News Release Information

13–1199–NEW

Tuesday, July 18, 2013

Contacts

Technical information:
Media contact:
  • Martin Kohli (646) 264-3620

Consumer Price Index, New York-Northern New Jersey – June 2013

Area prices up 0.3 percent over the month and 1.8 percent over the year

Prices in the New York-Northern New Jersey-Long Island area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), rose 0.3 percent in June after inching up 0.1 percent in May, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the advance to rising prices for food, energy, and shelter. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U for all items and the CPI-U for all items less food and energy rose at the same rate, 1.8 percent. (See chart 1. and table A. ) Higher prices for shelter drove the 12-month change in both indexes.

Chart 1. Over-the-year percent chang in CPI-U, New York-Northern New Jersey-Long Island, June 2010-June 2013

Food

The food index increased 0.7 percent, reversing a 0.6-percent drop in May. Prices for food at home, which rose 1.0 percent, accounted for most of the upturn, with higher prices reported for potatoes, beef steaks, ham, milk, and nonfrozen juices. Prices for food away from home edged up 0.2 percent.

From June 2012 to June 2013, the food index rose 1.8 percent. Prices for food at home increased 2.0 percent, and prices for food away from home rose 1.4 percent. (See table 1.)

Energy

The energy index advanced 1.2 percent, after rising 0.6 percent in May. The rise was primarily attributable to a 2.7-percent increase in energy services. Electricity charges, often up in June, climbed 5.3 percent, and prices for natural gas dropped 2.7 percent. Gasoline prices rose 0.4 percent, following declines in seven of the last eight months.

For the year ended in June 2013, energy prices rose 1.4 percent. Prices for energy services increased 1.9 percent, led by a 6.1-percent rise in natural gas. The 12-month increase in gasoline prices was 0.8 percent.

All items less food and energy

The index for all items less food and energy ticked up 0.1 percent, after recording an increase of 0.2 percent in May. A 0.3-percent rise in shelter prices included increases of 0.2 percent for both residential rent and owners’ equivalent rent. Medical care prices rose 0.5 percent. These increases were partially offset by declines in apparel (not uncommon at this time of year), household furnishings, recreation, and other goods and services.

Over the past 12 months, the index for all items less food and energy increased 1.8 percent. Shelter prices rose at a rate of 2.2 percent, with residential rent up 3.0 percent over the year. Medical care increased 3.5 percent.

Table A. New York-Northern New Jersey CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2008 2009 2010 2011 2012 2013
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.2 3.7 0.2 1.5 0.2 2.4 0.3 1.5 0.4 2.8 0.5 2.2

February

0.5 3.6 0.5 1.6 0.0 1.8 0.5 2.1 0.4 2.6 0.6 2.4

March

0.9 3.8 0.2 0.8 0.5 2.1 0.7 2.3 0.6 2.6 0.1 1.9

April

0.3 3.6 0.2 0.8 0.2 2.1 0.4 2.5 0.2 2.4 -0.2 1.4

May

1.0 4.0 0.2 -0.1 0.2 2.2 0.6 2.9 0.1 1.8 0.1 1.4

June

1.0 4.5 0.5 -0.6 -0.1 1.5 0.2 3.2 -0.1 1.6 0.3 1.8

July

0.7 5.1 0.2 -1.1 0.1 1.5 0.3 3.3 -0.2 1.1    

August

0.1 5.4 0.3 -0.9 0.2 1.4 0.4 3.5 0.6 1.4    

September

-0.2 5.2 0.1 -0.6 0.0 1.2 0.2 3.8 0.4 1.6    

October

-0.7 4.3 -0.1 0.0 0.2 1.5 -0.2 3.3 -0.1 1.7    

November

-1.6 2.2 0.2 1.8 0.0 1.3 -0.3 3.0 0.0 2.0    

December

-0.6 1.6 -0.1 2.3 0.0 1.4 -0.4 2.7 -0.3 2.1    

CPI-W

In June, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 252.862, up 0.2 percent over the month. The CPI-W increased 1.8 percent over the year.

The July 2013 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Thursday, August 15, 2013 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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 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 87 urban areas across the country from about 4,000 housing units and approximately 25,000 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/homch17_a.htm.

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-Northern New Jersey-Long Island, N.Y.-N.J.-Conn.-Pa. consolidated area covered in this release is comprised of Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, Middlesex, and New Haven Counties in Connecticut; 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-Northern N.J.-Long Island, NY-NJ-CT-PA (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Item and Group Indexes Percent change from-
April
2013
May
2013
June
2013
June
2012
April
2013
May
2013
 

Expenditure category

 
 

All items

255.967 256.270 256.911 1.8 0.4 0.3

All items (1967=100)

739.965 740.840 742.694      
 

Food and beverages

247.261 245.856 247.241 1.6 0.0 0.6

Food

246.904 245.302 246.961 1.8 0.0 0.7

Food at home

247.665 245.010 247.501 2.0 -0.1 1.0

Food away from home

252.502 252.233 252.848 1.4 0.1 0.2

Alcoholic beverages

248.445 249.828 247.348 -0.1 -0.4 -1.0
 

Housing

268.403 269.517 270.574 1.8 0.8 0.4

Shelter

329.241 330.174 331.114 2.2 0.6 0.3

Rent of primary residence (1)

336.492 337.590 338.117 3.0 0.5 0.2

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

335.846 336.275 336.933 1.8 0.3 0.2

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

335.659 336.084 336.739 1.8 0.3 0.2

Fuels and utilities

197.662 200.465 204.080 2.0 3.2 1.8

Household energy

193.682 196.687 200.717 1.9 3.6 2.0

Energy services (1)

177.711 182.119 187.096 1.9 5.3 2.7

Electricity (1)

176.276 183.134 192.896 0.2 9.4 5.3

Utility (piped) gas service (1)

175.127 174.526 169.836 6.1 -3.0 -2.7

Household furnishings and operations

121.067 121.576 121.014 -1.6 0.0 -0.5
 

Apparel

128.179 126.863 125.575 2.8 -2.0 -1.0
 

Transportation

230.865 231.723 231.971 2.0 0.5 0.1

Private transportation

217.228 217.461 217.761 1.1 0.2 0.1

Motor fuel

285.206 284.133 285.106 0.8 0.0 0.3

Gasoline (all types)

283.984 282.996 284.053 0.8 0.0 0.4

Gasoline, unleaded regular (3)

286.048 285.266 286.312 0.6 0.1 0.4

Gasoline, unleaded midgrade (3) (4)

286.709 285.117 286.407 0.6 -0.1 0.5

Gasoline, unleaded premium (3)

282.633 281.058 282.106 1.8 -0.2 0.4
 

Medical care

424.875 424.325 426.585 3.5 0.4 0.5
 

Recreation (5)

119.167 119.592 119.374 0.5 0.2 -0.2
 

Education and communication (5)

139.891 139.832 139.996 1.0 0.1 0.1
 

Other goods and services

394.581 394.279 392.649 0.6 -0.5 -0.4
 

Commodity and service group

 
 

All items

255.967 256.270 256.911 1.8 0.4 0.3

Commodities

194.984 194.168 194.158 0.9 -0.4 0.0

Commodities less food and beverages

160.093 159.603 158.915 0.3 -0.7 -0.4

Nondurables less food and beverages

204.367 203.097 202.431 1.2 -0.9 -0.3

Durables

103.867 104.263 103.583 -1.6 -0.3 -0.7

Services

308.267 309.525 310.723 2.3 0.8 0.4
 

Special aggregate indexes

 
 

All items less medical care

248.526 248.858 249.438 1.7 0.4 0.2

All items less shelter

227.371 227.426 227.950 1.6 0.3 0.2

Commodities less food

163.754 163.320 162.573 0.3 -0.7 -0.5

Nondurables

228.247 226.892 227.205 1.4 -0.5 0.1

Nondurables less food

207.378 206.256 205.485 1.1 -0.9 -0.4

Services less rent of shelter (2)

296.060 297.764 299.288 2.4 1.1 0.5

Services less medical care services

298.915 300.179 301.324 2.2 0.8 0.4

Energy

231.477 232.887 235.735 1.4 1.8 1.2

All items less energy

260.171 260.366 260.794 1.8 0.2 0.2

All items less food and energy

264.223 264.766 264.959 1.8 0.3 0.1

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) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.

NOTE: Index applies to a month as a whole, not to any specific date.
The New York-Northern New Jersey-Long Island, NY-NJ-CT-PA consolidated area comprises the five boroughs of New York City, Nassau, Suffolk, Westchester, Rockland, Putnam, Dutchess, and Orange Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Monmouth, Middlesex, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, New Haven, and Middlesex Counties in Connecticut; and Pike County in Pennsylvania.

 

Last Modified Date: August 15, 2013