What is the current inflation rate of the Northeast region of the US?
Data updated November 17, 2024
About 3.5%, as of October 2024. The annual inflation rate measures the difference in prices in one month to the same month a year before. While several government datasets track price changes, the Consumer Price Index (CPI) represents the spending habits of people living in urban areas, or about 90% of the US population. In addition to reporting inflation representing the spending of all urban Americans, the CPI also provides area-specific measures of inflation. The latest CPI data shows that the Northeast region has higher inflation than the US overall.
Showing data for
3.5%
annual inflation rate, all items in Northeast region (Oct 2023 to Oct 2024)
2.6%
annual inflation rate, all items in all urban areas in the US (Oct 2023 to Oct 2024)
There are multiple ways to measure inflation. Headline inflation includes all consumer spending categories, such as food, housing, and transportation, offering a broad view of the overall cost of living. However, because food and energy prices can be highly volatile due to factors like weather or supply chain disruptions, core inflation excludes these categories.
In October 2024, the Northeast region had a headline inflation rate of 3.5% and core inflation of 4.4%. Core inflation was higher than headline. That means food and energy had lower price increases over the previous year compared to other goods and services.
Headline inflation was lower than core inflation in October 2024.
Year-over-year percent change of CPI-U, Northeast census region, not seasonally adjusted
Headline inflation in the Northeast region was higher than the national average for all urban areas. Northeast price increases were higher in five CPI categories: education and communication, housing, medical care, recreation, and transportation. Of those, housing inflation differed most between the region and the rest of the country. The annual inflation rate for housing was 5.6% in the region, compared with 4.2% across the US.
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In the Northeast region during October 2024, the inflation rate for housing was 5.6%.
Year-over-year percent change of CPI-U (October 2023 to October 2024), not seasonally adjusted
The Northeast region had the highest inflation rate among the four census regions, a common way the federal government groups states for data collection. The Northeast region includes the following states: Connecticut, Massachusetts, Maine, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.
The lowest headline inflation across the four census regions of the US was 2.1% in the West region. The highest was 3.5% in the Northeast.
Among the four census regions of the US, the West had the lowest headline inflation rate.
Year-over-year percent change of CPI-U (Oct 2023 to Oct 2024), not seasonally adjusted
