Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

News Release Information

24-1162-PHI
Wednesday, June 12, 2024

Contacts Technical information: Media contact:

Consumer Price Index, Northeast Region – May 2024

Area prices were up 0.4 percent over the past month, up 3.9 percent from a year ago.

Prices in the Northeast Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were up 0.4 percent in May, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the rise was predominantly due to the all items less food and energy index (up 0.5 percent), and within that, a 0.9-percent rise in prices for shelter. The energy index was up 0.4 percent while the food index decreased 0.1 percent over the month. (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 3.9 percent. (See chart 1.) The May advance was primarily due to a 4.3-percent rise in the all items less food and energy index (which has been higher than the all items index since March 2023). The food index rose 2.1 percent and the energy index increased 3.4 percent over the year. (See table 1.) 

Food

In May, the food index was down 0.1 percent over the month, mainly driven by a 0.6-percent decline in prices for food at home (the largest decline in that index since July 2020). (See table 1.) Nearly all grocery categories had price declines this month, led by the cereals and bakery products index (down 1.2 percent), the other food at home index (down 0.6 percent), and the fruits and vegetables index (down 0.7 percent). The only category to rise was nonalcoholic beverages and beverage materials, up 0.1 percent. The index for food away from home also rose, up 0.7 percent.

From May 2023 to May 2024, the food index increased 2.1 percent as the food away from home index advanced 4.9 percent (up from 4.6 percent in April). Prices for food at home were up 0.7 percent as the meats, poultry, fish, and eggs index (up 1.9 percent), the nonalcoholic beverages and beverage materials index (up 2.9 percent), and the other food at home index (up 1.0 percent) rose. Some grocery indexes tempered the rise: the fruits and vegetables index was down 1.3 percent (the largest decline in the index since March 2020) and the dairy and related products index was down 0.6 percent.

Energy

The energy index increased 0.4 percent over the month, primarily due to a 2.7-percent increase in prices for gasoline. The electricity index also rose, up 0.3 percent. The utility (piped) gas service index declined 4.0 percent and fuel oil was also down in May.

Over the year, energy prices were up 3.4 percent, up from 1.2 percent in April. This was mainly due to a 5.6-percent increase in the electricity index, the largest index increase since July 2023. The gasoline index rose 2.2 percent and the fuel oil index also increased. The utility (piped) gas service index was down 1.0 percent over the year.

All items less food and energy

The index for all items less food and energy was up 0.5 percent in May, led by a 0.9-percent rise in the shelter index—the largest index increase since July 2008—and within shelter, the owners’ equivalent rent of residences index (up 1.1 percent, the largest index rise since March 1992). Rent of primary residence was up 0.5 percent. Prices for medical care rose 1.1 percent as the medical care services index increased 1.0 percent and the medical care commodities index was up 1.7 percent. The recreation index increased 0.7 percent. A few index components declined over the month, including the apparel index (down 0.8 percent) and the household furnishings and operations index (down 0.5 percent).

Over the year, the index for all items less food and energy was up 4.3 percent, mainly due to a 6.4-percent increase in the shelter index and a 6.8-percent rise in the owners’ equivalent rent of residences index. The rent of primary residence index increased 5.7 percent. The medical care index had a 3.1-percent increase, with the medical care services index up 2.6 percent and the medical care commodities index up 5.5 percent. The new and used motor vehicles index was down 1.5 percent over the year (the largest index decline since October 2017) and within the index, prices for used cars and trucks decreased 8.5 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 0.5 percent. The CPI-U for the New England division rose 0.3 percent.

Over the year, the all items index rose 4.0 percent in the Middle Atlantic division and 3.8 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
Month 2020 2021 2022 2023 2024
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.7 2.3 0.4 1.1 0.8 6.3 0.7 6.0 0.6 2.5

February

0.3 2.4 0.4 1.2 0.7 6.6 0.5 5.9 0.5 2.4

March

-0.2 1.7 0.6 2.1 1.3 7.3 -0.2 4.3 0.7 3.4

April

-0.4 0.8 0.7 3.3 0.6 7.2 0.2 3.8 0.4 3.6

May

0.0 0.6 0.6 3.9 0.9 7.5 0.1 3.1 0.4 3.9

June

0.3 0.8 1.0 4.6 1.2 7.6 0.3 2.2

July

0.4 1.1 0.2 4.3 -0.2 7.3 0.2 2.6

August

0.1 1.1 0.1 4.4 0.3 7.4 0.5 2.8

September

0.1 1.2 0.3 4.6 0.1 7.2 0.3 3.0

October

-0.2 1.1 0.6 5.4 0.3 6.9 0.0 2.7

November

0.1 1.1 0.6 6.0 0.1 6.4 0.0 2.5

December

0.2 1.4 0.2 5.9 -0.1 6.1 0.0 2.6
Table B. CPI-U 1-month and 12-month percent changes, all items index, Northeast region and divisions, not seasonally adjusted
Area 1-month change 12-month change

Northeast

0.4 3.9

New England Division

0.3 3.8

Middle Atlantic Division

0.5 4.0

The June 2024 Consumer Price Index for the Northeast Region is scheduled to be released on July 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 category Indexes Percent change from
Historical
data
Mar.
2024
Apr.
2024
May
2024
May
2023
Mar.
2024
Apr.
2024

All items

321.741 323.035 324.439 3.9 0.8 0.4

All items (December 1977 = 100)

506.645 508.682 510.892      

Food and beverages

327.161 328.442 328.156 2.0 0.3 -0.1

Food

329.700 331.143 330.775 2.1 0.3 -0.1

Food at home

307.985 309.571 307.711 0.7 -0.1 -0.6

Cereals and bakery products

385.043 389.766 384.960 -0.1 0.0 -1.2

Meats, poultry, fish, and eggs

310.715 313.236 311.825 1.9 0.4 -0.5

Dairy and related products

274.334 276.738 274.567 -0.6 0.1 -0.8

Fruits and vegetables

354.327 356.219 353.598 -1.3 -0.2 -0.7

Nonalcoholic beverages and beverage materials

226.084 221.439 221.756 2.9 -1.9 0.1

Other food at home

279.385 282.218 280.595 1.0 0.4 -0.6

Food away from home

368.267 369.423 371.911 4.9 1.0 0.7

Alcoholic beverages

292.242 291.361 292.155 -0.1 0.0 0.3

Housing

348.586 349.128 351.041 5.5 0.7 0.5

Shelter

428.807 430.231 433.995 6.4 1.2 0.9

Rent of primary residence

430.137 431.822 433.802 5.7 0.9 0.5

Owners' equivalent rent of residences(1)

443.041 445.161 449.915 6.8 1.6 1.1

Owners' equivalent rent of primary residence(1)

442.589 444.709 449.465 6.8 1.6 1.1

Fuels and utilities

301.048 296.553 292.793 3.6 -2.7 -1.3

Household energy

269.460 264.545 260.512 3.8 -3.3 -1.5

Energy services

264.152 259.200 256.681 3.7 -2.8 -1.0

Electricity

276.287 271.038 271.782 5.6 -1.6 0.3

Utility (piped) gas service

221.949 217.923 209.180 -1.0 -5.8 -4.0

Household furnishings and operations

144.696 145.132 144.468 0.7 -0.2 -0.5

Apparel

137.397 135.494 134.425 -0.8 -2.2 -0.8

Transportation

261.965 267.790 269.628 4.0 2.9 0.7

Private transportation

260.322 265.932 268.333 4.7 3.1 0.9

New and used motor vehicles(2)

125.142 125.251 125.437 -1.5 0.2 0.1

New vehicles

174.742 174.973 174.923 0.1 0.1 0.0

New cars(3)

164.540 164.580 164.835 -0.6 0.2 0.2

Used cars and trucks

192.925 192.122 192.759 -8.5 -0.1 0.3

Motor fuel

286.761 302.214 310.281 2.1 8.2 2.7

Gasoline (all types)

285.969 301.658 309.881 2.2 8.4 2.7

Gasoline, unleaded regular(3)

280.617 296.679 304.903 2.1 8.7 2.8

Gasoline, unleaded midgrade(3)(4)

314.144 328.534 337.743 2.9 7.5 2.8

Gasoline, unleaded premium(3)

312.090 325.528 333.583 3.2 6.9 2.5

Medical care

573.512 572.201 578.443 3.1 0.9 1.1

Medical care commodities

415.865 416.845 424.118 5.5 2.0 1.7

Medical care services

619.757 617.727 623.600 2.6 0.6 1.0

Professional services

428.332 425.509 425.472 -1.2 -0.7 0.0

Recreation(2)

141.669 141.671 142.716 2.9 0.7 0.7

Education and communication(2)

155.399 155.405 155.592 0.9 0.1 0.1

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

1,410.245 1,410.503 1,413.099 2.0 0.2 0.2

Other goods and services

610.058 609.924 608.155 2.8 -0.3 -0.3

Commodity and service group

Commodities

228.379 229.362 229.520 0.6 0.5 0.1

Commodities less food and beverages

177.238 178.052 178.383 -0.4 0.6 0.2

Nondurables less food and beverages

229.285 231.110 231.943 1.6 1.2 0.4

Durables

120.441 120.504 120.472 -2.7 0.0 0.0

Services

411.357 412.950 415.545 5.7 1.0 0.6

Special aggregate indexes

All items less shelter

284.386 285.643 286.166 2.5 0.6 0.2

All items less medical care

310.700 312.111 313.299 4.0 0.8 0.4

Commodities less food

181.457 182.229 182.575 -0.4 0.6 0.2

Nondurables

277.617 279.178 279.463 1.8 0.7 0.1

Nondurables less food

232.953 234.607 235.437 1.4 1.1 0.4

Services less rent of shelter(1)

405.547 407.395 408.706 4.9 0.8 0.3

Services less medical care services

397.019 398.859 401.230 6.1 1.1 0.6

Energy

277.320 280.986 282.049 3.4 1.7 0.4

All items less energy

329.836 330.960 332.411 4.0 0.8 0.4

All items less food and energy

331.953 333.029 334.808 4.3 0.9 0.5

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, June 12, 2024