News Release Information

17-1534-PHI
Wednesday, November 15, 2017

Contacts

Technical information:
Media contact:

Consumer Price Index, Northeast Region – October 2017

Regional prices down 0.1 percent over the month and up 1.5 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast declined 0.1 percent in October, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent decrease was due to a 3.5-percent decline in the energy index. The all items less food and energy index and food index both increased over the month, up 0.1 percent and 0.5 percent, respectively. (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 1.5 percent, due mostly to advances in the all items less food and energy index and energy index, up 0.9 and 9.1 percent, respectively. (See chart 1 and table A.) The food index also increased, up 1.6 percent over the year. (See table 1.)

Food

The food index advanced 0.5 percent since September. Prices for food at home increased 0.6 percent, while prices for food away from home edged up 0.2 percent.

From October 2016 to October 2017, the food index increased 1.6 percent, as prices for food away from home increased 2.3 percent and prices for food at home rose 1.1 percent.

Energy

The energy index, which includes prices for household and transportation fuels, decreased 3.5 percent since September, reflecting a 5.8-percent decline in gasoline prices. Prices were also lower for electricity, down 3.2 percent, while prices for utility (piped) gas service inched up 0.1 percent.

The energy index advanced 9.1 percent since October 2016. The increase was mostly due to a 16.3-percent rise in gasoline prices. Prices also increased over the year for utility (piped) gas service (7.9 percent) and electricity (1.4 percent).

All items less food and energy

The index for all items less food and energy inched up 0.1 percent over the month. Price increases for categories including shelter (0.1 percent) and medical care (0.4 percent) were moderated by lower prices for recreation (-0.8 percent), among others.

The index for all items less food and energy increased 0.9 percent since October 2016, led by higher prices for shelter (1.7 percent). Prices were also higher over the year for several other categories including medical care (1.9 percent) and recreation (1.8 percent). Meanwhile, prices were lower for new and used motor vehicles (-2.3 percent) and education and communication (-1.5 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 0.3 2.6

March

0.0 1.5 0.5 1.5 0.3 -0.4 0.2 0.6 -0.1 2.2

April

-0.1 1.1 0.0 1.6 0.1 -0.3 0.6 1.0 0.3 1.9

May

0.0 1.2 0.4 2.0 0.4 -0.3 0.3 0.9 0.1 1.7

June

0.1 1.5 0.0 1.9 0.3 0.0 0.2 0.7 0.0 1.5

July

0.2 1.8 0.1 1.8 -0.1 -0.2 0.0 0.8 -0.2 1.3

August

0.2 1.5 -0.3 1.3 -0.2 -0.1 0.1 1.0 0.3 1.6

September

0.1 1.1 0.0 1.2 0.0 -0.1 0.2 1.3 0.5 1.9

October

-0.4 0.7 -0.2 1.4 -0.2 -0.1 0.2 1.6 -0.1 1.5

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 November 2017 is scheduled to be released Wednesday, December 13, 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
Aug.
2017
Sep.
2017
Oct.
2017
Oct.
2016
Aug.
2017
Sep.
2017

All items

Go to web page with historical data for series CUUR0100SA0
259.508 260.875 260.580 1.5 0.4 -0.1

All items (December 1977 = 100)

Go to web page with historical data for series CUUR0100AA0
408.647 410.799 410.333      
 

Food and beverages

Go to web page with historical data for series CUUR0100SAF
255.542 255.434 256.563 1.5 0.4 0.4

Food

Go to web page with historical data for series CUUR0100SAF1
255.701 255.539 256.711 1.6 0.4 0.5

Food at home

Go to web page with historical data for series CUUR0100SAF11
246.165 245.539 247.077 1.1 0.4 0.6

Food away from home

Go to web page with historical data for series CUUR0100SEFV
273.329 273.880 274.502 2.3 0.4 0.2

Alcoholic beverages

Go to web page with historical data for series CUUR0100SAF116
252.291 252.882 253.444 0.4 0.5 0.2
 

Housing

Go to web page with historical data for series CUUR0100SAH
276.330 276.269 276.180 1.7 -0.1 0.0

Shelter

Go to web page with historical data for series CUUR0100SAH1
343.129 342.873 343.253 1.7 0.0 0.1

Rent of primary residence(1)

Go to web page with historical data for series CUUR0100SEHA
344.403 344.669 345.343 2.2 0.3 0.2

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

Go to web page with historical data for series CUUR0100SEHC
353.634 354.088 354.918 1.6 0.4 0.2

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

Go to web page with historical data for series CUUR0100SEHC01
353.382 353.839 354.668 1.6 0.4 0.2

Fuels and utilities

Go to web page with historical data for series CUUR0100SAH2
217.229 218.548 215.579 3.9 -0.8 -1.4

Household energy

Go to web page with historical data for series CUUR0100SAH21
191.943 193.353 189.929 4.1 -1.0 -1.8

Energy services(1)

Go to web page with historical data for series CUUR0100SEHF
193.794 193.496 189.023 3.1 -2.5 -2.3

Electricity(1)

Go to web page with historical data for series CUUR0100SEHF01
202.525 202.494 196.026 1.4 -3.2 -3.2

Utility (piped) gas service(1)

Go to web page with historical data for series CUUR0100SEHF02
161.586 160.742 160.823 7.9 -0.5 0.1

Household furnishings and operations

Go to web page with historical data for series CUUR0100SAH3
119.127 118.693 119.146 -1.1 0.0 0.4
 

Apparel

Go to web page with historical data for series CUUR0100SAA
130.769 136.152 135.953 -1.1 4.0 -0.1
 

Transportation

Go to web page with historical data for series CUUR0100SAT
199.211 203.650 201.313 2.8 1.1 -1.1

Private transportation

Go to web page with historical data for series CUUR0100SAT1
191.503 196.104 193.233 3.1 0.9 -1.5

New and used motor vehicles(3)

Go to web page with historical data for series CUUR0100SETA
95.120 94.144 94.082 -2.3 -1.1 -0.1

New vehicles

Go to web page with historical data for series CUUR0100SETA01
143.595 142.569 143.005 -2.1 -0.4 0.3

New cars and trucks(3)(4)

Go to web page with historical data for series CUUR0100SS4501A
99.458 98.759 99.064 -2.1 -0.4 0.3

New cars(4)

Go to web page with historical data for series CUUR0100SS45011
133.556 132.211 132.485 -3.4 -0.8 0.2

Used cars and trucks

Go to web page with historical data for series CUUR0100SETA02
144.782 142.316 140.983 -3.7 -2.6 -0.9

Motor fuel

Go to web page with historical data for series CUUR0100SETB
208.871 234.782 221.266 16.3 5.9 -5.8

Gasoline (all types)

Go to web page with historical data for series CUUR0100SETB01
208.022 233.951 220.348 16.3 5.9 -5.8

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUUR0100SS47014
205.490 231.925 217.932 16.8 6.1 -6.0

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUUR0100SS47015
220.988 244.451 232.640 14.1 5.3 -4.8

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUUR0100SS47016
217.035 238.567 228.241 13.7 5.2 -4.3
 

Medical care

Go to web page with historical data for series CUUR0100SAM
495.072 496.216 498.337 1.9 0.7 0.4

Medical care commodities

Go to web page with historical data for series CUUR0100SAM1
387.268 385.863 386.879 -1.1 -0.1 0.3

Medical care services

Go to web page with historical data for series CUUR0100SAM2
525.819 527.818 530.290 2.7 0.9 0.5

Professional services

Go to web page with historical data for series CUUR0100SEMC
376.998 377.722 378.068 1.4 0.3 0.1
 

Recreation(3)

Go to web page with historical data for series CUUR0100SAR
124.053 124.367 123.350 1.8 -0.6 -0.8
 

Education and communication(3)

Go to web page with historical data for series CUUR0100SAE
139.020 139.831 140.030 -1.5 0.7 0.1
 

Other goods and services

Go to web page with historical data for series CUUR0100SAG
476.618 478.584 480.564 2.7 0.8 0.4
 

Commodity and service group

 

Commodities

Go to web page with historical data for series CUUR0100SAC
186.303 188.841 188.237 1.3 1.0 -0.3

Commodities less food and beverages

Go to web page with historical data for series CUUR0100SACL11
148.870 152.354 151.077 1.1 1.5 -0.8

Nondurables less food and beverages

Go to web page with historical data for series CUUR0100SANL11
190.785 199.155 196.489 3.6 3.0 -1.3

Durables

Go to web page with historical data for series CUUR0100SAD
101.984 101.334 101.260 -2.5 -0.7 -0.1

Services

Go to web page with historical data for series CUUR0100SAS
330.092 330.453 330.424 1.7 0.1 0.0
 

Special aggregate indexes

 

All items less shelter

Go to web page with historical data for series CUUR0100SA0L2
230.714 232.689 232.142 1.4 0.6 -0.2

All items less medical care

Go to web page with historical data for series CUUR0100SA0L5
249.161 250.538 250.134 1.5 0.4 -0.2

Commodities less food

Go to web page with historical data for series CUUR0100SACL1
152.596 156.015 154.785 1.1 1.4 -0.8

Nondurables

Go to web page with historical data for series CUUR0100SAN
223.047 227.497 226.596 2.5 1.6 -0.4

Nondurables less food

Go to web page with historical data for series CUUR0100SANL1
194.374 202.279 199.806 3.3 2.8 -1.2

Services less rent of shelter(2)

Go to web page with historical data for series CUUR0100SASL2RS
327.524 328.554 328.034 1.6 0.2 -0.2

Services less medical care services

Go to web page with historical data for series CUUR0100SASL5
316.592 316.845 316.652 1.6 0.0 -0.1

Energy

Go to web page with historical data for series CUUR0100SA0E
198.899 210.049 202.610 9.1 1.9 -3.5

All items less energy

Go to web page with historical data for series CUUR0100SA0LE
268.339 268.732 269.155 1.0 0.3 0.2

All items less food and energy

Go to web page with historical data for series CUUR0100SA0L1E
272.293 272.782 273.082 0.9 0.3 0.1

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, November 15, 2017