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13-1453-PHI

Tuesday, July 16, 2013

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Consumer Price Index, Northeast Region – June 2013

Regional Prices Up 0.1 Percent Over the Month and 1.5 Percent Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region inched up 0.1 percent in June, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that increases in the energy (0.5 percent) and food (0.2 percent) indexes led the one-month advance, while the all items less food and energy index was unchanged since May. (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 1.5 percent, due mostly to an identical 1.5-percent advance in the all items less food and energy index. (See chart 1 and table A.) The food index also rose since June 2012, up 1.3 percent, as did the energy index, up 1.7 percent. (See table 1.)

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

Food

Following a 0.3-percent decrease in May, the food index advanced 0.2 percent over the month. One of its two components, food at home, increased 0.3 percent and the other, food away from home, edged up 0.2 percent in June.

Over the year, the food index advanced 1.3 percent. Prices for both the food away from home and food at home components increased since last June, up 1.7 and 1.0 percent, respectively.

Energy

Led by a 2.1-percent seasonal advance in electricity prices, the energy index, which includes prices for household and transportation fuels, rose 0.5 percent since May. Following three consecutive months of decreases totaling 5.1 percent, gasoline prices rose in June, up 0.6 percent. Moderating the overall rise in the energy index were lower prices for utility (piped) gas service, down 1.7 percent over the month.

Energy prices increased 1.7 percent over the year, due mostly to a 9.1-percent jump in utility (piped) gas service prices. Electricity and gasoline prices also increased since June 2012, up 1.0 and 0.6 percent, respectively.

All items less food and energy

The index for all items less food and energy was unchanged over the month. Higher prices in some categories including shelter (0.3 percent) and medical care (0.3 percent) were offset by lower prices in other categories such as apparel (-1.4 percent) and recreation (-0.4 percent).

The index for all items less food and energy rose 1.5 percent over the year. The 12-month advance was led by higher prices for shelter (1.9 percent), particularly those for owners’ equivalent rent of residences (1.7 percent). Price increases among other components, including medical care services (3.4 percent) and education and communication (0.9 percent), also contributed to the rise in the all items less food and energy index since June 2012.

The July 2013 Consumer Price Index for the Northeast region is scheduled to be released on August 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 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 0.1 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
Apr.
2013
May
2013
Jun.
2013
Jun.
2012
Apr.
2013
May
2013

All items

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248.464 248.584 248.851 1.5 0.2 0.1

All items (December 1977 = 100)

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391.255 391.444 391.864

Food and beverages

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243.324 242.669 243.074 1.3 -0.1 0.2

Food

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243.057 242.305 242.827 1.3 -0.1 0.2

Food at home

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242.120 240.781 241.384 1.0 -0.3 0.3

Food away from home

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247.494 247.596 248.005 1.7 0.2 0.2

Alcoholic beverages

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245.613 246.375 245.067 1.3 -0.2 -0.5

Housing

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254.570 255.487 256.122 1.8 0.6 0.2

Shelter

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306.765 308.100 308.918 1.9 0.7 0.3

Rent of primary residence (1)

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306.780 307.775 308.314 2.7 0.5 0.2

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

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318.106 318.574 319.128 1.7 0.3 0.2

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

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318.006 318.472 319.023 1.7 0.3 0.2

Fuels and utilities

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220.047 220.028 221.033 2.7 0.4 0.5

Household energy

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199.419 199.327 200.377 2.8 0.5 0.5

Energy services (1)

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187.803 189.614 191.335 3.4 1.9 0.9

Electricity (1)

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184.595 188.564 192.523 1.0 4.3 2.1

Utility (piped) gas service (1)

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183.174 180.383 177.346 9.1 -3.2 -1.7

Household furnishings and operations

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127.620 127.905 127.632 -0.6 0.0 -0.2

Apparel

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131.107 129.700 127.873 0.7 -2.5 -1.4

Transportation

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217.554 217.465 217.851 1.6 0.1 0.2

Private transportation

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209.465 209.028 209.437 1.0 0.0 0.2

New and used motor vehicles (3)

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99.279 99.039 98.893 -1.0 -0.4 -0.1

New vehicles

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144.574 144.034 143.444 0.6 -0.8 -0.4

New cars and trucks (3) (4)

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100.192 99.816 99.392 0.6 -0.8 -0.4

New cars (4)

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139.769 139.063 138.537 0.1 -0.9 -0.4

Used cars and trucks

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158.822 159.285 159.530 -3.2 0.4 0.2

Motor fuel

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298.883 296.239 297.853 0.5 -0.3 0.5

Gasoline (all types)

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297.617 295.028 296.727 0.6 -0.3 0.6

Gasoline, unleaded regular (4)

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298.118 295.615 297.531 0.4 -0.2 0.6

Gasoline, unleaded midgrade (4) (5)

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304.833 302.021 303.106 0.8 -0.6 0.4

Gasoline, unleaded premium (4)

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290.807 287.901 289.008 1.4 -0.6 0.4

Medical care

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447.411 446.653 448.041 2.5 0.1 0.3

Medical care commodities

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365.334 364.503 366.688 0.0 0.4 0.6

Medical care services

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469.470 468.761 469.786 3.4 0.1 0.2

Professional services

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350.125 349.521 350.693 2.5 0.2 0.3

Recreation (3)

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120.381 120.462 119.993 0.1 -0.3 -0.4

Education and communication (3)

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136.264 136.122 136.245 0.9 0.0 0.1

Other goods and services

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431.595 431.176 430.378 0.7 -0.3 -0.2

Commodity and service group

Commodities

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194.902 194.117 193.834 0.3 -0.5 -0.1

Commodities less food and beverages

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166.087 165.276 164.705 -0.3 -0.8 -0.3

Nondurables less food and beverages

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215.214 213.609 213.089 0.4 -1.0 -0.2

Durables

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111.030 111.025 110.430 -1.6 -0.5 -0.5

Services

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301.016 301.994 302.782 2.2 0.6 0.3

Special aggregate indexes

All items less shelter

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229.032 228.704 228.769 1.3 -0.1 0.0

All items less medical care

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239.693 239.846 240.068 1.4 0.2 0.1

Commodities less food

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169.170 168.398 167.804 -0.2 -0.8 -0.4

Nondurables

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230.313 229.139 229.047 0.8 -0.5 0.0

Nondurables less food

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216.939 215.458 214.896 0.5 -0.9 -0.3

Services less rent of shelter (2)

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305.572 306.191 306.944 2.6 0.4 0.2

Services less medical care services

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289.367 290.427 291.196 2.1 0.6 0.3

Energy

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241.032 239.888 241.173 1.7 0.1 0.5

All items less energy

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251.635 251.891 252.052 1.5 0.2 0.1

All items less food and energy

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254.774 255.221 255.315 1.5 0.2 0.0

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.