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News Release Information

24-1408-PHI
Thursday, July 11, 2024

Contacts Technical information: Media contact:

Consumer Price Index, Northeast Region – June 2024

Area prices were up 0.3 percent over the past month, up 3.8 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 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the rise was mainly due to the all items less food and energy index (up 0.3 percent), and within that, a 0.6-percent rise in prices for shelter. The food index was up 0.2 percent while the energy index rose 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 3.8 percent. (See chart 1.) The June rise 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 2.2 percent and the energy index increased 2.0 percent over the year. (See table 1.) 

Food

In June, the food index was up 0.2 percent over the month, mainly driven by a 0.4-percent increase in prices for food away from home. (See table 1.) The food at home index was up 0.1 percent, bolstered by increases in the other food at home index (up 0.5 percent) and the meats, poultry, fish, and eggs index (up 0.6 percent). The index increase was tempered by declines in the fruits and vegetables index (down 1.6 percent) and the nonalcoholic beverages and beverage materials index (down 0.3 percent).

From June 2023 to June 2024, the food index increased 2.2 percent as the food away from home index advanced 4.8 percent. Prices for food at home were up 0.8 percent as the meats, poultry, fish, and eggs index rose 2.8 percent (the greatest increase since April 2023). The nonalcoholic beverages and beverage materials index (up 2.1 percent, the smallest increase since July 2021), other food at home index (up 1.0 percent), and cereals and bakery products index (up 0.7 percent) also contributed to the increase. Two indexes declined, fruits and vegetables (down 1.7 percent) and dairy and related products (down 0.5 percent).

Energy

The energy index increased 0.1 percent over the month, predominantly due to a 3.9-percent increase in prices for electricity. Electricity prices have risen in June nearly every year since the index began in 1978. The utility (piped) gas index also rose, up 1.3 percent. The gasoline index declined 2.6 percent (after four consecutive months of increases) and the fuel oil index was also down in June.

Over the year, energy prices were up 2.0 percent as the electricity index was up 4.0 percent, the utility (piped) gas service index rose 3.3 percent (up after 14 consecutive months of declines), and the fuel oil index also increased. The gasoline index decreased 0.8 percent.

All items less food and energy

The index for all items less food and energy was up 0.3 percent in June, led by a 0.6-percent rise in the shelter index and within shelter, the owners’ equivalent rent of residences index (up 0.4 percent). The rent of primary residence index was up 0.5 percent and lodging away from home prices also rose. Prices for household furnishings and operations increased 1.1 percent over the month. The recreation index rose 0.7 percent. Some indexes declined and moderated the overall increase, including the new and used motor vehicles index (down 0.7 percent).

Over the year, the index for all items less food and energy was up 4.3 percent (the same as last month), mainly due to a 6.5-percent increase in the shelter index and a 6.7-percent rise in the owners’ equivalent rent of residences index. The rent of primary residence index increased 5.7 percent. The medical care index rose 3.5 percent as prices for medical care services were up 3.1 percent and prices for medical care commodities were up 5.9 percent. A 2.9-percent decline in the new and used motor vehicles index was spurred by a 9.1-percent decrease in prices for used cars and trucks.

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 New England division was up 0.3 percent. The CPI-U for the Middle Atlantic division rose 0.2 percent.

Over the year, the all items index rose 3.8 percent in the Middle Atlantic division and 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 0.3 3.8

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

0.3 3.8

New England Division

0.3 3.8

Middle Atlantic Division

0.2 3.8

The July 2024 Consumer Price Index for the Northeast Region is scheduled to be released on August 14, 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
Apr.
2024
May
2024
Jun.
2024
Jun.
2023
Apr.
2024
May
2024

All items

323.035 324.439 325.271 3.8 0.7 0.3

All items (December 1977 = 100)

508.682 510.892 512.202      

Food and beverages

328.442 328.156 329.007 2.1 0.2 0.3

Food

331.143 330.775 331.469 2.2 0.1 0.2

Food at home

309.571 307.711 307.891 0.8 -0.5 0.1

Cereals and bakery products

389.766 384.960 386.874 0.7 -0.7 0.5

Meats, poultry, fish, and eggs

313.236 311.825 313.613 2.8 0.1 0.6

Dairy and related products

276.738 274.567 276.169 -0.5 -0.2 0.6

Fruits and vegetables

356.219 353.598 347.943 -1.7 -2.3 -1.6

Nonalcoholic beverages and beverage materials

221.439 221.756 221.119 2.1 -0.1 -0.3

Other food at home

282.218 280.595 282.135 1.0 0.0 0.5

Food away from home

369.423 371.911 373.582 4.8 1.1 0.4

Alcoholic beverages

291.361 292.155 295.121 0.6 1.3 1.0

Housing

349.128 351.041 353.688 5.7 1.3 0.8

Shelter

430.231 433.995 436.491 6.5 1.5 0.6

Rent of primary residence

431.822 433.802 436.003 5.7 1.0 0.5

Owners' equivalent rent of residences(1)

445.161 449.915 451.832 6.7 1.5 0.4

Owners' equivalent rent of primary residence(1)

444.709 449.465 451.377 6.7 1.5 0.4

Fuels and utilities

296.553 292.793 298.760 3.6 0.7 2.0

Household energy

264.545 260.512 266.665 3.8 0.8 2.4

Energy services

259.200 256.681 264.900 4.0 2.2 3.2

Electricity

271.038 271.782 282.480 4.0 4.2 3.9

Utility (piped) gas service

217.923 209.180 211.964 3.3 -2.7 1.3

Household furnishings and operations

145.132 144.468 145.986 1.7 0.6 1.1

Apparel

135.494 134.425 134.081 0.1 -1.0 -0.3

Transportation

267.790 269.628 267.276 2.7 -0.2 -0.9

Private transportation

265.932 268.333 266.037 3.0 0.0 -0.9

New and used motor vehicles(2)

125.251 125.437 124.559 -2.9 -0.6 -0.7

New vehicles

174.973 174.923 174.977 0.1 0.0 0.0

New cars(3)

164.580 164.835 164.957 -0.5 0.2 0.1

Used cars and trucks

192.122 192.759 193.788 -9.1 0.9 0.5

Motor fuel

302.214 310.281 302.221 -0.8 0.0 -2.6

Gasoline (all types)

301.658 309.881 301.867 -0.8 0.1 -2.6

Gasoline, unleaded regular(3)

296.679 304.903 296.618 -1.0 0.0 -2.7

Gasoline, unleaded midgrade(3)(4)

328.534 337.743 330.810 0.5 0.7 -2.1

Gasoline, unleaded premium(3)

325.528 333.583 327.141 1.0 0.5 -1.9

Medical care

572.201 578.443 578.651 3.5 1.1 0.0

Medical care commodities

416.845 424.118 425.037 5.9 2.0 0.2

Medical care services

617.727 623.600 623.580 3.1 0.9 0.0

Professional services

425.509 425.472 425.588 -1.2 0.0 0.0

Recreation(2)

141.671 142.716 143.728 2.8 1.5 0.7

Education and communication(2)

155.405 155.592 155.197 0.7 -0.1 -0.3

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

1,410.503 1,413.099 1,414.764 2.2 0.3 0.1

Other goods and services

609.924 608.155 607.588 2.4 -0.4 -0.1

Commodity and service group

Commodities

229.362 229.520 229.461 0.5 0.0 0.0

Commodities less food and beverages

178.052 178.383 177.957 -0.7 -0.1 -0.2

Nondurables less food and beverages

231.110 231.943 230.342 1.0 -0.3 -0.7

Durables

120.504 120.472 120.849 -2.8 0.3 0.3

Services

412.950 415.545 417.230 5.7 1.0 0.4

Special aggregate indexes

All items less shelter

285.643 286.166 286.376 2.3 0.3 0.1

All items less medical care

312.111 313.299 314.159 3.8 0.7 0.3

Commodities less food

182.229 182.575 182.239 -0.7 0.0 -0.2

Nondurables

279.178 279.463 279.062 1.6 0.0 -0.1

Nondurables less food

234.607 235.437 234.122 0.9 -0.2 -0.6

Services less rent of shelter(1)

407.395 408.706 409.225 4.6 0.4 0.1

Services less medical care services

398.859 401.230 403.031 5.9 1.0 0.4

Energy

280.986 282.049 282.219 2.0 0.4 0.1

All items less energy

330.960 332.411 333.307 4.0 0.7 0.3

All items less food and energy

333.029 334.808 335.745 4.3 0.8 0.3

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: Thursday, July 11, 2024