Mid-Atlantic Information Office

News Release Information

13-1228-PHI

Tuesday, June 18, 2013

Contacts

Technical information:
Media contact:

Consumer Price Index, Northeast Region – May 2013

Regional Prices Unchanged Over the Month; Up 1.2 Percent Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region was unchanged in May, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that since April a 0.2-percent increase in the all items less food and energy index was offset by decreases in the energy (-0.5 percent) and food (-0.3 percent) indexes. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U increased 1.2 percent, due mostly to a 1.6-percent advance in the all items less food and energy index. (See chart 1 and table A.) The food index also rose since May 2012, up 1.0 percent, while the energy index decreased 2.1 percent. (See table 1.)

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

Food

Following a 0.4-percent rise in April, the food index edged down 0.3 percent in May. One of its two components, food at home, decreased 0.6 percent while the other, food away from home, was unchanged over the month.

Over the year, the food index advanced 1.0 percent. Prices for both the food away from home and food at home components increased since last May, up 1.8 and 0.5 percent, respectively.

Energy

The energy index, which includes prices for household and transportation fuels, declined 0.5 percent since April. The decrease was due largely to the third consecutive over-the-month decline in gasoline prices, down 0.9 percent since April and 5.1 percent since February. Utility (piped) gas service prices fell 1.5 percent in May, while electricity prices rose 2.2 percent.

Energy prices declined 2.1 percent over the year, reflecting a 6.5-percent drop in gasoline prices. Utility (piped) gas service prices jumped 12.7 percent over the year, their largest 12-month advance since October 2008. Electricity prices also increased since May 2012, up 2.5 percent, their largest 12-month advance in over 3 years.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent in May. The recent advance was dominated by higher prices for shelter (0.4 percent). Household furnishings and operations prices also rose since April, up 0.2 percent. Moderating the price increases within the all items less food and energy index was a seasonal decrease in prices for apparel (-1.1 percent) and a decline in those for new and used motor vehicles (-0.2 percent), among others.

The index for all items less food and energy rose 1.6 percent over the year. The 12-month advance was led by higher prices for shelter (2.0 percent), particularly those for owners’ equivalent rent of residences (1.7 percent). Price increases among other components, including medical care (2.1 percent) and education and communication (1.0 percent), also contributed to the rise in the all items less food and energy index since May 2012.

The June 2013 Consumer Price Index for the Northeast region is scheduled to be released on July 16, 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 0.6 2.0

March

0.8 3.9 0.2 0.2 0.3 2.6 0.8 2.5 0.5 2.5 0.0 1.5

April

0.5 3.9 0.2 -0.1 0.2 2.5 0.5 2.8 0.3 2.3 -0.1 1.1

May

0.9 4.3 0.1 -0.8 0.2 2.6 0.5 3.2 -0.1 1.7 0.0 1.2

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
Mar.
2013
Apr.
2013
May
2013
May
2012
Mar.
2013
Apr.
2013

All items

Jump to page with historical data
248.719 248.464 248.584 1.2 -0.1 0.0

All items (December 1977 = 100)

Jump to page with historical data
391.657 391.255 391.444

Food and beverages

Jump to page with historical data
242.247 243.324 242.669 1.1 0.2 -0.3

Food

Jump to page with historical data
242.001 243.057 242.305 1.0 0.1 -0.3

Food at home

Jump to page with historical data
241.071 242.120 240.781 0.5 -0.1 -0.6

Food away from home

Jump to page with historical data
246.415 247.494 247.596 1.8 0.5 0.0

Alcoholic beverages

Jump to page with historical data
244.217 245.613 246.375 2.5 0.9 0.3

Housing

Jump to page with historical data
254.689 254.570 255.487 1.9 0.3 0.4

Shelter

Jump to page with historical data
306.748 306.765 308.100 2.0 0.4 0.4

Rent of primary residence (1)

Jump to page with historical data
306.762 306.780 307.775 2.7 0.3 0.3

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

Jump to page with historical data
317.898 318.106 318.574 1.7 0.2 0.1

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

Jump to page with historical data
317.802 318.006 318.472 1.7 0.2 0.1

Fuels and utilities

Jump to page with historical data
220.169 220.047 220.028 2.7 -0.1 0.0

Household energy

Jump to page with historical data
199.619 199.419 199.327 2.7 -0.1 0.0

Energy services (1)

Jump to page with historical data
185.575 187.803 189.614 5.5 2.2 1.0

Electricity (1)

Jump to page with historical data
181.337 184.595 188.564 2.5 4.0 2.2

Utility (piped) gas service (1)

Jump to page with historical data
183.220 183.174 180.383 12.7 -1.5 -1.5

Household furnishings and operations

Jump to page with historical data
128.269 127.620 127.905 -0.1 -0.3 0.2

Apparel

Jump to page with historical data
130.408 131.107 129.700 -1.0 -0.5 -1.1

Transportation

Jump to page with historical data
220.030 217.554 217.465 -0.4 -1.2 0.0

Private transportation

Jump to page with historical data
212.229 209.465 209.028 -1.1 -1.5 -0.2

New and used motor vehicles (3)

Jump to page with historical data
99.432 99.279 99.039 -0.5 -0.4 -0.2

New vehicles

Jump to page with historical data
144.646 144.574 144.034 0.8 -0.4 -0.4

New cars and trucks (3) (4)

Jump to page with historical data
100.247 100.192 99.816 0.8 -0.4 -0.4

New cars (4)

Jump to page with historical data
140.043 139.769 139.063 0.3 -0.7 -0.5

Used cars and trucks

Jump to page with historical data
157.819 158.822 159.285 -2.2 0.9 0.3

Motor fuel

Jump to page with historical data
311.504 298.883 296.239 -6.4 -4.9 -0.9

Gasoline (all types)

Jump to page with historical data
310.263 297.617 295.028 -6.5 -4.9 -0.9

Gasoline, unleaded regular (4)

Jump to page with historical data
311.368 298.118 295.615 -6.9 -5.1 -0.8

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
316.790 304.833 302.021 -5.6 -4.7 -0.9

Gasoline, unleaded premium (4)

Jump to page with historical data
300.842 290.807 287.901 -4.7 -4.3 -1.0

Medical care

Jump to page with historical data
445.676 447.411 446.653 2.1 0.2 -0.2

Medical care commodities

Jump to page with historical data
365.485 365.334 364.503 -0.7 -0.3 -0.2

Medical care services

Jump to page with historical data
467.004 469.470 468.761 3.1 0.4 -0.2

Professional services

Jump to page with historical data
347.704 350.125 349.521 2.1 0.5 -0.2

Recreation (3)

Jump to page with historical data
120.445 120.381 120.462 0.7 0.0 0.1

Education and communication (3)

Jump to page with historical data
136.477 136.264 136.122 1.0 -0.3 -0.1

Other goods and services

Jump to page with historical data
430.720 431.595 431.176 1.2 0.1 -0.1

Commodity and service group

Commodities

Jump to page with historical data
195.772 194.902 194.117 -0.8 -0.8 -0.4

Commodities less food and beverages

Jump to page with historical data
167.775 166.087 165.276 -2.0 -1.5 -0.5

Nondurables less food and beverages

Jump to page with historical data
218.419 215.214 213.609 -2.6 -2.2 -0.7

Durables

Jump to page with historical data
111.171 111.030 111.025 -1.0 -0.1 0.0

Services

Jump to page with historical data
300.692 301.016 301.994 2.4 0.4 0.3

Special aggregate indexes

All items less shelter

Jump to page with historical data
229.391 229.032 228.704 0.7 -0.3 -0.1

All items less medical care

Jump to page with historical data
240.023 239.693 239.846 1.1 -0.1 0.1

Commodities less food

Jump to page with historical data
170.782 169.170 168.398 -1.9 -1.4 -0.5

Nondurables

Jump to page with historical data
231.539 230.313 229.139 -0.8 -1.0 -0.5

Nondurables less food

Jump to page with historical data
219.902 216.939 215.458 -2.3 -2.0 -0.7

Services less rent of shelter (2)

Jump to page with historical data
304.928 305.572 306.191 2.9 0.4 0.2

Services less medical care services

Jump to page with historical data
289.161 289.367 290.427 2.4 0.4 0.4

Energy

Jump to page with historical data
246.358 241.032 239.888 -2.1 -2.6 -0.5

All items less energy

Jump to page with historical data
251.356 251.635 251.891 1.5 0.2 0.1

All items less food and energy

Jump to page with historical data
254.639 254.774 255.221 1.6 0.2 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: June 18, 2013