News Release Information

17-614-NEW
Friday, May 12, 2017

Contacts

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

Consumer Price Index, New York-Northern New Jersey – April 2017

Area prices up 0.1 percent over the month and 2.0 percent over the year

Prices in the New York-Northern New Jersey-Long Island area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), ticked up 0.1 percent in April after no change in March, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the index movement to higher prices for food and 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 rose 2.0 percent. The index for all items less food and energy increased 1.7 percent. (See table A and chart 1.) Higher prices for shelter drove the 12-month change in both indexes. (See table 1.)

 

 

Food

The food index rose 0.5 percent for the second consecutive month, with prices for food at home advancing 0.8 percent. Among the groceries with higher prices were lettuce, fats and oils, including peanut butter, and butter and margarine. Prices for food away from home were unchanged.

From April 2016 to April 2017, the food index increased 1.0 percent. Prices for food away from home rose 2.5 percent, in contrast to a 0.2-percent dip in prices for food at home.

Energy

The energy index increased 1.3 percent, following a 1.4-percent decline in March. The price swing was primarily due to a 3.5-percent jump in gasoline prices, which had fallen in February and March. Household energy prices edged down 0.2 percent, reflecting a 0.9-percent decline in electricity prices that outweighed a 1.2-percent rise in natural gas prices.

For the year ended in April 2017, energy prices rose 9.3 percent, with increases in gasoline prices (16.8 percent) and household energy prices (4.8 percent). Among household energy components, natural gas increased 12.1 percent, and electricity prices declined 1.6 percent.

All items less food and energy

The index for all items less food and energy was unchanged in April. Shelter prices edged up 0.2 percent, primarily due to higher prices for out-of-town lodging. Residential rent and owners’ equivalent rent each inched up 0.1 percent. Price increases were also recorded for recreation (0.5 percent) and for used cars and trucks and intracity transportation. Offsetting these increases was a seasonal decline in apparel (-2.2 percent), along with lower prices for medical care (-1.0 percent), household furnishings and operations (-0.6 percent), and other goods and services (-0.5 percent).

Over the year, the index for all items less food and energy rose 1.7 percent. Shelter prices increased 2.8 percent, including a 2.4-percent rise in owners’ equivalent rent and a 2.5-percent increase in residential rent. Medical care prices rose 2.8 percent, and recreation prices advanced 3.5 percent. Prices for household furnishings and operations, by contrast, declined 2.1 percent.

Table A. New York-Northern New Jersey-Long Island CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month 2012 2013 2014 2015 2016 2017
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 2.8 0.5 2.2 0.9 1.9 0.1 -0.5 0.2 0.8 0.6 2.5

February

0.4 2.6 0.6 2.4 -0.2 1.1 0.3 0.1 0.2 0.6 0.3 2.6

March

0.6 2.6 0.1 1.9 0.4 1.3 0.2 -0.1 0.2 0.7 0.0 2.3

April

0.2 2.4 -0.2 1.4 0.0 1.6 0.1 0.0 0.4 1.0 0.1 2.0

May

0.1 1.8 0.1 1.4 0.5 1.9 0.4 -0.1 0.3 0.9    

June

-0.1 1.6 0.3 1.8 0.0 1.7 0.2 0.1 0.2(R) 0.9(R)    

July

-0.2 1.1 0.2 2.1 0.1 1.6 -0.1 -0.1 -0.1 1.0    

August

0.6 1.4 0.1 1.7 -0.2 1.3 0.1 0.1 0.2 1.1    

September

0.4 1.6 0.3 1.6 0.0 1.0 0.2 0.3 0.2 1.0    

October

-0.1 1.7 -0.6 1.1 -0.2 1.3 -0.1 0.4 0.1 1.2    

November

0.0 2.0 0.1 1.2 -0.4 0.8 -0.2 0.6 0.2 1.6    

December

-0.3 2.1 0.0 1.5 -0.5 0.3 -0.4 0.7 0.1 2.1    

Footnotes:
(R) = revised.
 

CPI-W

In April, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 262.486, up 0.1 percent over the month. The CPI-W rose 2.0 percent over the year.

The May 2017 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released Wednesday, June 14, 2017, 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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 28 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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-Northern New Jersey-Long Island, N.Y.-N.J.-Conn.-Pa. consolidated area covered in this release is comprised of Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, Middlesex, and New Haven Counties in Connecticut; 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-Northern N.J.-Long Island, NY-NJ-CT-PA (1982-84=100 unless otherwise noted)(not seasonally adjusted)
Item and Group Indexes Percent change from-
Feb.
2017
March
2017
April
2017
April
2016
Feb.
2017
March
2017
 

Expenditure category

 
 

All items

267.662 267.582 267.948 2.0 0.1 0.1

All items (1967=100)

773.774 773.542 774.600      
 

Food and beverages

258.137 259.424 260.491 0.9 0.9 0.4

Food

258.088 259.498 260.674 1.0 1.0 0.5

Food at home

249.874 250.689 252.619 -0.2 1.1 0.8

Food away from home

276.661 278.974 279.083 2.5 0.9 0.0

Alcoholic beverages

254.398 254.000 253.582 -0.3 -0.3 -0.2
 

Housing

289.614 289.620 289.908 2.6 0.1 0.1

Shelter

365.599 366.030 366.709 2.8 0.3 0.2

Rent of primary residence(1)

377.592 378.523 378.952 2.5 0.4 0.1

Owners' equivalent rent of residences(1)(2)

372.060 371.896 372.122 2.4 0.0 0.1

Owners' equivalent rent of primary residence(1)(2)

371.598 371.431 371.660 2.4 0.0 0.1

Fuels and utilities

187.826 186.430 186.115 4.3 -0.9 -0.2

Household energy

179.619 178.134 177.792 4.8 -1.0 -0.2

Energy services(1)

173.010 171.430 171.091 2.6 -1.1 -0.2

Electricity(1)

178.298 176.237 174.619 -1.6 -2.1 -0.9

Utility (piped) gas service(1)

154.239 153.583 155.490 12.1 0.8 1.2

Household furnishings and operations

110.939 110.465 109.807 -2.1 -1.0 -0.6
 

Apparel

130.424 133.045 130.086 0.5 -0.3 -2.2
 

Transportation

213.382 211.912 214.862 2.7 0.7 1.4

Private transportation

199.648 197.863 199.689 3.0 0.0 0.9

Motor fuel

195.510 191.121 197.812 16.8 1.2 3.5

Gasoline (all types)

194.680 190.285 196.995 16.8 1.2 3.5

Gasoline, unleaded regular(3)

193.165 188.519 195.682 17.3 1.3 3.8

Gasoline, unleaded midgrade(3)(4)

205.484 202.504 206.500 14.8 0.5 2.0

Gasoline, unleaded premium(3)

207.121 204.318 208.244 13.7 0.5 1.9
 

Medical care

474.262 476.228 471.473 2.8 -0.6 -1.0
 

Recreation(5)

123.301 123.262 123.860 3.5 0.5 0.5
 

Education and communication(5)

144.602 142.675 142.737 -0.4 -1.3 0.0
 

Other goods and services

417.807 418.840 416.715 0.9 -0.3 -0.5
 

Commodity and service group

 
 

All items

267.662 267.582 267.948 2.0 0.1 0.1

Commodities

187.427 188.169 187.872 1.2 0.2 -0.2

Commodities less food and beverages

143.987 144.434 143.523 1.4 -0.3 -0.6

Nondurables less food and beverages

182.479 183.575 181.968 4.0 -0.3 -0.9

Durables

95.108 94.884 94.726 -3.2 -0.4 -0.2

Services

335.546 334.838 335.718 2.4 0.1 0.3
 

Special aggregate indexes

 
 

All items less medical care

258.684 258.519 259.097 2.0 0.2 0.2

All items less shelter

228.898 228.609 228.849 1.5 0.0 0.1

Commodities less food

148.183 148.607 147.706 1.3 -0.3 -0.6

Nondurables

221.937 223.143 222.795 2.2 0.4 -0.2

Nondurables less food

186.875 187.884 186.345 3.6 -0.3 -0.8

Services less rent of shelter(2)

313.742 311.779 312.899 1.9 -0.3 0.4

Services less medical care services

324.290 323.561 324.510 2.3 0.1 0.3

Energy

188.161 185.553 187.875 9.3 -0.2 1.3

All items less energy

277.245 277.401 277.587 1.6 0.1 0.1

All items less food and energy

282.446 282.391 282.411 1.7 0.0 0.0

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

Note: Index applies to a month as a whole, not to any specific date.
The New York-Northern New Jersey-Long Island, NY-NJ-CT-PA consolidated area comprises the five boroughs of New York City, Nassau, Suffolk, Westchester, Rockland, Putnam, Dutchess, and Orange Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Monmouth, Middlesex, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, New Haven, and Middlesex Counties in Connecticut; and Pike County in Pennsylvania.
 

 

Last Modified Date: Friday, May 12, 2017