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

18-1834-NEW
Wednesday, November 14, 2018

Contacts

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

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

Area prices down 0.1 percent over the month and up 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 down 0.1 percent in October, after advancing 0.4 percent in September, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the downturn to lower prices for energy and food. (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 advanced 1.5 percent. (See table A and chart 1.) Price increases for shelter drove the 12-month change in both indexes. (See table 1.)

Food

The food index dropped 0.5 percent in October—the largest decrease in over two years—primarily due to lower prices for food at home (-0.8 percent). Prices declined in four of the six food categories, with flour and prepared flour mixes and apples among the grocery items with lower prices. Prices for food away from home dipped 0.1 percent, after rising 0.3 percent in September.

Over the year, the food index rose 2.2 percent. Food-away-from-home prices were 2.9 percent higher, and food-at-home prices were 1.6 percent higher.

Energy

Over the month, energy prices declined 1.1 percent, following no change in September. Within household energy, prices for electricity dropped 2.8 percent on a seasonal decline. Prices for natural gas dropped 2.4 percent, marking a third consecutive monthly decline. Gasoline prices, on the other hand, were unchanged.

For the year ended in October 2018, the energy index increased 9.4 percent. Gasoline prices were up 12.6 percent, and household energy prices, 6.9 percent. Electricity prices were 4.9 percent higher, and natural gas prices were 4.0 percent higher.

All items less food and energy

The index for all items less food and energy was unchanged in October. Shelter prices were flat. Within shelter, price declines for lodging away from home counterbalanced price increases for residential rent (0.4 percent) and owners’ equivalent rent (0.3 percent). Price declines for apparel (-1.7 percent), recreation (-0.8), and education and communication (-0.5 percent) were offset by increases in household furnishings and operations (0.9 percent), medical care (0.5), and car and truck rentals.

From October 2017 to October 2018, the index for all items less food and energy rose 1.5 percent. Medical care prices increased 3.0 percent. Shelter prices rose 2.0 percent, including a 2.3-percent rise in owners’ equivalent rent and a 1.8-percent increase in residential rent. One other category was up by at least 1.0 percent—other goods and services (1.6 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

0.22.10.11.6-0.1-0.1-0.11.0-0.21.60.02.2

August

0.11.7-0.21.30.10.10.21.10.21.70.12.2

September

0.31.60.01.00.20.30.21.00.52.10.42.0

October

-0.61.1-0.21.3-0.10.40.11.2-0.21.8-0.12.0

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 October, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 269.879, down 0.2 percent over the month. The CPI-W rose 2.0 percent over the year.

The November 2018 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Wednesday, December 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 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-
Aug.
2018
Sept.
2018
Oct.
2018
Oct.
2017
Aug.
2018
Sept.
2018

Expenditure category

All items

274.441275.455275.1012.00.2-0.1

All items (1967=100)

793.370796.303795.280   

Food and beverages

267.351269.321268.0542.20.3-0.5

Food

267.423269.323267.9782.20.2-0.5

Food at home

256.820259.499257.3631.60.2-0.8

Cereals and bakery products

304.336308.903296.814 -2.5-3.9

Meats, poultry, fish, and eggs

253.685253.060254.372 0.30.5

Dairy and related products

224.308225.880228.127 1.71.0

Fruits and vegetables

325.772329.982327.795 0.6-0.7

Nonalcoholic beverages and beverage materials(1)

249.937254.493252.442 1.0-0.8

Other food at home

226.603230.264227.388 0.3-1.2

Food away from home

289.699290.532290.2862.90.2-0.1

Alcoholic beverages

261.847264.753264.5802.81.0-0.1

Housing

298.629299.187299.0242.30.1-0.1

Shelter

377.549378.195378.3682.00.20.0

Rent of primary residence

390.007389.528391.0851.80.30.4

Owners' equivalent rent of residences(2)

385.278385.570386.6182.30.30.3

Owners' equivalent rent of primary residence(2)

384.801385.092386.1392.30.30.3

Fuels and utilities

199.521199.839196.5186.5-1.5-1.7

Household energy

191.280191.627188.0096.9-1.7-1.9

Energy services

180.764180.701175.8304.4-2.7-2.7

Electricity

185.081188.233182.8794.9-1.2-2.8

Utility (piped) gas service

163.643158.616154.7724.0-5.4-2.4

Household furnishings and operations

107.994108.445109.3690.51.30.9

Apparel

127.486131.878129.684-0.91.7-1.7

Transportation

223.356222.138223.2673.70.00.5

Private transportation

211.863210.363210.5264.5-0.60.1

New and used motor vehicles(3)

91.93489.50489.117 -3.1-0.4

New vehicles(1)

199.778200.860202.076 1.20.6

Used cars and trucks(1)

271.128259.428261.472 -3.60.8

Motor fuel

237.097236.359236.30412.6-0.30.0

Gasoline (all types)

236.021235.281235.19812.6-0.30.0

Gasoline, unleaded regular(4)

235.409234.643234.45012.9-0.4-0.1

Gasoline, unleaded midgrade(4)(5)

242.456242.175242.48111.10.00.1

Gasoline, unleaded premium(4)

242.278241.653242.40510.30.10.3

Motor vehicle insurance(1)

739.734749.008757.522 2.41.1

Medical care

484.875491.881494.2263.01.90.5

Recreation(3)

122.693122.709121.7090.0-0.8-0.8

Education and communication(3)

142.861143.590142.8450.40.0-0.5

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

1,191.9121,196.6321,190.756 -0.1-0.5

Other goods and services

431.587432.152430.8811.6-0.2-0.3

Commodity and service group

All items

274.441275.455275.1012.00.2-0.1

Commodities

192.509193.490193.3142.40.4-0.1

Commodities less food and beverages

146.847147.318147.6512.60.50.2

Nondurables less food and beverages

190.418191.625191.5133.70.6-0.1

Durables

92.27691.91392.724-0.10.50.9

Services

343.969345.056344.5632.00.2-0.1

Special aggregate indexes

All items less medical care

265.302266.057265.5862.00.1-0.2

All items less shelter

233.643234.836234.2452.10.3-0.3

Commodities less food

151.206151.753152.0732.60.60.2

Nondurables

230.746232.339231.6812.90.4-0.3

Nondurables less food

194.829196.132196.0163.60.6-0.1

Services less rent of shelter(2)

318.480320.090318.8391.90.1-0.4

Services less medical care services

332.156332.635332.0071.80.0-0.2

Energy

211.412211.348209.0469.4-1.1-1.1

All items less energy

282.470283.598283.4351.60.3-0.1

All items less food and energy

287.031288.048288.0661.50.40.0

Footnotes
(1) Indexes on a December 1977=100 base.
(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.

 

Last Modified Date: Wednesday, November 14, 2018