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) Friday, December 14, 2007
NEW YORK-NORTHERN NEW JERSEY CPI UP 0.4 PERCENT IN NOVEMBER, UP 3.9 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), rose 0.4 percent in November, following four months of changes that ranged from -0.1 to 0.2 percent. Michael L. Dolfman, Regional Commissioner of the U. S. Department of Labor's Bureau of Labor Statistics, said that the November index was led by higher energy prices. Increases for food and shelter also contributed to the November rise. These increases were partially offset by lower apparel prices. For the year ended in November 2007, the CPI-U rose 3.9 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 a sharp 6.6 percent in November, after registering four months of declines ranging from -0.7 to -4.0 percent. (See chart A.) The November increase was largely attributable to gasoline prices that jumped 10.2 percent over the month. Dolfman noted that the gasoline index was 37.1 percent higher than a year ago, the largest 12-month increase since September 2005, following Hurricane Katrina. The index for natural gas rose 6.4 percent during the month of November, and residential fuel oil prices also escalated. In contrast, electricity prices declined 1.5 percent over the month. 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 The transportation index rose 2.4 percent in November. The rise largely reflected the advance in gasoline prices, though higher airline fares also contributed to the increase. The food and beverages index rose 0.3 percent. Prices for food at home were up 0.4 percent over the month, reflecting higher prices for uncooked beef roasts, ice cream and related products, other fresh fruits, tomatoes, and candy and chewing gum. Prices for food away from home also increased by 0.4 percent. The housing index rose 0.4 percent over the month. The shelter component was up 0.1 percent, reflecting increases of 0.3 percent in residential rent and 0.2 percent for owners' equivalent rent. Among other components of housing, the fuels and utilities index rose 3.6 percent, largely due to the sharp increases in natural gas and residential fuel oil. Household furnishings and operations declined by 0.6 percent with lower prices for other appliances. The apparel index declined 2.8 percent in November, largely reflecting pre-holiday sales for women's suits and separates as well as women's footwear. Among other components, the indexes for both medical care and other goods and services were unchanged over the month. Education and communication inched down 0.1 percent, and the recreation index declined 0.5 percent. With the New York-Northern New Jersey Consumer Price Index for All Urban Consumers at 229.504 in November (1982-84=100), $22.95 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 November, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 223.716, up 0.5 percent over the month. The CPI-W rose 4.2 percent over the year. On a 1967 base, the November CPI-W was 636.976. 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 - 7310 Labor - New York 12/12/07 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 Sep. Oct. Nov. Nov. Sep. Oct. 2007 2007 2007 2006 2007 2007 Expenditure category All items........... 228.308 228.552 229.504 3.9 0.5 0.4 All items (1967=100) 660.006 660.713 663.464 - - - Food and beverages 212.657 213.695 214.436 4.9 .8 .3 Food.............. 211.723 212.789 213.636 5.1 .9 .4 Food at home..... 209.741 210.881 211.758 5.8 1.0 .4 Food away from home......... 219.793 220.796 221.627 4.3 .8 .4 Alcoholic beverages..... 222.564 223.227 222.585 2.9 .0 -.3 Housing............ 247.319 246.949 247.906 3.4 .2 .4 Shelter........... 297.907 298.260 298.507 3.2 .2 .1 Rent of primary residence 1/ 284.155 285.604 286.418 4.2 .8 .3 Owners' equivalent rent of primary residence 1/ 2/ ......... 304.916 305.234 305.934 2.5 .3 .2 Fuels and utilities..... 187.602 184.671 191.342 11.3 2.0 3.6 Household energy 189.037 185.761 193.159 11.8 2.2 4.0 Gas (piped) and electricity 1/......... 185.879 181.518 184.467 8.2 -.8 1.6 Electricity 1/ 176.686 164.906 162.462 11.9 -8.1 -1.5 Utility (piped) gas service 1/........ 203.580 214.002 227.677 3.3 11.8 6.4 Household furnishings and operations 129.928 128.603 127.888 -3.0 -1.6 -.6 Apparel............ 115.023 114.010 110.772 -1.7 -3.7 -2.8 Transportation..... 189.662 191.590 196.120 8.1 3.4 2.4 Private transportation 180.305 182.279 186.832 8.7 3.6 2.5 Motor fuel....... 212.591 213.048 234.814 37.2 10.5 10.2 Gasoline (all types)...... 211.756 212.196 233.888 37.1 10.5 10.2 Gasoline, unleaded regular 3/ 212.984 213.376 236.892 38.3 11.2 11.0 Gasoline, unleaded midgrade 3/ 4/.... 213.291 214.227 233.634 34.9 9.5 9.1 Gasoline, unleaded premium 3/ 212.727 212.894 230.321 34.5 8.3 8.2 Medical care....... 362.346 363.141 363.174 5.5 .2 .0 Recreation 5/..... 114.530 114.331 113.803 -.5 -.6 -.5 Education and communication 5/............ 127.566 127.463 127.274 3.6 -.2 -.1 Other goods and services....... 338.816 338.974 338.981 1.4 .0 .0 Commodity and service group All items........... 228.308 228.552 229.504 3.9 .5 .4 Commodities........ 173.617 173.880 175.430 4.9 1.0 .9 Commodities less food and beverages..... 146.208 146.044 147.973 4.9 1.2 1.3 Nondurables less food and beverages.... 173.847 173.706 177.919 9.4 2.3 2.4 Durables......... 109.496 109.315 108.668 -2.4 -.8 -.6 Services........... 275.179 275.406 275.828 3.3 0.2 0.2 Special aggregate indexes All items less medical care.... 222.259 222.485 223.454 3.8 .5 .4 All items less shelter......... 201.030 201.231 202.488 4.4 .7 .6 Commodities less food............ 149.434 149.301 151.139 4.7 1.1 1.2 Nondurables......... 195.261 195.718 198.208 6.9 1.5 1.3 Nondurables less food............ 177.071 176.985 180.867 8.8 2.1 2.2 Services less rent of shelter 2/ 259.413 259.498 260.155 3.7 .3 .3 Services less medical care services........ 267.879 268.096 268.523 3.2 .2 .2 Energy.............. 200.011 198.178 211.307 21.7 5.6 6.6 All items less energy.......... 232.632 233.077 232.871 2.6 .1 -.1 All items less food and energy..... 237.985 238.302 237.875 2.1 .0 -.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: January 16, 2008