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13-1704-PHI

Thursday, August 15, 2013

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Consumer Price Index, Northeast Region – July 2013

Regional Prices Up 0.2 Percent Over the Month and 1.8 Percent Over the Year

 

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region edged up 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the one-month advance primarily reflected an increase in the energy index (1.4 percent). The all items less food and energy index also increased (0.1 percent), while the food index was unchanged since June. (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 CPI-U increased 1.8 percent, due largely to a 1.6-percent advance in the all items less food and energy index. (See chart 1 and table A.) The energy index also rose since July 2012, up 4.0 percent, as did the food index, up 1.2 percent. (See table 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Northeast region, July 2010 to July 2013 (not seasonally adjusted)

 

Food

Following a 0.2-percent increase in June, the food index was unchanged over the month. One of its two components, food away from home, edged up 0.2 percent, while the other, food at home, inched down 0.1 percent in July.

Over the year, the food index advanced 1.2 percent. Prices for both the food away from home and food at home components increased since last July, up 1.6 and 0.9 percent, respectively.

Energy

Led by a 2.4-percent advance in gasoline prices, the energy index, which includes prices for household and transportation fuels, rose 1.4 percent in July. Electricity prices increased for the fourth consecutive month, up 7.2 percent since March and 1.0 percent since June. Moderating the overall rise in the energy index were lower prices for utility (piped) gas service, down 1.7 percent over the month.

Energy prices increased 4.0 percent over the year, mainly reflecting a 3.8-percent rise in gasoline prices. Electricity prices also increased, up 3.6 percent—the largest 12-month rise since April 2009—as did utility (piped) gas service prices, up 7.3 percent since July 2012.  

All items less food and energy

The index for all items less food and energy inched up 0.1 percent over the month. The increase reflected higher prices in various categories including shelter (0.3 percent), particularly lodging away from home, and education and communication (0.3 percent). Those price advances were nearly offset by a seasonal decline in prices for apparel (-1.3 percent) and a decrease in those for household furnishings and operations (-0.7 percent).

The index for all items less food and energy rose 1.6 percent over the year. The 12-month advance was led by higher prices for shelter (2.0 percent), particularly those for owners’ equivalent rent of residences (1.6 percent). Price increases among other components, such as medical care services (3.3 percent), also contributed to the rise in the all items less food and energy index since July 2012.

The August 2013 Consumer Price Index for the Northeast region is scheduled to be released on September 17, 2013, at 8:30 a.m. (ET).

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index (not seasonally adjusted)
Month 2008 2009 2010 2011 2012 2013
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

0.4 3.9 0.2 0.5 0.4 3.0 0.4 1.6 0.4 2.9 0.3 1.8

February

0.4 4.0 0.6 0.7 0.0 2.5 0.5 2.0 0.4 2.8 0.6 2.0

March

0.8 3.9 0.2 0.2 0.3 2.6 0.8 2.5 0.5 2.5 0.0 1.5

April

0.5 3.9 0.2 -0.1 0.2 2.5 0.5 2.8 0.3 2.3 -0.1 1.1

May

0.9 4.3 0.1 -0.8 0.2 2.6 0.5 3.2 -0.1 1.7 0.0 1.2

June

1.1 5.0 0.8 -1.2 -0.1 1.7 0.1 3.4 -0.2 1.5 0.1 1.5

July

0.8 5.7 0.1 -1.9 0.0 1.6 0.2 3.6 -0.1 1.1 0.2 1.8

August

-0.3 5.5 0.3 -1.2 0.1 1.4 0.3 3.8 0.5 1.3    

September

-0.4 5.2 0.1 -0.7 -0.1 1.2 0.1 4.0 0.5 1.7    

October

-0.9 4.0 0.0 0.2 0.3 1.5 -0.1 3.6 0.1 1.9    

November

-1.6 1.7 0.2 2.0 0.2 1.5 -0.1 3.2 0.2 1.8    

December

-0.9 0.7 -0.1 2.8 0.0 1.6 -0.3 2.9 -0.3 1.8    

 

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 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/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 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:  1-800-877-8339.

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
May
2013
Jun.
2013
Jul.
2013
Jul.
2012
May
2013
Jun.
2013

All items

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248.584 248.851 249.411 1.8 0.3 0.2

All items (December 1977 = 100)

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391.444 391.864 392.746      
 

Food and beverages

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242.669 243.074 243.135 1.2 0.2 0.0

Food

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242.305 242.827 242.882 1.2 0.2 0.0

Food at home

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240.781 241.384 241.172 0.9 0.2 -0.1

Food away from home

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247.596 248.005 248.456 1.6 0.3 0.2

Alcoholic beverages

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246.375 245.067 245.212 1.3 -0.5 0.1
 

Housing

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255.487 256.122 256.688 2.0 0.5 0.2

Shelter

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308.100 308.918 309.799 2.0 0.6 0.3

Rent of primary residence (1)

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307.775 308.314 308.622 2.6 0.3 0.1

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

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318.574 319.128 319.482 1.6 0.3 0.1

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

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318.472 319.023 319.374 1.6 0.3 0.1

Fuels and utilities

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220.028 221.033 222.095 4.0 0.9 0.5

Household energy

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199.327 200.377 201.173 4.3 0.9 0.4

Energy services (1)

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189.614 191.335 191.589 4.7 1.0 0.1

Electricity (1)

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188.564 192.523 194.380 3.6 3.1 1.0

Utility (piped) gas service (1)

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180.383 177.346 174.248 7.3 -3.4 -1.7

Household furnishings and operations

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127.905 127.632 126.681 -1.3 -1.0 -0.7
 

Apparel

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129.700 127.873 126.160 0.8 -2.7 -1.3
 

Transportation

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217.465 217.851 219.514 2.7 0.9 0.8

Private transportation

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209.028 209.437 211.388 2.2 1.1 0.9

New and used motor vehicles (3)

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99.039 98.893 99.007 -0.8 0.0 0.1

New vehicles

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144.034 143.444 143.389 0.7 -0.4 0.0

New cars and trucks (3) (4)

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99.816 99.392 99.354 0.7 -0.5 0.0

New cars (4)

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139.063 138.537 138.593 0.3 -0.3 0.0

Used cars and trucks

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159.285 159.530 159.808 -3.3 0.3 0.2

Motor fuel

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296.239 297.853 304.874 3.8 2.9 2.4

Gasoline (all types)

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295.028 296.727 303.829 3.8 3.0 2.4

Gasoline, unleaded regular (4)

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295.615 297.531 304.979 3.8 3.2 2.5

Gasoline, unleaded midgrade (4) (5)

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302.021 303.106 309.386 3.5 2.4 2.1

Gasoline, unleaded premium (4)

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287.901 289.008 294.772 3.9 2.4 2.0
 

Medical care

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446.653 448.041 448.070 2.3 0.3 0.0

Medical care commodities

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364.503 366.688 367.254 -1.0 0.8 0.2

Medical care services

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468.761 469.786 469.592 3.3 0.2 0.0

Professional services

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349.521 350.693 350.802 2.8 0.4 0.0
 

Recreation (3)

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120.462 119.993 120.168 0.3 -0.2 0.1
 

Education and communication (3)

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136.122 136.245 136.685 1.4 0.4 0.3
 

Other goods and services

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431.176 430.378 432.581 1.1 0.3 0.5
 

Commodity and service group

 

Commodities

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194.117 193.834 194.174 0.7 0.0 0.2

Commodities less food and beverages

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165.276 164.705 165.153 0.4 -0.1 0.3

Nondurables less food and beverages

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213.609 213.089 214.182 1.5 0.3 0.5

Durables

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111.025 110.430 110.232 -1.6 -0.7 -0.2

Services

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301.994 302.782 303.556 2.5 0.5 0.3
 

Special aggregate indexes

 

All items less shelter

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228.704 228.769 229.216 1.7 0.2 0.2

All items less medical care

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239.846 240.068 240.646 1.8 0.3 0.2

Commodities less food

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168.398 167.804 168.246 0.4 -0.1 0.3

Nondurables

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229.139 229.047 229.666 1.3 0.2 0.3

Nondurables less food

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215.458 214.896 215.939 1.5 0.2 0.5

Services less rent of shelter (2)

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306.191 306.944 307.629 3.0 0.5 0.2

Services less medical care services

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290.427 291.196 292.015 2.4 0.5 0.3

Energy

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239.888 241.173 244.540 4.0 1.9 1.4

All items less energy

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251.891 252.052 252.320 1.6 0.2 0.1

All items less food and energy

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255.221 255.315 255.625 1.6 0.2 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) 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: August 22, 2013