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Thursday, July 11, 2019

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

Area prices up 0.3 percent over the month and 1.7 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), rose 0.3 percent in June after edging up 0.2 percent in May, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the rise to higher prices for energy, food, and other items. (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 increased 1.7 percent. The index for all items less food and energy advanced 2.2 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 0.6 percent after decreasing 0.2 percent during each of the prior two months. A 0.9-percent jump in prices for food at home led to the upturn, with price increases of at least 2.0 percent in three of the six grocery groups. Juices and drinks, cheese, and uncooked beef roasts were among the groceries with higher prices in June. Prices for food away from home rose 0.2 percent.

For the year ended in June 2019, the food index increased 1.7 percent. Food-away-from-home prices rose 2.2 percent, while food-at-home prices increased 1.3 percent.

Energy

The energy index rose 1.4 percent, following increases of 1.7 percent in May and 1.9 percent in April. Prices for household energy climbed 4.9 percent, primarily due to an 8.9-percent seasonal jump in electricity charges. In contrast, gasoline prices fell 3.0 percent, following three consecutive months with price increases exceeding 5.0 percent.  

From June 2018 to June 2019, the energy index declined 4.1 percent. Area gasoline prices dropped 5.0 percent, and household energy prices were down 3.4 percent. Among prices for household energy items, natural gas and electricity were each down, -3.9 percent and -2.6 percent, respectively.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent, marking a sixth consecutive increase. Prices for used cars and trucks rose 1.0 percent, and medical care prices advanced 0.9 percent. A 0.3-percent rise in residential rent contributed to an uptick of 0.1 percent in prices for shelter. Partly offsetting these increases was a 0.2-percent decline in prices for education and communication.

Over the year, the index for all items less food and energy rose 2.2 percent. A 2.4-percent increase in shelter prices included a 3.4-percent rise in residential rent and a 1.8-percent increase in owners’ equivalent rent. Medical care, with a 12-month increase of 5.2 percent, was the next largest contributor to the change in the index. A 3.4-percent rise in tuition, other school fees, and childcare contributed to a 1.9-percent increase in prices for education and communication. Recreation prices also rose 1.9 percent.

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

August

-0.2 1.3 0.1 0.1 0.2 1.1 0.2 1.7 0.1 2.2

September

0.0 1.0 0.2 0.3 0.2 1.0 0.5 2.1 0.4 2.0

October

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

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 June, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 273.360, up 0.2 percent over the month. The CPI-W rose 1.5 percent over the year.

The July 2019 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Tuesday, August 13, 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-
April
2019
May
2019
June
2019
June
2018
April
2019
May
2019

Expenditure category

All items

277.441 278.068 278.802 1.7 0.5 0.3

All items (1967=100)

802.042 803.857 805.977      

Food and beverages

270.123 269.707 271.178 1.7 0.4 0.5

Food

270.294 269.643 271.257 1.7 0.4 0.6

Food at home

258.348 256.611 258.911 1.3 0.2 0.9

Cereals and bakery products

300.794 306.056 303.424 -0.8 0.9 -0.9

Meats, poultry, fish, and eggs

254.478 249.685 255.910 1.3 0.6 2.5

Dairy and related products

227.752 224.001 228.473 3.5 0.3 2.0

Fruits and vegetables

325.386 328.599 326.234 1.4 0.3 -0.7

Nonalcoholic beverages and beverage materials(1)

255.104 251.206 261.808 3.5 2.6 4.2

Other food at home

229.749 226.441 225.216 0.1 -2.0 -0.5

Food away from home

294.575 295.465 296.138 2.2 0.5 0.2

Alcoholic beverages

263.215 266.044 265.516 1.5 0.9 -0.2

Housing

302.413 302.192 303.608 1.8 0.4 0.5

Shelter

384.220 384.085 384.598 2.4 0.1 0.1

Rent of primary residence

398.932 399.681 400.852 3.4 0.5 0.3

Owners' equivalent rent of residences(2)

389.944 389.868 389.878 1.8 0.0 0.0

Owners' equivalent rent of primary residence(2)

389.461 389.385 389.395 1.8 0.0 0.0

Fuels and utilities

192.664 190.433 198.596 -2.8 3.1 4.3

Household energy

183.483 181.053 189.944 -3.4 3.5 4.9

Energy services

174.095 171.555 181.158 -3.0 4.1 5.6

Electricity

175.302 172.359 187.778 -2.6 7.1 8.9

Utility (piped) gas service

162.164 160.395 160.454 -3.9 -1.1 0.0

Household furnishings and operations

109.450 110.371 110.192 1.7 0.7 -0.2

Apparel

120.552 122.042 122.340 0.4 1.5 0.2

Transportation

223.336 226.897 224.883 -0.7 0.7 -0.9

Private transportation

210.603 212.972 210.569 -1.2 0.0 -1.1

New and used motor vehicles(3)

91.015 90.026 89.297 -2.5 -1.9 -0.8

New vehicles(1)

204.534 204.301 202.513 0.8 -1.0 -0.9

Used cars and trucks(1)

270.612 267.819 270.613 1.1 0.0 1.0

Motor fuel

225.223 238.052 230.968 -5.0 2.6 -3.0

Gasoline (all types)

224.169 236.979 229.914 -5.0 2.6 -3.0

Gasoline, unleaded regular(4)

223.441 236.450 229.090 -5.2 2.5 -3.1

Gasoline, unleaded midgrade(4)(5)

228.991 241.485 235.762 -4.8 3.0 -2.4

Gasoline, unleaded premium(4)

231.591 242.951 237.990 -3.7 2.8 -2.0

Motor vehicle insurance(1)

763.145 761.868 760.120 2.7 -0.4 -0.2

Medical care

504.551 505.462 510.146 5.2 1.1 0.9

Recreation(3)

125.593 126.044 126.225 1.9 0.5 0.1

Education and communication(3)

144.143 144.380 144.133 1.9 0.0 -0.2

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

1,204.276 1,205.871 1,205.806 3.4 0.1 0.0

Other goods and services

433.891 435.631 436.126 0.7 0.5 0.1

Commodity and service group

All items

277.441 278.068 278.802 1.7 0.5 0.3

Commodities

191.104 192.610 192.396 0.1 0.7 -0.1

Commodities less food and beverages

143.619 145.914 144.943 -1.2 0.9 -0.7

Nondurables less food and beverages

183.761 187.698 186.153 -1.6 1.3 -0.8

Durables

92.979 93.358 93.064 -0.3 0.1 -0.3

Services

350.122 350.182 351.598 2.3 0.4 0.4

Special aggregate indexes

All items less medical care

267.579 268.195 268.757 1.4 0.4 0.2

All items less shelter

235.082 236.055 236.896 1.2 0.8 0.4

Commodities less food

148.097 150.422 149.458 -1.1 0.9 -0.6

Nondurables

228.375 230.352 230.191 0.2 0.8 -0.1

Nondurables less food

188.594 192.480 190.987 -1.4 1.3 -0.8

Services less rent of shelter(2)

324.226 324.505 326.992 2.2 0.9 0.8

Services less medical care services

336.972 336.934 338.118 1.9 0.3 0.4

Energy

201.948 205.330 208.222 -4.1 3.1 1.4

All items less energy

286.722 287.082 287.606 2.1 0.3 0.2

All items less food and energy

291.529 292.048 292.408 2.2 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: Thursday, July 11, 2019