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13-995-PHI

Thursday, May 16, 2013

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Consumer Price Index, Northeast Region – April 2013

Regional Prices Down 0.1 Percent Over the Month; Up 1.1 Percent Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region inched down 0.1 percent in April, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that since March a 2.2-percent decrease in the energy index was nearly offset by one-month increases in the food (0.4 percent) and all items less food and energy (0.1 percent) indexes. (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 1.1 percent, due mostly to a 1.6-percent advance in the all items less food and energy index. (See chart 1 and table A.) The food index also rose since April 2012, up 1.8 percent, while the energy index decreased 4.3 percent. (See table 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Northeast region, April 2010 to April 2013 (not seasonally adjusted)

 

Food

The food index rose 0.4 percent in April as its two components, food at home and food away from home, recorded identical 0.4-percent increases.

Over the year, the food index advanced 1.8 percent. Prices for both the food at home and food away from home components increased since last April, up 1.6 and 2.1 percent, respectively.

Energy

The energy index, which includes prices for household and transportation fuels, fell 2.2 percent since March. The one-month decrease was due mostly to a 4.1-percent decline in gasoline prices. Following two months of decreases totaling 4.6 percent, electricity prices increased 1.8 percent in April. Utility (piped) gas service prices were unchanged over the month.

Energy prices declined 4.3 percent over the year, primarily reflecting an 8.7-percent drop in gasoline prices—the largest over-the-year decrease since October 2009. Utility (piped) gas service prices rose 5.6 percent over the year, their largest 12-month advance since January 2009. Electricity prices also increased since April 2012, up 1.6 percent.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent in April. The recent advance was led by higher prices for medical care (0.4 percent), particularly medical care services (0.5 percent). Apparel prices also rose since March, up 0.5 percent. Nearly offsetting the price increases within the all items less food and energy index were lower prices for household furnishings and operations (-0.5 percent) and education and communication (-0.2 percent), among others.

The index for all items less food and energy rose 1.6 percent over the year. The 12-month advance was led by higher prices for shelter (2.0 percent), particularly those for owners’ equivalent rent of residences (1.7 percent). Widespread price increases among other components, including medical care (2.7 percent), also contributed to the rise in the all items less food and energy index since April 2012.

The May 2013 Consumer Price Index for the Northeast region is scheduled to be released on June 18, 2013, 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 2008 2009 2010 2011 2012 2013
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

0.4 3.9 0.2 0.5 0.4 3.0 0.4 1.6 0.4 2.9 0.3 1.8

February

0.4 4.0 0.6 0.7 0.0 2.5 0.5 2.0 0.4 2.8 0.6 2.0

March

0.8 3.9 0.2 0.2 0.3 2.6 0.8 2.5 0.5 2.5 0.0 1.5

April

0.5 3.9 0.2 -0.1 0.2 2.5 0.5 2.8 0.3 2.3 -0.1 1.1

May

0.9 4.3 0.1 -0.8 0.2 2.6 0.5 3.2 -0.1 1.7    

June

1.1 5.0 0.8 -1.2 -0.1 1.7 0.1 3.4 -0.2 1.5    

July

0.8 5.7 0.1 -1.9 0.0 1.6 0.2 3.6 -0.1 1.1    

August

-0.3 5.5 0.3 -1.2 0.1 1.4 0.3 3.8 0.5 1.3    

September

-0.4 5.2 0.1 -0.7 -0.1 1.2 0.1 4.0 0.5 1.7    

October

-0.9 4.0 0.0 0.2 0.3 1.5 -0.1 3.6 0.1 1.9    

November

-1.6 1.7 0.2 2.0 0.2 1.5 -0.1 3.2 0.2 1.8    

December

-0.9 0.7 -0.1 2.8 0.0 1.6 -0.3 2.9 -0.3 1.8    

 

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:  1-800-877-8339.

Table 1. 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
Feb.
2013
Mar.
2013
Apr.
2013
Apr.
2012
Feb.
2013
Mar.
2013

All items

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248.665 248.719 248.464 1.1 -0.1 -0.1

All items (December 1977 = 100)

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391.571 391.657 391.255      
 

Food and beverages

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242.682 242.247 243.324 1.9 0.3 0.4

Food

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242.461 242.001 243.057 1.8 0.2 0.4

Food at home

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242.105 241.071 242.120 1.6 0.0 0.4

Food away from home

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246.035 246.415 247.494 2.1 0.6 0.4

Alcoholic beverages

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244.299 244.217 245.613 2.4 0.5 0.6
 

Housing

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254.836 254.689 254.570 1.6 -0.1 0.0

Shelter

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306.049 306.748 306.765 2.0 0.2 0.0

Rent of primary residence (1)

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305.518 306.762 306.780 2.7 0.4 0.0

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

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317.613 317.898 318.106 1.7 0.2 0.1

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

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317.516 317.802 318.006 1.7 0.2 0.1

Fuels and utilities

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224.236 220.169 220.047 1.1 -1.9 -0.1

Household energy

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203.916 199.619 199.419 0.8 -2.2 -0.1

Energy services (1)

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189.781 185.575 187.803 2.8 -1.0 1.2

Electricity (1)

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187.824 181.337 184.595 1.6 -1.7 1.8

Utility (piped) gas service (1)

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182.430 183.220 183.174 5.6 0.4 0.0

Household furnishings and operations

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128.298 128.269 127.620 -0.6 -0.5 -0.5
 

Apparel

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129.525 130.408 131.107 -0.7 1.2 0.5
 

Transportation

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219.243 220.030 217.554 -1.2 -0.8 -1.1

Private transportation

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212.106 212.229 209.465 -2.0 -1.2 -1.3

New and used motor vehicles (3)

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99.152 99.432 99.279 -0.3 0.1 -0.2

New vehicles

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144.761 144.646 144.574 0.7 -0.1 0.0

New cars and trucks (3) (4)

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100.327 100.247 100.192 0.7 -0.1 -0.1

New cars (4)

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140.378 140.043 139.769 0.5 -0.4 -0.2

Used cars and trucks

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155.992 157.819 158.822 -1.0 1.8 0.6

Motor fuel

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312.225 311.504 298.883 -8.7 -4.3 -4.1

Gasoline (all types)

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310.952 310.263 297.617 -8.7 -4.3 -4.1

Gasoline, unleaded regular (4)

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312.367 311.368 298.118 -9.3 -4.6 -4.3

Gasoline, unleaded midgrade (4) (5)

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316.403 316.790 304.833 -7.6 -3.7 -3.8

Gasoline, unleaded premium (4)

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300.889 300.842 290.807 -6.5 -3.4 -3.3
 

Medical care

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444.784 445.676 447.411 2.7 0.6 0.4

Medical care commodities

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364.692 365.485 365.334 0.0 0.2 0.0

Medical care services

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466.095 467.004 469.470 3.6 0.7 0.5

Professional services

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347.338 347.704 350.125 2.6 0.8 0.7
 

Recreation (3)

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120.922 120.445 120.381 0.6 -0.4 -0.1
 

Education and communication (3)

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136.452 136.477 136.264 1.2 -0.1 -0.2
 

Other goods and services

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431.003 430.720 431.595 1.1 0.1 0.2
 

Commodity and service group

 

Commodities

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195.917 195.772 194.902 -0.9 -0.5 -0.4

Commodities less food and beverages

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167.787 167.775 166.087 -2.5 -1.0 -1.0

Nondurables less food and beverages

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218.411 218.419 215.214 -3.4 -1.5 -1.5

Durables

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111.202 111.171 111.030 -0.9 -0.2 -0.1

Services

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300.447 300.692 301.016 2.3 0.2 0.1
 

Special aggregate indexes

 

All items less shelter

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229.574 229.391 229.032 0.6 -0.2 -0.2

All items less medical care

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240.000 240.023 239.693 1.0 -0.1 -0.1

Commodities less food

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170.796 170.782 169.170 -2.3 -1.0 -0.9

Nondurables

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231.739 231.539 230.313 -0.8 -0.6 -0.5

Nondurables less food

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219.899 219.902 216.939 -3.1 -1.3 -1.3

Services less rent of shelter (2)

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305.193 304.928 305.572 2.6 0.1 0.2

Services less medical care services

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288.954 289.161 289.367 2.2 0.1 0.1

Energy

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249.192 246.358 241.032 -4.3 -3.3 -2.2

All items less energy

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250.994 251.356 251.635 1.6 0.3 0.1

All items less food and energy

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254.120 254.639 254.774 1.6 0.3 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) 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: May 16, 2013