Wednesday, July 13, 2022
Prices in the Northeast Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.2 percent in June, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the increase was the second largest in 2022, following a 1.3 percent rise in March. The all items less food and energy index, up 0.8 percent, accounted for more than half of the overall rise in the CPI-U. The energy index also increased in June, up 5.5 percent, and the food index inched up 0.6 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 7.6 percent, the largest increase since December 1981. (See chart 1 and table A.) The all items less food and energy index was largely responsible for the over-the-year increase, up 4.4 percent, although it was the smallest increase since January. The energy index jumped 44.2 percent over the year as the price of gasoline was 60.0 percent higher than the year before. The food index advanced 9.1 percent over-the-year. (See table 1.)Food
Food prices rose 0.6 percent for the month of June, down from the 1.1 percent increase in May. (See table 1.) Of the two major components within the food index, prices for food away from home increased 1.0 percent (the largest percent increase since October 2021), while prices for food at home were up 0.3 percent (the smallest increase since July 2021) for the same period. Within food at home, lower prices for fruits and vegetables (-1.7 percent) were offset by price increases for cereals and bakery products, and dairy and related products, both up 1.7 percent.
From June 2021 to June 2022, the food index increased 9.1 percent – the highest 12-month change since April 1981. Prices for food at home advanced 10.1 percent since a year ago, the greatest such increase since November 1980. Prices for food away from home increased 7.1 percent, the largest series increase since December 1981.Energy
The energy index increased 5.5 percent over the month and accounted for two-fifths of the increase in the overall CPI-U. Gasoline prices increased 7.6 percent, down from the 10.8 percent rise in May. Prices for electricity increased 4.0 percent and the utility (piped) gas service index advanced 7.4 percent over the month, the largest increase for the natural gas index since November 2020.
Energy prices soared 44.2 percent over the year, the largest index increase since April 1980. Higher energy prices were largely due to higher prices for gasoline (60.0 percent which was the 17th consecutive month increase and the largest 12-month rise since September 2005). Prices for utility (piped) gas service advanced 38.8 percent during the past year while electricity prices jumped 15.6 percent. The price increase for utility (piped) gas service represents the 18th month of consecutive price increases and the largest increase since May 2001.All items less food and energy
The index for all items less food and energy rose 0.8 percent in June, the largest increase in a year. Higher prices for new and used motor vehicles (4.3 percent) as well as higher prices for shelter (0.3 percent) and medical care (0.8 percent) contributed to the increase while a decrease in apparel (-0.7 percent) tempered the overall index increase. Owners' equivalent rent of residences (up 0.4 percent) and rent of primary residence (up 0.6 percent) contributed to the increase of the shelter index while medical care services advancing 0.9 percent contributed to the medical care index increase.
Over the year, the index for all items less food and energy moderated as it increased 4.4 percent, the smallest price increase so far in 2022. The 12-month increase in the shelter index (2.7 percent), the 9.8 percent increase in the new and used motor vehicles index (breaking 14 consecutive months of double-digit increases), the 8.5 percent increase in household furnishings and operations and the 4.8 percent increase in medical care contributed to the increase in the all items less food and energy index. The increase in shelter was led by gains in the indexes for owners’ equivalent rent of residences, up 3.3 percent, and household furnishings and operations, up 8.5 percent.Geographic divisions
Additional price indexes are now available for the two divisions of the Northeast. Over the month, the all items CPI-U increased 1.3 percent in the Middle Atlantic division, while prices in the New England division rose 0.8 percent.
Over the year, the all items index rose 7.9 percent in the New England division and 7.5 percent in the Middle Atlantic division. (See table B.)
|Area||1-month change||12-month change|
New England Division
Middle Atlantic Division
The July 2022 Consumer Price Index for the Northeast Region is scheduled to be released on August 10, 2022.
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: Wednesday, July 13, 2022