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News Release Information

22-1483-NEW
Wednesday, July 13, 2022

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

Consumer Price Index, New York-Newark-Jersey City — June 2022

Area prices up 1.4 percent over the month and 6.7 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 1.4 percent in June, following a 0.5-percent increase in May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley attributed the June advance to higher prices for energy and other non-food items. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U rose 6.7 percent, while the index for all items less food and energy increased 4.1 percent. (See chart 1 and table A.) Led by higher prices for gasoline, energy prices climbed 39.2 percent. Food prices rose 9.1 percent. (See table 1.)

Food

Food prices increased 0.3 percent in June, following a 0.7-percent increase in May. Prices for food away from home advanced 0.8 percent, while prices for food at home were flat. Lower prices for fruits and vegetables, as well as for meats, poultry, fish, and eggs, offset increases among the four other grocery categories. Groceries with higher June prices included ice cream and related products, bread, rice, pasta, cornmeal, and tomatoes.

For the year ended in June 2022, food prices rose 9.1 percent. At-home food prices increased 10.1 percent, and away-from-home food prices advanced 7.5 percent.

Energy

The energy index increased 4.1 percent in June, following an 8.5-percent rise in May. Gasoline prices rose 6.3 percent in June. Household energy prices increased 2.3 percent, reflecting, in part, price increases of 2.7 percent for electricity and 4.3 percent for natural gas.

Over the year, energy prices climbed 39.2 percent, led by a 60.2-percent jump in gasoline prices. The 12-month percent change was the largest for both series since April 1980. Household energy prices increased 24.7 percent, with natural gas prices rising 29.9 percent and electricity prices increasing 11.8 percent.

All items less food and energy

The index for all items less food and energy increased 1.4 percent in June. An 11.6-percent jump in prices for new and used motor vehicles was led by higher prices for leased cars and trucks. Shelter prices increased 0.5 percent, with residential rent and owners’ equivalent rent each advancing 0.5 percent. Medical care prices increased 1.9 percent.

Over the year, the index for all items less food and energy increased 4.1 percent. Higher prices for new vehicles (16.4 percent) and for used cars and trucks (8.0 percent) contributed, in part, to a 12.2-percent increase in prices for new and used motor vehicles. Shelter prices were up 2.1 percent; owners’ equivalent rent rose 3.1 percent, and residential rent increased 2.3 percent. Medical care prices rose 6.8 percent, the largest 12-month advance since October 1992.

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
Month20182019202020212022
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.41.40.51.60.82.50.41.21.15.1

February

0.51.70.21.30.22.40.31.40.35.1

March

0.01.70.31.6-0.22.00.42.01.36.1

April

0.31.90.31.6-0.51.10.73.20.96.3

May

0.42.20.21.50.51.40.53.20.56.3

June

0.12.00.31.70.11.31.04.11.46.7

July

0.02.20.01.70.51.7-0.13.5

August

0.12.20.21.8-0.11.40.13.7

September

0.42.00.01.40.41.90.53.8

October

-0.12.00.01.5-0.21.70.34.3

November

-0.21.90.11.8-0.31.40.35.0

December

-0.21.60.12.20.41.6-0.24.4

The July 2022 Consumer Price Index for the New York-Newark-Jersey City area is scheduled to be released on Wednesday, August 10, 2022 at 8:30 a.m. (ET).


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; Telecommunications Relay Service: 7-1-1.

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-
April
2022
May
2022
June
2022
June
2021
April
2022
May
2022

Expenditure category

All items

307.781309.243313.5896.71.91.4

All items (1967=100)

889.753893.978906.542   

Food and beverages

311.345313.714314.6838.91.10.3

Food

312.658314.914315.9489.11.10.3

Food at home

298.825301.121301.16910.10.80.0

Cereals and bakery products

344.547344.468354.08016.02.82.8

Meats, poultry, fish, and eggs

310.064315.452314.70010.01.5-0.2

Dairy and related products

259.163257.739262.0378.31.11.7

Fruits and vegetables

371.918369.151354.7234.6-4.6-3.9

Nonalcoholic beverages and beverage materials(1)

286.533292.951299.11212.04.42.1

Other food at home

261.032264.597265.84011.81.80.5

Food away from home

339.119341.316344.1167.51.50.8

Alcoholic beverages

287.923291.908291.9195.11.40.0

Housing

325.428327.419329.5074.21.30.6

Shelter

404.237405.410407.2362.10.70.5

Rent of primary residence

414.401415.565417.7922.30.80.5

Owners' equivalent rent of residences(2)

413.477414.705416.8273.10.80.5

Owners' equivalent rent of primary residence(2)

412.965414.192416.3113.10.80.5

Fuels and utilities

238.903250.155255.74921.87.12.2

Household energy

231.031243.299248.97124.77.82.3

Energy services

211.740219.794226.84817.37.13.2

Electricity

208.589214.488220.20811.85.62.7

Utility (piped) gas service

203.460215.289224.54129.910.44.3

Household furnishings and operations

127.324126.427127.1636.9-0.10.6

Apparel

127.341132.492129.6093.91.8-2.2

Transportation

270.029269.939287.23716.36.46.4

Private transportation

268.103266.264286.53519.26.97.6

New and used motor vehicles(3)

121.113113.437126.61812.24.511.6

New vehicles(1)

245.205247.817250.23816.42.11.0

Used cars and trucks(1)

401.553405.064414.3518.03.22.3

Motor fuel

328.344369.870392.90460.419.76.2

Gasoline (all types)

326.948368.128391.29760.219.76.3

Gasoline, unleaded regular(4)

326.734368.637391.12060.719.76.1

Gasoline, unleaded midgrade(4)(5)

334.962372.647398.84257.819.17.0

Gasoline, unleaded premium(4)

331.517368.403396.44857.019.67.6

Medical care

561.104560.619571.1136.81.81.9

Recreation(3)

141.036140.927141.2315.10.10.2

Education and communication(3)

155.131155.119155.0512.0-0.10.0

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

1,304.0261,306.5471,307.0132.20.20.0

Other goods and services

472.350468.287474.3225.20.41.3

Commodity and service group

All items

307.781309.243313.5896.71.91.4

Commodities

221.803226.222227.81212.12.70.7

Commodities less food and beverages

167.452172.350174.06414.63.91.0

Nondurables less food and beverages

212.172223.193225.99920.06.51.3

Durables

112.132112.328113.0698.70.80.7

Services

380.500379.299386.0504.31.51.8

Special aggregate indexes

All items less medical care

296.762298.292302.3846.71.91.4

All items less shelter

269.430270.999276.3109.62.62.0

Commodities less food

172.148177.069178.75514.13.81.0

Nondurables

263.145270.046271.98313.43.40.7

Nondurables less food

216.797227.430230.08118.86.11.2

Services less rent of shelter(2)

366.603362.670375.2627.22.43.5

Services less medical care services

364.242363.005369.3214.01.41.7

Energy

270.704293.717305.73239.212.94.1

All items less energy

314.315314.028317.7954.81.11.2

All items less food and energy

316.879316.140320.4184.11.11.4

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, July 13, 2022