News Release Information

17-1395-NEW
Friday, October 13, 2017

Contacts

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

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

Area prices up 0.5 percent over the month and 2.1 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), advanced 0.5 percent in September after increasing 0.2 percent in August, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed much of the increase to higher energy prices. (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 2.1 percent. The index for all items less food and energy increased 1.3 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 inched up 0.1 percent in September after remaining flat in August. Prices for food away from home increased 0.4 percent. The index for food at home declined 0.2 percent. Among groceries with lower prices were bananas, beef roasts, and coffee.

Over the year, the food index increased 1.6 percent. Prices for food away from home rose 2.2 percent, and prices for food at home advanced 1.1 percent.

Energy

After a 0.3-percent increase in August, the energy index jumped 5.7 percent, the largest increase since January 2014. Gasoline prices advanced 12.8 percent, driving the overall increase. Household energy prices rose 1.0 percent, with higher prices reported for electricity (0.6 percent) and fuel oil. Natural gas prices, on the other hand, were unchanged

From September 2016 to September 2017, energy prices rose 14.2 percent, led by a 29.2-percent increase in gasoline prices. Household energy prices rose 5.2 percent, with increases of 10.2 percent for natural gas and 1.1 percent for electricity.

All items less food and energy

The index for all items less food and energy rose 0.2 percent in September, following a 0.3-percent increase in August. Apparel prices, often up at this time of year, rose 2.8 percent. Education and communication increased 0.5 percent, with higher prices reported for college tuition and fees. Other goods and services also increased (0.6 percent). Shelter prices were flat. Within shelter, residential rent was unchanged, and owners’ equivalent rent rose 0.2 percent. By contrast, prices for household furnishings and operations (-1.0 percent) and for new and used motor vehicles declined.

For the year ended September 2017, the index for all items less food and energy rose 1.3 percent. Shelter prices increased 2.4 percent. Prices advanced for recreation (3.2 percent), other goods and services (1.7 percent), and medical care (1.1 percent). On the other hand, prices for new and used motor vehicles, household furnishings and operations (-2.8 percent) and education and communication (-1.1 percent) declined.

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 0.1 1.8

June

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

July

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

August

0.6 1.4 0.1 1.7 -0.2 1.3 0.1 0.1 0.2 1.1 0.2 1.7

September

0.4 1.6 0.3 1.6 0.0 1.0 0.2 0.3 0.2 1.0 0.5 2.1

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 September, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 265.291, up 0.7 percent over the month. The CPI-W rose 2.4 percent over the year.

The October 2017 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released Wednesday, November 15, 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-
July
2017
Aug.
2017
Sept.
2017
Sept.
2016
July
2017
Aug.
2017
 

Expenditure category

 
 

All items

268.051 268.657 270.059 2.1 0.7 0.5

All items (1967=100)

774.899 776.650 780.704      
 

Food and beverages

260.865 260.948 261.175 1.5 0.1 0.1

Food

261.032 261.084 261.243 1.6 0.1 0.1

Food at home

252.610 252.606 252.197 1.1 -0.2 -0.2

Food away from home

279.985 280.119 281.109 2.2 0.4 0.4

Alcoholic beverages

254.156 254.669 255.792 0.4 0.6 0.4
 

Housing

292.019 292.898 292.867 2.3 0.3 0.0

Shelter

368.840 370.744 370.662 2.4 0.5 0.0

Rent of primary residence(1)

381.149 383.150 383.268 2.6 0.6 0.0

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

374.320 376.331 376.922 2.2 0.7 0.2

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

373.857 375.867 376.459 2.2 0.7 0.2

Fuels and utilities

191.358 189.107 190.718 4.8 -0.3 0.9

Household energy

183.578 181.001 182.804 5.2 -0.4 1.0

Energy services(1)

179.315 175.878 176.600 3.8 -1.5 0.4

Electricity(1)

189.160 185.424 186.545 1.1 -1.4 0.6

Utility (piped) gas service(1)

152.258 149.533 149.520 10.2 -1.8 0.0

Household furnishings and operations

109.606 109.195 108.094 -2.8 -1.4 -1.0
 

Apparel

122.042 128.373 132.011 -0.9 8.2 2.8
 

Transportation

211.441 211.533 217.462 5.2 2.8 2.8

Private transportation

197.831 199.166 204.868 6.2 3.6 2.9

Motor fuel

193.183 199.087 224.555 29.2 16.2 12.8

Gasoline (all types)

192.374 198.243 223.701 29.2 16.3 12.8

Gasoline, unleaded regular(3)

190.888 197.110 223.226 30.7 16.9 13.2

Gasoline, unleaded midgrade(3)(4)

203.080 206.501 228.957 22.3 12.7 10.9

Gasoline, unleaded premium(3)

204.816 208.204 229.001 20.4 11.8 10.0
 

Medical care

476.764 476.319 476.539 1.1 0.0 0.0
 

Recreation(5)

123.631 123.381 123.685 3.2 0.0 0.2
 

Education and communication(5)

142.300 141.397 142.094 -1.1 -0.1 0.5
 

Other goods and services

423.644 420.290 422.606 1.7 -0.2 0.6
 

Commodity and service group

 
 

All items

268.051 268.657 270.059 2.1 0.7 0.5

Commodities

185.878 187.098 189.498 1.8 1.9 1.3

Commodities less food and beverages

140.548 142.224 145.492 2.0 3.5 2.3

Nondurables less food and beverages

177.281 180.952 187.843 4.9 6.0 3.8

Durables

93.665 93.246 92.697 -3.4 -1.0 -0.6

Services

337.418 337.573 338.253 2.2 0.2 0.2
 

Special aggregate indexes

 
 

All items less medical care

258.985 259.633 261.083 2.1 0.8 0.6

All items less shelter

228.127 228.207 230.219 1.8 0.9 0.9

Commodities less food

144.826 146.474 149.693 1.9 3.4 2.2

Nondurables

220.460 222.470 226.274 3.0 2.6 1.7

Nondurables less food

181.961 185.451 192.012 4.6 5.5 3.5

Services less rent of shelter(2)

314.170 312.425 313.950 1.8 -0.1 0.5

Services less medical care services

325.986 326.062 326.694 2.1 0.2 0.2

Energy

189.791 190.395 201.202 14.2 6.0 5.7

All items less energy

277.521 278.132 278.666 1.3 0.4 0.2

All items less food and energy

282.273 282.983 283.583 1.3 0.5 0.2

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, October 13, 2017