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17-249-PHI
Wednesday, February 15, 2017

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Consumer Price Index, Northeast Region – January 2017

Regional prices up 0.6 over the month and 2.5 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast increased 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s Regional Commissioner, noted that the recent increase was due mostly to a 0.4-percent increase in the all items less food and energy index and a 3.5-percent advance in the energy index. The food index also rose over the month, up 0.6 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 2.5 percent, due largely to a 2.2-percent advance in the all items less food and energy index. (See chart 1 and table A.) The energy index also increased, up 12.1 percent, while the food index edged down 0.2 percent. (See table 1.)

Food

The food index increased 0.6 percent since December. Prices for both food at home and food away from home increased over the month, up 0.8 and 0.3 percent, respectively.

From January 2016 to January 2017, the food index edged down 0.2 percent, as a 1.9-percent decrease in prices for food at home was nearly offset by a 2.3-percent increase in those for food away from home.

Energy

The energy index, which includes prices for household and transportation fuels, increased 3.5 percent since December, led by a 5.4-percent rise in gasoline prices. Prices for electricity and utility (piped) gas service also increased over the month, up 1.6 and 3.3 percent, respectively. 

The energy index increased 12.1 percent since January 2016. The increase was led by a 23.4-percent jump in gasoline prices, the largest over-the-year increase in this index since October 2011. Prices also increased over the year for utility (piped) gas service (13.5 percent), while those for electricity declined (-0.5 percent).

All items less food and energy

The index for all items less food and energy rose 0.4 percent over the month, mostly due to an increase in apparel prices (2.8 percent). Prices for medical care also rose, up 0.6 percent over the month. These and other increases were moderated by a 0.2-percent decrease in used cars and trucks prices.

The index for all items less food and energy increased 2.2 percent since January 2016, led by higher prices for shelter (3.2 percent). Prices were also higher over the year for several other categories including medical care (3.5 percent).

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2013 2014 2015 2016 2017
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.3 1.8 0.6 1.5 -0.2 -0.4 0.0 0.7 0.6 2.5

February

0.6 2.0 0.1 1.0 0.2 -0.2 0.2 0.7    

March

0.0 1.5 0.5 1.5 0.3 -0.4 0.2 0.6    

April

-0.1 1.1 0.0 1.6 0.1 -0.3 0.6 1.0    

May

0.0 1.2 0.4 2.0 0.4 -0.3 0.3 0.9    

June

0.1 1.5 0.0 1.9 0.3 0.0 0.2 0.7    

July

0.2 1.8 0.1 1.8 -0.1 -0.2 0.0 0.8    

August

0.2 1.5 -0.3 1.3 -0.2 -0.1 0.1 1.0    

September

0.1 1.1 0.0 1.2 0.0 -0.1 0.2 1.3    

October

-0.4 0.7 -0.2 1.4 -0.2 -0.1 0.2 1.6    

November

0.1 1.0 -0.4 0.9 0.0 0.3 0.0 1.6    

December

0.0 1.3 -0.5 0.4 -0.4 0.5 0.0 1.9    

The Consumer Price Index for February 2017 is scheduled to be released Wednesday, March 15, 2017, at 8:30 a.m. (ET).


Technical Note

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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 28 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 87 urban areas across the country from about 4,000 housing units and approximately 26,000 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.

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 category Indexes Percent change from
 
Historical
data
Nov.
2016
Dec.
2016
Jan.
2017
Jan.
2016
Nov.
2016
Dec.
2016

All items

Go to web page with historical data for series CUUR0100SA0
256.541 256.427 258.073 2.5 0.6 0.6

All items (December 1977 = 100)

Go to web page with historical data for series CUUR0100AA0
403.973 403.794 406.386      
 

Food and beverages

Go to web page with historical data for series CUUR0100SAF
252.154 251.736 253.083 -0.1 0.4 0.5

Food

Go to web page with historical data for series CUUR0100SAF1
252.075 251.703 253.132 -0.2 0.4 0.6

Food at home

Go to web page with historical data for series CUUR0100SAF11
243.192 242.625 244.450 -1.9 0.5 0.8

Food away from home

Go to web page with historical data for series CUUR0100SEFV
268.657 268.580 269.414 2.3 0.3 0.3

Alcoholic beverages

Go to web page with historical data for series CUUR0100SAF116
251.988 250.978 251.263 0.7 -0.3 0.1
 

Housing

Go to web page with historical data for series CUUR0100SAH
271.939 272.396 273.398 2.9 0.5 0.4

Shelter

Go to web page with historical data for series CUUR0100SAH1
338.115 338.128 338.518 3.2 0.1 0.1

Rent of primary residence(1)

Go to web page with historical data for series CUUR0100SEHA
338.469 339.530 339.655 2.7 0.4 0.0

Owners' equivalent rent of residences(1)(2)

Go to web page with historical data for series CUUR0100SEHC
350.317 350.544 350.741 2.9 0.1 0.1

Owners' equivalent rent of primary residence(1)(2)

Go to web page with historical data for series CUUR0100SEHC01
350.027 350.256 350.458 2.9 0.1 0.1

Fuels and utilities

Go to web page with historical data for series CUUR0100SAH2
208.707 211.471 215.555 4.8 3.3 1.9

Household energy

Go to web page with historical data for series CUUR0100SAH21
183.514 186.353 190.529 5.2 3.8 2.2

Energy services(1)

Go to web page with historical data for series CUUR0100SEHF
184.805 186.605 190.411 3.1 3.0 2.0

Electricity(1)

Go to web page with historical data for series CUUR0100SEHF01
192.593 193.575 196.590 -0.5 2.1 1.6

Utility (piped) gas service(1)

Go to web page with historical data for series CUUR0100SEHF02
155.236 158.648 163.863 13.5 5.6 3.3

Household furnishings and operations

Go to web page with historical data for series CUUR0100SAH3
119.519 119.814 120.698 -1.6 1.0 0.7
 

Apparel

Go to web page with historical data for series CUUR0100SAA
131.786 126.535 130.053 1.9 -1.3 2.8
 

Transportation

Go to web page with historical data for series CUUR0100SAT
196.399 196.679 199.351 4.2 1.5 1.4

Private transportation

Go to web page with historical data for series CUUR0100SAT1
188.061 188.848 191.740 4.8 2.0 1.5

New and used motor vehicles(3)

Go to web page with historical data for series CUUR0100SETA
95.391 95.217 95.794 -1.5 0.4 0.6

New vehicles

Go to web page with historical data for series CUUR0100SETA01
145.323 144.960 146.615 0.8 0.9 1.1

New cars and trucks(3)(4)

Go to web page with historical data for series CUUR0100SS4501A
100.677 100.422 101.561 0.8 0.9 1.1

New cars(4)

Go to web page with historical data for series CUUR0100SS45011
136.450 135.511 137.263 -0.1 0.6 1.3

Used cars and trucks

Go to web page with historical data for series CUUR0100SETA02
144.118 143.634 143.346 -4.0 -0.5 -0.2

Motor fuel

Go to web page with historical data for series CUUR0100SETB
194.889 199.091 209.828 23.4 7.7 5.4

Gasoline (all types)

Go to web page with historical data for series CUUR0100SETB01
194.119 198.287 208.971 23.4 7.7 5.4

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUUR0100SS47014
191.318 195.695 206.543 24.3 8.0 5.5

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUUR0100SS47015
208.414 211.936 222.388 20.4 6.7 4.9

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUUR0100SS47016
205.602 208.136 217.274 17.8 5.7 4.4
 

Medical care

Go to web page with historical data for series CUUR0100SAM
488.452 486.991 490.069 3.5 0.3 0.6

Medical care commodities

Go to web page with historical data for series CUUR0100SAM1
388.107 383.992 385.054 3.5 -0.8 0.3

Medical care services

Go to web page with historical data for series CUUR0100SAM2
516.733 516.196 519.924 3.4 0.6 0.7

Professional services

Go to web page with historical data for series CUUR0100SEMC
373.255 373.178 375.941 2.4 0.7 0.7
 

Recreation(3)

Go to web page with historical data for series CUUR0100SAR
121.568 121.630 122.442 1.6 0.7 0.7
 

Education and communication(3)

Go to web page with historical data for series CUUR0100SAE
142.221 142.746 142.889 1.1 0.5 0.1
 

Other goods and services

Go to web page with historical data for series CUUR0100SAG
468.986 468.699 473.450 3.8 1.0 1.0
 

Commodity and service group

 

Commodities

Go to web page with historical data for series CUUR0100SAC
184.812 184.215 186.458 1.8 0.9 1.2

Commodities less food and beverages

Go to web page with historical data for series CUUR0100SACL11
148.224 147.583 150.078 3.1 1.3 1.7

Nondurables less food and beverages

Go to web page with historical data for series CUUR0100SANL11
188.250 187.393 191.747 7.1 1.9 2.3

Durables

Go to web page with historical data for series CUUR0100SAD
102.868 102.457 103.266 -2.3 0.4 0.8

Services

Go to web page with historical data for series CUUR0100SAS
325.751 326.063 327.218 2.9 0.5 0.4
 

Special aggregate indexes

 

All items less shelter

Go to web page with historical data for series CUUR0100SA0L2
228.477 228.316 230.438 2.2 0.9 0.9

All items less medical care

Go to web page with historical data for series CUUR0100SA0L5
246.354 246.301 247.884 2.4 0.6 0.6

Commodities less food

Go to web page with historical data for series CUUR0100SACL1
151.956 151.302 153.746 2.9 1.2 1.6

Nondurables

Go to web page with historical data for series CUUR0100SAN
220.088 219.430 222.405 3.1 1.1 1.4

Nondurables less food

Go to web page with historical data for series CUUR0100SANL1
191.973 191.107 195.218 6.6 1.7 2.2

Services less rent of shelter(2)

Go to web page with historical data for series CUUR0100SASL2RS
323.772 324.414 326.410 2.6 0.8 0.6

Services less medical care services

Go to web page with historical data for series CUUR0100SASL5
312.570 312.937 313.921 2.8 0.4 0.3

Energy

Go to web page with historical data for series CUUR0100SA0E
188.253 191.636 198.426 12.1 5.4 3.5

All items less energy

Go to web page with historical data for series CUUR0100SA0LE
266.115 265.647 266.791 1.9 0.3 0.4

All items less food and energy

Go to web page with historical data for series CUUR0100SA0L1E
270.290 269.803 270.907 2.2 0.2 0.4

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Wednesday, February 15, 2017