Northeast consumer prices rise 1.9% in June, led by energy costs

The Northeast regional Consumer Price Index rose 1.9 percent on a nonseasonally adjusted basis during the 12 months ended in June, a somewhat less significant increase than the 2.1 percent jump in consumer prices nationally, according to a report from the U.S. Bureau of Labor Statistics. More

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Northeast consumer prices rise 1.9% in June, led by energy costs

Posted 7/22/14

BOSTON – The Northeast regional Consumer Price Index rose 1.9 percent on a nonseasonally adjusted basis during the 12 months ended in June, a somewhat less significant increase than the 2.1 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 3.9 percent on a year-over-year basis in June, while the national energy index rose 3.2 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 June, slightly below the national increase, which was 2.6 percent last month.

Transportation costs rose 2.2 percent regionally and 1.6 percent nationally. The transportation index includes private transportation costs, motor fuel and gasoline. Medical care costs rose 1.6 percent in the Northeast and 2.6 percent in the U.S. as a whole for the month of June.

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