New York-New Jersey Information Office

News Release Information

13–1912–NEW

Tuesday, September 17, 2013

Contacts

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

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

Area prices up 0.1 percent over the month and 1.7 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), inched up 0.1 percent in August after increasing 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli said that the index reflected rising prices for shelter and other items that were largely offset by declining prices for energy. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U increased 1.7 percent, and the index for all items less food and energy rose 2.0 percent. (See chart 1. and table A. ) The 12-month increase in both indexes was primarily attributable to higher prices for shelter.

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

Food

The food index ticked up 0.1 percent, after declining 0.3 percent in July. Prices for food away from home rose 0.2 percent for the third consecutive month, and prices for food at home were unchanged. Price increases for some groceries, including ground beef, were offset by price declines for others, including lettuce.

Over the year, the food index increased 1.0 percent. Prices for food at home rose 1.0 percent, and prices for food away from home increased 1.1 percent. (See table 1.)

Energy

The energy index declined 1.8 percent after three consecutive increases. The downturn was attributable to lower prices for energy services, which dropped 4.6 percent. Electricity charges fell 5.4 percent, and natural gas prices decreased 2.8 percent. In contrast, gasoline prices were unchanged in August, after advancing 2.9 percent one month earlier, and fuel oil prices rose.

For the year ended in August 2013, energy prices dipped 0.2 percent, primarily because of gasoline, which decreased 1.2 percent. Charges for energy services increased 1.0 percent, with a 1.8-percent rise in electricity prices outweighing a 0.6-percent decline in natural gas prices.

All items less food and energy

The index for all items less food and energy rose 0.3 percent in August, after inching up 0.1 percent in each of the prior two months. Prices for shelter climbed 0.7 percent, the largest increase since March 2009. Owners’ equivalent rent jumped 0.8 percent, and residential rent rose 0.4 percent. Prices were also higher for out-of-town lodging. Price increases were recorded among other categories, including a 2.4-percent seasonal increase in apparel. Other goods and services rose 0.4 percent, and education and communication increased 0.3 percent, due in part to rising charges for land-line services. Tempering these increases were declines in recreation, airline fares, and leased cars and trucks.

From August 2012 to August 2013, the index for all items less food and energy rose 2.0 percent. The shelter component increased 2.7 percent, with residential rent advancing 3.0 percent. The only other major expenditure category to register a 12-month increase above 2.0 percent was medical care (3.1).

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 0.4 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 0.1 1.4

June

1.0 4.5 0.5 -0.6 -0.1 1.5 0.2 3.2 -0.1 1.6 0.3 1.8

July

0.7 5.1 0.2 -1.1 0.1 1.5 0.3 3.3 -0.2 1.1 0.2 2.1

August

0.1 5.4 0.3 -0.9 0.2 1.4 0.4 3.5 0.6 1.4 0.1 1.7

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 August, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 253.633, up 0.1 percent over the month. The CPI-W increased 1.6 percent over the year.

The September 2013 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Wednesday, October 16, 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-
June
2013
July
2013
Aug.
2013
Aug.
2012
June
2013
July
2013

Expenditure category

All items

256.911 257.326 257.659 1.7 0.3 0.1

All items (1967=100)

742.694 743.894 744.855

Food and beverages

247.241 246.514 246.641 1.0 -0.2 0.1

Food

246.961 246.170 246.333 1.0 -0.3 0.1

Food at home

247.501 245.797 245.771 1.0 -0.7 0.0

Food away from home

252.848 253.232 253.645 1.1 0.3 0.2

Alcoholic beverages

247.348 247.525 247.151 0.3 -0.1 -0.2

Housing

270.574 271.114 271.752 2.2 0.4 0.2

Shelter

331.114 331.731 334.052 2.7 0.9 0.7

Rent of primary residence (1)

338.117 338.450 339.926 3.0 0.5 0.4

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

336.933 337.007 339.596 2.3 0.8 0.8

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

336.739 336.813 339.422 2.3 0.8 0.8

Fuels and utilities

204.080 206.184 199.830 0.8 -2.1 -3.1

Household energy

200.717 202.663 195.483 0.7 -2.6 -3.5

Energy services (1)

187.096 188.758 180.038 1.0 -3.8 -4.6

Electricity (1)

192.896 197.223 186.623 1.8 -3.3 -5.4

Utility (piped) gas service (1)

169.836 166.148 161.433 -0.6 -4.9 -2.8

Household furnishings and operations

121.014 119.953 120.029 -1.6 -0.8 0.1

Apparel

125.575 122.905 125.888 -0.5 0.2 2.4

Transportation

231.971 233.895 232.390 1.6 0.2 -0.6

Private transportation

217.761 220.177 219.650 0.7 0.9 -0.2

Motor fuel

285.106 293.338 293.487 -1.2 2.9 0.1

Gasoline (all types)

284.053 292.424 292.538 -1.2 3.0 0.0

Gasoline, unleaded regular (3)

286.312 295.399 295.062 -1.4 3.1 -0.1

Gasoline, unleaded midgrade (3) (4)

286.407 292.973 294.479 -0.8 2.8 0.5

Gasoline, unleaded premium (3)

282.106 288.197 289.496 -0.2 2.6 0.5

Medical care

426.585 426.445 427.025 3.1 0.1 0.1

Recreation (5)

119.374 119.977 119.478 0.7 0.1 -0.4

Education and communication (5)

139.996 140.801 141.167 1.1 0.8 0.3

Other goods and services

392.649 393.961 395.702 1.0 0.8 0.4

Commodity and service group

All items

256.911 257.326 257.659 1.7 0.3 0.1

Commodities

194.158 194.073 194.598 0.0 0.2 0.3

Commodities less food and beverages

158.915 159.147 159.839 -0.8 0.6 0.4

Nondurables less food and beverages

202.431 203.136 204.694 -0.6 1.1 0.8

Durables

103.583 103.277 102.976 -1.2 -0.6 -0.3

Services

310.723 311.565 311.734 2.6 0.3 0.1

Special aggregate indexes

All items less medical care

249.438 249.870 250.192 1.6 0.3 0.1

All items less shelter

227.950 228.286 227.837 1.1 0.0 -0.2

Commodities less food

162.573 162.804 163.466 -0.8 0.5 0.4

Nondurables

227.205 227.231 228.123 0.2 0.4 0.4

Nondurables less food

205.485 206.162 207.614 -0.6 1.0 0.7

Services less rent of shelter (2)

299.288 300.433 298.197 2.4 -0.4 -0.7

Services less medical care services

301.324 302.256 302.354 2.5 0.3 0.0

Energy

235.735 240.190 235.864 -0.2 0.1 -1.8

All items less energy

260.794 260.812 261.608 1.8 0.3 0.3

All items less food and energy

264.959 265.134 266.055 2.0 0.4 0.3

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.

Last Modified Date: October 30, 2013

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