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News Release Information

20-1726-NEW
Friday, September 11, 2020

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Technical information:
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  • (646) 264-3620

Consumer Price Index, New York-Newark-Jersey City – August 2020

Area prices down 0.1 percent over the month and up 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), ticked down 0.1 percent in August, after increasing 0.5 percent in July, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the downturn to falling prices for 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 increased 1.4 percent. (See chart 1 and table A.) The index for all items less food and energy rose 1.8 percent. Price increases for shelter drove the 12-month change in both indexes. (See table 1.)

Food

The food index was unchanged in August, after dropping 0.8 percent in July. A 0.7-percent rise in prices for food away from home was offset by a 0.5-percent decline in prices for food at home. Among the groceries with lower prices in August were uncooked beef steaks; rice, pasta, cornmeal; and snacks.

For the year ended in August 2020, the food index rose 3.9 percent. Prices for food at home increased 4.4 percent, and prices for food away from home rose 3.3 percent.

Energy

The energy index declined 1.8 percent in August, after a 0.2-percent rise in July. Prices for household energy decreased 2.6 percent. Often down in August, electricity prices fell 4.1 percent. By contrast, prices for natural gas edged up 0.2 percent. Gasoline prices retreated 0.6 percent in August after advancing 2.5 percent in July and 2.6 percent in June.  

Over the year, energy prices dropped 8.9 percent, primarily due to a 21.0-percent fall in gasoline prices. Household energy prices edged down 0.2 percent, with price declines for fuel oil and other fuels largely offset by increases in prices for electricity (3.6 percent) and for natural gas (0.7 percent).

All items less food and energy

The index for all items less food and energy was flat in August, after advancing 0.7 percent in July. A seasonal increase in apparel prices (4.1 percent) led the components with higher prices in August. Other categories with rising prices included recreation (1.1 percent), used cars and trucks (5.9 percent), and household furnishings and operations (1.1 percent). These increases were partly offset by price declines for new vehicles (-0.9 percent) and motor vehicle insurance (-0.6 percent).

From August 2019 to August 2020, the index for all items less food and energy rose 1.8 percent. A 1.7-percent increase in shelter prices included a 2.2-percent rise in owners’ equivalent rent and a 1.7-percent increase in residential rent. Recreation prices advanced 6.6 percent, and medical care prices rose 4.6 percent. A 2.6-percent rise in prices for tuition, other school fees, and childcare contributed to a 2.4-percent increase in prices for education and communication.

Table A. New York-Newark-Jersey City CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month 2015 2016 2017 2018 2019 2020
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

0.1 -0.5 0.2 0.8 0.6 2.5 0.4 1.4 0.5 1.6 0.8 2.5

February

0.3 0.1 0.2 0.6 0.3 2.6 0.5 1.7 0.2 1.3 0.2 2.4

March

0.2 -0.1 0.2 0.7 0.0 2.3 0.0 1.7 0.3 1.6 -0.2 2.0

April

0.1 0.0 0.4 1.0 0.1 2.0 0.3 1.9 0.3 1.6 -0.5 1.1

May

0.4 -0.1 0.3 0.9 0.1 1.8 0.4 2.2 0.2 1.5 0.5 1.4

June

0.2 0.1 0.2(R) 0.9(R) 0.2 1.8 0.1 2.0 0.3 1.7 0.1 1.3

July

-0.1 -0.1 -0.1 1.0 -0.2 1.6 0.0 2.2 0.0 1.7 0.5 1.7

August

0.1 0.1 0.2 1.1 0.2 1.7 0.1 2.2 0.2 1.8 -0.1 1.4

September

0.2 0.3 0.2 1.0 0.5 2.1 0.4 2.0 0.0 1.4

October

-0.1 0.4 0.1 1.2 -0.2 1.8 -0.1 2.0 0.0 1.5

November

-0.2 0.6 0.2 1.6 -0.1 1.6 -0.2 1.9 0.1 1.8

December

-0.4 0.7 0.1 2.1 0.1 1.6 -0.2 1.6 0.1 2.2

Footnotes:
(R) = revised.

CPI-W

In August, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 277.920, unchanged over the month. The CPI-W rose 1.5 percent over the year.

The September 2020 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Tuesday, October 13, 2020, at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on August 2020 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 August 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 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 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 (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, 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 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 Group Indexes Percent change from-
June
2020
July
2020
Aug.
2020
Aug.
2019
June
2020
July
2020

Expenditure category

All items

282.333 283.624 283.478 1.4 0.4 -0.1

All items (1967=100)

816.185 819.917 819.497      

Food and beverages

283.866 281.823 282.014 3.8 -0.7 0.1

Food

284.462 282.301 282.440 3.9 -0.7 0.0

Food at home

272.888 270.732 269.424 4.4 -1.3 -0.5

Cereals and bakery products

319.724 324.531 313.247 2.5 -2.0 -3.5

Meats, poultry, fish, and eggs

280.832 270.862 270.925 7.0 -3.5 0.0

Dairy and related products

242.453 238.469 240.784 5.6 -0.7 1.0

Fruits and vegetables

338.841 340.323 339.187 4.7 0.1 -0.3

Nonalcoholic beverages and beverage materials(1)

265.127 263.544 260.941 2.0 -1.6 -1.0

Other food at home

234.973 235.371 235.980 3.4 0.4 0.3

Food away from home

308.662 306.433 308.617 3.3 0.0 0.7

Alcoholic beverages

270.889 270.502 271.408 1.9 0.2 0.3

Housing

308.680 308.945 308.825 1.7 0.0 0.0

Shelter

391.894 392.217 392.469 1.7 0.1 0.1

Rent of primary residence

408.318 408.845 409.042 1.7 0.2 0.0

Owners' equivalent rent of residences(2)

400.381 400.502 400.991 2.2 0.2 0.1

Owners' equivalent rent of primary residence(2)

399.885 400.007 400.495 2.2 0.2 0.1

Fuels and utilities

200.896 199.345 194.955 0.5 -3.0 -2.2

Household energy

191.006 189.199 184.341 -0.2 -3.5 -2.6

Energy services

189.809 186.915 181.590 3.5 -4.3 -2.8

Electricity

197.758 193.784 185.850 3.6 -6.0 -4.1

Utility (piped) gas service

160.704 160.179 160.473 0.7 -0.1 0.2

Household furnishings and operations

109.907 111.080 112.355 3.1 2.2 1.1

Apparel

112.850 114.472 119.120 -3.6 5.6 4.1

Transportation

212.644 214.264 209.508 -6.0 -1.5 -2.2

Private transportation

201.678 204.084 204.697 -2.5 1.5 0.3

New and used motor vehicles(3)

93.299 93.556 94.374 4.3 1.2 0.9

New vehicles(1)

207.321 210.085 208.100 3.1 0.4 -0.9

Used cars and trucks(1)

264.089 273.042 289.087 4.4 9.5 5.9

Motor fuel

175.435 179.673 178.672 -20.9 1.8 -0.6

Gasoline (all types)

174.363 178.664 177.649 -21.0 1.9 -0.6

Gasoline, unleaded regular(4)

171.671 176.016 174.825 -21.8 1.8 -0.7

Gasoline, unleaded midgrade(4)(5)

191.973 195.698 195.991 -16.2 2.1 0.1

Gasoline, unleaded premium(4)

195.890 199.925 200.242 -15.3 2.2 0.2

Motor vehicle insurance(1)

746.338 772.419 767.531 1.3 2.8 -0.6

Medical care

536.188 539.187 539.804 4.6 0.7 0.1

Recreation(3)

129.484 133.697 135.169 6.6 4.4 1.1

Education and communication(3)

147.716 149.780 150.265 2.4 1.7 0.3

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

1,258.241 1,263.874 1,267.144 2.6 0.7 0.3

Other goods and services

439.746 445.023 444.398 1.0 1.1 -0.1

Commodity and service group

All items

282.333 283.624 283.478 1.4 0.4 -0.1

Commodities

189.546 190.178 191.619 -0.4 1.1 0.8

Commodities less food and beverages

135.230 137.031 138.946 -3.9 2.7 1.4

Nondurables less food and beverages

168.504 170.691 173.121 -6.9 2.7 1.4

Durables

91.778 93.050 94.311 1.9 2.8 1.4

Services

359.791 361.612 360.276 2.1 0.1 -0.4

Special aggregate indexes

All items less medical care

271.329 272.547 272.370 1.2 0.4 -0.1

All items less shelter

238.851 240.526 240.223 1.3 0.6 -0.1

Commodities less food

140.139 141.885 143.783 -3.6 2.6 1.3

Nondurables

226.759 226.938 228.325 -0.9 0.7 0.6

Nondurables less food

174.616 176.655 178.999 -6.2 2.5 1.3

Services less rent of shelter(2)

336.311 339.715 336.710 2.7 0.1 -0.9

Services less medical care services

344.585 346.257 344.830 1.7 0.1 -0.4

Energy

187.978 188.409 184.925 -8.9 -1.6 -1.8

All items less energy

293.315 294.692 294.824 2.1 0.5 0.0

All items less food and energy

296.928 298.894 299.026 1.8 0.7 0.0

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: Friday, September 11, 2020