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16-100-KAN
Wednesday, January 20, 2016

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Consumer Price Index, Denver-Boulder-Greeley – Second Half 2015

Prices increased 1.4 percent from the second half of 2014 to the second half of 2015

The Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley, Colo., metropolitan area increased 1.4 percent from the second half of 2014 to the second half of 2015, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that higher costs for shelter (5.8 percent) were largely responsible for the overall increase. Costs for energy fell 19.0 percent, food prices were unchanged, and the all items less food and energy index advanced 3.5 percent.

 Chart 1. Over-the-year percent change in CPI-U, Denver, second half 2012-second half 2015

Food

Food prices were unchanged from the second half of 2014 to the second half of 2015, compared to a 3.3-percent gain in the same period one year ago. Prices for food at home declined 1.4 percent while costs for food away from home rose 1.2 percent over the year. Comparatively, these indexes rose 3.5 and 3.8 percent, respectively, from the second half of 2013 to the second half of 2014.

Energy

The energy index, which includes motor fuel and household fuels, decreased 19.0 percent from the second half of 2014 to the second half of 2015, following an increase of 0.3 percent in the same period one year ago. Falling prices for motor fuel (-26.0 percent), all of which occurred in the first half of the period, were largely responsible for the decline in the energy component. Lower prices for utility (piped) gas service (-18.9 percent) and electricity (-2.9 percent) also contributed to the decrease. During the same period one year ago, motor fuel costs declined 3.1 percent, while the indexes for utility (piped) gas service and electricity rose 5.8 and 3.8 percent, respectively.

All items less food and energy

The index for all items less food and energy rose 3.5 percent from the second half of 2014 to the second half of 2015. Shelter costs had the greatest upward impact with an increase of 5.8 percent after rising 5.1 percent in the same period one year ago. Other expenditure categories that registered higher prices over the year included medical care (4.2 percent) and recreation (5.0 percent).

The Denver CPI-U stood at 241.895 for the second half of 2015. This means that a market basket of goods and services that cost $100.00 in the 1982-84 base period cost $241.90 in the second half of 2015. 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 2015 was 231.675. The CPI-W increased 1.1 percent from the second half of 2014 to the second half of 2015.

The Consumer Price Index for the First Half of 2016 is scheduled to be released on July 15, 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/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 2015 from-
2nd half
2014
1st half
2015
2nd half
2015
2nd half
2014
1st half
2015

Expenditure category

 
 

All Items

238.664 238.086 241.895 1.4 1.6

All items (1967=100)

795.845 793.916 806.620    

Food and beverages

223.174 223.736 223.370 0.1 -0.2

Food

226.578 227.437 226.652 0.0 -0.3

Food at home

225.387 225.198 222.298 -1.4 -1.3

Food away from home

229.736 230.357 232.402 1.2 0.9

Alcoholic beverages

195.977 193.601 197.387 0.7 2.0

Housing

223.700 227.027 232.114 3.8 2.2

Shelter

250.116 256.699 264.699 5.8 3.1

Rent of primary residence (1)

256.586 263.978 275.147 7.2 4.2

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

242.477 249.324 257.646 6.3 3.3

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

242.477 249.324 257.646 6.3 3.3

Fuels and utilities

233.732 224.182 221.903 -5.1 -1.0

Household energy

177.010 163.302 160.921 -9.1 -1.5

Energy services (1)

175.496 161.987 160.042 -8.8 -1.2

Electricity (1)

172.524 165.588 167.545 -2.9 1.2

Utility (piped) gas service (1)

182.430 156.912 147.891 -18.9 -5.7

Household furnishings and operations

118.731 116.980 114.043 -3.9 -2.5

Apparel

103.888 101.779 104.577 0.7 2.7

Transportation

260.907 239.740 242.150 -7.2 1.0

Private transportation

259.152 234.482 236.896 -8.6 1.0

Motor fuel

268.803 191.159 198.994 -26.0 4.1

Gasoline (all types)

266.547 189.438 197.606 -25.9 4.3

Gasoline, unleaded regular (3)

262.312 185.042 192.417 -26.6 4.0

Gasoline, unleaded midgrade (3) (4)

252.546 184.452 193.115 -23.5 4.7

Gasoline, unleaded premium (3)

271.542 200.148 212.432 -21.8 6.1

Medical Care

511.545 523.475 532.965 4.2 1.8

Recreation (5)

147.098 150.109 154.526 5.0 2.9

Education and communication (5)

126.711 125.479 126.824 0.1 1.1

Other goods and services

347.705 353.874 355.056 2.1 0.3
 

Commodity and Service Group

 
 

All Items

238.664 238.086 241.895 1.4 1.6

Commodities

174.699 168.205 168.810 -3.4 0.4

Commodities less food & beverages

149.448 139.787 140.834 -5.8 0.7

Nondurables less food & beverages

185.233 166.570 169.035 -8.7 1.5

Durables

113.476 112.378 112.089 -1.2 -0.3

Services

294.263 298.921 305.548 3.8 2.2
 

Special aggregate indexes:

 
 

All items less medical care

226.015 224.936 228.494 1.1 1.6

All items less shelter

233.805 229.694 231.356 -1.0 0.7

Commodities less food

151.230 141.870 143.028 -5.4 0.8

Nondurables

204.780 195.445 196.532 -4.0 0.6

Nondurables less food

185.387 168.089 170.651 -7.9 1.5

Services less rent of shelter (2)

357.814 359.477 363.403 1.6 1.1

Services less medical care services

276.026 280.183 286.669 3.9 2.3

Energy

217.229 173.338 175.870 -19.0 1.5

All items less energy

241.721 245.099 249.043 3.0 1.6

All items less food and energy

245.099 248.932 253.722 3.5 1.9

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 2015 from-
2nd half
2014
1st half
2015
2nd half
2015
2nd half
2014
1st half
2015

Expenditure category

 
 

All Items

229.076 228.062 231.675 1.1 1.6

All items (1967=100)

762.485 759.109 771.137    

Food and beverages

225.152 225.857 225.373 0.1 -0.2

Food

228.731 229.713 228.795 0.0 -0.4

Food at home

226.858 226.747 224.207 -1.2 -1.1

Food away from home

233.504 234.344 236.213 1.2 0.8

Alcoholic beverages

200.360 198.053 202.338 1.0 2.2

Housing

217.263 220.659 226.204 4.1 2.5

Shelter

238.947 245.452 253.582 6.1 3.3

Rent of primary residence (1)

256.586 263.978 275.147 7.2 4.2

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

226.363 232.756 240.525 6.3 3.3

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

226.363 232.756 240.525 6.3 3.3

Fuels and utilities

228.105 218.298 216.056 -5.3 -1.0

Household energy

175.661 162.113 159.779 -9.0 -1.4

Energy services (1)

175.737 162.273 160.363 -8.7 -1.2

Electricity (1)

172.523 165.588 167.545 -2.9 1.2

Utility (piped) gas service (1)

182.432 156.913 147.892 -18.9 -5.7

Household furnishings and operations

123.579 122.311 120.165 -2.8 -1.8

Apparel

102.960 103.568 105.843 2.8 2.2

Transportation

258.194 237.593 240.115 -7.0 1.1

Private transportation

255.904 233.395 235.939 -7.8 1.1

Motor fuel

268.753 191.164 198.859 -26.0 4.0

Gasoline (all types)

266.544 189.435 197.604 -25.9 4.3

Gasoline, unleaded regular (3)

262.317 185.046 192.420 -26.6 4.0

Gasoline, unleaded midgrade (3) (4)

252.546 184.452 193.115 -23.5 4.7

Gasoline, unleaded premium (3)

271.580 200.176 212.461 -21.8 6.1

Medical Care

515.270 528.232 538.375 4.5 1.9

Recreation (5)

128.808 131.437 133.531 3.7 1.6

Education and communication (5)

121.620 120.030 120.542 -0.9 0.4

Other goods and services

350.249 355.562 358.240 2.3 0.8
 

Commodity and Service Group

 
 

All Items

229.076 228.062 231.675 1.1 1.6

Commodities

179.077 171.958 172.768 -3.5 0.5

Commodities less food & beverages

152.822 142.398 143.769 -5.9 1.0

Nondurables less food & beverages

195.966 173.559 176.936 -9.7 1.9

Durables

109.471 109.328 109.004 -0.4 -0.3

Services

280.205 284.683 290.921 3.8 2.2
 

Special aggregate indexes:

 
 

All items less medical care

218.126 216.676 220.056 0.9 1.6

All items less shelter

227.131 222.286 223.574 -1.6 0.6

Commodities less food

154.258 144.142 145.615 -5.6 1.0

Nondurables

214.047 202.865 204.355 -4.5 0.7

Nondurables less food

195.513 174.686 178.118 -8.9 2.0

Services less rent of shelter (2)

323.152 324.030 326.272 1.0 0.7

Services less medical care services

262.713 266.698 272.741 3.8 2.3

Energy

223.922 178.354 180.985 -19.2 1.5

All items less energy

230.414 234.073 237.802 3.2 1.6

All items less food and energy

231.297 235.439 240.002 3.8 1.9

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: Wednesday, January 20, 2016