Friday, June 10, 2022
The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast rose 0.9 percent in May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Alexandra Hall Bovee noted that higher prices for energy, up 7.4 percent, was responsible for over two-thirds of the overall increase as gasoline prices rose 10.8 percent over the month. Increases were broad based: the food index, up 1.1 percent, and the all items less food and energy index, up 0.2 percent, also contributed overall increase. (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 7.5 percent, the largest increase since December 1981. (See chart 1 and table A.) The all items less food and energy index, up 4.6 percent, was responsible for nearly half of the over-the-year increase but the energy index jumped 40.2 percent, largely the result of higher gasoline prices. The food index advanced 9.0 percent over-the-year. (See table 1.)Food
Food prices rose 1.1 percent for the month of May representing the 15th consecutive month of increases, ranging from 0.2 to 1.1 percent. (See table 1.) Of the two major components within the food index, prices for food at home increased 1.4 percent, matching the April increase, while prices for food away from home rose 0.5 percent for the same period. Food at home prices were higher for other food at home (1.9 percent); meats, poultry, fish, and eggs (1.9 percent); and cereals and bakery products (1.8 percent), among other categories.
From May 2021 to May 2022, the food index increased 9.0 percent – the highest 12-month change since April 1981. Prices for food at home advanced 10.4 percent since a year ago, the greatest such increase in over 41 years. The food away from home index increased 6.3 percent.Energy
The energy index increased 7.4 percent over the month mainly due to higher prices for gasoline (10.8 percent) and fuel oil (18.4 percent). Electricity and utility (piped) gas service advanced 1.5 percent and 2.4 percent, respectively.
Energy prices advanced 40.2 percent over the year, the 16th consecutive increase and the largest since May 1980. Gasoline prices rose 51.9 percent, below the November peak of 57.1 percent. Fuel oil prices jumped 112.5 percent while electricity prices were up 15.3 percent. The utility (piped) gas service index was up 31.1 percent, the largest increase since October 2005.All items less food and energy
The index for all items less food and energy rose 0.2 percent in May, the smallest increase in 2022. The shelter index (up 0.4 percent after increases of 0.5 percent in March and April) was pushed by a 0.4 percent increase in owners' equivalent rent of residences which accounted for more than two-thirds of the shelter rise. For more than 7 years, over-the-month changes in owners' equivalent rent of residences have ranged from 0 to 0.4 percent and rent of primary residence has had a similar pattern for the last 3 years. Public transportation prices were up since April. Other components posted declines: new and used motor vehicles prices were down 1.7 percent, the largest drop since September 2019; the other goods and services index was down 0.4 percent; and education and communication prices edged down 0.1 percent.
Over the year, the index for all items less food and energy increased 4.6 percent, moderating slightly after rises of 4.9 and 5.0 in the previous 3 months. The shelter index advanced 3.2 percent as owners’ equivalent rent of residences was up 3.1 percent, the largest increase since November 2016. Household furnishings and operations prices increased 9.0 percent, down slightly from April’s historical high of 9.3 percent. The new and used motor vehicles index increased 12.5 percent – the smallest increase in the last year - as prices for used cars and trucks and new vehicle generally moderated.
Additional price indexes are now available for the two divisions of the Northeast. Over the month, the all items CPI-U was 1.1 percent higher in the New England division, while prices in the Middle Atlantic division rose 0.8 percent.
Over the year, prices rose 7.9 percent in the New England division and in the Middle Atlantic division, prices increased 7.3 percent. (See table B.)
|Area||1-month change||12-month change|
New England Division
Middle Atlantic Division
The June 2022 Consumer Price Index for the Northeast Region is scheduled to be released on July 13, 2022.
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|
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: Friday, June 10, 2022