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News Release Information

19-55-NEW
Friday, January 11, 2019

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

Area prices down 0.2 percent over the month and up 1.6 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), edged down 0.2 percent for the second consecutive month in December, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the downturn to lower 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 increased 1.6 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 rose 0.2 percent in December, after a 0.1-percent dip in November. Prices for food at home increased 0.2 percent, with higher prices in three of the six grocery groups. Among the grocery items with higher prices were lettuce, tomatoes, frozen fruits and vegetables, and pork chops. Prices for food away from home also rose 0.2 percent, after no change in the previous month.

Over the year, the food index rose 2.2 percent. Food-away-from-home prices were 2.7 percent higher, and food-at-home prices were 1.8 percent higher.

Energy

The energy index declined 2.8 percent for the second consecutive month. Gasoline prices fell 6.7 percent, after a 4.4-percent drop during the previous month. Household energy prices were unchanged with price declines for electricity (0.5 percent) and for fuel oil and other fuels offsetting a 5.6-percent price increase for natural gas.

For the year ended in December 2018, the energy index increased 1.0 percent. Gasoline prices were up 1.3 percent, and household energy prices, 0.8 percent. Within household energy, natural gas prices were 7.7 percent higher, while electricity prices were 3.1 percent lower.

All items less food and energy

The index for all items less food and energy dipped 0.1 percent, after remaining unchanged for the two previous months. A seasonal decline in apparel prices (-3.6 percent), as well as decreases in airline fares and education and communication (-0.1 percent), including delivery services, contributed to the downturn.

From December 2017 to December 2018, the index for all items less food and energy rose 1.5 percent. Shelter prices rose 2.0 percent, including a 2.5-percent rise in owners’ equivalent rent and a 2.0-percent increase in residential rent. Other expenditure categories posting increases of at least 2.0 percent included motor vehicle insurance (4.4 percent), medical care (3.3 percent), other goods and services (2.9 percent), and tuition, other school fees, and childcare (2.7 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

0.11.2-0.40.8-0.20.60.21.6-0.11.6-0.21.9

December

0.01.5-0.50.3-0.40.70.12.10.11.6-0.21.6

Footnotes:
(R) = revised.

CPI-W

In December, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 268.369, down 0.3 percent over the month. The CPI-W rose 1.5 percent over the year.

The January 2019 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Wednesday, February 13, 2019, 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-
Oct.
2018
Nov.
2018
Dec.
2018
Dec.
2017
Oct.
2018
Nov.
2018

Expenditure category

All items

275.101274.478273.8361.6-0.5-0.2

All items (1967=100)

795.280793.479791.621   

Food and beverages

268.054267.789268.4132.30.10.2

Food

267.978267.775268.3812.20.20.2

Food at home

257.363256.920257.4671.80.00.2

Cereals and bakery products

296.814297.196299.4502.60.90.8

Meats, poultry, fish, and eggs

254.372254.660254.9750.10.20.1

Dairy and related products

228.127226.092224.5730.4-1.6-0.7

Fruits and vegetables

327.795332.100336.8304.42.81.4

Nonalcoholic beverages and beverage materials(1)

252.442248.387246.3900.9-2.4-0.8

Other food at home

227.388225.480225.1451.9-1.0-0.1

Food away from home

290.286290.423291.1302.70.30.2

Alcoholic beverages

264.580263.475264.3263.4-0.10.3

Housing

299.024298.697299.2491.80.10.2

Shelter

378.368378.954379.5462.00.30.2

Rent of primary residence

391.085392.388392.9992.00.50.2

Owners' equivalent rent of residences(2)

386.618387.794388.3562.50.40.1

Owners' equivalent rent of primary residence(2)

386.139387.314387.8752.50.40.1

Fuels and utilities

196.518193.428193.7711.3-1.40.2

Household energy

188.009184.917184.8520.8-1.70.0

Energy services

175.830173.185176.3120.90.31.8

Electricity

182.879172.410171.536-3.1-6.2-0.5

Utility (piped) gas service

154.772164.370173.4987.712.15.6

Household furnishings and operations

109.369107.772108.3680.3-0.90.6

Apparel

129.684121.875117.528-0.5-9.4-3.6

Transportation

223.267221.386216.1860.4-3.2-2.3

Private transportation

210.526207.861204.1370.7-3.0-1.8

New and used motor vehicles(3)

89.11789.14589.426-2.70.30.3

New vehicles(1)

202.076202.727201.708-0.9-0.2-0.5

Used cars and trucks(1)

261.472264.798264.3601.21.1-0.2

Motor fuel

236.304225.903210.9151.3-10.7-6.6

Gasoline (all types)

235.198224.810209.8601.3-10.8-6.7

Gasoline, unleaded regular(4)

234.450223.756208.4051.2-11.1-6.9

Gasoline, unleaded midgrade(4)(5)

242.481233.920220.9412.0-8.9-5.5

Gasoline, unleaded premium(4)

242.405234.106222.0121.9-8.4-5.2

Motor vehicle insurance(1)

757.522756.979756.9934.4-0.10.0

Medical care

494.226496.557497.0553.30.60.1

Recreation(3)

121.709123.800124.2790.42.10.4

Education and communication(3)

142.845142.920142.7260.4-0.1-0.1

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

1,190.7561,195.6541,197.8482.70.60.2

Other goods and services

430.881430.765432.5112.90.40.4

Commodity and service group

All items

275.101274.478273.8361.6-0.5-0.2

Commodities

193.314190.751188.5860.9-2.4-1.1

Commodities less food and beverages

147.651144.192140.883-0.2-4.6-2.3

Nondurables less food and beverages

191.513185.396179.128-0.1-6.5-3.4

Durables

92.72492.35392.459-0.4-0.30.1

Services

344.563345.233345.5961.80.30.1

Special aggregate indexes

All items less medical care

265.586264.835264.1431.4-0.5-0.3

All items less shelter

234.245233.082231.8881.3-1.0-0.5

Commodities less food

152.073148.664145.4610.0-4.3-2.2

Nondurables

231.681228.181225.0141.2-2.9-1.4

Nondurables less food

196.016190.158184.2630.2-6.0-3.1

Services less rent of shelter(2)

318.839319.628319.7461.60.30.0

Services less medical care services

332.007332.629332.9331.60.30.1

Energy

209.046203.113197.3301.0-5.6-2.8

All items less energy

283.435283.332283.1941.6-0.10.0

All items less food and energy

288.066287.979287.7241.5-0.1-0.1

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: Friday, January 11, 2019