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17-343-PHI
Wednesday, March 15, 2017

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Consumer Price Index, Northeast Region – February 2017

Regional prices up 0.3 over the month and 2.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast increased 0.3 percent in February, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent increase was due to a 0.4-percent increase in the all items less food and energy index. The energy index edged down 0.2 percent over the month while food prices were unchanged. (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 2.6 percent, due largely to a 2.0-percent advance in the all items less food and energy index. (See chart 1 and table A.) The energy index also increased, up 15.8 percent, while the food index was unchanged. (See table 1.)

Food

The food index was unchanged over the month as prices for food away from home inched up 0.1 percent and prices for food at home inched down 0.1 percent.  

From February 2016 to February 2017, the food index was unchanged as a 1.7-percent decrease in prices for food at home was offset by a 2.4-percent increase in those for food away from home.

Energy

The energy index, which includes prices for household and transportation fuels, edged down 0.2 percent since January, led by a 2.7-percent decline in gasoline prices. Moderating the decrease in the energy index, prices for electricity and utility (piped) gas service advanced over the month, up 1.9 and 1.4 percent, respectively. 

The energy index increased 15.8 percent since February 2016. The increase was led by a 30.1-percent jump in gasoline prices, the largest over-the-year increase in this index since September 2011. Prices also increased over the year for utility (piped) gas service (15.8 percent) and electricity (2.1 percent).

All items less food and energy

The index for all items less food and energy rose 0.4 percent over the month, led by higher prices for recreation (1.1 percent) and apparel (1.8 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 education and communication prices.

The index for all items less food and energy increased 2.0 percent since February 2016, led by higher prices for shelter (2.8 percent). Prices were also higher over the year for several other categories including medical care (2.9 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    

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 March 2017 is scheduled to be released Friday, April 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
Dec.
2016
Jan.
2017
Feb.
2017
Feb.
2016
Dec.
2016
Jan.
2017

All items

Go to web page with historical data for series CUUR0100SA0
256.427 258.073 258.768 2.6 0.9 0.3

All items (December 1977 = 100)

Go to web page with historical data for series CUUR0100AA0
403.794 406.386 407.481      
 

Food and beverages

Go to web page with historical data for series CUUR0100SAF
251.736 253.083 253.153 0.0 0.6 0.0

Food

Go to web page with historical data for series CUUR0100SAF1
251.703 253.132 253.151 0.0 0.6 0.0

Food at home

Go to web page with historical data for series CUUR0100SAF11
242.625 244.450 244.237 -1.7 0.7 -0.1

Food away from home

Go to web page with historical data for series CUUR0100SEFV
268.580 269.414 269.790 2.4 0.5 0.1

Alcoholic beverages

Go to web page with historical data for series CUUR0100SAF116
250.978 251.263 251.992 0.2 0.4 0.3
 

Housing

Go to web page with historical data for series CUUR0100SAH
272.396 273.398 273.927 2.8 0.6 0.2

Shelter

Go to web page with historical data for series CUUR0100SAH1
338.128 338.518 338.649 2.8 0.2 0.0

Rent of primary residence(1)

Go to web page with historical data for series CUUR0100SEHA
339.530 339.655 340.285 2.6 0.2 0.2

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

Go to web page with historical data for series CUUR0100SEHC
350.544 350.741 351.047 2.8 0.1 0.1

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

Go to web page with historical data for series CUUR0100SEHC01
350.256 350.458 350.768 2.8 0.1 0.1

Fuels and utilities

Go to web page with historical data for series CUUR0100SAH2
211.471 215.555 218.355 6.8 3.3 1.3

Household energy

Go to web page with historical data for series CUUR0100SAH21
186.353 190.529 193.400 7.6 3.8 1.5

Energy services(1)

Go to web page with historical data for series CUUR0100SEHF
186.605 190.411 193.729 5.6 3.8 1.7

Electricity(1)

Go to web page with historical data for series CUUR0100SEHF01
193.575 196.590 200.268 2.1 3.5 1.9

Utility (piped) gas service(1)

Go to web page with historical data for series CUUR0100SEHF02
158.648 163.863 166.184 15.8 4.8 1.4

Household furnishings and operations

Go to web page with historical data for series CUUR0100SAH3
119.814 120.698 120.939 -1.3 0.9 0.2
 

Apparel

Go to web page with historical data for series CUUR0100SAA
126.535 130.053 132.413 0.3 4.6 1.8
 

Transportation

Go to web page with historical data for series CUUR0100SAT
196.679 199.351 199.686 5.3 1.5 0.2

Private transportation

Go to web page with historical data for series CUUR0100SAT1
188.848 191.740 191.316 6.0 1.3 -0.2

New and used motor vehicles(3)

Go to web page with historical data for series CUUR0100SETA
95.217 95.794 96.276 -1.2 1.1 0.5

New vehicles

Go to web page with historical data for series CUUR0100SETA01
144.960 146.615 146.839 0.6 1.3 0.2

New cars and trucks(3)(4)

Go to web page with historical data for series CUUR0100SS4501A
100.422 101.561 101.715 0.6 1.3 0.2

New cars(4)

Go to web page with historical data for series CUUR0100SS45011
135.511 137.263 137.196 -0.6 1.2 0.0

Used cars and trucks

Go to web page with historical data for series CUUR0100SETA02
143.634 143.346 143.816 -4.6 0.1 0.3

Motor fuel

Go to web page with historical data for series CUUR0100SETB
199.091 209.828 204.293 30.1 2.6 -2.6

Gasoline (all types)

Go to web page with historical data for series CUUR0100SETB01
198.287 208.971 203.432 30.1 2.6 -2.7

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUUR0100SS47014
195.695 206.543 200.777 31.3 2.6 -2.8

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUUR0100SS47015
211.936 222.388 217.529 25.6 2.6 -2.2

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUUR0100SS47016
208.136 217.274 213.492 23.1 2.6 -1.7
 

Medical care

Go to web page with historical data for series CUUR0100SAM
486.991 490.069 492.978 2.9 1.2 0.6

Medical care commodities

Go to web page with historical data for series CUUR0100SAM1
383.992 385.054 389.173 3.1 1.3 1.1

Medical care services

Go to web page with historical data for series CUUR0100SAM2
516.196 519.924 522.384 2.9 1.2 0.5

Professional services

Go to web page with historical data for series CUUR0100SEMC
373.178 375.941 377.102 2.0 1.1 0.3
 

Recreation(3)

Go to web page with historical data for series CUUR0100SAR
121.630 122.442 123.788 2.5 1.8 1.1
 

Education and communication(3)

Go to web page with historical data for series CUUR0100SAE
142.746 142.889 142.628 1.1 -0.1 -0.2
 

Other goods and services

Go to web page with historical data for series CUUR0100SAG
468.699 473.450 474.864 3.7 1.3 0.3
 

Commodity and service group

 

Commodities

Go to web page with historical data for series CUUR0100SAC
184.215 186.458 186.562 2.0 1.3 0.1

Commodities less food and beverages

Go to web page with historical data for series CUUR0100SACL11
147.583 150.078 150.190 3.4 1.8 0.1

Nondurables less food and beverages

Go to web page with historical data for series CUUR0100SANL11
187.393 191.747 191.648 7.7 2.3 -0.1

Durables

Go to web page with historical data for series CUUR0100SAD
102.457 103.266 103.531 -2.2 1.0 0.3

Services

Go to web page with historical data for series CUUR0100SAS
326.063 327.218 328.452 2.9 0.7 0.4
 

Special aggregate indexes

 

All items less shelter

Go to web page with historical data for series CUUR0100SA0L2
228.316 230.438 231.347 2.5 1.3 0.4

All items less medical care

Go to web page with historical data for series CUUR0100SA0L5
246.301 247.884 248.480 2.6 0.9 0.2

Commodities less food

Go to web page with historical data for series CUUR0100SACL1
151.302 153.746 153.876 3.2 1.7 0.1

Nondurables

Go to web page with historical data for series CUUR0100SAN
219.430 222.405 222.385 3.4 1.3 0.0

Nondurables less food

Go to web page with historical data for series CUUR0100SANL1
191.107 195.218 195.168 7.1 2.1 0.0

Services less rent of shelter(2)

Go to web page with historical data for series CUUR0100SASL2RS
324.414 326.410 328.853 3.0 1.4 0.7

Services less medical care services

Go to web page with historical data for series CUUR0100SASL5
312.937 313.921 315.072 2.9 0.7 0.4

Energy

Go to web page with historical data for series CUUR0100SA0E
191.636 198.426 197.959 15.8 3.3 -0.2

All items less energy

Go to web page with historical data for series CUUR0100SA0LE
265.647 266.791 267.611 1.7 0.7 0.3

All items less food and energy

Go to web page with historical data for series CUUR0100SA0L1E
269.803 270.907 271.867 2.0 0.8 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, March 15, 2017