PROVIDENCE – The Northeast consumer price index increased 2.3 percent year over year, 0.2 percentage points lower than the average U.S. city growth, according to the Bureau of Labor Statistics Wednesday.
The largest year-over-year price increases in the Northeast were motor fuel and gasoline, which increased 12.2 percent, energy, which increased 9.1 percent, and fuels and utilities, which increased 5.7 percent.
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The region’s utility piped gas service CPI increased 4 percent year over year in the Northeast, while the average U.S. city index for gas service declined 2.1 percent. Overall, the 5.7 percent increase in fuels and utilities in the Northeast region outpaced the average U.S. city by 4.2 percentage points in October.
Apparel in the Northeast declined 1.4 percent in price year over year in October, compared with a U.S. city average decline of 0.4 percent. The shelter CPI in the region increased 2.6 percent in October, compared with 3.2 percent for the U.S. city average.
Medical care CPI in the region increased 1.9 percent year over year, compared with 1.7 nationally.
Chris Bergenheim is the PBN web editor. Email him at Bergenheim@PBN.com.
