New York-New Jersey Information Office

News Release Information

13–1199–NEW

Tuesday, June 18, 2013

Contacts

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

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

Area prices up 0.1 percent over the month and 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), ticked up 0.1 percent in May after edging down 0.2 percent in April, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli noted that price increases for energy and shelter were largely offset by falling 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,May 2010-May 2013

Food

The food index dropped 0.6 percent, reversing a 0.6-percent increase in April. Prices for food at home fell 1.1 percent, the largest decline reported since November 2006. Among the groceries with lower prices in May were butter and margarine, baby food, snacks, and carbonated drinks. Prices for food away from home inched down 0.1 percent.

Over the year, the food index rose 0.7 percent. At-home food prices increased 0.3 percent, and away-from-home food prices rose 1.3 percent. (See table 1.)

Energy

The energy index increased 0.6 percent, after declines in each of the two prior months. The upturn was primarily attributable to higher prices for electricity, which registered a 3.9-percent increase. In contrast, prices for natural gas and gasoline each dropped 0.3 percent.

For the year ended in May 2013, energy prices decreased 1.5 percent. A 5.8-percent decline in gasoline prices outweighed increases of 1.3 percent for electricity and 11.9 percent for natural gas.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent, after dipping 0.1 percent in April. Shelter prices and residential rent each increased 0.3 percent. Airline fares rose, and prices for recreation increased 0.4 percent, with cable and satellite television charges, as well as admissions, up in May. These increases were tempered by price declines for apparel and medical care.

From May 2012 to May 2013, the index for all items less food and energy increased 1.9 percent. Prices for shelter rose 2.2 percent, and residential rent increased 3.1 percent. Medical care prices posted a 2.8-percent increase, and recreation prices advanced 1.2 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 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

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 May, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 252.259, up 0.1 percent over the month. The CPI-W increased 1.3 percent over the year.

The June 2013 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Tuesday, July 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-
March
2013
April
2013
May
2013
May
2012
March
2013
April
2013

Expenditure category

All items

256.589 255.967 256.270 1.4 -0.1 0.1

All items (1967=100)

741.764 739.965 740.840

Food and beverages

245.958 247.261 245.856 0.8 0.0 -0.6

Food

245.512 246.904 245.302 0.7 -0.1 -0.6

Food at home

246.008 247.665 245.010 0.3 -0.4 -1.1

Food away from home

251.418 252.502 252.233 1.3 0.3 -0.1

Alcoholic beverages

248.424 248.445 249.828 2.1 0.6 0.6

Housing

269.193 268.403 269.517 2.0 0.1 0.4

Shelter

329.511 329.241 330.174 2.2 0.2 0.3

Rent of primary residence (1)

336.693 336.492 337.590 3.1 0.3 0.3

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

335.681 335.846 336.275 1.9 0.2 0.1

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

335.496 335.659 336.084 1.9 0.2 0.1

Fuels and utilities

200.908 197.662 200.465 2.8 -0.2 1.4

Household energy

197.259 193.682 196.687 2.8 -0.3 1.6

Energy services (1)

179.428 177.711 182.119 4.5 1.5 2.5

Electricity (1)

178.022 176.276 183.134 1.3 2.9 3.9

Utility (piped) gas service (1)

176.733 175.127 174.526 11.9 -1.2 -0.3

Household furnishings and operations

121.899 121.067 121.576 -0.8 -0.3 0.4

Apparel

129.082 128.179 126.863 -0.1 -1.7 -1.0

Transportation

233.541 230.865 231.723 0.7 -0.8 0.4

Private transportation

220.041 217.228 217.461 -0.6 -1.2 0.1

Motor fuel

296.874 285.206 284.133 -5.8 -4.3 -0.4

Gasoline (all types)

295.737 283.984 282.996 -5.8 -4.3 -0.3

Gasoline, unleaded regular (3)

298.555 286.048 285.266 -6.2 -4.5 -0.3

Gasoline, unleaded midgrade (3) (4)

298.062 286.709 285.117 -5.5 -4.3 -0.6

Gasoline, unleaded premium (3)

291.419 282.633 281.058 -4.2 -3.6 -0.6

Medical care

423.763 424.875 424.325 2.8 0.1 -0.1

Recreation (5)

119.304 119.167 119.592 1.2 0.2 0.4

Education and communication (5)

139.954 139.891 139.832 0.8 -0.1 0.0

Other goods and services

393.790 394.581 394.279 1.0 0.1 -0.1

Commodity and service group

All items

256.589 255.967 256.270 1.4 -0.1 0.1

Commodities

195.913 194.984 194.168 -0.5 -0.9 -0.4

Commodities less food and beverages

162.062 160.093 159.603 -1.5 -1.5 -0.3

Nondurables less food and beverages

207.684 204.367 203.097 -1.7 -2.2 -0.6

Durables

104.249 103.867 104.263 -1.0 0.0 0.4

Services

308.628 308.267 309.525 2.5 0.3 0.4

Special aggregate indexes

All items less medical care

249.207 248.526 248.858 1.4 -0.1 0.1

All items less shelter

228.132 227.371 227.426 1.0 -0.3 0.0

Commodities less food

165.671 163.754 163.320 -1.3 -1.4 -0.3

Nondurables

229.389 228.247 226.892 -0.4 -1.1 -0.6

Nondurables less food

210.514 207.378 206.256 -1.5 -2.0 -0.5

Services less rent of shelter (2)

296.616 296.060 297.764 2.9 0.4 0.6

Services less medical care services

299.327 298.915 300.179 2.5 0.3 0.4

Energy

238.293 231.477 232.887 -1.5 -2.3 0.6

All items less energy

260.185 260.171 260.366 1.7 0.1 0.1

All items less food and energy

264.509 264.223 264.766 1.9 0.1 0.2

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: July 18, 2012

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