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Wednesday, May 11, 2022
Prices in the Northeast Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.6 percent in April, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the increase was the smallest in 2022, following a 1.3 percent rise in March. The all items less food and energy index was up 0.6 percent; the food index also increased in April, up 1.0 percent; and the energy index inched up 0.1 percent. (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 7.2 percent about the same as in March (7.3 percent). (See chart 1 and table A.) The all items less food and energy index was mostly responsible for the over-the-year increase, up 4.9 percent. The energy index jumped 33.2 percent over the year, as the price of gasoline was 43.6 percent higher than the year before. The food index advanced 8.0 percent over-the-year. (See table 1.)
FoodFood prices rose 1.0 percent for the month of April. (See table 1.) Of the two major components within the food index, prices for food at home increased 1.4 percent, while prices for food away from home were up 0.3 percent for the same period. Within food at home, prices were higher for dairy and related products (3.3 percent); meats, poultry, fish, and eggs (1.2 percent); and fruits and vegetables (1.4 percent).
From April 2021 to April 2022, the food index increased 8.0 percent – the highest 12-month change since June 1981. Prices for food at home advanced 9.3 percent since a year ago, the greatest such increase since April 1981. Prices for food away from home increased 5.8 percent, continuing slight deceleration since January 2022.
EnergyThe energy index inched up 0.1 percent over the month, following a 11.2 percent increase in March. Gasoline prices decreased 2.5 percent, the largest gasoline price decrease in a year. Prices for electricity increased 2.1 percent for the same period. The utility (piped) gas service index advanced 2.7 percent over the month, the largest increase for the natural gas index since the start of 2022 but below the recent peak of 3.5 percent in November 2021.
Energy prices soared 33.2 percent over the year, largely due to higher prices for gasoline (43.6 percent), which was the 15th consecutive month of increase, peaking at 57.1 percent in November. Prices for electricity advanced 14.9 percent during the past year while fuel oil prices jumped 81.6 percent. Prices paid for utility (piped) gas service jumped 23.7 percent. The price increase for utility (piped) gas service represents the 16th month of consecutive price increases.
All items less food and energyThe index for all items less food and energy rose 0.6 percent in April, it has ranged from 0.5 to 0.7 percent so far in 2022. Higher prices for shelter (0.5 percent) - largely lodging away from home (up 7.7 percent) – as well as higher prices for medical care (up 0.9 percent) and public transportation pushed the overall index up but they were somewhat offset by decreases in apparel (3.6 percent) and education and communication (0.2 percent). The new and used motor vehicles index was up 2.5 percent.
Over the year, the index for all items less food and energy increased 4.9 percent after 2 consecutive months of 5.0 percent increases. The 17.6 percent 12-month increase in the new and used motor vehicles index and the 3.1 percent increase in the shelter index accounted for well over half of the increase in the all items less food and energy index. The shelter increase was the largest over-the-year shelter increase since January 2017. The increase in shelter was led by gains in the indexes for owners’ equivalent rent of residences (2.8 percent) and household operations and furnishings, up 9.3 percent - the largest increase in over 41 years.
Month | 2018 | 2019 | 2020 | 2021 | 2022 | |||||
---|---|---|---|---|---|---|---|---|---|---|
1-month | 12-month | 1-month | 12-month | 1-month | 12-month | 1-month | 12-month | 1-month | 12-month | |
January | 0.5 | 1.6 | 0.3 | 1.5 | 0.7 | 2.3 | 0.4 | 1.1 | 0.8 | 6.3 |
February | 0.4 | 1.7 | 0.2 | 1.3 | 0.3 | 2.4 | 0.4 | 1.2 | 0.7 | 6.6 |
March | 0.1 | 2.0 | 0.5 | 1.7 | -0.2 | 1.7 | 0.6 | 2.1 | 1.3 | 7.3 |
April | 0.4 | 2.1 | 0.4 | 1.7 | -0.4 | 0.8 | 0.7 | 3.3 | 0.6 | 7.2 |
May | 0.4 | 2.5 | 0.3 | 1.5 | 0.0 | 0.6 | 0.6 | 3.9 | ||
June | 0.0 | 2.6 | 0.1 | 1.6 | 0.3 | 0.8 | 1.0 | 4.6 | ||
July | 0.0 | 2.7 | 0.1 | 1.7 | 0.4 | 1.1 | 0.2 | 4.3 | ||
August | 0.2 | 2.7 | 0.1 | 1.5 | 0.1 | 1.1 | 0.1 | 4.4 | ||
September | 0.1 | 2.2 | 0.0 | 1.4 | 0.1 | 1.2 | 0.3 | 4.6 | ||
October | -0.1 | 2.3 | -0.1 | 1.5 | -0.2 | 1.1 | 0.6 | 5.4 | ||
November | -0.4 | 1.9 | 0.1 | 1.9 | 0.1 | 1.1 | 0.6 | 6.0 | ||
December | -0.1 | 1.7 | -0.1 | 1.9 | 0.2 | 1.4 | 0.2 | 5.9 |
Additional price indexes are now available for the two divisions of the Northeast. Over the month, the all items CPI-U was 0.1 percent higher in the New England division, while prices in the Middle Atlantic division rose 0.8 percent.
Over the year, the all items index rose 7.0 percent in the New England division and also rose in the Middle Atlantic division, up 7.2 percent. (See table B.)
Area | 1-month change | 12-month change |
---|---|---|
Northeast | 0.6 | 7.2 |
New England Division | 0.1 | 7.0 |
Middle Atlantic Division | 0.8 | 7.2 |
The Consumer Price Index for May 2022 is scheduled to be released on Friday, June 10, 2022, 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 U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 6,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000. Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.
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.
The New England division is comprised of Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
The Middle Atlantic division is comprised of New Jersey, New York, and Pennsylvania.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.
Expenditure category | Indexes | Percent change from | |||||
---|---|---|---|---|---|---|---|
Historical data | Feb. 2022 | Mar. 2022 | Apr. 2022 | Apr. 2021 | Feb. 2022 | Mar. 2022 | |
All items | 294.605 | 298.403 | 300.325 | 7.2 | 1.9 | 0.6 | |
All items (December 1977 = 100) | 463.912 | 469.894 | 472.920 | ||||
Food and beverages | 295.233 | 297.203 | 300.047 | 7.8 | 1.6 | 1.0 | |
Food | 296.880 | 298.883 | 301.840 | 8.0 | 1.7 | 1.0 | |
Food at home | 280.327 | 282.730 | 286.582 | 9.3 | 2.2 | 1.4 | |
Cereals and bakery products | 333.363 | 335.526 | 340.416 | 9.8 | 2.1 | 1.5 | |
Meats, poultry, fish, and eggs | 296.569 | 297.267 | 300.953 | 10.9 | 1.5 | 1.2 | |
Dairy and related products | 252.336 | 253.603 | 262.070 | 10.8 | 3.9 | 3.3 | |
Fruits and vegetables | 342.776 | 345.908 | 350.638 | 7.4 | 2.3 | 1.4 | |
Nonalcoholic beverages and beverage materials | 192.892 | 192.256 | 195.044 | 8.0 | 1.1 | 1.5 | |
Other food at home | 246.557 | 252.079 | 253.600 | 9.0 | 2.9 | 0.6 | |
Food away from home | 324.347 | 325.521 | 326.649 | 5.8 | 0.7 | 0.3 | |
Alcoholic beverages | 272.179 | 273.704 | 275.062 | 4.1 | 1.1 | 0.5 | |
Housing | 310.168 | 313.196 | 315.371 | 5.6 | 1.7 | 0.7 | |
Shelter | 379.166 | 380.887 | 382.640 | 3.1 | 0.9 | 0.5 | |
Rent of primary residence | 381.549 | 382.076 | 383.169 | 2.5 | 0.4 | 0.3 | |
Owners' equivalent rent of residences(1) | 393.611 | 394.432 | 395.373 | 2.8 | 0.4 | 0.2 | |
Owners' equivalent rent of primary residence(1) | 393.266 | 394.084 | 395.028 | 2.8 | 0.4 | 0.2 | |
Fuels and utilities | 266.556 | 279.655 | 285.467 | 21.3 | 7.1 | 2.1 | |
Household energy | 237.801 | 251.512 | 257.473 | 25.0 | 8.3 | 2.4 | |
Energy services | 229.158 | 236.042 | 241.446 | 17.6 | 5.4 | 2.3 | |
Electricity | 225.379 | 235.572 | 240.543 | 14.9 | 6.7 | 2.1 | |
Utility (piped) gas service | 219.240 | 219.386 | 225.203 | 23.7 | 2.7 | 2.7 | |
Household furnishings and operations | 136.146 | 137.074 | 138.292 | 9.3 | 1.6 | 0.9 | |
Apparel | 130.827 | 134.447 | 129.657 | 3.0 | -0.9 | -3.6 | |
Transportation | 243.040 | 252.063 | 255.695 | 18.2 | 5.2 | 1.4 | |
Private transportation | 242.462 | 251.301 | 253.535 | 19.4 | 4.6 | 0.9 | |
New and used motor vehicles(2) | 122.080 | 121.692 | 124.792 | 17.6 | 2.2 | 2.5 | |
New vehicles | 164.588 | 163.078 | 164.492 | 11.5 | -0.1 | 0.9 | |
114.105 | 113.060 | ||||||
New cars(3) | 155.361 | 154.520 | 156.487 | 13.2 | 0.7 | 1.3 | |
Used cars and trucks | 223.773 | 219.614 | 217.988 | 23.8 | -2.6 | -0.7 | |
Motor fuel | 302.827 | 357.632 | 348.980 | 43.7 | 15.2 | -2.4 | |
Gasoline (all types) | 301.617 | 356.041 | 347.219 | 43.6 | 15.1 | -2.5 | |
Gasoline, unleaded regular(3) | 299.401 | 354.027 | 344.584 | 44.2 | 15.1 | -2.7 | |
316.597 | 371.363 | 366.408 | 41.7 | 15.7 | -1.3 | ||
Gasoline, unleaded premium(3) | 304.471 | 355.314 | 350.883 | 39.4 | 15.2 | -1.2 | |
Motor vehicle insurance(5) | |||||||
Medical care | 559.364 | 563.166 | 568.472 | 3.3 | 1.6 | 0.9 | |
Medical care commodities | 381.715 | 383.644 | 386.322 | 2.0 | 1.2 | 0.7 | |
Medical care services | 611.630 | 616.008 | 622.123 | 3.6 | 1.7 | 1.0 | |
Professional services | 423.559 | 423.664 | 428.561 | 2.4 | 1.2 | 1.2 | |
Recreation(2) | 135.169 | 135.923 | 136.369 | 5.0 | 0.9 | 0.3 | |
Education and communication(2) | 153.193 | 152.753 | 152.381 | 1.9 | -0.5 | -0.2 | |
Tuition, other school fees, and child care(5) | 1,342.406 | 1,342.234 | 1,342.634 | 2.4 | 0.0 | 0.0 | |
Other goods and services | 546.304 | 552.074 | 552.518 | 5.7 | 1.1 | 0.1 | |
Commodity and service group | |||||||
Commodities | 218.530 | 223.384 | 223.370 | 12.1 | 2.2 | 0.0 | |
Commodities less food and beverages | 176.494 | 182.158 | 181.058 | 15.2 | 2.6 | -0.6 | |
Nondurables less food and beverages | 221.564 | 236.826 | 234.083 | 17.2 | 5.7 | -1.2 | |
Durables | 124.063 | 123.348 | 123.360 | 13.5 | -0.6 | 0.0 | |
Services | 367.514 | 370.184 | 374.044 | 4.5 | 1.8 | 1.0 | |
Special aggregate indexes | |||||||
All items less shelter | 265.539 | 270.076 | 272.061 | 9.3 | 2.5 | 0.7 | |
All items less medical care | 282.949 | 286.740 | 288.517 | 7.5 | 2.0 | 0.6 | |
Commodities less food | 180.192 | 185.784 | 184.742 | 14.7 | 2.5 | -0.6 | |
Nondurables | 258.094 | 266.941 | 266.906 | 11.9 | 3.4 | 0.0 | |
Nondurables less food | 224.476 | 238.860 | 236.376 | 16.2 | 5.3 | -1.0 | |
Services less rent of shelter(1) | 367.351 | 371.135 | 377.423 | 6.0 | 2.7 | 1.7 | |
Services less medical care services | 350.704 | 353.256 | 356.960 | 4.6 | 1.8 | 1.0 | |
Energy | 264.302 | 293.911 | 294.285 | 33.2 | 11.3 | 0.1 | |
All items less energy | 301.134 | 302.683 | 304.768 | 5.4 | 1.2 | 0.7 | |
All items less food and energy | 303.806 | 305.285 | 307.228 | 4.9 | 1.1 | 0.6 | |
Footnotes |
Last Modified Date: Wednesday, May 11, 2022