Bureau of Labor Statistics
Internet Address: http://www.bls.gov/ro2/ Transmission of material in Media Contact: Michael L. Dolfman,(212) 337-2500 this release is embargoed Information: Martin Kohli,(646) 264-3620 until after 8:30 A.M. (EST) Wednesday, January 16, 2008
NEW YORK-NORTHERN NEW JERSEY CPI UNCHANGED IN DECEMBER,
UP 3.7 PERCENT FROM YEAR AGO
Retail prices in the greater New York area, as measured by the
Consumer Price Index for All Urban Consumers (CPI-U), were unchanged
in December, following a 0.4-percent advance in November. Michael L.
Dolfman, Regional Commissioner of the U. S. Department of Labor's
Bureau of Labor Statistics, said that the December index largely
reflected higher prices for energy and food and beverages that were
offset by lower prices for shelter, along with a seasonal decline in
apparel prices. For the year ended in December 2007, the CPI-U rose
3.7 percent. Core inflation, as measured by the all items less food
and energy index, was up 2.1 percent over the year.
The energy index increased 1.2 percent in December, after jumping
6.6 percent in November. Gasoline prices rose 1.9 percent over the
month, following a 10.2-percent rise in November. (See chart A.)
The electricity index posted a 1.1-percent increase, the first
increase in six months, and residential fuel oil prices continued to
climb. In contrast, natural gas prices declined 0.6 percent.
New York-Northern New Jersey CPI monthly and annual percent changes
(not seasonally adjusted)
| 2002 | 2003 | 2004 | 2005 | 2006 | 2007
Month | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann
January 0.6 1.9 0.8 3.3 0.3 2.7 0.6 4.1 0.8 3.7 0.2 2.7
February 0.7 2.5 0.8 3.3 0.6 2.5 0.4 3.9 0.2 3.6 0.6 3.1
March 0.6 2.5 0.5 3.1 1.1 3.2 1.7 4.4 0.8 2.7 0.7 2.9
April 0.4 2.8 -0.2 2.6 0.3 3.7 0.0 4.2 0.9 3.6 0.5 2.5
May -0.2 2.2 0.1 2.8 0.2 3.9 -0.5 3.4 0.6 4.8 0.6 2.5
June 0.1 1.7 0.1 2.8 0.8 4.6 -0.3 2.3 0.5 5.6 0.5 2.5
July 0.3 2.2 0.4 3.0 -0.2 3.9 0.9 3.4 0.2 5.0 0.2 2.5
August 0.6 2.7 0.7 3.1 0.1 3.3 0.8 4.1 0.4 4.7 -0.1 1.9
September 0.1 2.8 0.3 3.3 0.1 3.2 0.8 4.8 -0.5 3.3 0.0 2.4
October 0.2 3.1 0.2 3.3 0.7 3.7 0.4 4.5 -0.5 2.4 0.1 3.1
November -0.2 3.0 -0.3 3.1 0.0 3.9 -0.6 3.9 -0.4 2.6 0.4 3.9
December -0.2 3.1 -0.1 3.2 -0.2 3.8 -0.5 3.6 0.2 3.3 0.0 3.7
Largely reflecting the advance in gasoline prices, the
transportation index rose 0.4 percent in December. Over the year,
transportation prices advanced 7.3 percent.
The food and beverages index increased 0.3 percent. Prices for
food at home were up 0.3 percent over the month, reflecting higher
prices for uncooked beef roasts, eggs, other fresh fruits, and
tomatoes. The alcoholic beverages index jumped 1.0 percent over the
month. Prices for food away from home inched up 0.1 percent. Over
the year, the food and beverages index rose 5.0 percent, the largest
12-month increase since June 2004.
The housing index was unchanged in December. A 0.7-percent
increase in prices for fuels and utilities was offset by decreases of
0.1 percent for shelter and 0.4 percent for household furnishings and
operations. Within the shelter component, a drop in the volatile
index for out-of-town lodging outweighed increases of 0.4 percent for
residential rent and 0.2 percent for owners' equivalent rent.
The apparel index fell 3.1 percent in December, largely reflecting
holiday sales for men's and boy's apparel, women's outerware, and
men's footwear.
Among other components, the other goods and services index rose
0.3 percent, following two months of no change. Medical care edged
up 0.2 percent over the month. Education and communication inched up
0.1 percent, buoyed by higher prices for personal computers and
peripheral equipment. The recreation index declined 0.4 percent with
lower prices for televisions.
With the New York-Northern New Jersey Consumer Price Index for All
Urban Consumers at 229.395 in December (1982-84=100), $22.94 was
required to purchase what $10 could in the 1982-84 base period. The
purchasing power of the dollar was 43.6 cents in 1982-84 dollars and
15.1 cents in 1967 dollars. In December, the Consumer Price Index
for Urban Wage Earners and Clerical Workers (CPI-W) was 223.873, up
0.1 percent over the month. The CPI-W rose 4.0 percent over the
year. On a 1967 base, the December CPI-W was 637.424.
Data in this report are not seasonally adjusted. Accordingly,
month-to-month changes may reflect the impact of seasonal influences.
The New York-Northern New Jersey-Long Island, NY-NJ-CT-PA
consolidated area comprises the five boroughs of New York City,
Nassau, Suffolk, Westchester, Rockland, Putnam, Dutchess, and Orange
Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer,
Monmouth, Middlesex, Morris, Ocean, Passaic, Somerset, Sussex, Union
and Warren Counties in New Jersey; Fairfield County and parts of
Litchfield, New Haven and Middlesex Counties in Connecticut; and Pike
County in Pennsylvania.
NYLS - 7313 Labor - New York
01/15/08
Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods
New York-Northern N.J.-Long Island, NY-NJ-CT-PA (1982-84=100 unless otherwise noted)
Indexes Percent change from-
Item and Group
Oct. Nov. Dec. Dec. Oct. Nov.
2007 2007 2007 2006 2007 2007
Expenditure category
All items........... 228.552 229.504 229.395 3.7 0.4 0.0
All items (1967=100) 660.713 663.464 663.150 - - -
Food and beverages 213.695 214.436 214.980 5.0 .6 .3
Food.............. 212.789 213.636 214.058 5.0 .6 .2
Food at home..... 210.881 211.758 212.435 5.7 .7 .3
Food away from
home......... 220.796 221.627 221.743 4.2 .4 .1
Alcoholic
beverages..... 223.227 222.585 224.702 4.2 .7 1.0
Housing............ 246.949 247.906 247.786 2.9 .3 .0
Shelter........... 298.260 298.507 298.163 3.0 .0 -.1
Rent of primary
residence (1) 285.604 286.418 287.618 4.2 .7 .4
Owners'
equivalent
rent of
primary
residence 1/
2/........... 305.234 305.934 306.658 3.1 .5 .2
Fuels and
utilities..... 184.671 191.342 192.700 8.3 4.3 .7
Household energy 185.761 193.159 194.516 8.5 4.7 .7
Gas (piped) and
electricity
1/.......... 181.518 184.467 185.232 4.7 2.0 .4
Electricity 1/ 164.906 162.462 164.300 7.0 -.4 1.1
Utility (piped)
gas service
1/......... 214.002 227.677 226.303 1.4 5.7 -.6
Household
furnishings
and operations 128.603 127.888 127.440 -3.5 -.9 -.4
Apparel............ 114.010 110.772 107.346 -.3 -5.8 -3.1
Transportation..... 191.590 196.120 196.916 7.3 2.8 .4
Private
transportation 182.279 186.832 187.630 7.8 2.9 0.4
Motor fuel....... 213.048 234.814 239.185 31.7 12.3 1.9
Gasoline (all
types)...... 212.196 233.888 238.237 31.7 12.3 1.9
Gasoline,
unleaded
regular 3/ 213.376 236.892 241.355 32.1 13.1 1.9
Gasoline,
unleaded
midgrade
3/ 4/..... 214.227 233.634 237.900 31.5 11.1 1.8
Gasoline,
unleaded
premium 3/ 212.894 230.321 234.366 29.8 10.1 1.8
Medical care....... 363.141 363.174 363.978 5.5 .2 .2
Recreation 5/...... 114.331 113.803 113.346 -.7 -.9 -.4
Education and
communication
5/............. 127.463 127.274 127.393 3.6 -.1 .1
Other goods and
services....... 338.974 338.981 340.127 1.7 .3 .3
Commodity and service group
All items........... 228.552 229.504 229.395 3.7 .4 .0
Commodities........ 173.880 175.430 175.296 4.8 .8 -.1
Commodities less
food and
beverages..... 146.044 147.973 147.478 4.6 1.0 -.3
Nondurables less
food and
beverages.... 173.706 177.919 177.513 9.1 2.2 -.2
Durables......... 109.315 108.668 108.097 -2.6 -1.1 -.5
Services........... 275.406 275.828 275.742 3.0 0.1 0.0
Special aggregate indexes
All items less
medical care.... 222.485 223.454 223.320 3.6 .4 -.1
All items less
shelter......... 201.231 202.488 202.478 4.1 .6 .0
Commodities less
food............ 149.301 151.139 150.741 4.6 1.0 -.3
Nondurables......... 195.718 198.208 198.282 6.8 1.3 .0
Nondurables less
food............ 176.985 180.867 180.633 8.7 2.1 -.1
Services less rent
of shelter 2/ 259.498 260.155 260.397 3.3 .3 .1
Services less
medical care
services........ 268.096 268.523 268.376 2.9 .1 -.1
Energy.............. 198.178 211.307 213.865 17.6 7.9 1.2
All items less
energy.......... 233.077 232.871 232.507 2.6 -.2 -.2
All items less food
and energy..... 238.302 237.875 237.345 2.1 -.4 -.2
1/ This index series was calculated using a Laspeyres estimator. All other item
stratum index series were calculated using a geometric means estimator.
2/ Index is on a December 1982=100 base.
3/ Special index based on a substantially smaller sample.
4/ Indexes on a December 1993=100 base.
5/ Indexes on a December 1997=100 base.
- Data not available.
Last Modified Date: February 20, 2008
