News Release Information

NYLS-7524

Friday, December 16, 2011

Contacts

Technical information:
Media contact:
  • Michael L. Dolfman (212) 337-2500

Consumer Price Index, New York-Northern New Jersey - November 2011

Area prices down 0.3 percent over the month and up 3.0 percent over the year

Prices in the New York-Northern New Jersey-Long Island area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), decreased 0.3 percent in November, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Michael L. Dolfman attributed the decline to lower prices for food, energy, and all other items. It was the first time since December 2009 that all three major index components declined over the month. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

From November 2010 to November 2011, the CPI-U rose 3.0 percent, largely attributable to higher energy and shelter prices. The index for all items less food and energy increased 2.5 percent. (See table A.and chart 1.)

Chart 1. Over-the-year percent change in CPI-U, New York-Northern New Jersey-Long Island, November 2008 - November 2011

Food

Food prices dropped 0.3 percent, after increasing by that amount in each of the two prior months. The downturn reflected a 0.5-percent drop in prices for food at home, which was tempered by a 0.1-percent decrease in prices for food away from home. Among the groceries recording lower prices over the month were citrus fruits and other sweeteners.

For the 12 months ended in November, the food index rose 3.4 percent. Food at home increased 3.7 percent, and food away from home advanced 3.1 percent. (See table 1.)

Energy

The energy index decreased 0.8 percent, after falling 4.4 percent in October. Gasoline prices dropped 1.5 percent, marking the sixth consecutive decline. Household energy prices edged down 0.2 percent. A 1.5-percent drop in electricity charges was largely offset by increases in natural gas (2.1 percent) and in fuel oil.

Over the year, energy prices increased 8.2 percent, with gasoline prices climbing 19.1 percent. Household energy prices, in contrast, decreased 0.4 percent.

All items less food and energy

The index for all items less food and energy edged down 0.2 percent, after increasing 0.2 percent in October. Apparel prices fell 2.9 percent, reflecting seasonal sales. Despite little change in residential and owners' equivalent rent, shelter prices were pulled down 0.1 percent due to lower charges for out-of-town lodging. Price reductions were also reported for used and leased cars and trucks. In contrast, medical care posted a 0.4-percent increase for the third time in four months.

From November 2010 to November 2011, the index for all items less food and energy rose 2.5 percent. Shelter prices increased 2.2 percent, weighed down by a 1.9-percent rise in owners' equivalent rent. Apparel prices rose 2.9 percent. Medical care prices advanced 3.6 percent, registering the highest 12-month change since January 2008.
Table A. New York-Northern New Jersey CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2006 2007 2008 2009 2010 2011
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.8 3.7 0.2 2.7 0.2 3.7 0.2 1.5 0.2 2.4 0.3 1.5

February

0.2 3.6 0.6 3.1 0.5 3.6 0.5 1.6 0.0 1.8 0.5 2.1

March

0.8 2.7 0.7 2.9 0.9 3.8 0.2 0.8 0.5 2.1 0.7 2.3

April

0.9 3.6 0.5 2.5 0.3 3.6 0.2 0.8 0.2 2.1 0.4 2.5

May

0.6 4.8 0.6 2.5 1.0 4.0 0.2 -0.1 0.2 2.2 0.6 2.9

June

0.5 5.6 0.5 2.5 1.0 4.5 0.5 -0.6 -0.1 1.5 0.2 3.2

July

0.2 5.0 0.2 2.5 0.7 5.1 0.2 -1.1 0.1 1.5 0.3 3.3

August

0.4 4.7 -0.1 1.9 0.1 5.4 0.3 -0.9 0.2 1.4 0.4 3.5

September

-0.5 3.3 0.0 2.4 -0.2 5.2 0.1 -0.6 0.0 1.2 0.2 3.8

October

-0.5 2.4 0.1 3.1 -0.7 4.3 -0.1 0.0 0.2 1.5 -0.2 3.3

November

-0.4 2.6 0.4 3.9 -1.6 2.2 0.2 1.8 0.0 1.3 -0.3 3.0

December

0.2 3.3 0.0 3.7 -0.6 1.6 -0.1 2.3 0.0 1.4

CPI-W

In November, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 245.546, down 0.3 percent over the month. The CPI-W increased 3.3 percent over the year.

The December 2011 Consumer Price Index for New York-Northern New Jersey-Long Island is scheduled to be released on Thursday, January 19, 2012 at 8:30 a.m. (EST).

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 87 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 32 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 25,000 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 New York-Northern New Jersey-Long Island, N.Y.-N.J.-Conn.-Pa. consolidated area covered in this release is comprised of Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, Union, and Warren Counties in New Jersey; Fairfield County and parts of Litchfield, Middlesex, and New Haven Counties in Connecticut; and Pike County in Pennsylvania.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; TDD message referral phone number: 1-800-877-8339.

For personal assistance or further information on Consumer Price Indexes, as well as other Bureau products, contact the New York-New Jersey Information Office at (646) 264-3600 from 9:00 a.m. to 12:30 p.m. and 1:30 p.m. to 4:30 p.m. ET.
Table 1. 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) (not seasonally adjusted)
Item and Group Indexes Percent change from-
Sept.
2011
Oct.
2011
Nov.
2011
Nov.
2010
Sept.
2011
Oct.
2011
 

Expenditure category

 
 

All items

250.559 250.051 249.317 3.0 -0.5 -0.3

All items (1967=100)

724.331 722.862 720.740      
 

Food and beverages

239.485 240.155 239.385 3.3 0.0 -0.3

Food

238.897 239.606 238.869 3.4 0.0 -0.3

Food at home

239.259 240.312 239.140 3.7 0.0 -0.5

Food away from home

244.746 245.045 244.831 3.1 0.0 -0.1

Alcoholic beverages

244.056 244.149 242.925 0.9 -0.5 -0.5
 

Housing

263.675 262.854 262.528 1.7 -0.4 -0.1

Shelter

320.128 320.655 320.318 2.2 0.1 -0.1

Rent of primary residence (1)

322.860 323.820 324.090 2.2 0.4 0.1

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

327.705 328.100 327.977 1.9 0.1 0.0

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

327.590 327.983 327.849 1.9 0.1 0.0

Fuels and utilities

208.442 200.050 199.732 -0.1 -4.2 -0.2

Household energy

206.711 197.295 196.935 -0.4 -4.7 -0.2

Energy services (1)

193.096 181.957 181.240 -4.5 -6.1 -0.4

Electricity (1)

194.413 180.675 177.956 -4.1 -8.5 -1.5

Utility (piped) gas service (1)

183.742 178.691 182.399 -5.1 -0.7 2.1

Household furnishings and operations

120.678 120.356 120.032 -1.4 -0.5 -0.3
 

Apparel

129.120 130.489 126.712 2.9 -1.9 -2.9
 

Transportation

227.394 224.943 223.567 8.6 -1.7 -0.6

Private transportation

216.148 213.589 211.998 8.8 -1.9 -0.7

Motor fuel

290.859 278.707 274.793 19.3 -5.5 -1.4

Gasoline (all types)

290.095 277.757 273.528 19.1 -5.7 -1.5

Gasoline, unleaded regular (3)

293.682 280.644 276.093 18.8 -6.0 -1.6

Gasoline, unleaded midgrade (3) (4)

290.541 279.482 275.866 19.9 -5.1 -1.3

Gasoline, unleaded premium (3)

283.403 272.727 269.327 19.6 -5.0 -1.2
 

Medical care

395.266 395.287 396.753 3.6 0.4 0.4
 

Recreation (5)

116.904 116.651 116.565 2.5 -0.3 -0.1
 

Education and communication (5)

137.840 138.075 138.172 1.4 0.2 0.1
 

Other goods and services

384.235 385.998 387.114 1.5 0.7 0.3
 

Commodity and service group

 
 

All items

250.559 250.051 249.317 3.0 -0.5 -0.3

Commodities

192.772 192.254 191.082 4.4 -0.9 -0.6

Commodities less food and beverages

160.619 159.568 158.268 5.3 -1.5 -0.8

Nondurables less food and beverages

204.658 203.183 200.774 7.3 -1.9 -1.2

Durables

104.414 103.890 103.939 0.9 -0.5 0.0

Services

300.169 299.664 299.282 2.3 -0.3 -0.1
 

Special aggregate indexes

 
 

All items less medical care

243.993 243.470 242.667 3.0 -0.5 -0.3

All items less shelter

223.471 222.524 221.617 3.6 -0.8 -0.4

Commodities less food

164.138 163.115 161.810 5.0 -1.4 -0.8

Nondurables

224.796 224.304 222.623 5.2 -1.0 -0.7

Nondurables less food

207.442 206.046 203.692 6.8 -1.8 -1.1

Services less rent of shelter (2)

288.929 287.193 286.743 2.5 -0.8 -0.2

Services less medical care services

292.009 291.465 291.044 2.3 -0.3 -0.1

Energy

241.718 231.151 229.351 8.2 -5.1 -0.8

All items less energy

253.241 253.685 253.046 2.6 -0.1 -0.3

All items less food and energy

257.439 257.837 257.213 2.5 -0.1 -0.2

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) 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.

NOTE: Index applies to a month as a whole, not to any specific date.
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.