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News Release Information

24-2549-PHI
Wednesday, December 11, 2024

Contacts Technical information: Media contact:

Consumer Price Index, Northeast Region – November 2024

Area prices were unchanged over the past month, up 3.5 percent from a year ago

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.)

Food

In 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.

Energy

The 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 energy

The 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 divisions

Additional 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.)

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 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
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

0.0 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.

Notice Regarding Ceasing Publication of Utility Indexes

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:

  • Electricity
  • Utility (piped) gas (often referred to as natural gas)
  • Energy services
  • Fuels and utilities
  • Household energy

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:

  • Electricity per KWH
  • Utility (piped) gas per therm

 


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.

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.

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
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

Gasoline, unleaded midgrade(3)(4)

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
(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: Wednesday, December 11, 2024