Tuesday, September 13, 2022
Prices in the Northeast Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), edged up 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the modest rise followed a decrease the previous month and was the smallest increase of 2022. The all items less food and energy index, up 0.6 percent, accounted for most of the overall rise in the CPI-U although the food index also increased in August, up 0.7 percent. Partially offsetting those increases, the energy index decreased by 3.0 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 index rose 7.4 percent; throughout 2022, the overall CPI increases ranged from 6.3 to 7.6 percent. (See chart 1 and table A.) The all items less food and energy index, up 5.0 percent, was largely responsible for the over-the-year increase in August. The energy index increased 31.2 percent over the year as prices for gasoline increased 32.4 percent and the food index advanced 10.2 percent. (See table 1.)Food
Food prices rose 0.7 percent for the month of August, moderating somewhat from the 1.3-percent increase in July. (See table 1.) Of the two major components within the food index, prices for food at home increased 0.8 percent, while prices for food away from home were up 0.4 percent. Grocery price increases included other food at home (up 1.6 percent) and cereals and bakery products (up 1.7 percent).
From August 2021 to August 2022, the food index increased 10.2 percent – about the same as the 10.1 percent rise in July. Prices for food at home advanced 12.0 percent since a year ago, up slightly from the 11.7 percent 12-month increase in July. Prices for food away from home increased 7.1 percent.Energy
The energy index decreased 3.0 percent over the month of August following a 4.6 percent drop in July. Gasoline prices continued to fall, down 9.3 percent in August after a 5.9 percent drop in July. The index for electricity increased 5.1 percent and the utility (piped) gas service index advanced 3.2 percent over the month; both indexes had over-the-month declines in July.
Energy prices moderated somewhat over the year, up 31.2 percent following a 12-month increase of 36.7 percent in July. The energy index continued to show the impact of higher prices for gasoline, up 32.4 percent but the smallest increase this year compared with 12-month advances of 60.0 percent in June and 47.4 percent in July. The electricity index rose 19.5 percent while the utility (piped) gas service index was up 37.0 percent during the past year.All items less food and energy
The index for all items less food and energy rose 0.6 percent in August. Higher prices for shelter (up 0.6 percent), apparel (up 3.0 percent), and medical care (up 0.8 percent) contributed to the increase. Decreases in public transportation and recreation partially offset the overall index rise. Both the indexes for owners' equivalent rent of residences and for rent of primary residence contributed to the increase of the shelter index, each rose 0.6 percent, while prices for medical care services advanced 0.9 percent and were mainly responsible for the medical care index increase.
Over the year, the index for all items less food and energy increased 5.0 percent; so far in 2022, the 12-month changes have ranged from 4.3 to 5.0 percent. The 12-month increases in the shelter index (up 3.7 percent – the largest increase since 2007), the new and used motor vehicles index (up 11.6 percent), the medical care index (up 5.7 percent), and household furnishing and operations (up 8.7 percent) contributed to the increase in the all items less food and energy index. Within new and used motor vehicles, prices for new vehicles moderated, up 9.8 percent – the smallest price increase since the year began. The increase in the shelter index was led by gains in the index for owners’ equivalent rent of residences, up 3.9 percent; the pace of over-the-year increase in owners’ equivalent rent of residences ranged from 1.7 to 3.9 percent over the last 12 months.Geographic divisions
Additional price indexes are now available for the two divisions of the Northeast. Over the month, the all items CPI-U index for the Middle Atlantic division increased 0.4 percent, and the New England division rose 0.2 percent.
Over the year, the all items index rose 7.5 percent in the Middle Atlantic division and 7.3 percent in the New England division. (See table B.)
|Area||1-month change||12-month change|
New England Division
Middle Atlantic Division
The September 2022 Consumer Price Index for the Northeast Region is scheduled to be released on October 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)
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: Tuesday, September 13, 2022