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Wednesday, December 11, 2024
Prices in the Northeast Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were unchanged in November the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that price changes were mixed throughout each major category. The all items less food and energy index declined 0.1 percent, counterbalancing an increase of 0.1 percent in the food index and 0.2 percent in the energy index. (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 3.5 percent, mostly due to rises in the shelter index which contributed to the 4.3-percent increase in the all items less food and energy index. (See chart 1.) Food prices rose 2.0 percent and energy prices decreased 2.7 percent. (See table 1.)
FoodIn November, the food index was up 0.1 percent over the month. This was mainly due to a 0.2-percent rise in prices for food away from home. (See table 1.) The food at home index was also up 0.1 percent for the same period. Within food at home, the increase was led by a 1.0-percent increase in the fruits and vegetables index and a 1.2-percent increase in the nonalcoholic beverages and beverage materials index. The cereals and bakery products index offset some of the rises as it declined 2.0 percent.
From November 2023 to November 2024, the food index increased 2.0 percent as the food away from home index advanced 3.5 percent. Prices for food at home were up 1.0 percent. The nonalcoholic beverages and beverage materials index advanced 5.9 percent, and the meats, poultry, fish, and eggs index rose 3.1 percent. Prices for cereals and bakery products declined 2.2 percent, the largest decline in the index since June 2021.
EnergyThe energy index increased 0.2 percent over the month, mostly due to a 10.4-percent rise in the utility (piped) gas service index, the largest index increase since November 2009. Prices for gasoline were down 1.8 percent while prices for electricity were down 1.4 percent in November. The fuel oil index also decreased.
Over the year, energy prices were down 2.7 percent, primarily because of an 11.0-percent decrease in the gasoline index. Prices for fuel oil also declined. The electricity index rose 6.7 percent, and the utility (piped) gas service index increased 9.1 percent.
All items less food and energyThe index for all items less food and energy edged down 0.1 percent in November. This was driven mainly by a 3.1-percent decline in the apparel index, which has declined in November every year since 1992. The lodging away from home index and the public transportation index also decreased. Prices for education and communication and prices for household furnishings and operations were both down 0.3 percent over the month. Some indexes rose and tempered the declines, including the shelter index—up 0.2 percent. Within shelter, the owners’ equivalent rent of residences index increased 0.3 percent, and the rent of primary residence index rose 0.4 percent.
Over the year, the index for all items less food and energy was up 4.3 percent, mainly because of the 5.7-percent rise in the shelter index. Within shelter, the owners’ equivalent rent of residences index rose 6.2 percent, and the rent of primary residence index increased 5.7 percent. The medical care index rose 4.3 percent, driven by a 4.4-percent advance in prices for medical care services. One index that declined was the new and used motor vehicles index, down 1.2 percent over the year, mostly due to a 2.8-percent decline in prices for used cars and trucks.
Geographic divisionsAdditional price indexes are available for the two divisions of the Northeast. Over the month, the all items CPI-U index for the Middle Atlantic division was down 0.1 percent while the New England division was up 0.1 percent.
Over the year, the all items index rose 3.7 percent in the Middle Atlantic division and 3.1 percent in the New England division. (See table B.)
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 | 0.1 | 3.5 |
November |
0.1 | 1.1 | 0.6 | 6.0 | 0.1 | 6.4 | 0.0 | 2.5 | 0.0 | 3.5 |
December |
0.2 | 1.4 | 0.2 | 5.9 | -0.1 | 6.1 | 0.0 | 2.6 |
Area | 1-month change | 12-month change |
---|---|---|
Northeast |
0.0 | 3.5 |
New England Division |
0.1 | 3.1 |
Middle Atlantic Division |
-0.1 | 3.7 |
The December Consumer Price Index for the Northeast Region is scheduled to be released on January 15, 2025.
With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued.
The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
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.
Refer to the national CPI news release technical note or the Handbook of Methods for more information.
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.
Expenditure category | Indexes | Percent change from | |||||
---|---|---|---|---|---|---|---|
Historical data |
Sep. 2024 |
Oct. 2024 |
Nov. 2024 |
Nov. 2023 |
Sep. 2024 |
Oct. 2024 |
|
All items |
327.156 | 327.421 | 327.277 | 3.5 | 0.0 | 0.0 | |
All items (December 1977 = 100) |
515.171 | 515.588 | 515.361 | ||||
Food and beverages |
331.677 | 331.010 | 331.460 | 1.9 | -0.1 | 0.1 | |
Food |
334.297 | 333.548 | 333.979 | 2.0 | -0.1 | 0.1 | |
Food at home |
311.030 | 309.656 | 309.891 | 1.0 | -0.4 | 0.1 | |
Cereals and bakery products |
383.808 | 387.878 | 380.141 | -2.2 | -1.0 | -2.0 | |
Meats, poultry, fish, and eggs |
321.462 | 316.945 | 317.261 | 3.1 | -1.3 | 0.1 | |
Dairy and related products |
280.619 | 281.335 | 280.266 | -0.5 | -0.1 | -0.4 | |
Fruits and vegetables |
354.844 | 354.236 | 357.800 | 0.2 | 0.8 | 1.0 | |
Nonalcoholic beverages and beverage materials |
224.999 | 225.595 | 228.314 | 5.9 | 1.5 | 1.2 | |
Other food at home |
280.835 | 277.371 | 277.729 | 0.1 | -1.1 | 0.1 | |
Food away from home |
375.790 | 376.241 | 377.043 | 3.5 | 0.3 | 0.2 | |
Alcoholic beverages |
295.662 | 296.095 | 296.810 | 0.5 | 0.4 | 0.2 | |
Housing |
357.067 | 358.275 | 359.129 | 5.2 | 0.6 | 0.2 | |
Shelter |
441.126 | 442.607 | 443.365 | 5.7 | 0.5 | 0.2 | |
Rent of primary residence |
443.231 | 445.347 | 447.338 | 5.7 | 0.9 | 0.4 | |
Owners' equivalent rent of residences(1) |
458.636 | 461.175 | 462.352 | 6.2 | 0.8 | 0.3 | |
Owners' equivalent rent of primary residence(1) |
458.182 | 460.710 | 461.882 | 6.1 | 0.8 | 0.3 | |
Fuels and utilities |
300.684 | 302.948 | 307.171 | 4.1 | 2.2 | 1.4 | |
Household energy |
267.917 | 269.507 | 274.004 | 4.0 | 2.3 | 1.7 | |
Energy services |
268.020 | 268.850 | 274.049 | 7.4 | 2.2 | 1.9 | |
Electricity |
285.266 | 284.796 | 280.868 | 6.7 | -1.5 | -1.4 | |
Utility (piped) gas service |
215.519 | 218.843 | 241.584 | 9.1 | 12.1 | 10.4 | |
Household furnishings and operations |
146.491 | 146.415 | 145.936 | 2.4 | -0.4 | -0.3 | |
Apparel |
138.114 | 134.796 | 130.635 | 1.9 | -5.4 | -3.1 | |
Transportation |
266.495 | 265.975 | 264.331 | 1.3 | -0.8 | -0.6 | |
Private transportation |
266.229 | 264.142 | 262.828 | 1.1 | -1.3 | -0.5 | |
New and used motor vehicles(2) |
124.902 | 124.739 | 125.297 | -1.2 | 0.3 | 0.4 | |
New vehicles |
174.659 | 174.392 | 174.541 | -0.3 | -0.1 | 0.1 | |
New cars(3) |
164.021 | 163.540 | 164.087 | -0.8 | 0.0 | 0.3 | |
Used cars and trucks |
190.349 | 191.294 | 192.566 | -2.8 | 1.2 | 0.7 | |
Motor fuel |
279.895 | 270.546 | 265.748 | -11.1 | -5.1 | -1.8 | |
Gasoline (all types) |
279.428 | 269.998 | 265.179 | -11.0 | -5.1 | -1.8 | |
Gasoline, unleaded regular(3) |
273.394 | 263.796 | 258.941 | -11.5 | -5.3 | -1.8 | |
311.312 | 302.024 | 296.899 | -9.7 | -4.6 | -1.7 | ||
Gasoline, unleaded premium(3) |
309.385 | 301.101 | 296.595 | -8.6 | -4.1 | -1.5 | |
Medical care |
572.052 | 572.947 | 574.290 | 4.3 | 0.4 | 0.2 | |
Medical care commodities |
418.825 | 414.876 | 417.234 | 3.4 | -0.4 | 0.6 | |
Medical care services |
616.903 | 619.330 | 620.342 | 4.4 | 0.6 | 0.2 | |
Professional services |
423.270 | 425.238 | 429.761 | 1.2 | 1.5 | 1.1 | |
Recreation(2) |
141.504 | 142.810 | 142.989 | 1.8 | 1.0 | 0.1 | |
Education and communication(2) |
158.684 | 158.250 | 157.764 | 2.0 | -0.6 | -0.3 | |
Tuition, other school fees, and child care(5) |
1,471.231 | 1,472.856 | 1,472.663 | 4.4 | 0.1 | 0.0 | |
Other goods and services |
609.443 | 612.540 | 612.907 | 2.2 | 0.6 | 0.1 | |
Commodity and service group |
|||||||
Commodities |
228.994 | 227.665 | 226.767 | -0.3 | -1.0 | -0.4 | |
Commodities less food and beverages |
176.240 | 174.707 | 173.306 | -1.9 | -1.7 | -0.8 | |
Nondurables less food and beverages |
226.642 | 223.393 | 220.522 | -2.7 | -2.7 | -1.3 | |
Durables |
120.621 | 120.383 | 120.102 | -1.0 | -0.4 | -0.2 | |
Services |
421.367 | 423.155 | 423.731 | 5.5 | 0.6 | 0.1 | |
Special aggregate indexes |
|||||||
All items less shelter |
287.240 | 287.046 | 286.558 | 2.2 | -0.2 | -0.2 | |
All items less medical care |
316.426 | 316.663 | 316.452 | 3.4 | 0.0 | -0.1 | |
Commodities less food |
180.575 | 179.086 | 177.735 | -1.8 | -1.6 | -0.8 | |
Nondurables |
278.479 | 276.491 | 275.244 | -0.1 | -1.2 | -0.5 | |
Nondurables less food |
230.690 | 227.675 | 225.030 | -2.5 | -2.5 | -1.2 | |
Services less rent of shelter(1) |
412.921 | 415.166 | 415.541 | 5.2 | 0.6 | 0.1 | |
Services less medical care services |
407.905 | 409.649 | 410.194 | 5.6 | 0.6 | 0.1 | |
Energy |
273.529 | 270.508 | 271.093 | -2.7 | -0.9 | 0.2 | |
All items less energy |
336.057 | 336.585 | 336.381 | 3.9 | 0.1 | -0.1 | |
All items less food and energy |
338.498 | 339.254 | 338.937 | 4.3 | 0.1 | -0.1 | |
Footnotes |
Last Modified Date: Wednesday, December 11, 2024