Consumer prices climb 1.6% in Northeast region

The Northeast regionally Consumer Price Index rose 1.6 percent on a non-seasonally adjusted basis during the 12 months ended in April, a less significant increase than the 2 percent jump in consumer prices nationally, according to a report from the U.S. Bureau of Labor Statistics. More

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Consumer prices climb 1.6% in Northeast region

CONSUMER PRICES IN the Northeast rose 1.6 percent year over year in April, according to the U.S. Bureau of Labor Statistic's Consumer Price Index. That increase included a 2.9 percent rise in the energy index and a 2.6 percent rise in housing costs.
Posted 5/15/14

BOSTON – The Northeast regionally Consumer Price Index rose 1.6 percent on a non-seasonally adjusted basis during the 12 months ended in April, a less significant increase than the 2 percent jump in consumer prices nationally, according to a report from the U.S. Bureau of Labor Statistics.

The monthly Consumer Price Index for all items includes housing, energy, transportation and medical care costs, as well as educational and recreational expenses, and the more volatile food and energy prices.

In the Northeast region – which includes the six New England states as well as New Jersey, New York and Pennsylvania – the energy index rose 2.9 percent on a year-over-year basis in April, while the national energy index rose 3.3 percent.

The housing index in the Northeast – which includes rent or the homeowner equivalent, fuels and utilities, and household furnishings and operations – posted a 2.6 percent year-over-year increase in April, slightly above the national increase, which was 2.5 percent last month.

Transportation costs rose 1.2 percent regionally and 1.5 percent nationally. The transportation index includes private transportation costs, motor fuel and gasoline. Medical care costs rose 1.3 percent in the Northeast and 2.4 percent in the U.S. as a whole for the month of April.

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