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News Release Information

18-1168-NEW
Thursday, July 12, 2018

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Technical information:
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  • (646) 264-3620

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

Area prices up 0.1 percent over the month and 2.0 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), ticked up 0.1 percent in June following a 0.4-percent increase in May, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli said that higher prices for energy and food were largely offset by price reductions for other categories. (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 increased 2.0 percent. The index for all items less food and energy rose 1.2 percent. (See table A and chart 1.) Price increases for shelter drove the 12-month change in both indexes. (See table 1.)

Food

Food prices edged up 0.2 percent in June, after inching up 0.1 percent in May. Prices for food at home rose 0.3 percent. Higher prices were recorded for 3 of the 6 grocery groups, led by nonalcoholic beverages (including carbonated drinks) and cereals and bakery products. Prices for food away from home increased 0.1 percent.

For the year ended in June 2018, the food index rose 2.4 percent, with prices 3.6 percent higher for food away from home and 1.5 percent higher for food at home.

Energy

Over the month, energy prices rose 1.9 percent, after increasing 4.6 percent in May. Following advances of 7.2 percent in May and 5.1 percent in April, gasoline prices increased 1.5 percent. Household energy prices rose 2.2 percent, with a 3.4-percent increase for electricity tempered by a 1.4-percent decrease for natural gas.

From June 2017 to June 2018, the energy index rose 12.3 percent. Gasoline price climbed 23.3 percent. Prices for household energy rose 5.2 percent, in part due to a 6.4-percent increase in natural gas prices and a 0.9-percent rise in electricity charges.

All items less food and energy

The index for all items less food and energy ticked down 0.1 percent, continuing a pattern of little change since a 0.4-percent increase in February. Shelter prices dipped 0.1 percent, due to a decline in lodging away from home. Residential rent was unchanged over the month. Apparel prices, often down in June, declined 5.1 percent. Lower prices were also reported for household furnishings and operations (-1.4 percent) and for motor vehicle insurance (-0.6 percent). These declines were partly offset by higher prices for recreation and other goods and services, each of which rose 1.3 percent.

Over the year, the index for all items less food and energy rose 1.2 percent. Shelter prices increased 2.1 percent, including a 2.5-percent rise in owners’ equivalent rent and a 1.8-percent increase in residential rent. Other goods and services (2.7 percent) and medical care (2.1 percent) were the only other categories with price increases exceeding 2.0 percent. In contrast, prices fell for apparel (-2.8 percent), for household furnishings and operations (-2.6 percent), and for education and communication (-0.4 percent).

Table A. New York-Newark-Jersey City CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month201320142015201620172018
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.52.20.91.90.1-0.50.20.80.62.50.41.4

February

0.62.4-0.21.10.30.10.20.60.32.60.51.7

March

0.11.90.41.30.2-0.10.20.70.02.30.01.7

April

-0.21.40.01.60.10.00.41.00.12.00.31.9

May

0.11.40.51.90.4-0.10.30.90.11.80.42.2

June

0.31.80.01.70.20.10.2(R)0.9(R)0.21.80.12.0

July

0.22.10.11.6-0.1-0.1-0.11.0-0.21.6

August

0.11.7-0.21.30.10.10.21.10.21.7

September

0.31.60.01.00.20.30.21.00.52.1

October

-0.61.1-0.21.3-0.10.40.11.2-0.21.8

November

0.11.2-0.40.8-0.20.60.21.6-0.11.6

December

0.01.5-0.50.3-0.40.70.12.10.11.6

Footnotes:
(R) = revised.

CPI-W

In June, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 269.348, up 0.1 percent over the month. The CPI-W rose 2.3 percent over the year.

The July 2018 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released Friday, August 10, 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 New York-Newark-Jersey City, N.Y.-N.J.-Pa., Core Based 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 GroupIndexesPercent change from-
April
2018
May
2018
June
2018
June
2017
April
2018
May
2018

Expenditure category

All items

272.950274.001274.1702.00.40.1

All items (1967=100)

789.060792.098792.589   

Food and beverages

265.504265.892266.6942.40.40.3

Food

265.777266.126266.7402.40.40.2

Food at home

255.712254.915255.6931.50.00.3

Cereals and bakery products

304.872299.737305.975 0.42.1

Meats, poultry, fish, and eggs

252.465249.946252.605 0.11.1

Dairy and related products

220.696221.840220.666 0.0-0.5

Fruits and vegetables

328.053328.729321.847 -1.9-2.1

Nonalcoholic beverages and beverage materials(1)

251.067243.716252.958 0.83.8

Other food at home

222.763227.023224.946 1.0-0.9

Food away from home

287.238289.241289.6373.60.80.1

Alcoholic beverages

257.265258.191261.5543.21.71.3

Housing

296.698297.999298.0992.00.50.0

Shelter

375.314375.974375.6502.10.1-0.1

Rent of primary residence(2)

387.142387.701387.5221.80.10.0

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

382.310382.808383.1042.50.20.1

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

381.837382.333382.6292.50.20.1

Fuels and utilities

195.264199.952204.4155.24.72.2

Household energy

187.432192.391196.6755.24.92.2

Energy services(2)

177.673183.784186.8262.55.21.7

Electricity(2)

180.823186.309192.7260.96.63.4

Utility (piped) gas service(2)

162.534169.258166.9086.42.7-1.4

Household furnishings and operations

108.719109.922108.371-2.6-0.3-1.4

Apparel

126.845128.388121.897-2.8-3.9-5.1

Transportation

221.455225.887226.4605.32.30.3

Private transportation

208.199212.265213.0666.92.30.4

New and used motor vehicles(4)

91.93691.55391.597 -0.40.0

New vehicles(1)

201.345200.867200.946 -0.20.0

Used cars and trucks(1)

268.043266.192267.577 -0.20.5

Motor fuel

223.490239.617243.14623.38.81.5

Gasoline (all types)

222.458238.543242.05223.38.81.5

Gasoline, unleaded regular(5)

221.689238.227241.62524.09.01.4

Gasoline, unleaded midgrade(5)(6)

228.560242.703247.67519.88.42.0

Gasoline, unleaded premium(5)

229.945242.850247.01518.47.41.7

Motor vehicle insurance(1)

744.334744.334740.009 -0.6-0.6

Medical care

486.757484.483485.0402.1-0.40.1

Recreation(4)

124.256122.232123.8240.4-0.31.3

Education and communication(4)

141.425141.160141.443-0.40.00.2

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

1,165.9311,166.1941,166.517 0.10.0

Other goods and services

427.507427.744433.2092.71.31.3

Commodity and service group

All items

272.950274.001274.1702.00.40.1

Commodities

191.125192.474192.2182.70.6-0.1

Commodities less food and beverages

145.758147.465146.7412.90.7-0.5

Nondurables less food and beverages

187.328190.758189.2545.01.0-0.8

Durables

93.44693.17393.343-1.3-0.10.2

Services

342.330343.230343.6991.80.40.1

Special aggregate indexes

All items less medical care

263.665264.860265.0132.10.50.1

All items less shelter

232.455233.694234.0832.10.70.2

Commodities less food

150.005151.698151.0933.00.7-0.4

Nondurables

228.173230.248229.7953.60.7-0.2

Nondurables less food

191.650194.951193.7104.91.1-0.6

Services less rent of shelter(3)

317.469318.659320.0281.50.80.4

Services less medical care services

330.311331.513331.9651.70.50.1

Energy

203.774213.077217.13012.36.61.9

All items less energy

281.577281.819281.6061.30.0-0.1

All items less food and energy

286.247286.474286.1321.20.0-0.1

Footnotes
(1) Indexes 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) Indexes on a December 1982=100 base.
(4) Indexes on a December 1997=100 base.
(5) Special index based on a substantially smaller sample.
(6) Indexes on a December 1993=100 base.

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

 

Last Modified Date: Thursday, July 12, 2018