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15-2365-CHI
Tuesday, December 15, 2015

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Consumer Price Index, Cleveland-Akron-Lorain — November 2015

Local prices down 0.4 percent over the year

The Cleveland-Akron, Ohio, Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.5 percent from September to November, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy costs declined 2.8 percent and food prices were 0.6 percent lower over the bi-monthly period. The index for all items less food and energy was down 0.3 percent. Within this last category, costs were lower for apparel and shelter over the two-month period. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the past 12 months the Cleveland area all items CPI-U declined 0.4 percent. (See chart 1 and table A.) The energy index fell 16.0 percent from its November 2014 level due to decreases in gasoline prices and utility (piped) gas service costs over the year. The index for all items less food and energy rose 1.1 percent over the past 12 months. (See table 1.)

 Chart 1.  Over-the-year percent change in CPI-U, Cleveland, November 2012-November 2015

 

Food

Food prices were down 0.6 percent from September to November following a 0.1-percent increase over the previous bi-monthly period. Between the food index’s two components, prices for food at home (groceries) decreased 1.2 percent while prices for food away from home (restaurant, cafeteria, and vending purchases) rose 0.2 percent over the recent two-month period.

Over the year, overall food prices were 1.1 percent higher. Prices for food away from home rose 1.7 percent and food at home prices were up 0.7 percent.

Energy

The energy index decreased 2.8 percent from September to November following a 10.9-percent decline over the previous bi-monthly period. In the recent period, declining prices for gasoline (-4.1 percent) and utility (piped) gas service (-6.4 percent) contributed to the fall in the overall energy index. Electricity prices were 0.8 percent higher.

Over the year, the energy index fell 16.0 percent due to decreases in gasoline prices (-23.7 percent) and utility (piped) gas service costs (-27.7 percent). Electricity costs rose 5.6 percent from their November 2014 level.

All items less food and energy

The index for all items less food and energy declined 0.3 percent from September to November. Among the index’s components, prices were lower for apparel (-6.1 percent), lodging away from home, and recreation (-0.9 percent).

Over the year, the index for all items less food and energy rose 1.1 percent. Increases in the indexes for shelter (1.4 percent) and medical care (2.1 percent) were major contributing factors. In contrast, apparel prices were down 7.3 percent over the past 12 months.

 

Table A. Cleveland CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

January

0.7 2.2 0.4 2.1 0.2 1.5 0.3 1.1 -0.7 0.5

March

0.9 2.8 1.3 2.6 0.9 1.0 1.6 1.9 0.9 -0.2

May

1.3 4.0 -0.1 1.1 0.4 1.5 0.2 1.7 0.4 -0.1

July

-0.2 3.8 0.0 1.4 0.7 2.2 0.5 1.4 0.9 0.4

September

0.6 3.7 1.0 1.8 -0.4 0.7 -0.5 1.3 -1.4 -0.4

November

-0.8 2.5 -1.0 1.6 -0.7 1.0 -0.6 1.5 -0.5 -0.4

The January 2016 Consumer Price Index for Cleveland is scheduled to be released on Friday, February 19, 2016.


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 Cleveland-Akron, Ohio consolidated area covered in this release is comprised of Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Medina, Portage, and Summit 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 and percent changes for selected periods

Cleveland-Akron, OH (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Sep.
2015
Oct.
2015
Nov.
2015
Nov.
2014
Sep.
2015
Oct.
2015

Expenditure category

 
 

All items

220.304 - 219.126 -0.4 -0.5 -

All items (1967=100)

705.958 - 702.184 - - -

Food and beverages

251.224 - 249.862 1.1 -0.5 -

Food

256.584 - 254.979 1.1 -0.6 -

Food at home

249.284 245.959 246.265 0.7 -1.2 0.1

Food away from home

270.886 - 271.436 1.7 0.2 -

Alcoholic beverages

191.165 - 192.647 1.7 0.8 -

Housing

202.895 - 201.833 0.5 -0.5 -

Shelter

235.414 235.849 233.951 1.4 -0.6 -0.8

Rent of primary residence (1)

234.291 234.533 234.715 2.2 0.2 0.1

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

229.224 228.793 229.165 1.0 0.0 0.2

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

229.224 228.793 229.165 1.0 0.0 0.2

Fuels and utilities

187.969 - 185.713 -4.9 -1.2 -

Household energy

153.503 153.334 151.057 -8.3 -1.6 -1.5

Energy services (1)

152.233 152.034 149.734 -8.0 -1.6 -1.5

Electricity (1)

170.195 172.966 171.511 5.6 0.8 -0.8

Utility (piped) gas service (1)

112.540 108.500 105.350 -27.7 -6.4 -2.9

Household furnishings and operations

118.137 - 119.371 1.3 1.0 -

Apparel

138.643 - 130.223 -7.3 -6.1 -

Transportation

195.978 - 195.473 -4.9 -0.3 -

Private transportation

197.238 - 195.971 -4.8 -0.6 -

Motor fuel

234.863 243.708 225.187 -23.8 -4.1 -7.6

Gasoline (all types)

232.268 241.017 222.690 -23.7 -4.1 -7.6

Gasoline, unleaded regular (3)

220.825 228.861 210.355 -25.4 -4.7 -8.1

Gasoline, unleaded midgrade (3) (4)

246.191 256.633 239.877 -20.5 -2.6 -6.5

Gasoline, unleaded premium (3)

246.172 255.830 240.780 -16.8 -2.2 -5.9

Medical care

408.099 - 409.585 2.1 0.4 -

Recreation (5)

117.788 - 116.747 0.4 -0.9 -

Education and communication (5)

126.044 - 126.911 0.9 0.7 -

Other goods and services

411.980 - 416.681 3.4 1.1 -
 

Commodity and service group

 
 

All items

220.304 - 219.126 -0.4 -0.5 -

Commodities

189.836 - 188.084 -2.6 -0.9 -

Commodities less food & beverages

158.617 - 156.766 -4.9 -1.2 -

Nondurables less food & beverages

203.048 - 199.115 -8.7 -1.9 -

Durables

110.309 - 110.152 0.5 -0.1 -

Services

251.492 - 250.806 1.2 -0.3 -
 

Special aggregate indexes

 
 

All items less medical care

211.682 - 210.392 -0.6 -0.6 -

All items less shelter

216.242 - 215.171 -1.2 -0.5 -

Commodities less food

159.962 - 158.210 -4.7 -1.1 -

Nondurables

227.721 - 224.991 -3.7 -1.2 -

Nondurables less food

201.993 - 198.424 -8.1 -1.8 -

Services less rent of shelter (2)

274.204 - 274.487 0.9 0.1 -

Services less medical care services

239.391 - 238.685 0.8 -0.3 -

Energy

185.018 188.132 179.907 -16.0 -2.8 -4.4

All items less energy

225.753 - 224.947 1.1 -0.4 -

All items less food and energy

220.492 - 219.817 1.1 -0.3 -

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 December 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.
Note: Index applies to a month as a whole, not to any specific date.
 

 

Last Modified Date: Tuesday, December 15, 2015