PROVIDENCE – The consumer price index for the Northeast region of the United States increased 1.5% year over year, slower than the nation inflation increase of 1.7%, according to the Bureau of Labor Statistics on Thursday.
The CPI increase was led by a 4.6% increase in medical care CPI year over year and recreation CPI increase of 2.8% year over year. Growth in regional CPI was offset by declines in fuels and utilities and energy, which declined 2.1% and 4.8% year over year, respectively.
Northeast CPI changes year over year:
• Medical Care CPI increased 4.6%, faster than the 3.5% increase nationally
• Recreation increased 2.8% year over year, faster than a 1.2% increase nationally
• Other goods and services increased 2.8% year over year, faster than a 2.3% increase nationally
• Education and communication CPI increased 2.4% year over year, substantially more than the rate of 0.6% nationally.
• Housing CPI increased 1.4% year over year, slower than a national increase of 2.8%. The regional increase in housing costs was offset by a 2.1% decline in fuels and utilities.
• Apparel costs increased 0.5% year over year, slower than the national increase of 1% in that time.
• Energy CPI declined 4.8% year over year, faster than a 4.4% decline in the U.S.
Chris Bergenheim is the PBN web editor. You may reach him at Bergenheim@PBN.com.
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