Consumer Price Index, New York Newark Jersey City — October 2024

The Consumer Price Index for All Urban Consumers (CPI-U) in the New York-Newark-Jersey City area increased 0.1 percent in October, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner William J. Sibley noted that the October increase was influenced by higher prices for items other than food and energy, including airline fares, shelter, and recreation. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the New York area all items CPI-U rose 4.0 percent. (See chart 1 and table A). The index for all items less food and energy increased 4.7 percent. Food prices rose 1.4 percent, while energy prices were unchanged. (See table 1.)

Food

Food prices edged down 0.1 percent in October. Prices for food at home decreased 0.2 percent, with three of the six grocery categories reporting lower prices. Food away from home rose 0.1 percent.

Over the year, the food index increased 1.4 percent. Prices for food away from home rose 2.9 percent, and prices for food at home increased 0.6 percent.

Energy

The energy index fell 1.3 percent in October, driven by a 4.5-percent decline in gasoline prices. In contrast, prices for household energy increased 0.6 percent, with increases reported for natural gas (1.0 percent), electricity (0.3 percent), and fuel oil.

From October 2023 to October 2024, the New York area energy index was unchanged. Higher prices for electricity (17.4 percent) and natural gas (14.5 percent), were counterbalanced by lower prices for gasoline (-16.5 percent) and fuel oil.

All items less food and energy

The index for all items less food and energy rose 0.2 percent in October. Prices for public transportation rose, fueled by increases in airline fares. Shelter prices increased 0.3 percent, with higher prices for owners' equivalent rent (0.7 percent) and residential rent (0.5 percent), partially offset by declines in prices for lodging away from home. Recreation prices increased 1.8 percent. Apparel prices-often down in October-declined 5.2 percent.

Over the year, the index for all items less food and energy increased 4.7 percent, led by a 6.0-percent advance in shelter prices. Within shelter, prices rose for owners' equivalent rent (6.5 percent), residential rent (5.1 percent), and lodging away from home. Additional components contributing to the increase were education and communication (3.4 percent), household furnishings and operations (5.2 percent), and recreation (2.8 percent). Partly offsetting the increases was a price decrease in apparel (-1.6 percent).

Table A. New York-Newark-Jersey City, NY-NJ-PA, CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted

Month	2020	2021	2022	2023	2024
1-month	12-month	1-month	12-month	1-month	12-month	1-month	12-month	1-month	12-month
January	0.8	2.5	0.4	1.2	1.1	5.1	0.8	6.0	1.0	3.1
February	0.2	2.4	0.3	1.4	0.3	5.1	0.4	6.0	0.2	2.9
March	-0.2	2.0	0.4	2.0	1.3	6.1	-0.1	4.6	0.4	3.4
April	-0.5	1.1	0.7	3.2	0.9	6.3	0.1	3.7	0.4	3.8
May	0.5	1.4	0.5	3.2	0.5	6.3	0.2	3.5	0.4	3.9
June	0.1	1.3	1.0	4.1	1.4	6.7	0.4	2.5	0.6	4.2
July	0.5	1.7	-0.1	3.5	-0.3	6.5	0.4	3.2	0.3	4.1
August	-0.1	1.4	0.1	3.7	0.2	6.6	0.6	3.5	0.3	3.7
September	0.4	1.9	0.5	3.8	0.2	6.2	0.4	3.7	0.4	3.8
October	-0.2	1.7	0.3	4.3	0.1	6.0	-0.1	3.5	0.1	4.0
November	-0.3	1.4	0.3	5.0	0.2	5.9	-0.2	3.0
December	0.4	1.6	-0.2	4.4	0.2	6.3	0.1	2.9

The Consumer Price Index for November 2024 is scheduled to be released on Wednesday, December 11, 2024, 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 Consumer Price Index for New York is published monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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, NY-NJ-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.

Refer to the national CPI news release technical note or the Handbook of Methods for more information.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, New York-Newark-Jersey City, NY-NJ-PA, not seasonally adjusted
(1982-84=100 unless otherwise noted)

Item and Group	Indexes	Percent change from-
Aug. 2024	Sept. 2024	Oct. 2024	Oct. 2023	Aug. 2024	Sept. 2024
Expenditure category
All items	336.534	337.889	338.166	4.0	0.5	0.1
All items (1967=100)	972.873	976.791	977.590
Food and beverages	337.021	339.549	339.450	1.4	0.7	0.0
Food	338.649	341.228	341.038	1.4	0.7	-0.1
Food at home	316.518	320.248	319.668	0.6	1.0	-0.2
Cereals and bakery products	382.795	386.834	384.663	-0.6	0.5	-0.6
Meats, poultry, fish, and eggs	322.048	325.616	320.084	1.4	-0.6	-1.7
Dairy and related products	276.136	276.046	278.694	2.8	0.9	1.0
Fruits and vegetables	375.024	378.193	380.950	-0.7	1.6	0.7
Nonalcoholic beverages and beverage materials(1)	310.368	314.036	323.281	2.2	4.2	2.9
Other food at home	282.921	288.900	285.307	-0.2	0.8	-1.2
Food away from home	382.162	382.765	383.254	2.9	0.3	0.1
Alcoholic beverages	308.419	310.107	311.479	0.8	1.0	0.4
Housing	367.469	369.156	370.386	6.3	0.8	0.3
Shelter	460.573	462.680	464.023	6.0	0.7	0.3
Rent of primary residence	467.613	470.439	472.564	5.1	1.1	0.5
Owners' equivalent rent of residences(2)	475.139	477.122	480.321	6.5	1.1	0.7
Owners' equivalent rent of primary residence(2)	474.551	476.531	479.727	6.5	1.1	0.7
Fuels and utilities	258.714	262.753	263.855	10.2	2.0	0.4
Household energy	248.648	252.535	253.955	10.9	2.1	0.6
Energy services	237.823	242.949	244.179	16.5	2.7	0.5
Electricity	244.951	242.893	243.533	17.4	-0.6	0.3
Utility (piped) gas service	208.992	227.980	230.298	14.5	10.2	1.0
Household furnishings and operations	138.413	137.634	138.572	5.2	0.1	0.7
Apparel	133.004	139.802	132.590	-1.6	-0.3	-5.2
Transportation	290.377	288.998	288.459	2.4	-0.7	-0.2
Private transportation	292.569	290.284	286.486	1.8	-2.1	-1.3
New and used motor vehicles(3)	125.462	124.852	124.639	0.7	-0.7	-0.2
New vehicles(1)	258.024	257.935	257.895	-0.9	0.0	0.0
Used cars and trucks(1)	352.319	351.977	353.746	-2.2	0.4	0.5
Motor fuel	274.586	257.644	246.095	-16.4	-10.4	-4.5
Gasoline (all types)	273.419	256.536	245.023	-16.5	-10.4	-4.5
Gasoline, unleaded regular(4)	270.018	252.594	240.910	-16.9	-10.8	-4.6
Gasoline, unleaded midgrade(4)(5)	292.696	278.307	267.091	-14.7	-8.7	-4.0
Gasoline, unleaded premium(4)	301.128	286.720	275.858	-13.7	-8.4	-3.8
Medical care	554.664	551.616	553.605	0.5	-0.2	0.4
Recreation(3)	159.721	154.713	157.562	2.8	-1.4	1.8
Education and communication(3)	161.086	164.202	163.851	3.4	1.7	-0.2
Tuition, other school fees, and child care(1)	1,390.267	1,422.051	1,425.068	4.3	2.5	0.2
Other goods and services	494.994	502.588	504.367	2.1	1.9	0.4
Commodity and service group
All items	336.534	337.889	338.166	4.0	0.5	0.1
Commodities	227.359	228.109	225.974	-1.2	-0.6	-0.9
Commodities less food and beverages	164.446	164.377	161.509	-3.4	-1.8	-1.7
Nondurables less food and beverages	205.828	206.277	200.380	-5.6	-2.6	-2.9
Durables	111.769	111.365	110.955	-0.4	-0.7	-0.4
Services	428.893	430.759	433.060	6.4	1.0	0.5
Special aggregate indexes
All items less medical care	326.797	328.307	328.519	4.2	0.5	0.1
All items less shelter	286.858	287.908	287.743	2.6	0.3	-0.1
Commodities less food	169.714	169.688	166.895	-3.2	-1.7	-1.6
Nondurables	272.248	273.735	270.691	-1.5	-0.6	-1.1
Nondurables less food	211.956	212.474	206.952	-5.1	-2.4	-2.6
Services less rent of shelter(2)	406.802	408.476	412.147	6.9	1.3	0.9
Services less medical care services	415.306	417.376	419.539	6.8	1.0	0.5
Energy	262.861	259.181	255.872	0.0	-2.7	-1.3
All items less energy	346.397	348.135	348.675	4.2	0.7	0.2
All items less food and energy	350.208	351.812	352.484	4.7	0.6	0.2
Footnotes (1) Indexes on a December 1977=100 base. (2) Indexes on a December 1982=100 base. (3) Indexes on a December 1997=100 base. (4) Special index based on a substantially smaller sample. (5) Indexes on a December 1993=100 base.

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