Thursday, March 10, 2022
The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast rose 0.7 percent in February, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Alexandra Hall Bovee noted that the increase was largely due to higher prices within the all items less food and energy index, up 0.7 percent, led by higher shelter costs among widespread increases. The food index also increased in February, up 1.0 percent, as did the energy index, up 0.2 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 Northeast all items CPI-U increased 6.6 percent. (See chart 1 and table A.) The all items less food and energy index was mostly responsible for the over-the-year increase, up 5.0 percent. The energy index jumped 23.7 percent over the year, largely the result of an increase in the price of gasoline. The food index advanced 7.6 percent over-the-year. (See table 1.)Food
Food prices rose 1.0 percent for the month of February. (See table 1.) Of the two major components within the food index, prices for food at home increased 1.8 percent, while prices for food away from home declined 0.5 percent for the same period, marking the first price decline in a year. Within food at home, prices were higher for citrus fruits and soups, up 8.7 and 14.2 percent, respectively.
From February 2021 to February 2022, the food index increased 7.6 percent – the highest 12-month change since June 1981. Prices for food at home advanced 8.1 percent since a year ago, the greatest such increase in 32 years, and prices for food away from home increased 6.5 percent.Energy
The energy index inched up 0.2 percent over the month following a 4.2 percent increase in January. The increase was mainly due to higher prices for gasoline (4.5 percent) following 2 months of identical 0.8 percent declines. Prices for utility (piped) gas service advanced 1.7 percent over the month. Prices for electricity decreased 7.6 percent for the same period after a 12.3 percent jump in January.
Energy prices soared 23.7 percent over the year, largely due to higher prices for gasoline (36.4 percent). That was the smallest 12-month increase for gasoline since last April, the string of significant increases peaked at 57.1 percent in November. Prices paid for utility (piped) gas service jumped 20.3 percent and prices for electricity advanced 6.1 percent during the past year.All items less food and energy
The index for all items less food and energy rose 0.7 percent in February. Higher prices for shelter (0.4 percent), specifically owners' equivalent rent of residences (0.4 percent) drove the increase. Prices also increased for apparel (2.5 percent) and recreation (0.8 percent). The increase for the new and used motor vehicles category (0.9 percent) was largely due to higher prices for used cars and trucks, up 0.8 percent, and new vehicles, up 0.6 percent.
Over the year, the index for all items less food and energy increased 5.0 percent, marking the largest 12-month rise since 1991. Annual increases in the index for new and used motor vehicles (23.2 percent)—more specifically, used cars and trucks (42.5 percent) and new vehicles (13.0 percent)—accounted for almost a third of the increase in the all items less food and energy index. Shelter (up 3.0 percent) also was a major contributing factor, led by owners’ equivalent rent of residences (2.8 percent) and household operations and furnishing where the 8.5 percent increase was the largest in over 41 years.
Additional price indexes are now available for the two divisions of the Northeast. Over the month, the all items CPI-U was 0.6 percent higher in the New England division, while prices in the Middle Atlantic division rose 0.7 percent.
Over the year, prices rose in the New England division (6.9 percent). The all items index also rose in the Middle Atlantic division, up 6.4 percent. (See table B.)
|Area||1-month change||12-month change|
New England Division
Middle Atlantic Division
The Consumer Price Index for March 2022 is scheduled to be released on Tuesday, April 12, 2022, at 8:30 a.m. (ET).
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 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 75 urban areas across the country from about 6,000 housing units and approximately 22,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000. Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.
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.
The New England division is comprised of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
The Middle Atlantic division is comprised of New Jersey, New York, and Pennsylvania.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.
|Expenditure category||Indexes||Percent change from|
All items (December 1977 = 100)
Food and beverages
Food at home
Cereals and bakery products
Meats, poultry, fish, and eggs
Dairy and related products
Fruits and vegetables
Nonalcoholic beverages and beverage materials
Other food at home
Food away from home
Rent of primary residence
Owners' equivalent rent of residences(1)
Owners' equivalent rent of primary residence(1)
Fuels and utilities
Utility (piped) gas service
Household furnishings and operations
New and used motor vehicles(2)
Used cars and trucks
Gasoline (all types)
Gasoline, unleaded regular(3)
Gasoline, unleaded premium(3)
Motor vehicle insurance(5)
Medical care commodities
Medical care services
Education and communication(2)
Tuition, other school fees, and child care(5)
Other goods and services
Commodity and service group
Commodities less food and beverages
Nondurables less food and beverages
Special aggregate indexes
All items less shelter
All items less medical care
Commodities less food
Nondurables less food
Services less rent of shelter(1)
Services less medical care services
All items less energy
All items less food and energy
Last Modified Date: Thursday, March 10, 2022