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News Release Information

21-234-NEW
Wednesday, February 10, 2021

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

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

Area prices up 0.4 percent over the month and 1.2 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 0.4 percent in January, following a 0.4-percent increase in December, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that higher apparel 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 1.2 percent. (See chart 1 and table A.) Shelter prices rose 0.8 percent, and food prices rose 3.5 percent. Energy prices declined 2.8 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 1.2 percent. (See table 1.)

Food

The food index was unchanged in January, after increasing 0.3 percent in December. At-home food prices edged down 0.2 percent, with three of the six major grocery groups recording price declines. Prices for food away from home rose 0.2 percent.

Over the year, the food index was up 3.5 percent, with rising prices for both food away from home (4.9 percent) and for food at home (2.5 percent).

Energy

The energy index rose 3.7 percent in January, following a 3.4-percent increase in December. Gasoline prices were up 6.9 percent. Household energy prices rose 1.9 percent, with higher prices for natural gas (2.6 percent) and electricity (1.0 percent).

From January 2020 to January 2021, energy prices declined 2.8 percent, primarily due to a 9.7-percent fall in gasoline prices. Household energy prices were up 1.9 percent, driven by higher electricity prices (7.0 percent).

All items less food and energy

The index for all items less food and energy rose 0.3 percent in January, following a 0.2-percent increase in December. Apparel prices, often up in January, rose 12.3 percent. Price declines for recreation (-2.0 percent) and other goods and services (-2.4 percent) partially offset the increase.  

For the year ended in January 2021, the index for all items less food and energy increased 1.2 percent. Shelter prices rose 0.8 percent, the slowest rate in more than ten years, with a 1.2-percent increase in owners’ equivalent rent. Residential rent rose 0.9 percent, the smallest over-the-year increase recorded since February 1958. The indexes for new and used motor vehicles and for household furnishings and operations both rose 4.7 percent. Prices for education and communication increased 1.8 percent.

Table A. New York-Newark-Jersey City CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month 2016 2017 2018 2019 2020 2021
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

0.2 0.8 0.6 2.5 0.4 1.4 0.5 1.6 0.8 2.5 0.4 1.2

February

0.2 0.6 0.3 2.6 0.5 1.7 0.2 1.3 0.2 2.4

March

0.2 0.7 0.0 2.3 0.0 1.7 0.3 1.6 -0.2 2.0

April

0.4 1.0 0.1 2.0 0.3 1.9 0.3 1.6 -0.5 1.1

May

0.3 0.9 0.1 1.8 0.4 2.2 0.2 1.5 0.5 1.4

June

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 1.0 -0.2 1.6 0.0 2.2 0.0 1.7 0.5 1.7

August

0.2 1.1 0.2 1.7 0.1 2.2 0.2 1.8 -0.1 1.4

September

0.2 1.0 0.5 2.1 0.4 2.0 0.0 1.4 0.4 1.9

October

0.1 1.2 -0.2 1.8 -0.1 2.0 0.0 1.5 -0.2 1.7

November

0.2 1.6 -0.1 1.6 -0.2 1.9 0.1 1.8 -0.3 1.4

December

0.1 2.1 0.1 1.6 -0.2 1.6 0.1 2.2 0.4 1.6

Footnotes:
(R) = revised.

CPI-W

In January, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 279.909, up 0.4 percent over the month. The CPI-W rose 1.4 percent over the year.

The February 2021 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Wednesday, March 10, 2021, at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on January 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 January 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 Group Indexes Percent change from-
Nov.
2020
Dec.
2020
Jan.
2021
Jan.
2020
Nov.
2020
Dec.
2020

Expenditure category

All items

283.291 284.350 285.525 1.2 0.8 0.4

All items (1967=100)

818.956 822.015 825.413      

Food and beverages

282.741 283.888 283.663 3.5 0.3 -0.1

Food

283.049 283.892 283.787 3.5 0.3 0.0

Food at home

267.638 268.160 267.564 2.5 0.0 -0.2

Cereals and bakery products

311.966 312.008 305.978 0.0 -1.9 -1.9

Meats, poultry, fish, and eggs

264.553 263.533 263.792 2.8 -0.3 0.1

Dairy and related products

237.267 239.769 242.657 4.8 2.3 1.2

Fruits and vegetables

345.518 346.208 343.461 0.9 -0.6 -0.8

Nonalcoholic beverages and beverage materials(1)

254.793 264.311 262.536 3.3 3.0 -0.7

Other food at home

235.920 233.564 234.763 3.6 -0.5 0.5

Food away from home

312.624 313.944 314.528 4.9 0.6 0.2

Alcoholic beverages

273.745 279.033 277.184 2.8 1.3 -0.7

Housing

308.787 309.952 310.692 1.2 0.6 0.2

Shelter

393.007 392.874 392.787 0.8 -0.1 0.0

Rent of primary residence

410.546 410.110 409.744 0.9 -0.2 -0.1

Owners' equivalent rent of residences(2)

401.824 402.036 402.401 1.2 0.1 0.1

Owners' equivalent rent of primary residence(2)

401.327 401.538 401.903 1.2 0.1 0.1

Fuels and utilities

194.119 199.732 202.932 2.2 4.5 1.6

Household energy

182.846 189.054 192.568 1.9 5.3 1.9

Energy services

179.803 185.024 187.782 5.0 4.4 1.5

Electricity

179.045 187.346 189.182 7.0 5.7 1.0

Utility (piped) gas service

168.904 167.567 171.990 0.9 1.8 2.6

Household furnishings and operations

110.968 113.575 115.465 4.7 4.1 1.7

Apparel

114.335 113.195 127.102 1.6 11.2 12.3

Transportation

215.169 215.559 218.246 -1.6 1.4 1.2

Private transportation

204.391 206.238 209.138 0.0 2.3 1.4

New and used motor vehicles(3)

94.648 95.119 94.686 4.7 0.0 -0.5

New vehicles(1)

205.107 208.742 210.395 2.1 2.6 0.8

Used cars and trucks(1)

294.608 291.581 288.705 9.7 -2.0 -1.0

Motor fuel

175.714 181.789 194.216 -9.8 10.5 6.8

Gasoline (all types)

174.763 180.864 193.362 -9.7 10.6 6.9

Gasoline, unleaded regular(4)

172.047 178.335 191.300 -10.0 11.2 7.3

Gasoline, unleaded midgrade(4)(5)

191.651 196.519 205.444 -8.7 7.2 4.5

Gasoline, unleaded premium(4)

196.662 201.334 210.453 -7.6 7.0 4.5

Motor vehicle insurance(1)

745.228 745.257 755.633 -3.4 1.4 1.4

Medical care

534.456 536.246 534.632 2.1 0.0 -0.3

Recreation(3)

132.484 133.042 130.375 1.4 -1.6 -2.0

Education and communication(3)

150.086 149.973 150.705 1.8 0.4 0.5

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

1,271.265 1,271.176 1,272.387 2.5 0.1 0.1

Other goods and services

433.731 448.673 437.829 -0.6 0.9 -2.4

Commodity and service group

All items

283.291 284.350 285.525 1.2 0.8 0.4

Commodities

189.798 191.140 194.743 1.1 2.6 1.9

Commodities less food and beverages

136.087 137.435 142.543 -1.0 4.7 3.7

Nondurables less food and beverages

168.511 169.643 179.311 -3.0 6.4 5.7

Durables

93.306 94.709 95.228 2.6 2.1 0.5

Services

361.306 362.182 361.575 1.3 0.1 -0.2

Special aggregate indexes

All items less medical care

272.399 273.426 274.717 1.2 0.9 0.5

All items less shelter

239.748 241.280 242.956 1.5 1.3 0.7

Commodities less food

141.062 142.536 147.467 -0.8 4.5 3.5

Nondurables

226.220 227.376 232.418 0.7 2.7 2.2

Nondurables less food

174.788 176.162 185.172 -2.5 5.9 5.1

Services less rent of shelter(2)

338.268 340.205 339.053 1.9 0.2 -0.3

Services less medical care services

346.178 346.997 346.359 1.1 0.1 -0.2

Energy

182.860 189.109 196.015 -2.8 7.2 3.7

All items less energy

294.791 295.428 296.139 1.5 0.5 0.2

All items less food and energy

298.888 299.496 300.345 1.2 0.5 0.3

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, February 10, 2021