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Friday, December 14, 2007
NEW YORK-NORTHERN NEW JERSEY CPI UP 0.4 PERCENT IN NOVEMBER,
UP 3.9 PERCENT FROM YEAR AGO
Retail prices in the greater New York area, as measured by the
Consumer Price Index for All Urban Consumers (CPI-U), rose 0.4
percent in November, following four months of changes that ranged
from -0.1 to 0.2 percent. Michael L. Dolfman, Regional Commissioner
of the U. S. Department of Labor's Bureau of Labor Statistics, said
that the November index was led by higher energy prices. Increases
for food and shelter also contributed to the November rise. These
increases were partially offset by lower apparel prices. For the
year ended in November 2007, the CPI-U rose 3.9 percent. Core
inflation, as measured by the all items less food and energy index,
was up 2.1 percent over the year.
The energy index increased a sharp 6.6 percent in November, after
registering four months of declines ranging from -0.7 to -4.0
percent. (See chart A.) The November increase was largely
attributable to gasoline prices that jumped 10.2 percent over the
month. Dolfman noted that the gasoline index was 37.1 percent higher
than a year ago, the largest 12-month increase since September 2005,
following Hurricane Katrina. The index for natural gas rose 6.4
percent during the month of November, and residential fuel oil prices
also escalated. In contrast, electricity prices declined 1.5 percent
over the month.
New York-Northern New Jersey CPI monthly and annual percent changes
(not seasonally adjusted)
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007
Month | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann
January 0.6 1.9 0.8 3.3 0.3 2.7 0.6 4.1 0.8 3.7 0.2 2.7
February 0.7 2.5 0.8 3.3 0.6 2.5 0.4 3.9 0.2 3.6 0.6 3.1
March 0.6 2.5 0.5 3.1 1.1 3.2 1.7 4.4 0.8 2.7 0.7 2.9
April 0.4 2.8 -0.2 2.6 0.3 3.7 0.0 4.2 0.9 3.6 0.5 2.5
May -0.2 2.2 0.1 2.8 0.2 3.9 -0.5 3.4 0.6 4.8 0.6 2.5
June 0.1 1.7 0.1 2.8 0.8 4.6 -0.3 2.3 0.5 5.6 0.5 2.5
July 0.3 2.2 0.4 3.0 -0.2 3.9 0.9 3.4 0.2 5.0 0.2 2.5
August 0.6 2.7 0.7 3.1 0.1 3.3 0.8 4.1 0.4 4.7 -0.1 1.9
September 0.1 2.8 0.3 3.3 0.1 3.2 0.8 4.8 -0.5 3.3 0.0 2.4
October 0.2 3.1 0.2 3.3 0.7 3.7 0.4 4.5 -0.5 2.4 0.1 3.1
November -0.2 3.0 -0.3 3.1 0.0 3.9 -0.6 3.9 -0.4 2.6 0.4 3.9
December -0.2 3.1 -0.1 3.2 -0.2 3.8 -0.5 3.6 0.2 3.3
The transportation index rose 2.4 percent in November. The rise
largely reflected the advance in gasoline prices, though higher
airline fares also contributed to the increase.
The food and beverages index rose 0.3 percent. Prices for food at
home were up 0.4 percent over the month, reflecting higher prices for
uncooked beef roasts, ice cream and related products, other fresh
fruits, tomatoes, and candy and chewing gum. Prices for food away
from home also increased by 0.4 percent.
The housing index rose 0.4 percent over the month. The shelter
component was up 0.1 percent, reflecting increases of 0.3 percent in
residential rent and 0.2 percent for owners' equivalent rent. Among
other components of housing, the fuels and utilities index rose 3.6
percent, largely due to the sharp increases in natural gas and
residential fuel oil. Household furnishings and operations declined
by 0.6 percent with lower prices for other appliances.
The apparel index declined 2.8 percent in November, largely
reflecting pre-holiday sales for women's suits and separates as well
as women's footwear.
Among other components, the indexes for both medical care and
other goods and services were unchanged over the month. Education
and communication inched down 0.1 percent, and the recreation index
declined 0.5 percent.
With the New York-Northern New Jersey Consumer Price Index for All
Urban Consumers at 229.504 in November (1982-84=100), $22.95 was
required to purchase what $10 could in the 1982-84 base period. The
purchasing power of the dollar was 43.6 cents in 1982-84 dollars and
15.1 cents in 1967 dollars. In November, the Consumer Price Index
for Urban Wage Earners and Clerical Workers (CPI-W) was 223.716, up
0.5 percent over the month. The CPI-W rose 4.2 percent over the
year. On a 1967 base, the November CPI-W was 636.976.
Data in this report are not seasonally adjusted. Accordingly,
month-to-month changes may reflect the impact of seasonal influences.
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.
NYLS - 7310 Labor - New York
12/12/07
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)
Indexes Percent change from-
Item and Group
Sep. Oct. Nov. Nov. Sep. Oct.
2007 2007 2007 2006 2007 2007
Expenditure category
All items........... 228.308 228.552 229.504 3.9 0.5 0.4
All items (1967=100) 660.006 660.713 663.464 - - -
Food and beverages 212.657 213.695 214.436 4.9 .8 .3
Food.............. 211.723 212.789 213.636 5.1 .9 .4
Food at home..... 209.741 210.881 211.758 5.8 1.0 .4
Food away from
home......... 219.793 220.796 221.627 4.3 .8 .4
Alcoholic
beverages..... 222.564 223.227 222.585 2.9 .0 -.3
Housing............ 247.319 246.949 247.906 3.4 .2 .4
Shelter........... 297.907 298.260 298.507 3.2 .2 .1
Rent of primary
residence 1/ 284.155 285.604 286.418 4.2 .8 .3
Owners'
equivalent
rent of
primary
residence 1/
2/ ......... 304.916 305.234 305.934 2.5 .3 .2
Fuels and
utilities..... 187.602 184.671 191.342 11.3 2.0 3.6
Household energy 189.037 185.761 193.159 11.8 2.2 4.0
Gas (piped) and
electricity
1/......... 185.879 181.518 184.467 8.2 -.8 1.6
Electricity 1/ 176.686 164.906 162.462 11.9 -8.1 -1.5
Utility (piped)
gas service
1/........ 203.580 214.002 227.677 3.3 11.8 6.4
Household
furnishings
and operations 129.928 128.603 127.888 -3.0 -1.6 -.6
Apparel............ 115.023 114.010 110.772 -1.7 -3.7 -2.8
Transportation..... 189.662 191.590 196.120 8.1 3.4 2.4
Private
transportation 180.305 182.279 186.832 8.7 3.6 2.5
Motor fuel....... 212.591 213.048 234.814 37.2 10.5 10.2
Gasoline (all
types)...... 211.756 212.196 233.888 37.1 10.5 10.2
Gasoline,
unleaded
regular 3/ 212.984 213.376 236.892 38.3 11.2 11.0
Gasoline,
unleaded
midgrade
3/ 4/.... 213.291 214.227 233.634 34.9 9.5 9.1
Gasoline,
unleaded
premium 3/ 212.727 212.894 230.321 34.5 8.3 8.2
Medical care....... 362.346 363.141 363.174 5.5 .2 .0
Recreation 5/..... 114.530 114.331 113.803 -.5 -.6 -.5
Education and
communication
5/............ 127.566 127.463 127.274 3.6 -.2 -.1
Other goods and
services....... 338.816 338.974 338.981 1.4 .0 .0
Commodity and service group
All items........... 228.308 228.552 229.504 3.9 .5 .4
Commodities........ 173.617 173.880 175.430 4.9 1.0 .9
Commodities less
food and
beverages..... 146.208 146.044 147.973 4.9 1.2 1.3
Nondurables less
food and
beverages.... 173.847 173.706 177.919 9.4 2.3 2.4
Durables......... 109.496 109.315 108.668 -2.4 -.8 -.6
Services........... 275.179 275.406 275.828 3.3 0.2 0.2
Special aggregate indexes
All items less
medical care.... 222.259 222.485 223.454 3.8 .5 .4
All items less
shelter......... 201.030 201.231 202.488 4.4 .7 .6
Commodities less
food............ 149.434 149.301 151.139 4.7 1.1 1.2
Nondurables......... 195.261 195.718 198.208 6.9 1.5 1.3
Nondurables less
food............ 177.071 176.985 180.867 8.8 2.1 2.2
Services less rent
of shelter 2/ 259.413 259.498 260.155 3.7 .3 .3
Services less
medical care
services........ 267.879 268.096 268.523 3.2 .2 .2
Energy.............. 200.011 198.178 211.307 21.7 5.6 6.6
All items less
energy.......... 232.632 233.077 232.871 2.6 .1 -.1
All items less food
and energy..... 237.985 238.302 237.875 2.1 .0 -.2
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.
- Data not available.
Last Modified Date: January
16, 2008
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