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18-267-PHI
Wednesday, February 14, 2018

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Consumer Price Index, Northeast Region – January 2018

Regional prices up 0.5 percent over the month and 1.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast rose 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent one-month increase reflected a rise in the all items less food and energy index, up 0.4 percent. The energy index and food index also increased since December, up 2.0 and 0.5 percent, respectively. (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 1.6 percent, due largely to an advance in the all items less food and energy index, up 1.1 percent. (See chart 1 and table A.) The energy index (6.7 percent) and the food index (2.0 percent) also increased over the year. (See table 1.)

Food

The food index increased 0.5 percent since December. Prices increased for both food at home (0.6 percent) and for food away from home (0.4 percent).

From January 2017 to January 2018 the food index increased 2.0 percent, as prices for food away from home increased 2.7 percent and prices for food at home rose 1.4 percent.

Energy

The energy index, which includes prices for household and transportation fuels, increased 2.0 percent in January, reflecting a 2.5-percent increase in gasoline prices. Prices were also higher for electricity, up 2.3 percent, while prices for utility (piped) gas service decreased 3.2 percent.

The energy index advanced 6.7 percent since January 2017. The increase was mostly due to a 7.6-percent rise in gasoline prices. Prices also increased over the year for electricity (3.9 percent) and utility (piped) gas service (4.4 percent).

All items less food and energy

The index for all items less food and energy rose 0.4 percent over the month. Prices increased for categories including shelter (0.2 percent), apparel (2.5 percent), medical care (0.6 percent), and recreation (0.6 percent), among others.

The index for all items less food and energy increased 1.1 percent since January 2017, led by higher prices for shelter (1.9 percent) and medical care (2.6 percent), among others. Meanwhile, prices were lower over the year for education and communication (-1.8 percent) and household furnishings and operations (-2.6 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    

March

0.5 1.5 0.3 -0.4 0.2 0.6 -0.1 2.2    

April

0.0 1.6 0.1 -0.3 0.6 1.0 0.3 1.9    

May

0.4 2.0 0.4 -0.3 0.3 0.9 0.1 1.7    

June

0.0 1.9 0.3 0.0 0.2 0.7 0.0 1.5    

July

0.1 1.8 -0.1 -0.2 0.0 0.8 -0.2 1.3    

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 February 2018 is scheduled to be released Tuesday, March 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 94 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 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
Nov.
2017
Dec.
2017
Jan.
2018
Jan.
2017
Nov.
2017
Dec.
2017

All items

Go to web page with historical data for series CUUR0100SA0
260.630 260.791 262.188 1.6 0.6 0.5

All items (December 1977 = 100)

Go to web page with historical data for series CUUR0100AA0
410.412 410.666 412.865      
 

Food and beverages

Go to web page with historical data for series CUUR0100SAF
256.073 256.487 257.764 1.8 0.7 0.5

Food

Go to web page with historical data for series CUUR0100SAF1
256.209 256.764 258.097 2.0 0.7 0.5

Food at home

Go to web page with historical data for series CUUR0100SAF11
245.920 246.424 247.944 1.4 0.8 0.6

Cereals and bakery products

Go to web page with historical data for series CUUR0100SAF111
  286.389 290.452     1.4

Meats, poultry, fish, and eggs

Go to web page with historical data for series CUUR0100SAF112
  251.499 249.705     -0.7

Dairy and related products

Go to web page with historical data for series CUUR0100SEFJ
  224.869 226.407     0.7

Fruits and vegetables

Go to web page with historical data for series CUUR0100SAF113
  309.997 315.809     1.9

Nonalcoholic beverages and beverage materials

Go to web page with historical data for series CUUR0100SAF114
  171.841 172.791     0.6

Other food at home

Go to web page with historical data for series CUUR0100SAF115
  219.860 220.752     0.4

Food away from home

Go to web page with historical data for series CUUR0100SEFV
275.002 275.644 276.724 2.7 0.6 0.4

Alcoholic beverages

Go to web page with historical data for series CUUR0100SAF116
253.128 251.711 252.312 0.4 -0.3 0.2
 

Housing

Go to web page with historical data for series CUUR0100SAH
276.736 277.693 278.690 1.9 0.7 0.4

Shelter

Go to web page with historical data for series CUUR0100SAH1
343.275 344.282 345.089 1.9 0.5 0.2

Rent of primary residence(1)

Go to web page with historical data for series CUUR0100SEHA
346.118 346.920 347.888 2.4 0.5 0.3

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

Go to web page with historical data for series CUUR0100SEHC
355.348 356.255 357.498 1.9 0.6 0.3

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

Go to web page with historical data for series CUUR0100SEHC01
355.098 356.008 357.246 1.9 0.6 0.3

Fuels and utilities

Go to web page with historical data for series CUUR0100SAH2
220.163 223.688 227.092 5.4 3.1 1.5

Household energy

Go to web page with historical data for series CUUR0100SAH21
194.829 198.709 201.972 6.0 3.7 1.6

Energy services(1)

Go to web page with historical data for series CUUR0100SEHF
193.258 196.735 197.451 3.7 2.2 0.4

Electricity(1)

Go to web page with historical data for series CUUR0100SEHF01
195.921 199.636 204.167 3.9 4.2 2.3

Utility (piped) gas service(1)

Go to web page with historical data for series CUUR0100SEHF02
173.984 176.712 171.138 4.4 -1.6 -3.2

Household furnishings and operations

Go to web page with historical data for series CUUR0100SAH3
118.572 117.530 117.541 -2.6 -0.9 0.0
 

Apparel

Go to web page with historical data for series CUUR0100SAA
129.241 124.143 127.247 -2.2 -1.5 2.5
 

Transportation

Go to web page with historical data for series CUUR0100SAT
202.467 202.378 204.271 2.5 0.9 0.9

Private transportation

Go to web page with historical data for series CUUR0100SAT1
194.728 195.138 197.240 2.9 1.3 1.1

New and used motor vehicles(3)

Go to web page with historical data for series CUUR0100SETA
94.744 95.752 96.192 0.4 1.5 0.5

New vehicles

Go to web page with historical data for series CUUR0100SETA01
144.217 145.987 146.725 0.1 1.7 0.5

New cars and trucks(3)(4)

Go to web page with historical data for series CUUR0100SS4501A
99.909 101.144 101.678 0.1 1.8 0.5

New cars(4)

Go to web page with historical data for series CUUR0100SS45011
133.886 135.740 136.039 -0.9 1.6 0.2

Used cars and trucks

Go to web page with historical data for series CUUR0100SETA02
140.030 141.272 141.690 -1.2 1.2 0.3

Motor fuel

Go to web page with historical data for series CUUR0100SETB
223.902 220.329 225.970 7.7 0.9 2.6

Gasoline (all types)

Go to web page with historical data for series CUUR0100SETB01
222.946 219.332 224.858 7.6 0.9 2.5

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUUR0100SS47014
220.589 216.786 222.439 7.7 0.8 2.6

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUUR0100SS47015
235.207 233.187 237.417 6.8 0.9 1.8

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUUR0100SS47016
230.205 227.876 232.371 6.9 0.9 2.0

Motor vehicle insurance(6)

Go to web page with historical data for series CUUR0100SETE
  615.509 623.148     1.2
 

Medical care

Go to web page with historical data for series CUUR0100SAM
498.864 499.765 502.715 2.6 0.8 0.6

Medical care commodities

Go to web page with historical data for series CUUR0100SAM1
387.946 388.522 392.768 2.0 1.2 1.1

Medical care services

Go to web page with historical data for series CUUR0100SAM2
530.627 531.627 534.166 2.7 0.7 0.5

Professional services

Go to web page with historical data for series CUUR0100SEMC
377.680 378.179 380.065 1.1 0.6 0.5
 

Recreation(3)

Go to web page with historical data for series CUUR0100SAR
123.233 123.466 124.260 1.5 0.8 0.6
 

Education and communication(3)

Go to web page with historical data for series CUUR0100SAE
140.409 140.206 140.376 -1.8 0.0 0.1

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

Go to web page with historical data for series CUUR0100SEEB
  1,212.279 1,212.253     0.0
 

Other goods and services

Go to web page with historical data for series CUUR0100SAG
480.950 480.873 482.013 1.8 0.2 0.2
 

Commodity and service group

 

Commodities

Go to web page with historical data for series CUUR0100SAC
187.525 186.904 188.920 1.3 0.7 1.1

Commodities less food and beverages

Go to web page with historical data for series CUUR0100SACL11
150.311 149.301 151.491 0.9 0.8 1.5

Nondurables less food and beverages

Go to web page with historical data for series CUUR0100SANL11
194.777 192.319 196.286 2.4 0.8 2.1

Durables

Go to web page with historical data for series CUUR0100SAD
101.303 101.516 102.118 -1.1 0.8 0.6

Services

Go to web page with historical data for series CUUR0100SAS
331.150 332.006 332.886 1.7 0.5 0.3
 

Special aggregate indexes

 

All items less shelter

Go to web page with historical data for series CUUR0100SA0L2
232.203 232.054 233.681 1.4 0.6 0.7

All items less medical care

Go to web page with historical data for series CUUR0100SA0L5
250.163 250.291 251.619 1.5 0.6 0.5

Commodities less food

Go to web page with historical data for series CUUR0100SACL1
154.027 153.001 155.156 0.9 0.7 1.4

Nondurables

Go to web page with historical data for series CUUR0100SAN
225.444 224.318 227.089 2.1 0.7 1.2

Nondurables less food

Go to web page with historical data for series CUUR0100SANL1
198.177 195.781 199.545 2.2 0.7 1.9

Services less rent of shelter(2)

Go to web page with historical data for series CUUR0100SASL2RS
329.515 330.302 331.282 1.5 0.5 0.3

Services less medical care services

Go to web page with historical data for series CUUR0100SASL5
317.401 318.247 319.013 1.6 0.5 0.2

Energy

Go to web page with historical data for series CUUR0100SA0E
206.616 207.538 211.791 6.7 2.5 2.0

All items less energy

Go to web page with historical data for series CUUR0100SA0LE
268.806 268.892 270.000 1.2 0.4 0.4

All items less food and energy

Go to web page with historical data for series CUUR0100SA0L1E
272.756 272.764 273.844 1.1 0.4 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.
(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: Wednesday, February 14, 2018