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Friday, February 17, 2012

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Consumer Price Index, Northeast Region – January 2012

Regional Prices Up 0.4 Percent Over the Month, 2.9 Percent Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region rose 0.4 percent in January, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent rise reflected one-month increases in the indexes for all items less food and energy (0.2 percent), energy (1.5 percent), and food (0.7 percent). (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 2.9 percent. (See chart 1 and table A.) The all items less food and energy component advanced 2.5 percent over the year—the largest 12-month rise since October 2008. Prices also rose for both food and energy, up 4.3 and 4.4 percent, respectively, since January 2011. (See table 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Northeast region, January 2009 to January 2012 (not seasonally adjusted)

Food

The food index rose 0.7 percent in January as its two components, food at home and food away from home, recorded identical 0.7-percent increases. The recent rise in prices for food away from home was the largest one-month advance since September 2008.

Over the year, the food index advanced 4.3 percent. Prices for both the food at home and food away from home components increased since last January, up 5.2 and 3.2 percent, respectively.

Energy

After posting seven consecutive one-month declines, the energy index, which includes prices for household and transportation fuels, increased 1.5 percent in January. The recent advance was due largely to a 3.3-percent rise in the gasoline index, which also posted uninterrupted 1-month decreases from June to December. Electricity prices also increased in January, inching up 0.1 percent. Moderating the rise in the energy index were lower prices for utility (piped) gas service, down 1.9 percent since December.

The energy index advanced 4.4 percent over the year, reflecting a 9.5-percent rise in gasoline prices since January 2011. Moderating the 12-month increase in the energy index were lower prices for utility (piped) gas service (-8.9 percent) and electricity (-1.2 percent).

All items less food and energy

Over the month, the all items less food and energy index advanced 0.2 percent, led by an increase in shelter prices (0.2 percent), particularly those for owners’ equivalent rent of residences (0.3 percent). Prices were also higher for medical care (1.0 percent) and recreation (0.8 percent). Partially offsetting these increases was a smaller-than-usual seasonal decline in apparel prices, down 1.2 percent over the month.

The index for all items less food and energy rose 2.5 percent over the year. The recent advance reflected widespread price increases in its components, led by shelter prices (2.2 percent), particularly those for owners’ equivalent rent of residences (2.1 percent). Higher prices for other goods and services (2.6 percent) and medical care (3.9 percent) also contributed to the advance in the all items less food and energy index since January 2011.

The February 2012 Consumer Price Index for the Northeast region is scheduled to be released on March 16, 2012, 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 2007 2008 2009 2010 2011 2012
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

0.3 2.3 0.4 3.9 0.2 0.5 0.4 3.0 0.4 1.6 0.4 2.9

February

0.4 2.4 0.4 4.0 0.6 0.7 0.0 2.5 0.5 2.0    

March

0.8 2.6 0.8 3.9 0.2 0.2 0.3 2.6 0.8 2.5    

April

0.5 2.2 0.5 3.9 0.2 -0.1 0.2 2.5 0.5 2.8    

May

0.5 2.3 0.9 4.3 0.1 -0.8 0.2 2.6 0.5 3.2    

June

0.4 2.3 1.1 5.0 0.8 -1.2 -0.1 1.7 0.1 3.4    

July

0.2 2.0 0.8 5.7 0.1 -1.9 0.0 1.6 0.2 3.6    

August

-0.2 1.6 -0.3 5.5 0.3 -1.2 0.1 1.4 0.3 3.8    

September

-0.1 2.4 -0.4 5.2 0.1 -0.7 -0.1 1.2 0.1 4.0    

October

0.2 3.1 -0.9 4.0 0.0 0.2 0.3 1.5 -0.1 3.6    

November

0.6 4.0 -1.6 1.7 0.2 2.0 0.2 1.5 -0.1 3.2    

December

0.0 3.8 -0.9 0.7 -0.1 2.8 0.0 1.6 -0.3 2.9    

 

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 87 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 32 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; TDD message referral phone number:  1-800-877-8339.

For personal assistance or further information on Consumer Price Indexes, as well as other Bureau products, contact the Mid-Atlantic Information Office at (215) 597-3282 from 8:30 a.m. to 12:00 p.m. and 1:00 p.m. to 3:30 p.m. ET.

Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, Northeast Region, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
Historical
data
Nov.
2011
Dec.
2011
Jan.
2012
Jan.
2011
Nov.
2011
Dec.
2011

All items

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242.652 241.987 242.879 2.9 0.1 0.4

All items (December 1977 = 100)

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382.103 381.056 382.461      
 

Food and beverages

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236.468 237.339 239.006 4.2 1.1 0.7

Food

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236.309 237.187 238.836 4.3 1.1 0.7

Food at home

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235.977 237.276 238.932 5.2 1.3 0.7

Food away from home

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239.726 240.039 241.697 3.2 0.8 0.7

Alcoholic beverages

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237.210 237.977 239.904 2.0 1.1 0.8
 

Housing

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249.354 249.123 249.682 1.9 0.1 0.2

Shelter

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298.396 298.294 299.017 2.2 0.2 0.2

Rent of primary residence (1)

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296.430 296.487 297.481 2.6 0.4 0.3

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

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310.471 310.417 311.295 2.1 0.3 0.3

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

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310.397 310.333 311.211 2.1 0.3 0.3

Fuels and utilities

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223.398 221.138 220.885 0.2 -1.1 -0.1

Household energy

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204.539 202.046 201.701 -0.5 -1.4 -0.2

Energy services (1)

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193.123 190.222 189.159 -3.6 -2.1 -0.6

Electricity (1)

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188.798 186.114 186.315 -1.2 -1.3 0.1

Utility (piped) gas service (1)

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190.558 187.316 183.690 -8.9 -3.6 -1.9

Household furnishings and operations

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126.363 127.143 127.863 2.3 1.2 0.6
 

Apparel

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131.239 126.040 124.574 4.5 -5.1 -1.2
 

Transportation

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211.191 209.107 210.720 5.1 -0.2 0.8

Private transportation

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204.326 202.352 204.479 5.3 0.1 1.1

New and used motor vehicles (3)

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99.367 99.154 98.877 2.8 -0.5 -0.3

New vehicles

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142.078 142.341 142.721 3.6 0.5 0.3

New cars and trucks (3) (4)

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98.464 98.641 98.906 3.6 0.4 0.3

New cars (4)

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138.548 138.536 138.530 3.5 0.0 0.0

Used cars and trucks

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158.980 157.606 156.487 5.0 -1.6 -0.7

Motor fuel

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287.863 279.173 288.153 9.7 0.1 3.2

Gasoline (all types)

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286.509 277.652 286.730 9.5 0.1 3.3

Gasoline, unleaded regular (4)

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287.705 278.684 288.384 9.5 0.2 3.5

Gasoline, unleaded midgrade (4) (5)

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292.258 283.585 291.372 9.7 -0.3 2.7

Gasoline, unleaded premium (4)

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276.896 268.727 275.607 9.5 -0.5 2.6
 

Medical care

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426.530 428.275 432.393 3.9 1.4 1.0

Medical care commodities

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358.631 359.466 364.959 4.8 1.8 1.5

Medical care services

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443.308 445.377 448.821 3.6 1.2 0.8

Professional services

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338.397 340.358 341.005 1.9 0.8 0.2
 

Recreation (3)

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118.059 118.040 119.038 2.7 0.8 0.8
 

Education and communication (3)

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134.333 134.407 134.604 0.8 0.2 0.1
 

Other goods and services

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422.332 422.357 422.311 2.6 0.0 0.0
 

Commodity and service group

 

Commodities

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191.692 190.538 191.806 4.3 0.1 0.7

Commodities less food and beverages

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164.562 162.603 163.648 4.4 -0.6 0.6

Nondurables less food and beverages

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212.424 208.390 210.315 5.5 -1.0 0.9

Durables

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110.780 110.942 111.086 2.5 0.3 0.1

Services

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292.694 292.492 293.104 2.1 0.1 0.2
 

Special aggregate indexes

 

All items less shelter

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224.119 223.238 224.183 3.3 0.0 0.4

All items less medical care

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234.473 233.728 234.502 2.9 0.0 0.3

Commodities less food

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167.446 165.553 166.628 4.3 -0.5 0.6

Nondurables

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225.643 223.821 225.642 4.8 0.0 0.8

Nondurables less food

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213.846 210.068 211.994 5.3 -0.9 0.9

Services less rent of shelter (2)

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297.005 296.680 297.214 2.0 0.1 0.2

Services less medical care services

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282.071 281.756 282.229 2.0 0.1 0.2

Energy

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239.561 234.452 237.953 4.4 -0.7 1.5

All items less energy

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245.318 245.108 245.758 2.8 0.2 0.3

All items less food and energy

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248.494 248.083 248.568 2.5 0.0 0.2

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) Indexes 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.


 

Last Modified Date: February 17, 2011