New York-New Jersey Information Office

News Release Information

13–692–NEW

Tuesday, April 16, 2013

Contacts

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

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

Area prices up 0.1 percent over the month and 1.9 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), ticked up 0.1 percent in March, following increases of 0.6 percent in February and 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the slowdown to declining energy prices, which largely offset increases in shelter and public transportation. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U increased 1.9 percent, and the index for all items less food and energy rose 2.1 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, March 2010-March 2013

Food

The food index inched up 0.1 percent, after dropping 0.5 percent in February. Grocery prices were unchanged in March. Higher prices were reported for bacon, soups, snacks, and cakes and cookies, and lower prices were recorded for butter and margarine, salad dressing, and carbonated drinks. Prices for food away from home ticked up 0.1 percent.

For the year ended in March 2013, the food index advanced 1.5 percent. Prices for food at and away from home also rose 1.5 percent. (See table 1.)

Energy

The energy index decreased 1.5 percent, following two consecutive increases. The rise was primarily due to a 2.6-percent fall in household energy prices. Electricity charges dropped 4.4 percent, and lower prices were reported for fuel oil. Natural gas prices, in contrast, rose 0.7 percent. Gasoline prices dipped 0.2 percent.

From March 2012 to March 2013, energy prices increased 0.4 percent. A 6.4-percent jump in natural gas charges helped push household energy prices up 2.1 percent; gasoline prices, on the other hand, fell 1.3 percent.

All items less food and energy

The index for all items less food and energy increased 0.3 percent, driven in part by higher prices for public transportation, including airfares. Residential rent increased 0.5 percent, contributing to a 0.2-percent increase in shelter. Apparel prices, often up in March, rose 0.8 percent.

Over the year, the index for all items less food and energy increased 2.1 percent. Shelter prices rose 2.3 percent, with residential rent advancing 3.5 percent. Prices for medical care also rose 3.5 percent, and prices for apparel increased 1.6 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

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 March, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 252.739, up 0.2 percent over the month. The CPI-W increased 1.8 percent over the year.

The April 2013 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Thursday, May 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-
Jan.
2013
Feb.
2013
March
2013
March
2012
Jan.
2013
Feb.
2013

Expenditure category

All items

254.807 256.234 256.589 1.9 0.7 0.1

All items (1967=100)

736.613 740.736 741.764

Food and beverages

246.755 245.825 245.958 1.6 -0.3 0.1

Food

246.545 245.303 245.512 1.5 -0.4 0.1

Food at home

248.150 245.888 246.008 1.5 -0.9 0.0

Food away from home

251.029 251.087 251.418 1.5 0.2 0.1

Alcoholic beverages

245.888 249.352 248.424 2.3 1.0 -0.4

Housing

268.881 269.260 269.193 2.1 0.1 0.0

Shelter

327.598 328.725 329.511 2.3 0.6 0.2

Rent of primary residence (1)

332.991 334.895 336.693 3.5 1.1 0.5

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

334.950 335.482 335.681 2.0 0.2 0.1

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

334.770 335.296 335.496 2.0 0.2 0.1

Fuels and utilities

207.645 205.617 200.908 2.3 -3.2 -2.3

Household energy

204.860 202.576 197.259 2.1 -3.7 -2.6

Energy services (1)

188.553 184.545 179.428 2.7 -4.8 -2.8

Electricity (1)

191.444 186.245 178.022 1.0 -7.0 -4.4

Utility (piped) gas service (1)

177.034 175.515 176.733 6.4 -0.2 0.7

Household furnishings and operations

121.813 121.346 121.899 -0.3 0.1 0.5

Apparel

123.400 128.008 129.082 1.6 4.6 0.8

Transportation

227.739 231.853 233.541 2.0 2.5 0.7

Private transportation

216.131 219.968 220.041 0.7 1.8 0.0

Motor fuel

281.900 297.582 296.874 -1.3 5.3 -0.2

Gasoline (all types)

280.510 296.391 295.737 -1.3 5.4 -0.2

Gasoline, unleaded regular (3)

282.095 299.398 298.555 -1.8 5.8 -0.3

Gasoline, unleaded midgrade (3) (4)

285.471 297.958 298.062 -0.2 4.4 0.0

Gasoline, unleaded premium (3)

279.556 291.882 291.419 0.3 4.2 -0.2

Medical care

417.173 423.298 423.763 3.5 1.6 0.1

Recreation (5)

118.485 119.331 119.304 0.6 0.7 0.0

Education and communication (5)

139.909 140.114 139.954 1.1 0.0 -0.1

Other goods and services

393.129 393.712 393.790 0.7 0.2 0.0

Commodity and service group

All items

254.807 256.234 256.589 1.9 0.7 0.1

Commodities

193.934 195.792 195.913 0.6 1.0 0.1

Commodities less food and beverages

158.829 161.952 162.062 -0.1 2.0 0.1

Nondurables less food and beverages

201.746 207.365 207.684 0.1 2.9 0.2

Durables

104.166 104.377 104.249 -0.5 0.1 -0.1

Services

307.013 308.072 308.628 2.6 0.5 0.2

Special aggregate indexes

All items less medical care

247.606 248.857 249.207 1.8 0.6 0.1

All items less shelter

226.400 227.946 228.132 1.6 0.8 0.1

Commodities less food

162.443 165.593 165.671 0.0 2.0 0.0

Nondurables

226.605 229.154 229.389 0.9 1.2 0.1

Nondurables less food

204.754 210.265 210.514 0.3 2.8 0.1

Services less rent of shelter (2)

295.292 296.304 296.616 2.9 0.4 0.1

Services less medical care services

298.017 298.747 299.327 2.5 0.4 0.2

Energy

236.993 241.822 238.293 0.4 0.5 -1.5

All items less energy

258.343 259.443 260.185 2.0 0.7 0.3

All items less food and energy

262.102 263.660 264.509 2.1 0.9 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: May 16, 2013

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