 

Food and beverages

245.684 247.213 246.950 1.6 0.5 -0.1

Food

245.588 247.177 246.990 1.7 0.6 -0.1

Food at home

243.573 246.166 245.405 1.7 0.8 -0.3

Food away from home

251.638 251.756 252.418 1.8 0.3 0.3

Alcoholic beverages

245.756 246.507 245.270 0.1 -0.2 -0.5
 

Housing

261.192 262.198 262.333 2.4 0.4 0.1

Shelter

315.663 317.363 317.463 2.8 0.6 0.0

Rent of primary residence (1)

314.988 315.883 316.277 2.6 0.4 0.1

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

327.241 327.998 328.483 2.9 0.4 0.1

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

327.122 327.878 328.354 2.9 0.4 0.1

Fuels and utilities

228.207 228.329 228.188 3.2 0.0 -0.1

Household energy

206.834 206.958 206.745 3.2 0.0 -0.1

Energy servides (1)

194.829 195.715 196.193 2.5 0.7 0.2

Electricity (1)

190.794 197.344 200.176 4.0 4.9 1.4

Utility (piped) gas service (1)

193.132 180.727 175.675 -0.9 -9.0 -2.8

Household furnishings and operations

125.586 124.936 125.424 -1.7 -0.1 0.4
 

Apparel

130.628 130.688 128.287 0.3 -1.8 -1.8
 

Transportation

220.139 222.368 222.575 2.2 1.1 0.1

Private transportation

212.500 214.024 213.805 2.1 0.6 -0.1

New and used motor vehicles (3)

98.809 98.853 98.730 -0.2 -0.1 -0.1

New vehicles

144.921 144.771 144.637 0.8 -0.2 -0.1

New cars and trucks (3) (4)

100.391 100.298 100.204 0.8 -0.2 -0.1

New cars (3)

138.504 138.430 138.154 -0.3 -0.3 -0.2

Used cars and trucks

157.903 158.953 159.423 -0.1 1.0 0.3

Motor fuel

305.244 312.055 311.420 4.6 2.0 -0.2

Gasoline (all types)

303.824 310.727 310.142 4.5 2.1 -0.2

Gasoline, unleaded regular (4)

305.000 311.958 311.375 4.7 2.1 -0.2

Gasoline, unleaded midgrade (4) (5)

309.451 316.199 315.618 4.1 2.0 -0.2

Gasoline, unleaded premium (5)

294.380 300.957 300.484 4.0 2.1 -0.2
 

Medical care

453.094 455.144 455.224 1.6 0.5 0.0

Medical care commodities

366.828 367.258 369.352 0.7 0.7 0.6

Medical care services

476.951 479.534 478.916 1.9 0.4 -0.1

Professional services

351.468 352.693 353.137 0.7 0.5 0.1
 

Recreation (3)

120.427 120.197 120.489 0.4 0.1 0.2
 

Education and communication (3)

137.623 137.517 137.512 0.9 -0.1 0.0
 

Other goods and services

438.977 439.354 440.226 2.3 0.3 0.2
 

Commodity and service group

 
 

All items

252.506 253.598 253.555 1.9 0.4 0.0

Commodities

195.718 196.497 196.076 1.2 0.2 -0.2

Commodities less food and beverages

166.186 166.611 166.140 0.9 0.0 -0.3

Nondurables less food and beverages

216.999 218.247 217.350 2.0 0.2 -0.4

Nondurables less food, beverages, and apparel

284.000 286.086 286.126 2.5 0.7 0.0

Durables

109.659 109.334 109.269 -1.1 -0.4 -0.1

Services

308.177 309.570 309.869 2.3 0.5 0.1

Rent of shelter (2)

330.176 331.972 332.084 2.8 0.6 0.0

Transportation services

273.438 275.889 277.036 1.8 1.3 0.4

Other services

352.781 352.911 353.438 1.6 0.2 0.1
 

Special aggregate indexes

 
 

All items less medical care

243.649 244.699 244.652 1.9 0.4 0.0

All items less food

254.077 255.093 255.073 1.9 0.4 0.0

All items less shelter

231.317 232.191 232.094 1.5 0.3 0.0

Commodities less food

169.258 169.695 169.198 0.8 0.0 -0.3

Nondurables

232.360 233.752 233.148 1.8 0.3 -0.3

Nondurables less food

218.589 219.807 218.890 1.9 0.1 -0.4

Nondurables less food and apparel

278.083 280.022 279.938 2.3 0.7 0.0

Services less rent of shelter (2)

311.008 312.092 312.615 1.8 0.5 0.2

Services less medical care services

296.443 297.758 298.110 2.4 0.6 0.1

Energy

248.059 250.971 250.581 3.9 1.0 -0.2

All items less energy

255.415 256.329 256.322 1.7 0.4 0.0

All items less food and energy

258.817 259.616 259.641 1.7 0.3 0.0

Commodities less food and energy commodities

151.291 151.030 150.646 -0.4 -0.4 -0.3

Energy commodities

317.958 323.183 321.849 4.8 1.2 -0.4

Services less energy services

319.352 320.796 321.076 2.3 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) 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.
The Northeast region is comprised of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.

 

Last Modified Date: July 22, 2014