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17-1137-PHI
Friday, August 11, 2017

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Consumer Price Index, Northeast Region – July 2017

Regional prices down 0.2 percent over the month; up 1.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast edged down 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent decrease was largely due to a 0.2-percent decline in the all items less food and energy index. The energy index also decreased, down 1.1 percent over the month, while the food index rose 0.4 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 1.3 percent, due largely to a 1.0-percent advance in the all items less food and energy index. (See chart 1 and table A.) The energy index and food index also increased, up 5.2 and 1.4 percent, respectively. (See table 1.)

Food

The food index increased 0.4 percent since June. Prices for both food at home and food away from home rose over the month, up 0.5 and 0.3 percent, respectively.

From July 2016 to July 2017, the food index increased 1.4 percent, as prices for food away from home increased 2.2 percent and prices for food at home rose 0.9 percent.

Energy

The energy index, which includes prices for household and transportation fuels, decreased 1.1 percent since June, reflecting a 1.5-percent decline in gasoline prices. Prices for utility (piped) gas service and electricity also decreased over the month, down 1.8 and 0.2 percent, respectively.

The energy index rose 5.2 percent since July 2016. The increase was led by a 5.7-percent rise in gasoline prices. Prices also increased over the year for electricity (3.3 percent) and utility (piped) gas service (9.2 percent).

All items less food and energy

The index for all items less food and energy edged down 0.2 percent over the month. Price decreases for categories including apparel (-2.5 percent) and household furnishings and operations (-1.3 percent) were nearly offset by price increases for shelter (0.1 percent) and medical care (0.2 percent), among others.

The index for all items less food and energy increased 1.0 percent since July 2016, led by higher prices for shelter (1.8 percent). Prices were also higher over the year for several other categories including recreation (2.6 percent) and medical care (1.6 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    

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 August 2017 is scheduled to be released Thursday, September 14, 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
May
2017
Jun.
2017
Jul.
2017
Jul.
2016
May
2017
Jun.
2017

All items

Go to web page with historical data for series CUUR0100SA0
259.386 259.335 258.833 1.3 -0.2 -0.2

All items (December 1977 = 100)

Go to web page with historical data for series CUUR0100AA0
408.453 408.373 407.582      
 

Food and beverages

Go to web page with historical data for series CUUR0100SAF
254.764 254.878 255.795 1.4 0.4 0.4

Food

Go to web page with historical data for series CUUR0100SAF1
254.942 254.968 255.978 1.4 0.4 0.4

Food at home

Go to web page with historical data for series CUUR0100SAF11
246.032 245.729 246.937 0.9 0.4 0.5

Food away from home

Go to web page with historical data for series CUUR0100SEFV
271.597 272.129 272.847 2.2 0.5 0.3

Alcoholic beverages

Go to web page with historical data for series CUUR0100SAF116
251.273 252.521 252.242 0.6 0.4 -0.1
 

Housing

Go to web page with historical data for series CUUR0100SAH
275.226 275.597 275.436 1.9 0.1 -0.1

Shelter

Go to web page with historical data for series CUUR0100SAH1
340.473 340.804 341.308 1.8 0.2 0.1

Rent of primary residence(1)

Go to web page with historical data for series CUUR0100SEHA
341.964 342.498 342.804 2.4 0.2 0.1

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

Go to web page with historical data for series CUUR0100SEHC
351.775 352.080 352.508 1.9 0.2 0.1

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

Go to web page with historical data for series CUUR0100SEHC01
351.501 351.811 352.248 1.9 0.2 0.1

Fuels and utilities

Go to web page with historical data for series CUUR0100SAH2
218.578 219.462 218.125 4.4 -0.2 -0.6

Household energy

Go to web page with historical data for series CUUR0100SAH21
193.549 194.376 192.907 4.8 -0.3 -0.8

Energy services(1)

Go to web page with historical data for series CUUR0100SEHF
195.078 196.977 195.706 4.8 0.3 -0.6

Electricity(1)

Go to web page with historical data for series CUUR0100SEHF01
203.013 204.883 204.470 3.3 0.7 -0.2

Utility (piped) gas service(1)

Go to web page with historical data for series CUUR0100SEHF02
164.472 166.297 163.292 9.2 -0.7 -1.8

Household furnishings and operations

Go to web page with historical data for series CUUR0100SAH3
121.371 121.533 119.970 -0.7 -1.2 -1.3
 

Apparel

Go to web page with historical data for series CUUR0100SAA
131.475 129.609 126.370 -0.7 -3.9 -2.5
 

Transportation

Go to web page with historical data for series CUUR0100SAT
201.706 200.687 198.724 0.8 -1.5 -1.0

Private transportation

Go to web page with historical data for series CUUR0100SAT1
192.370 191.246 190.125 0.9 -1.2 -0.6

New and used motor vehicles(3)

Go to web page with historical data for series CUUR0100SETA
96.416 96.121 95.413 -2.2 -1.0 -0.7

New vehicles

Go to web page with historical data for series CUUR0100SETA01
145.820 145.076 143.794 -1.3 -1.4 -0.9

New cars and trucks(3)(4)

Go to web page with historical data for series CUUR0100SS4501A
101.004 100.485 99.601 -1.3 -1.4 -0.9

New cars(4)

Go to web page with historical data for series CUUR0100SS45011
136.286 135.161 133.605 -2.2 -2.0 -1.2

Used cars and trucks

Go to web page with historical data for series CUUR0100SETA02
146.746 145.717 145.077 -4.9 -1.1 -0.4

Motor fuel

Go to web page with historical data for series CUUR0100SETB
209.584 205.060 201.924 5.7 -3.7 -1.5

Gasoline (all types)

Go to web page with historical data for series CUUR0100SETB01
208.757 204.234 201.099 5.7 -3.7 -1.5

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUUR0100SS47014
206.171 201.519 198.383 5.8 -3.8 -1.6

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUUR0100SS47015
222.606 218.029 215.216 5.1 -3.3 -1.3

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUUR0100SS47016
218.104 214.862 211.711 5.5 -2.9 -1.5
 

Medical care

Go to web page with historical data for series CUUR0100SAM
491.976 493.415 494.618 1.6 0.5 0.2

Medical care commodities

Go to web page with historical data for series CUUR0100SAM1
387.188 387.343 387.515 -0.2 0.1 0.0

Medical care services

Go to web page with historical data for series CUUR0100SAM2
521.731 523.590 525.130 2.0 0.7 0.3

Professional services

Go to web page with historical data for series CUUR0100SEMC
376.923 377.001 377.289 0.9 0.1 0.1
 

Recreation(3)

Go to web page with historical data for series CUUR0100SAR
124.085 124.041 124.085 2.6 0.0 0.0
 

Education and communication(3)

Go to web page with historical data for series CUUR0100SAE
139.595 139.480 139.069 -1.3 -0.4 -0.3
 

Other goods and services

Go to web page with historical data for series CUUR0100SAG
474.721 477.410 477.991 3.1 0.7 0.1
 

Commodity and service group

 

Commodities

Go to web page with historical data for series CUUR0100SAC
187.166 186.401 185.464 0.4 -0.9 -0.5

Commodities less food and beverages

Go to web page with historical data for series CUUR0100SACL11
150.356 149.273 147.631 -0.2 -1.8 -1.1

Nondurables less food and beverages

Go to web page with historical data for series CUUR0100SANL11
191.816 189.782 187.588 1.6 -2.2 -1.2

Durables

Go to web page with historical data for series CUUR0100SAD
103.680 103.440 102.386 -2.7 -1.2 -1.0

Services

Go to web page with historical data for series CUUR0100SAS
329.095 329.674 329.545 1.8 0.1 0.0
 

Special aggregate indexes

 

All items less shelter

Go to web page with historical data for series CUUR0100SA0L2
231.524 231.332 230.455 1.1 -0.5 -0.4

All items less medical care

Go to web page with historical data for series CUUR0100SA0L5
249.171 249.053 248.474 1.3 -0.3 -0.2

Commodities less food

Go to web page with historical data for series CUUR0100SACL1
154.018 152.996 151.384 -0.2 -1.7 -1.1

Nondurables

Go to web page with historical data for series CUUR0100SAN
223.235 222.195 221.448 1.5 -0.8 -0.3

Nondurables less food

Go to web page with historical data for series CUUR0100SANL1
195.283 193.445 191.365 1.5 -2.0 -1.1

Services less rent of shelter(2)

Go to web page with historical data for series CUUR0100SASL2RS
328.266 329.130 328.325 1.8 0.0 -0.2

Services less medical care services

Go to web page with historical data for series CUUR0100SASL5
315.798 316.293 316.055 1.8 0.1 -0.1

Energy

Go to web page with historical data for series CUUR0100SA0E
200.152 198.853 196.720 5.2 -1.7 -1.1

All items less energy

Go to web page with historical data for series CUUR0100SA0LE
268.076 268.150 267.808 1.1 -0.1 -0.1

All items less food and energy

Go to web page with historical data for series CUUR0100SA0L1E
272.112 272.195 271.623 1.0 -0.2 -0.2

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: Friday, August 11, 2017