Prices for goods in services in the New York-Newark-Jersey City area increased 0.1% in April and advanced 3.7% from a year ago, according to the Consumer Price Index (CPI) released May 10, 2023, by the Labor Department’s Bureau of Labor Statistics.
*The pair of 2023 data points in the chart above are the latest available 12-month based rates from the most recent CPI report.
These rates compare to the national inflation rates of 0.4% in April and 4.9% year-over-year, as well as the New York-Newark-Jersey City area’s previous monthly and annual changes of 0.1% lower and 4.6% higher.
Additional Headline Inflation Figures for the New York Area
The areas food prices rose 0.3% in April after rising 0.5% in March. They surged 6.7% year-over-year.
Energy prices for the month fell 0.6% after falling 4.9% previously, and they dropped 10.6% from a year ago.
Stripping food and energy, so-called core inflation (all items less food and energy) increased 0.1% in April from 0.2% in March and it advanced by 4.7% year-over-year.
The following table offers some key inflation figures for the metro area.
January to April 2023 and 12-Month Consumer Prices in New York-Newark-Jersey City Metro Area – Gains & Losses in Percent
(Seasonally Adjusted from Prior Month and Unadjusted for 12-Month)
| Jan 2023 | Feb 2023 | Mar 2023 | April 2023 | 12 Month | |
| All items | 0.8 | 0.4 | -0.1 | 0.1 | 3.7 |
| Food | 0.8 | 0.1 | 0.5 | 0.3 | 6.7 |
| Food at home | 0.8 | 0.2 | 0.1 | 0.3 | 6.1 |
| Food away from home | 0.8 | -0.1 | 0.7 | 0.4 | 7.6 |
| Energy | 0.9 | -2.7 | -4.9 | -0.6 | -10.6 |
| Gasoline (all types) | -1.1 | 0.3 | -2.1 | 4.0 | -15.3 |
| Electricity | 5.0 | -2.3 | -1.1 | -3.0 | -8.0 |
| All items less food, energy | 0.8 | 0.6 | 0.2 | 0.1 | 4.4 |
| New vehicles | 0.3 | 0.4 | 0.3 | 0.2 | 5.4 |
| Used cars and trucks | -1.8 | -1.6 | 0.8 | 4.7 | -6.1 |
| Apparel | 8.8 | 0.8 | 3.4 | -3.0 | 5.4 |
| Medical care | -0.4 | -0.1 | -0.4 | -3.0 | 5.4 |
| Shelter | 0.6 | 0.4 | 0.6 | 0.2 | 5.7 |
| Transportation | -0.4 | 2.2 | -1.6 | 1.2 | 0.3 |
The inflation data above is not seasonally adjusted and, accordingly, month-to-month changes may reflect seasonal influences.
The New York-Newark-Jersey City, NY-NJ-PA Core Based Statistical Area includes Bronx, Dutchess, Kings, Nassau, New York, Orange, Putnam, Queens, Richmond, Rockland, Suffolk, and Westchester Counties in New York; Bergen, Essex, Hudson, Hunterdon, Middlesex, Monmouth, Morris, Ocean, Passaic, Somerset, Sussex, and Union Counties in New Jersey; and Pike County in Pennsylvania.
The Consumer Price Index (CPI) in area for March and the latest annual period becomes public on June 13, 2023.
This last table offers annual inflation rates for the area since 1942. The last column, "Ave," shows the annual averages for each calendar year.
New York-Newark-Jersey City Area Inflation Rates (1942-2023)*
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Ave |
| 1942 | 9.5 | 9.5 | 10.1 | 10.1 | 10.0 | 9.9 | 9.8 | 9.7 | 8.3 | 8.9 | 9.5 | 10.1 | 9.2 |
| 1943 | 8.7 | 8.0 | 9.2 | 9.1 | 9.7 | 8.4 | 7.7 | 5.9 | 7.1 | 6.4 | 5.2 | 4.6 | 7.2 |
| 1944 | 4.0 | 3.4 | 2.2 | 2.2 | 1.7 | 1.7 | 2.2 | 3.4 | 2.2 | 1.6 | 2.2 | 2.2 | 2.8 |
| 1945 | 2.2 | 2.8 | 1.6 | 1.6 | 1.6 | 2.7 | 3.2 | 2.7 | 2.2 | 2.2 | 2.2 | 2.7 | 2.7 |
| 1946 | 3.2 | 3.2 | 4.3 | 4.8 | 4.8 | 4.8 | 9.9 | 12.1 | 15.3 | 18.0 | 18.4 | 18.8 | 9.5 |
| 1947 | 17.7 | 17.2 | 19.2 | 17.4 | 15.8 | 15.7 | 9.5 | 8.9 | 8.3 | 5.8 | 6.2 | 6.2 | 12.1 |
| 1948 | 8.0 | 8.0 | 4.3 | 6.6 | 7.9 | 7.9 | 9.6 | 9.1 | 7.2 | 6.4 | 4.6 | 2.5 | 6.5 |
| 1949 | 1.2 | 0.4 | 2.1 | 0.8 | 0.0 | -0.8 | -2.8 | -3.2 | -2.8 | -3.2 | -2.8 | -2.0 | -0.8 |
| 1950 | -2.8 | -1.2 | -1.6 | -1.6 | -1.2 | -0.8 | 0.8 | 0.8 | 1.6 | 3.3 | 4.1 | 5.8 | 0.4 |
| 1951 | 7.9 | 9.1 | 9.1 | 8.7 | 9.5 | 8.2 | 6.9 | 6.9 | 6.4 | 6.4 | 5.9 | 4.7 | 7.7 |
| 1952 | 3.5 | 1.5 | 1.1 | 1.5 | 0.8 | 1.5 | 2.7 | 2.7 | 1.9 | 1.5 | 1.5 | 0.7 | 1.5 |
| 1953 | 0.4 | 0.4 | 0.8 | 0.4 | 0.4 | 1.1 | 0.0 | 0.4 | 0.7 | 0.7 | 0.0 | 1.1 | 0.7 |
| 1954 | 1.5 | 1.5 | 1.1 | 1.5 | 1.5 | 0.7 | 0.7 | 0.4 | -0.4 | -0.4 | 0.0 | -0.7 | 0.4 |
| 1955 | -0.7 | 0.0 | 0.0 | -0.4 | -0.7 | -0.7 | -1.1 | -1.1 | 0.0 | -0.4 | 0.0 | -0.4 | -0.4 |
| 1956 | 0.0 | -0.4 | 0.0 | 0.0 | 1.1 | 1.5 | 2.2 | 2.2 | 2.2 | 3.0 | 2.6 | 3.3 | 1.5 |
| 1957 | 3.0 | 3.3 | 3.3 | 4.1 | 3.7 | 3.6 | 3.6 | 3.6 | 2.5 | 2.5 | 2.5 | 2.5 | 3.3 |
| 1958 | 3.9 | 3.6 | 4.3 | 3.5 | 3.2 | 2.8 | 2.1 | 2.1 | 2.8 | 2.4 | 2.8 | 2.4 | 2.8 |
| 1959 | 1.4 | 1.4 | 0.7 | 0.7 | 0.7 | 1.4 | 2.1 | 1.7 | 1.7 | 2.0 | 2.0 | 2.4 | 1.4 |
| 1960 | 2.0 | 2.0 | 2.0 | 2.4 | 2.4 | 1.7 | 1.0 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 2.0 |
| 1961 | 1.3 | 1.3 | 1.3 | 0.7 | 0.7 | 0.7 | 1.3 | 1.0 | 1.0 | 0.7 | 0.3 | 0.3 | 1.0 |
| 1962 | 1.0 | 1.3 | 1.3 | 1.7 | 1.3 | 1.7 | 1.3 | 1.6 | 2.0 | 2.0 | 1.6 | 1.6 | 1.3 |
| 1963 | 1.6 | 1.6 | 1.6 | 1.9 | 2.0 | 2.6 | 2.9 | 2.6 | 1.9 | 1.9 | 2.6 | 2.9 | 2.3 |
| 1964 | 2.2 | 2.2 | 2.2 | 1.9 | 2.2 | 1.3 | 0.9 | 0.9 | 1.3 | 1.3 | 1.3 | 0.9 | 1.6 |
| 1965 | 0.9 | 0.9 | 0.9 | 1.3 | 1.6 | 1.9 | 1.9 | 1.9 | 1.9 | 2.2 | 1.9 | 2.2 | 1.6 |
| 1966 | 2.5 | 2.8 | 3.4 | 3.4 | 3.1 | 2.8 | 3.4 | 3.7 | 4.0 | 4.0 | 4.0 | 3.6 | 3.4 |
| 1967 | 3.3 | 3.3 | 2.7 | 2.4 | 2.7 | 3.0 | 2.4 | 2.4 | 2.1 | 2.0 | 2.3 | 2.6 | 2.7 |
| 1968 | 2.9 | 2.9 | 3.5 | 3.8 | 3.8 | 4.1 | 4.3 | 4.9 | 5.2 | 5.4 | 5.4 | 5.4 | 4.3 |
| 1969 | 6.0 | 5.7 | 6.2 | 6.5 | 6.4 | 6.7 | 6.4 | 5.8 | 6.0 | 6.0 | 6.0 | 6.8 | 6.1 |
| 1970 | 7.0 | 7.8 | 7.2 | 7.4 | 7.6 | 7.6 | 7.6 | 7.5 | 7.5 | 7.4 | 7.4 | 7.1 | 7.6 |
| 1971 | 6.5 | 6.2 | 6.4 | 5.9 | 5.9 | 5.8 | 6.3 | 6.0 | 5.5 | 5.3 | 5.0 | 4.7 | 5.8 |
| 1972 | 5.0 | 4.9 | 4.7 | 4.6 | 4.4 | 3.9 | 3.6 | 3.9 | 4.5 | 4.5 | 4.5 | 4.3 | 4.4 |
| 1973 | 4.0 | 4.2 | 4.9 | 5.5 | 5.8 | 6.2 | 5.9 | 7.5 | 7.0 | 7.4 | 8.5 | 9.3 | 6.2 |
| 1974 | 9.7 | 10.5 | 10.6 | 9.7 | 10.5 | 10.6 | 10.8 | 10.8 | 11.6 | 11.9 | 11.4 | 10.9 | 10.8 |
| 1975 | 10.2 | 9.5 | 8.2 | 8.4 | 7.6 | 7.3 | 7.9 | 6.6 | 6.7 | 6.1 | 6.5 | 6.4 | 7.7 |
| 1976 | 6.6 | 6.2 | 6.5 | 6.5 | 6.5 | 6.7 | 6.1 | 6.0 | 5.5 | 5.3 | 4.4 | 4.4 | 5.9 |
| 1977 | 4.5 | 5.0 | 5.1 | 5.3 | 5.6 | 5.7 | 5.6 | 5.5 | 4.9 | 4.8 | 5.3 | 5.0 | 5.2 |
| 1978 | 5.3 | 4.8 | 5.1 | 5.4 | 5.3 | 5.6 | 5.6 | 5.6 | 6.2 | 6.8 | 6.6 | 6.7 | 5.6 |
| 1979 | 6.8 | 7.6 | 7.4 | 7.8 | 8.2 | 8.1 | 8.7 | 8.9 | 9.6 | 9.8 | 10.2 | 10.6 | 8.7 |
| 1980 | 11.4 | 11.1 | 12.0 | 11.8 | 11.4 | 11.7 | 11.6 | 11.8 | 10.9 | 10.5 | 10.4 | 10.9 | 11.4 |
| 1981 | 10.4 | 10.8 | 9.8 | 9.6 | 9.5 | 9.0 | 9.9 | 10.0 | 11.2 | 10.2 | 9.5 | 8.4 | 9.7 |
| 1982 | 7.6 | 6.5 | 5.4 | 5.1 | 5.5 | 6.9 | 5.6 | 5.1 | 4.4 | 6.1 | 5.9 | 5.2 | 5.8 |
| 1983 | 5.3 | 5.3 | 6.1 | 6.8 | 6.1 | 4.2 | 4.3 | 3.9 | 4.0 | 2.9 | 3.7 | 4.4 | 4.7 |
| 1984 | 5.1 | 5.5 | 5.7 | 5.0 | 4.7 | 4.6 | 4.8 | 5.4 | 5.1 | 4.7 | 4.7 | 4.6 | 5.0 |
| 1985 | 3.8 | 3.8 | 3.7 | 3.7 | 3.8 | 3.8 | 3.4 | 3.5 | 3.2 | 3.5 | 3.9 | 4.2 | 3.7 |
| 1986 | 4.8 | 3.9 | 3.7 | 3.1 | 2.6 | 3.1 | 3.8 | 3.2 | 3.1 | 3.3 | 2.3 | 2.5 | 3.3 |
| 1987 | 2.6 | 3.4 | 3.9 | 4.9 | 5.8 | 5.5 | 4.8 | 5.5 | 6.0 | 6.0 | 6.4 | 6.0 | 5.1 |
| 1988 | 5.8 | 5.0 | 4.9 | 5.1 | 4.6 | 4.5 | 4.8 | 4.5 | 5.2 | 5.0 | 4.5 | 4.5 | 4.8 |
| 1989 | 4.7 | 5.4 | 6.1 | 5.6 | 6.1 | 6.0 | 5.7 | 5.4 | 4.9 | 5.2 | 5.8 | 5.8 | 5.6 |
| 1990 | 6.4 | 6.0 | 6.0 | 6.0 | 5.4 | 5.1 | 6.0 | 7.0 | 6.5 | 6.6 | 6.2 | 6.2 | 6.0 |
| 1991 | 5.8 | 6.1 | 5.0 | 4.7 | 5.0 | 5.5 | 4.9 | 3.9 | 3.6 | 2.9 | 3.6 | 3.5 | 4.5 |
| 1992 | 3.0 | 3.1 | 4.0 | 3.8 | 3.4 | 3.4 | 3.2 | 3.7 | 3.8 | 4.4 | 3.8 | 3.6 | 3.6 |
| 1993 | 3.9 | 3.8 | 3.4 | 3.2 | 3.3 | 3.1 | 2.9 | 3.0 | 2.6 | 2.2 | 2.1 | 2.4 | 3.0 |
| 1994 | 2.0 | 2.5 | 2.5 | 2.4 | 2.3 | 2.3 | 2.5 | 2.4 | 2.4 | 2.6 | 2.6 | 2.1 | 2.4 |
| 1995 | 2.5 | 1.8 | 1.9 | 2.3 | 2.9 | 2.8 | 2.6 | 2.3 | 2.6 | 2.6 | 2.8 | 3.0 | 2.5 |
| 1996 | 3.1 | 3.4 | 3.5 | 2.9 | 2.8 | 2.7 | 2.7 | 2.7 | 3.1 | 2.8 | 2.8 | 2.9 | 2.9 |
| 1997 | 2.6 | 2.7 | 2.5 | 2.5 | 2.1 | 2.3 | 2.5 | 2.2 | 2.1 | 2.4 | 2.1 | 2.0 | 2.3 |
| 1998 | 1.8 | 1.5 | 1.3 | 1.6 | 1.8 | 1.6 | 1.6 | 2.0 | 1.6 | 1.5 | 1.6 | 1.6 | 1.6 |
| 1999 | 1.7 | 1.4 | 1.4 | 1.7 | 1.8 | 2.1 | 2.1 | 2.0 | 2.2 | 2.3 | 2.3 | 2.2 | 2.0 |
| 2000 | 2.5 | 3.1 | 3.4 | 3.1 | 3.0 | 2.9 | 3.2 | 3.1 | 3.5 | 3.2 | 3.2 | 3.1 | 3.1 |
| 2001 | 3.1 | 2.7 | 2.7 | 2.9 | 3.3 | 3.5 | 2.7 | 2.7 | 2.0 | 1.7 | 1.7 | 1.7 | 2.5 |
| 2002 | 1.9 | 2.5 | 2.5 | 2.8 | 2.2 | 1.7 | 2.2 | 2.7 | 2.8 | 3.1 | 3.0 | 3.1 | 2.6 |
| 2003 | 3.3 | 3.3 | 3.1 | 2.6 | 2.8 | 2.8 | 3.0 | 3.1 | 3.3 | 3.3 | 3.1 | 3.2 | 3.1 |
| 2004 | 2.7 | 2.5 | 3.2 | 3.7 | 3.9 | 4.6 | 3.9 | 3.3 | 3.2 | 3.7 | 3.9 | 3.8 | 3.5 |
| 2005 | 4.1 | 3.9 | 4.4 | 4.2 | 3.4 | 2.3 | 3.4 | 4.1 | 4.8 | 4.5 | 3.9 | 3.6 | 3.9 |
| 2006 | 3.7 | 3.6 | 2.7 | 3.6 | 4.8 | 5.6 | 5.0 | 4.7 | 3.3 | 2.4 | 2.6 | 3.3 | 3.8 |
| 2007 | 2.7 | 3.1 | 2.9 | 2.5 | 2.5 | 2.5 | 2.5 | 1.9 | 2.4 | 3.1 | 3.9 | 3.7 | 2.8 |
| 2008 | 3.7 | 3.6 | 3.8 | 3.6 | 4.0 | 4.5 | 5.1 | 5.4 | 5.2 | 4.3 | 2.2 | 1.6 | 3.9 |
| 2009 | 1.5 | 1.6 | 0.8 | 0.8 | -0.1 | -0.6 | -1.1 | -0.9 | -0.6 | 0.0 | 1.8 | 2.3 | 0.4 |
| 2010 | 2.4 | 1.8 | 2.1 | 2.1 | 2.2 | 1.5 | 1.5 | 1.4 | 1.2 | 1.5 | 1.3 | 1.4 | 1.7 |
| 2011 | 1.5 | 2.1 | 2.3 | 2.5 | 2.9 | 3.2 | 3.3 | 3.5 | 3.8 | 3.3 | 3.0 | 2.7 | 2.8 |
| 2012 | 2.8 | 2.6 | 2.6 | 2.4 | 1.8 | 1.6 | 1.1 | 1.4 | 1.6 | 1.7 | 2.0 | 2.1 | 2.0 |
| 2013 | 2.2 | 2.4 | 1.9 | 1.4 | 1.4 | 1.8 | 2.1 | 1.7 | 1.6 | 1.1 | 1.2 | 1.5 | 1.7 |
| 2014 | 1.9 | 1.1 | 1.3 | 1.6 | 1.9 | 1.7 | 1.6 | 1.3 | 1.0 | 1.3 | 0.8 | 0.3 | 1.3 |
| 2015 | -0.5 | 0.1 | -0.1 | 0.0 | -0.1 | 0.1 | -0.1 | 0.1 | 0.3 | 0.4 | 0.6 | 0.7 | 0.1 |
| 2016 | 0.8 | 0.6 | 0.7 | 1.0 | 0.9 | 0.9 | 1.0 | 1.1 | 1.0 | 1.2 | 1.6 | 2.1 | 1.1 |
| 2017 | 2.5 | 2.6 | 2.3 | 2.0 | 1.8 | 1.8 | 1.6 | 1.7 | 2.1 | 1.8 | 1.6 | 1.6 | 2.0 |
| 2018 | 1.4 | 1.7 | 1.7 | 1.9 | 2.2 | 2.0 | 2.2 | 2.2 | 2.0 | 2.0 | 1.9 | 1.6 | 1.9 |
| 2019 | 1.6 | 1.3 | 1.6 | 1.6 | 1.5 | 1.7 | 1.7 | 1.8 | 1.4 | 1.5 | 1.8 | 2.2 | 1.7 |
| 2020 | 2.5 | 2.4 | 2.0 | 1.1 | 1.4 | 1.3 | 1.7 | 1.4 | 1.9 | 1.7 | 1.4 | 1.6 | 1.7 |
| 2021 | 1.2 | 1.4 | 2.0 | 3.2 | 3.2 | 4.1 | 3.5 | 3.7 | 3.8 | 4.3 | 5.0 | 4.4 | 3.3 |
| 2022 | 5.1 | 5.1 | 6.1 | 6.3 | 6.3 | 6.7 | 6.5 | 6.6 | 6.2 | 6.0 | 5.9 | 6.3 | 6.1 |
| 2023 | 6.0 | 6.0 | 4.6 | 3.7 | Avail. June 13 |
*Data Source: U.S. Bureau of Labor Statistics: All items in New York-Newark-Jersey City, NY-NJ-PA, all urban consumers, not seasonally adjusted. Base Period: 1982-84=100.