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News Release Information

20-1391-NEW
Tuesday, July 14, 2020

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

Consumer Price Index, New York-Newark-Jersey City – June 2020

Area prices up 0.1 percent over the month and 1.3 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 0.1 percent in June, after increasing 0.5 percent in May, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the increase to higher energy 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 increased 1.3 percent. (See chart 1 and table A.) The index for all items less food and energy advanced 1.5 percent. Price increases for shelter drove the 12-month change in both indexes. (See table 1.)

Food

The food index edged down 0.1 percent in June, after rising 1.2 percent in May. Prices for food at home dropped 0.7 percent, with lower prices reported for five of the six major grocery groups. Eggs, beef roasts, and carbonated drinks were among the items with June price declines. By contrast, prices for food away from home climbed 0.7 percent.

From June 2019 to June 2020, the food index advanced 4.9 percent. Prices for food at home rose 5.4 percent, and prices for food away from home rose 4.2 percent.

Energy

The energy index increased 5.9 percent in June, after decreasing 1.2 percent in May. Household energy prices rose 7.8 percent. Electricity prices jumped 11.9 percent—the largest increase in over ten years—partly reflecting seasonal surcharges. By contrast, natural gas prices declined 1.0 percent. Gasoline prices rose 2.6 percent in June, following a 4.8-percent decline one month earlier.

For the year ended in June 2020, energy prices dropped 9.7 percent, primarily due to a 24.2-percent fall in gasoline prices. Household energy prices rose 0.6 percent, with higher prices for electricity (5.3 percent) and for natural gas (0.2 percent). 

All items less food and energy

The index for all items less food and energy decreased 0.2 percent in June, following a 0.5-percent increase in May. Prices declined for recreation (-7.2 percent), new vehicles (-1.7 percent), and used cars and trucks (-1.1 percent), among other categories. These declines were tempered by increases in motor vehicle insurance (9.5 percent), household furnishings and operations (1.8 percent), and medical care (0.8 percent). Shelter prices were flat over the month, with residential rent up 0.1 percent and owners’ equivalent rent unchanged.

Over the year, the index for all items less food and energy rose 1.5 percent. A 1.9-percent increase in shelter prices included a 2.7-percent rise in owners’ equivalent rent and a 1.9-percent increase in residential rent. Medical care and recreation prices rose 5.1 and 2.6 percent, respectively. A 4.3-percent rise in prices for tuition, other school fees, and childcare contributed to a 2.5-percent increase in prices for education and communication. Partly offsetting these increases was a decline for apparel (-7.8 percent).

Table A. New York-Newark-Jersey City CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month 2015 2016 2017 2018 2019 2020
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

0.1 -0.5 0.2 0.8 0.6 2.5 0.4 1.4 0.5 1.6 0.8 2.5

February

0.3 0.1 0.2 0.6 0.3 2.6 0.5 1.7 0.2 1.3 0.2 2.4

March

0.2 -0.1 0.2 0.7 0.0 2.3 0.0 1.7 0.3 1.6 -0.2 2.0

April

0.1 0.0 0.4 1.0 0.1 2.0 0.3 1.9 0.3 1.6 -0.5 1.1

May

0.4 -0.1 0.3 0.9 0.1 1.8 0.4 2.2 0.2 1.5 0.5 1.4

June

0.2 0.1 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 -0.1 -0.1 1.0 -0.2 1.6 0.0 2.2 0.0 1.7

August

0.1 0.1 0.2 1.1 0.2 1.7 0.1 2.2 0.2 1.8

September

0.2 0.3 0.2 1.0 0.5 2.1 0.4 2.0 0.0 1.4

October

-0.1 0.4 0.1 1.2 -0.2 1.8 -0.1 2.0 0.0 1.5

November

-0.2 0.6 0.2 1.6 -0.1 1.6 -0.2 1.9 0.1 1.8

December

-0.4 0.7 0.1 2.1 0.1 1.6 -0.2 1.6 0.1 2.2

Footnotes:
(R) = revised.

CPI-W

In June, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 276.529, unchanged over the month. The CPI-W rose 1.2 percent over the year.

The July 2020 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Wednesday, August 12, 2020, at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on June 2020 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 June 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 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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 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 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 (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-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 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-Newark-Jersey City, NY-NJ-PA, not seasonally adjusted
(1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from-
April
2020
May
2020
June
2020
June
2019
April
2020
May
2020

Expenditure category

All items

280.623 282.092 282.333 1.3 0.6 0.1

All items (1967=100)

811.241 815.490 816.185      

Food and beverages

281.042 284.171 283.866 4.7 1.0 -0.1

Food

281.380 284.654 284.462 4.9 1.1 -0.1

Food at home

270.644 274.785 272.888 5.4 0.8 -0.7

Cereals and bakery products

310.214 308.436 319.724 5.4 3.1 3.7

Meats, poultry, fish, and eggs

270.179 284.368 280.832 9.7 3.9 -1.2

Dairy and related products

238.563 244.577 242.453 6.1 1.6 -0.9

Fruits and vegetables

341.610 339.187 338.841 3.9 -0.8 -0.1

Nonalcoholic beverages and beverage materials(1)

266.718 273.103 265.127 1.3 -0.6 -2.9

Other food at home

239.915 239.612 234.973 4.3 -2.1 -1.9

Food away from home

304.310 306.452 308.662 4.2 1.4 0.7

Alcoholic beverages

271.661 272.738 270.889 2.0 -0.3 -0.7

Housing

306.467 306.606 308.680 1.7 0.7 0.7

Shelter

391.605 391.742 391.894 1.9 0.1 0.0

Rent of primary residence

407.462 407.966 408.318 1.9 0.2 0.1

Owners' equivalent rent of residences(2)

399.954 400.201 400.381 2.7 0.1 0.0

Owners' equivalent rent of primary residence(2)

399.459 399.705 399.885 2.7 0.1 0.0

Fuels and utilities

186.538 188.427 200.896 1.2 7.7 6.6

Household energy

175.677 177.215 191.006 0.6 8.7 7.8

Energy services

174.143 175.941 189.809 4.8 9.0 7.9

Electricity

173.661 176.674 197.758 5.3 13.9 11.9

Utility (piped) gas service

163.078 162.310 160.704 0.2 -1.5 -1.0

Household furnishings and operations

108.897 107.991 109.907 -0.3 0.9 1.8

Apparel

116.808 112.596 112.850 -7.8 -3.4 0.2

Transportation

207.798 209.149 212.644 -5.4 2.3 1.7

Private transportation

197.195 197.741 201.678 -4.2 2.3 2.0

New and used motor vehicles(3)

90.428 93.208 93.299 4.5 3.2 0.1

New vehicles(1)

206.343 210.982 207.321 2.4 0.5 -1.7

Used cars and trucks(1)

269.102 267.082 264.089 -2.4 -1.9 -1.1

Motor fuel

179.650 171.070 175.435 -24.0 -2.3 2.6

Gasoline (all types)

178.549 169.939 174.363 -24.2 -2.3 2.6

Gasoline, unleaded regular(4)

176.078 167.074 171.671 -25.1 -2.5 2.8

Gasoline, unleaded midgrade(4)(5)

196.358 188.304 191.973 -18.6 -2.2 1.9

Gasoline, unleaded premium(4)

198.041 192.902 195.890 -17.7 -1.1 1.5

Motor vehicle insurance(1)

688.887 681.767 746.338 -1.8 8.3 9.5

Medical care

531.356 531.938 536.188 5.1 0.9 0.8

Recreation(3)

130.864 139.590 129.484 2.6 -1.1 -7.2

Education and communication(3)

148.037 147.976 147.716 2.5 -0.2 -0.2

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

1,256.467 1,257.297 1,258.241 4.3 0.1 0.1

Other goods and services

442.267 440.712 439.746 0.8 -0.6 -0.2

Commodity and service group

All items

280.623 282.092 282.333 1.3 0.6 0.1

Commodities

189.595 189.287 189.546 -1.5 0.0 0.1

Commodities less food and beverages

136.573 134.733 135.230 -6.7 -1.0 0.4

Nondurables less food and beverages

170.999 167.136 168.504 -9.5 -1.5 0.8

Durables

91.955 92.107 91.778 -1.4 -0.2 -0.4

Services

356.716 359.558 359.791 2.3 0.9 0.1

Special aggregate indexes

All items less medical care

269.752 271.257 271.329 1.0 0.6 0.0

All items less shelter

236.577 238.576 238.851 0.8 1.0 0.1

Commodities less food

141.473 139.709 140.139 -6.2 -0.9 0.3

Nondurables

226.725 226.177 226.759 -1.5 0.0 0.3

Nondurables less food

177.013 173.433 174.616 -8.6 -1.4 0.7

Services less rent of shelter(2)

330.281 335.975 336.311 2.8 1.8 0.1

Services less medical care services

341.700 344.625 344.585 1.9 0.8 0.0

Energy

179.746 177.516 187.978 -9.7 4.6 5.9

All items less energy

292.130 293.925 293.315 2.0 0.4 -0.2

All items less food and energy

296.045 297.611 296.928 1.5 0.3 -0.2

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, July 14, 2020