PROVIDENCE – The Northeast region consumer price index increased 1.7% year over year in March, not seasonally adjusted, slower inflation than the U.S. city average of 1.9%, according to the U.S. Bureau of Labor Statistics Wednesday.
The Northeast inflation figure was influenced by a few CPI declines across several measured goods and services, including apparel, transportation and energy.
The Northeast region includes New England, New York, New Jersey and Pennsylvania.
Details from the New England price index:
- Food and beverages CPI in the region increased 2% year over year, generally in line with national increases. Food away from home CPI increased 3% both in the Northeast and nationally
- Housing CPI in the region increased 2.2%, slower than the national 2.9% increase
- Fuels and utilities CPI increased 0.4% year over year in the Northeast, slower than the national 0.7% increase. Despite the increase, the figure included a 0.3% decline in utility piped gas service CPI in the region, and a 1.4% decline nationally
- Apparel CPI, which declined 2.2% nationally, fell 0.3% in the Northeast
- Medical care CPI increased 2.8 percent in the region, faster than the national increase of 1.7 %
- Education and communication CPI increased 2.2% in the region, faster than the national CPI growth of 0.8%
- Energy prices declined 0.9% in the Northeast, faster than the national decline of 0.4%
- There was a 2.1 percent decline in gasoline prices in the Northeast year over year, compared with a national decline of 0.7%
Read more about national inflation figures here.
Chris Bergenheim is the PBN web editor. You can reach him at Bergenheim@PBN.com.