New York-New Jersey Information Office

News Release Information

13–973–NEW

Thursday, May 16, 2013

Contacts

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

Consumer Price Index, New York-Northern New Jersey – April 2013

Area prices down 0.2 percent over the month, up 1.4 percent over the year

Prices in the New York-Northern New Jersey-Long Island area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 0.2 percent in April, following three consecutive increases beginning in January, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the slowdown to declining energy prices, which offset increases in food prices. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U increased 1.4 percent, and the index for all items less food and energy rose 1.9 percent. (See chart 1. and table A. ) Higher prices for shelter drove the 12-month change in both indexes.

Chart 1. Over-the-year percent chang in CPI-U, New York-Northern New Jersey-Long Island, April 2010-April 2013

Food

The food index increased 0.6 percent, after rising 0.1 percent in March. Grocery prices increased 0.7 percent in April. Higher prices were reported for butter and margarine, and soups, and lower prices were recorded for cakes, cupcakes, and cookies. Prices for food away from home grew 0.4 percent.

For the year ended in April 2013, the food index advanced 1.9 percent. Prices for food at home and for food away from home rose 2.1 percent and 1.7 percent, respectively. (See table 1.)

Energy

The energy index dropped 2.9 percent, following a 1.5-percent decline in March. The decline was primarily due to a 4.0-percent fall in gasoline prices. Electricity charges decreased 1.0 percent, and lower prices were reported for fuel oil. Natural gas prices dipped 0.9 percent.

From April 2012 to April 2013, energy prices dropped 3.3 percent. A 8.2-percent fall in gasoline charges helped pushed prices down; household energy prices, on the other hand, increased 1.7 percent as prices for electricity and natural gas rose 0.7 and 9.0 percent, respectively.

All items less food and energy

The index for all items less food and energy ticked down 0.1 percent, as higher prices for medical care were offset by price declines for apparel. Residential rent dipped 0.1 percent, while the index for education and communication was unchanged in April.

Over the year, the index for all items less food and energy increased 1.9 percent. Shelter prices rose 2.3 percent, after increasing by the same amount in the year ended in March. Prices for medical care rose 3.6 percent, and prices for apparel increased by 0.6 percent.

Table A. New York-Northern New Jersey CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2008 2009 2010 2011 2012 2013
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.2 3.7 0.2 1.5 0.2 2.4 0.3 1.5 0.4 2.8 0.5 2.2

February

0.5 3.6 0.5 1.6 0.0 1.8 0.5 2.1 0.4 2.6 0.6 2.4

March

0.9 3.8 0.2 0.8 0.5 2.1 0.7 2.3 0.6 2.6 0.1 1.9

April

0.3 3.6 0.2 0.8 0.2 2.1 0.4 2.5 0.2 2.4 -0.2 1.4

May

1.0 4.0 0.2 -0.1 0.2 2.2 0.6 2.9 0.1 1.8

June

1.0 4.5 0.5 -0.6 -0.1 1.5 0.2 3.2 -0.1 1.6

July

0.7 5.1 0.2 -1.1 0.1 1.5 0.3 3.3 -0.2 1.1

August

0.1 5.4 0.3 -0.9 0.2 1.4 0.4 3.5 0.6 1.4

September

-0.2 5.2 0.1 -0.6 0.0 1.2 0.2 3.8 0.4 1.6

October

-0.7 4.3 -0.1 0.0 0.2 1.5 -0.2 3.3 -0.1 1.7

November

-1.6 2.2 0.2 1.8 0.0 1.3 -0.3 3.0 0.0 2.0

December

-0.6 1.6 -0.1 2.3 0.0 1.4 -0.4 2.7 -0.3 2.1

CPI-W

In April, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 252.024, down 0.3 percent over the month. The CPI-W increased 1.3 percent over the year.

The May 2013 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Tuesday, June 18, 2013 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 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 25,000 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 New York-Northern New Jersey-Long Island, N.Y.-N.J.-Conn.-Pa. consolidated area covered in this release is comprised of Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, Middlesex, and New Haven Counties in Connecticut; 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-Northern N.J.-Long Island, NY-NJ-CT-PA (1982-84=100 unless otherwise noted)(not seasonally adjusted)
Item and Group Indexes Percent change from-
Feb.
2013
March
2013
April
2013
April
2012
Feb.
2013
March
2013

Expenditure category

All items

256.234 256.589 255.967 1.4 -0.1 -0.2

All items (1967=100)

740.736 741.764 739.965

Food and beverages

245.825 245.958 247.261 1.9 0.6 0.5

Food

245.303 245.512 246.904 1.9 0.7 0.6

Food at home

245.888 246.008 247.665 2.1 0.7 0.7

Food away from home

251.087 251.418 252.502 1.7 0.6 0.4

Alcoholic beverages

249.352 248.424 248.445 2.0 -0.4 0.0

Housing

269.260 269.193 268.403 1.9 -0.3 -0.3

Shelter

328.725 329.511 329.241 2.3 0.2 -0.1

Rent of primary residence (1)

334.895 336.693 336.492 3.2 0.5 -0.1

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

335.482 335.681 335.846 2.0 0.1 0.0

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

335.296 335.496 335.659 2.0 0.1 0.0

Fuels and utilities

205.617 200.908 197.662 1.9 -3.9 -1.6

Household energy

202.576 197.259 193.682 1.7 -4.4 -1.8

Energy services (1)

184.545 179.428 177.711 3.3 -3.7 -1.0

Electricity (1)

186.245 178.022 176.276 0.7 -5.4 -1.0

Utility (piped) gas service (1)

175.515 176.733 175.127 9.0 -0.2 -0.9

Household furnishings and operations

121.346 121.899 121.067 -2.2 -0.2 -0.7

Apparel

128.008 129.082 128.179 0.6 0.1 -0.7

Transportation

231.853 233.541 230.865 -0.4 -0.4 -1.1

Private transportation

219.968 220.041 217.228 -1.7 -1.2 -1.3

Motor fuel

297.582 296.874 285.206 -8.1 -4.2 -3.9

Gasoline (all types)

296.391 295.737 283.984 -8.2 -4.2 -4.0

Gasoline, unleaded regular (3)

299.398 298.555 286.048 -8.8 -4.5 -4.2

Gasoline, unleaded midgrade (3) (4)

297.958 298.062 286.709 -7.1 -3.8 -3.8

Gasoline, unleaded premium (3)

291.882 291.419 282.633 -5.8 -3.2 -3.0

Medical care

423.298 423.763 424.875 3.6 0.4 0.3

Recreation (5)

119.331 119.304 119.167 0.5 -0.1 -0.1

Education and communication (5)

140.114 139.954 139.891 0.9 -0.2 0.0

Other goods and services

393.712 393.790 394.581 0.9 0.2 0.2

Commodity and service group

All items

256.234 256.589 255.967 1.4 -0.1 -0.2

Commodities

195.792 195.913 194.984 -0.4 -0.4 -0.5

Commodities less food and beverages

161.952 162.062 160.093 -2.1 -1.1 -1.2

Nondurables less food and beverages

207.365 207.684 204.367 -2.4 -1.4 -1.6

Durables

104.377 104.249 103.867 -1.5 -0.5 -0.4

Services

308.072 308.628 308.267 2.5 0.1 -0.1

Special aggregate indexes

All items less medical care

248.857 249.207 248.526 1.3 -0.1 -0.3

All items less shelter

227.946 228.132 227.371 0.9 -0.3 -0.3

Commodities less food

165.593 165.671 163.754 -1.9 -1.1 -1.2

Nondurables

229.154 229.389 228.247 -0.2 -0.4 -0.5

Nondurables less food

210.265 210.514 207.378 -2.1 -1.4 -1.5

Services less rent of shelter (2)

296.304 296.616 296.060 2.6 -0.1 -0.2

Services less medical care services

298.747 299.327 298.915 2.4 0.1 -0.1

Energy

241.822 238.293 231.477 -3.3 -4.3 -2.9

All items less energy

259.443 260.185 260.171 1.9 0.3 0.0

All items less food and energy

263.660 264.509 264.223 1.9 0.2 -0.1

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) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.

NOTE: Index applies to a month as a whole, not to any specific date.
The New York-Northern New Jersey-Long Island, NY-NJ-CT-PA consolidated area comprises the five boroughs of New York City, Nassau, Suffolk, Westchester, Rockland, Putnam, Dutchess, and Orange Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Monmouth, Middlesex, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, New Haven, and Middlesex Counties in Connecticut; and Pike County in Pennsylvania.