News Release Information

14–77–NEW

Thursday, January 16, 2014

Contacts

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

Consumer Price Index, New York-Northern New Jersey – December 2013

Area prices unchanged over the month and up 1.5 percent 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), were flat in December, after inching up 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli said that a rise in prices for energy was offset by a fall in prices for other items, including apparel. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U increased 1.5 percent, and the index for all items less food and energy rose 1.9 percent. (See chart 1. and table A. ) The 12-month increase in both indexes was primarily attributable to higher prices for shelter.

Chart 1. Over-the-year percent change in CPI-U, New York-Northern New Jersey-Long Island, December 2010-December 2013

Food

The food index was unchanged in December, after ticking up 0.1 percent in November. Prices for food at home dipped 0.1 percent, with a reduction in prices for butter and margarine, as well as for lettuce and salad dressing. Prices for food away from home inched up 0.1 percent.

From December 2012 to December 2013, the food index increased 0.4 percent. (See table 1.) Prices for food away from home rose 1.2 percent, while prices for food at home fell 0.3 percent.

Energy

Following a 1.1-percent decline in November, the energy index advanced 2.8 percent, the largest increase in 14 months. Gasoline prices reversed a string of three consecutive declines, rising 3.2 percent. Household energy also contributed to the upturn, with price increases reported for electricity (3.1 percent), natural gas (1.0 percent), and fuel oil.

Over the year, energy prices decreased 1.0 percent. A 2.6-percent drop in gasoline prices outweighed a 0.5-percent rise in prices for household energy.

All items less food and energy

After increasing by the same amount in November, the index for all items less food and energy fell 0.3 percent, the largest decrease since December 2011. Often down in December with seasonal sales, apparel prices fell 4.0 percent. Other expenditure categories registering declines included education and communication (-0.4 percent), with lower prices reported for personal computers, recreation (-0.4 percent), and household furnishings and operations (-0.8 percent). Prices for new and leased vehicles also decreased. On the other hand, medical care and shelter each edged up 0.2 percent. Within shelter, residential rent advanced for the eighth consecutive month, rising 0.3 percent..

For the year ended in December 2013, the index for all items less food and energy rose 1.9 percent. A 2.8-percent increase in shelter prices partly reflected a 3.3-percent rise in residential rent. Medical care prices advanced 3.0 percent. Apparel prices, in contrast, decreased 0.7 percent.

Table A. New York-Northern New Jersey CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2008 2009 2010 2011 2012 2013
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.2 3.7 0.2 1.5 0.2 2.4 0.3 1.5 0.4 2.8 0.5 2.2

February

0.5 3.6 0.5 1.6 0.0 1.8 0.5 2.1 0.4 2.6 0.6 2.4

March

0.9 3.8 0.2 0.8 0.5 2.1 0.7 2.3 0.6 2.6 0.1 1.9

April

0.3 3.6 0.2 0.8 0.2 2.1 0.4 2.5 0.4 2.4 -0.2 1.4

May

1.0 4.0 0.2 -0.1 0.2 2.2 0.6 2.9 0.1 1.8 0.1 1.4

June

1.0 4.5 0.5 -0.6 -0.1 1.5 0.2 3.2 -0.1 1.6 0.3 1.8

July

0.7 5.1 0.2 -1.1 0.1 1.5 0.3 3.3 -0.2 1.1 0.2 2.1

August

0.1 5.4 0.3 -0.9 0.2 1.4 0.4 3.5 0.6 1.4 0.1 1.7

September

-0.2 5.2 0.1 -0.6 0.0 1.2 0.2 3.8 0.4 1.6 0.3 1.6

October

-0.7 4.3 -0.1 0.0 0.2 1.5 -0.2 3.3 -0.1 1.7 -0.6 1.1

November

-1.6 2.2 0.2 1.8 0.0 1.3 -0.3 3.0 0.0 2.0 0. 1 1.2

December

-0.6 1.6 -0.1 2.3 0.0 1.4 -0.4 2.7 -0.3 2.1 0.0 1.5

CPI-W

In December, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 253.088, virtually unchanged over the month. The CPI-W increased 1.4 percent over the year.

The January 2014 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Thursday, February 20, 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 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 25,000 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-
Oct.
2013
Nov.
2013
Dec.
2013
Dec.
2012
Oct.
2013
Nov.
2013
 

Expenditure category

 
 

All items

257.069 257.377 257.284 1.5 0.1 0.0

All items (1967=100)

743.150 744.042 743.771      
 

Food and beverages

246.279 246.469 246.411 0.4 0.1 0.0

Food

245.912 246.051 245.995 0.4 0.0 0.0

Food at home

246.255 245.405 245.138 -0.3 -0.5 -0.1

Food away from home

252.030 253.466 253.684 1.2 0.7 0.1

Alcoholic beverages

247.608 248.516 248.447 0.8 0.3 0.0
 

Housing

271.244 271.864 272.862 2.2 0.6 0.4

Shelter

334.321 335.492 336.321 2.8 0.6 0.2

Rent of primary residence (1)

341.629 342.262 343.180 3.3 0.5 0.3

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

341.929 343.427 344.227 2.9 0.7 0.2

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

341.759 343.260 344.054 2.9 0.7 0.2

Fuels and utilities

196.431 195.176 199.374 0.8 1.5 2.2

Household energy

191.642 190.259 194.914 0.5 1.7 2.4

Energy services (1)

175.731 173.756 178.029 1.1 1.3 2.5

Electricity (1)

178.410 180.746 186.307 7.4 4.4 3.1

Utility (piped) gas service (1)

165.024 154.540 156.121 -11.2 -5.4 1.0

Household furnishings and operations

118.865 118.992 118.010 -2.7 -0.7 -0.8
 

Apparel

128.599 126.696 121.634 -0.7 -5.4 -4.0
 

Transportation

228.844 230.151 230.241 1.1 0.6 0.0

Private transportation

215.657 215.192 217.198 0.5 0.7 0.9

Motor fuel

273.313 269.099 277.483 -2.6 1.5 3.1

Gasoline (all types)

272.028 267.737 276.211 -2.6 1.5 3.2

Gasoline, unleaded regular (3)

273.633 269.028 278.217 -2.5 1.7 3.4

Gasoline, unleaded midgrade (3) (4)

275.821 272.525 279.089 -3.1 1.2 2.4

Gasoline, unleaded premium (3)

271.835 268.330 275.063 -2.1 1.2 2.5
 

Medical care

426.844 426.429 427.350 3.0 0.1 0.2
 

Recreation (5)

119.264 119.388 118.869 0.6 -0.3 -0.4
 

Education and communication (5)

141.379 141.389 140.825 1.0 -0.4 -0.4
 

Other goods and services

398.320 396.020 395.774 0.5 -0.6 -0.1
 

Commodity and service group

 
 

All items

257.069 257.377 257.284 1.5 0.1 0.0

Commodities

193.053 192.457 192.068 -0.4 -0.5 -0.2

Commodities less food and beverages

157.796 156.846 156.314 -1.1 -0.9 -0.3

Nondurables less food and beverages

201.605 199.811 199.394 -0.9 -1.1 -0.2

Durables

102.184 102.215 101.580 -1.6 -0.6 -0.6

Services

311.958 313.039 313.197 2.5 0.4 0.1
 

Special aggregate indexes

 
 

All items less medical care

249.591 249.924 249.794 1.4 0.1 -0.1

All items less shelter

226.908 226.877 226.420 0.7 -0.2 -0.2

Commodities less food

161.490 160.594 160.074 -1.0 -0.9 -0.3

Nondurables

226.301 225.436 225.185 -0.2 -0.5 -0.1

Nondurables less food

204.720 203.075 202.676 -0.8 -1.0 -0.2

Services less rent of shelter (2)

298.376 299.387 298.878 2.1 0.2 -0.2

Services less medical care services

302.602 303.738 303.893 2.5 0.4 0.1

Energy

225.512 222.995 229.165 -1.0 1.6 2.8

All items less energy

261.979 262.569 261.855 1.7 0.0 -0.3

All items less food and energy

266.581 267.262 266.417 1.9 -0.1 -0.3

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: February 20, 2014