News Release Information

15-277-KAN
Thursday, February 26, 2015

Contacts

Technical information:
Media contact:
  • (816) 285-7000

Consumer Price Index, Denver-Boulder-Greeley – Second Half 2014

Prices increased 2.7 percent from the second half of 2013 to the second half of 2014

The Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley, Colo., metropolitan area increased 2.7 percent from the second half of 2013 to the second half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that higher costs for shelter (5.1 percent) were largely responsible for the overall increase. Costs for energy were up 0.3 percent, food prices rose 3.3 percent, and the all items less food and energy index advanced 2.9 percent.

 Chart 1. Over-the-year percent change in CPI-U, Denver, second half 2011-second half 2014

Food

Food prices rose 3.3 percent from the second half of 2013 to the second half of 2014, compared to a 0.2-percent gain in the same period one year ago. The index for food at home increased 3.5 percent and costs for food away from home were 3.8 percent higher over the year. Comparatively, from the second half of 2012 to the second half of 2013, prices for food at home were down 0.2 percent while costs for food away from home rose 0.7 percent.

Energy

The energy index, which includes motor fuel and household fuels, increased 0.3 percent from the second half of 2013 to the second half of 2014, following a gain of 3.2 percent in the same period one year ago. Higher prices for electricity (3.8 percent) and utility (piped) gas service (5.8 percent) contributed to the increase. During the same period one year ago, these indexes rose 8.5 and 25.8 percent, respectively. The rise in the energy index was moderated by lower motor fuel costs (-3.1 percent) from the second half of 2013 to the second half of 2014, with all of the decline in motor fuel prices occurring in the most recent six months of the period.

All items less food and energy

The index for all items less food and energy rose 2.9 percent from the second half of 2013 to the second half of 2014. Shelter costs had the greatest upward impact with an increase of 5.1 percent after rising 4.9 percent in the same period one year ago. In contrast, the index for apparel (-4.1 percent) was among the expenditure categories registering lower prices over the year.

The Denver CPI-U stood at 238.664 for the second half of 2014. This means that a market basket of goods and services that cost $100.00 during the 1982-84 base period cost $238.66 during the second half of 2014. Because metropolitan area CPI data are not adjusted for seasonal price variation, consumers and businesses should be cautious in drawing conclusions about long-term retail price trends from short-term changes in the area indexes.

CPI-W

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the Denver-Boulder-Greeley, Colo., metropolitan area for the second half of 2014 was 229.076. The CPI-W increased 2.7 percent from the second half of 2013 to the second half of 2014.

The Consumer Price Index for the First Half of 2015 is scheduled to be released on Wednesday, August 19, 2015.


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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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 4,000 housing units and approximately 26,000 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/homch17_a.htm.

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 areas; they only measure the average change in prices for each area since the base period.

The Denver-Boulder-Greeley, Colo., Metropolitan Statistical Area includes Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson, and Weld Counties in Colorado.

Information in this release will be made available to sensory impaired individuals upon requestVoice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339

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

Denver-Boulder-Greeley, CO (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2014 from-
2nd half
2013
1st half
2014
2nd half
2014
2nd half
2013
1st half
2014

Expenditure category

 
 

All Items

232.439 235.736 238.664 2.7 1.2

All items (1967=100)

775.087 786.082 795.845    

Food and beverages

216.455 220.829 223.174 3.1 1.1

Food

219.356 224.114 226.578 3.3 1.1

Food at home

217.845 223.094 225.387 3.5 1.0

Food away from home

221.361 223.785 229.736 3.8 2.7

Alcoholic beverages

194.005 194.746 195.977 1.0 0.6

Housing

213.466 217.608 223.700 4.8 2.8

Shelter

238.079 243.324 250.116 5.1 2.8

Rent of primary residence (1)

242.387 248.529 256.586 5.9 3.2

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

230.636 235.063 242.477 5.1 3.2

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

230.636 235.063 242.477 5.1 3.2

Fuels and utilities

220.722 226.215 233.732 5.9 3.3

Household energy

168.007 172.396 177.010 5.4 2.7

Energy services (1)

166.512 170.662 175.496 5.4 2.8

Electricity (1)

166.210 168.603 172.524 3.8 2.3

Utility (piped) gas service (1)

172.447 175.904 182.430 5.8 3.7

Household furnishings and operations

119.128 118.479 118.731 -0.3 0.2

Apparel

108.297 103.545 103.888 -4.1 0.3

Transportation

263.350 268.342 260.907 -0.9 -2.8

Private transportation

262.446 265.961 259.152 -1.3 -2.6

Motor fuel

277.422 282.665 268.803 -3.1 -4.9

Gasoline (all types)

275.403 280.378 266.547 -3.2 -4.9

Gasoline, unleaded regular (3)

271.824 276.526 262.312 -3.5 -5.1

Gasoline, unleaded midgrade (3) (4)

260.108 264.464 252.546 -2.9 -4.5

Gasoline, unleaded premium (3)

276.691 283.202 271.542 -1.9 -4.1

Medical Care

497.149   511.545 2.9  

Recreation (5)

146.665 147.096 147.098 0.3 0.0

Education and communication (5)

123.221 123.986 126.711 2.8 2.2

Other goods and services

352.556 350.399 347.705 -1.4 -0.8
 

Commodity and Service Group

 
 

All Items

232.439 235.736 238.664 2.7 1.2

Commodities

174.924 175.779 174.699 -0.1 -0.6

Commodities less food & beverages

153.049 152.114 149.448 -2.4 -1.8

Nondurables less food & beverages

189.611 188.627 185.233 -2.3 -1.8

Durables

115.978 115.440 113.476 -2.2 -1.7

Services

282.210 287.809 294.263 4.3 2.2
 

Special aggregate indexes:

 
 

All items less medical care

220.120 223.253 226.015 2.7 1.2

All items less shelter

230.789 233.158 233.805 1.3 0.3

Commodities less food

154.624 153.735 151.230 -2.2 -1.6

Nondurables

203.664 205.351 204.780 0.5 -0.3

Nondurables less food

189.326 188.393 185.387 -2.1 -1.6

Services less rent of shelter (2)

347.270 353.477 357.814 3.0 1.2

Services less medical care services

264.247 269.693 276.026 4.5 2.3

Energy

216.577 221.507 217.229 0.3 -1.9

All items less energy

234.813 238.136 241.721 2.9 1.5

All items less food and energy

238.204 241.306 245.099 2.9 1.6

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.
 

Table 2. Consumer Price Index for Wage Earners and Clerical Workers (CPI-W): Indexes for semiannual averages and percent changes for selected periods

Denver-Boulder-Greeley, CO (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2014 from-
2nd half
2013
1st half
2014
2nd half
2014
2nd half
2013
1st half
2014

Expenditure category

 
 

All Items

223.133 226.254 229.076 2.7 1.2

All items (1967=100)

742.707 753.093 762.485    

Food and beverages

218.240 222.822 225.152 3.2 1.0

Food

221.290 226.240 228.731 3.4 1.1

Food at home

218.682 224.133 226.858 3.7 1.2

Food away from home

225.252 227.764 233.504 3.7 2.5

Alcoholic beverages

198.860 199.651 200.360 0.8 0.4

Housing

206.962 210.990 217.263 5.0 3.0

Shelter

227.199 232.116 238.947 5.2 2.9

Rent of primary residence (1)

242.387 248.529 256.586 5.9 3.2

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

215.310 219.442 226.363 5.1 3.2

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

215.310 219.442 226.363 5.1 3.2

Fuels and utilities

215.597 220.671 228.105 5.8 3.4

Household energy

166.963 171.097 175.661 5.2 2.7

Energy services (1)

166.987 170.906 175.737 5.2 2.8

Electricity (1)

166.209 168.602 172.523 3.8 2.3

Utility (piped) gas service (1)

172.448 175.905 182.432 5.8 3.7

Household furnishings and operations

123.705 123.327 123.579 -0.1 0.2

Apparel

107.237 102.510 102.960 -4.0 0.4

Transportation

260.314 264.671 258.194 -0.8 -2.4

Private transportation

258.314 261.855 255.904 -0.9 -2.3

Motor fuel

277.538 282.584 268.753 -3.2 -4.9

Gasoline (all types)

275.399 280.374 266.544 -3.2 -4.9

Gasoline, unleaded regular (3)

271.829 276.531 262.317 -3.5 -5.1

Gasoline, unleaded midgrade (3) (4)

260.108 264.464 252.546 -2.9 -4.5

Gasoline, unleaded premium (3)

276.729 283.241 271.580 -1.9 -4.1

Medical Care

499.289   515.270 3.2  

Recreation (5)

127.833 127.978 128.808 0.8 0.6

Education and communication (5)

118.818 119.526 121.620 2.4 1.8

Other goods and services

353.417 351.605 350.249 -0.9 -0.4
 

Commodity and Service Group

 
 

All Items

223.133 226.254 229.076 2.7 1.2

Commodities

179.941 180.299 179.077 -0.5 -0.7

Commodities less food & beverages

156.642 155.627 152.822 -2.4 -1.8

Nondurables less food & beverages

201.763 200.312 195.966 -2.9 -2.2

Durables

111.324 110.908 109.471 -1.7 -1.3

Services

268.099 273.669 280.205 4.5 2.4
 

Special aggregate indexes:

 
 

All items less medical care

212.494 215.473 218.126 2.7 1.2

All items less shelter

224.379 226.624 227.131 1.2 0.2

Commodities less food

157.918 156.930 154.258 -2.3 -1.7

Nondurables

214.337 215.073 214.047 -0.1 -0.5

Nondurables less food

200.871 199.457 195.513 -2.7 -2.0

Services less rent of shelter (2)

312.471 318.846 323.152 3.4 1.4

Services less medical care services

251.025 256.375 262.713 4.7 2.5

Energy

224.381 228.462 223.922 -0.2 -2.0

All items less energy

223.458 226.824 230.414 3.1 1.6

All items less food and energy

224.444 227.502 231.297 3.1 1.7

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 1984=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.
 

 

Last Modified Date: Thursday, February 26, 2015