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BLS U S Bureau of Labor Statistics : Consumer Price Index, New York-Newark-Jersey City – May 2019

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06/12/2019 | 03:29pm EDT

News Release Information

19-992-NEW
Wednesday, June 12, 2019

Area prices up 0.2 percent over the month and 1.5 percent over the year

Prices in the New York-Newark-Jersey City area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), edged up 0.2 percent in May after rising 0.3 percent during each of the two prior months, the U.S. Bureau of Labor Statistics reported today. Chief Regional Economist Martin Kohli attributed the rise to price increases for gasoline and non-energy expenditures that were partly offset by a decline in food prices. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the year, the CPI-U increased 1.5 percent. The index for all items less food and energy advanced 1.9 percent. (See table A and chart 1.) Price increases for shelter drove the 12-month change in both indexes. (See table 1.)

Food

The food index dipped 0.2 percent for the second consecutive month in May. Prices for food at home fell 0.7 percent, with price declines in four of the six grocery groups. Groceries with lower prices in May included lettuce and snacks. In contrast, prices for food away from home rose 0.3 percent.

From May 2018 to May 2019, the food index increased 1.3 percent. Food-away-from-home prices rose 2.2 percent, while food-at-home prices increased 0.7 percent.

Energy

The energy index rose 1.7 percent, following a 1.9-percent increase in April. Gasoline prices climbed 5.7 percent, marking the third consecutive month with prices increases exceeding 5.0 percent. In contrast, prices for household energy declined 1.3 percent, with price reductions recorded for electricity (-1.7 percent) and for natural gas (-1.1 percent).

Over the year, the energy index declined 3.6 percent. Household energy prices decreased 5.4 percent, pulled down by declines of 7.5 percent for electricity prices and 5.2 percent for natural gas prices. Area gasoline prices decreased 0.7 percent.

All items less food and energy

The index for all items less food and energy rose 0.2 percent, marking a fifth consecutive increase. Apparel prices rose 1.2 percent, following declines during the prior two months. Airline fares were up, as were prices for recreation (0.4 percent) and other goods and services (0.4 percent). Medical care and education and communication each recorded increases of 0.2 percent. Shelter prices, by contrast, were unchanged; a 0.2-percent increase in residential rent was offset by a decline in out-of-town lodging.

For the year ended in May 2019, the index for all items less food and energy advanced 1.9 percent. A 2.2-percent increase in shelter prices included a 3.1-percent rise in residential rent and a 1.8-percent increase in owners' equivalent rent. Following shelter, the next largest contributor to the change in the index for all items less food and energy was medical care, which rose 4.3 percent. The 12-month change for medical care was the largest in more than two years. Price increases were also recorded for recreation (3.1 percent) and for alcoholic beverages (3.0 percent). Prices for education and communication rose 2.3 percent, buoyed up by a 3.4-percent rise in tuition, other school fees, and childcare.

Month 2014 2015 2016 2017 2018 2019
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

0.9 1.9 0.1 -0.5 0.2 0.8 0.6 2.5 0.4 1.4 0.5 1.6

February

-0.2 1.1 0.3 0.1 0.2 0.6 0.3 2.6 0.5 1.7 0.2 1.3

March

0.4 1.3 0.2 -0.1 0.2 0.7 0.0 2.3 0.0 1.7 0.3 1.6

April

0.0 1.6 0.1 0.0 0.4 1.0 0.1 2.0 0.3 1.9 0.3 1.6

May

0.5 1.9 0.4 -0.1 0.3 0.9 0.1 1.8 0.4 2.2 0.2 1.5

June

0.0 1.7 0.2 0.1 0.2 0.9 0.2 1.8 0.1 2.0

July

0.1 1.6 -0.1 -0.1 -0.1 1.0 -0.2 1.6 0.0 2.2

August

-0.2 1.3 0.1 0.1 0.2 1.1 0.2 1.7 0.1 2.2

September

0.0 1.0 0.2 0.3 0.2 1.0 0.5 2.1 0.4 2.0

October

-0.2 1.3 -0.1 0.4 0.1 1.2 -0.2 1.8 -0.1 2.0

November

-0.4 0.8 -0.2 0.6 0.2 1.6 -0.1 1.6 -0.2 1.9

December

-0.5 0.3 -0.4 0.7 0.1 2.1 0.1 1.6 -0.2 1.6

CPI-W


In May, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 272.726, up 0.3 percent over the month. The CPI-W rose 1.4 percent over the year.

The June 2019 Consumer Price Index for New York-Newark-Jersey City is scheduled to be released on Thursday, July 11, 2019, at 8:30 a.m. (ET).


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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 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 75 urban areas across the country from about 5,000 housing units and approximately 22,000 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/pdf/homch17.pdf.

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-Newark-Jersey City, N.Y.-N.J.-Pa., Core Based Statistical Area includes Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York; Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, and Union Counties in New Jersey; 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.

Item and Group Indexes Percent change from-
March
2019
April
2019
May
2019
May
2018
March
2019
April
2019

Expenditure category

All items

276.570 277.441 278.068 1.5 0.5 0.2

All items (1967=100)

799.526 802.042 803.857

Food and beverages

270.636 270.123 269.707 1.4 -0.3 -0.2

Food

270.756 270.294 269.643 1.3 -0.4 -0.2

Food at home

259.546 258.348 256.611 0.7 -1.1 -0.7

Cereals and bakery products

306.981 300.794 306.056 2.1 -0.3 1.7

Meats, poultry, fish, and eggs

254.454 254.478 249.685 -0.1 -1.9 -1.9

Dairy and related products

225.649 227.752 224.001 1.0 -0.7 -1.6

Fruits and vegetables

334.342 325.386 328.599 0.0 -1.7 1.0

Nonalcoholic beverages and beverage materials

248.616 255.104 251.206 3.1 1.0 -1.5

Other food at home

230.412 229.749 226.441 -0.3 -1.7 -1.4

Food away from home

293.993 294.575 295.465 2.2 0.5 0.3

Alcoholic beverages

264.415 263.215 266.044 3.0 0.6 1.1

Housing

301.791 302.413 302.192 1.4 0.1 -0.1

Shelter

382.414 384.220 384.085 2.2 0.4 0.0

Rent of primary residence

396.754 398.932 399.681 3.1 0.7 0.2

Owners' equivalent rent of residences

388.962 389.944 389.868 1.8 0.2 0.0

Owners' equivalent rent of primary residence

388.481 389.461 389.385 1.8 0.2 0.0

Fuels and utilities

196.239 192.664 190.433 -4.8 -3.0 -1.2

Household energy

187.523 183.483 181.053 -5.9 -3.5 -1.3

Energy services

178.718 174.095 171.555 -6.7 -4.0 -1.5

Electricity

178.798 175.302 172.359 -7.5 -3.6 -1.7

Utility (piped) gas service

168.262 162.164 160.395 -5.2 -4.7 -1.1

Household furnishings and operations

109.961 109.450 110.371 0.4 0.4 0.8

Apparel

125.298 120.552 122.042 -4.9 -2.6 1.2

Transportation

218.283 223.336 226.897 0.4 3.9 1.6

Private transportation

205.715 210.603 212.972 0.3 3.5 1.1

New and used motor vehicles

91.127 91.015 90.026 -1.7 -1.2 -1.1

New vehicles

204.123 204.534 204.301 1.7 0.1 -0.1

Used cars and trucks

269.956 270.612 267.819 0.6 -0.8 -1.0

Motor fuel

208.752 225.223 238.052 -0.7 14.0 5.7

Gasoline (all types)

207.720 224.169 236.979 -0.7 14.1 5.7

Gasoline, unleaded regular

206.468 223.441 236.450 -0.7 14.5 5.8

Gasoline, unleaded midgrade

216.774 228.991 241.485 -0.5 11.4 5.5

Gasoline, unleaded premium

218.523 231.591 242.951 0.0 11.2 4.9

Motor vehicle insurance

763.145 763.145 761.868 2.4 -0.2 -0.2

Medical care

504.067 504.551 505.462 4.3 0.3 0.2

Recreation

124.499 125.593 126.044 3.1 1.2 0.4

Education and communication

143.612 144.143 144.380 2.3 0.5 0.2

Tuition, other school fees, and child care

1,204.282 1,204.276 1,205.871 3.4 0.1 0.1

Other goods and services

434.964 433.891 435.631 1.8 0.2 0.4

Commodity and service group

All items

276.570 277.441 278.068 1.5 0.5 0.2

Commodities

190.914 191.104 192.610 0.1 0.9 0.8

Commodities less food and beverages

143.120 143.619 145.914 -1.1 2.0 1.6

Nondurables less food and beverages

182.224 183.761 187.698 -1.6 3.0 2.1

Durables

93.649 92.979 93.358 0.2 -0.3 0.4

Services

348.744 350.122 350.182 2.0 0.4 0.0

Special aggregate indexes

All items less medical care

266.692 267.579 268.195 1.3 0.6 0.2

All items less shelter

234.608 235.082 236.055 1.0 0.6 0.4

Commodities less food

147.646 148.097 150.422 -0.8 1.9 1.6

Nondurables

227.768 228.375 230.352 0.0 1.1 0.9

Nondurables less food

187.203 188.594 192.480 -1.3 2.8 2.1

Services less rent of shelter

323.287 324.226 324.505 1.8 0.4 0.1

Services less medical care services

335.584 336.972 336.934 1.6 0.4 0.0

Energy

198.185 201.948 205.330 -3.6 3.6 1.7

All items less energy

286.132 286.722 287.082 1.9 0.3 0.1

All items less food and energy

290.772 291.529 292.048 1.9 0.4 0.2

Disclaimer

BLS - U.S. Bureau of Labor Statistics published this content on 12 June 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 June 2019 19:28:08 UTC

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