New York-New Jersey Information Office

News Release Information

13–2092–NEW

Wednesday, October 30, 2013

Contacts

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

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

Area prices up 0.3 percent over the month and 1.6 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), increased 0.3 percent in September, after ticking up 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the rise to higher prices for energy and for apparel. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the year, the CPI-U increased 1.6 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 change in CPI-U, New York-Northern New Jersey-Long Island, Sept. 2010-Sept. 2013

Food

The food index edged up 0.2 percent, after inching up 0.1 percent in August. A 0.7-percent rise in prices for food at home was partially offset by a 0.3-percent decline in prices for food away from home. Groceries with September price increases included eggs, pork chops, salad dressing, nonfrozen juices, and carbonated drinks.

For the year ended in September 2013, the food index increased 1.4 percent. Prices for food at home rose 1.9 percent, and prices for food away from home increased 0.8 percent. (See table 1.)

Energy

The energy index rose 1.7 percent, after declining 1.8 percent in August. The upturn was attributable a 4.9-percent advance in household energy charges. Prices for electricity jumped 8.1 percent, and prices for natural gas rose 1.2 percent. Both of these energy services had posted declines in August. In contrast, gasoline prices fell 1.6 percent, following no change during the prior month.

From September 2012 to September 2013, energy prices decreased 1.9 percent, primarily because of gasoline, which dropped 6.9 percent. On the other hand, household energy prices increased 3.0 percent, including a 5.8-percent rise in charges for electricity.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent, after increasing 0.3 percent in August. A 3.7-percent rise in apparel prices reflected a seasonal increase. Prices also rose for medical care (0.7 percent) and for leased cars and trucks, but these increases were tempered by a 0.9-percent decline in recreation prices. Shelter, education and communication, and other goods and services were little changed. Within shelter, residential rent increased 0.2 percent, and owners’ equivalent rent rose 0.3 percent, but those changes were offset by a decline in out-of-town lodging, not uncommon in September.

Over the year, the index for all items less food and energy rose 2.0 percent. Medical care prices advanced 3.8 percent. Shelter prices, which included a 2.9-percent rise in residential rent, increased 2.7 percent. Not since May 2009 has the 12-month percentage increase been larger.

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

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 September, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 254.434, up 0.3 percent over the month. The CPI-W increased 1.4 percent over the year.

The October 2013 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Wednesday, November 20, 2013 at 8:30 a.m. (ET).

Federal Government Shutdown

The release of these data occurs 2 weeks later than originally scheduled because of the recent partial Federal government shutdown. Data collection for the estimates in this release had been completed prior to the shutdown in accordance with our normal schedule. However, the processing of estimates and the production of the Consumer Price Index news release were delayed due to the shutdown.

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-
July
2013
Aug.
2013
Sept.
2013
Sept.
2012
July
2013
Aug.
2013

Expenditure category

All items

257.326 257.659 258.504 1.6 0.5 0.3

All items (1967=100)

743.894 744.855 747.300

Food and beverages

246.514 246.641 247.219 1.3 0.3 0.2

Food

246.170 246.333 246.934 1.4 0.3 0.2

Food at home

245.797 245.771 247.425 1.9 0.7 0.7

Food away from home

253.232 253.645 252.886 0.8 -0.1 -0.3

Alcoholic beverages

247.525 247.151 247.395 0.3 -0.1 0.1

Housing

271.114 271.752 272.914 2.4 0.7 0.4

Shelter

331.731 334.052 334.162 2.7 0.7 0.0

Rent of primary residence (1)

338.450 339.926 340.556 2.9 0.6 0.2

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

337.007 339.596 340.679 2.5 1.1 0.3

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

336.813 339.422 340.509 2.5 1.1 0.3

Fuels and utilities

206.184 199.830 208.295 2.9 1.0 4.2

Household energy

202.663 195.483 204.988 3.0 1.1 4.9

Energy services (1)

188.758 180.038 190.853 4.6 1.1 6.0

Electricity (1)

197.223 186.623 201.757 5.8 2.3 8.1

Utility (piped) gas service (1)

166.148 161.433 163.331 1.6 -1.7 1.2

Household furnishings and operations

119.953 120.029 119.193 -2.1 -0.6 -0.7

Apparel

122.905 125.888 130.543 -0.4 6.2 3.7

Transportation

233.895 232.390 231.622 0.1 -1.0 -0.3

Private transportation

220.177 219.650 218.840 -0.9 -0.6 -0.4

Motor fuel

293.338 293.487 288.850 -6.8 -1.5 -1.6

Gasoline (all types)

292.424 292.538 287.786 -6.9 -1.6 -1.6

Gasoline, unleaded regular (3)

295.399 295.062 289.978 -7.3 -1.8 -1.7

Gasoline, unleaded midgrade (3) (4)

292.973 294.479 290.624 -6.3 -0.8 -1.3

Gasoline, unleaded premium (3)

288.197 289.496 285.704 -5.4 -0.9 -1.3

Medical care

426.445 427.025 429.941 3.8 0.8 0.7

Recreation (5)

119.977 119.478 118.414 -0.2 -1.3 -0.9

Education and communication (5)

140.801 141.167 141.337 0.8 0.4 0.1

Other goods and services

393.961 395.702 395.923 1.2 0.5 0.1

Commodity and service group

All items

257.326 257.659 258.504 1.6 0.5 0.3

Commodities

194.073 194.598 195.066 -0.7 0.5 0.2

Commodities less food and beverages

159.147 159.839 160.230 -2.1 0.7 0.2

Nondurables less food and beverages

203.136 204.694 205.810 -2.5 1.3 0.5

Durables

103.277 102.976 102.545 -1.1 -0.7 -0.4

Services

311.565 311.734 312.903 2.8 0.4 0.4

Special aggregate indexes

All items less medical care

249.870 250.192 250.959 1.4 0.4 0.3

All items less shelter

228.286 227.837 228.972 0.9 0.3 0.5

Commodities less food

162.804 163.466 163.855 -2.0 0.6 0.2

Nondurables

227.231 228.123 228.997 -0.6 0.8 0.4

Nondurables less food

206.162 207.614 208.684 -2.3 1.2 0.5

Services less rent of shelter (2)

300.433 298.197 300.593 2.9 0.1 0.8

Services less medical care services

302.256 302.354 303.438 2.7 0.4 0.4

Energy

240.190 235.864 239.829 -1.9 -0.2 1.7

All items less energy

260.812 261.608 262.151 1.9 0.5 0.2

All items less food and energy

265.134 266.055 266.590 2.0 0.5 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: November 20, 2013

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