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News Release Information

19-273-NEW
Wednesday, February 13, 2019

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

Consumer Price Index, New York-Newark-Jersey City – January 2019

Area prices up 0.5 percent over the month and 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), rose 0.5 percent in January, following three consecutive declines, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the upturn to higher prices for food, apparel, and housing. (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 also rose 1.6 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 increased 0.6 percent, after edging up 0.2 percent in December. Prices for food at home advanced 0.7 percent, with higher prices in four of the six grocery groups. Carbonated drinks and candy and chewing gum were among the grocery items with higher prices in January. Prices for food away from home rose 0.4 percent.

Over the year, the food index increased 2.5 percent. Prices rose 2.8 percent for food-away-from-home and 2.2 percent for food-at-home.

Energy

The energy index dipped 0.1 percent, after declining 2.8 percent in each of the two prior months. Gasoline prices dropped 5.5 percent, after falling 6.7 percent in December and 4.4 percent in November. On the other hand, household energy prices rose 3.7 percent, with charges increasing 4.8 percent for electricity and 3.3 percent for natural gas.

From January 2018 to January 2019, the energy index inched up 0.1 percent. A 4.8-percent rise in household energy prices was largely offset by a 6.6-percent decline in gasoline prices. Within household energy, natural gas prices advanced 18.9 percent while electricity prices ticked up 0.1 percent.

All items less food and energy

The index for all items less food and energy increased 0.5 percent, the largest rise in almost three years.  Prices for apparel rose 3.4 percent, and prices for household furnishings and operations jumped 3.0 percent, the largest increase recorded since February 1991. Shelter prices rose 0.2 percent, with higher prices for residential rent (0.3 percent) and for lodging away from home. Price increases of 0.9 percent for medical care and 0.7 percent for new and used motor vehicles also contributed to the rise.

For the year ending in January 2019, the index for all items less food and energy advanced 1.6 percent. Shelter prices rose 1.9 percent, including a 2.2-percent rise in residential rent and a 2.1-percent increase in owners’ equivalent rent. Other expenditure categories posting increases of at least 2.0 percent included medical care (3.7 percent); tuition, other school fees, and childcare (3.0 percent); and other goods and services (2.4 percent). In contrast, household furnishings and operations were down 3.5 percent.

Table A. New York-Newark-Jersey City CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month201420152016201720182019
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.91.90.1-0.50.20.80.62.50.41.40.51.6

February

-0.21.10.30.10.20.60.32.60.51.7

March

0.41.30.2-0.10.20.70.02.30.01.7

April

0.01.60.10.00.41.00.12.00.31.9

May

0.51.90.4-0.10.30.90.11.80.42.2

June

0.01.70.20.10.2(R)0.9(R)0.21.80.12.0

July

0.11.6-0.1-0.1-0.11.0-0.21.60.02.2

August

-0.21.30.10.10.21.10.21.70.12.2

September

0.01.00.20.30.21.00.52.10.42.0

October

-0.21.3-0.10.40.11.2-0.21.8-0.12.0

November

-0.40.8-0.20.60.21.6-0.11.6-0.21.9

December

-0.50.3-0.40.70.12.10.11.6-0.21.6

Footnotes:
(R) = revised.

CPI-W

In January, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 269.659, up 0.5 percent over the month. The CPI-W rose 1.5 percent over the year.

The February 2019 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Tuesday, March 12, 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-
Nov.
2018
Dec.
2018
Jan.
2019
Jan.
2018
Nov.
2018
Dec.
2018

Expenditure category

All items

274.478273.836275.1441.60.20.5

All items (1967=100)

793.479791.621795.404   

Food and beverages

267.789268.413269.8002.50.80.5

Food

267.775268.381269.8652.50.80.6

Food at home

256.920257.467259.2882.20.90.7

Cereals and bakery products

297.196299.450298.4721.90.4-0.3

Meats, poultry, fish, and eggs

254.660254.975252.938-0.1-0.7-0.8

Dairy and related products

226.092224.573228.3191.81.01.7

Fruits and vegetables

332.100336.830337.4973.71.60.2

Nonalcoholic beverages and beverage materials(1)

248.387246.390258.4663.54.14.9

Other food at home

225.480225.145226.6633.10.50.7

Food away from home

290.423291.130292.1682.80.60.4

Alcoholic beverages

263.475264.326264.3643.30.30.0

Housing

298.697299.249301.1402.30.80.6

Shelter

378.954379.546380.1881.90.30.2

Rent of primary residence

392.388392.999394.0412.20.40.3

Owners' equivalent rent of residences(2)

387.794388.356388.4422.10.20.0

Owners' equivalent rent of primary residence(2)

387.314387.875387.9612.10.20.0

Fuels and utilities

193.428193.771200.0214.73.43.2

Household energy

184.917184.852191.7194.83.73.7

Energy services

173.185176.312183.7676.76.14.2

Electricity

172.410171.536179.7870.14.34.8

Utility (piped) gas service

164.370173.498179.29218.99.13.3

Household furnishings and operations

107.772108.368111.6673.53.63.0

Apparel

121.875117.528121.501-2.2-0.33.4

Transportation

221.386216.186214.294-1.4-3.2-0.9

Private transportation

207.861204.137201.636-1.7-3.0-1.2

New and used motor vehicles(3)

89.14589.42690.020-1.81.00.7

New vehicles(1)

202.727201.708203.109-0.20.20.7

Used cars and trucks(1)

264.798264.360266.2251.70.50.7

Motor fuel

225.903210.915199.239-6.5-11.8-5.5

Gasoline (all types)

224.810209.860198.224-6.6-11.8-5.5

Gasoline, unleaded regular(4)

223.756208.405196.469-7.0-12.2-5.7

Gasoline, unleaded midgrade(4)(5)

233.920220.941210.273-4.4-10.1-4.8

Gasoline, unleaded premium(4)

234.106222.012212.662-3.6-9.2-4.2

Motor vehicle insurance(1)

756.979756.993757.9261.80.10.1

Medical care

496.557497.055501.3963.71.00.9

Recreation(3)

123.800124.279124.605-0.20.70.3

Education and communication(3)

142.920142.726143.3310.90.30.4

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

1,195.6541,197.8481,200.4303.00.40.2

Other goods and services

430.765432.511432.5222.40.40.0

Commodity and service group

All items

274.478273.836275.1441.60.20.5

Commodities

190.751188.586189.5720.4-0.60.5

Commodities less food and beverages

144.192140.883141.627-1.4-1.80.5

Nondurables less food and beverages

185.396179.128178.573-2.7-3.7-0.3

Durables

92.35392.45994.6051.42.42.3

Services

345.233345.596347.1912.10.60.5

Special aggregate indexes

All items less medical care

264.835264.143265.3211.40.20.4

All items less shelter

233.082231.888233.5101.40.20.7

Commodities less food

148.664145.461146.188-1.2-1.70.5

Nondurables

228.181225.014225.3600.2-1.20.2

Nondurables less food

190.158184.263183.739-2.3-3.4-0.3

Services less rent of shelter(2)

319.628319.746322.4472.30.90.8

Services less medical care services

332.629332.933334.1861.80.50.4

Energy

203.113197.330197.1870.1-2.9-0.1

All items less energy

283.332283.194284.6541.70.50.5

All items less food and energy

287.979287.724289.1921.60.40.5

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, February 13, 2019