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16-1019-PHI
Tuesday, May 17, 2016

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Consumer Price Index, Northeast Region – April 2016

Regional prices up 0.6 percent over the month and 1.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast advanced 0.6 percent in April, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent increase was due mainly to a 4.6-percent rise in the energy index and a 0.3-percent advance in the all items less food and energy index. The food index also rose, up 0.4 percent. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the Northeast all items CPI-U increased 1.0 percent, due mostly to a 2.0-percent advance in the all items less food and energy index. Food prices also rose, up 0.9 percent over the year. (See chart 1 and table A.) The increase was moderated by a 9.3-percent decline in the energy index since April 2015. (See table 1.)

Food

The food index rose 0.4 percent since March, as prices for its two components advanced over the month. Food at home prices increased 0.4 percent and prices for food away from home edged up 0.3 percent.  

From April 2015 to April 2016, the food index increased 0.9 percent. Prices for food away from home rose 2.9 percent over the year, while those for food at home declined 0.6 percent.

Energy

The energy index, which includes prices for household and transportation fuels, increased 4.6 percent since March, due almost entirely to a 12.7-percent rise in gasoline prices. Prices for electricity and utility (piped) gas service decreased over the month, down 0.3 and 0.2 percent, respectively.

The energy index fell 9.3 percent since April 2015, led by a 12.2-percent drop in gasoline prices. Prices for electricity and utility (piped) gas service also decreased over the year, down 4.1 and 3.0 percent, respectively.

All items less food and energy

The index for all items less food and energy edged up 0.3 percent in April, led by higher prices for shelter (0.3 percent). Prices for medical care also increased over the month (0.6 percent), while those for education and communication and household furnishings and operations decreased 0.2 percent each.

Over the year, the index for all items less food and energy increased 2.0 percent, led by higher prices for shelter (2.6 percent). Prices were also higher over the year for medical care (3.0 percent) and education and communication (2.2 percent).

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 2.9 0.3 1.8 0.6 1.5 -0.2 -0.4 0.0 0.7

February

0.4 2.8 0.6 2.0 0.1 1.0 0.2 -0.2 0.2 0.7

March

0.5 2.5 0.0 1.5 0.5 1.5 0.3 -0.4 0.2 0.6

April

0.3 2.3 -0.1 1.1 0.0 1.6 0.1 -0.3 0.6 1.0

May

-0.1 1.7 0.0 1.2 0.4 2.0 0.4 -0.3    

June

-0.2 1.5 0.1 1.5 0.0 1.9 0.3 0.0    

July

-0.1 1.1 0.2 1.8 0.1 1.8 -0.1 -0.2    

August

0.5 1.3 0.2 1.5 -0.3 1.3 -0.2 -0.1    

September

0.5 1.7 0.1 1.1 0.0 1.2 0.0 -0.1    

October

0.1 1.9 -0.4 0.7 -0.2 1.4 -0.2 -0.1    

November

-0.2 1.8 0.1 1.0 -0.4 0.9 0.0 0.3    

December

-0.3 1.8 0.0 1.3 -0.5 0.4 -0.4 0.5    

The Consumer Price Index for May 2016 is scheduled to be released Thursday, June 16, 2016, 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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 28 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 87 urban areas across the country from about 4,000 housing units and approximately 26,000 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 Northeast region is comprised of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.

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, Northeast Region, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
 
Historical
data
Feb.
2016
Mar.
2016
Apr.
2016
Apr.
2015
Feb.
2016
Mar.
2016

All items

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252.250 252.854 254.270 1.0 0.8 0.6

All items (December 1977 = 100)

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397.217 398.168 400.397      
 

Food and beverages

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253.212 252.308 253.098 0.9 0.0 0.3

Food

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253.261 252.236 253.153 0.9 0.0 0.4

Food at home

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248.472 246.278 247.349 -0.6 -0.5 0.4

Food away from home

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263.547 264.313 265.001 2.9 0.6 0.3

Alcoholic beverages

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251.396 252.050 251.194 1.4 -0.1 -0.3
 

Housing

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266.340 267.159 267.721 1.3 0.5 0.2

Shelter

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329.542 330.202 331.180 2.6 0.5 0.3

Rent of primary residence (1)

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331.634 332.072 332.609 3.1 0.3 0.2

Owners' equivalent rent of residences (1) (2)

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341.632 342.247 342.984 2.6 0.4 0.2

Owners' equivalent rent of primary residence (1) (2)

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341.362 341.976 342.709 2.6 0.4 0.2

Fuels and utilities

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204.437 206.830 206.666 -5.3 1.1 -0.1

Household energy

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179.675 182.209 181.920 -6.9 1.2 -0.2

Energy services (1)

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183.484 186.299 185.770 -3.8 1.2 -0.3

Electricity (1)

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196.205 197.366 196.766 -4.1 0.3 -0.3

Utility (piped) gas service (1)

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143.522 149.653 149.311 -3.0 4.0 -0.2

Household furnishings and operations

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122.529 122.791 122.538 -1.7 0.0 -0.2
 

Apparel

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132.054 132.779 132.911 0.7 0.6 0.1
 

Transportation

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189.627 190.762 195.913 -1.8 3.3 2.7

Private transportation

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180.554 181.751 186.608 -2.4 3.4 2.7

New and used motor vehicles (3)

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97.467 97.686 97.946 -0.7 0.5 0.3

New vehicles

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145.899 145.652 145.410 -0.1 -0.3 -0.2

New cars and trucks (3) (4)

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101.085 100.909 100.740 -0.1 -0.3 -0.2

New cars (4)

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138.047 137.514 137.174 -0.7 -0.6 -0.2

Used cars and trucks

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150.792 153.201 154.668 -1.4 2.6 1.0

Motor fuel

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157.071 161.526 181.944 -12.4 15.8 12.6

Gasoline (all types)

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156.349 160.807 181.275 -12.2 15.9 12.7

Gasoline, unleaded regular (4)

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152.914 157.741 178.765 -12.8 16.9 13.3

Gasoline, unleaded midgrade (4) (5)

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173.232 175.802 194.214 -10.3 12.1 10.5

Gasoline, unleaded premium (4)

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173.424 175.394 191.315 -9.0 10.3 9.1
 

Medical care

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478.863 479.701 482.472 3.0 0.8 0.6

Medical care commodities

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377.418 381.577 383.681 1.4 1.7 0.6

Medical care services

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507.637 507.331 510.297 3.4 0.5 0.6

Professional services

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369.841 368.111 369.611 2.3 -0.1 0.4
 

Recreation (3)

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120.729 121.334 121.453 0.4 0.6 0.1
 

Education and communication (3)

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141.130 141.145 140.887 2.2 -0.2 -0.2
 

Other goods and services

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458.077 459.605 459.280 3.2 0.3 -0.1
 

Commodity and service group

 

Commodities

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182.954 183.369 185.241 -1.5 1.3 1.0

Commodities less food and beverages

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145.277 146.206 148.423 -3.2 2.2 1.5

Nondurables less food and beverages

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177.997 179.738 184.211 -4.2 3.5 2.5

Durables

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105.885 106.093 106.343 -1.6 0.4 0.2

Services

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319.212 319.998 321.041 2.3 0.6 0.3
 

Special aggregate indexes

 

All items less shelter

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225.732 226.320 227.908 0.1 1.0 0.7

All items less medical care

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242.297 242.892 244.247 0.8 0.8 0.6

Commodities less food

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149.062 149.987 152.128 -2.9 2.1 1.4

Nondurables

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215.073 215.583 218.360 -1.4 1.5 1.3

Nondurables less food

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182.297 183.973 188.127 -3.7 3.2 2.3

Services less rent of shelter (2)

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319.221 320.143 321.303 2.0 0.7 0.4

Services less medical care services

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306.212 307.068 307.983 2.2 0.6 0.3

Energy

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170.903 174.204 182.145 -9.3 6.6 4.6

All items less energy

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263.099 263.437 264.208 1.8 0.4 0.3

All items less food and energy

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266.546 267.116 267.868 2.0 0.5 0.3

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(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.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Tuesday, May 17, 2016