CONSUMER PRICE INDEX, NEW YORK-NORTHERN NEW JERSEY: JUNE 2009

CONSUMER PRICE INDEX, NEW YORK-NORTHERN NEW JERSEY: JUNE 2009Area prices rose 0.5 percent in June; down 0.6 percent over the year- largest drop since 1955

Retail prices in the greater New York area, including NorthernNew Jersey and Southwestern Connecticut, as measured by the ConsumerPrice Index for All Urban Consumers (CPI-U), increased 0.5 percent inJune, after edging up 0.2 percent in each of the prior three months.Michael L. Dolfman, Regional Commissioner of the U. S. Department ofLabor's Bureau of Labor Statistics, said that the June rise waslargely due to higher energy prices. The increase was partly offsetby price declines in apparel and shelter. For the 12 months ended inJune 2009, the CPI-U decreased 0.6 percent, the largest over-the-yeardrop since 1955. The index for all items less food and energy rose1.9 percent. With the New York-Northern New Jersey CPI-U at 237.172 in June(1982-84=100), $23.72 was required to purchase what $10 could in the1982-84 base period. The purchasing power of the dollar was 42.2cents in 1982-84 dollars and 14.6 cents in 1967 dollars. In June,the Consumer Price Index for Urban Wage Earners and Clerical Workers(CPI-W) was 231.916, up 0.7 percent. The CPI-W fell 0.8 percent overthe year. On a 1967 base, the June CPI-W was 660.322. Data in this report are not seasonally adjusted. Accordingly,month-to-month changes may reflect the impact of seasonal influences.The New York-Northern New Jersey-Long Island, N.Y.-N.J.-Conn.-Pa.consolidated area comprises the five boroughs of New York City,Nassau, Suffolk, Westchester, Rockland, Putnam, Dutchess, and OrangeCounties in New York State; Bergen, Essex, Hudson, Hunterdon, Mercer,Monmouth, Middlesex, Morris, Ocean, Passaic, Somerset, Sussex, Unionand Warren Counties in New Jersey; Fairfield County and parts ofLitchfield, New Haven and Middlesex Counties in Connecticut; and PikeCounty in Pennsylvania.