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News Release Information

21-1654-NEW
Tuesday, September 14, 2021

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Technical information:
Media contact:
  • (646) 264-3620

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

Area prices up 0.1 percent over the month and 3.7 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), ticked up 0.1 percent in August after inching down 0.1 percent in July, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that the August increase was largely attributable to higher prices for energy. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over-the-year, the CPI-U advanced 3.7 percent. (See chart 1 and table A.) The index for all items less food and energy increased 2.6 percent over the year. Energy prices jumped 21.7 percent, driven by an increase in the price of gasoline. Food prices rose 3.8 percent. (See table 1.)

Food

Food prices rose 0.5 percent in August. Prices for food at home increased 0.4 percent, with four of the six grocery categories recording increases. Candy and chewing gum, as well as snacks, were among the groceries with higher August prices. Prices for food away from home rose 0.6 percent.

From August 2020 to August 2021, food prices rose 3.8 percent. Prices for food away from home increased 5.1 percent, while prices for food at home advanced 2.7 percent.

Energy

The energy index rose 2.1 percent over the month, with a 2.9-percent increase in household energy prices. The increase was primarily due to higher prices for electricity (4.8 percent). Prices for natural gas rose 0.8 percent. Gasoline prices increased 0.9 percent, the smallest of a string of nine consecutive increases.

Energy prices climbed 21.7 percent over the year, largely due to a 42.3-percent jump in gasoline prices. Household energy prices advanced 10.2 percent, the fastest pace in over four years. Electricity prices were 8.2 percent higher than one year earlier, and natural gas prices were 10.4 percent higher.

All items less food and energy

The index for all items less food and energy inched down 0.1 percent in August. Among the items with price decreases were shelter (-0.3 percent) and recreation (-0.3 percent). A seasonal price increase for apparel (5.6 percent), along with higher prices for education and communication (0.9 percent) and for new vehicles (1.8 percent), largely offset declining components.

Over the year, the index for all items less food and energy rose 2.6 percent. Price increases for shelter (1.4 percent) and for new and used motor vehicles (11.5 percent) contributed to the rise.

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

0.21.70.12.20.21.8-0.11.40.13.7

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 September 2021 Consumer Price Index for the New York-Newark-Jersey City area is scheduled to be released on Wednesday, October 13, 2021 at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on August 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 August 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-
June
2021
July
2021
Aug.
2021
Aug.
2020
June
2021
July
2021

Expenditure category

All items

293.872293.553293.9273.70.00.1

All items (1967=100)

849.543848.622849.703   

Food and beverages

289.062291.148292.5543.71.20.5

Food

289.528291.792293.1323.81.20.5

Food at home

273.446275.851276.8182.71.20.4

Cereals and bakery products

305.328309.598315.5800.73.41.9

Meats, poultry, fish, and eggs

286.111291.533292.1277.82.10.2

Dairy and related products

242.056242.451241.0190.1-0.4-0.6

Fruits and vegetables

339.105338.818335.143-1.2-1.2-1.1

Nonalcoholic beverages and beverage materials(1)

267.008271.829272.9534.62.20.4

Other food at home

237.801238.153240.9772.11.31.2

Food away from home

320.230322.358324.2615.11.30.6

Alcoholic beverages

277.787277.395279.6743.00.70.8

Housing

316.315316.160316.0562.3-0.10.0

Shelter

398.824399.091397.8631.4-0.2-0.3

Rent of primary residence

408.583407.857408.408-0.20.00.1

Owners' equivalent rent of residences(2)

404.330404.717405.8501.20.40.3

Owners' equivalent rent of primary residence(2)

403.829404.215405.3471.20.40.3

Fuels and utilities

209.964208.162213.4189.51.62.5

Household energy

199.716197.404203.22210.21.82.9

Energy services

193.393190.860197.6628.92.23.6

Electricity

196.959191.781201.0438.22.14.8

Utility (piped) gas service

172.855175.819177.20210.42.50.8

Household furnishings and operations

118.934118.429118.6605.6-0.20.2

Apparel

124.798122.740129.5718.83.85.6

Transportation

246.962241.099238.07913.6-3.6-1.3

Private transportation

240.305234.872235.47415.0-2.00.3

New and used motor vehicles(3)

112.830105.561105.23511.5-6.7-0.3

New vehicles(1)

215.041217.239221.1706.32.91.8

Used cars and trucks(1)

383.799387.326382.34932.3-0.4-1.3

Motor fuel

245.017251.368253.53841.93.50.9

Gasoline (all types)

244.273250.605252.77642.33.50.9

Gasoline, unleaded regular(4)

243.384249.818251.96844.13.50.9

Gasoline, unleaded midgrade(4)(5)

252.773258.803261.30233.33.41.0

Gasoline, unleaded premium(4)

252.512258.270260.56630.13.20.9

Motor vehicle insurance(1)

777.224777.705784.4582.20.90.9

Medical care

534.576537.661537.734-0.40.60.0

Recreation(3)

134.423136.024135.6590.40.9-0.3

Education and communication(3)

152.071152.707154.1112.61.30.9

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

1,278.4361,282.9451,293.1882.11.20.8

Other goods and services

451.073454.453455.2162.40.90.2

Commodity and service group

All items

293.872293.553293.9273.70.00.1

Commodities

203.246204.398206.1117.61.40.8

Commodities less food and beverages

151.919152.579154.32411.11.61.1

Nondurables less food and beverages

188.302188.991192.31811.12.11.8

Durables

103.994104.561104.71711.00.70.1

Services

370.043368.615367.9982.1-0.6-0.2

Special aggregate indexes

All items less medical care

283.405282.944283.3304.00.00.1

All items less shelter

252.220251.669252.6795.20.20.4

Commodities less food

156.639157.272159.04410.61.51.1

Nondurables

239.814241.187243.6386.71.61.0

Nondurables less food

193.684194.311197.58110.42.01.7

Services less rent of shelter(2)

350.162346.951346.9583.0-0.90.0

Services less medical care services

355.208353.479352.8202.3-0.7-0.2

Energy

219.623220.523225.06021.72.52.1

All items less energy

303.305302.881302.9122.7-0.10.0

All items less food and energy

307.797306.931306.7482.6-0.3-0.1

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: Tuesday, September 14, 2021