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Rent increases push metro-area consumer price index up

The cost of gasoline fell 11.1 percent last

The cost of gasoline fell 11.1 percent last month compared with November 2013 Photo Credit: AP

Consumer prices in the metropolitan area rose modestly last month compared with a year ago on higher residential rents.

The federal Bureau of Labor Statistics reported Wednesday that its consumer price index for the 31-county region that includes Long Island climbed 0.8 percent in November compared with the same month in 2013.

It was the smallest year-over-year increase in the index since October 2009, according to Martin Kohli, the bureau's chief regional economist.

Residential rents climbed 3.1 percent in November compared with a year earlier.

Grocery prices increased 2.8 percent while medical care costs were up 3.3 percent, year over year.

The cost of gasoline fell 11.1 percent last month compared with November 2013. Natural gas prices were down 13 percent and electricity charges were up 3.8 percent.

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