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19-1805-NEW
Thursday, October 10, 2019

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Consumer Price Index, New York-Newark-Jersey City – September 2019

Area prices unchanged over the month and up 1.4 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), were flat in September, following a 0.2-percent increase in August, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli explained that declining gasoline prices offset increases in shelter. (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 1.4 percent. The index for all items less food and energy advanced 2.1 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 edged up 0.1 percent after jumping 0.6 percent in August. Prices for food at home increased 0.1 percent. Prices for food away from home were flat.

For the year ended in September 2019, the food index increased 1.0 percent. Food-away-from-home prices rose 2.9 percent, while food-at-home prices declined 0.4 percent.

Energy

The energy index declined 1.7 percent for the second consecutive month. A 4.8-percent drop in gasoline prices drove the overall decline. Prices for household energy, by contrast, rose 0.6 percent—with a 1.6-percent rise in electricity prices.   

From September 2018 to September 2019, the energy index fell 5.6 percent, the largest 12-month decline in over three years. Gasoline prices dropped 9.0 percent. Household energy prices were down 3.0 percent, which included a 3.2-percent decline in electricity prices and a 0.4-percent rise in natural gas prices.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent. A 0.3-percent rise in owners’ equivalent rent and a 0.2-percent rise in residential rent contributed to the 0.3-percent increase in prices for shelter. Apparel prices—often up in September—rose 1.2 percent, and household furnishings and operations rose 0.9 percent. Declines in prices for recreation (-2.9 percent) and new and used motor vehicles (-1.8 percent) partially offset these increases.

Over the year, the index for all items less food and energy rose 2.1 percent. A 2.4-percent increase in shelter prices included a 3.5-percent rise in residential rent and a 2.0-percent increase in owners’ equivalent rent. Medical care prices jumped 5.2 percent. A 3.7-percent rise in prices for tuition, other school fees, and childcare contributed to a 2.5-percent increase in prices for education and communication. Prices for used cars and trucks rose 2.9 percent.

Table A. New York-Newark-Jersey City CPI-U 1-month and 12-month percent changes (not seasonally adjusted)
Month 2014 2015 2016 2017 2018 2019
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

0.9 1.9 0.1 -0.5 0.2 0.8 0.6 2.5 0.4 1.4 0.5 1.6

February

-0.2 1.1 0.3 0.1 0.2 0.6 0.3 2.6 0.5 1.7 0.2 1.3

March

0.4 1.3 0.2 -0.1 0.2 0.7 0.0 2.3 0.0 1.7 0.3 1.6

April

0.0 1.6 0.1 0.0 0.4 1.0 0.1 2.0 0.3 1.9 0.3 1.6

May

0.5 1.9 0.4 -0.1 0.3 0.9 0.1 1.8 0.4 2.2 0.2 1.5

June

0.0 1.7 0.2 0.1 0.2(R) 0.9(R) 0.2 1.8 0.1 2.0 0.3 1.7

July

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

August

-0.2 1.3 0.1 0.1 0.2 1.1 0.2 1.7 0.1 2.2 0.2 1.8

September

0.0 1.0 0.2 0.3 0.2 1.0 0.5 2.1 0.4 2.0 0.0 1.4

October

-0.2 1.3 -0.1 0.4 0.1 1.2 -0.2 1.8 -0.1 2.0

November

-0.4 0.8 -0.2 0.6 0.2 1.6 -0.1 1.6 -0.2 1.9

December

-0.5 0.3 -0.4 0.7 0.1 2.1 0.1 1.6 -0.2 1.6

Footnotes:
(R) = revised.

CPI-W

In September, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 273.722, down 0.1 percent over the month. The CPI-W rose 1.3 percent over the year.

The October 2019 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Wednesday, November 13, 2019, 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 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 5,000 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, N.Y.-N.J.-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-
July
2019
Aug.
2019
Sept.
2019
Sept.
2018
July
2019
Aug.
2019

Expenditure category

All items

278.817 279.428 279.338 1.4 0.2 0.0

All items (1967=100)

806.020 807.788 807.527      

Food and beverages

270.245 271.819 272.174 1.1 0.7 0.1

Food

270.351 271.882 272.104 1.0 0.6 0.1

Food at home

257.017 258.183 258.462 -0.4 0.6 0.1

Cereals and bakery products

301.955 305.701 303.658 -1.7 0.6 -0.7

Meats, poultry, fish, and eggs

253.356 253.208 252.924 -0.1 -0.2 -0.1

Dairy and related products

227.060 228.078 230.347 2.0 1.4 1.0

Fruits and vegetables

326.964 324.092 332.166 0.7 1.6 2.5

Nonalcoholic beverages and beverage materials(1)

257.320 255.727 255.641 0.5 -0.7 0.0

Other food at home

223.073 228.253 224.557 -2.5 0.7 -1.6

Food away from home

296.627 298.723 298.868 2.9 0.8 0.0

Alcoholic beverages

264.232 266.360 268.545 1.4 1.6 0.8

Housing

303.892 303.603 304.799 1.9 0.3 0.4

Shelter

385.269 385.875 387.167 2.4 0.5 0.3

Rent of primary residence

401.406 402.171 403.173 3.5 0.4 0.2

Owners' equivalent rent of residences(2)

391.231 392.323 393.472 2.0 0.6 0.3

Owners' equivalent rent of primary residence(2)

390.747 391.837 392.984 2.0 0.6 0.3

Fuels and utilities

196.557 193.995 195.071 -2.4 -0.8 0.6

Household energy

187.478 184.654 185.826 -3.0 -0.9 0.6

Energy services

178.343 175.469 177.238 -1.9 -0.6 1.0

Electricity

184.352 179.307 182.251 -3.2 -1.1 1.6

Utility (piped) gas service

158.748 159.393 159.245 0.4 0.3 -0.1

Household furnishings and operations

110.804 108.954 109.969 1.4 -0.8 0.9

Apparel

116.924 123.568 125.104 -5.1 7.0 1.2

Transportation

224.120 222.810 219.525 -1.2 -2.1 -1.5

Private transportation

211.012 209.861 206.086 -2.0 -2.3 -1.8

New and used motor vehicles(3)

90.246 90.513 88.904 -0.7 -1.5 -1.8

New vehicles(1)

202.679 201.823 202.289 0.7 -0.2 0.2

Used cars and trucks(1)

274.253 276.921 266.957 2.9 -2.7 -3.6

Motor fuel

230.483 225.993 215.078 -9.0 -6.7 -4.8

Gasoline (all types)

229.436 224.961 214.063 -9.0 -6.7 -4.8

Gasoline, unleaded regular(4)

228.638 223.659 212.391 -9.5 -7.1 -5.0

Gasoline, unleaded midgrade(4)(5)

234.997 233.836 225.538 -6.9 -4.0 -3.5

Gasoline, unleaded premium(4)

237.343 236.399 228.039 -5.6 -3.9 -3.5

Motor vehicle insurance(1)

757.682 757.682 757.673 1.2 0.0 0.0

Medical care

515.152 516.142 517.365 5.2 0.4 0.2

Recreation(3)

126.941 126.803 123.093 0.3 -3.0 -2.9

Education and communication(3)

144.710 146.691 147.198 2.5 1.7 0.3

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

1,212.901 1,234.606 1,241.181 3.7 2.3 0.5

Other goods and services

440.573 439.987 439.158 1.6 -0.3 -0.2

Commodity and service group

All items

278.817 279.428 279.338 1.4 0.2 0.0

Commodities

191.477 192.325 191.566 -1.0 0.0 -0.4

Commodities less food and beverages

144.085 144.551 143.329 -2.7 -0.5 -0.8

Nondurables less food and beverages

184.771 185.912 183.412 -4.3 -0.7 -1.3

Durables

92.823 92.522 92.768 0.9 -0.1 0.3

Services

352.251 352.731 353.092 2.3 0.2 0.1

Special aggregate indexes

All items less medical care

268.556 269.151 269.003 1.1 0.2 -0.1

All items less shelter

236.624 237.247 236.550 0.7 0.0 -0.3

Commodities less food

148.582 149.101 147.975 -2.5 -0.4 -0.8

Nondurables

228.990 230.359 229.146 -1.4 0.1 -0.5

Nondurables less food

189.606 190.805 188.554 -3.9 -0.6 -1.2

Services less rent of shelter(2)

327.641 327.993 327.319 2.3 -0.1 -0.2

Services less medical care services

338.524 338.971 339.130 2.0 0.2 0.0

Energy

206.481 202.981 199.539 -5.6 -3.4 -1.7

All items less energy

287.795 288.817 289.057 1.9 0.4 0.1

All items less food and energy

292.768 293.719 293.964 2.1 0.4 0.1

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: Thursday, October 10, 2019