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16-1445-CHI
Friday, July 15, 2016

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Consumer Price Index, Cincinnati-Hamilton — First Half 2016

Local prices rose 0.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Cincinnati-Hamilton area rose 0.9 percent from the first half of 2015 to the first half of 2016, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that the all items less food and energy index was 1.6 percent higher compared to its first half 2015 level as price increases were noted for several categories: medical care, shelter, and household furnishings and operations. Food prices edged down 0.1 percent over the year while the index for energy decreased 2.7 percent. (See chart 1.)

 

Food

Food prices edged down 0.1 percent from their first half 2015 levels. Within the food category, the index for food at home (groceries) was 2.3 percent lower while prices for food away from home (restaurant, cafeteria, and vending purchases) were up 2.8 percent.

Energy

The energy index fell 2.7 percent from the first half of 2015 to the first half of 2016. Within the energy category, the indexes for gasoline and utility (piped) gas service declined 12.3 percent and 6.6 percent, respectively, over the year. The index for electricity rose 11.2 percent compared to its first half 2015 level.

All items less food and energy

The all items less food and energy index increased 1.6 percent over the year. Among the index’s components, higher costs were recorded for medical care (5.0 percent), shelter (1.2 percent), and household furnishings and operations (3.0 percent). Prices declined 3.7 percent for education and communication over the year.

The second half 2016 Consumer Price Index for Cincinnati-Hamilton is scheduled to be released in January 2017.


Technical Note

The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed market basket of goods and services. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 percent of the total population. The CPI-U includes, in addition to wage earners and clerical workers, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.

The CPI is based on prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors' and dentists' services, drugs, and the other goods and services that people buy for day-to-day living. Each month, prices are collected in 87 urban areas across the country from about 6,000 housing units and approximately 24,000 retail establishments--department stores, supermarkets, hospitals, filling stations, and other types of stores and service establishments. All taxes directly associated with the purchase and use of items are included in the index.

The index measures price changes from a designated reference date (1982-84) that equals 100.0. An increase of 16.5 percent, for example, is shown as 116.5. This change can also be expressed in dollars as follows: the price of a base period "market basket" of goods and services in the CPI has risen from $10 in 1982-84 to $11.65. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, available on the Internet at www.bls.gov/opub/hom/pdf/homch17.pdf.

In calculating the index, price changes for the various items in each location are averaged together with weights that represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. Because the sample size of a local area is smaller, the local area index is subject to substantially more sampling and other measurement error than the national index. In addition, local indexes are not adjusted for seasonal influences. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. Note: Area indexes do not measure differences in the level of prices between cities; they only measure the average change in prices for each area since the base period.

The Cincinnati-Hamilton, Ohio-Ky.-Ind. consolidated area covered in this release is comprised of Dearborn and Ohio Counties in Indiana; Boone, Campbell, Gallatin, Grant, Kenton, and Pendleton Counties in Kentucky; and Brown, Butler, Clermont, Hamilton and Warren Counties in Ohio.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods

Cincinnati-Hamilton, OH-KY-IN (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
1st half 2016 from-
1st half
2015
2nd half
2015
1st half
2016
1st half
2015
2nd half
2015

Expenditure category

 
 

All items

222.788 223.768 224.871 0.9 0.5

All items (1967=100)

689.355 692.387 695.799 - -

Food and beverages

220.267 220.788 220.140 -0.1 -0.3

Food

217.052 217.530 216.751 -0.1 -0.4

Food at home

214.125 212.216 209.126 -2.3 -1.5

Food away from home

225.292 228.976 231.605 2.8 1.1

Alcoholic beverages

245.699 246.798 247.588 0.8 0.3

Housing

205.651 207.636 209.499 1.9 0.9

Shelter

237.133 238.064 239.862 1.2 0.8

Rent of primary residence (1)

240.307 242.803 244.768 1.9 0.8

Owners' equiv. rent of residences (1) (2)

237.664 238.344 240.588 1.2 0.9

Owners' equiv. rent of primary residence (1) (2)

237.664 238.344 240.588 1.2 0.9

Fuels and utilities

214.231 223.026 225.311 5.2 1.0

Household energy

175.554 183.822 186.475 6.2 1.4

Energy services (1)

180.467 189.554 192.795 6.8 1.7

Electricity (1)

179.360 193.153 199.454 11.2 3.3

Utility (piped) gas service (1)

175.840 171.219 164.191 -6.6 -4.1

Household furnishings and operations

113.917 114.913 117.333 3.0 2.1

Apparel

144.581 141.160 144.038 -0.4 2.0

Transportation

198.886 199.744 197.109 -0.9 -1.3

Private transportation

195.056 196.559 193.666 -0.7 -1.5

Motor fuel

227.857 225.326 199.362 -12.5 -11.5

Gasoline (all types)

226.759 224.337 198.855 -12.3 -11.4

Gasoline, unleaded regular (3)

232.079 229.042 202.113 -12.9 -11.8

Gasoline, unleaded midgrade (3) (4)

222.136 222.655 201.443 -9.3 -9.5

Gasoline, unleaded premium (3)

202.371 207.829 192.189 -5.0 -7.5

Medical care

468.622 471.922 491.865 5.0 4.2

Recreation (5)

126.128 126.369 128.820 2.1 1.9

Education and communication (5)

133.292 130.372 128.352 -3.7 -1.5

Other goods and services

477.130 492.263 492.706 3.3 0.1
 

Commodity and service group

 
 

All items

222.788 223.768 224.871 0.9 0.5

Commodities

175.929 175.740 175.107 -0.5 -0.4

Commodities less food & beverages

152.862 152.388 151.830 -0.7 -0.4

Nondurables less food & beverages

188.964 187.769 185.716 -1.7 -1.1

Durables

118.224 118.340 119.028 0.7 0.6

Services

272.800 274.938 277.669 1.8 1.0
 

Special aggregate indexes

 
 

All items less medical care

211.473 212.346 212.581 0.5 0.1

All items less shelter

219.231 220.240 221.073 0.8 0.4

Commodities less food

156.553 156.115 155.549 -0.6 -0.4

Nondurables

205.758 205.375 203.887 -0.9 -0.7

Nondurables less food

193.841 192.761 190.707 -1.6 -1.1

Services less rent of shelter (2)

321.958 325.637 329.545 2.4 1.2

Services less medical care services

255.961 257.779 260.135 1.6 0.9

Energy

200.140 203.850 194.644 -2.7 -4.5

All items less energy

227.881 228.585 230.987 1.4 1.1

All items less food and energy

231.266 232.015 235.036 1.6 1.3

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is on a November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
 

 

Last Modified Date: Friday, July 15, 2016