Consumer prices rose 1.7 percent in the Northeast in 1998
March 08, 1999
In the Northeast region, the Consumer Price Index for All Urban Consumers (CPI-U) rose 1.7 percent from December 1997 to December 1998, about in line with the national rise of 1.6 percent. The Northeast CPI had risen 1.6 percent in 1997. The CPI-U measures price changes for goods and services purchased by consumers in metropolitan areas.
In the Northeast, larger increases in food and beverages, medical care, and other goods and services were partially offset by downturns for apparel and transportation, as well as smaller price increases for housing.
The food and beverage index rose 2.8 percent in 1998, while medical care increased 4.3 percent. Other goods and services rose 8.3 percent, reflecting in part the pass-through to retail of a 45-cents-per-pack increase in the wholesale price of cigarettes. The housing index—which accounts for over 40 percent of expenditures—rose 2.1 percent after a 2.3-percent increase in 1997. The transportation index fell 2.5 percent, and the apparel index declined 1.7 percent over the year.
These data are produced by the BLS Consumer Price Index program. More information can be obtained in news release USDL 99-016, "Consumer Prices in the Northeast: December 1998." Annual comparisons are based on changes in indexes from December 1997 to December 1998.
Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer prices rose 1.7 percent in the Northeast in 1998 on the Internet at http://www.bls.gov/opub/ted/1999/mar/wk2/art01.htm (visited July 26, 2016).
Recent editions of Spotlight on Statistics
A look at healthcare spending, employment, pay, benefits, and prices
As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.
Employment and Wages in Healthcare Occupations
Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.
Fifty years of looking at changes in peoples lives
Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.