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13-343-PHI

Thursday, February 21, 2013

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Consumer Price Index, Northeast Region – January 2013

Regional Prices Up 0.3 Percent Over the Month and 1.8 Percent Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region edged up 0.3 percent in January, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent increase was due largely to a one-month advance in the all items less food and energy index (0.2 percent). The indexes for energy and food also increased since December, up 1.1 and 0.7 percent, respectively. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

For the third consecutive month, the CPI-U and its largest component, all items less food and energy, each posted over-the-year price advances of 1.8 percent. (See chart 1 and table A.) The indexes for food and energy also rose since January 2012, up 1.7 percent each. (See table 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Northeast region, January 2010 to January 2013 (not seasonally adjusted)



Food

The food index rose 0.7 percent in January. Prices for food at home and food away from home increased over the month, up 1.0 and 0.2 percent, respectively.

Over the last 12 months, the food index rose 1.7 percent as both of its components—food at home and food away from home—posted identical price increases of 1.7 percent. Over-the-year price advances for food away from home have remained uninterrupted since the inception of the index in 1977. The food at home index has posted consecutive 12-month price increases for the last 34 months.

Energy

The energy index, which includes prices for household and transportation fuels, rose 1.1 percent since December. The one-month increase was due mostly to a 4.4-percent advance in electricity prices. Utility (piped) gas service prices were also higher in January, up 0.8 percent. Moderating the overall increase in the energy index were lower gasoline prices, down 0.4 percent.

Energy prices increased 1.7 percent over the year, primarily reflecting a 2.2-percent advance in gasoline prices. Electricity prices also rose since January 2012, up 2.0 percent. Partially offsetting these increases was the 27th consecutive over-the-year decrease in utility (piped) gas service prices, down 0.4 percent.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent in January, led by an increase in education and communication prices, up 0.4 percent. Prices were also higher for various other components including recreation (0.5 percent), and shelter (0.1 percent). Moderating the advance in the all items less food and energy index was a smaller-than-usual seasonal decrease in apparel prices, down 0.8 percent over the month.

The index for all items less food and energy rose 1.8 percent over the year. The 12-month advance was led by higher prices for shelter (2.1 percent), particularly those for owners’ equivalent rent of residences (1.9 percent). Widespread price increases among other components, including medical care (2.1 percent) and education and communication (1.3 percent), also contributed to the rise in the all items less food and energy index since January 2012.

The February 2013 Consumer Price Index for the Northeast region is scheduled to be released on March 15, 2013, at 8:30 a.m. (ET).

Table A. Northeast region CPI-U 1-month and 12-month percent changes, all items index (not seasonally adjusted)
Month 2008 2009 2010 2011 2012 2013
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 3.9 0.2 0.5 0.4 3.0 0.4 1.6 0.4 2.9 0.3 1.8

February

0.4 4.0 0.6 0.7 0.0 2.5 0.5 2.0 0.4 2.8

March

0.8 3.9 0.2 0.2 0.3 2.6 0.8 2.5 0.5 2.5

April

0.5 3.9 0.2 -0.1 0.2 2.5 0.5 2.8 0.3 2.3

May

0.9 4.3 0.1 -0.8 0.2 2.6 0.5 3.2 -0.1 1.7

June

1.1 5.0 0.8 -1.2 -0.1 1.7 0.1 3.4 -0.2 1.5

July

0.8 5.7 0.1 -1.9 0.0 1.6 0.2 3.6 -0.1 1.1

August

-0.3 5.5 0.3 -1.2 0.1 1.4 0.3 3.8 0.5 1.3

September

-0.4 5.2 0.1 -0.7 -0.1 1.2 0.1 4.0 0.5 1.7

October

-0.9 4.0 0.0 0.2 0.3 1.5 -0.1 3.6 0.1 1.9

November

-1.6 1.7 0.2 2.0 0.2 1.5 -0.1 3.2 0.2 1.8

December

-0.9 0.7 -0.1 2.8 0.0 1.6 -0.3 2.9 -0.3 1.8

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 26,000 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 Northeast region is comprised of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, Northeast Region, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
Historical
data
Nov.
2012
Dec.
2012
Jan.
2013
Jan.
2012
Nov.
2012
Dec.
2012

All items

Jump to page with historical data
247.097 246.456 247.277 1.8 0.1 0.3

All items (December 1977 = 100)

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389.102 388.094 389.386

Food and beverages

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241.471 241.478 243.031 1.7 0.6 0.6

Food

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241.348 241.343 242.947 1.7 0.7 0.7

Food at home

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240.353 240.583 243.016 1.7 1.1 1.0

Food away from home

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245.850 245.498 245.899 1.7 0.0 0.2

Alcoholic beverages

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241.671 241.849 242.663 1.2 0.4 0.3

Housing

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253.107 253.294 254.299 1.8 0.5 0.4

Shelter

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304.677 304.891 305.150 2.1 0.2 0.1

Rent of primary residence (1)

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303.148 303.907 304.407 2.3 0.4 0.2

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

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316.662 317.162 317.244 1.9 0.2 0.0

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

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316.559 317.061 317.150 1.9 0.2 0.0

Fuels and utilities

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218.862 219.324 224.304 1.5 2.5 2.3

Household energy

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198.327 198.798 204.026 1.2 2.9 2.6

Energy services (1)

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185.133 185.523 191.488 1.2 3.4 3.2

Electricity (1)

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182.728 182.119 190.050 2.0 4.0 4.4

Utility (piped) gas service (1)

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178.991 181.438 182.953 -0.4 2.2 0.8

Household furnishings and operations

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128.044 127.926 128.521 0.5 0.4 0.5

Apparel

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132.110 127.979 126.919 1.9 -3.9 -0.8

Transportation

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216.923 214.789 214.909 2.0 -0.9 0.1

Private transportation

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210.087 207.722 207.800 1.6 -1.1 0.0

New and used motor vehicles (3)

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98.381 98.645 99.084 0.2 0.7 0.4

New vehicles

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143.698 143.947 144.976 1.6 0.9 0.7

New cars and trucks (3) (4)

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99.580 99.763 100.480 1.6 0.9 0.7

New cars (4)

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139.699 139.806 140.590 1.5 0.6 0.6

Used cars and trucks

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155.078 154.570 154.679 -1.2 -0.3 0.1

Motor fuel

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308.659 295.805 294.479 2.2 -4.6 -0.4

Gasoline (all types)

Jump to page with historical data
307.372 294.352 293.045 2.2 -4.7 -0.4

Gasoline, unleaded regular (4)

Jump to page with historical data
308.476 294.974 293.474 1.8 -4.9 -0.5

Gasoline, unleaded midgrade (4) (5)

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313.995 301.680 300.805 3.2 -4.2 -0.3

Gasoline, unleaded premium (4)

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298.012 286.760 286.168 3.8 -4.0 -0.2

Medical care

Jump to page with historical data
440.321 439.991 441.430 2.1 0.3 0.3

Medical care commodities

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365.054 362.335 362.800 -0.6 -0.6 0.1

Medical care services

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459.764 460.424 462.228 3.0 0.5 0.4

Professional services

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342.947 344.245 345.730 1.4 0.8 0.4

Recreation (3)

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119.708 119.549 120.172 1.0 0.4 0.5

Education and communication (3)

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135.974 135.752 136.358 1.3 0.3 0.4

Other goods and services

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428.698 429.778 430.507 1.9 0.4 0.2

Commodity and service group

Commodities

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195.129 193.360 193.971 1.1 -0.6 0.3

Commodities less food and beverages

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167.214 164.739 164.915 0.8 -1.4 0.1

Nondurables less food and beverages

Jump to page with historical data
217.899 213.169 212.934 1.2 -2.3 -0.1

Durables

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110.596 110.419 110.985 -0.1 0.4 0.5

Services

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298.130 298.553 299.578 2.2 0.5 0.3

Special aggregate indexes

All items less shelter

Jump to page with historical data
227.920 226.958 227.993 1.7 0.0 0.5

All items less medical care

Jump to page with historical data
238.549 237.900 238.694 1.8 0.1 0.3

Commodities less food

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170.164 167.749 167.943 0.8 -1.3 0.1

Nondurables

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230.895 228.343 228.943 1.5 -0.8 0.3

Nondurables less food

Jump to page with historical data
219.274 214.802 214.622 1.2 -2.1 -0.1

Services less rent of shelter (2)

Jump to page with historical data
301.654 302.409 304.328 2.4 0.9 0.6

Services less medical care services

Jump to page with historical data
286.874 287.280 288.254 2.1 0.5 0.3

Energy

Jump to page with historical data
244.421 239.396 241.935 1.7 -1.0 1.1

All items less energy

Jump to page with historical data
249.751 249.569 250.215 1.8 0.2 0.3

All items less food and energy

Jump to page with historical data
252.844 252.629 253.098 1.8 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) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.

Note: Index applies to a month as a whole, not to any specific date.

Last Modified Date: February 25, 2013