Consumer durables prices dropped in 2001

May 28, 2002

In 2001, prices paid by consumers for durable commodities decreased 1.3 percent—the fourth drop in five years. Nondurables prices also fell in 2001, for the first time since 1986.

Annual change in the Consumer Price Index for durables and nondurables, 1997-2001
[Chart data—TXT]

Examples of consumer durables are furniture, televisions, new vehicles, and personal computers. Furniture prices were down by 3.1 percent and television prices down by 10.8 percent last year. Prices of new vehicles declined 0.1 percent and prices of personal computers and peripheral equipment fell by 30.7 percent.

Nondurable commodities include apparel and energy commodities such as gasoline and fuel oil. Prices for apparel fell 3.2 percent in 2001 and the price index for energy commodities dropped 24.5 percent.

These data are produced by the BLS Consumer Price Index program. Annual percent changes are December-to-December changes. For additional information on consumer price changes in 2001, see "Consumer inflation lower in 2001: energy and apparel prices declined," by Todd Wilson, Monthly Labor Review, March 2002.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, Consumer durables prices dropped in 2001 on the Internet at http://www.bls.gov/opub/ted/2002/may/wk3/art05.htm (visited July 24, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.