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13-2108-PHI

Wednesday, October 30, 2013

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Consumer Price Index, Northeast Region – September 2013

Regional Prices Up 0.1 Percent Over the Month and 1.1 Percent Over the Year

 

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region inched up 0.1 percent in September, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the one-month advance was due largely to an increase in the all items less food and energy index (0.1 percent). The energy index was also higher, up 0.3 percent, as was the food index, which inched up 0.1 percent since August. (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 1.1 percent, due almost entirely 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 September 2012, up 1.2 percent, while the energy index declined 2.3 percent. (See table 1.)

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

Food

Matching its increase for August, the food index inched up 0.1 percent in September. Prices for one of its two components, food at home, edged up 0.3 percent, while prices for the other, food away from home, inched down 0.1 percent over the month.  

Over the year, the food index advanced 1.2 percent. Prices for both the food at home and food away from home components increased since last September, up 1.1 and 1.4 percent, respectively.

Energy

The energy index, which includes prices for household and transportation fuels, edged up 0.3 percent over the month. Following a 2.5-percent decrease in August, electricity prices advanced 3.4 percent in September. Prices for gasoline fell 1.3 percent over the month; utility (piped) gas service prices were also lower, edging down 0.2 percent. 

The energy index decreased 2.3 percent over the year, reflecting lower prices for gasoline (-6.5 percent). Meanwhile, prices for both electricity and utility (piped) gas service were higher since September 2012, up 3.6 and 4.8 percent, respectively. 

All items less food and energy

The index for all items less food and energy inched up 0.1 percent since August, led by a 3.5-percent seasonal advance in apparel prices. Over the month, shelter prices also increased (0.1 percent), particularly those for owners’ equivalent rent of residences (0.3 percent). Moderating the increase in the all items less food and energy group was a one-month decline in prices for recreation, down 0.7 percent.

The all items less food and energy index rose 1.6 percent over the year. The advance mainly reflected higher prices for shelter (2.3 percent), particularly those for owners’ equivalent rent of residences (2.0 percent) since September 2012. Prices also increased for medical care (2.0 percent) and education and communication (1.3 percent), while prices decreased for household furnishings and operations (-2.1 percent) and apparel (-0.4 percent) over the last 12 months.

The October 2013 Consumer Price Index for the Northeast region is scheduled to be released on November 20, 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 0.1 1.1

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    

 

Federal Government Shutdown

The release of these data occurs two weeks later than originally scheduled because of the recent partial Federal government shutdown. Data collection for the estimates in this release had been completed prior to the shutdown in accordance with our normal schedule. However, the processing of the estimates and the production of the Consumer Price Index news release were delayed due to the shutdown.

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
Jul.
2013
Aug.
2013
Sep.
2013
Sep.
2012
Jul.
2013
Aug.
2013

All items

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249.411 249.858 250.231 1.1 0.3 0.1

All items (December 1977 = 100)

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392.746 393.451 394.037      
 

Food and beverages

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243.135 243.359 243.563 1.2 0.2 0.1

Food

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242.882 243.126 243.354 1.2 0.2 0.1

Food at home

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241.172 241.176 241.800 1.1 0.3 0.3

Food away from home

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248.456 249.055 248.704 1.4 0.1 -0.1

Alcoholic beverages

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245.212 245.147 245.004 1.5 -0.1 -0.1
 

Housing

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256.688 256.842 257.519 1.9 0.3 0.3

Shelter

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309.799 310.772 311.165 2.3 0.4 0.1

Rent of primary residence (1)

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308.622 309.740 310.267 2.6 0.5 0.2

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

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319.482 321.139 322.024 2.0 0.8 0.3

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

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319.374 321.048 321.935 2.0 0.8 0.3

Fuels and utilities

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222.095 219.463 223.046 2.4 0.4 1.6

Household energy

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201.173 198.342 202.180 2.5 0.5 1.9

Energy services (1)

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191.589 187.501 191.769 3.9 0.1 2.3

Electricity (1)

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194.380 189.428 195.776 3.6 0.7 3.4

Utility (piped) gas service (1)

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174.248 172.204 171.889 4.8 -1.4 -0.2

Household furnishings and operations

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126.681 126.143 125.529 -2.1 -0.9 -0.5
 

Apparel

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126.160 129.228 133.757 -0.4 6.0 3.5
 

Transportation

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219.514 219.400 218.014 -0.6 -0.7 -0.6

Private transportation

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211.388 211.851 210.549 -1.3 -0.4 -0.6

New and used motor vehicles (3)

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99.007 99.010 98.857 0.1 -0.2 -0.2

New vehicles

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143.389 143.820 143.970 1.4 0.4 0.1

New cars and trucks (3) (4)

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99.354 99.673 99.778 1.4 0.4 0.1

New cars (4)

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138.593 138.621 138.751 0.7 0.1 0.1

Used cars and trucks

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159.808 159.945 158.264 -1.4 -1.0 -1.1

Motor fuel

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304.874 307.707 303.790 -6.4 -0.4 -1.3

Gasoline (all types)

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303.829 306.667 302.650 -6.5 -0.4 -1.3

Gasoline, unleaded regular (4)

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304.979 307.750 303.509 -6.7 -0.5 -1.4

Gasoline, unleaded midgrade (4) (5)

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309.386 312.524 309.126 -6.2 -0.1 -1.1

Gasoline, unleaded premium (4)

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294.772 297.701 294.464 -5.5 -0.1 -1.1
 

Medical care

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448.070 448.553 449.398 2.0 0.3 0.2

Medical care commodities

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367.254 367.340 366.115 -2.0 -0.3 -0.3

Medical care services

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469.592 470.226 471.901 3.3 0.5 0.4

Professional services

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350.802 350.893 351.240 2.5 0.1 0.1
 

Recreation (3)

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120.168 120.409 119.585 -0.1 -0.5 -0.7
 

Education and communication (3)

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136.685 137.456 137.955 1.3 0.9 0.4
 

Other goods and services

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432.581 433.246 433.877 1.3 0.3 0.1
 

Commodity and service group

 

Commodities

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194.174 194.898 195.019 -0.9 0.4 0.1

Commodities less food and beverages

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165.153 166.067 166.147 -2.2 0.6 0.0

Nondurables less food and beverages

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214.182 216.092 216.726 -2.8 1.2 0.3

Durables

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110.232 110.140 109.679 -1.2 -0.5 -0.4

Services

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303.556 303.744 304.358 2.4 0.3 0.2
 

Special aggregate indexes

 

All items less shelter

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229.216 229.473 229.841 0.6 0.3 0.2

All items less medical care

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240.646 241.090 241.443 1.1 0.3 0.1

Commodities less food

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168.246 169.138 169.212 -2.1 0.6 0.0

Nondurables

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229.666 230.803 231.241 -0.8 0.7 0.2

Nondurables less food

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215.939 217.746 218.339 -2.5 1.1 0.3

Services less rent of shelter (2)

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307.629 306.906 307.789 2.6 0.1 0.3

Services less medical care services

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292.015 292.178 292.729 2.3 0.2 0.2

Energy

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244.540 244.038 244.687 -2.3 0.1 0.3

All items less energy

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252.320 252.872 253.219 1.5 0.4 0.1

All items less food and energy

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255.625 256.239 256.610 1.6 0.4 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: October 31, 2013