Long Island's consumer prices rise modestly in November
Though consumer prices rose overall, the cost of clothing was down 3.6% in November, year over year. Credit: Linda Rosier
Consumer prices in the metropolitan area rose modestly in November compared with a year earlier, due largely to the higher cost of housing.
The federal Bureau of Labor Statistics said Wednesday its consumer price index for the 25-county region that includes Long Island climbed 1.8% last month compared with November 2018.
Residential rents increased 3% last month compared with November 2018.
Prices for natural gas and electricity were up 2.4% and 1.7%, respectively, year over year.
The cost of medical care rose 4.4% in November compared with a year earlier. Tuition, other school fees and day-care services climbed 3.9%
These increases were partially offset by a 5.8% decline in gasoline prices from November 2018.
The cost of clothing was down 3.6%, year over year.
Grocery prices were “virtually unchanged," said the bureau’s chief regional economist, Martin Kohli.
James T. Madore writes about Long Island business news including the economy, development, and the relationship between government and business. He previously served as Albany bureau chief.
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