Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

News Release Information

15-1207-NEW
Thursday, June 18, 2015

Contacts

Technical information:
Media contact:
  • (646) 264-3620

Consumer Price Index, New York-Northern New Jersey – May 2015

Area prices rose 0.4 percent over the month and down 0.1 percent over the year

Prices in the New York-Northern New Jersey-Long Island area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), rose 0.4 percent in May, after a 0.1-percent increase in April, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the May increase mainly to higher prices for energy. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the year, the CPI-U was down 0.1 percent. (See table A.) In contrast, the all items less food and energy index advanced 1.5 percent. (See chart 1 and table 1.)

Food

After rising 0.3 percent in April, the food index inched down 0.1 percent in May, due to a 0.5-percent decline in prices for food at home. Lower prices were recorded for a number of items including ham, nonfrozen noncarbonated juices and drinks, and fresh fish and seafood. Prices for food away from home rose 0.5 percent over the month.

For the year ended May 2015, the food index rose 2.2 percent. Prices for food at home increased 1.3 percent, and prices for food away from home advanced 3.5 percent.

Energy

The energy index rose 4.5 percent, due largely to a 10.6-percent jump in gasoline prices, the largest increase since June 2009. Natural gas prices were up 8.2 percent in May, while prices for electricity fell 2.2 percent. Fuel oil prices were higher over the month.

Over the year, the energy index dropped 19.0 percent, due primarily to lower prices for gasoline, down 27.0 percent. Among the household energy components, prices fell 18.2 percent for natural gas and 6.4 percent for electricity.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent, led by higher prices for public transportation, particularly airline fares. Prices for shelter rose 0.2 percent, reflecting higher prices for residential rent (0.4 percent) and owners’ equivalent rent (0.2 percent). Moderating the advance in the all items less food and energy group were price declines for household furnishings and operations (-0.9 percent), recreation (-0.6 percent), and apparel (-0.7 percent).

From May 2014 to May 2015, the index for all items less food and energy advanced 1.5 percent. Prices for shelter increased 2.0 percent, with residential rent up 2.6 percent. Higher prices were also recorded for medical care (3.0 percent) and apparel (3.6 percent)..

Table A. New York-Northern New Jersey-Long Island CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month201020112012201320142015
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.22.40.31.50.42.80.52.20.91.90.1-0.5

February

0.01.80.52.10.42.60.62.4-0.21.10.30.1

March

0.52.10.72.30.62.60.11.90.41.30.2-0.1

April

0.22.10.42.50.22.4-0.21.40.01.60.10.0

May

0.22.20.62.90.11.80.11.40.51.90.4-0.1

June

-0.11.50.23.2-0.11.60.31.80.01.7  

July

0.11.50.33.3-0.21.10.22.10.11.6  

August

0.21.40.43.50.61.40.11.7-0.21.3  

September

0.01.20.23.80.41.60.31.60.01.0  

October

0.21.5-0.23.3-0.11.7-0.61.1-0.21.3  

November

0.01.3-0.33.00.02.00.11.2-0.40.8  

December

0.01.4-0.42.7-0.32.10.01.5-0.50.3  

CPI-W

In May, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 255.946, up 0.5 percent over the month. The CPI-W decreased 0.5 percent over the year.

The June 2015 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released Friday, July 17, 2015, 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 89 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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/homch17_a.htm.

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 New York-Northern New Jersey-Long Island, N.Y.-N.J.-Conn.-Pa. consolidated area covered in this release is comprised of Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, Middlesex, and New Haven Counties in Connecticut; and Pike County in 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, New York-Northern N.J.-Long Island, NY-NJ-CT-PA (1982-84=100 unless otherwise noted)(not seasonally adjusted)
Item and GroupIndexesPercent change from-
March
2015
April
2015
May
2015
May
2014
March
2015
April
2015
 

Expenditure category

 
 

All items

259.647259.959261.066-0.10.50.4

All items (1967=100)

750.602751.506754.705   
 

Food and beverages

255.006255.607255.6732.10.30.0

Food

255.119255.844255.7142.20.2-0.1

Food at home

254.523255.717254.4721.30.0-0.5

Food away from home

262.687262.786264.1913.50.60.5

Alcoholic beverages

248.862247.573250.6171.10.71.2
 

Housing

277.589277.917278.2760.40.20.1

Shelter

346.221347.220347.8272.00.50.2

Rent of primary residence (1)

355.451355.424357.0212.60.40.4

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

352.207353.401353.9842.00.50.2

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

351.892353.084353.6492.00.50.2

Fuels and utilities

188.475185.959186.864-10.3-0.90.5

Household energy

181.895179.013179.914-12.1-1.10.5

Energy services (1)

170.128169.186169.969-9.9-0.10.5

Electricity (1)

184.474186.216182.184-6.4-1.2-2.2

Utility (piped) gas service (1)

135.968129.536140.192-18.23.18.2

Household furnishings and operations

115.631115.676114.638-2.3-0.9-0.9
 

Apparel

133.591130.901130.0063.6-2.7-0.7
 

Transportation

211.781213.655220.004-6.53.93.0

Private transportation

197.858199.197204.068-7.93.12.4

Motor fuel

191.928194.608215.140-27.012.110.6

Gasoline (all types)

190.960193.665214.172-27.012.210.6

Gasoline, unleaded regular (3)

190.222192.992214.261-27.612.611.0

Gasoline, unleaded midgrade (3) (4)

198.829201.630218.663-25.910.08.4

Gasoline, unleaded premium (3)

199.369201.850218.509-24.69.68.3
 

Medical care

449.783450.538450.8123.00.20.1
 

Recreation (5)

119.547119.508118.792-0.4-0.6-0.6
 

Education and communication (5)

140.362140.234140.373-0.10.00.1
 

Other goods and services

400.869400.334403.8471.20.70.9
 

Commodity and service group

 
 

All items

259.647259.959261.066-0.10.50.4

Commodities

189.283189.087190.381-2.50.60.7

Commodities less food and beverages

148.198147.628149.448-6.10.81.2

Nondurables less food and beverages

185.769184.203187.881-8.21.12.0

Durables

99.718100.22299.991-1.70.3-0.2

Services

319.670320.389321.3661.10.50.3
 

Special aggregate indexes

 
 

All items less medical care

251.379251.673252.808-0.30.60.5

All items less shelter

225.604225.628226.959-1.40.60.6

Commodities less food

152.149151.555153.423-5.70.81.2

Nondurables

222.118221.579223.562-2.70.70.9

Nondurables less food

189.761188.205191.860-7.61.11.9

Services less rent of shelter (2)

301.477301.887303.333-0.10.60.5

Services less medical care services

309.437310.166311.1531.00.60.3

Energy

188.255187.458195.871-19.04.04.5

All items less energy

268.367268.788269.2051.60.30.2

All items less food and energy

272.499272.868273.3861.50.30.2

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) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

Note: Index applies to a month as a whole, not to any specific date.
The New York-Northern New Jersey-Long Island, NY-NJ-CT-PA consolidated area comprises the five boroughs of New York City, Nassau, Suffolk, Westchester, Rockland, Putnam, Dutchess, and Orange Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Monmouth, Middlesex, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, New Haven, and Middlesex Counties in Connecticut; and Pike County in Pennsylvania.
 

 

Last Modified Date: Thursday, June 18, 2015