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News Release Information

22-2160-NEW
Thursday, November 10, 2022

Contacts Technical information: Media contact:
  • (646) 264-3623

Consumer Price Index, New York-Newark-Jersey City — October 2022

Area prices up 0.1 percent over the month and 6.0 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 up 0.1 percent in October following a 0.2-percent increase in September, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley attributed the increase to higher prices for food and other non-energy items. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U increased 6.0 percent, while the index for all items less food and energy increased 4.9 percent. (See chart 1 and table A.) Food prices rose 8.6 percent. Energy prices increased 15.0 percent. (See table 1.)

Food

The October food index increased 0.6 percent, with prices for food at home and food away from home both increasing 0.6 percent. Four of the six grocery categories recorded increases. Among grocery items with higher October prices were nonfrozen noncarbonated juices and drinks and eggs.

Over the year, food prices rose 8.6 percent. At-home food prices increased 10.4 percent, and away-from-home food prices increased 5.9 percent.

Energy

The energy index decreased 0.5 percent, after declining 5.4 percent in September. Gasoline prices declined 2.5 percent. Household energy prices rose 0.7 percent, with higher fuel oil prices partially offset by declining electricity prices (-3.9 percent). Natural gas prices were unchanged.

For the year ending October 2022, energy prices rose 15.0 percent. Household energy prices rose 20.4 percent, including higher prices for fuel oil, natural gas (24.1 percent), and electricity (10.0 percent). Gasoline prices increased 6.9 percent over the year.

All items less food and energy

The index for all items less food and energy edged up 0.1 percent, after increasing 0.7 percent in September. A 0.4-percent increase in shelter prices led the change, with increases of 0.4 percent reported for both owners’ equivalent rent and residential rent. Recreation prices increase 2.0 percent over the month. Prices declined for new and used motor vehicles (-2.2 percent), apparel (-2.7 percent), and medical care (-0.5 percent).

Over the year, the index for all items less food and energy increased 4.9 percent. Shelter prices, up 4.1 percent, included a 4.2-percent increase for owners’ equivalent rent and a 3.3-percent increase for residential rent. Prices for new and used motor vehicles were up 12.9 percent. Medical care prices increased 7.9 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
Month 2018 2019 2020 2021 2022
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 1.4 0.5 1.6 0.8 2.5 0.4 1.2 1.1 5.1

February

0.5 1.7 0.2 1.3 0.2 2.4 0.3 1.4 0.3 5.1

March

0.0 1.7 0.3 1.6 -0.2 2.0 0.4 2.0 1.3 6.1

April

0.3 1.9 0.3 1.6 -0.5 1.1 0.7 3.2 0.9 6.3

May

0.4 2.2 0.2 1.5 0.5 1.4 0.5 3.2 0.5 6.3

June

0.1 2.0 0.3 1.7 0.1 1.3 1.0 4.1 1.4 6.7

July

0.0 2.2 0.0 1.7 0.5 1.7 -0.1 3.5 -0.3 6.5

August

0.1 2.2 0.2 1.8 -0.1 1.4 0.1 3.7 0.2 6.6

September

0.4 2.0 0.0 1.4 0.4 1.9 0.5 3.8 0.2 6.2

October

-0.1 2.0 0.0 1.5 -0.2 1.7 0.3 4.3 0.1 6.0

November

-0.2 1.9 0.1 1.8 -0.3 1.4 0.3 5.0

December

-0.2 1.6 0.1 2.2 0.4 1.6 -0.2 4.4

The November 2022 Consumer Price Index for the New York-Newark-Jersey City area is scheduled to be released on Tuesday, December 13, 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 Group Indexes Percent change from-
Aug.
2022
Sept.
2022
Oct.
2022
Oct.
2021
Aug.
2022
Sept.
2022

Expenditure category

All items

313.280 313.880 314.338 6.0 0.3 0.1

All items (1967=100)

905.650 907.384 908.707      

Food and beverages

321.344 321.447 323.412 8.5 0.6 0.6

Food

322.899 322.838 324.816 8.6 0.6 0.6

Food at home

309.877 308.665 310.550 10.4 0.2 0.6

Cereals and bakery products

366.000 365.245 373.297 16.7 2.0 2.2

Meats, poultry, fish, and eggs

319.374 315.370 317.735 6.6 -0.5 0.7

Dairy and related products

265.663 267.570 266.022 10.1 0.1 -0.6

Fruits and vegetables

370.153 375.459 376.440 10.5 1.7 0.3

Nonalcoholic beverages and beverage materials(1)

305.963 298.191 306.939 10.0 0.3 2.9

Other food at home

276.296 274.851 272.672 11.5 -1.3 -0.8

Food away from home

347.972 349.964 352.119 5.9 1.2 0.6

Alcoholic beverages

294.268 296.748 298.499 7.3 1.4 0.6

Housing

331.064 332.460 333.699 5.5 0.8 0.4

Shelter

409.148 411.946 413.770 4.1 1.1 0.4

Rent of primary residence

420.194 422.015 423.709 3.3 0.8 0.4

Owners' equivalent rent of residences(2)

420.031 422.618 424.372 4.2 1.0 0.4

Owners' equivalent rent of primary residence(2)

419.511 422.095 423.846 4.2 1.0 0.4

Fuels and utilities

255.108 252.862 254.865 18.4 -0.1 0.8

Household energy

248.129 245.319 247.060 20.4 -0.4 0.7

Energy services

231.253 229.340 223.510 14.7 -3.3 -2.5

Electricity

221.271 217.457 208.940 10.0 -5.6 -3.9

Utility (piped) gas service

235.359 237.399 237.375 24.1 0.9 0.0

Household furnishings and operations

128.784 128.183 127.314 5.8 -1.1 -0.7

Apparel

130.923 133.312 129.743 0.8 -0.9 -2.7

Transportation

272.659 270.454 267.935 9.9 -1.7 -0.9

Private transportation

273.017 270.048 267.152 10.4 -2.1 -1.1

New and used motor vehicles(3)

122.933 125.586 122.803 12.9 -0.1 -2.2

New vehicles(1)

253.150 254.620 254.787 8.8 0.6 0.1

Used cars and trucks(1)

414.887 397.046 387.770 2.1 -6.5 -2.3

Motor fuel

330.598 292.852 285.758 7.2 -13.6 -2.4

Gasoline (all types)

329.190 291.441 284.268 6.9 -13.6 -2.5

Gasoline, unleaded regular(4)

327.078 288.716 281.763 6.2 -13.9 -2.4

Gasoline, unleaded midgrade(4)(5)

345.211 309.329 299.876 9.9 -13.1 -3.1

Gasoline, unleaded premium(4)

346.957 313.305 304.637 12.0 -12.2 -2.8

Medical care

577.213 582.938 580.004 7.9 0.5 -0.5

Recreation(3)

142.332 141.277 144.058 3.7 1.2 2.0

Education and communication(3)

156.553 156.339 156.708 0.9 0.1 0.2

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

1,330.256 1,330.562 1,341.453 2.7 0.8 0.8

Other goods and services

470.212 476.643 484.434 3.8 3.0 1.6

Commodity and service group

All items

313.280 313.880 314.338 6.0 0.3 0.1

Commodities

226.731 224.197 224.172 6.6 -1.1 0.0

Commodities less food and beverages

169.918 166.515 165.681 5.0 -2.5 -0.5

Nondurables less food and beverages

214.854 208.745 208.528 6.1 -2.9 -0.1

Durables

114.067 112.939 111.843 4.5 -1.9 -1.0

Services

386.436 389.828 390.710 5.8 1.1 0.2

Special aggregate indexes

All items less medical care

301.831 302.232 302.817 5.9 0.3 0.2

All items less shelter

275.141 274.886 274.812 7.2 -0.1 0.0

Commodities less food

174.737 171.454 170.679 5.2 -2.3 -0.5

Nondurables

269.445 266.314 267.165 7.5 -0.8 0.3

Nondurables less food

219.692 214.066 213.962 6.2 -2.6 0.0

Services less rent of shelter(2)

373.917 378.068 377.900 7.9 1.1 0.0

Services less medical care services

369.286 372.339 373.465 5.4 1.1 0.3

Energy

282.833 267.439 266.048 15.0 -5.9 -0.5

All items less energy

319.333 321.250 321.865 5.5 0.8 0.2

All items less food and energy

321.010 323.291 323.668 4.9 0.8 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: Thursday, November 10, 2022