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17-1267-NEW
Thursday, September 14, 2017

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

Area prices up 0.2 percent over the month and 1.7 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), edged up 0.2 percent in August after decreasing 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli said the August increase reflected higher prices for shelter and apparel. (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 1.7 percent. The index for all items less food and energy increased 1.2 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 was flat in August, following a 0.2-percent July increase. Average prices for food at home were unchanged, with higher prices for groceries such as canned fruits and vegetables, counterbalanced by lower prices for items such as other beverage materials, including tea. Prices for food away from home were also flat. 

Over the year, the food index increased 1.7 percent. Prices for food away from home rose 2.1 percent, and prices for food at home advanced 1.4 percent. 

Energy

The energy index rose 0.3 percent after a 1.9-percent decline in July. Prices increased for gasoline (3.1 percent) and for fuel oil. By contrast, household energy prices declined, with lower charges for electricity (-2.0 percent) and natural gas (-1.8 percent). 

From August 2016 to August 2017, energy prices rose 8.7 percent, led by a 15.9-percent increase in gasoline prices. Household energy prices rose 4.4 percent, with increases of 9.9 percent for natural gas and 0.6 percent for electricity. 

All items less food and energy

The index for all items less food and energy rose 0.3 percent in August, following a 0.2-percent decline in July. Shelter prices rose 0.5 percent. Within shelter, residential and owners’ equivalent rent also reported 0.5-percent increases—the highest increases in nearly two years. Apparel prices, often up at this time of year, jumped 5.2 percent. On the other hand, prices for public transportation declined, with lower prices reported for airline fares. Among other items with lower prices in August were household furnishings and operations (-0.4 percent), education and communication (-0.6 percent), and other goods and services (-0.8 percent). 

For the year ended August 2017, the index for all items less food and energy rose 1.2 percent. Shelter prices increased 2.5 percent. Prices advanced for recreation (3.2 percent), medical care (1.5 percent), and other goods and services (1.4 percent). By contrast, prices for household furnishings and operations decreased 1.6 percent, and prices for apparel and for education and communication each declined 1.1 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 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    

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 August, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 263.489, up 0.3 percent over the month. The CPI-W rose 2.0 percent over the year.

The September 2017 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released Friday, October 13, 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-
June
2017
July
2017
Aug.
2017
Aug.
2016
June
2017
July
2017
 

Expenditure category

 
 

All items

268.666 268.051 268.657 1.7 0.0 0.2

All items (1967=100)

776.676 774.899 776.650      
 

Food and beverages

260.358 260.865 260.948 1.6 0.2 0.0

Food

260.545 261.032 261.084 1.7 0.2 0.0

Food at home

252.020 252.610 252.606 1.4 0.2 0.0

Food away from home

279.633 279.985 280.119 2.1 0.2 0.0

Alcoholic beverages

253.397 254.156 254.669 0.1 0.5 0.2
 

Housing

292.150 292.019 292.898 2.3 0.3 0.3

Shelter

367.964 368.840 370.744 2.5 0.8 0.5

Rent of primary residence(1)

380.805 381.149 383.150 2.9 0.6 0.5

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

373.598 374.320 376.331 2.4 0.7 0.5

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

373.131 373.857 375.867 2.4 0.7 0.5

Fuels and utilities

194.257 191.358 189.107 4.1 -2.7 -1.2

Household energy

186.904 183.578 181.001 4.4 -3.2 -1.4

Energy services(1)

182.293 179.315 175.878 3.3 -3.5 -1.9

Electricity(1)

191.065 189.160 185.424 0.6 -3.0 -2.0

Utility (piped) gas service(1)

156.941 152.258 149.533 9.9 -4.7 -1.8

Household furnishings and operations

111.310 109.606 109.195 -1.6 -1.9 -0.4
 

Apparel

125.432 122.042 128.373 -1.1 2.3 5.2
 

Transportation

214.975 211.441 211.533 2.0 -1.6 0.0

Private transportation

199.316 197.831 199.166 3.1 -0.1 0.7

Motor fuel

197.139 193.183 199.087 15.9 1.0 3.1

Gasoline (all types)

196.336 192.374 198.243 15.9 1.0 3.1

Gasoline, unleaded regular(3)

194.868 190.888 197.110 16.8 1.2 3.3

Gasoline, unleaded midgrade(3)(4)

206.678 203.080 206.501 11.4 -0.1 1.7

Gasoline, unleaded premium(3)

208.703 204.816 208.204 10.5 -0.2 1.7
 

Medical care

475.291 476.764 476.319 1.5 0.2 -0.1
 

Recreation(5)

123.336 123.631 123.381 3.2 0.0 -0.2
 

Education and communication(5)

142.064 142.300 141.397 -1.1 -0.5 -0.6
 

Other goods and services

421.643 423.644 420.290 1.4 -0.3 -0.8
 

Commodity and service group

 
 

All items

268.666 268.051 268.657 1.7 0.0 0.2

Commodities

187.132 185.878 187.098 1.1 0.0 0.7

Commodities less food and beverages

142.545 140.548 142.224 0.7 -0.2 1.2

Nondurables less food and beverages

180.274 177.281 180.952 2.8 0.4 2.1

Durables

94.529 93.665 93.246 -3.2 -1.4 -0.4

Services

337.562 337.418 337.573 2.0 0.0 0.0
 

Special aggregate indexes

 
 

All items less medical care

259.685 258.985 259.633 1.7 0.0 0.3

All items less shelter

229.351 228.127 228.207 1.2 -0.5 0.0

Commodities less food

146.748 144.826 146.474 0.6 -0.2 1.1

Nondurables

221.822 220.460 222.470 2.1 0.3 0.9

Nondurables less food

184.738 181.961 185.451 2.6 0.4 1.9

Services less rent of shelter(2)

315.428 314.170 312.425 1.3 -1.0 -0.6

Services less medical care services

326.332 325.986 326.062 1.9 -0.1 0.0

Energy

193.402 189.791 190.395 8.7 -1.6 0.3

All items less energy

277.861 277.521 278.132 1.3 0.1 0.2

All items less food and energy

282.754 282.273 282.983 1.2 0.1 0.3

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: Thursday, September 14, 2017