News Release Information

18-580-PHI
Wednesday, April 11, 2018

Contacts

Technical information:
Media contact:

Consumer Price Index, Northeast Region – March 2018

Regional prices up 0.1 percent over the month and 2.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast inched up 0.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent one-month increase mostly reflected a 0.2-percent increase in the all items less food and energy index. The energy index decreased 0.8 percent since February, while the food index was unchanged. (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 2.0 percent, reflecting advances in the all items less food and energy index (1.3 percent) and the energy index (9.5 percent). (See chart 1 and table A.) The food index also increased over the year, up 1.8 percent. (See table 1.)

Food

The food index was unchanged since February as higher prices food at home (0.2 percent) were offset by lower prices for food away from home (-0.2 percent).

From March 2017 to March 2018 the food index increased 1.8 percent. Prices for food away from home and food at home increased over the year, up 2.2 and 1.5 percent, respectively.

Energy

The energy index, which includes prices for household and transportation fuels, decreased 0.8 percent in March, due to lower prices for gasoline, down 2.1 percent. Prices for electricity and utility (piped) gas service increased over the month, up 0.7 and 0.3 percent, respectively.

The energy index advanced 9.5 percent since March 2017. The increase reflected higher prices for gasoline, up 17.5 percent. Prices also increased over the year for utility (piped) gas service (10.6 percent) and electricity (4.3 percent).

All items less food and energy

The index for all items less food and energy edged up 0.2 percent over the month. The recent advance was due largely to a rise in shelter prices, up 0.5 percent since February. Prices were also higher for new and used motor vehicles (0.7 percent), among others, while prices were lower for education and communication (-0.4 percent) and recreation (-0.2 percent).

The index for all items less food and energy increased 1.3 percent since March 2017, led by higher prices for shelter, up 2.4 percent. Meanwhile, prices were lower over the year for apparel (-2.7 percent) and household furnishings and operations (-1.2 percent).

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2014 2015 2016 2017 2018
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 1.5 -0.2 -0.4 0.0 0.7 0.6 2.5 0.5 1.6

February

0.1 1.0 0.2 -0.2 0.2 0.7 0.3 2.6 0.4 1.7

March

0.5 1.5 0.3 -0.4 0.2 0.6 -0.1 2.2 0.1 2.0

April

0.0 1.6 0.1 -0.3 0.6 1.0 0.3 1.9

May

0.4 2.0 0.4 -0.3 0.3 0.9 0.1 1.7

June

0.0 1.9 0.3 0.0 0.2 0.7 0.0 1.5

July

0.1 1.8 -0.1 -0.2 0.0 0.8 -0.2 1.3

August

-0.3 1.3 -0.2 -0.1 0.1 1.0 0.3 1.6

September

0.0 1.2 0.0 -0.1 0.2 1.3 0.5 1.9

October

-0.2 1.4 -0.2 -0.1 0.2 1.6 -0.1 1.5

November

-0.4 0.9 0.0 0.3 0.0 1.6 0.0 1.6

December

-0.5 0.4 -0.4 0.5 0.0 1.9 0.1 1.7

The Consumer Price Index for April 2018 is scheduled to be released Thursday, May 10, 2018, at 8:30 a.m. (ET).


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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 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 75 urban areas across the country from about 5,000 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 (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/pdf/homch17.pdf.

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: (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
Jan.
2018
Feb.
2018
Mar.
2018
Mar.
2017
Jan.
2018
Feb.
2018

All items

262.188 263.260 263.556 2.0 0.5 0.1

All items (December 1977 = 100)

412.865 414.554 415.020      

Food and beverages

257.764 258.050 258.100 1.7 0.1 0.0

Food

258.097 258.275 258.385 1.8 0.1 0.0

Food at home

247.944 247.881 248.406 1.5 0.2 0.2

Cereals and bakery products

290.452 291.898 294.079   1.2 0.7

Meats, poultry, fish, and eggs

249.705 249.077 252.387   1.1 1.3

Dairy and related products

226.407 225.716 225.582   -0.4 -0.1

Fruits and vegetables

315.809 314.203 310.177   -1.8 -1.3

Nonalcoholic beverages and beverage materials

172.791 172.653 173.398   0.4 0.4

Other food at home

220.752 221.699 221.806   0.5 0.0

Food away from home

276.724 277.257 276.763 2.2 0.0 -0.2

Alcoholic beverages

252.312 253.896 253.216 0.3 0.4 -0.3

Housing

278.690 279.729 280.985 2.6 0.8 0.4

Shelter

345.089 345.507 347.179 2.4 0.6 0.5

Rent of primary residence(1)

347.888 348.355 349.161 2.4 0.4 0.2

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

357.498 357.898 358.681 2.2 0.3 0.2

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

357.246 357.645 358.432 2.2 0.3 0.2

Fuels and utilities

227.092 230.611 231.105 6.9 1.8 0.2

Household energy

201.972 205.382 205.988 7.8 2.0 0.3

Energy services(1)

197.451 201.856 202.979 6.1 2.8 0.6

Electricity(1)

204.167 203.693 205.089 4.3 0.5 0.7

Utility (piped) gas service(1)

171.138 183.172 183.764 10.6 7.4 0.3

Household furnishings and operations

117.541 118.970 119.485 -1.2 1.7 0.4

Apparel

127.247 131.169 130.835 -2.7 2.8 -0.3

Transportation

204.271 205.849 205.091 3.1 0.4 -0.4

Private transportation

197.240 198.148 197.503 3.8 0.1 -0.3

New and used motor vehicles(3)

96.192 96.233 96.871 0.9 0.7 0.7

New vehicles

146.725 145.661 145.485 -0.5 -0.8 -0.1

New cars and trucks(3)(4)

101.678 100.945 100.821 -0.5 -0.8 -0.1

New cars(4)

136.039 134.827 134.300 -1.4 -1.3 -0.4

Used cars and trucks

141.690 143.053 145.718 0.2 2.8 1.9

Motor fuel

225.970 229.749 224.884 12.1 -0.5 -2.1

Gasoline (all types)

224.858 228.647 223.792 12.1 -0.5 -2.1

Gasoline, unleaded regular(4)

222.439 226.249 221.284 12.4 -0.5 -2.2

Gasoline, unleaded midgrade(4)(5)

237.417 241.142 237.074 10.3 -0.1 -1.7

Gasoline, unleaded premium(4)

232.371 235.827 231.937 9.9 -0.2 -1.6

Motor vehicle insurance(6)

623.148 620.300 620.384   -0.4 0.0

Medical care

502.715 503.759 504.112 2.1 0.3 0.1

Medical care commodities

392.768 393.657 390.484 -0.5 -0.6 -0.8

Medical care services

534.166 535.252 536.686 2.8 0.5 0.3

Professional services

380.065 379.937 380.157 0.9 0.0 0.1

Recreation(3)

124.260 124.211 123.949 -0.2 -0.3 -0.2

Education and communication(3)

140.376 140.191 139.664 -0.3 -0.5 -0.4

Tuition, other school fees, and child care(6)

1,212.253 1,213.664 1,210.467   -0.1 -0.3

Other goods and services

482.013 485.267 486.713 2.4 1.0 0.3

Commodity and service group

Commodities

188.920 189.959 189.633 1.5 0.4 -0.2

Commodities less food and beverages

151.491 152.764 152.310 1.4 0.5 -0.3

Nondurables less food and beverages

196.286 198.832 196.929 2.7 0.3 -1.0

Durables

102.118 102.281 102.994 -0.6 0.9 0.7

Services

332.886 334.012 334.865 2.2 0.6 0.3

Special aggregate indexes

All items less shelter

233.681 235.006 234.793 1.7 0.5 -0.1

All items less medical care

251.619 252.695 252.988 1.9 0.5 0.1

Commodities less food

155.156 156.444 155.981 1.3 0.5 -0.3

Nondurables

227.089 228.620 227.597 2.2 0.2 -0.4

Nondurables less food

199.545 202.032 200.203 2.5 0.3 -0.9

Services less rent of shelter(2)

331.282 333.222 333.212 2.0 0.6 0.0

Services less medical care services

319.013 320.141 320.954 2.1 0.6 0.3

Energy

211.791 215.352 213.671 9.5 0.9 -0.8

All items less energy

270.000 270.820 271.327 1.4 0.5 0.2

All items less food and energy

273.844 274.774 275.350 1.3 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.
(6) Indexes on a December 1977=100 base.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Wednesday, April 11, 2018