Bureau of Labor Statistics
Internet Address: http://www.bls.gov/ro2/ Transmission of material in Media Contact: Michael L. Dolfman,(212) 337-2500 this release is embargoed Information: Martin Kohli,(646) 264-3620 until after 8:30 A.M. (EST) Thursday, November 15, 2007
NEW YORK-NORTHERN NEW JERSEY CPI INCHED UP 0.1 PERCENT IN OCTOBER,
UP 3.1 PERCENT FROM YEAR AGO
Retail prices in the greater New York area, as measured by the
Consumer Price Index for All Urban Consumers (CPI-U), inched up 0.1
percent in October, the fourth consecutive month of relatively minor
change. Michael L. Dolfman, Regional Commissioner of the U. S.
Department of Labor's Bureau of Labor Statistics, said that the
October index largely reflected an increase in transportation prices
that was partially offset by a slight drop in the index for housing.
Higher prices for food also contributed to the October increase. For
the year ended in October 2007, the CPI-U rose 3.1 percent. Core
inflation, as measured by the all items less food and energy index,
was up 2.0 percent over the year.
The transportation index rose 1.0 percent in October, reflecting a
0.2-percent increase for gasoline and higher prices for leased cars
and trucks and motor vehicle insurance. The October transportation
increase followed three months of declines. (See chart A.) For the
year ended in October 2007, the transportation index was up 4.8
percent. The 12-month increase in the transportation index largely
reflected gasoline prices, which rose 21.2 percent over the year.
New York-Northern New Jersey CPI monthly and annual percent changes
(not seasonally adjusted)
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007
Month | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann
January 0.6 1.9 0.8 3.3 0.3 2.7 0.6 4.1 0.8 3.7 0.2 2.7
February 0.7 2.5 0.8 3.3 0.6 2.5 0.4 3.9 0.2 3.6 0.6 3.1
March 0.6 2.5 0.5 3.1 1.1 3.2 1.7 4.4 0.8 2.7 0.7 2.9
April 0.4 2.8 -0.2 2.6 0.3 3.7 0.0 4.2 0.9 3.6 0.5 2.5
May -0.2 2.2 0.1 2.8 0.2 3.9 -0.5 3.4 0.6 4.8 0.6 2.5
June 0.1 1.7 0.1 2.8 0.8 4.6 -0.3 2.3 0.5 5.6 0.5 2.5
July 0.3 2.2 0.4 3.0 -0.2 3.9 0.9 3.4 0.2 5.0 0.2 2.5
August 0.6 2.7 0.7 3.1 0.1 3.3 0.8 4.1 0.4 4.7 -0.1 1.9
September 0.1 2.8 0.3 3.3 0.1 3.2 0.8 4.8 -0.5 3.3 0.0 2.4
October 0.2 3.1 0.2 3.3 0.7 3.7 0.4 4.5 -0.5 2.4 0.1 3.1
November -0.2 3.0 -0.3 3.1 0.0 3.9 -0.6 3.9 -0.4 2.6
December -0.2 3.1 -0.1 3.2 -0.2 3.8 -0.5 3.6 0.2 3.3
The housing index inched down 0.1 percent in October. The fuels
and utilities component declined 1.6 percent, reflecting a 6.7-
percent drop in electricity prices, largely due to the removal of
summer surcharges. The decrease in electricity prices, the largest
since last October, offset a 5.1-percent increase in natural gas and
higher prices for fuel oil. Over the year, the index for fuels and
utilities rose 8.6 percent. Among the other components of housing,
household furnishings and operations dropped 1.0 percent over the
month. Shelter inched up 0.1 percent in October, largely due to a
0.5-percent increase in rent of primary residence. Owners'
equivalent rent also inched up 0.1 percent, while lodging away from
home declined.
The food and beverages index rose 0.5 percent. Prices for food at
home were up 0.5 percent over the month, reflecting higher prices for
bread, uncooked ground beef, other fresh fruits, lettuce, and
carbonated drinks. Prices for food away from home also increased by
0.5 percent.
Among other index components, the apparel index declined 0.9
percent in October. Medical care prices rose 0.2 percent.
Recreation edged down 0.2 percent, and education and communication
inched down 0.1 percent. Other goods and services were unchanged for
the month.
With the New York-Northern New Jersey Consumer Price Index for All
Urban Consumers at 228.552 in October (1982-84=100), $22.86 was
required to purchase what $10 could in the 1982-84 base period. The
purchasing power of the dollar was 43.8 cents in 1982-84 dollars and
15.1 cents in 1967 dollars. In October, the Consumer Price Index for
Urban Wage Earners and Clerical Workers (CPI-W) was 222.624, up 0.2
percent over the month. The CPI-W rose 3.4 percent over the year.
On a 1967 base, the October CPI-W was 633.867.
Data in this report are not seasonally adjusted. Accordingly,
month-to-month changes may reflect the impact of seasonal influences.
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.
NYLS - 7306 Labor - New York
11/15/07
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)
Item and Group Indexes Percent change from-
Aug. Sep. Oct. Oct. Aug. Sep.
2007 2007 2007 2006 2007 2007
Expenditure category
All items........... 228.326 228.308 228.552 3.1 0.1 0.1
All items (1967=100) 660.060 660.006 660.713 - - -
Food and beverages 211.816 212.657 213.695 3.9 .9 .5
Food.............. 210.853 211.723 212.789 4.0 .9 .5
Food at home..... 208.701 209.741 210.881 4.0 1.0 .5
Food away from
home......... 219.114 219.793 220.796 4.0 .8 .5
Alcoholic
beverages..... 222.106 222.564 223.227 3.2 .5 .3
Housing............ 249.191 247.319 246.949 2.9 -.9 -.1
Shelter........... 300.088 297.907 298.260 2.9 -.6 .1
Rent of primary
residence 1/ 282.562 284.155 285.604 4.5 1.1 .5
Owners'
equivalent
rent of
primary
residence 1/
2/ .. ...... 303.877 304.916 305.234 2.5 .4 .1
Fuels and
utilities..... 190.675 187.602 184.671 8.6 -3.1 -1.6
Household energy 192.466 189.037 185.761 8.9 -3.5 -1.7
Gas (piped) and
electricity
1/.......... 191.133 185.879 181.518 8.4 -5.0 -2.3
Electricity 1/.. 180.637 176.686 164.906 8.2 -8.7 -6.7
Utility (piped)
gas service
1/......... 211.411 203.580 214.002 8.6 1.2 5.1
Household
furnishings
and operations 129.819 129.928 128.603 -3.2 -.9 -1.0
Apparel............ 108.081 115.023 114.010 -2.1 5.5 -.9
Transportation..... 190.838 189.662 191.590 4.8 .4 1.0
Private
transportation 181.351 180.305 182.279 5.4 0.5 1.1
Motor fuel....... 218.968 212.591 213.048 21.2 -2.7 .2
Gasoline (all
types)...... 218.127 211.756 212.196 21.2 -2.7 .2
Gasoline,
unleaded
regular 3/ 219.527 212.984 213.376 21.3 -2.8 .2
Gasoline,
unleaded
midgrade
3/ 4/.... 220.098 213.291 214.227 21.0 -2.7 .4
Gasoline,
unleaded
premium 3/ 218.088 212.727 212.894 20.8 -2.4 .1
Medical care....... 362.329 362.346 363.141 5.5 .2 .2
Recreation 5/..... 114.137 114.530 114.331 .0 .2 -.2
Education and
communication
5/............ 126.214 127.566 127.463 3.6 1.0 -.1
Other goods and
services....... 336.267 338.816 338.974 1.6 .8 .0
Commodity and service group
All items........... 228.326 228.308 228.552 3.1 .1 .1
Commodities........ 172.183 173.617 173.880 2.9 1.0 .2
Commodities less
food and
beverages..... 144.506 146.208 146.044 2.1 1.1 -.1
Nondurables less
food and
beverages.... 170.797 173.847 173.706 4.7 1.7 -.1
Durables......... 109.343 109.496 109.315 -2.1 .0 -.2
Services........... 276.470 275.179 275.406 3.2 -0.4 0.1
Special aggregate indexes
All items less
medical care.... 222.278 222.259 222.485 3.0 .1 .1
All items less
shelter......... 200.137 201.030 201.231 3.2 .5 .1
Commodities less
food............ 147.775 149.434 149.301 2.2 1.0 -.1
Nondurables......... 193.303 195.261 195.718 4.3 1.2 .2
Nondurables less
food............ 174.198 177.071 176.985 4.6 1.6 .0
Services less rent
of shelter 2/ 259.588 259.413 259.498 3.6 .0 .0
Services less
medical care
services........ 269.223 267.879 268.096 3.0 -.4 .1
Energy.............. 204.633 200.011 198.178 13.8 -3.2 -.9
All items less
energy.......... 232.211 232.632 233.077 2.3 .4 .2
All items less food
and energy..... 237.655 237.985 238.302 2.0 .3 .1
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.
- Data not available.
Last Modified Date: December 14, 2007
