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News Release Information

21-1038-NEW
Thursday, June 10, 2021

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  • (646) 264-3620

Consumer Price Index, New York-Newark-Jersey City – May 2021

Area prices up 0.5 percent over the month and 3.2 percent over the year

Prices in the New York-Newark-Jersey City area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.5 percent in May, following a 0.7-percent increase in April, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that the increase was influenced by higher prices for all items less food and energy. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over-the-year, the CPI-U rose 3.2 percent. (See chart 1 and table A.) Energy prices jumped 20.3 percent, largely the result of an increase in the price of gasoline. Food prices increased 0.9 percent. The index for all items less food and energy rose 2.5 percent. (See table 1.)

Food

The food index was unchanged in May. Higher prices for food away from home (0.3 percent) were offset by declines in at-home food prices (-0.2 percent). Four of the six grocery indexes within food-at-home reported declines.

Over-the-year, the food index was up 0.9 percent. Prices for food away from home increased 3.8 percent, while at-home food prices declined 1.4 percent.

Energy

The energy index rose 2.4 percent in May, after a 3.5-percent rise in April. Gasoline prices rose 4.2 percent. Household energy prices increased 1.2 percent, with a 2.5-percent rise in electricity prices partially offset by a 2.0-percent decline in natural gas.    

From May 2020 to May 2021, energy prices increased 20.3 percent. Driving the increase, gasoline prices jumped 41.2 percent—the largest advance since 2010. Price increases for household energy (8.8 percent) also contributed to the rise in energy prices.

All items less food and energy

The index for all items less food and energy rose 0.5 percent in May. Among categories with May increases were used cars and trucks (6.6 percent), household furnishings and operations (0.9 percent), apparel (0.8 percent), and shelter (0.3 percent).

For the year ended in May 2021, the index for all items less food and energy increased 2.5 percent. Apparel rose 11.6 percent—the largest over-the-year increase since March 1989, and household furnishings and operations rose 9.2 percent—the largest advance in more than 40 years. New and used motor vehicle prices rose 12.8 percent, with used car and truck prices jumping 29.6 percent. Shelter rose 1.3 percent, which included a 0.9-percent increase in owners’ equivalent rent.

Table A. New York-Newark-Jersey City, NY-NJ-PA, CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month20172018201920202021
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.62.50.41.40.51.60.82.50.41.2

February

0.32.60.51.70.21.30.22.40.31.4

March

0.02.30.01.70.31.6-0.22.00.42.0

April

0.12.00.31.90.31.6-0.51.10.73.2

May

0.11.80.42.20.21.50.51.40.53.2

June

0.21.80.12.00.31.70.11.3

July

-0.21.60.02.20.01.70.51.7

August

0.21.70.12.20.21.8-0.11.4

September

0.52.10.42.00.01.40.41.9

October

-0.21.8-0.12.00.01.5-0.21.7

November

-0.11.6-0.21.90.11.8-0.31.4

December

0.11.6-0.21.60.12.20.41.6

The June 2021 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Tuesday, July 13, 2021, at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on May 2021 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in May was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. 

While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at

https://www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


Technical Note

The Consumer Price Index (CPI) is a measures 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 New York-Newark-Jersey City, NY-NJ-PA Core Based Statistical Area includes Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York; Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, and Union Counties in New Jersey; and Pike County in Pennsylvania.

Information in this release will be made available to individuals with sensory impairments 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, New York-Newark-Jersey City, NY-NJ-PA, not seasonally adjusted
(1982-84=100 unless otherwise noted)
Item and GroupIndexesPercent change from-
March
2021
April
2021
May
2021
May
2020
March
2021
April
2021

Expenditure category

All items

287.481289.493290.9913.21.20.5

All items (1967=100)

831.067836.885841.216   

Food and beverages

284.883287.011286.9551.00.70.0

Food

285.064287.250287.2770.90.80.0

Food at home

268.347271.550271.019-1.41.0-0.2

Cereals and bakery products

303.628315.173313.0591.53.1-0.7

Meats, poultry, fish, and eggs

269.027274.012275.305-3.22.30.5

Dairy and related products

241.454241.696239.570-2.0-0.8-0.9

Fruits and vegetables

346.307341.386339.6270.1-1.9-0.5

Nonalcoholic beverages and beverage materials(1)

269.176268.312266.678-2.4-0.9-0.6

Other food at home

230.122235.774236.062-1.52.60.1

Food away from home

316.538317.349318.1643.80.50.3

Alcoholic beverages

277.606278.888277.7041.80.0-0.4

Housing

310.552312.728313.8642.41.10.4

Shelter

394.286395.644396.6561.30.60.3

Rent of primary residence

408.227408.794408.3910.10.0-0.1

Owners' equivalent rent of residences(2)

402.372403.234403.6770.90.30.1

Owners' equivalent rent of primary residence(2)

401.873402.735403.1770.90.30.1

Fuels and utilities

193.473201.608203.5368.05.21.0

Household energy

181.670190.667192.8698.86.21.2

Energy services

174.193184.739186.7846.27.21.1

Electricity

167.492185.167189.8537.513.42.5

Utility (piped) gas service

175.635171.113167.7043.3-4.5-2.0

Household furnishings and operations

115.735116.919117.9749.21.90.9

Apparel

128.362124.678125.62611.6-2.10.8

Transportation

227.756233.736239.71614.65.32.6

Private transportation

222.646227.887231.45417.04.01.6

New and used motor vehicles(3)

99.374103.688105.14212.85.81.4

New vehicles(1)

211.071213.183212.3250.60.6-0.4

Used cars and trucks(1)

296.015324.917346.26129.617.06.6

Motor fuel

227.671231.080240.64940.75.74.1

Gasoline (all types)

226.859230.269239.91141.25.84.2

Gasoline, unleaded regular(4)

225.485228.945239.04843.16.04.4

Gasoline, unleaded midgrade(4)(5)

235.458238.882247.79731.65.23.7

Gasoline, unleaded premium(4)

238.980241.999248.00828.63.82.5

Motor vehicle insurance(1)

777.234777.234777.22414.00.00.0

Medical care

534.617536.584537.2251.00.50.1

Recreation(3)

130.501130.753130.743-6.30.20.0

Education and communication(3)

151.034151.253151.3772.30.20.1

Tuition, other school fees, and child care(1)

1,272.3871,272.3871,274.8931.40.20.2

Other goods and services

449.941449.590449.5052.0-0.10.0

Commodity and service group

All items

287.481289.493290.9913.21.20.5

Commodities

198.043199.643201.1316.31.60.7

Commodities less food and beverages

146.576147.839149.93211.32.31.4

Nondurables less food and beverages

186.010185.512188.27412.61.21.5

Durables

96.47499.179100.4629.14.11.3

Services

362.581364.959366.5071.91.10.4

Special aggregate indexes

All items less medical care

276.752278.764280.2963.31.30.5

All items less shelter

245.093247.366249.0564.41.60.7

Commodities less food

151.418152.689154.69710.72.21.3

Nondurables

236.576237.337238.7825.60.90.6

Nondurables less food

191.512191.117193.65311.71.11.3

Services less rent of shelter(2)

339.566343.048345.1272.71.60.6

Services less medical care services

347.407349.744351.3602.01.10.5

Energy

201.575208.610213.60520.36.02.4

All items less energy

297.816299.431300.6542.31.00.4

All items less food and energy

302.100303.634305.0622.51.00.5

Footnotes
(1) Indexes on a December 1977=100 base.
(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.

 

Last Modified Date: Thursday, June 10, 2021