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Thursday, July 11, 2019
Prices in the New York-Newark-Jersey City area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), rose 0.3 percent in June after edging up 0.2 percent in May, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the rise to higher prices for energy, food, and other items. (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 1.7 percent. The index for all items less food and energy advanced 2.2 percent. (See table A and chart 1.) Price increases for shelter drove the 12-month change in both indexes. (See table 1.)
FoodThe food index increased 0.6 percent after decreasing 0.2 percent during each of the prior two months. A 0.9-percent jump in prices for food at home led to the upturn, with price increases of at least 2.0 percent in three of the six grocery groups. Juices and drinks, cheese, and uncooked beef roasts were among the groceries with higher prices in June. Prices for food away from home rose 0.2 percent.
For the year ended in June 2019, the food index increased 1.7 percent. Food-away-from-home prices rose 2.2 percent, while food-at-home prices increased 1.3 percent.
EnergyThe energy index rose 1.4 percent, following increases of 1.7 percent in May and 1.9 percent in April. Prices for household energy climbed 4.9 percent, primarily due to an 8.9-percent seasonal jump in electricity charges. In contrast, gasoline prices fell 3.0 percent, following three consecutive months with price increases exceeding 5.0 percent.
From June 2018 to June 2019, the energy index declined 4.1 percent. Area gasoline prices dropped 5.0 percent, and household energy prices were down 3.4 percent. Among prices for household energy items, natural gas and electricity were each down, -3.9 percent and -2.6 percent, respectively.
All items less food and energyThe index for all items less food and energy inched up 0.1 percent, marking a sixth consecutive increase. Prices for used cars and trucks rose 1.0 percent, and medical care prices advanced 0.9 percent. A 0.3-percent rise in residential rent contributed to an uptick of 0.1 percent in prices for shelter. Partly offsetting these increases was a 0.2-percent decline in prices for education and communication.
Over the year, the index for all items less food and energy rose 2.2 percent. A 2.4-percent increase in shelter prices included a 3.4-percent rise in residential rent and a 1.8-percent increase in owners’ equivalent rent. Medical care, with a 12-month increase of 5.2 percent, was the next largest contributor to the change in the index. A 3.4-percent rise in tuition, other school fees, and childcare contributed to a 1.9-percent increase in prices for education and communication. Recreation prices also rose 1.9 percent.
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 | ||
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 | ||
The July 2019 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Tuesday, August 13, 2019, at 8:30 a.m. (ET).
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.
Item and Group | Indexes | Percent change from- | ||||
---|---|---|---|---|---|---|
April 2019 |
May 2019 |
June 2019 |
June 2018 |
April 2019 |
May 2019 |
|
Expenditure category |
||||||
All items |
277.441 | 278.068 | 278.802 | 1.7 | 0.5 | 0.3 |
All items (1967=100) |
802.042 | 803.857 | 805.977 | |||
Food and beverages |
270.123 | 269.707 | 271.178 | 1.7 | 0.4 | 0.5 |
Food |
270.294 | 269.643 | 271.257 | 1.7 | 0.4 | 0.6 |
Food at home |
258.348 | 256.611 | 258.911 | 1.3 | 0.2 | 0.9 |
Cereals and bakery products |
300.794 | 306.056 | 303.424 | -0.8 | 0.9 | -0.9 |
Meats, poultry, fish, and eggs |
254.478 | 249.685 | 255.910 | 1.3 | 0.6 | 2.5 |
Dairy and related products |
227.752 | 224.001 | 228.473 | 3.5 | 0.3 | 2.0 |
Fruits and vegetables |
325.386 | 328.599 | 326.234 | 1.4 | 0.3 | -0.7 |
Nonalcoholic beverages and beverage materials(1) |
255.104 | 251.206 | 261.808 | 3.5 | 2.6 | 4.2 |
Other food at home |
229.749 | 226.441 | 225.216 | 0.1 | -2.0 | -0.5 |
Food away from home |
294.575 | 295.465 | 296.138 | 2.2 | 0.5 | 0.2 |
Alcoholic beverages |
263.215 | 266.044 | 265.516 | 1.5 | 0.9 | -0.2 |
Housing |
302.413 | 302.192 | 303.608 | 1.8 | 0.4 | 0.5 |
Shelter |
384.220 | 384.085 | 384.598 | 2.4 | 0.1 | 0.1 |
Rent of primary residence |
398.932 | 399.681 | 400.852 | 3.4 | 0.5 | 0.3 |
Owners' equivalent rent of residences(2) |
389.944 | 389.868 | 389.878 | 1.8 | 0.0 | 0.0 |
Owners' equivalent rent of primary residence(2) |
389.461 | 389.385 | 389.395 | 1.8 | 0.0 | 0.0 |
Fuels and utilities |
192.664 | 190.433 | 198.596 | -2.8 | 3.1 | 4.3 |
Household energy |
183.483 | 181.053 | 189.944 | -3.4 | 3.5 | 4.9 |
Energy services |
174.095 | 171.555 | 181.158 | -3.0 | 4.1 | 5.6 |
Electricity |
175.302 | 172.359 | 187.778 | -2.6 | 7.1 | 8.9 |
Utility (piped) gas service |
162.164 | 160.395 | 160.454 | -3.9 | -1.1 | 0.0 |
Household furnishings and operations |
109.450 | 110.371 | 110.192 | 1.7 | 0.7 | -0.2 |
Apparel |
120.552 | 122.042 | 122.340 | 0.4 | 1.5 | 0.2 |
Transportation |
223.336 | 226.897 | 224.883 | -0.7 | 0.7 | -0.9 |
Private transportation |
210.603 | 212.972 | 210.569 | -1.2 | 0.0 | -1.1 |
New and used motor vehicles(3) |
91.015 | 90.026 | 89.297 | -2.5 | -1.9 | -0.8 |
New vehicles(1) |
204.534 | 204.301 | 202.513 | 0.8 | -1.0 | -0.9 |
Used cars and trucks(1) |
270.612 | 267.819 | 270.613 | 1.1 | 0.0 | 1.0 |
Motor fuel |
225.223 | 238.052 | 230.968 | -5.0 | 2.6 | -3.0 |
Gasoline (all types) |
224.169 | 236.979 | 229.914 | -5.0 | 2.6 | -3.0 |
Gasoline, unleaded regular(4) |
223.441 | 236.450 | 229.090 | -5.2 | 2.5 | -3.1 |
228.991 | 241.485 | 235.762 | -4.8 | 3.0 | -2.4 | |
Gasoline, unleaded premium(4) |
231.591 | 242.951 | 237.990 | -3.7 | 2.8 | -2.0 |
Motor vehicle insurance(1) |
763.145 | 761.868 | 760.120 | 2.7 | -0.4 | -0.2 |
Medical care |
504.551 | 505.462 | 510.146 | 5.2 | 1.1 | 0.9 |
Recreation(3) |
125.593 | 126.044 | 126.225 | 1.9 | 0.5 | 0.1 |
Education and communication(3) |
144.143 | 144.380 | 144.133 | 1.9 | 0.0 | -0.2 |
Tuition, other school fees, and child care(1) |
1,204.276 | 1,205.871 | 1,205.806 | 3.4 | 0.1 | 0.0 |
Other goods and services |
433.891 | 435.631 | 436.126 | 0.7 | 0.5 | 0.1 |
Commodity and service group |
||||||
All items |
277.441 | 278.068 | 278.802 | 1.7 | 0.5 | 0.3 |
Commodities |
191.104 | 192.610 | 192.396 | 0.1 | 0.7 | -0.1 |
Commodities less food and beverages |
143.619 | 145.914 | 144.943 | -1.2 | 0.9 | -0.7 |
Nondurables less food and beverages |
183.761 | 187.698 | 186.153 | -1.6 | 1.3 | -0.8 |
Durables |
92.979 | 93.358 | 93.064 | -0.3 | 0.1 | -0.3 |
Services |
350.122 | 350.182 | 351.598 | 2.3 | 0.4 | 0.4 |
Special aggregate indexes |
||||||
All items less medical care |
267.579 | 268.195 | 268.757 | 1.4 | 0.4 | 0.2 |
All items less shelter |
235.082 | 236.055 | 236.896 | 1.2 | 0.8 | 0.4 |
Commodities less food |
148.097 | 150.422 | 149.458 | -1.1 | 0.9 | -0.6 |
Nondurables |
228.375 | 230.352 | 230.191 | 0.2 | 0.8 | -0.1 |
Nondurables less food |
188.594 | 192.480 | 190.987 | -1.4 | 1.3 | -0.8 |
Services less rent of shelter(2) |
324.226 | 324.505 | 326.992 | 2.2 | 0.9 | 0.8 |
Services less medical care services |
336.972 | 336.934 | 338.118 | 1.9 | 0.3 | 0.4 |
Energy |
201.948 | 205.330 | 208.222 | -4.1 | 3.1 | 1.4 |
All items less energy |
286.722 | 287.082 | 287.606 | 2.1 | 0.3 | 0.2 |
All items less food and energy |
291.529 | 292.048 | 292.408 | 2.2 | 0.3 | 0.1 |
Footnotes |
Last Modified Date: Thursday, July 11, 2019