New York-New Jersey Information Office

News Release Information

13–2415–NEW

Tuesday, December 17, 2013

Contacts

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

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

Area prices up 0.1 percent over the month and 1.2 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 November, after falling 0.6 percent in October, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the upturn to rising shelter prices that were largely offset by falling energy prices. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U rose 1.2 percent, and the index for all items less food and energy advanced 2.2 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 change in CPI-U, New York-Northern New Jersey-Long Island, November 2010-November 2013

Food

The food index inched up 0.1 percent, after dropping 0.4 percent in October. Reversing two consecutive declines, prices for food away from home increased 0.6 percent. At-home food prices, in contrast, decreased 0.3 percent, with lower prices reported for bacon and breakfast sausage, chicken, potatoes, and citrus fruits.

For the year ended in November 2013, the food index edged up 0.2 percent, the smallest increase since February 2010. (See table 1.) Prices for food away from home rose 0.8 percent, and prices for food at home edged down 0.2 percent.

Energy

Following a 6.0-percent decline in October, the energy index decreased 1.1 percent. Gasoline prices declined for the third consecutive month, dropping 1.6 percent. Natural gas prices fell 6.4 percent, the largest drop since September 2009. Electricity charges, on the other hand, increased 1.3 percent, after falling 11.6 percent in October.

Over the year, energy prices fell 6.4 percent. Prices declined for gasoline (-10.2 percent) and for natural gas (-10.1 percent). Partially offsetting these increases, electricity charges rose 1.1 percent.

All items less food and energy

The index for all items less food and energy increased 0.3 percent, after no change in October. Shelter prices rose 0.4 percent. Residential rent edged up 0.2 percent, while owners’ equivalent rent increased 0.4 percent. The indexes for medical care, recreation, and education and communication recorded little or no change over the month. Apparel prices declined 1.5-percent, reflecting seasonal sales.

From November 2012 to November 2013, the index for all items less food and energy advanced 2.2 percent. Shelter prices increased 2.8 percent, the largest rise since May 2009, with residential rent 3.3 percent higher than one year earlier. Medical care rose 2.6 percent, and apparel, 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 0.4 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 0.3 1.6

October

-0.7 4.3 -0.1 0.0 0.2 1.5 -0.2 3.3 -0.1 1.7 -0.6 1.1

November

-1.6 2.2 0.2 1.8 0.0 1.3 -0.3 3.0 0.0 2.0 0. 1 1.2

December

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

CPI-W

In November, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 253.013, virtually unchanged over the month. The CPI-W increased 1.0 percent over the year.

The December 2013 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Thursday, January 16, 2014 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-
Sept.
2013
Oct.
2013
Nov.
2013
Nov.
2012
Sept.
2013
Oct.
2013

Expenditure category

All items

258.504 257.069 257.377 1.2 -0.4 0.1

All items (1967=100)

747.300 743.150 744.042

Food and beverages

247.219 246.279 246.469 0.3 -0.3 0.1

Food

246.934 245.912 246.051 0.2 -0.4 0.1

Food at home

247.425 246.255 245.405 -0.2 -0.8 -0.3

Food away from home

252.886 252.030 253.466 0.8 0.2 0.6

Alcoholic beverages

247.395 247.608 248.516 0.6 0.5 0.4

Housing

272.914 271.244 271.864 1.9 -0.4 0.2

Shelter

334.162 334.321 335.492 2.8 0.4 0.4

Rent of primary residence (1)

340.556 341.629 342.262 3.3 0.5 0.2

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

340.679 341.929 343.427 3.0 0.8 0.4

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

340.509 341.759 343.260 3.0 0.8 0.4

Fuels and utilities

208.295 196.431 195.176 -2.2 -6.3 -0.6

Household energy

204.988 191.642 190.259 -2.8 -7.2 -0.7

Energy services (1)

190.853 175.731 173.756 -2.5 -9.0 -1.1

Electricity (1)

201.757 178.410 180.746 1.1 -10.4 1.3

Utility (piped) gas service (1)

163.331 165.024 154.540 -10.1 -5.4 -6.4

Household furnishings and operations

119.193 118.865 118.992 -1.9 -0.2 0.1

Apparel

130.543 128.599 126.696 1.6 -2.9 -1.5

Transportation

231.622 228.844 230.151 -0.1 -0.6 0.6

Private transportation

218.840 215.657 215.192 -1.7 -1.7 -0.2

Motor fuel

288.850 273.313 269.099 -10.0 -6.8 -1.5

Gasoline (all types)

287.786 272.028 267.737 -10.2 -7.0 -1.6

Gasoline, unleaded regular (3)

289.978 273.633 269.028 -10.5 -7.2 -1.7

Gasoline, unleaded midgrade (3) (4)

290.624 275.821 272.525 -9.6 -6.2 -1.2

Gasoline, unleaded premium (3)

285.704 271.835 268.330 -8.8 -6.1 -1.3

Medical care

429.941 426.844 426.429 2.6 -0.8 -0.1

Recreation (5)

118.414 119.264 119.388 0.6 0.8 0.1

Education and communication (5)

141.337 141.379 141.389 1.2 0.0 0.0

Other goods and services

395.923 398.320 396.020 0.8 0.0 -0.6

Commodity and service group

All items

258.504 257.069 257.377 1.2 -0.4 0.1

Commodities

195.066 193.053 192.457 -1.2 -1.3 -0.3

Commodities less food and beverages

160.230 157.796 156.846 -2.3 -2.1 -0.6

Nondurables less food and beverages

205.810 201.605 199.811 -2.9 -2.9 -0.9

Durables

102.545 102.184 102.215 -1.0 -0.3 0.0

Services

312.903 311.958 313.039 2.5 0.0 0.3

Special aggregate indexes

All items less medical care

250.959 249.591 249.924 1.1 -0.4 0.1

All items less shelter

228.972 226.908 226.877 0.3 -0.9 0.0

Commodities less food

163.855 161.490 160.594 -2.2 -2.0 -0.6

Nondurables

228.997 226.301 225.436 -1.3 -1.6 -0.4

Nondurables less food

208.684 204.720 203.075 -2.7 -2.7 -0.8

Services less rent of shelter (2)

300.593 298.376 299.387 2.3 -0.4 0.3

Services less medical care services

303.438 302.602 303.738 2.5 0.1 0.4

Energy

239.829 225.512 222.995 -6.4 -7.0 -1.1

All items less energy

262.151 261.979 262.569 1.9 0.2 0.2

All items less food and energy

266.590 266.581 267.262 2.2 0.3 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: January 16, 2014

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