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News Release Information

18-248-NEW
Wednesday, February 14, 2018

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Consumer Price Index, New York-Newark-Jersey City – January 2018

Area prices up 0.4 percent over the month and 1.4 percent over the year

Prices in the New York-Newark-Jersey City area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.4 percent in January after ticking up 0.1 percent in December, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the index movement to increases in apparel and shelter prices, among other items. (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 rose 1.4 percent. The index for all items less food and energy increased 1.1 percent. (See table A and chart 1.) Price increases for shelter drove the 12-month change in both indexes. (See table 1.)

  Chart 1. Over-the-year percent change in CPI-U, New York-Newark-Jersey City, January 2015–January 2018

Food

The food index edged up 0.2 percent for the second consecutive month. Food-at-home prices rose 0.3 percent, led by increases in prices for nonalcoholic beverages (2.3 percent) and fruits and vegetables (0.9 percent). Prices for food away from home rose 0.2 percent.

For the year ended in January 2018, the food index increased 1.9 percent. Prices rose 2.5 percent for food away from home, while prices for food at home increased 1.5 percent.

Energy

The energy index rose 0.9 percent after rising 1.4 percent in December. Gasoline prices, up 2.4 percent, drove the January advance. Household energy prices were down over the month, with lower prices for natural gas (-6.4 percent) outweighing price increases for electricity (1.5 percent) and fuel oil.

From January 2017 to January 2018, energy prices increased 4.9 percent, with gasoline prices rising 6.5 percent. Household energy prices advanced 3.8 percent, led by increases in prices for electricity, up 2.8 percent, and fuel oil. Natural gas prices increased 0.3 percent.

All items less food and energy

The index for all items less food and energy rose 0.4 percent, after recording no change in December. Apparel prices rose 5.2 percent. Shelter prices rose 0.2 percent. Within shelter, residential rent inched up 0.1 percent. Price increases were also reported for motor vehicle insurance (2.7 percent), recreation (0.8 percent), medical care (0.5 percent), and other goods and services (0.4 percent).

Over the year, the index for all items less food and energy rose 1.1 percent. Shelter prices increased 2.0 percent, with residential rent up 2.2 percent. Recreation prices rose 3.3 percent, medical care prices increased 1.9 percent, and other goods and services rose 1.3 percent. Apparel (-2.2 percent) and education and communication prices (-1.6 percent), on the other hand, were down.

Table A. New York-Newark-Jersey City CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month 2013 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 1-month 12-month

January

0.5 2.2 0.9 1.9 0.1 -0.5 0.2 0.8 0.6 2.5 0.4 1.4

February

0.6 2.4 -0.2 1.1 0.3 0.1 0.2 0.6 0.3 2.6    

March

0.1 1.9 0.4 1.3 0.2 -0.1 0.2 0.7 0.0 2.3    

April

-0.2 1.4 0.0 1.6 0.1 0.0 0.4 1.0 0.1 2.0    

May

0.1 1.4 0.5 1.9 0.4 -0.1 0.3 0.9 0.1 1.8    

June

0.3 1.8 0.0 1.7 0.2 0.1 0.2(R) 0.9(R) 0.2 1.8    

July

0.2 2.1 0.1 1.6 -0.1 -0.1 -0.1 1.0 -0.2 1.6    

August

0.1 1.7 -0.2 1.3 0.1 0.1 0.2 1.1 0.2 1.7    

September

0.3 1.6 0.0 1.0 0.2 0.3 0.2 1.0 0.5 2.1    

October

-0.6 1.1 -0.2 1.3 -0.1 0.4 0.1 1.2 -0.2 1.8    

November

0.1 1.2 -0.4 0.8 -0.2 0.6 0.2 1.6 -0.1 1.6    

December

0.0 1.5 -0.5 0.3 -0.4 0.7 0.1 2.1 0.1 1.6    

Footnotes:
(R) = revised.
 

CPI-W

In January, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 265.660, up 0.5 percent over the month. The CPI-W rose 1.6 percent over the year.

The February 2018 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released Tuesday, March 13, 2018, at 8:30 a.m. (ET).

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS introduced a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, the index for this area was renamed. The indexes using the new structure are published for the first time this month. Additional information on the geographic revision is available at: https://www.bls.gov/cpi/additional-resources/geographic-revision-2018.htm.


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 New York-Newark-Jersey City, N.Y.-N.J.-Pa. Metropolitan Statistical Area includes Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York; Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, and Union Counties in New Jersey; 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-Newark-Jersey City, NY-NJ-PA, not seasonally adjusted
(1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from-
Nov.
2017
Dec.
2017
Jan.
2018
Jan.
2017
Nov.
2017
Dec.
2017
 

Expenditure category

 
 

All items

269.381 269.564 270.771 1.4 0.5 0.4

All items (1967=100)

778.742 779.273 782.762      
 

Food and beverages

262.153 262.465 263.111 1.9 0.4 0.2

Food

262.244 262.646 263.302 1.9 0.4 0.2

Food at home

252.759 252.929 253.655 1.5 0.4 0.3

Cereals and bakery products

  291.754 292.946     0.4

Meats, poultry, fish, and eggs

  254.684 253.174     -0.6

Dairy and related products

  223.768 224.221     0.2

Fruits and vegetables

  322.785 325.573     0.9

Nonalcoholic beverages and beverage materials(1)

  244.113 249.631     2.3

Other food at home

  220.845 219.943     -0.4

Food away from home

282.774 283.526 284.097 2.5 0.5 0.2

Alcoholic beverages

256.463 255.544 256.039 0.8 -0.2 0.2
 

Housing

292.699 293.988 294.441 1.8 0.6 0.2

Shelter

371.403 372.257 373.008 2.0 0.4 0.2

Rent of primary residence(2)

384.611 385.109 385.646 2.2 0.3 0.1

Owners' equivalent rent of residences(2)(3)

377.951 378.813 380.330 2.2 0.6 0.4

Owners' equivalent rent of primary residence(2)(3)

377.483 378.344 379.859 2.2 0.6 0.4

Fuels and utilities

185.970 191.222 191.088 3.4 2.8 -0.1

Household energy

177.428 183.305 182.982 3.8 3.1 -0.2

Energy services(2)(4)

169.083 174.742 172.198 1.7 1.8 -1.5

Electricity(2)

170.429 177.011 179.634 2.8 5.4 1.5

Utility (piped) gas service(2)

157.393 161.134 150.751 0.3 -4.2 -6.4

Household furnishings and operations

108.093 108.042 107.887 -2.8 -0.2 -0.1
 

Apparel

123.214 118.135 124.274 -2.2 0.9 5.2
 

Transportation

216.099 215.371 217.367 2.1 0.6 0.9

Private transportation

202.892 202.702 205.115 2.5 1.1 1.2

New and used motor vehicles(5)

  91.871 91.715     -0.2

New vehicles(1)

  203.507 203.592     0.0

Used cars and trucks(1)

  261.238 261.664     0.2

Motor fuel

210.830 208.116 213.141 6.6 1.1 2.4

Gasoline (all types)

209.900 207.155 212.127 6.5 1.1 2.4

Gasoline, unleaded regular(6)

208.897 205.916 211.171 6.7 1.1 2.6

Gasoline, unleaded midgrade(6)(7)

217.643 216.524 220.049 5.7 1.1 1.6

Gasoline, unleaded premium(6)

219.007 217.780 220.711 5.3 0.8 1.3

Motor vehicle insurance(1)

  724.872 744.437     2.7
 

Medical care

480.607 481.152 483.364 1.9 0.6 0.5
 

Recreation(5)

122.802 123.825 124.808 3.3 1.6 0.8
 

Education and communication(5)

142.328 142.090 142.116 -1.6 -0.1 0.0

Tuition, other school fees, and child care(1)

  1,165.941 1,165.939     0.0
 

Other goods and services

422.113 420.409 422.261 1.3 0.0 0.4
 

Commodity and service group

 
 

All items

269.381 269.564 270.771 1.4 0.5 0.4

Commodities

187.520 186.820 188.865 0.8 0.7 1.1

Commodities less food and beverages

142.260 141.132 143.694 -0.2 1.0 1.8

Nondurables less food and beverages

181.592 179.229 183.595 0.8 1.1 2.4

Durables

92.686 92.860 93.317 -2.0 0.7 0.5

Services

338.544 339.404 340.099 1.8 0.5 0.2
 

Special aggregate indexes

 
 

All items less medical care

260.208 260.376 261.539 1.4 0.5 0.4

All items less shelter

228.960 228.871 230.297 1.1 0.6 0.6

Commodities less food

146.566 145.438 147.953 -0.1 0.9 1.7

Nondurables

223.392 222.275 224.987 1.4 0.7 1.2

Nondurables less food

186.159 183.878 188.043 0.8 1.0 2.3

Services less rent of shelter(3)

313.733 314.641 315.263 1.4 0.5 0.2

Services less medical care services

326.790 327.657 328.255 1.6 0.4 0.2

Energy

192.583 195.283 197.004 4.9 2.3 0.9

All items less energy

278.724 278.674 279.838 1.2 0.4 0.4

All items less food and energy

283.483 283.356 284.608 1.1 0.4 0.4

Footnotes
(1) Index is on a December 1977=100 base.
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Index is on a December 1982=100 base.
(4) This index series was formerly titled Gas (piped) and electricity.
(5) Indexes on a December 1997=100 base.
(6) Special index based on a substantially smaller sample.
(7) Indexes on a December 1993=100 base.
 

Note: Index applies to a month as a whole, not to any specific date.
 

 

Last Modified Date: Wednesday, February 14, 2018