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News Release Information

22-1865-NEW
Tuesday, September 13, 2022

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

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

Area prices up 0.2 percent over the month and 6.6 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), edged up 0.2 percent in August, following a 0.3-percent decline in July, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley noted that higher prices for food and non-energy items contributed to the upturn. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U increased 6.6 percent, while the index for all items less food and energy advanced 4.6 percent. (See chart 1 and table A.) Energy prices increased 25.7 percent. Food prices rose 10.2 percent. (See table 1.)

Food

In August, food prices increased 0.4 percent, with prices for food at home and for food away from home each rising 0.4 percent. Four of the six grocery categories had increases. Among the groceries with higher August prices were nonfrozen noncarbonated juices and drinks and citrus fruits.

Over the year, food prices rose 10.2 percent. At-home food prices increased 11.9 percent, and away-from-home food prices increased 7.3 percent.

Energy

The energy index decreased 1.8 percent, after declining 5.8 percent in July. Gasoline prices fell 10.0 percent. A 5.2-percent increase in household energy largely offset the decline, with higher prices for electricity (7.4 percent) and natural gas (5.8 percent). Fuel oil, on the other hand, declined.

From August 2021 to August 2022, energy prices rose 25.7 percent. Gasoline prices increased 30.2 percent. Natural gas prices rose 32.8 percent, and electricity prices increased 10.1 percent.

All items less food and energy

The index for all items less food and energy rose 0.4 percent, after edging down 0.2 percent in July. A seasonal increase in apparel prices (3.6 percent) and a 0.2-percent increase in shelter prices drove the change. Other categories contributing to the August increase included new and used motor vehicles (0.8 percent) and education and communication (0.7 percent). Within the education and communication category, tuition, other school fees, and childcare advanced 1.1 percent.

Over the year, the index for all items less food and energy increased 4.6 percent. Shelter prices (up 2.8 percent) included a 3.5 percent increase for owners’ equivalent rent and a 2.9-percent increase for residential rent. New and used motor vehicles were up 16.8 percent. Medical care prices advanced 7.3 percent, the largest 12-month increase since July 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
Month 2018 2019 2020 2021 2022
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 1.4 0.5 1.6 0.8 2.5 0.4 1.2 1.1 5.1

February

0.5 1.7 0.2 1.3 0.2 2.4 0.3 1.4 0.3 5.1

March

0.0 1.7 0.3 1.6 -0.2 2.0 0.4 2.0 1.3 6.1

April

0.3 1.9 0.3 1.6 -0.5 1.1 0.7 3.2 0.9 6.3

May

0.4 2.2 0.2 1.5 0.5 1.4 0.5 3.2 0.5 6.3

June

0.1 2.0 0.3 1.7 0.1 1.3 1.0 4.1 1.4 6.7

July

0.0 2.2 0.0 1.7 0.5 1.7 -0.1 3.5 -0.3 6.5

August

0.1 2.2 0.2 1.8 -0.1 1.4 0.1 3.7 0.2 6.6

September

0.4 2.0 0.0 1.4 0.4 1.9 0.5 3.8

October

-0.1 2.0 0.0 1.5 -0.2 1.7 0.3 4.3

November

-0.2 1.9 0.1 1.8 -0.3 1.4 0.3 5.0

December

-0.2 1.6 0.1 2.2 0.4 1.6 -0.2 4.4

The September 2022 Consumer Price Index for the New York-Newark-Jersey City area is scheduled to be released on Thursday, October 13, 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 Group Indexes Percent change from-
June
2022
July
2022
Aug.
2022
Aug.
2021
June
2022
July
2022

Expenditure category

All items

313.589 312.615 313.280 6.6 -0.1 0.2

All items (1967=100)

906.542 903.726 905.650      

Food and beverages

314.683 320.077 321.344 9.8 2.1 0.4

Food

315.948 321.624 322.899 10.2 2.2 0.4

Food at home

301.169 308.723 309.877 11.9 2.9 0.4

Cereals and bakery products

354.080 360.658 366.000 16.0 3.4 1.5

Meats, poultry, fish, and eggs

314.700 322.909 319.374 9.3 1.5 -1.1

Dairy and related products

262.037 265.683 265.663 10.2 1.4 0.0

Fruits and vegetables

354.723 368.453 370.153 10.4 4.3 0.5

Nonalcoholic beverages and beverage materials(1)

299.112 301.367 305.963 12.1 2.3 1.5

Other food at home

265.840 273.726 276.296 14.7 3.9 0.9

Food away from home

344.116 346.473 347.972 7.3 1.1 0.4

Alcoholic beverages

291.919 293.127 294.268 5.2 0.8 0.4

Housing

329.507 328.877 331.064 4.7 0.5 0.7

Shelter

407.236 408.155 409.148 2.8 0.5 0.2

Rent of primary residence

417.792 419.087 420.194 2.9 0.6 0.3

Owners' equivalent rent of residences(2)

416.827 418.234 420.031 3.5 0.8 0.4

Owners' equivalent rent of primary residence(2)

416.311 417.716 419.511 3.5 0.8 0.4

Fuels and utilities

255.749 244.131 255.108 19.5 -0.3 4.5

Household energy

248.971 235.959 248.129 22.1 -0.3 5.2

Energy services

226.848 216.397 231.253 17.0 1.9 6.9

Electricity

220.208 205.959 221.271 10.1 0.5 7.4

Utility (piped) gas service

224.541 222.447 235.359 32.8 4.8 5.8

Household furnishings and operations

127.163 128.237 128.784 8.5 1.3 0.4

Apparel

129.609 126.323 130.923 1.0 1.0 3.6

Transportation

287.237 278.009 272.659 14.5 -5.1 -1.9

Private transportation

286.535 277.935 273.017 15.9 -4.7 -1.8

New and used motor vehicles(3)

126.618 121.921 122.933 16.8 -2.9 0.8

New vehicles(1)

250.238 252.135 253.150 14.5 1.2 0.4

Used cars and trucks(1)

414.351 414.985 414.887 8.5 0.1 0.0

Motor fuel

392.904 367.217 330.598 30.4 -15.9 -10.0

Gasoline (all types)

391.297 365.709 329.190 30.2 -15.9 -10.0

Gasoline, unleaded regular(4)

391.120 364.394 327.078 29.8 -16.4 -10.2

Gasoline, unleaded midgrade(4)(5)

398.842 378.367 345.211 32.1 -13.4 -8.8

Gasoline, unleaded premium(4)

396.448 378.310 346.957 33.2 -12.5 -8.3

Medical care

571.113 575.350 577.213 7.3 1.1 0.3

Recreation(3)

141.231 142.582 142.332 4.9 0.8 -0.2

Education and communication(3)

155.051 155.494 156.553 1.6 1.0 0.7

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

1,307.013 1,315.938 1,330.256 2.9 1.8 1.1

Other goods and services

474.322 474.676 470.212 3.3 -0.9 -0.9

Commodity and service group

All items

313.589 312.615 313.280 6.6 -0.1 0.2

Commodities

227.812 227.670 226.731 10.0 -0.5 -0.4

Commodities less food and beverages

174.064 171.680 169.918 10.1 -2.4 -1.0

Nondurables less food and beverages

225.999 218.936 214.854 11.7 -4.9 -1.9

Durables

113.069 114.062 114.067 8.9 0.9 0.0

Services

386.050 384.345 386.436 5.0 0.1 0.5

Special aggregate indexes

All items less medical care

302.384 301.214 301.831 6.5 -0.2 0.2

All items less shelter

276.310 274.604 275.141 8.9 -0.4 0.2

Commodities less food

178.755 176.441 174.737 9.9 -2.2 -1.0

Nondurables

271.983 270.949 269.445 10.6 -0.9 -0.6

Nondurables less food

230.081 223.480 219.692 11.2 -4.5 -1.7

Services less rent of shelter(2)

375.262 370.527 373.917 7.8 -0.4 0.9

Services less medical care services

369.321 367.272 369.286 4.7 0.0 0.5

Energy

305.732 287.905 282.833 25.7 -7.5 -1.8

All items less energy

317.795 318.190 319.333 5.4 0.5 0.4

All items less food and energy

320.418 319.882 321.010 4.6 0.2 0.4

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: Tuesday, September 13, 2022