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.
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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.
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Chris Bergenheim is the PBN web editor. You can reach him at Bergenheim@PBN.com.
