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17-1653-NEW
Wednesday, December 13, 2017

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

Area prices down 0.1 percent over the month and up 1.6 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), ticked down 0.1 percent in November after decreasing 0.2 percent in October, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the index movement to a seasonal decline in apparel prices. (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 1.6 percent. The index for all items less food and energy increased 1.1 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 unchanged after increasing 0.4 percent in October. Prices for food away from home rose 0.3 percent for the second consecutive month, but this increase was offset by a 0.3-percent drop in prices for food at home. Turkey, potatoes, flour, and sugar were among the groceries that had lower prices in November.

For the year ended in November 2017, the food index increased 2.1 percent. Prices rose 2.2 percent for food away from home, while prices for food at home increased 1.9 percent.

Energy

The energy index rose 0.7 percent after falling 5.0 percent in October. Household energy prices increased 0.9 percent, primarily because of a 5.8-percent jump in prices for natural gas, the largest increase since March 2016. Prices for fuel oil also rose. In contrast, electricity prices declined 2.2 percent. In addition to the increase in household energy prices, prices for gasoline rose 0.5 percent.

From November 2016 to November 2017, energy prices increased 8.0 percent, with gasoline prices rising 12.4 percent. Household energy prices advanced 5.0 percent, led by a 14.4-percent rise in natural gas prices. Electricity prices were down 1.6 percent.

All items less food and energy

The index for all items less food and energy inched down 0.1 percent, after rising 0.1 percent in October. Usually lower at this time of year, apparel prices fell 5.8 percent, the largest price reduction since December 2008. Prices were also down for other intercity transportation, household furnishings and operations, and other goods and services. Partially offsetting these declines were rising shelter prices, which inched up 0.1 percent for the second consecutive month. Within shelter, residential rent increased 0.1 percent. Price increases were also reported for medical care (0.2 percent) and for recreation (0.9 percent), due in part to higher admissions fees.

Over the year, the index for all items less food and energy rose 1.1 percent. Shelter prices increased 1.7 percent, with residential rent up 2.4 percent. Prices for medical care increased 2.1 percent and for other goods and services, 1.7 percent. Apparel prices, on the other hand, were down 1.0 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 0.5 2.1

October

-0.1 1.7 -0.6 1.1 -0.2 1.3 -0.1 0.4 0.1 1.2 -0.2 1.8

November

0.0 2.0 0.1 1.2 -0.4 0.8 -0.2 0.6 0.2 1.6 -0.1 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 November, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 264.185, down 0.1 percent over the month. The CPI-W rose 1.9 percent over the year.

The December 2017 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released Friday, January 12, 2018, 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-
Sept.
2017
Oct.
2017
Nov.
2017
Nov.
2016
Sept.
2017
Oct.
2017
 

Expenditure category

 
 

All items

270.059 269.575 269.381 1.6 -0.3 -0.1

All items (1967=100)

780.704 779.305 778.742      
 

Food and beverages

261.175 262.271 262.153 1.9 0.4 0.0

Food

261.243 262.309 262.244 2.1 0.4 0.0

Food at home

252.197 253.405 252.759 1.9 0.2 -0.3

Food away from home

281.109 281.995 282.774 2.2 0.6 0.3

Alcoholic beverages

255.792 257.289 256.463 0.1 0.3 -0.3
 

Housing

292.867 292.432 292.699 1.8 -0.1 0.1

Shelter

370.662 371.091 371.403 1.7 0.2 0.1

Rent of primary residence(1)

383.268 384.111 384.611 2.4 0.4 0.1

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

376.922 377.790 377.951 1.8 0.3 0.0

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

376.459 377.324 377.483 1.8 0.3 0.0

Fuels and utilities

190.718 184.521 185.970 4.5 -2.5 0.8

Household energy

182.804 175.806 177.428 5.0 -2.9 0.9

Energy services(1)

176.600 168.407 169.083 3.4 -4.3 0.4

Electricity(1)

186.545 174.350 170.429 -1.6 -8.6 -2.2

Utility (piped) gas service(1)

149.520 148.749 157.393 14.4 5.3 5.8

Household furnishings and operations

108.094 108.872 108.093 -0.3 0.0 -0.7
 

Apparel

132.011 130.854 123.214 -1.0 -6.7 -5.8
 

Transportation

217.462 215.299 216.099 2.3 -0.6 0.4

Private transportation

204.868 201.485 202.892 3.1 -1.0 0.7

Motor fuel

224.555 209.807 210.830 12.4 -6.1 0.5

Gasoline (all types)

223.701 208.899 209.900 12.4 -6.2 0.5

Gasoline, unleaded regular(3)

223.226 207.635 208.897 13.0 -6.4 0.6

Gasoline, unleaded midgrade(3)(4)

228.957 218.182 217.643 9.6 -4.9 -0.2

Gasoline, unleaded premium(3)

229.001 219.685 219.007 8.3 -4.4 -0.3
 

Medical care

476.539 479.874 480.607 2.1 0.9 0.2
 

Recreation(5)

123.685 121.660 122.802 1.4 -0.7 0.9
 

Education and communication(5)

142.094 142.227 142.328 -0.7 0.2 0.1
 

Other goods and services

422.606 424.127 422.113 1.7 -0.1 -0.5
 

Commodity and service group

 
 

All items

270.059 269.575 269.381 1.6 -0.3 -0.1

Commodities

189.498 188.766 187.520 1.4 -1.0 -0.7

Commodities less food and beverages

145.492 143.956 142.260 1.0 -2.2 -1.2

Nondurables less food and beverages

187.843 184.743 181.592 2.3 -3.3 -1.7

Durables

92.697 92.819 92.686 -1.5 0.0 -0.1

Services

338.253 337.945 338.544 1.6 0.1 0.2
 

Special aggregate indexes

 
 

All items less medical care

261.083 260.441 260.208 1.5 -0.3 -0.1

All items less shelter

230.219 229.361 228.960 1.5 -0.5 -0.2

Commodities less food

149.693 148.244 146.566 0.9 -2.1 -1.1

Nondurables

226.274 225.138 223.392 2.1 -1.3 -0.8

Nondurables less food

192.012 189.177 186.159 2.2 -3.0 -1.6

Services less rent of shelter(2)

313.950 312.833 313.733 1.5 -0.1 0.3

Services less medical care services

326.694 326.174 326.790 1.5 0.0 0.2

Energy

201.202 191.166 192.583 8.0 -4.3 0.7

All items less energy

278.666 279.072 278.724 1.2 0.0 -0.1

All items less food and energy

283.583 283.881 283.483 1.1 0.0 -0.1

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: Wednesday, December 13, 2017