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18-1324-PHI
Friday, August 10, 2018

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Consumer Price Index, Northeast Region – July 2018

Regional prices unchanged over the month; up 2.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast was unchanged in July, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that a 0.7-percent decrease in the energy index was offset by a 0.4 percent increase in the food index. The all items less food and energy index was unchanged over the month. (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 2.7 percent. (See chart 1 and table A.) The all items less food and energy index led the advance, rising 1.9 percent. The energy index and the food index also rose, up 13.5 and 1.9 percent, respectively, since July 2017. (See table 1.)

Food

The food index increased 0.4 percent since June as prices for food at home increased 0.6 percent. Food away from home prices also rose, inching up 0.1 percent.

From July 2017 to July 2018, the food index increased 1.9 percent. Prices for both food away from home and food at home increased over the year, up 2.9 and 1.2 percent, respectively.

Energy

The energy index, which includes prices for household and transportation fuels, decreased 0.7 percent in July, led by a 1.3 percent decline in gasoline prices. Prices for electricity and utility (piped) gas service also decreased over the month, down 0.4 and 0.1 percent, respectively.

The energy index advanced 13.5 percent since July 2017. The increase reflected higher prices for gasoline, up 23.9 percent. Prices also increased over the year for utility (piped) gas service (6.1 percent) and electricity (2.0 percent).

All items less food and energy

The index for all items less food and energy was unchanged over the month. Lower prices for apparel (-2.5 percent), among others, were offset by higher prices for shelter (0.2 percent), new and used motor vehicles (0.5 percent), and education and communication (0.3 percent).

The index for all items less food and energy increased 1.9 percent since July 2017, led by higher prices for shelter, up 2.8 percent. Prices also rose over the year for medical care (2.0 percent), but were lower for apparel (-1.3 percent) and household furnishings and operations (-0.5 percent).

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2014 2015 2016 2017 2018
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 1.5 -0.2 -0.4 0.0 0.7 0.6 2.5 0.5 1.6

February

0.1 1.0 0.2 -0.2 0.2 0.7 0.3 2.6 0.4 1.7

March

0.5 1.5 0.3 -0.4 0.2 0.6 -0.1 2.2 0.1 2.0

April

0.0 1.6 0.1 -0.3 0.6 1.0 0.3 1.9 0.4 2.1

May

0.4 2.0 0.4 -0.3 0.3 0.9 0.1 1.7 0.4 2.5

June

0.0 1.9 0.3 0.0 0.2 0.7 0.0 1.5 0.0 2.6

July

0.1 1.8 -0.1 -0.2 0.0 0.8 -0.2 1.3 0.0 2.7

August

-0.3 1.3 -0.2 -0.1 0.1 1.0 0.3 1.6

September

0.0 1.2 0.0 -0.1 0.2 1.3 0.5 1.9

October

-0.2 1.4 -0.2 -0.1 0.2 1.6 -0.1 1.5

November

-0.4 0.9 0.0 0.3 0.0 1.6 0.0 1.6

December

-0.5 0.4 -0.4 0.5 0.0 1.9 0.1 1.7

The Consumer Price Index for August 2018 is scheduled to be released Thursday, September 13, 2018, 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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 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 75 urban areas across the country from about 5,000 housing units and approximately 22,000 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
2018
Jun.
2018
Jul.
2018
Jul.
2017
May
2018
Jun.
2018

All items

265.840 265.950 265.830 2.7 0.0 0.0

All items (December 1977 = 100)

418.617 418.790 418.601      

Food and beverages

259.256 259.463 260.347 1.8 0.4 0.3

Food

259.594 259.751 260.792 1.9 0.5 0.4

Food at home

248.220 248.297 249.803 1.2 0.6 0.6

Cereals and bakery products

291.749 294.591 293.679   0.7 -0.3

Meats, poultry, fish, and eggs

250.683 250.865 253.426   1.1 1.0

Dairy and related products

224.775 226.589 227.522   1.2 0.4

Fruits and vegetables

312.553 309.281 311.877   -0.2 0.8

Nonalcoholic beverages and beverage materials

172.688 173.388 173.237   0.3 -0.1

Other food at home

223.088 222.496 224.812   0.8 1.0

Food away from home

280.017 280.296 280.675 2.9 0.2 0.1

Alcoholic beverages

253.731 254.531 253.506 0.5 -0.1 -0.4

Housing

282.848 282.981 283.331 2.9 0.2 0.1

Shelter

349.926 350.467 351.001 2.8 0.3 0.2

Rent of primary residence(1)

350.585 350.756 351.404 2.5 0.2 0.2

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

360.764 361.602 362.176 2.7 0.4 0.2

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

360.510 361.343 361.919 2.7 0.4 0.2

Fuels and utilities

230.903 230.698 230.350 5.6 -0.2 -0.2

Household energy

205.573 204.835 204.419 6.0 -0.6 -0.2

Energy services(1)

202.578 201.668 201.014 2.7 -0.8 -0.3

Electricity(1)

209.697 209.370 208.488 2.0 -0.6 -0.4

Utility (piped) gas service(1)

175.207 173.417 173.183 6.1 -1.2 -0.1

Household furnishings and operations

120.029 119.058 119.322 -0.5 -0.6 0.2

Apparel

133.571 127.969 124.772 -1.3 -6.6 -2.5

Transportation

210.975 211.842 210.687 6.0 -0.1 -0.5

Private transportation

202.964 203.986 203.643 7.1 0.3 -0.2

New and used motor vehicles(3)

95.995 96.919 97.374 2.1 1.4 0.5

New vehicles

144.405 144.753 143.208 -0.4 -0.8 -1.1

New cars and trucks(3)(4)

100.073 100.311 99.247 -0.4 -0.8 -1.1

New cars(4)

133.281 134.122 132.623 -0.7 -0.5 -1.1

Used cars and trucks

144.337 144.905 146.608 1.1 1.6 1.2

Motor fuel

252.165 253.434 250.214 23.9 -0.8 -1.3

Gasoline (all types)

251.143 252.382 249.152 23.9 -0.8 -1.3

Gasoline, unleaded regular(4)

249.078 250.155 246.882 24.4 -0.9 -1.3

Gasoline, unleaded midgrade(4)(5)

262.082 264.991 261.981 21.7 0.0 -1.1

Gasoline, unleaded premium(4)

254.886 257.071 254.288 20.1 -0.2 -1.1

Motor vehicle insurance(6)

620.681 617.184 615.988   -0.8 -0.2

Medical care

504.921 504.804 504.541 2.0 -0.1 -0.1

Medical care commodities

391.666 391.864 390.243 0.7 -0.4 -0.4

Medical care services

537.377 537.165 537.320 2.3 0.0 0.0

Professional services

379.266 380.169 380.806 0.9 0.4 0.2

Recreation(3)

123.315 124.030 123.961 -0.1 0.5 -0.1

Education and communication(3)

140.123 140.936 141.292 1.6 0.8 0.3

Tuition, other school fees, and child care(6)

1,210.763 1,218.826 1,220.420   0.8 0.1

Other goods and services

489.364 489.340 488.926 2.3 -0.1 -0.1

Commodity and service group

Commodities

192.327 191.708 191.270 3.1 -0.5 -0.2

Commodities less food and beverages

155.449 154.544 153.618 4.1 -1.2 -0.6

Nondurables less food and beverages

204.723 202.521 200.744 7.0 -1.9 -0.9

Durables

102.223 102.410 102.233 -0.1 0.0 -0.2

Services

336.839 337.595 337.754 2.5 0.3 0.0

Special aggregate indexes

All items less shelter

236.926 236.876 236.513 2.6 -0.2 -0.2

All items less medical care

255.345 255.465 255.352 2.8 0.0 0.0

Commodities less food

159.061 158.200 157.267 3.9 -1.1 -0.6

Nondurables

232.416 231.301 230.734 4.2 -0.7 -0.2

Nondurables less food

207.557 205.535 203.805 6.5 -1.8 -0.8

Services less rent of shelter(2)

334.401 335.405 335.164 2.1 0.2 -0.1

Services less medical care services

323.016 323.838 323.997 2.5 0.3 0.0

Energy

224.829 224.930 223.343 13.5 -0.7 -0.7

All items less energy

272.698 272.809 272.843 1.9 0.1 0.0

All items less food and energy

276.756 276.860 276.730 1.9 0.0 0.0

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.
(6) Indexes on a December 1977=100 base.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Friday, August 10, 2018