Northeast CPI rises 2.1% for year in April

NORTHEAST CPI rose 2.1 percent in April year over year, largely driven by a rise in gasoline prices, piped utility gas prices and energy prices. / BLOOMBERG FILE PHOTO/VINCENT MUNDY
NORTHEAST CPI rose 2.1 percent in April year over year, largely driven by a rise in gasoline prices, piped utility gas prices and energy prices. / BLOOMBERG FILE PHOTO/VINCENT MUNDY

PROVIDENCE – The Consumer Price Index in the Northeast United States increased 2.1 percent year over year, according to the U.S. Bureau of Labor Statistics Thursday.

The rise is 0.4 percentage points below the national CPI growth of 2.5 percent in April.

Northeast region CPI growth was driven by a rise in gas prices, which increased 13.3 percent year over year, a sharp increase in utility piped gas service, rising 10 percent year over year, and a 9.7 percent year over year energy increase.

The rise in gasoline in the Northeast was generally on par with the rise in the rest of the country, but the rise in utility gas service was localized to the Northeast. The U.S. city average rise in piped gas service was 1 percent. In the Boston metro area, the closest area to the Providence metro included in the report, the rise in utility gas service was 32.9 percent year over year.

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Food and beverages in the Northeast increased 1.6 percent in price year over year in April, slightlly more than the national rise.

Housing cost growth in the Northeast was lower than the U.S. city average, rising 2.6 percent, compared with 3 percent.

The BLS reported that four sectors experienced declines in prices in the Northeast in April:

  • Household furnishings and operations, declined 0.9 percent
  • Education and communication, declined 0.3 percent
  • Apparel, declined 0.1 percent
  • Recreation, declined 0.1 percent

None of these consumer sectors experienced declines in the nation as a whole.

Chris Bergenheim is the PBN web editor.