Consumer prices rise 1.8% in Northeast region for July

The Northeast regional Consumer Price Index rose 1.8 percent on a nonseasonally adjusted basis during the 12 months ended in July compared with the national consumer price increase of 2 percent, according to a report from the U.S. Bureau of Labor Statistics. More

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Consumer prices rise 1.8% in Northeast region for July

THE PRICE INDEX for all consumer costs in the Northeast rose 1.8 percent in July, led by a 2.4 percent increase in housing prices.
Posted 8/19/14

BOSTON – The Northeast regional Consumer Price Index rose 1.8 percent on a nonseasonally adjusted basis during the 12 months ended in July compared with the national consumer price increase of 2 percent, according to a report from the U.S. Bureau of Labor Statistics.

The monthly Consumer Price Index for all items includes housing, 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 2.2 percent on a year-over-year basis in July, while the national energy index rose 2.6 percent.

The housing index in the Northeast – which includes rent or the homeowner equivalent, fuels and utilities, and household furnishings and operations – posted a 2.4 percent year-over-year increase in July, compared with a national increase of 2.7 percent last month.

Transportation costs rose 1 percent regionally and nine-tenths of a percent nationally. The transportation index includes private transportation costs, motor fuel and gasoline.

Medical care costs rose 1.7 percent in the Northeast and 2.6 percent in the U.S. as a whole for the month of July.

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