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19-419-NEW
Tuesday, March 12, 2019

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

Area prices up 0.2 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), edged up 0.2 percent in February, following a 0.5-percent increase in January, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the rise to 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 increased 1.3 percent. The index for all items less food and energy rose 1.6 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 ticked up 0.1 percent, following a 0.6-percent increase in January. Prices for food away from home rose 0.4 percent for the second consecutive month. Prices for food at home, on the other hand, edged down 0.2 percent, with price declines in four of the six grocery groups. Groceries with lower prices in February included tomatoes, uncooked beef roasts, and carbonated drinks.

For the year ending in February 2019, the food index rose 2.3 percent. Food-away-from-home prices advanced 3.0 percent, and food-at-home prices increased 1.7 percent.

Energy

The energy index decreased 2.2 percent, marking the eighth consecutive month without an increase.  Lower prices for electricity (-3.2 percent) and natural gas (-3.1 percent) led to a 2.8-percent decline in household energy prices. Gasoline prices dropped 1.2 percent, after falling by more than 4.0 percent in each of the prior three months.

Over the year, the energy index was down 4.3 percent, primarily reflecting a 9.8-percent decline in gasoline prices. A 1.3-percent decline in electricity prices was in part offset by a 4.4-percent rise in natural gas prices, contributing to a 0.4-percent decline in household energy prices.

All items less food and energy

The index for all items less food and energy increased 0.5 percent for the second consecutive month.  Prices for apparel, often up in February, rose 5.1 percent, and a 0.4-percent advance in shelter prices included a 0.4-percent rise in residential rent. Higher prices were reported for new and used motor vehicles (1.2 percent), airline fares, recreation (0.5 percent), motor vehicle insurance (0.6 percent), and other goods and services (0.6 percent).

From February 2018 to February 2019, the index for all items less food and energy increased 1.6 percent. A 2.2-percent rise in shelter prices included a 2.5-percent rise in residential rent and a 2.2-percent increase in owners’ equivalent rent. Other expenditure categories posting increases of at least 2.0 percent included medical care (3.5 percent); tuition, other school fees, and childcare (3.3 percent); and motor vehicle insurance (2.5 percent). In contrast, prices were down 2.3 percent for apparel.

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

April

0.0 1.6 0.1 0.0 0.4 1.0 0.1 2.0 0.3 1.9

May

0.5 1.9 0.4 -0.1 0.3 0.9 0.1 1.8 0.4 2.2

June

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

July

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

August

-0.2 1.3 0.1 0.1 0.2 1.1 0.2 1.7 0.1 2.2

September

0.0 1.0 0.2 0.3 0.2 1.0 0.5 2.1 0.4 2.0

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 February, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 270.250, up 0.2 percent over the month. The CPI-W rose 1.2 percent over the year.

The March 2019 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Wednesday, April 10, 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-
Dec.
2018
Jan.
2019
Feb.
2019
Feb.
2018
Dec.
2018
Jan.
2019

Expenditure category

All items

273.836 275.144 275.823 1.3 0.7 0.2

All items (1967=100)

791.621 795.404 797.367      

Food and beverages

268.413 269.800 269.907 2.3 0.6 0.0

Food

268.381 269.865 270.046 2.3 0.6 0.1

Food at home

257.467 259.288 258.689 1.7 0.5 -0.2

Cereals and bakery products

299.450 298.472 305.249 1.5 1.9 2.3

Meats, poultry, fish, and eggs

254.975 252.938 251.255 0.7 -1.5 -0.7

Dairy and related products

224.573 228.319 224.142 -0.5 -0.2 -1.8

Fruits and vegetables

336.830 337.497 333.452 3.8 -1.0 -1.2

Nonalcoholic beverages and beverage materials(1)

246.390 258.466 256.656 0.8 4.2 -0.7

Other food at home

225.145 226.663 228.020 2.6 1.3 0.6

Food away from home

291.130 292.168 293.474 3.0 0.8 0.4

Alcoholic beverages

264.326 264.364 263.448 2.2 -0.3 -0.3

Housing

299.249 301.140 301.233 2.0 0.7 0.0

Shelter

379.546 380.188 381.584 2.2 0.5 0.4

Rent of primary residence

392.999 394.041 395.438 2.5 0.6 0.4

Owners' equivalent rent of residences(2)

388.356 388.442 388.611 2.2 0.1 0.0

Owners' equivalent rent of primary residence(2)

387.875 387.961 388.130 2.2 0.1 0.0

Fuels and utilities

193.771 200.021 195.193 0.1 0.7 -2.4

Household energy

184.852 191.719 186.384 -0.4 0.8 -2.8

Energy services

176.312 183.767 177.937 0.9 0.9 -3.2

Electricity

171.536 179.787 173.987 -1.3 1.4 -3.2

Utility (piped) gas service

173.498 179.292 173.755 4.4 0.1 -3.1

Household furnishings and operations

108.368 111.667 110.693 1.4 2.1 -0.9

Apparel

117.528 121.501 127.683 -2.3 8.6 5.1

Transportation

216.186 214.294 215.269 -2.0 -0.4 0.5

Private transportation

204.137 201.636 202.076 -2.1 -1.0 0.2

New and used motor vehicles(3)

89.426 90.020 91.099 -1.1 1.9 1.2

New vehicles(1)

201.708 203.109 204.632 1.0 1.4 0.7

Used cars and trucks(1)

264.360 266.225 267.583 1.4 1.2 0.5

Motor fuel

210.915 199.239 196.935 -9.7 -6.6 -1.2

Gasoline (all types)

209.860 198.224 195.926 -9.8 -6.6 -1.2

Gasoline, unleaded regular(4)

208.405 196.469 194.232 -10.2 -6.8 -1.1

Gasoline, unleaded midgrade(4)(5)

220.941 210.273 207.486 -7.5 -6.1 -1.3

Gasoline, unleaded premium(4)

222.012 212.662 209.920 -6.8 -5.4 -1.3

Motor vehicle insurance(1)

756.993 757.926 762.731 2.5 0.8 0.6

Medical care

497.055 501.396 501.561 3.5 0.9 0.0

Recreation(3)

124.279 124.605 125.201 -0.1 0.7 0.5

Education and communication(3)

142.726 143.331 143.119 1.0 0.3 -0.1

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

1,197.848 1,200.430 1,204.954 3.3 0.6 0.4

Other goods and services

432.511 432.522 435.245 1.9 0.6 0.6

Commodity and service group

All items

273.836 275.144 275.823 1.3 0.7 0.2

Commodities

188.586 189.572 189.976 -0.5 0.7 0.2

Commodities less food and beverages

140.883 141.627 142.143 -2.8 0.9 0.4

Nondurables less food and beverages

179.128 178.573 180.271 -4.3 0.6 1.0

Durables

92.459 94.605 93.793 0.4 1.4 -0.9

Services

345.596 347.191 348.090 2.0 0.7 0.3

Special aggregate indexes

All items less medical care

264.143 265.321 266.022 1.2 0.7 0.3

All items less shelter

231.888 233.510 233.886 0.7 0.9 0.2

Commodities less food

145.461 146.188 146.664 -2.6 0.8 0.3

Nondurables

225.014 225.360 226.347 -0.7 0.6 0.4

Nondurables less food

184.263 183.739 185.298 -3.8 0.6 0.8

Services less rent of shelter(2)

319.746 322.447 322.814 1.8 1.0 0.1

Services less medical care services

332.933 334.186 335.097 1.8 0.6 0.3

Energy

197.330 197.187 192.940 -4.3 -2.2 -2.2

All items less energy

283.194 284.654 285.825 1.7 0.9 0.4

All items less food and energy

287.724 289.192 290.525 1.6 1.0 0.5

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, March 12, 2019