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News Release Information

21-405-NEW
Wednesday, March 10, 2021

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Technical information:
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  • (646) 264-3620

Consumer Price Index, New York-Newark-Jersey City – February 2021

Area prices up 0.3 percent over the month and 1.4 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 February, following a 0.4-percent increase in January, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that energy prices drove the increase. (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 rose 1.4 percent. (See chart 1 and table A.) Food prices rose 3.7 percent, shelter prices, 0.7 percent, and energy prices, 4.0 percent. The index for all items less food and energy increased 0.9 percent. (See table 1.)

Food

The food index edged up 0.1 percent in February, after remaining flat in January. Prices for food away from home rose 0.3 percent. At-home food prices were unchanged. Among the six grocery indexes, declines in three indexes (fruits and vegetables; dairy and related products; and meats, poultry, fish, and eggs) were offset by increases in the remaining three indexes.  

Over the year, the food index was up 3.7 percent, with rising prices for both food away from home (4.9 percent) and for food at home (2.6 percent).

Energy

The energy index rose 4.5 percent in February, following a 3.7-percent increase in January. Gasoline prices were up 6.8 percent. Household energy prices rose 3.1 percent, with higher prices for electricity (2.7 percent) and natural gas (3.0 percent).

From February 2020 to February 2021, energy prices increased 4.0 percent, with a rise in electricity prices (8.6 percent) and in natural gas prices (7.7 percent), partially offset by a decline in gasoline prices (-0.2 percent).

All items less food and energy

The index for all items less food and energy inched up 0.1 percent in February, following a 0.3-percent increase in January. Shelter prices rose 0.2 percent, new and used motor vehicles increased 1.2 percent, and motor vehicle insurance rose 0.9 percent. Declines for apparel (-0.6 percent), recreation (-0.3 percent), and other goods and services (-0.4 percent) partially offset the increases.

For the year ended in February 2021, the index for all items less food and energy increased 0.9 percent—the smallest over-the-year increase since December 2010. Shelter prices rose 0.7 percent, with a 1.2-percent increase in owners’ equivalent rent. Residential rent rose 0.8 percent, the smallest over-the-year increase recorded since February 1958. Other increases included new and used motor vehicles (6.3 percent), household furnishings and operations (6.1 percent), and education and communication (1.9 percent).

Table A. New York-Newark-Jersey City, NY-NJ-PA, CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month20172018201920202021
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.62.50.41.40.51.60.82.50.41.2

February

0.32.60.51.70.21.30.22.40.31.4

March

0.02.30.01.70.31.6-0.22.0

April

0.12.00.31.90.31.6-0.51.1

May

0.11.80.42.20.21.50.51.4

June

0.21.80.12.00.31.70.11.3

July

-0.21.60.02.20.01.70.51.7

August

0.21.70.12.20.21.8-0.11.4

September

0.52.10.42.00.01.40.41.9

October

-0.21.8-0.12.00.01.5-0.21.7

November

-0.11.6-0.21.90.11.8-0.31.4

December

0.11.6-0.21.60.12.20.41.6

CPI-W

In February, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 280.994, up 0.4 percent over the month. The CPI-W rose 1.7 percent over the year.

The March 2021 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Tuesday, April 13, 2021, at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on February 2021 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in February was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed.

While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at

https://www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


Technical Note

The Consumer Price Index (CPI) is a measures 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 U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 6,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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, NY-NJ-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 individuals with sensory impairments 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-
Dec.
2020
Jan.
2021
Feb.
2021
Feb.
2020
Dec.
2020
Jan.
2021

Expenditure category

All items

284.350285.525286.4741.40.70.3

All items (1967=100)

822.015825.413828.156   

Food and beverages

283.888283.663284.1173.70.10.2

Food

283.892283.787284.1733.70.10.1

Food at home

268.160267.564267.5002.6-0.20.0

Cereals and bakery products

312.008305.978309.9181.9-0.71.3

Meats, poultry, fish, and eggs

263.533263.792262.3881.9-0.4-0.5

Dairy and related products

239.769242.657238.0893.9-0.7-1.9

Fruits and vegetables

346.208343.461339.8752.2-1.8-1.0

Nonalcoholic beverages and beverage materials(1)

264.311262.536269.6234.62.02.7

Other food at home

233.564234.763235.3092.80.70.2

Food away from home

313.944314.528315.5614.90.50.3

Alcoholic beverages

279.033277.184278.5583.4-0.20.5

Housing

309.952310.692311.9741.60.70.4

Shelter

392.874392.787393.6480.70.20.2

Rent of primary residence

410.110409.744409.5590.8-0.10.0

Owners' equivalent rent of residences(2)

402.036402.401402.6981.20.20.1

Owners' equivalent rent of primary residence(2)

401.538401.903402.2001.20.20.1

Fuels and utilities

199.732202.932208.4076.54.32.7

Household energy

189.054192.568198.6286.85.13.1

Energy services

185.024187.782193.0048.34.32.8

Electricity

187.346189.182194.2258.63.72.7

Utility (piped) gas service

167.567171.990177.2117.75.83.0

Household furnishings and operations

113.575115.465115.5546.11.70.1

Apparel

113.195127.102126.288-0.811.6-0.6

Transportation

215.559218.246221.064-0.32.61.3

Private transportation

206.238209.138213.6082.83.62.1

New and used motor vehicles(3)

95.11994.68695.7836.30.71.2

New vehicles(1)

208.742210.395211.0411.81.10.3

Used cars and trucks(1)

291.581288.705289.5428.8-0.70.3

Motor fuel

181.789194.216207.391-0.314.16.8

Gasoline (all types)

180.864193.362206.574-0.214.26.8

Gasoline, unleaded regular(4)

178.335191.300204.726-0.214.87.0

Gasoline, unleaded midgrade(4)(5)

196.519205.444217.639-0.610.75.9

Gasoline, unleaded premium(4)

201.334210.453222.091-0.110.35.5

Motor vehicle insurance(1)

745.257755.633762.383-3.62.30.9

Medical care

536.246534.632535.3851.0-0.20.1

Recreation(3)

133.042130.375130.0260.5-2.3-0.3

Education and communication(3)

149.973150.705150.8121.90.60.1

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

1,271.1761,272.3871,272.3871.30.10.0

Other goods and services

448.673437.829435.976-1.2-2.8-0.4

Commodity and service group

All items

284.350285.525286.4741.40.70.3

Commodities

191.140194.743195.8622.02.50.6

Commodities less food and beverages

137.435142.543143.8920.64.70.9

Nondurables less food and beverages

169.643179.311181.498-0.97.01.2

Durables

94.70995.22895.6933.21.00.5

Services

362.182361.575362.4241.10.10.2

Special aggregate indexes

All items less medical care

273.426274.717275.6721.40.80.3

All items less shelter

241.280242.956243.9401.81.10.4

Commodities less food

142.536147.467148.8250.84.40.9

Nondurables

227.376232.418233.8021.72.80.6

Nondurables less food

176.162185.172187.313-0.56.31.2

Services less rent of shelter(2)

340.205339.053339.9041.6-0.10.3

Services less medical care services

346.997346.359347.1791.00.10.2

Energy

189.109196.015204.8304.08.34.5

All items less energy

295.428296.139296.4421.20.30.1

All items less food and energy

299.496300.345300.6370.90.40.1

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, March 10, 2021