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News Release Information

15-517-PHI
Friday, September 11, 2015

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Consumer Price Index, Northeast Region – February 2015

Area prices up 0.2 percent over the month and down 0.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast edged up 0.2 percent in February, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that a 0.3-percent rise in the all items less food and energy index was mostly offset by a 0.3-percent decline in the energy index. The food index was unchanged over the month. (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 Northeast all items CPI-U decreased 0.2 percent. (See chart 1 and table A.) The energy index fell 18.7 percent over the year, while the all items less food and energy index was 1.4 percent higher. Food prices also increased from February 2014, up 2.7 percent. (See table 1.)

Food

After inching up 0.1 percent in January, food prices were unchanged in February. Food away from home prices inched up 0.1 percent, while food at home prices were unchanged over the month.

From February 2014 to February 2015, the food index increased 2.7 percent. Food at home prices rose 2.9 percent over the year and prices for food away from home increased 2.3 percent.

Energy

The energy index, which includes prices for household and transportation fuels, decreased for the ninth straight month, down 20.3 percent since May 2014 and 0.3 percent since January. Both gasoline and utility (piped) gas service prices were lower over the month, down 2.0 and 2.6 percent, respectively. Moderating the overall decline in the energy index were higher electricity prices, up 2.0 percent since January.

The energy index fell 18.7 percent since February 2014.  The recent decrease was mostly due to a 34.4-percent drop in gasoline prices—the largest 12-month decrease since July 2009. Prices for utility (piped) gas service also fell over the year, down 10.5 percent, while those for electricity increased 8.6 percent.

All items less food and energy

The index for all items less food and energy edged up 0.3 percent in February. A 2.7-percent seasonal increase in apparel prices led the recent advance. Among the index’s other components, prices were also higher for shelter, particularly owners’ equivalent rent of residences (0.2 percent each), along with those for medical care (0.7 percent) and recreation (0.5 percent).

Over the year, the index for all items less food and energy increased 1.4 percent, led by higher prices for shelter (2.3 percent). Prices were also higher for medical care (3.4 percent) and apparel (2.2 percent). Moderating the 12-month advance in the all items less food and energy index were lower prices for household furnishings and operations and recreation, down 1.7 and 0.9 percent, respectively.

 

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month20112012201320142015
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.41.60.42.90.31.80.61.5-0.2-0.4

February

0.52.00.42.80.62.00.11.00.2-0.2

March

0.82.50.52.50.01.50.51.5  

April

0.52.80.32.3-0.11.10.01.6  

May

0.53.2-0.11.70.01.20.42.0  

June

0.13.4-0.21.50.11.50.01.9  

July

0.23.6-0.11.10.21.80.11.8  

August

0.33.80.51.30.21.5-0.31.3  

September

0.14.00.51.70.11.10.01.2  

October

-0.13.60.11.9-0.40.7-0.21.4  

November

-0.13.2-0.21.80.11.0-0.40.9  

December

-0.32.9-0.31.80.01.3-0.50.4  

The Consumer Price Index for March 2015 is scheduled to be released Friday, April 17, 2015, at 8:30 a.m. (ET).


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 28 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: (800) 877-8339.

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 categoryIndexesPercent change from
 
Historical
data
Dec.
2014
Jan.
2015
Feb.
2015
Feb.
2014
Dec.
2014
Jan.
2015

All items

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250.519250.016250.619-0.20.00.2

All items (December 1977 = 100)

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394.492393.699394.648   
 

Food and beverages

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250.444250.774250.8972.60.20.0

Food

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250.516250.847250.9172.70.20.0

Food at home

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248.691248.942248.8812.90.10.0

Food away from home

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256.346256.799257.0642.30.30.1

Alcoholic beverages

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248.323248.652249.4471.30.50.3
 

Housing

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261.939263.363264.0491.30.80.3

Shelter

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319.376320.295321.0742.30.50.2

Rent of primary residence (1)

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320.606321.124321.9612.80.40.3

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

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331.392332.339332.9962.10.50.2

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

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331.222332.166332.8152.10.50.2

Fuels and utilities

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219.675225.280226.898-2.53.30.7

Household energy

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197.158203.231204.961-3.24.00.9

Energy services (1)

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191.825201.727203.3343.26.00.8

Electricity (1)

Jump to page with historical data
196.345210.584214.6918.69.32.0

Utility (piped) gas service (1)

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170.300169.493165.164-10.5-3.0-2.6

Household furnishings and operations

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123.004123.219122.954-1.70.0-0.2
 

Apparel

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126.185127.778131.2012.24.02.7
 

Transportation

Jump to page with historical data
203.360195.235195.156-9.8-4.00.0

Private transportation

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195.468187.107186.628-10.8-4.5-0.3

New and used motor vehicles (3)

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96.96197.01997.384-0.90.40.4

New vehicles

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144.186144.923145.3960.50.80.3

New cars and trucks (3) (4)

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99.890100.409100.7570.50.90.3

New cars (4)

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137.366138.324138.743-0.11.00.3

Used cars and trucks

Jump to page with historical data
149.169148.559150.518-2.60.91.3

Motor fuel

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233.855196.553192.644-34.4-17.6-2.0

Gasoline (all types)

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232.565195.288191.458-34.4-17.7-2.0

Gasoline, unleaded regular (4)

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230.940193.172189.577-35.2-17.9-1.9

Gasoline, unleaded midgrade (4) (5)

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245.039208.492203.032-32.1-17.1-2.6

Gasoline, unleaded premium (4)

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236.160202.677197.472-30.8-16.4-2.6
 

Medical care

Jump to page with historical data
460.596462.132465.5543.41.10.7

Medical care commodities

Jump to page with historical data
373.682374.814379.8344.11.61.3

Medical care services

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484.578486.233489.0583.10.90.6

Professional services

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358.519358.844360.9572.80.70.6
 

Recreation (3)

Jump to page with historical data
119.093119.495120.103-0.90.80.5
 

Education and communication (3)

Jump to page with historical data
137.850138.118137.9040.30.0-0.2
 

Other goods and services

Jump to page with historical data
445.391448.803444.7101.8-0.2-0.9
 

Commodity and service group

 

Commodities

Jump to page with historical data
188.554185.655186.174-4.2-1.30.3

Commodities less food and beverages

Jump to page with historical data
154.189150.020150.688-8.5-2.30.4

Nondurables less food and beverages

Jump to page with historical data
196.400187.409188.497-12.0-4.00.6

Durables

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106.045106.389106.641-2.40.60.2

Services

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310.844312.501313.1902.00.80.2
 

Special aggregate indexes

 

All items less shelter

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227.159226.115226.657-1.5-0.20.2

All items less medical care

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241.277240.691241.177-0.50.00.2

Commodities less food

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157.655153.606154.280-8.0-2.10.4

Nondurables

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223.610218.962219.602-4.7-1.80.3

Nondurables less food

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199.400190.977192.046-11.1-3.70.6

Services less rent of shelter (2)

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312.601315.145315.7461.71.00.2

Services less medical care services

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298.798300.447301.0031.90.70.2

Energy

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212.652200.653200.035-18.7-5.9-0.3

All items less energy

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256.872257.555258.2901.60.60.3

All items less food and energy

Jump to page with historical data
259.664260.414261.2721.40.60.3

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: Friday, September 11, 2015