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News Release Information

19-642-NEW
Wednesday, April 10, 2019

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

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

Area prices up 0.3 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 0.3 percent in March, following a 0.2-percent increase in February, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the rise to higher prices for energy and shelter. (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 rose 1.7 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 0.3 percent, after edging up 0.1 percent in February. Prices for food at home rose 0.3 percent, with price increases in five of the six grocery groups. Groceries with higher prices in March included lettuce and bacon, breakfast sausage, and related products. Prices for food away from home increased 0.2 percent.

For the year ending in March 2019, the food index rose 2.6 percent. Food-away-from-home prices advanced 2.9 percent, and food-at-home prices increased 2.4 percent.

Energy

The energy index increased 2.7 percent, after declining in 2.2 percent in February. Gasoline prices jumped 6.0 percent, the first increase since June of last year. Higher prices for electricity (2.8 percent), partially offset by a decline in natural gas (-3.2 percent), led to a 0.6-percent increase in household energy prices.   

Over the year, the energy index was down 1.4 percent. A 2.5-percent decline in electricity prices, partially offset by a 2.5-percent rise in natural gas prices, contributed to a 1.0-percent decline in household energy prices. Gasoline prices decreased 1.9 percent.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent, after rising 0.5 percent in each of the first two months of the year. Shelter prices rose 0.2 percent, with increases in residential rent (0.3 percent), owners’ equivalent rent (0.1 percent), and lodging away from home. Higher prices were also reported for used cars and trucks (0.9 percent), medical care (0.5 percent), and education and communication (0.3 percent). Price declines in apparel (-1.9 percent), household furnishings and operations (-0.7 percent), and recreation (-0.6 percent) largely offset these increases.

From March 2018 to March 2019, the index for all items less food and energy increased 1.7 percent. A 2.0-percent rise in shelter prices included increases of 2.5 percent for residential rent and 2.2 percent for owners’ equivalent rent. Other expenditure categories posting increases of at least 2.0 percent included medical care (3.8 percent), tuition, other school fees, and childcare (3.3 percent), alcoholic beverages (2.9 percent), and motor vehicle insurance (2.6 percent). In contrast, prices were down 3.1 percent for apparel.

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

-0.21.10.30.10.20.60.32.60.51.70.21.3

March

0.41.30.2-0.10.20.70.02.30.01.70.31.6

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 March, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 271.123, up 0.3 percent over the month. The CPI-W rose 1.5 percent over the year.

The April 2019 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Friday, May 10, 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-
Jan.
2019
Feb.
2019
March
2019
March
2018
Jan.
2019
Feb.
2019

Expenditure category

All items

275.144275.823276.5701.60.50.3

All items (1967=100)

795.404797.367799.526   

Food and beverages

269.800269.907270.6362.70.30.3

Food

269.865270.046270.7562.60.30.3

Food at home

259.288258.689259.5462.40.10.3

Cereals and bakery products

298.472305.249306.9812.32.90.6

Meats, poultry, fish, and eggs

252.938251.255254.4540.40.61.3

Dairy and related products

228.319224.142225.6491.9-1.20.7

Fruits and vegetables

337.497333.452334.3425.2-0.90.3

Nonalcoholic beverages and beverage materials(1)

258.466256.656248.6160.0-3.8-3.1

Other food at home

226.663228.020230.4124.01.71.0

Food away from home

292.168293.474293.9932.90.60.2

Alcoholic beverages

264.364263.448264.4152.90.00.4

Housing

301.140301.233301.7911.80.20.2

Shelter

380.188381.584382.4142.00.60.2

Rent of primary residence

394.041395.438396.7542.50.70.3

Owners' equivalent rent of residences(2)

388.442388.611388.9622.20.10.1

Owners' equivalent rent of primary residence(2)

387.961388.130388.4812.20.10.1

Fuels and utilities

200.021195.193196.239-0.4-1.90.5

Household energy

191.719186.384187.523-1.0-2.20.6

Energy services

183.767177.937178.718-0.7-2.70.4

Electricity

179.787173.987178.798-2.5-0.62.8

Utility (piped) gas service

179.292173.755168.2622.5-6.2-3.2

Household furnishings and operations

111.667110.693109.9611.5-1.5-0.7

Apparel

121.501127.683125.298-3.13.1-1.9

Transportation

214.294215.269218.283-0.11.91.4

Private transportation

201.636202.076205.715-0.12.01.8

New and used motor vehicles(3)

90.02091.09991.127-1.71.20.0

New vehicles(1)

203.109204.632204.1231.40.5-0.2

Used cars and trucks(1)

266.225267.583269.9560.31.40.9

Motor fuel

199.239196.935208.752-1.94.86.0

Gasoline (all types)

198.224195.926207.720-1.94.86.0

Gasoline, unleaded regular(4)

196.469194.232206.468-2.05.16.3

Gasoline, unleaded midgrade(4)(5)

210.273207.486216.774-1.33.14.5

Gasoline, unleaded premium(4)

212.662209.920218.523-1.02.84.1

Motor vehicle insurance(1)

757.926762.731763.1452.60.70.1

Medical care

501.396501.561504.0673.80.50.5

Recreation(3)

124.605125.201124.4990.8-0.1-0.6

Education and communication(3)

143.331143.119143.6121.50.20.3

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

1,200.4301,204.9541,204.2823.30.3-0.1

Other goods and services

432.522435.245434.9641.90.6-0.1

Commodity and service group

All items

275.144275.823276.5701.60.50.3

Commodities

189.572189.976190.9140.50.70.5

Commodities less food and beverages

141.627142.143143.120-1.31.10.7

Nondurables less food and beverages

178.573180.271182.224-1.92.01.1

Durables

94.60593.79393.649-0.1-1.0-0.2

Services

347.191348.090348.7442.00.40.2

Special aggregate indexes

All items less medical care

265.321266.022266.6921.40.50.3

All items less shelter

233.510233.886234.6081.30.50.3

Commodities less food

146.188146.664147.646-1.11.00.7

Nondurables

225.360226.347227.7680.61.10.6

Nondurables less food

183.739185.298187.203-1.61.91.0

Services less rent of shelter(2)

322.447322.814323.2872.00.30.1

Services less medical care services

334.186335.097335.5841.70.40.1

Energy

197.187192.940198.185-1.40.52.7

All items less energy

284.654285.825286.1321.80.50.1

All items less food and energy

289.192290.525290.7721.70.50.1

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: Wednesday, April 10, 2019