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16-1319-KAN
Friday, July 15, 2016

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Consumer Price Index, Denver-Boulder-Greeley – First Half 2016

Prices increased 3.0 percent from the first half of 2015 to the first half of 2016

The Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley, Colo., metropolitan area increased 3.0 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 Stanley W. Suchman noted that higher costs for shelter (7.6 percent) were largely responsible for the overall increase. Costs for energy fell 10.4 percent and food prices were virtually unchanged. The all items less food and energy index, which includes shelter, advanced 4.5 percent.

 

Food

Food prices were nearly unchanged (0.1 percent) from the first half of 2015 to the first half of 2016, compared to a 1.5-percent gain in the same period one year ago. Prices for food at home declined 0.6 percent while costs for food away from home rose 1.0 percent over the year. Comparatively, these indexes rose 0.9 and 2.9 percent, respectively, from the first half of 2014 to the first half of 2015.

Energy

The energy index, which includes motor fuel and household fuels, decreased 10.4 percent from the first half of 2015 to the first half of 2016, following a decline of 21.7 percent in the same period one year ago. Falling prices for motor fuel (-13.9 percent), all of which occurred in the most recent half of the period, were largely responsible for the decline in the energy component. Lower prices for utility (piped) gas service (-11.1 percent) and electricity (-3.4 percent) also contributed to the decrease. During the same period one year ago, motor fuel prices declined 32.4 percent and costs for utility (piped) gas service and electricity were down 10.8 and 1.8 percent, respectively.

All items less food and energy

The index for all items less food and energy rose 4.5 percent from the first half of 2015 to the first half of 2016. Shelter costs had the greatest upward impact on the index and continued their pattern of accelerating rates of increase with a gain of 7.6 percent after rising 5.5 percent in the same period one year ago. This was the largest annual increase recorded since the 1980s. Other expenditure categories that registered higher prices over the year included recreation (3.4 percent), apparel (4.4 percent), and medical care (1.7 percent).

The Denver CPI-U stood at 245.191 for the first half of 2016. This means that a market basket of goods and services that cost $100.00 in the 1982-84 base period cost $245.19 in the first half of 2016. 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 first half of 2016 was 234.248. The CPI-W increased 2.7 percent from the first half of 2015 to the first half of 2016.

The Consumer Price Index for the Second Half of 2016 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/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: (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
1st half 2016 from-
1st half
2015
2nd half
2015
1st half
2016
1st half
2015
2nd half
2015

Expenditure category

 
 

All Items

238.086 241.895 245.191 3.0 1.4

All items (1967=100)

793.916 806.620 817.610    

Food and beverages

223.736 223.370 224.530 0.4 0.5

Food

227.437 226.652 227.741 0.1 0.5

Food at home

225.198 222.298 223.946 -0.6 0.7

Food away from home

230.357 232.402 232.749 1.0 0.1

Alcoholic beverages

193.601 197.387 199.326 3.0 1.0

Housing

227.027 232.114 240.077 5.7 3.4

Shelter

256.699 264.699 276.332 7.6 4.4

Rent of primary residence (1)

263.978 275.147 286.285 8.5 4.0

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

249.324 257.646 269.430 8.1 4.6

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

249.324 257.646 269.430 8.1 4.6

Fuels and utilities

224.182 221.903 217.851 -2.8 -1.8

Household energy

163.302 160.921 152.934 -6.3 -5.0

Energy services (1)

161.987 160.042 151.995 -6.2 -5.0

Electricity (1)

165.588 167.545 159.892 -3.4 -4.6

Utility (piped) gas service (1)

156.912 147.891 139.428 -11.1 -5.7

Household furnishings and operations

116.980 114.043 113.338 -3.1 -0.6

Apparel

101.779 104.577 106.257 4.4 1.6

Transportation

239.740 242.150 235.174 -1.9 -2.9

Private transportation

234.482 236.896 227.926 -2.8 -3.8

Motor fuel

191.159 198.994 164.514 -13.9 -17.3

Gasoline (all types)

189.438 197.606 163.465 -13.7 -17.3

Gasoline, unleaded regular (3)

185.042 192.417 157.649 -14.8 -18.1

Gasoline, unleaded midgrade (3) (4)

184.452 193.115 165.068 -10.5 -14.5

Gasoline, unleaded premium (3)

200.148 212.432 184.129 -8.0 -13.3

Medical Care

523.475 532.965 532.513 1.7 -0.1

Recreation (5)

150.109 154.526 155.196 3.4 0.4

Education and communication (5)

125.479 126.824 126.914 1.1 0.1

Other goods and services

353.874 355.056 357.784 1.1 0.8
 

Commodity and Service Group

 
 

All Items

238.086 241.895 245.191 3.0 1.4

Commodities

168.205 168.810 166.683 -0.9 -1.3

Commodities less food & beverages

139.787 140.834 137.173 -1.9 -2.6

Nondurables less food & beverages

166.570 169.035 160.177 -3.8 -5.2

Durables

112.378 112.089 113.324 0.8 1.1

Services

298.921 305.548 313.759 5.0 2.7
 

Special aggregate indexes:

 
 

All items less medical care

224.936 228.494 231.897 3.1 1.5

All items less shelter

229.694 231.356 230.473 0.3 -0.4

Commodities less food

141.870 143.028 139.615 -1.6 -2.4

Nondurables

195.445 196.532 192.590 -1.5 -2.0

Nondurables less food

168.089 170.651 162.734 -3.2 -4.6

Services less rent of shelter (2)

359.477 363.403 365.129 1.6 0.5

Services less medical care services

280.183 286.669 295.219 5.4 3.0

Energy

173.338 175.870 155.388 -10.4 -11.6

All items less energy

245.099 249.043 254.500 3.8 2.2

All items less food and energy

248.932 253.722 260.025 4.5 2.5

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
1st half 2016 from-
1st half
2015
2nd half
2015
1st half
2016
1st half
2015
2nd half
2015

Expenditure category

 
 

All Items

228.062 231.675 234.248 2.7 1.1

All items (1967=100)

759.109 771.137 779.702    

Food and beverages

225.857 225.373 226.124 0.1 0.3

Food

229.713 228.795 229.441 -0.1 0.3

Food at home

226.747 224.207 225.051 -0.7 0.4

Food away from home

234.344 236.213 236.510 0.9 0.1

Alcoholic beverages

198.053 202.338 204.451 3.2 1.0

Housing

220.659 226.204 233.873 6.0 3.4

Shelter

245.452 253.582 264.809 7.9 4.4

Rent of primary residence (1)

263.978 275.147 286.285 8.5 4.0

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

232.756 240.525 251.526 8.1 4.6

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

232.756 240.525 251.526 8.1 4.6

Fuels and utilities

218.298 216.056 211.457 -3.1 -2.1

Household energy

162.113 159.779 151.778 -6.4 -5.0

Energy services (1)

162.273 160.363 152.252 -6.2 -5.1

Electricity (1)

165.588 167.545 159.892 -3.4 -4.6

Utility (piped) gas service (1)

156.913 147.892 139.430 -11.1 -5.7

Household furnishings and operations

122.311 120.165 119.453 -2.3 -0.6

Apparel

103.568 105.843 105.544 1.9 -0.3

Transportation

237.593 240.115 233.772 -1.6 -2.6

Private transportation

233.395 235.939 228.587 -2.1 -3.1

Motor fuel

191.164 198.859 164.725 -13.8 -17.2

Gasoline (all types)

189.435 197.604 163.463 -13.7 -17.3

Gasoline, unleaded regular (3)

185.046 192.420 157.652 -14.8 -18.1

Gasoline, unleaded midgrade (3) (4)

184.452 193.115 165.068 -10.5 -14.5

Gasoline, unleaded premium (3)

200.176 212.461 184.154 -8.0 -13.3

Medical Care

528.232 538.375 536.704 1.6 -0.3

Recreation (5)

131.437 133.531 133.633 1.7 0.1

Education and communication (5)

120.030 120.542 120.633 0.5 0.1

Other goods and services

355.562 358.240 360.636 1.4 0.7
 

Commodity and Service Group

 
 

All Items

228.062 231.675 234.248 2.7 1.1

Commodities

171.958 172.768 169.564 -1.4 -1.9

Commodities less food & beverages

142.398 143.769 139.011 -2.4 -3.3

Nondurables less food & beverages

173.559 176.936 165.352 -4.7 -6.5

Durables

109.328 109.004 109.859 0.5 0.8

Services

284.683 290.921 298.989 5.0 2.8
 

Special aggregate indexes:

 
 

All items less medical care

216.676 220.056 222.695 2.8 1.2

All items less shelter

222.286 223.574 221.947 -0.2 -0.7

Commodities less food

144.142 145.615 141.136 -2.1 -3.1

Nondurables

202.865 204.355 198.723 -2.0 -2.8

Nondurables less food

174.686 178.118 167.683 -4.0 -5.9

Services less rent of shelter (2)

324.030 326.272 328.328 1.3 0.6

Services less medical care services

266.698 272.741 280.954 5.3 3.0

Energy

178.354 180.985 159.818 -10.4 -11.7

All items less energy

234.073 237.802 242.845 3.7 2.1

All items less food and energy

235.439 240.002 246.030 4.5 2.5

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: Friday, July 15, 2016