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19-86-PHI
Friday, January 11, 2019

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Consumer Price Index, Northeast Region – December 2018

Regional prices decreased 0.1 percent over the month; up 1.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast inched down 0.1 percent in December, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that this was due to a 2.8-percent decline in the energy index. The all items less food and energy index and the food index increased over the month, up 0.1 and 0.2 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 1.7 percent. (See chart 1 and table A.) The all items less food and energy index led the advance, rising 1.8 percent. The food index and the energy index also rose, up 1.7 and 1.1 percent, respectively, since December 2017. (See table 1.)

Food

The food index edged up 0.2 percent since November as prices increased for both food away from home (0.3 percent) and food at home (0.2 percent).

From December 2017 to December 2018, the food index increased 1.7 percent. Prices for both food away from home and food at home increased over the year, up 2.7 and 0.9 percent, respectively.

Energy

The energy index, which includes prices for household and transportation fuels, declined 2.8 percent in December. Gasoline prices decreased 6.6 percent since November, while prices increased for utility (piped) gas service (3.8 percent) and electricity (0.4 percent).

The energy index advanced 1.1 percent since December 2017. The increase reflected higher prices for utility (piped) gas service, up 4.7 percent. Electricity prices also rose (0.7 percent) over the year, while gasoline prices decreased 0.6 percent.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent over the month. Higher prices for shelter (0.4 percent) and new and used vehicles (0.8 percent) were moderated by lower apparel prices (-3.3 percent).

The index for all items less food and energy increased 1.8 percent since December 2017, led by higher prices for shelter, up 2.6 percent. Prices also rose over the year for medical care (2.0 percent) and education and communication (1.3 percent), but were lower for new vehicles (-2.7 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 0.2 2.7

September

0.0 1.2 0.0 -0.1 0.2 1.3 0.5 1.9 0.1 2.2

October

-0.2 1.4 -0.2 -0.1 0.2 1.6 -0.1 1.5 -0.1 2.3

November

-0.4 0.9 0.0 0.3 0.0 1.6 0.0 1.6 -0.4 1.9

December

-0.5 0.4 -0.4 0.5 0.0 1.9 0.1 1.7 -0.1 1.7

Geographic divisions

Additional prices indexes are now available for the two divisions of the Northeast. Over the month, the all items CPI-U inched down 0.1 percent in the Middle Atlantic division; prices were unchanged in the New England division.

Over the year, the all items index advanced 2.2 percent in the New England division. (See table B.) Prices also rose in the Middle Atlantic division, up 1.6 percent.

 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

-0.1 1.7

New England Division

0.0 2.2

Middle Atlantic Division

-0.1 1.6

The Consumer Price Index for January 2019 is scheduled to be released Wednesday, February 13, 2019, 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.

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 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
Oct.
2018
Nov.
2018
Dec.
2018
Dec.
2017
Oct.
2018
Nov.
2018

All items

266.464 265.487 265.286 1.7 -0.4 -0.1

All items (December 1977 = 100)

419.600 418.060 417.745      

Food and beverages

260.464 260.165 260.652 1.6 0.1 0.2

Food

260.683 260.486 261.088 1.7 0.2 0.2

Food at home

248.743 248.204 248.585 0.9 -0.1 0.2

Cereals and bakery products

288.786 290.822 292.791 2.2 1.4 0.7

Meats, poultry, fish, and eggs

250.458 250.984 249.562 -0.8 -0.4 -0.6

Dairy and related products

228.682 227.607 228.000 1.4 -0.3 0.2

Fruits and vegetables

313.208 311.019 317.072 2.3 1.2 1.9

Nonalcoholic beverages and beverage materials

174.389 172.694 172.071 0.1 -1.3 -0.4

Other food at home

223.396 222.785 221.318 0.7 -0.9 -0.7

Food away from home

281.948 282.244 283.176 2.7 0.4 0.3

Alcoholic beverages

256.375 254.841 253.928 0.9 -1.0 -0.4

Housing

283.911 283.660 284.854 2.6 0.3 0.4

Shelter

352.035 351.890 353.372 2.6 0.4 0.4

Rent of primary residence

353.833 354.649 355.513 2.5 0.5 0.2

Owners' equivalent rent of residences(1)

364.549 365.388 366.078 2.8 0.4 0.2

Owners' equivalent rent of primary residence(1)

364.265 365.097 365.781 2.7 0.4 0.2

Fuels and utilities

227.864 228.761 229.456 2.6 0.7 0.3

Household energy

201.897 202.792 203.302 2.3 0.7 0.3

Energy services

196.096 197.834 200.965 2.2 2.5 1.6

Electricity

204.470 200.395 201.123 0.7 -1.6 0.4

Utility (piped) gas service

167.178 178.279 185.096 4.7 10.7 3.8

Household furnishings and operations

120.606 119.170 119.864 2.0 -0.6 0.6

Apparel

134.089 128.267 124.092 0.0 -7.5 -3.3

Transportation

208.570 205.639 202.527 0.1 -2.9 -1.5

Private transportation

201.181 198.184 195.500 0.2 -2.8 -1.4

New and used motor vehicles(2)

94.761 94.811 95.611 -0.1 0.9 0.8

New vehicles

142.613 141.826 142.086 -2.7 -0.4 0.2

New cars and trucks(2)(3)

98.849 98.302 98.487 -2.6 -0.4 0.2

New cars(3)

132.918 131.632 131.357 -3.2 -1.2 -0.2

Used cars and trucks

141.893 143.578 143.692 1.7 1.3 0.1

Motor fuel

248.302 234.717 219.308 -0.5 -11.7 -6.6

Gasoline (all types)

247.148 233.474 218.038 -0.6 -11.8 -6.6

Gasoline, unleaded regular(3)

244.737 230.811 215.103 -0.8 -12.1 -6.8

Gasoline, unleaded midgrade(3)(4)

260.701 248.923 234.590 0.6 -10.0 -5.8

Gasoline, unleaded premium(3)

253.383 242.038 229.384 0.7 -9.5 -5.2

Motor vehicle insurance(5)

623.094 622.117 622.122 1.1 -0.2 0.0

Medical care

508.049 508.360 509.755 2.0 0.3 0.3

Medical care commodities

390.418 393.018 393.047 1.2 0.7 0.0

Medical care services

541.836 541.442 543.251 2.2 0.3 0.3

Professional services

385.673 383.705 384.184 1.6 -0.4 0.1

Recreation(2)

123.586 124.174 124.041 0.5 0.4 -0.1

Education and communication(2)

142.199 142.042 142.062 1.3 -0.1 0.0

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

1,242.209 1,244.334 1,246.131 2.8 0.3 0.1

Other goods and services

487.718 488.435 490.191 1.9 0.5 0.4

Commodity and service group

Commodities

192.109 189.817 188.005 0.6 -2.1 -1.0

Commodities less food and beverages

154.689 151.753 149.150 -0.1 -3.6 -1.7

Nondurables less food and beverages

204.047 198.378 192.485 0.1 -5.7 -3.0

Durables

101.471 100.936 101.133 -0.4 -0.3 0.2

Services

338.222 338.384 339.604 2.3 0.4 0.4

Special aggregate indexes

All items less shelter

237.004 235.710 234.884 1.2 -0.9 -0.4

All items less medical care

255.855 254.816 254.542 1.7 -0.5 -0.1

Commodities less food

158.395 155.484 152.917 -0.1 -3.5 -1.7

Nondurables

232.603 229.349 226.335 0.9 -2.7 -1.3

Nondurables less food

207.080 201.662 196.071 0.1 -5.3 -2.8

Services less rent of shelter(1)

335.007 335.509 336.455 1.9 0.4 0.3

Services less medical care services

324.187 324.387 325.567 2.3 0.4 0.4

Energy

221.078 215.922 209.780 1.1 -5.1 -2.8

All items less energy

273.789 273.243 273.668 1.8 0.0 0.2

All items less food and energy

277.855 277.248 277.647 1.8 -0.1 0.1

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: Friday, January 11, 2019