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19-2024-NEW
Wednesday, November 13, 2019

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Consumer Price Index, New York-Newark-Jersey City – October 2019

Area prices unchanged over the month and up 1.5 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), were flat in October, for the third time in the past four months, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli said that the index was influenced by declining energy prices and rising food 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 advanced 1.5 percent. The index for all items less food and energy increased 2.1 percent. (See table A and chart 1.) Price increases for shelter drove the 12-month change in both indexes. (See table 1.)

Food

The food index increased 0.5 percent after inching up 0.1 in September. Prices for food at home jumped 0.9 percent, with higher prices recorded in five of the six grocery groups. Coffee; lettuce; and rice, pasta, cornmeal were among the groceries with price increases in October. In contrast, prices for food away from home ticked down 0.1 percent.

Over the year, the food index advanced 2.0 percent. Away-from-home food prices rose 2.9 percent, and at-home food prices increased 1.3 percent.

Energy

The energy index dropped 1.6 percent after declining 1.7 percent for two consecutive months. Prices for household energy fell 1.9 percent following a 0.6-percent rise in September. The downturn was largely attributable to a seasonal decline in electricity prices (-5.5 percent). Price increases for natural gas (2.6 percent) tempered the decline. Consumer prices also decreased for gasoline (-1.0 percent), a fifth consecutive decline.   

For the year ended in October 2019, the energy index fell 6.0 percent, the largest 12-month decline in over three years. Gasoline prices dropped 9.9 percent. Household energy prices were down 3.1 percent—a 5.9-percent decline in electricity prices was partially offset by a 5.6-percent rise in natural gas prices.

All items less food and energy

The index for all items less food and energy was unchanged in October. Falling prices for lodging away from home drove a 0.3-percent decline in shelter prices. Owners’ equivalent rent and residential rent were little changed. Other declining categories included apparel (-1.4 percent) and household furnishings and operations (-0.9 percent). Offsetting the price declines were rising prices for recreation (3.2 percent, with higher admissions), medical care (0.2 percent), and other goods and services (0.5 percent).

From October 2018 to October 2019, the index for all items less food and energy increased 2.1 percent. A 2.1-percent increase in shelter prices included a 2.9-percent rise in residential rent and a 1.8-percent increase in owners’ equivalent rent. Medical care prices rose 4.9 percent, and recreation prices advanced 4.3 percent. A 4.3-percent rise in prices for tuition, other school fees, and childcare contributed to a 2.9-percent increase in prices for education and communication.

Table A. New York-Newark-Jersey City CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month 2014 2015 2016 2017 2018 2019
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.9 1.9 0.1 -0.5 0.2 0.8 0.6 2.5 0.4 1.4 0.5 1.6

February

-0.2 1.1 0.3 0.1 0.2 0.6 0.3 2.6 0.5 1.7 0.2 1.3

March

0.4 1.3 0.2 -0.1 0.2 0.7 0.0 2.3 0.0 1.7 0.3 1.6

April

0.0 1.6 0.1 0.0 0.4 1.0 0.1 2.0 0.3 1.9 0.3 1.6

May

0.5 1.9 0.4 -0.1 0.3 0.9 0.1 1.8 0.4 2.2 0.2 1.5

June

0.0 1.7 0.2 0.1 0.2(R) 0.9(R) 0.2 1.8 0.1 2.0 0.3 1.7

July

0.1 1.6 -0.1 -0.1 -0.1 1.0 -0.2 1.6 0.0 2.2 0.0 1.7

August

-0.2 1.3 0.1 0.1 0.2 1.1 0.2 1.7 0.1 2.2 0.2 1.8

September

0.0 1.0 0.2 0.3 0.2 1.0 0.5 2.1 0.4 2.0 0.0 1.4

October

-0.2 1.3 -0.1 0.4 0.1 1.2 -0.2 1.8 -0.1 2.0 0.0 1.5

November

-0.4 0.8 -0.2 0.6 0.2 1.6 -0.1 1.6 -0.2 1.9

December

-0.5 0.3 -0.4 0.7 0.1 2.1 0.1 1.6 -0.2 1.6

Footnotes:
(R) = revised.

CPI-W

In October, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 273.474, down 0.1 percent over the month. The CPI-W rose 1.3 percent over the year.

The November 2019 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Wednesday, December 11, 2019, at 8:30 a.m. (ET).


Technical Note

The Consumer Price Index (CPI) is a measure 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 population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total 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 5,000 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 (1982-84) that equals 100.0. An increase of 16.5 percent, for example, is shown as 116.5. This change can also be expressed in dollars as follows: the price of a base period "market basket" of goods and services in the CPI has risen from $10 in 1982-84 to $11.65. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, available on the Internet at www.bls.gov/opub/hom/pdf/homch17.pdf.

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, N.Y.-N.J.-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 sensory impaired individuals 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-
Aug.
2019
Sept.
2019
Oct.
2019
Oct.
2018
Aug.
2019
Sept.
2019

Expenditure category

All items

279.428 279.338 279.255 1.5 -0.1 0.0

All items (1967=100)

807.788 807.527 807.287      

Food and beverages

271.819 272.174 273.279 1.9 0.5 0.4

Food

271.882 272.104 273.370 2.0 0.5 0.5

Food at home

258.183 258.462 260.764 1.3 1.0 0.9

Cereals and bakery products

305.701 303.658 305.650 3.0 0.0 0.7

Meats, poultry, fish, and eggs

253.208 252.924 257.535 1.2 1.7 1.8

Dairy and related products

228.078 230.347 229.767 0.7 0.7 -0.3

Fruits and vegetables

324.092 332.166 334.425 2.0 3.2 0.7

Nonalcoholic beverages and beverage materials(1)

255.727 255.641 256.687 1.7 0.4 0.4

Other food at home

228.253 224.557 227.025 -0.2 -0.5 1.1

Food away from home

298.723 298.868 298.679 2.9 0.0 -0.1

Alcoholic beverages

266.360 268.545 267.412 1.1 0.4 -0.4

Housing

303.603 304.799 303.491 1.5 0.0 -0.4

Shelter

385.875 387.167 386.148 2.1 0.1 -0.3

Rent of primary residence

402.171 403.173 402.619 2.9 0.1 -0.1

Owners' equivalent rent of residences(2)

392.323 393.472 393.549 1.8 0.3 0.0

Owners' equivalent rent of primary residence(2)

391.837 392.984 393.061 1.8 0.3 0.0

Fuels and utilities

193.995 195.071 191.750 -2.4 -1.2 -1.7

Household energy

184.654 185.826 182.209 -3.1 -1.3 -1.9

Energy services

175.469 177.238 172.674 -1.8 -1.6 -2.6

Electricity

179.307 182.251 172.177 -5.9 -4.0 -5.5

Utility (piped) gas service

159.393 159.245 163.461 5.6 2.6 2.6

Household furnishings and operations

108.954 109.969 109.011 -0.3 0.1 -0.9

Apparel

123.568 125.104 123.379 -4.9 -0.2 -1.4

Transportation

222.810 219.525 219.524 -1.7 -1.5 0.0

Private transportation

209.861 206.086 205.575 -2.4 -2.0 -0.2

New and used motor vehicles(3)

90.513 88.904 88.875 -0.3 -1.8 0.0

New vehicles(1)

201.823 202.289 201.972 -0.1 0.1 -0.2

Used cars and trucks(1)

276.921 266.957 266.558 1.9 -3.7 -0.1

Motor fuel

225.993 215.078 212.834 -9.9 -5.8 -1.0

Gasoline (all types)

224.961 214.063 211.818 -9.9 -5.8 -1.0

Gasoline, unleaded regular(4)

223.659 212.391 210.090 -10.4 -6.1 -1.1

Gasoline, unleaded midgrade(4)(5)

233.836 225.538 223.396 -7.9 -4.5 -0.9

Gasoline, unleaded premium(4)

236.399 228.039 226.229 -6.7 -4.3 -0.8

Motor vehicle insurance(1)

757.682 757.673 758.714 0.2 0.1 0.1

Medical care

516.142 517.365 518.374 4.9 0.4 0.2

Recreation(3)

126.803 123.093 126.975 4.3 0.1 3.2

Education and communication(3)

146.691 147.198 147.038 2.9 0.2 -0.1

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

1,234.606 1,241.181 1,241.481 4.3 0.6 0.0

Other goods and services

439.987 439.158 441.435 2.4 0.3 0.5

Commodity and service group

All items

279.428 279.338 279.255 1.5 -0.1 0.0

Commodities

192.325 191.566 191.387 -1.0 -0.5 -0.1

Commodities less food and beverages

144.551 143.329 142.574 -3.4 -1.4 -0.5

Nondurables less food and beverages

185.912 183.412 182.270 -4.8 -2.0 -0.6

Durables

92.522 92.768 92.472 -0.3 -0.1 -0.3

Services

352.731 353.092 353.071 2.5 0.1 0.0

Special aggregate indexes

All items less medical care

269.151 269.003 268.873 1.2 -0.1 0.0

All items less shelter

237.247 236.550 236.876 1.1 -0.2 0.1

Commodities less food

149.101 147.975 147.204 -3.2 -1.3 -0.5

Nondurables

230.359 229.146 229.035 -1.1 -0.6 0.0

Nondurables less food

190.805 188.554 187.410 -4.4 -1.8 -0.6

Services less rent of shelter(2)

327.993 327.319 328.421 3.0 0.1 0.3

Services less medical care services

338.971 339.130 339.026 2.1 0.0 0.0

Energy

202.981 199.539 196.399 -6.0 -3.2 -1.6

All items less energy

288.817 289.057 289.276 2.1 0.2 0.1

All items less food and energy

293.719 293.964 294.023 2.1 0.1 0.0

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, November 13, 2019