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News Release Information

24-1713-PHI
Wednesday, August 14, 2024

Contacts Technical information: Media contact:

Consumer Price Index, Northeast Region – July 2024

Area prices were unchanged over the past month, up 3.6 percent from a year ago.

Prices in the Northeast Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were unchanged in July, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the lack of change was due to a combination of rises in the energy and food indexes (1.1 percent and 0.2 percent, respectively) that were countered by a 0.1-percent decline in the all items less food and energy index. (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 increased 3.6 percent, primarily because of a 3.9-percent rise in the all items less food and energy index. (See chart 1.) Food prices rose 2.2 percent. Energy prices advanced 3.7 percent, largely the result of an increase in the price of electricity. (See table 1.) 

Food

In July, the food index was up 0.2 percent over the month, mainly driven by a 0.4-percent increase in prices for food at home. (See table 1.) Within the grocery categories, the fruits and vegetables index rose 1.5 percent, the largest index increase since January 2024. The 1.8-percent rise in the nonalcoholic beverages and beverage materials index was led by price increases for carbonated drinks and coffee. Prices for dairy and related products were up 1.4 percent. The overall index rise was tempered by declines across the remaining categories, including other food at home (down 0.7 percent). The food away from home index was unchanged over the month.

From July 2023 to July 2024, the food index increased 2.2 percent as the food away from home index advanced 4.6 percent. Prices for food at home were up 0.9 percent, led by the meats, poultry, fish, and eggs index (up 3.1 percent) and the nonalcoholic beverages and beverage materials index (up 4.6 percent).

Energy

The energy index increased 1.1 percent over the month, predominantly due to a 2.1-percent increase in prices for electricity. The gasoline index was up 0.4 percent in July after declining 2.6 percent last month. The fuel oil index also rose, and the utility (piped) gas index increased 0.5 percent.

Over the year, energy prices were up 3.7 percent. The electricity index was up 9.2 percent, the largest index advance since April 2023. The utility (piped) gas service index rose 4.9 percent and the fuel oil index also increased. The gasoline index declined 1.2 percent over the year.

All items less food and energy

The index for all items less food and energy was down 0.1 percent in July, the first index decline since November 2022. Prices for lodging away from home, a component of the shelter index, contributed to the decline. The medical care index also decreased (down 1.1 percent), mainly due to a 1.3-percent decline in prices for medical care services. Prices for apparel were down 2.7 percent and prices for public transportation also decreased. Some indexes rose over the month and tempered the overall decline. The shelter index was up 0.1 percent despite the lower prices for lodging away from home, led by a 0.4-percent increase in the owners’ equivalent rent of residences index and a 0.5-percent increase in the rent of primary residence index. Prices for household furnishings and operations were up 0.7 percent.

Over the year, the index for all items less food and energy was up 3.9 percent, mainly because of the 6.2-percent rise in the shelter index. Within shelter, the owners’ equivalent rent of residences index was up 6.4 percent, and the rent of primary residence index was up 5.7 percent. The medical care index was up 2.2 percent over the year, as prices rose for medical care commodities (up 5.3 percent) and medical care services (up 1.6 percent). Two indexes declined over the year: new and used motor vehicles (down 3.7 percent; the fourth consecutive month of accelerating decreases) and apparel (down 1.3 percent).

Geographic divisions

Additional price indexes are available for the two divisions of the Northeast. Over the month, the all items CPI-U index for the Middle Atlantic division was up 0.2 percent. The CPI-U for the New England division declined 0.3 percent.

Over the year, the all items index rose 3.7 percent in the Middle Atlantic division and 3.5 percent in the New England division. (See table B.)

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month20202021202220232024
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.72.30.41.10.86.30.76.00.62.5

February

0.32.40.41.20.76.60.55.90.52.4

March

-0.21.70.62.11.37.3-0.24.30.73.4

April

-0.40.80.73.30.67.20.23.80.43.6

May

0.00.60.63.90.97.50.13.10.43.9

June

0.30.81.04.61.27.60.32.20.33.8

July

0.41.10.24.3-0.27.30.22.60.03.6

August

0.11.10.14.40.37.40.52.8

September

0.11.20.34.60.17.20.33.0

October

-0.21.10.65.40.36.90.02.7

November

0.11.10.66.00.16.40.02.5

December

0.21.40.25.9-0.16.10.02.6
Table B. CPI-U 1-month and 12-month percent changes, all items index, Northeast region and divisions, not seasonally adjusted
Area1-month change12-month change

Northeast

0.03.6

New England Division

-0.33.5

Middle Atlantic Division

0.23.7

The August Consumer Price Index for the Northeast Region is scheduled to be released on September 11, 2024.


Technical Note

The Consumer Price Index for the Northeast Region is published monthly. 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, 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.

Table 1. 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
May
2024
Jun.
2024
Jul.
2024
Jul.
2023
May
2024
Jun.
2024

All items

Go to web page with historical data for series CUUR0100SA0
324.439325.271325.3393.60.30.0

All items (December 1977 = 100)

Go to web page with historical data for series CUUR0100AA0
510.892512.202512.309   

Food and beverages

Go to web page with historical data for series CUUR0100SAF
328.156329.007329.7492.10.50.2

Food

Go to web page with historical data for series CUUR0100SAF1
330.775331.469332.2342.20.40.2

Food at home

Go to web page with historical data for series CUUR0100SAF11
307.711307.891309.0000.90.40.4

Cereals and bakery products

Go to web page with historical data for series CUUR0100SAF111
384.960386.874385.818-0.50.2-0.3

Meats, poultry, fish, and eggs

Go to web page with historical data for series CUUR0100SAF112
311.825313.613313.2133.10.4-0.1

Dairy and related products

Go to web page with historical data for series CUUR0100SEFJ
274.567276.169279.924-0.42.01.4

Fruits and vegetables

Go to web page with historical data for series CUUR0100SAF113
353.598347.943353.095-1.0-0.11.5

Nonalcoholic beverages and beverage materials

Go to web page with historical data for series CUUR0100SAF114
221.756221.119225.0844.61.51.8

Other food at home

Go to web page with historical data for series CUUR0100SAF115
280.595282.135280.0520.1-0.2-0.7

Food away from home

Go to web page with historical data for series CUUR0100SEFV
371.911373.582373.6824.60.50.0

Alcoholic beverages

Go to web page with historical data for series CUUR0100SAF116
292.155295.121295.5500.41.20.1

Housing

Go to web page with historical data for series CUUR0100SAH
351.041353.688354.7775.81.10.3

Shelter

Go to web page with historical data for series CUUR0100SAH1
433.995436.491437.0686.20.70.1

Rent of primary residence

Go to web page with historical data for series CUUR0100SEHA
433.802436.003438.0345.71.00.5

Owners' equivalent rent of residences(1)

Go to web page with historical data for series CUUR0100SEHC
449.915451.832453.6856.40.80.4

Owners' equivalent rent of primary residence(1)

Go to web page with historical data for series CUUR0100SEHC01
449.465451.377453.2206.40.80.4

Fuels and utilities

Go to web page with historical data for series CUUR0100SAH2
292.793298.760302.9896.43.51.4

Household energy

Go to web page with historical data for series CUUR0100SAH21
260.512266.665271.1187.34.11.7

Energy services

Go to web page with historical data for series CUUR0100SEHF
256.681264.900269.1988.14.91.6

Electricity

Go to web page with historical data for series CUUR0100SEHF01
271.782282.480288.2779.26.12.1

Utility (piped) gas service

Go to web page with historical data for series CUUR0100SEHF02
209.180211.964213.0204.91.80.5

Household furnishings and operations

Go to web page with historical data for series CUUR0100SAH3
144.468145.986147.0462.31.80.7

Apparel

Go to web page with historical data for series CUUR0100SAA
134.425134.081130.491-1.3-2.9-2.7

Transportation

Go to web page with historical data for series CUUR0100SAT
269.628267.276267.4632.3-0.80.1

Private transportation

Go to web page with historical data for series CUUR0100SAT1
268.333266.037267.7012.6-0.20.6

New and used motor vehicles(2)

Go to web page with historical data for series CUUR0100SETA
125.437124.559124.986-3.7-0.40.3

New vehicles

Go to web page with historical data for series CUUR0100SETA01
174.923174.977174.967-0.10.00.0

New cars(3)

Go to web page with historical data for series CUUR0100SS45011
164.835164.957164.696-0.6-0.1-0.2

Used cars and trucks

Go to web page with historical data for series CUUR0100SETA02
192.759193.788192.432-9.6-0.2-0.7

Motor fuel

Go to web page with historical data for series CUUR0100SETB
310.281302.221303.288-1.2-2.30.4

Gasoline (all types)

Go to web page with historical data for series CUUR0100SETB01
309.881301.867302.970-1.2-2.20.4

Gasoline, unleaded regular(3)

Go to web page with historical data for series CUUR0100SS47014
304.903296.618297.770-1.5-2.30.4

Gasoline, unleaded midgrade(3)(4)

Go to web page with historical data for series CUUR0100SS47015
337.743330.810331.6810.1-1.80.3

Gasoline, unleaded premium(3)

Go to web page with historical data for series CUUR0100SS47016
333.583327.141327.9720.5-1.70.3

Medical care

Go to web page with historical data for series CUUR0100SAM
578.443578.651572.3362.2-1.1-1.1

Medical care commodities

Go to web page with historical data for series CUUR0100SAM1
424.118425.037424.0015.30.0-0.2

Medical care services

Go to web page with historical data for series CUUR0100SAM2
623.600623.580615.6311.6-1.3-1.3

Professional services

Go to web page with historical data for series CUUR0100SEMC
425.472425.588425.016-2.1-0.1-0.1

Recreation(2)

Go to web page with historical data for series CUUR0100SAR
142.716143.728142.7941.90.1-0.6

Education and communication(2)

Go to web page with historical data for series CUUR0100SAE
155.592155.197155.5990.60.00.3

Tuition, other school fees, and child care(5)

Go to web page with historical data for series CUUR0100SEEB
1,413.0991,414.7641,422.1471.70.60.5

Other goods and services

Go to web page with historical data for series CUUR0100SAG
608.155607.588610.2272.60.30.4

Commodity and service group

Commodities

Go to web page with historical data for series CUUR0100SAC
229.520229.461229.2010.3-0.1-0.1

Commodities less food and beverages

Go to web page with historical data for series CUUR0100SACL11
178.383177.957177.303-1.0-0.6-0.4

Nondurables less food and beverages

Go to web page with historical data for series CUUR0100SANL11
231.943230.342228.7450.3-1.4-0.7

Durables

Go to web page with historical data for series CUUR0100SAD
120.472120.849120.881-2.50.30.0

Services

Go to web page with historical data for series CUUR0100SAS
415.545417.230417.6125.40.50.1

Special aggregate indexes

All items less shelter

Go to web page with historical data for series CUUR0100SA0L2
286.166286.376286.2522.20.00.0

All items less medical care

Go to web page with historical data for series CUUR0100SA0L5
313.299314.159314.5133.70.40.1

Commodities less food

Go to web page with historical data for series CUUR0100SACL1
182.575182.239181.611-0.9-0.5-0.3

Nondurables

Go to web page with historical data for series CUUR0100SAN
279.463279.062278.6091.3-0.3-0.2

Nondurables less food

Go to web page with historical data for series CUUR0100SANL1
235.437234.122232.6530.3-1.2-0.6

Services less rent of shelter(1)

Go to web page with historical data for series CUUR0100SASL2RS
408.706409.225409.3974.40.20.0

Services less medical care services

Go to web page with historical data for series CUUR0100SASL5
401.230403.031403.9825.90.70.2

Energy

Go to web page with historical data for series CUUR0100SA0E
282.049282.219285.2533.71.11.1

All items less energy

Go to web page with historical data for series CUUR0100SA0LE
332.411333.307333.1423.60.20.0

All items less food and energy

Go to web page with historical data for series CUUR0100SA0L1E
334.808335.745335.4153.90.2-0.1

Footnotes
(1) Indexes on a December 1982=100 base.
(2) Indexes on a December 1997=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1977=100 base.

 

Last Modified Date: Wednesday, August 14, 2024