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18-1177-PHI
Thursday, July 12, 2018

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Consumer Price Index, Northeast Region – June 2018

Regional prices unchanged over the month; up 2.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast was unchanged in June, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the all items less food and energy index and the energy index were both unchanged over the month, while the food index inched up 0.1 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 2.6 percent. (See chart 1 and table A.) The all items less food and energy index led the advance, rising 1.7 percent. The energy index and the food index also rose, up 13.1 and 1.9 percent, respectively, since June 2017. (See table 1.)

Food

The food index inched up 0.1 percent since May as prices for food away from home also increased 0.1 percent. Food at home prices were unchanged.

From June 2017 to June 2018, the food index increased 1.9 percent. Prices for both food away from home and food at home increased over the year, up 3.0 and 1.0 percent, respectively.

Energy

The energy index, which includes prices for household and transportation fuels, was unchanged in June. Higher prices for gasoline, up 0.5 percent, were offset by lower prices for utility (piped) gas service (-1.0 percent) and electricity (-0.2 percent).

The energy index advanced 13.1 percent since June 2017. The increase reflected higher prices for gasoline, up 23.6 percent. Prices also increased over the year for electricity (2.2 percent) and utility (piped) gas service (4.3 percent).

All items less food and energy

The index for all items less food and energy was unchanged over the month. Higher prices for new and used motor vehicles (1.0 percent) and shelter (0.2 percent), among others, were offset by lower prices for apparel (-4.2 percent).

The index for all items less food and energy increased 1.7 percent since June 2017, led by higher prices for shelter, up 2.8 percent. Prices also rose over the year for medical care (2.3 percent), but were lower for household furnishings and operations (-2.0 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 0.4 2.1

May

0.4 2.0 0.4 -0.3 0.3 0.9 0.1 1.7 0.4 2.5

June

0.0 1.9 0.3 0.0 0.2 0.7 0.0 1.5 0.0 2.6

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 July 2018 is scheduled to be released Friday, August 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
Apr.
2018
May
2018
Jun.
2018
Jun.
2017
Apr.
2018
May
2018

All items

264.669 265.840 265.950 2.6 0.5 0.0

All items (December 1977 = 100)

416.772 418.617 418.790      

Food and beverages

259.235 259.256 259.463 1.8 0.1 0.1

Food

259.625 259.594 259.751 1.9 0.0 0.1

Food at home

249.436 248.220 248.297 1.0 -0.5 0.0

Cereals and bakery products

293.366 291.749 294.591   0.4 1.0

Meats, poultry, fish, and eggs

255.219 250.683 250.865   -1.7 0.1

Dairy and related products

225.197 224.775 226.589   0.6 0.8

Fruits and vegetables

311.887 312.553 309.281   -0.8 -1.0

Nonalcoholic beverages and beverage materials

172.571 172.688 173.388   0.5 0.4

Other food at home

223.498 223.088 222.496   -0.4 -0.3

Food away from home

278.327 280.017 280.296 3.0 0.7 0.1

Alcoholic beverages

253.071 253.731 254.531 0.8 0.6 0.3

Housing

281.574 282.848 282.981 2.7 0.5 0.0

Shelter

348.276 349.926 350.467 2.8 0.6 0.2

Rent of primary residence(1)

349.889 350.585 350.756 2.4 0.2 0.0

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

359.918 360.764 361.602 2.7 0.5 0.2

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

359.669 360.510 361.343 2.7 0.5 0.2

Fuels and utilities

229.335 230.903 230.698 5.1 0.6 -0.1

Household energy

203.994 205.573 204.835 5.4 0.4 -0.4

Energy services(1)

200.253 202.578 201.668 2.4 0.7 -0.4

Electricity(1)

201.559 209.697 209.370 2.2 3.9 -0.2

Utility (piped) gas service(1)

182.562 175.207 173.417 4.3 -5.0 -1.0

Household furnishings and operations

120.108 120.029 119.058 -2.0 -0.9 -0.8

Apparel

133.247 133.571 127.969 -1.3 -4.0 -4.2

Transportation

207.639 210.975 211.842 5.6 2.0 0.4

Private transportation

199.980 202.964 203.986 6.7 2.0 0.5

New and used motor vehicles(3)

96.514 95.995 96.919 0.8 0.4 1.0

New vehicles

145.056 144.405 144.753 -0.2 -0.2 0.2

New cars and trucks(3)(4)

100.527 100.073 100.311 -0.2 -0.2 0.2

New cars(4)

133.868 133.281 134.122 -0.8 0.2 0.6

Used cars and trucks

145.294 144.337 144.905 -0.6 -0.3 0.4

Motor fuel

237.081 252.165 253.434 23.6 6.9 0.5

Gasoline (all types)

236.049 251.143 252.382 23.6 6.9 0.5

Gasoline, unleaded regular(4)

233.807 249.078 250.155 24.1 7.0 0.4

Gasoline, unleaded midgrade(4)(5)

247.333 262.082 264.991 21.5 7.1 1.1

Gasoline, unleaded premium(4)

241.824 254.886 257.071 19.6 6.3 0.9

Motor vehicle insurance(6)

620.681 620.681 617.184   -0.6 -0.6

Medical care

504.859 504.921 504.804 2.3 0.0 0.0

Medical care commodities

388.475 391.666 391.864 1.2 0.9 0.1

Medical care services

538.277 537.377 537.165 2.6 -0.2 0.0

Professional services

380.487 379.266 380.169 0.8 -0.1 0.2

Recreation(3)

124.184 123.315 124.030 0.0 -0.1 0.6

Education and communication(3)

139.679 140.123 140.936 1.0 0.9 0.6

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

1,210.467 1,210.763 1,218.826   0.7 0.7

Other goods and services

488.167 489.364 489.340 2.5 0.2 0.0

Commodity and service group

Commodities

191.390 192.327 191.708 2.8 0.2 -0.3

Commodities less food and beverages

154.209 155.449 154.544 3.5 0.2 -0.6

Nondurables less food and beverages

201.256 204.723 202.521 6.7 0.6 -1.1

Durables

102.828 102.223 102.410 -1.0 -0.4 0.2

Services

335.433 336.839 337.595 2.4 0.6 0.2

Special aggregate indexes

All items less shelter

235.922 236.926 236.876 2.4 0.4 0.0

All items less medical care

254.120 255.345 255.465 2.6 0.5 0.0

Commodities less food

157.831 159.061 158.200 3.4 0.2 -0.5

Nondurables

230.501 232.416 231.301 4.1 0.3 -0.5

Nondurables less food

204.260 207.557 205.535 6.2 0.6 -1.0

Services less rent of shelter(2)

333.226 334.401 335.405 1.9 0.7 0.3

Services less medical care services

321.452 323.016 323.838 2.4 0.7 0.3

Energy

217.608 224.829 224.930 13.1 3.4 0.0

All items less energy

272.153 272.698 272.809 1.7 0.2 0.0

All items less food and energy

276.113 276.756 276.860 1.7 0.3 0.0

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: Thursday, July 12, 2018