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News Release Information

22-433-NEW
Thursday, March 10, 2022

Contacts Technical information: Media contact:
  • (617) 565-4141

Consumer Price Index, New York-Newark-Jersey City – February 2022

Area prices up 0.3 percent over the month and 5.1 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 0.3 percent in February, following a 1.1-percent increase in January, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted the increase was led by all items less food and 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 5.1 percent. (See chart 1 and table A.) The index for all items less food and energy increased 4.0 percent. Food prices rose 8.1 percent. Energy prices increased 15.7 percent, largely driven by higher prices for gasoline. (See table 1.)

Food

Food prices increased 0.6 percent in February. Prices for food at home rose 1.4 percent, with five of the six grocery categories recording increases. In contrast, prices for food away from home declined 0.5 percent.

Over the year, food prices rose 8.1 percent. Prices for food at home advanced 9.1 percent—the largest over-the-year increase since June 1987—driven by higher prices for meats, poultry, fish, and eggs (17.0 percent). Prices for food away from home increased 6.5 percent.

Energy

The energy index fell 6.0 percent in February, following a 9.4-percent increase in January. Household energy prices decreased 13.0 percent. Within household energy, a 23.3-percent drop in electricity prices followed a 28.2-percent increase in January. Natural gas prices rose 2.7 percent over the month. Gasoline prices increased 5.2 percent.  

Energy prices rose 15.7 percent over the year, primarily due to a 37.5-percent jump in gasoline prices. Household energy prices rose 2.4 percent, with a 16.4-percent increase in natural gas prices. In contrast, electricity prices declined 10.3 percent.

All items less food and energy

The index for all items less food and energy rose 0.8 percent in February. Shelter prices rose 0.6 percent—the largest over-the-month increase since September 2015—with both owners’ equivalent rent and residential rent rising 0.5 percent. New and used motor vehicle prices advanced 1.7 percent over the month, with new vehicle prices increasing 1.4 percent. Prices for other goods and services advanced 2.6 percent, while prices for household furnishings and operations rose 1.0 percent.   

From February 2021 to February 2022, the index for all items less food and energy advanced 4.0 percent. A 19.0-percent increase in prices for new and used motor vehicles included a 42.7-percent jump in prices for used cars and trucks. Prices for shelter rose 1.9 percent, with owners’ equivalent rent up 2.2 percent, and residential rent up 1.2 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
Month20182019202020212022
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.41.40.51.60.82.50.41.21.15.1

February

0.51.70.21.30.22.40.31.40.35.1

March

0.01.70.31.6-0.22.00.42.0

April

0.31.90.31.6-0.51.10.73.2

May

0.42.20.21.50.51.40.53.2

June

0.12.00.31.70.11.31.04.1

July

0.02.20.01.70.51.7-0.13.5

August

0.12.20.21.8-0.11.40.13.7

September

0.42.00.01.40.41.90.53.8

October

-0.12.00.01.5-0.21.70.34.3

November

-0.21.90.11.8-0.31.40.35.0

December

-0.21.60.12.20.41.6-0.24.4

The March 2022 Consumer Price Index for the New York-Newark-Jersey City area is scheduled to be released on Tuesday, April 12, 2022 at 8:30 a.m. (ET).


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; Telecommunications Relay Service: 7-1-1.

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-
Dec.
2021
Jan.
2022
Feb.
2022
Feb.
2021
Dec.
2021
Jan.
2022

Expenditure category

All items

296.865300.164301.1515.11.40.3

All items (1967=100)

858.197867.732870.587   

Food and beverages

301.014303.790305.7767.61.60.7

Food

302.121305.120307.0798.11.60.6

Food at home

284.340287.860291.8119.12.61.4

Cereals and bakery products

325.086332.357337.7119.03.91.6

Meats, poultry, fish, and eggs

302.863305.910307.03717.01.40.4

Dairy and related products

249.876251.814250.9015.40.4-0.4

Fruits and vegetables

342.009347.452359.2675.75.03.4

Nonalcoholic beverages and beverage materials(1)

278.989279.959284.5245.52.01.6

Other food at home

245.372248.448251.5896.92.51.3

Food away from home

335.567337.654336.0706.50.1-0.5

Alcoholic beverages

280.751280.225282.5721.40.60.8

Housing

316.425321.255319.6602.51.0-0.5

Shelter

397.582398.680401.1511.90.90.6

Rent of primary residence

410.839412.105414.2991.20.80.5

Owners' equivalent rent of residences(2)

408.337409.451411.5372.20.80.5

Owners' equivalent rent of primary residence(2)

407.832408.944411.0282.20.80.5

Fuels and utilities

210.056241.143213.7332.61.8-11.4

Household energy

199.504233.771203.4272.42.0-13.0

Energy services

189.511223.665189.255-1.9-0.1-15.4

Electricity

177.392227.366174.289-10.3-1.7-23.3

Utility (piped) gas service

200.794200.786206.28116.42.72.7

Household furnishings and operations

123.350123.887125.1408.31.51.0

Apparel

121.188128.412129.7462.77.11.0

Transportation

247.278246.742251.93414.01.92.1

Private transportation

247.184246.527251.48717.71.72.0

New and used motor vehicles(3)

112.455112.077114.02919.01.41.7

New vehicles(1)

236.025241.217244.66215.93.71.4

Used cars and trucks(1)

402.629408.751413.17042.72.61.1

Motor fuel

273.756270.875285.02537.44.15.2

Gasoline (all types)

272.929270.016284.07137.54.15.2

Gasoline, unleaded regular(4)

272.403269.403283.87638.74.25.4

Gasoline, unleaded midgrade(4)(5)

280.706278.186289.98433.23.34.2

Gasoline, unleaded premium(4)

279.159276.805288.24429.83.34.1

Motor vehicle insurance(1)

783.181     

Medical care

542.646552.105552.2553.21.80.0

Recreation(3)

138.384139.592140.3217.91.40.5

Education and communication(3)

155.115155.078155.6903.20.40.4

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

1,302.7431,303.2211,303.1782.40.00.0

Other goods and services

460.486456.460468.4787.51.72.6

Commodity and service group

All items

296.865300.164301.1515.11.40.3

Commodities

211.471214.655217.39211.02.81.3

Commodities less food and beverages

157.953161.046163.86913.93.71.8

Nondurables less food and beverages

194.047198.110202.43311.54.32.2

Durables

109.670111.650113.06218.23.11.3

Services

369.208372.564371.9762.60.7-0.2

Special aggregate indexes

All items less medical care

286.182289.230290.2455.31.40.4

All items less shelter

256.895261.036261.4457.21.80.2

Commodities less food

162.619165.648168.48513.23.61.7

Nondurables

248.642252.119255.3449.22.71.3

Nondurables less food

199.273203.080207.29610.74.02.1

Services less rent of shelter(2)

349.746355.756351.6673.50.5-1.1

Services less medical care services

353.729356.541355.9392.50.6-0.2

Energy

230.256251.912236.89415.72.9-6.0

All items less energy

305.694307.526309.8364.51.40.8

All items less food and energy

308.535310.174312.5634.01.30.8

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, March 10, 2022