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13-2428-PHI

Tuesday, December 17, 2013

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Consumer Price Index, Northeast Region – November 2013

Regional Prices Up 0.1 Percent Over the Month; 1.0 Percent Over the Year

 

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region inched up 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent increase was due to a 0.2-percent rise in the all items less food and energy index. Nearly offsetting the overall increase were one-month decreases in the energy and food indexes, down 0.6 and 0.1 percent, respectively. (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 1.0 percent, due almost entirely to a 1.7-percent advance in the all items less food and energy index. (See chart 1 and table A.) The food index also rose since November 2012, up 0.5 percent, while the energy index dropped 4.5 percent. (See table 1.)

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

Food

Following a 0.3-percent decrease in October, the food index inched down 0.1 percent in November. Prices for one of its two components, food at home, decreased 0.4 percent, while prices for the other, food away from home, increased 0.4 percent over the month.

Over the year, the food index advanced 0.5 percent. Prices for the food away from home index rose 1.5 percent while those for food at home edged down 0.3 percent—the first 12-month decrease for this component in nearly four years.

Energy

The energy index, which includes prices for household and transportation fuels, fell 0.6 percent since October. Most of the recent decrease was due to lower gasoline prices, down 1.7 percent over the month. Utility (piped) gas service prices also declined, down 0.4 percent in November, while electricity prices increased 0.9 percent.

The energy index decreased 4.5 percent over the year, reflecting an 8.5-percent drop in gasoline prices. Prices for utility (piped) gas service were also lower since November 2012, down 3.6 percent, while those for electricity rose 2.6 percent.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent since October. Price increases for components such as shelter (0.2 percent), particularly owners’ equivalent rent of residences (0.4 percent) were nearly offset by price decreases for apparel and used cars and trucks (-1.0 percent each), as well as  other goods and services (-0.4 percent).

The all items less food and energy index rose 1.7 percent over the year. The advance mainly reflected higher prices for shelter, particularly those for owners’ equivalent rent of residences, each up 2.4 percent since November 2012. Prices also increased for medical care (2.0 percent) and education and communication (1.5 percent). Moderating the overall rise in the all items less food and energy index were lower prices for household furnishings and operations, down 2.1 percent over the year.

The December 2013 Consumer Price Index for the Northeast region is scheduled to be released on January 16, 2014, 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 -0.4 0.7

November

-1.6 1.7 0.2 2.0 0.2 1.5 -0.1 3.2 0.2 1.8 0.1 1.0

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
Sep.
2013
Oct.
2013
Nov.
2013
Nov.
2012
Sep.
2013
Oct.
2013

All items

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250.231 249.320 249.503 1.0 -0.3 0.1

All items (December 1977 = 100)

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394.037 392.603 392.891      
 

Food and beverages

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243.563 242.924 242.806 0.6 -0.3 0.0

Food

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243.354 242.648 242.474 0.5 -0.4 -0.1

Food at home

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241.800 240.601 239.698 -0.3 -0.9 -0.4

Food away from home

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248.704 248.716 249.613 1.5 0.4 0.4

Alcoholic beverages

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245.004 245.332 246.036 1.8 0.4 0.3
 

Housing

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257.519 256.898 257.530 1.7 0.0 0.2

Shelter

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311.165 311.359 312.085 2.4 0.3 0.2

Rent of primary residence (1)

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310.267 311.202 311.745 2.8 0.5 0.2

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

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322.024 323.072 324.283 2.4 0.7 0.4

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

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321.935 322.985 324.196 2.4 0.7 0.4

Fuels and utilities

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223.046 218.076 219.212 0.2 -1.7 0.5

Household energy

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202.180 196.745 197.809 -0.3 -2.2 0.5

Energy services (1)

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191.769 185.339 186.252 0.6 -2.9 0.5

Electricity (1)

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195.776 185.846 187.491 2.6 -4.2 0.9

Utility (piped) gas service (1)

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171.889 173.129 172.464 -3.6 0.3 -0.4

Household furnishings and operations

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125.529 125.434 125.386 -2.1 -0.1 0.0
 

Apparel

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133.757 133.700 132.300 0.1 -1.1 -1.0
 

Transportation

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218.014 214.713 214.909 -0.9 -1.4 0.1

Private transportation

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210.549 206.869 206.112 -1.9 -2.1 -0.4

New and used motor vehicles (3)

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98.857 98.480 98.408 0.0 -0.5 -0.1

New vehicles

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143.970 143.496 144.205 0.4 0.2 0.5

New cars and trucks (3) (4)

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99.778 99.407 99.902 0.3 0.1 0.5

New cars (4)

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138.751 138.067 138.517 -0.8 -0.2 0.3

Used cars and trucks

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158.264 156.938 155.299 0.1 -1.9 -1.0

Motor fuel

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303.790 287.548 282.662 -8.4 -7.0 -1.7

Gasoline (all types)

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302.650 286.222 281.292 -8.5 -7.1 -1.7

Gasoline, unleaded regular (4)

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303.509 286.512 281.345 -8.8 -7.3 -1.8

Gasoline, unleaded midgrade (4) (5)

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309.126 293.819 289.554 -7.8 -6.3 -1.5

Gasoline, unleaded premium (4)

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294.464 280.386 276.302 -7.3 -6.2 -1.5
 

Medical care

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449.398 448.873 449.025 2.0 -0.1 0.0

Medical care commodities

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366.115 366.281 366.104 0.3 0.0 0.0

Medical care services

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471.901 471.105 471.389 2.5 -0.1 0.1

Professional services

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351.240 351.402 350.980 2.3 -0.1 -0.1
 

Recreation (3)

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119.585 119.880 120.060 0.3 0.4 0.2
 

Education and communication (3)

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137.955 137.998 138.058 1.5 0.1 0.0
 

Other goods and services

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433.877 435.911 434.107 1.3 0.1 -0.4
 

Commodity and service group

 

Commodities

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195.019 193.389 192.732 -1.2 -1.2 -0.3

Commodities less food and beverages

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166.147 164.148 163.280 -2.4 -1.7 -0.5

Nondurables less food and beverages

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216.726 213.295 211.518 -2.9 -2.4 -0.8

Durables

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109.679 109.158 109.212 -1.3 -0.4 0.0

Services

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304.358 304.121 305.101 2.3 0.2 0.3
 

Special aggregate indexes

 

All items less shelter

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229.841 228.514 228.498 0.3 -0.6 0.0

All items less medical care

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241.443 240.522 240.705 0.9 -0.3 0.1

Commodities less food

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169.212 167.266 166.437 -2.2 -1.6 -0.5

Nondurables

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231.241 229.088 228.073 -1.2 -1.4 -0.4

Nondurables less food

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218.339 215.106 213.458 -2.7 -2.2 -0.8

Services less rent of shelter (2)

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307.789 307.059 308.384 2.2 0.2 0.4

Services less medical care services

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292.729 292.525 293.534 2.3 0.3 0.3

Energy

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244.687 234.778 233.390 -4.5 -4.6 -0.6

All items less energy

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253.219 253.254 253.605 1.5 0.2 0.1

All items less food and energy

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256.610 256.786 257.238 1.7 0.2 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: December 19, 2013