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Wednesday, May 14, 2008
NEW YORK-NORTHERN NEW JERSEY CPI UP 0.3 PERCENT IN APRIL,
3.6 PERCENT RISE 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 0.3
percent in April, following a 0.9-percent increase in March. Michael
L. Dolfman, Regional Commissioner of the U. S. Department of Labor's
Bureau of Labor Statistics, said the April rise was primarily due to
higher prices for transportation and food and beverages. These
increases were largely offset by lower prices for shelter. For the
year ended in April 2008, the CPI-U rose 3.6 percent, and core
inflation, as measured by the all items less food and energy index,
was 2.0 percent.
The transportation index rose 1.5 percent in April, after
increasing 1.7 percent in March. (See chart A.) Gasoline prices
advanced 5.8 percent over the month and 20.9 percent over the year.
The April 2008 index also reflected over-the-month increases for
motor vehicle insurance, parking and other fees, motor fuels other
than gasoline, and air transportation.
The food and beverages index increased 0.9 percent, following a
0.7-percent rise in March. Prices for food at home rose 1.4
percent-the largest increase in 15 months. The advance in grocery
prices included higher prices for rice, pasta, and cornmeal; milk;
potatoes; butter and margarine; bread; flour; and other processed
fruits and vegetables. Prices for food away from home also rose,
increasing 0.6 percent over the month. For the year ended April
2008, food and beverage prices increased 5.3 percent, the largest 12-
month change since December 1990.
New York-Northern New Jersey CPI monthly and annual percent changes
(not seasonally adjusted)
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008
Month | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann | Mo | Ann
January 0.8 3.3 0.3 2.7 0.6 4.1 0.8 3.7 0.2 2.7 0.2 3.7
February 0.8 3.3 0.6 2.5 0.4 3.9 0.2 3.6 0.6 3.1 0.5 3.6
March 0.5 3.1 1.1 3.2 1.7 4.4 0.8 2.7 0.7 2.9 0.9 3.8
April -0.2 2.6 0.3 3.7 0.0 4.2 0.9 3.6 0.5 2.5 0.3 3.6
May 0.1 2.8 0.2 3.9 -0.5 3.4 0.6 4.8 0.6 2.5
June 0.1 2.8 0.8 4.6 -0.3 2.3 0.5 5.6 0.5 2.5
July 0.4 3.0 -0.2 3.9 0.9 3.4 0.2 5.0 0.2 2.5
August 0.7 3.1 0.1 3.3 0.8 4.1 0.4 4.7 -0.1 1.9
September 0.3 3.3 0.1 3.2 0.8 4.8 -0.5 3.3 0.0 2.4
October 0.2 3.3 0.7 3.7 0.4 4.5 -0.5 2.4 0.1 3.1
November -0.3 3.1 0.0 3.9 -0.6 3.9 -0.4 2.6 0.4 3.9
December -0.1 3.2 -0.2 3.8 -0.5 3.6 0.2 3.3 0.0 3.7
The index for housing edged down 0.2 percent in April, the first
decline in six months. The shelter component fell 0.4 percent, after
increasing 1.2 percent in March, largely due to a decline in charges
for out-of-town lodging, not uncommon in April. Owners' equivalent
rent and residential rent each increased 0.3 percent, following
similar increases over the past six months. Among the other housing
components, the index for fuels and utilities rose 1.9 percent, after
posting a 0.5-percent decline in March. The rise was primarily due
to a 2.4-percent jump in electricity prices, along with higher prices
for residential fuel oil. Natural gas prices increased 0.4 percent.
Among other expenditure categories, the recreation index rose 1.2
percent, the largest increase in 32 months. The April rise reflected
higher prices for pets and pet products as well as televisions and
audio discs, tapes, and other media. The apparel index dropped 0.8
percent over the month. Following no change in March, medical care
prices edged down 0.2 percent, and education and communication inched
up 0.1 percent. The other goods and services index was unchanged in
April.
With the New York-Northern New Jersey Consumer Price Index for All
Urban Consumers at 233.822 in April (1982-84=100), $23.38 was
required to purchase what $10 could in the 1982-84 base period. The
purchasing power of the dollar was 42.8 cents in 1982-84 dollars and
14.8 cents in 1967 dollars. In April, the Consumer Price Index for
Urban Wage Earners and Clerical Workers (CPI-W) was 228.215, up 0.6
percent over the month. The CPI-W rose 3.8 percent over the year.
On a 1967 base, the April CPI-W was 649.784.
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 - 7331 Labor - New York
05/14/08
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
Feb. Mar. Apr. Apr. Feb. Mar.
2008 2008 2008 2007 2008 2008
Expenditure category
All items........... 231.020 233.122 233.822 3.6 1.2 0.3
All items (1967=100) 667.848 673.924 675.948 - - -
Food and beverages 216.392 217.953 220.009 5.3 1.7 .9
Food.............. 215.477 216.948 219.236 5.5 1.7 1.1
Food at home..... 213.504 215.803 218.925 5.8 2.5 1.4
Food away from
home......... 223.624 224.132 225.469 5.1 .8 .6
Alcoholic
beverages..... 225.980 228.860 227.398 3.6 .6 -.6
Housing............ 250.328 252.586 252.200 3.2 .7 -.2
Shelter........... 300.736 304.244 303.015 2.9 .8 -.4
Rent of primary
residence 1/ 289.775 290.943 291.938 4.7 .7 .3
Owners'
equivalent
rent of
primary
residence 1/
2/ ........... 307.776 308.414 309.225 2.9 .5 .3
Fuels and
utilities..... 198.303 197.303 201.039 10.8 1.4 1.9
Household energy 200.732 199.579 203.684 11.4 1.5 2.1
Gas (piped) and
electricity
1/......... 191.300 186.483 189.437 5.0 -1.0 1.6
Electricity (1) 172.351 165.808 169.629 6.5 -1.6 2.3
Utility (piped)
gas service
1/........ 227.510 226.907 227.722 2.6 .1 .4
Household
furnishings
and operations 127.781 127.754 127.503 -3.4 -.2 -.2
Apparel............ 109.602 112.728 111.844 -2.9 2.0 -.8
Transportation..... 196.627 200.012 203.058 7.3 3.3 1.5
Private
transportation 187.105 189.936 193.421 7.4 3.4 1.8
Motor fuel....... 236.792 247.212 261.591 21.2 10.5 5.8
Gasoline (all
types)...... 235.739 245.733 259.935 20.9 10.3 5.8
Gasoline,
unleaded
regular 3/ 238.519 249.334 264.346 21.2 10.8 6.0
Gasoline,
unleaded
midgrade
3/ 4/.... 235.959 244.449 257.141 20.4 9.0 5.2
Gasoline,
unleaded
premium 3/ 232.596 241.152 254.028 20.0 9.2 5.3
Medical care....... 366.619 366.596 365.956 1.9 -.2 -.2
Recreation 5/..... 113.525 113.542 114.919 .1 1.2 1.2
Education and
communication
5/............ 127.671 127.688 127.836 3.5 .1 .1
Other goods and
services....... 340.327 341.966 341.909 1.9 .5 .0
Commodity and service group
All items........... 231.020 233.122 233.822 3.6 1.2 .3
Commodities........ 176.202 178.566 180.466 4.6 2.4 1.1
Commodities less
food and
beverages..... 148.095 150.731 152.462 4.0 2.9 1.1
Nondurables less
food and
beverages.... 178.595 183.522 186.936 7.6 4.7 1.9
Durables......... 108.165 108.113 107.876 -2.3 -.3 -.2
Services........... 277.976 279.870 279.574 3.0 0.6 -0.1
Special aggregate indexes
All items less
medical care.... 224.900 227.055 227.793 3.7 1.3 .3
All items less
shelter......... 203.711 205.228 206.779 4.0 1.5 .8
Commodities less
food............ 151.381 154.042 155.690 4.0 2.8 1.1
Nondurables......... 199.539 202.929 205.745 6.5 3.1 1.4
Nondurables less
food............ 181.729 186.564 189.731 7.3 4.4 1.7
Services less rent
of shelter (2) 262.256 262.143 263.044 3.1 .3 .3
Services less
medical care
services........ 270.599 272.565 272.280 3.1 .6 -.1
Energy.............. 216.522 220.181 228.579 15.7 5.6 3.8
All items less
energy.......... 234.042 236.006 235.958 2.6 .8 .0
All items less food
and energy..... 238.911 240.980 240.489 2.0 .7 -.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: May 14, 2008
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