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14-1378-BOS

Tuesday, July 22, 2014

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CONSUMER PRICE INDEX, NORTHEAST REGION – JUNE 2014

Regional Prices Unchanged Over the Month; Up 1.9 Percent Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast was unchanged in June, the U.S. Bureau of Labor Statistics reported today. Deborah A. Brown, the Bureau’s regional commissioner, noted that the all items less food and energy index was also unchanged, while both the energy index (-0.2 percent) and the food index (-0.1 percent) declined slightly over the month. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U increased 1.9 percent, due mainly to an advance in the all items less food and energy index, up 1.7 percent. (See chart 1 and table A.) The energy and food indexes also rose since June 2013, up 3.9 and 1.7 percent, respectively. (See table 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Northeast region, June 2011 to June 2014 (not seasonally adjusted)

Food

Over the month, food prices inched down 0.1 percent. Following a 1.1-percent increase in May, food at home prices declined 0.3 percent in June. Prices for food away from home increased 0.3 percent since May.

Over the year, the food index rose 1.7 percent. Similarly, prices for the food at home component advanced 1.7 percent and those for food away from home, 1.8 percent since June 2013.

Energy

The energy index, which includes prices for household and transportation fuels, edged down 0.2 percent over the month. Prices for utility (piped) gas service decreased 2.8 percent; gasoline prices edged down 0.2 percent. An increase in electricity prices (1.4 percent) moderated the overall decline in the energy index since May.

The energy index increased 3.9 percent over the year, due largely to higher prices for gasoline (4.5 percent); electricity prices also rose, up 4.0 percent. Utility (piped) gas service prices declined 0.9 percent since June 2013.

All items less food and energy

The index for all items less food and energy was unchanged over the month. A seasonal decrease in apparel prices (-1.8 percent) was offset by price increases for household furnishings and operations (0.4 percent) and recreation (0.2 percent), among others. Prices for shelter were unchanged since May.

The all items less food and energy index rose 1.7 percent over the year. The advance primarily reflected a 2.8-percent increase in prices for shelter. Prices were lower in just two categories since June 2013: household furnishings and operations prices were down 1.7 percent and those for new and used motor vehicles, 0.2 percent.

The July 2014 Consumer Price Index for the Northeast region is scheduled to be released on August 19, 2014, at 8:30 a.m. (ET).

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index (not seasonally adjusted)
Month 2009 2010 2011 2012 2013 2014
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

0.2 0.5 0.4 3.0 0.4 1.6 0.4 2.9 0.3 1.8 0.6 1.5

February

0.6 0.7 0.0 2.5 0.5 2.0 0.4 2.8 0.6 2.0 0.1 1.0

March

0.2 0.2 0.3 2.6 0.8 2.5 0.5 2.5 0.0 1.5 0.5 1.5

April

0.2 -0.1 0.2 2.5 0.5 2.8 0.3 2.3 -0.1 1.1 0.0 1.6

May

0.1 -0.8 0.2 2.6 0.5 3.2 -0.1 1.7 0.0 1.2 0.4 2.0

June

0.8 -1.2 -0.1 1.7 0.1 3.4 -0.2 1.5 0.1 1.5 0.0 1.9

July

0.1 -1.9 0.0 1.6 0.2 3.6 -0.1 1.1 0.2 1.8

August

0.3 -1.2 0.1 1.4 0.3 3.8 0.5 1.3 0.2 1.5

September

0.1 -0.7 -0.1 1.2 0.1 4.0 0.5 1.7 0.1 1.1

October

0.0 0.2 0.3 1.5 -0.1 3.6 0.1 1.9 -0.4 0.7

November

0.2 2.0 0.2 1.5 -0.1 3.2 0.2 1.8 0.1 1.0

December

-0.1 2.8 0.0 1.6 -0.3 2.9 -0.3 1.8 0.0 1.3

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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 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 87 urban areas across the country from about 4,000 housing units and approximately 26,000 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/homch17_a.htm.

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 Northeast region is comprised of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Northeast (1982-84=100 unless otherwise noted)
Expenditure category Indexes Percent change from
Historical
data
Apr.
2014
May
2014
Jun.
2014
Jun.
2013
Apr.
2014
May
2014

All items

Jump to page with historical data
252.506 253.598 253.555 1.9 0.4 0.0

All items (December 1977 = 100)

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397.619 399.339 399.271

Food and beverages

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245.684 247.213 246.950 1.6 0.5 -0.1

Food

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245.588 247.177 246.990 1.7 0.6 -0.1

Food at home

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243.573 246.166 245.405 1.7 0.8 -0.3

Food away from home

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251.638 251.756 252.418 1.8 0.3 0.3

Alcoholic beverages

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245.756 246.507 245.270 0.1 -0.2 -0.5

Housing

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261.192 262.198 262.333 2.4 0.4 0.1

Shelter

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315.663 317.363 317.463 2.8 0.6 0.0

Rent of primary residence (1)

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314.988 315.883 316.277 2.6 0.4 0.1

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

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327.241 327.998 328.483 2.9 0.4 0.1

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

Jump to page with historical data
327.122 327.878 328.354 2.9 0.4 0.1

Fuels and utilities

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228.207 228.329 228.188 3.2 0.0 -0.1

Household energy

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206.834 206.958 206.745 3.2 0.0 -0.1

Energy services (1)

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194.829 195.715 196.193 2.5 0.7 0.2

Electricity (1)

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190.794 197.344 200.176 4.0 4.9 1.4

Utility (piped) gas service (1)

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193.132 180.727 175.675 -0.9 -9.0 -2.8

Household furnishings and operations

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125.586 124.936 125.424 -1.7 -0.1 0.4

Apparel

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130.628 130.688 128.287 0.3 -1.8 -1.8

Transportation

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220.139 222.368 222.575 2.2 1.1 0.1

Private transportation

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212.500 214.024 213.805 2.1 0.6 -0.1

New and used motor vehicles (3)

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98.809 98.853 98.730 -0.2 -0.1 -0.1

New vehicles

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144.921 144.771 144.637 0.8 -0.2 -0.1

New cars and trucks (3) (4)

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100.391 100.298 100.204 0.8 -0.2 -0.1

New cars (4)

Jump to page with historical data
138.504 138.430 138.154 -0.3 -0.3 -0.2

Used cars and trucks

Jump to page with historical data
157.903 158.953 159.423 -0.1 1.0 0.3

Motor fuel

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305.244 312.055 311.420 4.6 2.0 -0.2

Gasoline (all types)

Jump to page with historical data
303.824 310.727 310.142 4.5 2.1 -0.2

Gasoline, unleaded regular (4)

Jump to page with historical data
305.000 311.958 311.375 4.7 2.1 -0.2

Gasoline, unleaded midgrade (4) (5)

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309.451 316.199 315.618 4.1 2.0 -0.2

Gasoline, unleaded premium (4)

Jump to page with historical data
294.380 300.957 300.484 4.0 2.1 -0.2

Medical care

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453.094 455.144 455.224 1.6 0.5 0.0

Medical care commodities

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366.828 367.258 369.352 0.7 0.7 0.6

Medical care services

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476.951 479.534 478.916 1.9 0.4 -0.1

Professional services

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351.468 352.693 353.137 0.7 0.5 0.1

Recreation (3)

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120.427 120.197 120.489 0.4 0.1 0.2

Education and communication (3)

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137.623 137.517 137.512 0.9 -0.1 0.0

Other goods and services

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438.977 439.354 440.226 2.3 0.3 0.2

Commodity and service group

Commodities

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195.718 196.497 196.076 1.2 0.2 -0.2

Commodities less food and beverages

Jump to page with historical data
166.186 166.611 166.140 0.9 0.0 -0.3

Nondurables less food and beverages

Jump to page with historical data
216.999 218.247 217.350 2.0 0.2 -0.4

Durables

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109.659 109.334 109.269 -1.1 -0.4 -0.1

Services

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308.177 309.570 309.869 2.3 0.5 0.1

Special aggregate indexes

All items less shelter

Jump to page with historical data
231.317 232.191 232.094 1.5 0.3 0.0

All items less medical care

Jump to page with historical data
243.649 244.699 244.652 1.9 0.4 0.0

Commodities less food

Jump to page with historical data
169.258 169.695 169.198 0.8 0.0 -0.3

Nondurables

Jump to page with historical data
232.360 233.752 233.148 1.8 0.3 -0.3

Nondurables less food

Jump to page with historical data
218.589 219.807 218.890 1.9 0.1 -0.4

Services less rent of shelter (2)

Jump to page with historical data
311.008 312.092 312.615 1.8 0.5 0.2

Services less medical care services

Jump to page with historical data
296.443 297.758 298.110 2.4 0.6 0.1

Energy

Jump to page with historical data
248.059 250.971 250.581 3.9 1.0 -0.2

All items less energy

Jump to page with historical data
255.415 256.329 256.322 1.7 0.4 0.0

All items less food and energy

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258.817 259.616 259.641 1.7 0.3 0.0

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) 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.

Note: Index applies to a month as a whole, not to any specific date.