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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
Month 2017 2018 2019 2020 2021
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 2.5 0.4 1.4 0.5 1.6 0.8 2.5 0.4 1.2

February

0.3 2.6 0.5 1.7 0.2 1.3 0.2 2.4 0.3 1.4

March

0.0 2.3 0.0 1.7 0.3 1.6 -0.2 2.0 0.4 2.0

April

0.1 2.0 0.3 1.9 0.3 1.6 -0.5 1.1 0.7 3.2

May

0.1 1.8 0.4 2.2 0.2 1.5 0.5 1.4 0.5 3.2

June

0.2 1.8 0.1 2.0 0.3 1.7 0.1 1.3 1.0 4.1

July

-0.2 1.6 0.0 2.2 0.0 1.7 0.5 1.7 -0.1 3.5

August

0.2 1.7 0.1 2.2 0.2 1.8 -0.1 1.4 0.1 3.7

September

0.5 2.1 0.4 2.0 0.0 1.4 0.4 1.9

October

-0.2 1.8 -0.1 2.0 0.0 1.5 -0.2 1.7

November

-0.1 1.6 -0.2 1.9 0.1 1.8 -0.3 1.4

December

0.1 1.6 -0.2 1.6 0.1 2.2 0.4 1.6

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 Group Indexes Percent change from-
June
2021
July
2021
Aug.
2021
Aug.
2020
June
2021
July
2021

Expenditure category

All items

293.872 293.553 293.927 3.7 0.0 0.1

All items (1967=100)

849.543 848.622 849.703      

Food and beverages

289.062 291.148 292.554 3.7 1.2 0.5

Food

289.528 291.792 293.132 3.8 1.2 0.5

Food at home

273.446 275.851 276.818 2.7 1.2 0.4

Cereals and bakery products

305.328 309.598 315.580 0.7 3.4 1.9

Meats, poultry, fish, and eggs

286.111 291.533 292.127 7.8 2.1 0.2

Dairy and related products

242.056 242.451 241.019 0.1 -0.4 -0.6

Fruits and vegetables

339.105 338.818 335.143 -1.2 -1.2 -1.1

Nonalcoholic beverages and beverage materials(1)

267.008 271.829 272.953 4.6 2.2 0.4

Other food at home

237.801 238.153 240.977 2.1 1.3 1.2

Food away from home

320.230 322.358 324.261 5.1 1.3 0.6

Alcoholic beverages

277.787 277.395 279.674 3.0 0.7 0.8

Housing

316.315 316.160 316.056 2.3 -0.1 0.0

Shelter

398.824 399.091 397.863 1.4 -0.2 -0.3

Rent of primary residence

408.583 407.857 408.408 -0.2 0.0 0.1

Owners' equivalent rent of residences(2)

404.330 404.717 405.850 1.2 0.4 0.3

Owners' equivalent rent of primary residence(2)

403.829 404.215 405.347 1.2 0.4 0.3

Fuels and utilities

209.964 208.162 213.418 9.5 1.6 2.5

Household energy

199.716 197.404 203.222 10.2 1.8 2.9

Energy services

193.393 190.860 197.662 8.9 2.2 3.6

Electricity

196.959 191.781 201.043 8.2 2.1 4.8

Utility (piped) gas service

172.855 175.819 177.202 10.4 2.5 0.8

Household furnishings and operations

118.934 118.429 118.660 5.6 -0.2 0.2

Apparel

124.798 122.740 129.571 8.8 3.8 5.6

Transportation

246.962 241.099 238.079 13.6 -3.6 -1.3

Private transportation

240.305 234.872 235.474 15.0 -2.0 0.3

New and used motor vehicles(3)

112.830 105.561 105.235 11.5 -6.7 -0.3

New vehicles(1)

215.041 217.239 221.170 6.3 2.9 1.8

Used cars and trucks(1)

383.799 387.326 382.349 32.3 -0.4 -1.3

Motor fuel

245.017 251.368 253.538 41.9 3.5 0.9

Gasoline (all types)

244.273 250.605 252.776 42.3 3.5 0.9

Gasoline, unleaded regular(4)

243.384 249.818 251.968 44.1 3.5 0.9

Gasoline, unleaded midgrade(4)(5)

252.773 258.803 261.302 33.3 3.4 1.0

Gasoline, unleaded premium(4)

252.512 258.270 260.566 30.1 3.2 0.9

Motor vehicle insurance(1)

777.224 777.705 784.458 2.2 0.9 0.9

Medical care

534.576 537.661 537.734 -0.4 0.6 0.0

Recreation(3)

134.423 136.024 135.659 0.4 0.9 -0.3

Education and communication(3)

152.071 152.707 154.111 2.6 1.3 0.9

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

1,278.436 1,282.945 1,293.188 2.1 1.2 0.8

Other goods and services

451.073 454.453 455.216 2.4 0.9 0.2

Commodity and service group

All items

293.872 293.553 293.927 3.7 0.0 0.1

Commodities

203.246 204.398 206.111 7.6 1.4 0.8

Commodities less food and beverages

151.919 152.579 154.324 11.1 1.6 1.1

Nondurables less food and beverages

188.302 188.991 192.318 11.1 2.1 1.8

Durables

103.994 104.561 104.717 11.0 0.7 0.1

Services

370.043 368.615 367.998 2.1 -0.6 -0.2

Special aggregate indexes

All items less medical care

283.405 282.944 283.330 4.0 0.0 0.1

All items less shelter

252.220 251.669 252.679 5.2 0.2 0.4

Commodities less food

156.639 157.272 159.044 10.6 1.5 1.1

Nondurables

239.814 241.187 243.638 6.7 1.6 1.0

Nondurables less food

193.684 194.311 197.581 10.4 2.0 1.7

Services less rent of shelter(2)

350.162 346.951 346.958 3.0 -0.9 0.0

Services less medical care services

355.208 353.479 352.820 2.3 -0.7 -0.2

Energy

219.623 220.523 225.060 21.7 2.5 2.1

All items less energy

303.305 302.881 302.912 2.7 -0.1 0.0

All items less food and energy

307.797 306.931 306.748 2.6 -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