News Release Information

13-1927-PHI

Tuesday, September 17, 2013

Contacts

Technical information:
Media contact:

Consumer Price Index, Northeast Region – August 2013

Regional Prices Up 0.2 Percent Over the Month and 1.5 Percent Over the Year

 

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region edged up 0.2 percent in August, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the one-month advance was due almost entirely to an increase in the all items less food and energy index (0.2 percent). The food index also increased, up 0.1 percent, while the energy index edged down 0.2 percent since July. (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 1.5 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 food index also rose since August 2012, up 1.2 percent, as did the energy index, up 0.8 percent. (See table 1.)

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

 

Food

The food index, which was unchanged in July, inched up 0.1 percent in August. Prices for one of its two components, food away from home, edged up 0.2 percent, while prices for the other, food at home, were unchanged over the month.  

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 August, up 1.7 and 0.8 percent, respectively.

Energy

The energy index, which includes prices for household and transportation fuels, edged down 0.2 percent over the month. Following four consecutive months of increases totaling 7.2 percent, electricity prices decreased 2.5 percent in August. Prices for utility (piped) gas service were also lower, down 1.2 percent. Moderating the decline in the energy index were higher prices for gasoline, up 0.9 percent since July.

Energy prices advanced 0.8 percent over the year, reflecting price increases for both utility (piped) gas service and electricity, up 6.1 and 1.8 percent, respectively. Gasoline prices were lower since August 2012, down 0.8 percent.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent over the month, led by an increase in shelter prices (0.3 percent), particularly owners’ equivalent rent of residences (0.5 percent). A seasonal advance in the apparel index (2.4 percent), as well as higher prices for education and communication (0.6 percent), also contributed to the rise. Moderating these price increases was a decline in prices for household furnishings and operations, down 0.4 percent since July.

The all items less food and energy index rose 1.6 percent over the year. The 12-month advance mainly reflected higher prices for shelter (2.2 percent), particularly those for owners’ equivalent rent of residences (1.9 percent). Widespread price increases among other components, such as medical care (2.1 percent) and education and communication (1.5 percent), also contributed to the rise in the all items less food and energy index since August 2012.

The September 2013 Consumer Price Index for the Northeast region is scheduled to be released on October 16, 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 0.2 1.5

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 (1982-84=100 unless otherwise noted)
Expenditure category Indexes Percent change from
Historical
data
Jun.
2013
Jul.
2013
Aug.
2013
Aug.
2012
Jun.
2013
Jul.
2013

All items

Jump to page with historical data
248.851 249.411 249.858 1.5 0.4 0.2

All items (December 1977 = 100)

Jump to page with historical data
391.864 392.746 393.451      
 

Food and beverages

Jump to page with historical data
243.074 243.135 243.359 1.2 0.1 0.1

Food

Jump to page with historical data
242.827 242.882 243.126 1.2 0.1 0.1

Food at home

Jump to page with historical data
241.384 241.172 241.176 0.8 -0.1 0.0

Food away from home

Jump to page with historical data
248.005 248.456 249.055 1.7 0.4 0.2

Alcoholic beverages

Jump to page with historical data
245.067 245.212 245.147 1.7 0.0 0.0
 

Housing

Jump to page with historical data
256.122 256.688 256.842 1.9 0.3 0.1

Shelter

Jump to page with historical data
308.918 309.799 310.772 2.2 0.6 0.3

Rent of primary residence (1)

Jump to page with historical data
308.314 308.622 309.740 2.6 0.5 0.4

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

Jump to page with historical data
319.128 319.482 321.139 1.9 0.6 0.5

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

Jump to page with historical data
319.023 319.374 321.048 1.9 0.6 0.5

Fuels and utilities

Jump to page with historical data
221.033 222.095 219.463 2.4 -0.7 -1.2

Household energy

Jump to page with historical data
200.377 201.173 198.342 2.4 -1.0 -1.4

Energy services (1)

Jump to page with historical data
191.335 191.589 187.501 3.1 -2.0 -2.1

Electricity (1)

Jump to page with historical data
192.523 194.380 189.428 1.8 -1.6 -2.5

Utility (piped) gas service (1)

Jump to page with historical data
177.346 174.248 172.204 6.1 -2.9 -1.2

Household furnishings and operations

Jump to page with historical data
127.632 126.681 126.143 -1.6 -1.2 -0.4
 

Apparel

Jump to page with historical data
127.873 126.160 129.228 -0.2 1.1 2.4
 

Transportation

Jump to page with historical data
217.851 219.514 219.400 1.2 0.7 -0.1

Private transportation

Jump to page with historical data
209.437 211.388 211.851 0.6 1.2 0.2

New and used motor vehicles (3)

Jump to page with historical data
98.893 99.007 99.010 -0.5 0.1 0.0

New vehicles

Jump to page with historical data
143.444 143.389 143.820 1.1 0.3 0.3

New cars and trucks (3) (4)

Jump to page with historical data
99.392 99.354 99.673 1.1 0.3 0.3

New cars (4)

Jump to page with historical data
138.537 138.593 138.621 0.3 0.1 0.0

Used cars and trucks

Jump to page with historical data
159.530 159.808 159.945 -2.5 0.3 0.1

Motor fuel

Jump to page with historical data
297.853 304.874 307.707 -0.8 3.3 0.9

Gasoline (all types)

Jump to page with historical data
296.727 303.829 306.667 -0.8 3.3 0.9

Gasoline, unleaded regular (4)

Jump to page with historical data
297.531 304.979 307.750 -0.9 3.4 0.9

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
303.106 309.386 312.524 -0.6 3.1 1.0

Gasoline, unleaded premium (4)

Jump to page with historical data
289.008 294.772 297.701 -0.2 3.0 1.0
 

Medical care

Jump to page with historical data
448.041 448.070 448.553 2.1 0.1 0.1

Medical care commodities

Jump to page with historical data
366.688 367.254 367.340 -1.6 0.2 0.0

Medical care services

Jump to page with historical data
469.786 469.592 470.226 3.3 0.1 0.1

Professional services

Jump to page with historical data
350.693 350.802 350.893 2.8 0.1 0.0
 

Recreation (3)

Jump to page with historical data
119.993 120.168 120.409 0.7 0.3 0.2
 

Education and communication (3)

Jump to page with historical data
136.245 136.685 137.456 1.5 0.9 0.6
 

Other goods and services

Jump to page with historical data
430.378 432.581 433.246 1.0 0.7 0.2
 

Commodity and service group

 

Commodities

Jump to page with historical data
193.834 194.174 194.898 0.0 0.5 0.4

Commodities less food and beverages

Jump to page with historical data
164.705 165.153 166.067 -0.8 0.8 0.6

Nondurables less food and beverages

Jump to page with historical data
213.089 214.182 216.092 -0.5 1.4 0.9

Durables

Jump to page with historical data
110.430 110.232 110.140 -1.3 -0.3 -0.1

Services

Jump to page with historical data
302.782 303.556 303.744 2.4 0.3 0.1
 

Special aggregate indexes

 

All items less shelter

Jump to page with historical data
228.769 229.216 229.473 1.1 0.3 0.1

All items less medical care

Jump to page with historical data
240.068 240.646 241.090 1.4 0.4 0.2

Commodities less food

Jump to page with historical data
167.804 168.246 169.138 -0.7 0.8 0.5

Nondurables

Jump to page with historical data
229.047 229.666 230.803 0.3 0.8 0.5

Nondurables less food

Jump to page with historical data
214.896 215.939 217.746 -0.4 1.3 0.8

Services less rent of shelter (2)

Jump to page with historical data
306.944 307.629 306.906 2.6 0.0 -0.2

Services less medical care services

Jump to page with historical data
291.196 292.015 292.178 2.3 0.3 0.1

Energy

Jump to page with historical data
241.173 244.540 244.038 0.8 1.2 -0.2

All items less energy

Jump to page with historical data
252.052 252.320 252.872 1.5 0.3 0.2

All items less food and energy

Jump to page with historical data
255.315 255.625 256.239 1.6 0.4 0.2

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: September 18, 2013