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Thursday, January 16, 2014

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Consumer Price Index, Northeast Region – December 2013

Regional Prices Unchanged Over the Month; Up 1.3 Percent Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Northeast region was unchanged in December, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that advances in the energy and food indexes, up 2.3 and 0.2 percent, respectively, were offset by a 0.3-percent decline in the all items less food and energy index over the month. (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 1.3 percent, due almost entirely 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 December 2012, up 0.7 percent, while the energy index edged down 0.3 percent. (See table 1.)

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

Food

Over the month, the food index edged up 0.2 percent. Following two months of declines totaling 0.9 percent, food at home prices rose 0.3 percent in December. Prices for food away from home were also higher since November, inching up 0.1 percent.

Over the year, the food index advanced 0.7 percent. Prices for the food away from home component rose 1.8 percent, while those for the other component, food at home, inched down 0.1 percent.

Energy

The energy index, which includes prices for household and transportation fuels, advanced 2.3 percent over the month. Most of the recent increase was due to higher gasoline prices, up 3.0 percent since November. Prices for electricity also rose, up 1.9 percent in December, as did those for utility (piped) gas service, up 0.1 percent.

The energy index decreased 0.3 percent over the year, reflecting declines in both gasoline and utility (piped) gas service prices, down 1.6 and 4.8 percent, respectively. Electricity prices rose 4.9 percent since December 2012—the largest 12-month increase since March 2009.

All items less food and energy

The index for all items less food and energy edged down 0.3 percent over the month. A seasonal drop in prices for apparel (-4.3 percent) led the decline; prices were also lower for several other components, including medical care (-0.5 percent) and education and communication (-0.2 percent). Higher prices for shelter (0.1 percent), particularly those for owners’ equivalent rent of residences (0.2 percent), moderated the decline in the all items less food and energy index since November.

The all items less food and energy index rose 1.6 percent over the year. The advance mainly reflected higher prices for shelter, particularly those for owners’ equivalent rent of residences, each up 2.5 percent since December 2012. Price increases were widespread among other components, including education and communication (1.5 percent) and medical care (1.6 percent). Moderating the 12-month rise in the all items less food and energy index were lower prices for household furnishings and operations (-2.5 percent) and apparel (-1.1 percent).

The January 2014 Consumer Price Index for the Northeast region is scheduled to be released on February 20, 2014, 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 0.2 1.8

August

-0.3 5.5 0.3 -1.2 0.1 1.4 0.3 3.8 0.5 1.3 0.2 1.5

September

-0.4 5.2 0.1 -0.7 -0.1 1.2 0.1 4.0 0.5 1.7 0.1 1.1

October

-0.9 4.0 0.0 0.2 0.3 1.5 -0.1 3.6 0.1 1.9 -0.4 0.7

November

-1.6 1.7 0.2 2.0 0.2 1.5 -0.1 3.2 0.2 1.8 0.1 1.0

December

-0.9 0.7 -0.1 2.8 0.0 1.6 -0.3 2.9 -0.3 1.8 0.0 1.3

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
Oct.
2013
Nov.
2013
Dec.
2013
Dec.
2012
Oct.
2013
Nov.
2013

All items

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249.320 249.503 249.567 1.3 0.1 0.0

All items (December 1977 = 100)

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392.603 392.891 392.991

Food and beverages

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242.924 242.806 243.215 0.7 0.1 0.2

Food

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242.648 242.474 242.955 0.7 0.1 0.2

Food at home

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240.601 239.698 240.331 -0.1 -0.1 0.3

Food away from home

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248.716 249.613 249.877 1.8 0.5 0.1

Alcoholic beverages

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245.332 246.036 245.399 1.5 0.0 -0.3

Housing

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256.898 257.530 258.172 1.9 0.5 0.2

Shelter

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311.359 312.085 312.512 2.5 0.4 0.1

Rent of primary residence (1)

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311.202 311.745 312.489 2.8 0.4 0.2

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

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323.072 324.283 325.027 2.5 0.6 0.2

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

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322.985 324.196 324.940 2.5 0.6 0.2

Fuels and utilities

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218.076 219.212 222.413 1.4 2.0 1.5

Household energy

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196.745 197.809 201.085 1.2 2.2 1.7

Energy services (1)

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185.339 186.252 188.736 1.7 1.8 1.3

Electricity (1)

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185.846 187.491 190.990 4.9 2.8 1.9

Utility (piped) gas service (1)

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173.129 172.464 172.685 -4.8 -0.3 0.1

Household furnishings and operations

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125.434 125.386 124.767 -2.5 -0.5 -0.5

Apparel

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133.700 132.300 126.585 -1.1 -5.3 -4.3

Transportation

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214.713 214.909 216.275 0.7 0.7 0.6

Private transportation

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206.869 206.112 208.457 0.4 0.8 1.1

New and used motor vehicles (3)

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98.480 98.408 98.291 -0.4 -0.2 -0.1

New vehicles

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143.496 144.205 144.129 0.1 0.4 -0.1

New cars and trucks (3) (4)

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99.407 99.902 99.844 0.1 0.4 -0.1

New cars (4)

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138.067 138.517 138.405 -1.0 0.2 -0.1

Used cars and trucks

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156.938 155.299 154.877 0.2 -1.3 -0.3

Motor fuel

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287.548 282.662 291.055 -1.6 1.2 3.0

Gasoline (all types)

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286.222 281.292 289.736 -1.6 1.2 3.0

Gasoline, unleaded regular (4)

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286.512 281.345 290.344 -1.6 1.3 3.2

Gasoline, unleaded midgrade (4) (5)

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293.819 289.554 296.483 -1.7 0.9 2.4

Gasoline, unleaded premium (4)

Jump to page with historical data
280.386 276.302 282.923 -1.3 0.9 2.4

Medical care

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448.873 449.025 446.921 1.6 -0.4 -0.5

Medical care commodities

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366.281 366.104 358.465 -1.1 -2.1 -2.1

Medical care services

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471.105 471.389 471.616 2.4 0.1 0.0

Professional services

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351.402 350.980 351.103 2.0 -0.1 0.0

Recreation (3)

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119.880 120.060 119.863 0.3 0.0 -0.2

Education and communication (3)

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137.998 138.058 137.821 1.5 -0.1 -0.2

Other goods and services

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435.911 434.107 434.273 1.0 -0.4 0.0

Commodity and service group

Commodities

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193.389 192.732 192.581 -0.4 -0.4 -0.1

Commodities less food and beverages

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164.148 163.280 162.891 -1.1 -0.8 -0.2

Nondurables less food and beverages

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213.295 211.518 211.000 -1.0 -1.1 -0.2

Durables

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109.158 109.212 108.963 -1.3 -0.2 -0.2

Services

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304.121 305.101 305.367 2.3 0.4 0.1

Special aggregate indexes

All items less shelter

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228.514 228.498 228.427 0.6 0.0 0.0

All items less medical care

Jump to page with historical data
240.522 240.705 240.851 1.2 0.1 0.1

Commodities less food

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167.266 166.437 166.039 -1.0 -0.7 -0.2

Nondurables

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229.088 228.073 227.985 -0.2 -0.5 0.0

Nondurables less food

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215.106 213.458 212.935 -0.9 -1.0 -0.2

Services less rent of shelter (2)

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307.059 308.384 308.516 2.0 0.5 0.0

Services less medical care services

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292.525 293.534 293.800 2.3 0.4 0.1

Energy

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234.778 233.390 238.786 -0.3 1.7 2.3

All items less energy

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253.254 253.605 253.104 1.4 -0.1 -0.2

All items less food and energy

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256.786 257.238 256.548 1.6 -0.1 -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) 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: January 17, 2014