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News Release Information

22-1870-PHI
Tuesday, September 13, 2022

Contacts Technical information: Media contact:

Consumer Price Index, Northeast Region – August 2022

Area prices were up 0.3 percent over the past month, up 7.4 percent from a year ago

Prices in the Northeast Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), edged up 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the modest rise followed a decrease the previous month and was the smallest increase of 2022. The all items less food and energy index, up 0.6 percent, accounted for most of the overall rise in the CPI-U although the food index also increased in August, up 0.7 percent. Partially offsetting those increases, the energy index decreased by 3.0 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 index rose 7.4 percent; throughout 2022, the overall CPI increases ranged from 6.3 to 7.6 percent. (See chart 1 and table A.) The all items less food and energy index, up 5.0 percent, was largely responsible for the over-the-year increase in August. The energy index increased 31.2 percent over the year as prices for gasoline increased 32.4 percent and the food index advanced 10.2 percent. (See table 1.)

Food

Food prices rose 0.7 percent for the month of August, moderating somewhat from the 1.3-percent increase in July. (See table 1.) Of the two major components within the food index, prices for food at home increased 0.8 percent, while prices for food away from home were up 0.4 percent. Grocery price increases included other food at home (up 1.6 percent) and cereals and bakery products (up 1.7 percent).

From August 2021 to August 2022, the food index increased 10.2 percent – about the same as the 10.1 percent rise in July. Prices for food at home advanced 12.0 percent since a year ago, up slightly from the 11.7 percent 12-month increase in July. Prices for food away from home increased 7.1 percent.

Energy

The energy index decreased 3.0 percent over the month of August following a 4.6 percent drop in July. Gasoline prices continued to fall, down 9.3 percent in August after a 5.9 percent drop in July. The index for electricity increased 5.1 percent and the utility (piped) gas service index advanced 3.2 percent over the month; both indexes had over-the-month declines in July.

Energy prices moderated somewhat over the year, up 31.2 percent following a 12-month increase of 36.7 percent in July. The energy index continued to show the impact of higher prices for gasoline, up 32.4 percent but the smallest increase this year compared with 12-month advances of 60.0 percent in June and 47.4 percent in July. The electricity index rose 19.5 percent while the utility (piped) gas service index was up 37.0 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.6 percent in August. Higher prices for shelter (up 0.6 percent), apparel (up 3.0 percent), and medical care (up 0.8 percent) contributed to the increase. Decreases in public transportation and recreation partially offset the overall index rise. Both the indexes for owners' equivalent rent of residences and for rent of primary residence contributed to the increase of the shelter index, each rose 0.6 percent, while prices for medical care services advanced 0.9 percent and were mainly responsible for the medical care index increase.

Over the year, the index for all items less food and energy increased 5.0 percent; so far in 2022, the 12-month changes have ranged from 4.3 to 5.0 percent. The 12-month increases in the shelter index (up 3.7 percent – the largest increase since 2007), the new and used motor vehicles index (up 11.6 percent), the medical care index (up 5.7 percent), and household furnishing and operations (up 8.7 percent) contributed to the increase in the all items less food and energy index. Within new and used motor vehicles, prices for new vehicles moderated, up 9.8 percent – the smallest price increase since the year began. The increase in the shelter index was led by gains in the index for owners’ equivalent rent of residences, up 3.9 percent; the pace of over-the-year increase in owners’ equivalent rent of residences ranged from 1.7 to 3.9 percent over the last 12 months.

Geographic divisions

Additional price indexes are now available for the two divisions of the Northeast. Over the month, the all items CPI-U index for the Middle Atlantic division increased 0.4 percent, and the New England division rose 0.2 percent.

Over the year, the all items index rose 7.5 percent in the Middle Atlantic division and 7.3 percent in the New England division. (See table B.)

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2018 2019 2020 2021 2022
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 1.6 0.3 1.5 0.7 2.3 0.4 1.1 0.8 6.3

February

0.4 1.7 0.2 1.3 0.3 2.4 0.4 1.2 0.7 6.6

March

0.1 2.0 0.5 1.7 -0.2 1.7 0.6 2.1 1.3 7.3

April

0.4 2.1 0.4 1.7 -0.4 0.8 0.7 3.3 0.6 7.2

May

0.4 2.5 0.3 1.5 0.0 0.6 0.6 3.9 0.9 7.5

June

0.0 2.6 0.1 1.6 0.3 0.8 1.0 4.6 1.2 7.6

July

0.0 2.7 0.1 1.7 0.4 1.1 0.2 4.3 -0.2 7.3

August

0.2 2.7 0.1 1.5 0.1 1.1 0.1 4.4 0.3 7.4

September

0.1 2.2 0.0 1.4 0.1 1.2 0.3 4.6

October

-0.1 2.3 -0.1 1.5 -0.2 1.1 0.6 5.4

November

-0.4 1.9 0.1 1.9 0.1 1.1 0.6 6.0

December

-0.1 1.7 -0.1 1.9 0.2 1.4 0.2 5.9
Table B. CPI-U 1-month and 12-month percent changes, all items index, Northeast region and divisions, not seasonally adjusted
Area 1-month change 12-month change

Northeast

0.3 7.4

New England Division

0.2 7.3

Middle Atlantic Division

0.4 7.5

The September 2022 Consumer Price Index for the Northeast Region is scheduled to be released on October 13, 2022.


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 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.

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
Jun.
2022
Jul.
2022
Aug.
2022
Aug.
2021
Jun.
2022
Jul.
2022

All items

306.453 305.916 306.855 7.4 0.1 0.3

All items (December 1977 = 100)

482.570 481.724 483.203      

Food and beverages

304.928 308.776 310.957 9.9 2.0 0.7

Food

306.848 310.853 313.018 10.2 2.0 0.7

Food at home

291.665 296.137 298.620 12.0 2.4 0.8

Cereals and bakery products

352.511 359.884 365.857 16.0 3.8 1.7

Meats, poultry, fish, and eggs

306.931 310.644 311.643 9.7 1.5 0.3

Dairy and related products

267.049 270.667 272.872 15.1 2.2 0.8

Fruits and vegetables

346.709 350.853 350.867 8.5 1.2 0.0

Nonalcoholic beverages and beverage materials

198.924 203.205 204.097 11.6 2.6 0.4

Other food at home

260.067 264.114 268.460 13.6 3.2 1.6

Food away from home

331.418 334.425 335.920 7.1 1.4 0.4

Alcoholic beverages

278.252 280.031 282.405 4.8 1.5 0.8

Housing

320.297 319.846 322.473 6.5 0.7 0.8

Shelter

385.575 386.621 388.910 3.7 0.9 0.6

Rent of primary residence

386.924 388.189 390.595 4.0 0.9 0.6

Owners' equivalent rent of residences(1)

398.725 399.736 402.291 3.9 0.9 0.6

Owners' equivalent rent of primary residence(1)

398.378 399.392 401.941 3.9 0.9 0.6

Fuels and utilities

306.592 297.558 304.524 25.6 -0.7 2.3

Household energy

279.009 269.663 276.998 30.0 -0.7 2.7

Energy services

258.329 254.546 265.863 24.8 2.9 4.4

Electricity

253.807 248.867 261.603 19.5 3.1 5.1

Utility (piped) gas service

247.643 246.317 254.123 37.0 2.6 3.2

Household furnishings and operations

139.554 139.771 140.835 8.7 0.9 0.8

Apparel

129.637 127.622 131.471 3.7 1.4 3.0

Transportation

271.417 266.429 261.376 14.1 -3.7 -1.9

Private transportation

268.937 264.840 259.953 14.5 -3.3 -1.8

New and used motor vehicles(2)

127.943 127.241 128.040 11.6 0.1 0.6

New vehicles

167.365 168.573 169.702 9.8 1.4 0.7

New cars(3)

158.540 160.171 160.651 10.9 1.3 0.3

Used cars and trucks

224.188 224.831 224.905 8.4 0.3 0.0

Motor fuel

416.155 391.537 355.248 32.6 -14.6 -9.3

Gasoline (all types)

414.151 389.580 353.429 32.4 -14.7 -9.3

Gasoline, unleaded regular(3)

411.558 385.881 349.249 32.1 -15.1 -9.5

Gasoline, unleaded midgrade(3)(4)

433.247 414.314 380.131 34.2 -12.3 -8.3

Gasoline, unleaded premium(3)

414.948 398.793 367.488 34.1 -11.4 -7.8

Medical care

573.145 576.156 580.669 5.7 1.3 0.8

Medical care commodities

386.288 391.379 392.344 3.5 1.6 0.2

Medical care services

628.303 630.586 636.224 6.2 1.3 0.9

Professional services

430.281 427.588 429.925 1.9 -0.1 0.5

Recreation(2)

136.949 137.500 137.263 4.3 0.2 -0.2

Education and communication(2)

152.217 152.327 152.938 0.8 0.5 0.4

Tuition, other school fees, and child care(5)

1,344.427 1,348.651 1,360.598 1.8 1.2 0.9

Other goods and services

557.181 557.521 561.095 5.9 0.7 0.6

Commodity and service group

Commodities

230.510 229.581 228.782 10.8 -0.7 -0.3

Commodities less food and beverages

188.635 185.946 184.062 11.4 -2.4 -1.0

Nondurables less food and beverages

250.340 243.255 237.946 15.2 -5.0 -2.2

Durables

124.801 125.047 125.418 7.7 0.5 0.3

Services

379.054 378.922 381.613 5.5 0.7 0.7

Special aggregate indexes

All items less shelter

279.325 278.230 278.698 9.4 -0.2 0.2

All items less medical care

294.694 294.009 294.797 7.6 0.0 0.3

Commodities less food

192.253 189.664 187.880 11.1 -2.3 -0.9

Nondurables

277.683 275.892 274.208 12.2 -1.3 -0.6

Nondurables less food

251.796 245.274 240.453 14.4 -4.5 -2.0

Services less rent of shelter(1)

384.943 383.505 386.711 7.6 0.5 0.8

Services less medical care services

361.880 361.593 364.085 5.5 0.6 0.7

Energy

333.517 318.237 308.830 31.2 -7.4 -3.0

All items less energy

308.028 308.796 310.669 5.7 0.9 0.6

All items less food and energy

310.200 310.401 312.234 5.0 0.7 0.6

Footnotes
(1) Indexes on a December 1982=100 base.
(2) Indexes on a December 1997=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1977=100 base.

 

Last Modified Date: Tuesday, September 13, 2022