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18-783-PHI
Thursday, May 10, 2018

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Consumer Price Index, Northeast Region – April 2018

Regional prices up 0.4 percent over the month and 2.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast advanced 0.4 percent in April, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent one-month increase mainly reflected a 0.3-percent increase in the all items less food and energy index. The energy index and the food index also increased since March, up 1.8 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 2.1 percent. (See chart 1 and table A.) The all items less food and energy index led the advance, rising 1.5 percent. The energy index and the food index also rose, up 9.7 and 1.7 percent, respectively, since April 2017. (See table 1.)

Food

The food index advanced 0.5 percent since March as prices rose for both food away from home (0.6 percent) and food at home (0.4 percent).

From April 2017 to April 2018, the food index increased 1.7 percent. Prices for food away from home and food at home increased over the year, up 2.6 and 1.1 percent, respectively.

Energy

The energy index, which includes prices for household and transportation fuels, increased 1.8 percent in April, due to higher prices for gasoline, up 5.5 percent. Prices for electricity and utility (piped) gas service decreased over the month, down 1.7 and 0.7 percent, respectively.

The energy index advanced 9.7 percent since April 2017. The increase reflected higher prices for gasoline, up 13.3 percent. Prices also increased over the year for utility (piped) gas service (10.0 percent) and electricity (2.4 percent).

All items less food and energy

The index for all items less food and energy edged up 0.3 percent over the month. The recent advance was due largely to a rise in shelter prices, up 0.3 percent since March. Prices were also higher for apparel (1.8 percent), among others, while prices were lower for new and used motor vehicles (-0.4 percent).

The index for all items less food and energy increased 1.5 percent since April 2017, led by higher prices for shelter, up 2.5 percent. Prices also rose over the year for medical care (2.7 percent), but were lower for household furnishings and operations (-0.9 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

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 May 2018 is scheduled to be released Tuesday, June 12, 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
Feb.
2018
Mar.
2018
Apr.
2018
Apr.
2017
Feb.
2018
Mar.
2018

All items

263.260 263.556 264.669 2.1 0.5 0.4

All items (December 1977 = 100)

414.554 415.020 416.772      

Food and beverages

258.050 258.100 259.235 1.6 0.5 0.4

Food

258.275 258.385 259.625 1.7 0.5 0.5

Food at home

247.881 248.406 249.436 1.1 0.6 0.4

Cereals and bakery products

291.898 294.079 293.366   0.5 -0.2

Meats, poultry, fish, and eggs

249.077 252.387 255.219   2.5 1.1

Dairy and related products

225.716 225.582 225.197   -0.2 -0.2

Fruits and vegetables

314.203 310.177 311.887   -0.7 0.6

Nonalcoholic beverages and beverage materials

172.653 173.398 172.571   0.0 -0.5

Other food at home

221.699 221.806 223.498   0.8 0.8

Food away from home

277.257 276.763 278.327 2.6 0.4 0.6

Alcoholic beverages

253.896 253.216 253.071 0.5 -0.3 -0.1

Housing

279.729 280.985 281.574 2.6 0.7 0.2

Shelter

345.507 347.179 348.276 2.5 0.8 0.3

Rent of primary residence(1)

348.355 349.161 349.889 2.6 0.4 0.2

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

357.898 358.681 359.918 2.5 0.6 0.3

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

357.645 358.432 359.669 2.5 0.6 0.3

Fuels and utilities

230.611 231.105 229.335 6.2 -0.6 -0.8

Household energy

205.382 205.988 203.994 6.8 -0.7 -1.0

Energy services(1)

201.856 202.979 200.253 4.7 -0.8 -1.3

Electricity(1)

203.693 205.089 201.559 2.4 -1.0 -1.7

Utility (piped) gas service(1)

183.172 183.764 182.562 10.0 -0.3 -0.7

Household furnishings and operations

118.970 119.485 120.108 -0.9 1.0 0.5

Apparel

131.169 130.835 133.247 -0.1 1.6 1.8

Transportation

205.849 205.091 207.639 3.3 0.9 1.2

Private transportation

198.148 197.503 199.980 4.2 0.9 1.3

New and used motor vehicles(3)

96.233 96.871 96.514 0.4 0.3 -0.4

New vehicles

145.661 145.485 145.056 -0.2 -0.4 -0.3

New cars and trucks(3)(4)

100.945 100.821 100.527 -0.1 -0.4 -0.3

New cars(4)

134.827 134.300 133.868 -1.3 -0.7 -0.3

Used cars and trucks

143.053 145.718 145.294 -0.9 1.6 -0.3

Motor fuel

229.749 224.884 237.081 13.3 3.2 5.4

Gasoline (all types)

228.647 223.792 236.049 13.3 3.2 5.5

Gasoline, unleaded regular(4)

226.249 221.284 233.807 13.6 3.3 5.7

Gasoline, unleaded midgrade(4)(5)

241.142 237.074 247.333 11.6 2.6 4.3

Gasoline, unleaded premium(4)

235.827 231.937 241.824 11.2 2.5 4.3

Motor vehicle insurance(6)

620.300 620.384 620.681   0.1 0.0

Medical care

503.759 504.112 504.859 2.7 0.2 0.1

Medical care commodities

393.657 390.484 388.475 0.8 -1.3 -0.5

Medical care services

535.252 536.686 538.277 3.2 0.6 0.3

Professional services

379.937 380.157 380.487 1.0 0.1 0.1

Recreation(3)

124.211 123.949 124.184 -0.1 0.0 0.2

Education and communication(3)

140.191 139.664 139.679 -0.3 -0.4 0.0

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

1,213.664 1,210.467 1,210.467   -0.3 0.0

Other goods and services

485.267 486.713 488.167 2.8 0.6 0.3

Commodity and service group

Commodities

189.959 189.633 191.390 2.1 0.8 0.9

Commodities less food and beverages

152.764 152.310 154.209 2.3 0.9 1.2

Nondurables less food and beverages

198.832 196.929 201.256 4.5 1.2 2.2

Durables

102.281 102.994 102.828 -0.8 0.5 -0.2

Services

334.012 334.865 335.433 2.1 0.4 0.2

Special aggregate indexes

All items less shelter

235.006 234.793 235.922 1.9 0.4 0.5

All items less medical care

252.695 252.988 254.120 2.1 0.6 0.4

Commodities less food

156.444 155.981 157.831 2.3 0.9 1.2

Nondurables

228.620 227.597 230.501 3.0 0.8 1.3

Nondurables less food

202.032 200.203 204.260 4.2 1.1 2.0

Services less rent of shelter(2)

333.222 333.212 333.226 1.8 0.0 0.0

Services less medical care services

320.141 320.954 321.452 2.0 0.4 0.2

Energy

215.352 213.671 217.608 9.7 1.0 1.8

All items less energy

270.820 271.327 272.153 1.5 0.5 0.3

All items less food and energy

274.774 275.350 276.113 1.5 0.5 0.3

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: Thursday, May 10, 2018