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News Release Information

21-1488-NEW
Wednesday, August 11, 2021

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Technical information:
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  • (646) 264-3620

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

Area prices down 0.1 percent over the month and up 3.5 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), edged down 0.1 percent in July, following increases of 1.0 percent in June and 0.5 percent in May, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that lower prices for all items less food and energy were largely offset by increases in food and energy prices. (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 3.5 percent. (See chart 1 and table A.) The index for all items less food and energy increased 2.7 percent. Energy prices jumped 17.0 percent, largely the result of an increase in the price of gasoline. Food prices increased 3.4 percent. (See table 1.)

Food

Food prices increased 0.8 percent for the month of July. Prices for food at home rose 0.9 percent. Five of the six grocery categories had price increases, with the largest increase in the meats, poultry, fish and eggs category (1.9 percent). Prices for food away from home increased 0.7 percent.

For the year ended in July 2021, food prices increased 3.4 percent. Prices for food away from home advanced 5.2 percent, while prices for food at home rose 1.9 percent.

Energy

The energy index rose 0.4 percent over the month. The increase was mainly due to higher prices for gasoline (2.6 percent). Prices for natural gas increased 1.7 percent. These increases were partially offset by a 2.6-percent decline in electricity prices.  

Over the year, energy prices rose 17.0 percent, largely due to a 40.3-percent climb in gasoline prices. Prices paid for natural gas advanced 9.8 percent, while prices for electricity declined 1.0 percent.

All items less food and energy

The index for all items less food and energy decreased 0.3 percent in July. Prices for new and used motor vehicles fell 6.4 percent, following five consecutive months of increases ranging from 1.2 to 7.3 percent. Apparel prices, typically down in July, declined 1.6 percent. These decreases were partially offset by higher prices for recreation (1.2 percent), medical care (0.6 percent), and education and communication (0.4 percent).

From July 2020 to July 2021, the index for all items less food and energy rose 2.7 percent. Components with over-the-year increases included shelter (1.8 percent), new and used motor vehicles (12.8 percent), and household furnishings and operations (6.6 percent). Within new and used motor vehicles, used car and truck prices jumped 41.9 percent, while new vehicle prices rose 3.4 percent.

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

0.21.80.12.00.31.70.11.31.04.1

July

-0.21.60.02.20.01.70.51.7-0.13.5

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 August 2021 Consumer Price Index for the New York-Newark-Jersey City area is scheduled to be released on Tuesday, September 14, 2021, at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on July 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 July 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-
May
2021
June
2021
July
2021
July
2020
May
2021
June
2021

Expenditure category

All items

290.991293.872293.5533.50.9-0.1

All items (1967=100)

841.216849.543848.622   

Food and beverages

286.955289.062291.1483.31.50.7

Food

287.277289.528291.7923.41.60.8

Food at home

271.019273.446275.8511.91.80.9

Cereals and bakery products

313.059305.328309.598-4.6-1.11.4

Meats, poultry, fish, and eggs

275.305286.111291.5337.65.91.9

Dairy and related products

239.570242.056242.4511.71.20.2

Fruits and vegetables

339.627339.105338.818-0.4-0.2-0.1

Nonalcoholic beverages and beverage materials(1)

266.678267.008271.8293.11.91.8

Other food at home

236.062237.801238.1531.20.90.1

Food away from home

318.164320.230322.3585.21.30.7

Alcoholic beverages

277.704277.787277.3952.5-0.1-0.1

Housing

313.864316.315316.1602.30.70.0

Shelter

396.656398.824399.0911.80.60.1

Rent of primary residence

408.391408.583407.857-0.2-0.1-0.2

Owners' equivalent rent of residences(2)

403.677404.330404.7171.10.30.1

Owners' equivalent rent of primary residence(2)

403.177403.829404.2151.10.30.1

Fuels and utilities

203.536209.964208.1624.42.3-0.9

Household energy

192.869199.716197.4044.32.4-1.2

Energy services

186.784193.393190.8602.12.2-1.3

Electricity

189.853196.959191.781-1.01.0-2.6

Utility (piped) gas service

167.704172.855175.8199.84.81.7

Household furnishings and operations

117.974118.934118.4296.60.4-0.4

Apparel

125.626124.798122.7407.2-2.3-1.6

Transportation

239.716246.962241.09912.50.6-2.4

Private transportation

231.454240.305234.87215.11.5-2.3

New and used motor vehicles(3)

105.142112.830105.56112.80.4-6.4

New vehicles(1)

212.325215.041217.2393.42.31.0

Used cars and trucks(1)

346.261383.799387.32641.911.90.9

Motor fuel

240.649245.017251.36839.94.52.6

Gasoline (all types)

239.911244.273250.60540.34.52.6

Gasoline, unleaded regular(4)

239.048243.384249.81841.94.52.6

Gasoline, unleaded midgrade(4)(5)

247.797252.773258.80332.24.42.4

Gasoline, unleaded premium(4)

248.008252.512258.27029.24.12.3

Motor vehicle insurance(1)

777.224777.224777.7050.70.10.1

Medical care

537.225534.576537.661-0.30.10.6

Recreation(3)

130.743134.423136.0241.74.01.2

Education and communication(3)

151.377152.071152.7072.00.90.4

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

1,274.8931,278.4361,282.9451.50.60.4

Other goods and services

449.505451.073454.4532.11.10.7

Commodity and service group

All items

290.991293.872293.5533.50.9-0.1

Commodities

201.131203.246204.3987.51.60.6

Commodities less food and beverages

149.932151.919152.57911.31.80.4

Nondurables less food and beverages

188.274188.302188.99110.70.40.4

Durables

100.462103.994104.56112.44.10.5

Services

366.507370.043368.6151.90.6-0.4

Special aggregate indexes

All items less medical care

280.296283.405282.9443.80.9-0.2

All items less shelter

249.056252.220251.6694.61.0-0.2

Commodities less food

154.697156.639157.27210.81.70.4

Nondurables

238.782239.814241.1876.31.00.6

Nondurables less food

193.653193.684194.31110.00.30.3

Services less rent of shelter(2)

345.127350.162346.9512.10.5-0.9

Services less medical care services

351.360355.208353.4792.10.6-0.5

Energy

213.605219.623220.52317.03.20.4

All items less energy

300.654303.305302.8812.80.7-0.1

All items less food and energy

305.062307.797306.9312.70.6-0.3

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: Wednesday, August 11, 2021