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News Release Information

24-2140-PHI
Thursday, October 10, 2024

Contacts Technical information: Media contact:

Consumer Price Index, Northeast Region – September 2024

Area prices were up 0.3 percent over the past month, up 3.4 percent from a year ago.

Prices in the Northeast Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), rose 0.3 percent in September, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the rise was primarily due to increases in the shelter index and the education and communication index. These contributed to the 0.5-percent increase in the all items less food and energy index. The food index was up 0.6 percent over the month while the energy index tempered the overall increase as it declined 2.1 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 index increased 3.4 percent, mainly due to a rise in the shelter index which contributed to the 4.2-percent increase in the all items less food and energy index.(See chart 1.) Food prices rose 2.4 percent, slightly up from last month’s 2.2-percent rise. Energy prices decreased 4.0 percent, mostly due to a decline in gasoline prices. (See table 1.) 

Food

In September, the food index was up 0.6 percent over the month, the largest increase since January’s 0.8 percent. It was mainly due to a 0.7-percent increase in prices for food at home. (See table 1.) Within food at home, most grocery prices rose, led by a 0.9-percent uptick in the miscellaneous other food at home index. The 1.8-percent advance in the nonalcoholic beverages and beverage materials index counterbalanced last month’s 1.8-percent decline in the index. Prices for meats, poultry, fish, and eggs were up 0.9 percent. Cereals and bakery products was the only grocery category to decline, down 0.9 percent partially due to a decrease in prices for breakfast cereals. The food away from home index rose 0.4 percent over the month.

From September 2023 to September 2024, the food index increased 2.4 percent as the food away from home index advanced 4.1 percent. Prices for food at home were up 1.4 percent, led by the meats, poultry, fish, and eggs index as it rose 4.5 percent. The nonalcoholic beverages and beverage materials index was up 4.7 percent over the year, compared to a 4.6-percent increase in July and 2.0 percent in August.

Energy

The energy index decreased 2.1 percent over the month, mostly due to a 5.4-percent decrease in prices for gasoline. This was the largest decline in gasoline prices since December 2022. Fuel oil prices also declined. The electricity index remained unchanged while the utility (piped) gas service index rose 3.5 percent, the largest increase since November 2023.

Over the year, energy prices were down 4.0 percent, predominantly due to the gasoline index as it declined 13.1 percent. The fuel oil index also decreased. Prices for electricity increased 8.3 percent over the year as utility (piped) gas service prices rose 5.6 percent.

All items less food and energy

The index for all items less food and energy was up 0.5 percent in September, the same as last month. This was due to price increases throughout the index. Shelter rose 0.3 percent over the month. Within shelter, the owners’ equivalent rent of residences index and the rent of primary residence index were both up 0.5 percent. The education and communication index rose 1.5 percent as prices for tuition, other school fees, and childcare advanced 2.6 percent. The apparel index also contributed to the overall rise as it advanced 3.0 percent over the month. Both the education and communication index and apparel index have risen in September every year since these indexes began. Tempering the overall rise, the recreation index declined 1.0 percent.

Over the year, the index for all items less food and energy was up 4.2 percent, mainly because of the 5.9-percent rise in the shelter index. Within shelter, the owners’ equivalent rent of residences index rose 6.3 percent, and the rent of primary residence index increased 5.7 percent. The medical care index rose 2.8 percent over the year, due primarily to medical care services increasing 2.5 percent. The new and used motor vehicles index decreased 1.9 percent and was the only index to decline over the year, down for the sixth consecutive month. Used cars and trucks decreased 4.5 percent while new vehicles were down 0.5 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 both divisions was up 0.3 percent.

Over the year, the all items index rose 3.4 percent in both divisions. (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 0.0 3.6

August

0.1 1.1 0.1 4.4 0.3 7.4 0.5 2.8 0.2 3.4

September

0.1 1.2 0.3 4.6 0.1 7.2 0.3 3.0 0.3 3.4

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 3.4

New England Division

0.3 3.4

Middle Atlantic Division

0.3 3.4

The October Consumer Price Index for the Northeast Region is scheduled to be released on November 13, 2024.


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 Consumer Price Index for the Northeast region is published monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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
Jul.
2024
Aug.
2024
Sep.
2024
Sep.
2023
Jul.
2024
Aug.
2024

All items

325.339 326.140 327.156 3.4 0.6 0.3

All items (December 1977 = 100)

512.309 513.571 515.171      

Food and beverages

329.749 329.911 331.677 2.3 0.6 0.5

Food

332.234 332.435 334.297 2.4 0.6 0.6

Food at home

309.000 308.935 311.030 1.4 0.7 0.7

Cereals and bakery products

385.818 387.374 383.808 -0.6 -0.5 -0.9

Meats, poultry, fish, and eggs

313.213 318.729 321.462 4.5 2.6 0.9

Dairy and related products

279.924 279.124 280.619 -0.4 0.2 0.5

Fruits and vegetables

353.095 352.107 354.844 -0.4 0.5 0.8

Nonalcoholic beverages and beverage materials

225.084 221.129 224.999 4.7 0.0 1.8

Other food at home

280.052 278.451 280.835 0.5 0.3 0.9

Food away from home

373.682 374.390 375.790 4.1 0.6 0.4

Alcoholic beverages

295.550 295.188 295.662 0.6 0.0 0.2

Housing

354.777 355.938 357.067 5.2 0.6 0.3

Shelter

437.068 439.750 441.126 5.9 0.9 0.3

Rent of primary residence

438.034 441.048 443.231 5.7 1.2 0.5

Owners' equivalent rent of residences(1)

453.685 456.323 458.636 6.3 1.1 0.5

Owners' equivalent rent of primary residence(1)

453.220 455.868 458.182 6.3 1.1 0.5

Fuels and utilities

302.989 299.076 300.684 3.4 -0.8 0.5

Household energy

271.118 266.603 267.917 3.4 -1.2 0.5

Energy services

269.198 265.459 268.020 7.7 -0.4 1.0

Electricity

288.277 285.238 285.266 8.3 -1.0 0.0

Utility (piped) gas service

213.020 208.168 215.519 5.6 1.2 3.5

Household furnishings and operations

147.046 146.292 146.491 1.9 -0.4 0.1

Apparel

130.491 134.137 138.114 0.8 5.8 3.0

Transportation

267.463 267.101 266.495 1.2 -0.4 -0.2

Private transportation

267.701 267.717 266.229 1.2 -0.5 -0.6

New and used motor vehicles(2)

124.986 125.016 124.902 -1.9 -0.1 -0.1

New vehicles

174.967 174.634 174.659 -0.5 -0.2 0.0

New cars(3)

164.696 164.462 164.021 -0.9 -0.4 -0.3

Used cars and trucks

192.432 190.911 190.349 -4.5 -1.1 -0.3

Motor fuel

303.288 295.782 279.895 -13.2 -7.7 -5.4

Gasoline (all types)

302.970 295.432 279.428 -13.1 -7.8 -5.4

Gasoline, unleaded regular(3)

297.770 289.880 273.394 -13.8 -8.2 -5.7

Gasoline, unleaded midgrade(3)(4)

331.681 325.231 311.312 -10.5 -6.1 -4.3

Gasoline, unleaded premium(3)

327.972 322.489 309.385 -9.4 -5.7 -4.1

Medical care

572.336 573.346 572.052 2.8 0.0 -0.2

Medical care commodities

424.001 423.427 418.825 4.6 -1.2 -1.1

Medical care services

615.631 617.137 616.903 2.5 0.2 0.0

Professional services

425.016 425.014 423.270 -2.9 -0.4 -0.4

Recreation(2)

142.794 142.980 141.504 1.1 -0.9 -1.0

Education and communication(2)

155.599 156.370 158.684 2.0 2.0 1.5

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

1,422.147 1,434.313 1,471.231 3.6 3.5 2.6

Other goods and services

610.227 606.702 609.443 2.7 -0.1 0.5

Commodity and service group

Commodities

229.201 229.046 228.994 -0.6 -0.1 0.0

Commodities less food and beverages

177.303 177.027 176.240 -2.7 -0.6 -0.4

Nondurables less food and beverages

228.745 228.710 226.642 -3.7 -0.9 -0.9

Durables

120.881 120.490 120.621 -1.4 -0.2 0.1

Services

417.612 419.327 421.367 5.6 0.9 0.5

Special aggregate indexes

All items less shelter

286.252 286.349 287.240 2.0 0.3 0.3

All items less medical care

314.513 315.305 316.426 3.5 0.6 0.4

Commodities less food

181.611 181.332 180.575 -2.5 -0.6 -0.4

Nondurables

278.609 278.671 278.479 -0.3 0.0 -0.1

Nondurables less food

232.653 232.598 230.690 -3.4 -0.8 -0.8

Services less rent of shelter(1)

409.397 410.055 412.921 5.2 0.9 0.7

Services less medical care services

403.982 405.710 407.905 5.9 1.0 0.5

Energy

285.253 279.467 273.529 -4.0 -4.1 -2.1

All items less energy

333.142 334.475 336.057 4.0 0.9 0.5

All items less food and energy

335.415 336.956 338.498 4.2 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: Thursday, October 10, 2024