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Thursday, May 15, 2014

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Consumer Price Index, Northeast Region – April 2014

Regional Prices Unchanged Over the Month; Up 1.6 Percent Over the Year

 

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast was unchanged in April, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that increases in the all items less food and energy index (0.2 percent) and the food index (0.1 percent) were offset by a 1.5-percent decrease in the energy index since March. (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 1.6 percent, due mostly to an advance in the all items less food and energy index, also up 1.6 percent. (See chart 1 and table A.) The energy and food indexes also rose since April 2013, up 2.9 and 1.0 percent, respectively. (See table 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Northeast region, April 2011 to April 2014 (not seasonally adjusted)

Food

Over the month, food prices inched up 0.1 percent. Prices were higher for both the food at home and food away from home components; each rose 0.1 percent since March. 

Over the year, the food index rose 1.0 percent. Prices for the food away from home component advanced 1.7 percent and those for food at home increased 0.6 percent since April 2013.

Energy

The energy index, which includes prices for household and transportation fuels, declined 1.5 percent over the month as prices for electricity fell 6.7 percent—the largest one-month drop in electricity prices since October 1988. Higher prices for gasoline (1.5 percent) and utility (piped) gas (1.1 percent) moderated the decline in the energy index since March. 

The energy index increased 2.9 percent over the year, due largely to higher prices for gasoline (2.1 percent) and electricity (3.4 percent). Utility (piped) gas prices also rose since April 2013, up 5.4 percent.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent over the month, due mostly to a 0.2-percent rise in shelter prices. Medical care prices also rose, edging up 0.3 percent since March. These and other increases were moderated by lower prices for recreation and apparel, each down 0.2 percent over the month.

The all items less food and energy index rose 1.6 percent over the year. The advance mainly reflected a 2.9-percent increase in prices for shelter. Price advances were widespread among other components; lower prices for household furnishings and operations, down 1.6 percent, moderated the rise in the all items less food and energy index since April 2013.

The May 2014 Consumer Price Index for the Northeast region is scheduled to be released on June 17, 2014, 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 2009 2010 2011 2012 2013 2014
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

0.2 0.5 0.4 3.0 0.4 1.6 0.4 2.9 0.3 1.8 0.6 1.5

February

0.6 0.7 0.0 2.5 0.5 2.0 0.4 2.8 0.6 2.0 0.1 1.0

March

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

April

0.2 -0.1 0.2 2.5 0.5 2.8 0.3 2.3 -0.1 1.1 0.0 1.6

May

0.1 -0.8 0.2 2.6 0.5 3.2 -0.1 1.7 0.0 1.2    

June

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

July

0.1 -1.9 0.0 1.6 0.2 3.6 -0.1 1.1 0.2 1.8    

August

0.3 -1.2 0.1 1.4 0.3 3.8 0.5 1.3 0.2 1.5    

September

0.1 -0.7 -0.1 1.2 0.1 4.0 0.5 1.7 0.1 1.1    

October

0.0 0.2 0.3 1.5 -0.1 3.6 0.1 1.9 -0.4 0.7    

November

0.2 2.0 0.2 1.5 -0.1 3.2 0.2 1.8 0.1 1.0    

December

-0.1 2.8 0.0 1.6 -0.3 2.9 -0.3 1.8 0.0 1.3    

 

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.
2014
Mar.
2014
Apr.
2014
Apr.
2013
Feb.
2014
Mar.
2014

All items

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251.233 252.413 252.506 1.6 0.5 0.0

All items (December 1977 = 100)

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395.615 397.473 397.619      
 

Food and beverages

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244.652 245.441 245.684 1.0 0.4 0.1

Food

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244.436 245.294 245.588 1.0 0.5 0.1

Food at home

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241.934 243.235 243.573 0.6 0.7 0.1

Food away from home

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251.194 251.406 251.638 1.7 0.2 0.1

Alcoholic beverages

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246.265 246.155 245.756 0.1 -0.2 -0.2
 

Housing

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260.608 261.945 261.192 2.6 0.2 -0.3

Shelter

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313.922 315.041 315.663 2.9 0.6 0.2

Rent of primary residence (1)

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313.335 314.109 314.988 2.7 0.5 0.3

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

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326.226 326.924 327.241 2.9 0.3 0.1

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

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326.111 326.812 327.122 2.9 0.3 0.1

Fuels and utilities

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232.733 237.032 228.207 3.7 -1.9 -3.7

Household energy

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211.753 216.366 206.834 3.7 -2.3 -4.4

Energy services (1)

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197.090 203.925 194.829 3.7 -1.1 -4.5

Electricity (1)

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197.674 204.418 190.794 3.4 -3.5 -6.7

Utility (piped) gas service (1)

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184.464 191.122 193.132 5.4 4.7 1.1

Household furnishings and operations

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125.142 125.162 125.586 -1.6 0.4 0.3
 

Apparel

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128.433 130.924 130.628 -0.4 1.7 -0.2
 

Transportation

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216.430 218.235 220.139 1.2 1.7 0.9

Private transportation

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209.215 210.958 212.500 1.4 1.6 0.7

New and used motor vehicles (3)

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98.270 98.372 98.809 -0.5 0.5 0.4

New vehicles

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144.676 144.420 144.921 0.2 0.2 0.3

New cars and trucks (3) (4)

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100.215 100.040 100.391 0.2 0.2 0.4

New cars (4)

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138.882 137.944 138.504 -0.9 -0.3 0.4

Used cars and trucks

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154.592 156.073 157.903 -0.6 2.1 1.2

Motor fuel

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293.517 300.916 305.244 2.1 4.0 1.4

Gasoline (all types)

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291.934 299.393 303.824 2.1 4.1 1.5

Gasoline, unleaded regular (4)

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292.420 300.482 305.000 2.3 4.3 1.5

Gasoline, unleaded midgrade (4) (5)

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299.148 304.968 309.451 1.5 3.4 1.5

Gasoline, unleaded premium (4)

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285.188 290.499 294.380 1.2 3.2 1.3
 

Medical care

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450.452 451.518 453.094 1.3 0.6 0.3

Medical care commodities

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364.767 365.106 366.828 0.4 0.6 0.5

Medical care services

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474.143 475.446 476.951 1.6 0.6 0.3

Professional services

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351.136 351.085 351.468 0.4 0.1 0.1
 

Recreation (3)

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121.200 120.721 120.427 0.0 -0.6 -0.2
 

Education and communication (3)

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137.497 137.562 137.623 1.0 0.1 0.0
 

Other goods and services

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436.754 438.401 438.977 1.7 0.5 0.1
 

Commodity and service group

 

Commodities

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194.274 195.401 195.718 0.4 0.7 0.2

Commodities less food and beverages

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164.625 165.851 166.186 0.1 0.9 0.2

Nondurables less food and beverages

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214.214 216.698 216.999 0.8 1.3 0.1

Durables

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109.279 109.319 109.659 -1.2 0.3 0.3

Services

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307.037 308.285 308.177 2.4 0.4 0.0
 

Special aggregate indexes

 

All items less shelter

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230.207 231.423 231.317 1.0 0.5 0.0

All items less medical care

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242.436 243.618 243.649 1.7 0.5 0.0

Commodities less food

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167.753 168.944 169.258 0.1 0.9 0.2

Nondurables

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230.383 232.084 232.360 0.9 0.9 0.1

Nondurables less food

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216.005 218.331 218.589 0.8 1.2 0.1

Services less rent of shelter (2)

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310.514 311.938 311.008 1.8 0.2 -0.3

Services less medical care services

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295.410 296.648 296.443 2.4 0.3 -0.1

Energy

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246.045 251.824 248.059 2.9 0.8 -1.5

All items less energy

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254.207 254.922 255.415 1.5 0.5 0.2

All items less food and energy

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257.591 258.285 258.817 1.6 0.5 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: May 16, 2014