News Release Information

13–1686–NEW

Thursday, August 15, 2013

Contacts

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

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

Area prices up 0.2 percent over the month and 2.1 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), edged up 0.2 percent in July after increasing 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the rise to higher energy prices. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U for all items and the CPI-U for all items less food and energy rose at the same rate, 2.1 percent. (See chart 1. and table A. ) The 12-month increase in both indexes was largely due to rising prices for shelter.

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

Food

The food index fell 0.3 percent, after increasing 0.7 percent in June. A 0.7-percent drop in prices for food at home outweighed a 0.2-percent rise in prices for food away from home.

For the year ended in July 2013, the food index rose 1.2 percent. Prices for food at home increased 1.1 percent, and prices for food away from home rose 1.3 percent. (See table 1.)

Energy

The energy index advanced 1.9 percent, after rising 1.2 percent in June and 0.6 percent in May. Gasoline drove the July rise, with a 2.9-percent increase. Electricity charges rose 2.2 percent, after jumping 5.3 percent one month earlier, and fuel oil prices also increased. On the other hand, prices for natural gas dropped 2.2 percent.

From July 2012 to July 2013, energy prices advanced 4.0 percent. Gasoline prices registered a 4.1-percent increase, and prices for electricity climbed 5.0 percent. Natural gas prices were up 2.3 percent over the year, despite monthly declines in 5 of the last 6 months.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent for the second consecutive month. Registering a 0.2-percent increase, the shelter component reflected increases in lodging away from home, including housing at school. Rent was little changed. Education and communication jumped 0.6 percent over the month, with tuition increases and higher prices for personal computers. Price increases were also recorded for recreation, car rental, motor vehicle insurance, and other goods and services. In contrast, medical care prices were unchanged, and apparel prices fell 2.1 percent, with seasonal sales.

Over the year, the index for all items less food and energy advanced 2.1 percent. The shelter component increased 2.3 percent, including a 2.9-percent rise in residential rent. Medical care prices were up 3.1 percent, and education and communication, recreation, and apparel had increases between 1 and 2 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

September

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

October

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

November

-1.6 2.2 0.2 1.8 0.0 1.3 -0.3 3.0 0.0 2.0

December

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

CPI-W

In July, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 253.277, up 0.2 percent over the month. The CPI-W increased 2.1 percent over the year.

The August 2013 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Tuesday, September 17, 2013 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-
May
2013
June
2013
July
2013
July
2012
May
2013
June
2013
 

Expenditure category

 
 

All items

256.270 256.911 257.326 2.1 0.4 0.2

All items (1967=100)

740.840 742.694 743.894      
 

Food and beverages

245.856 247.241 246.514 1.1 0.3 -0.3

Food

245.302 246.961 246.170 1.2 0.4 -0.3

Food at home

245.010 247.501 245.797 1.1 0.3 -0.7

Food away from home

252.233 252.848 253.232 1.3 0.4 0.2

Alcoholic beverages

249.828 247.348 247.525 -0.2 -0.9 0.1
 

Housing

269.517 270.574 271.114 2.2 0.6 0.2

Shelter

330.174 331.114 331.731 2.3 0.5 0.2

Rent of primary residence (1)

337.590 338.117 338.450 2.9 0.3 0.1

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

336.275 336.933 337.007 1.8 0.2 0.0

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

336.084 336.739 336.813 1.8 0.2 0.0

Fuels and utilities

200.465 204.080 206.184 3.6 2.9 1.0

Household energy

196.687 200.717 202.663 3.9 3.0 1.0

Energy services (1)

182.119 187.096 188.758 4.2 3.6 0.9

Electricity (1)

183.134 192.896 197.223 5.0 7.7 2.2

Utility (piped) gas service (1)

174.526 169.836 166.148 2.3 -4.8 -2.2

Household furnishings and operations

121.576 121.014 119.953 -1.6 -1.3 -0.9
 

Apparel

126.863 125.575 122.905 1.9 -3.1 -2.1
 

Transportation

231.723 231.971 233.895 3.5 0.9 0.8

Private transportation

217.461 217.761 220.177 2.6 1.2 1.1

Motor fuel

284.133 285.106 293.338 4.1 3.2 2.9

Gasoline (all types)

282.996 284.053 292.424 4.1 3.3 2.9

Gasoline, unleaded regular (3)

285.266 286.312 295.399 4.2 3.6 3.2

Gasoline, unleaded midgrade (3) (4)

285.117 286.407 292.973 3.5 2.8 2.3

Gasoline, unleaded premium (3)

281.058 282.106 288.197 4.2 2.5 2.2
 

Medical care

424.325 426.585 426.445 3.1 0.5 0.0
 

Recreation (5)

119.592 119.374 119.977 1.2 0.3 0.5
 

Education and communication (5)

139.832 139.996 140.801 1.7 0.7 0.6
 

Other goods and services

394.279 392.649 393.961 0.7 -0.1 0.3
 

Commodity and service group

 
 

All items

256.270 256.911 257.326 2.1 0.4 0.2

Commodities

194.168 194.158 194.073 1.0 0.0 0.0

Commodities less food and beverages

159.603 158.915 159.147 0.9 -0.3 0.1

Nondurables less food and beverages

203.097 202.431 203.136 1.9 0.0 0.3

Durables

104.263 103.583 103.277 -1.2 -0.9 -0.3

Services

309.525 310.723 311.565 2.7 0.7 0.3
 

Special aggregate indexes

 
 

All items less medical care

248.858 249.438 249.870 2.0 0.4 0.2

All items less shelter

227.426 227.950 228.286 2.0 0.4 0.1

Commodities less food

163.320 162.573 162.804 0.9 -0.3 0.1

Nondurables

226.892 227.205 227.231 1.5 0.1 0.0

Nondurables less food

206.256 205.485 206.162 1.8 0.0 0.3

Services less rent of shelter (2)

297.764 299.288 300.433 3.2 0.9 0.4

Services less medical care services

300.179 301.324 302.256 2.7 0.7 0.3

Energy

232.887 235.735 240.190 4.0 3.1 1.9

All items less energy

260.366 260.794 260.812 1.9 0.2 0.0

All items less food and energy

264.766 264.959 265.134 2.1 0.1 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: September 17, 2013