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News Release Information

22-1483-NEW
Wednesday, July 13, 2022

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

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

Area prices up 1.4 percent over the month and 6.7 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 1.4 percent in June, following a 0.5-percent increase in May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley attributed the June advance to higher prices for energy and other non-food items. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U rose 6.7 percent, while the index for all items less food and energy increased 4.1 percent. (See chart 1 and table A.) Led by higher prices for gasoline, energy prices climbed 39.2 percent. Food prices rose 9.1 percent. (See table 1.)

Food

Food prices increased 0.3 percent in June, following a 0.7-percent increase in May. Prices for food away from home advanced 0.8 percent, while prices for food at home were flat. Lower prices for fruits and vegetables, as well as for meats, poultry, fish, and eggs, offset increases among the four other grocery categories. Groceries with higher June prices included ice cream and related products, bread, rice, pasta, cornmeal, and tomatoes.

For the year ended in June 2022, food prices rose 9.1 percent. At-home food prices increased 10.1 percent, and away-from-home food prices advanced 7.5 percent.

Energy

The energy index increased 4.1 percent in June, following an 8.5-percent rise in May. Gasoline prices rose 6.3 percent in June. Household energy prices increased 2.3 percent, reflecting, in part, price increases of 2.7 percent for electricity and 4.3 percent for natural gas.

Over the year, energy prices climbed 39.2 percent, led by a 60.2-percent jump in gasoline prices. The 12-month percent change was the largest for both series since April 1980. Household energy prices increased 24.7 percent, with natural gas prices rising 29.9 percent and electricity prices increasing 11.8 percent.

All items less food and energy

The index for all items less food and energy increased 1.4 percent in June. An 11.6-percent jump in prices for new and used motor vehicles was led by higher prices for leased cars and trucks. Shelter prices increased 0.5 percent, with residential rent and owners’ equivalent rent each advancing 0.5 percent. Medical care prices increased 1.9 percent.

Over the year, the index for all items less food and energy increased 4.1 percent. Higher prices for new vehicles (16.4 percent) and for used cars and trucks (8.0 percent) contributed, in part, to a 12.2-percent increase in prices for new and used motor vehicles. Shelter prices were up 2.1 percent; owners’ equivalent rent rose 3.1 percent, and residential rent increased 2.3 percent. Medical care prices rose 6.8 percent, the largest 12-month advance since October 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

August

0.1 2.2 0.2 1.8 -0.1 1.4 0.1 3.7

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 July 2022 Consumer Price Index for the New York-Newark-Jersey City area is scheduled to be released on Wednesday, August 10, 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-
April
2022
May
2022
June
2022
June
2021
April
2022
May
2022

Expenditure category

All items

307.781 309.243 313.589 6.7 1.9 1.4

All items (1967=100)

889.753 893.978 906.542      

Food and beverages

311.345 313.714 314.683 8.9 1.1 0.3

Food

312.658 314.914 315.948 9.1 1.1 0.3

Food at home

298.825 301.121 301.169 10.1 0.8 0.0

Cereals and bakery products

344.547 344.468 354.080 16.0 2.8 2.8

Meats, poultry, fish, and eggs

310.064 315.452 314.700 10.0 1.5 -0.2

Dairy and related products

259.163 257.739 262.037 8.3 1.1 1.7

Fruits and vegetables

371.918 369.151 354.723 4.6 -4.6 -3.9

Nonalcoholic beverages and beverage materials(1)

286.533 292.951 299.112 12.0 4.4 2.1

Other food at home

261.032 264.597 265.840 11.8 1.8 0.5

Food away from home

339.119 341.316 344.116 7.5 1.5 0.8

Alcoholic beverages

287.923 291.908 291.919 5.1 1.4 0.0

Housing

325.428 327.419 329.507 4.2 1.3 0.6

Shelter

404.237 405.410 407.236 2.1 0.7 0.5

Rent of primary residence

414.401 415.565 417.792 2.3 0.8 0.5

Owners' equivalent rent of residences(2)

413.477 414.705 416.827 3.1 0.8 0.5

Owners' equivalent rent of primary residence(2)

412.965 414.192 416.311 3.1 0.8 0.5

Fuels and utilities

238.903 250.155 255.749 21.8 7.1 2.2

Household energy

231.031 243.299 248.971 24.7 7.8 2.3

Energy services

211.740 219.794 226.848 17.3 7.1 3.2

Electricity

208.589 214.488 220.208 11.8 5.6 2.7

Utility (piped) gas service

203.460 215.289 224.541 29.9 10.4 4.3

Household furnishings and operations

127.324 126.427 127.163 6.9 -0.1 0.6

Apparel

127.341 132.492 129.609 3.9 1.8 -2.2

Transportation

270.029 269.939 287.237 16.3 6.4 6.4

Private transportation

268.103 266.264 286.535 19.2 6.9 7.6

New and used motor vehicles(3)

121.113 113.437 126.618 12.2 4.5 11.6

New vehicles(1)

245.205 247.817 250.238 16.4 2.1 1.0

Used cars and trucks(1)

401.553 405.064 414.351 8.0 3.2 2.3

Motor fuel

328.344 369.870 392.904 60.4 19.7 6.2

Gasoline (all types)

326.948 368.128 391.297 60.2 19.7 6.3

Gasoline, unleaded regular(4)

326.734 368.637 391.120 60.7 19.7 6.1

Gasoline, unleaded midgrade(4)(5)

334.962 372.647 398.842 57.8 19.1 7.0

Gasoline, unleaded premium(4)

331.517 368.403 396.448 57.0 19.6 7.6

Medical care

561.104 560.619 571.113 6.8 1.8 1.9

Recreation(3)

141.036 140.927 141.231 5.1 0.1 0.2

Education and communication(3)

155.131 155.119 155.051 2.0 -0.1 0.0

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

1,304.026 1,306.547 1,307.013 2.2 0.2 0.0

Other goods and services

472.350 468.287 474.322 5.2 0.4 1.3

Commodity and service group

All items

307.781 309.243 313.589 6.7 1.9 1.4

Commodities

221.803 226.222 227.812 12.1 2.7 0.7

Commodities less food and beverages

167.452 172.350 174.064 14.6 3.9 1.0

Nondurables less food and beverages

212.172 223.193 225.999 20.0 6.5 1.3

Durables

112.132 112.328 113.069 8.7 0.8 0.7

Services

380.500 379.299 386.050 4.3 1.5 1.8

Special aggregate indexes

All items less medical care

296.762 298.292 302.384 6.7 1.9 1.4

All items less shelter

269.430 270.999 276.310 9.6 2.6 2.0

Commodities less food

172.148 177.069 178.755 14.1 3.8 1.0

Nondurables

263.145 270.046 271.983 13.4 3.4 0.7

Nondurables less food

216.797 227.430 230.081 18.8 6.1 1.2

Services less rent of shelter(2)

366.603 362.670 375.262 7.2 2.4 3.5

Services less medical care services

364.242 363.005 369.321 4.0 1.4 1.7

Energy

270.704 293.717 305.732 39.2 12.9 4.1

All items less energy

314.315 314.028 317.795 4.8 1.1 1.2

All items less food and energy

316.879 316.140 320.418 4.1 1.1 1.4

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: Wednesday, July 13, 2022