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Wednesday, November 14, 2018
The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast inched down 0.1 percent in October, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that this was due to decreases in the energy index (-0.6 percent) and the food index (-0.4 percent). The all items less food and energy index was unchanged. (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 increased 2.3 percent. (See chart 1 and table A.) The all items less food and energy index led the advance, rising 1.7 percent. The energy index and the food index also rose, up 9.1 and 1.5 percent, respectively, since October 2017. (See table 1.)Food
The food index decreased 0.4 percent since September as prices for food at home declined 0.8 percent. Food away from home prices rose, inching up 0.1 percent.
From October 2017 to October 2018, the food index increased 1.5 percent. Prices for both food away from home and food at home increased over the year, up 2.7 and 0.7 percent, respectively.Energy
The energy index, which includes prices for household and transportation fuels, declined 0.6 percent in October. Gasoline prices decreased 0.8 percent since September. Prices also decreased for electricity and utility (piped) gas service, down 1.1 and 1.7 percent, respectively.
The energy index advanced 9.1 percent since October 2017. The increase reflected higher prices for gasoline, up 12.2 percent. Prices also increased over the year for electricity (4.3 percent) and utility (piped) gas service (4.0 percent).All items less food and energy
The index for all items less food and energy was unchanged over the month. Higher prices for medical care (0.3 percent) and household furnishings and operations (0.7 percent), among others, were moderated by lower prices for shelter (-0.1 percent) and recreation (-0.3 percent).
The index for all items less food and energy increased 1.7 percent since October 2017, led by higher prices for shelter, up 2.6 percent. Prices also rose over the year for medical care (1.9 percent) and education and communication (1.5 percent), but were lower for apparel (-1.4 percent), among others.
The Consumer Price Index for November 2018 is scheduled to be released Wednesday, December 12, 2018, at 8:30 a.m. (ET).
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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 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 75 urban areas across the country from about 5,000 housing units and approximately 22,000 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/pdf/homch17.pdf.
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.
|Expenditure category||Indexes||Percent change from|
All items (December 1977 = 100)
Food and beverages
Food at home
Cereals and bakery products
Meats, poultry, fish, and eggs
Dairy and related products
Fruits and vegetables
Nonalcoholic beverages and beverage materials
Other food at home
Food away from home
Rent of primary residence
Owners' equivalent rent of residences(1)
Owners' equivalent rent of primary residence(1)
Fuels and utilities
Utility (piped) gas service
Household furnishings and operations
New and used motor vehicles(2)
Used cars and trucks
Gasoline (all types)
Gasoline, unleaded regular(3)
Gasoline, unleaded premium(3)
Motor vehicle insurance(5)
Medical care commodities
Medical care services
Education and communication(2)
Tuition, other school fees, and child care(5)
Other goods and services
Commodity and service group
Commodities less food and beverages
Nondurables less food and beverages
Special aggregate indexes
All items less shelter
All items less medical care
Commodities less food
Nondurables less food
Services less rent of shelter(1)
Services less medical care services
All items less energy
All items less food and energy
Last Modified Date: Wednesday, November 14, 2018