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Thursday, April 14, 2016

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Consumer Price Index, Dallas-Fort Worth — March 2016

Area prices rise 0.8 percent in February and March; up 0.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth rose 0.8 percent in February and March, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that the advance was led by increases in the indexes for all items less food and energy (0.9 percent) and energy (1.1 percent). In contrast, food prices declined 0.3 percent during the period. (Data in this report are not seasonally adjusted. Accordingly, bimonthly changes may reflect the impact of seasonal influences.)

During the year ended in March 2016, the all items CPI-U rose 0.6 percent. (See chart 1 and table 1.) The index for all items less food and energy increased 2.1 percent during the latest period.

Food

Food prices fell 0.3 percent in February and March, after declining 0.5 percent in the previous two-month period. Among the two components of the index, prices for food at home (grocery store prices) decreased 0.5 percent while prices for food away from home were unchanged.

From March 2015 to March 2016, food prices rose 0.3 percent, reflecting the combined effects of a 2.1-percent price rise for food away from home and a 1.2-percent price decline for food at home.

Energy

The energy index rose 1.1 percent in February and March, the first bimonthly increase in this index since June and July 2015. The current increase was the result of a 7.9-percent rise in motor fuel costs. Partially offsetting the motor fuel advance were lower household energy costs, as prices for natural gas and electricity decreased 4.3 and 4.1 percent, respectively.

Despite the bimonthly rise, the energy index registered a 13.1-percent decrease during the year ended in March 2016. The biggest contributor to the decline was a 16.8-percent drop in motor fuel prices, though a 12.0-percent decrease in electricity costs also contributed. Countering a portion of these declines, natural gas prices increased 10.0 percent during the previous 12 months. This was the first over-the-year advance in natural gas prices since the year ended in January 2015.

All items less food and energy

The index for all items less food and energy rose 0.9 percent in February and March, after increasing 0.7 percent in December and January. The advance was broad-based, but led by higher prices for apparel and education and communication, up 9.8 and 2.1 percent, respectively. Smaller rates of increase were registered for several major categories, including recreation (1.1 percent), medical care (0.6 percent), other goods and services (0.6 percent), and shelter (0.4 percent).

From March 2015 to March 2016, the index for all items less food and energy advanced 2.1 percent. The biggest factor in the annual rise was a 3.8-percent rise in shelter costs. Other large contributors to the annual increase included medical care (4.8 percent) and education and communication (3.8 percent). Countering a portion of these advances, annual declines were registered for apparel (-6.0 percent) and recreation (-0.9 percent).

The May 2016 Consumer Price Index for All Items for Dallas-Fort Worth is scheduled to be released Thursday, June 16, 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 Dallas-Fort Worth, Texas, Consolidated Metropolitan Statistical Area (CMSA) includes Collin, Dallas, Denton, Ellis, Henderson, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, and Tarrant Counties.

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,
Dallas-Fort Worth, TX (1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from -
 
Jan.
2016
Feb.
2016
Mar.
2016
Mar.
2015
Jan.
2016
Feb.
2016

All items

217.164 - 218.877 0.6 0.8 -

All items (1967 = 100)

681.232 - 686.605      

Food and beverages

250.567 - 249.669 0.2 -0.4 -

Food

245.023 - 244.392 0.3 -0.3 -

Food at home

218.848 220.145 217.788 -1.2 -0.5 -1.1

Food away from home

285.730 - 285.666 2.1 0.0 -

Alcoholic beverages

323.050 - 318.366 -2.6 -1.4 -

Housing

201.464 - 201.544 2.0 0.0 -

Shelter

219.360 219.343 220.225 3.8 0.4 0.4

Rent of primary residence (1)

230.106 230.432 231.213 5.0 0.5 0.3

Owners' equivalent rent of residences (1) (2)

234.329 235.486 236.609 4.4 1.0 0.5

Owners' equivalent rent of primary residence (1) (2)

234.329 235.486 236.609 4.4 1.0 0.5

Fuels and utilities

216.447 - 210.681 -6.0 -2.7 -

Household energy

199.441 198.252 191.256 -9.7 -4.1 -3.5

Energy services (1) (3)

196.294 195.115 188.194 -9.7 -4.1 -3.5

Electricity (1)

191.214 191.214 183.367 -12.0 -4.1 -4.1

Utility (piped) gas service (1)

175.655 168.710 168.189 10.0 -4.3 -0.3

Household furnishings and operations

125.373 - 126.194 -0.1 0.7 -

Apparel

102.407 - 112.400 -6.0 9.8 -

Transportation

190.804 - 193.954 -3.5 1.7 -

Private transportation

192.431 - 195.614 -3.5 1.7 -

Motor fuel

160.579 147.890 173.335 -16.8 7.9 17.2

Gasoline (all types)

159.680 147.005 172.632 -16.5 8.1 17.4

Gasoline, unleaded regular (4)

152.097 139.580 165.540 -17.7 8.8 18.6

Gasoline, unleaded midgrade (4) (5)

172.710 159.690 183.801 -14.5 6.4 15.1

Gasoline, unleaded premium (4)

179.617 167.677 189.970 -11.9 5.8 13.3

Medical care

428.476 - 431.261 4.8 0.6 -

Recreation (6)

109.561 - 110.811 -0.9 1.1 -

Education and communication (6)

139.350 - 142.248 3.8 2.1 -

Other goods and services

384.990 - 387.268 1.7 0.6 -
 

Commodity and service group

 

Commodities

168.111 - 170.848 -2.9 1.6 -

Commodities less food and beverages

131.894 - 135.662 -4.9 2.9 -

Nondurables less food and beverages

152.905 - 161.147 -5.8 5.4 -

Durables

112.801 - 113.131 -3.5 0.3 -

Services

265.124 - 265.868 3.0 0.3 -
 

Special aggregate indexes

 

All items less shelter

216.914 - 219.040 -0.8 1.0 -

All items less medical care

206.943 - 208.602 0.3 0.8 -

Commodities less food

136.711 - 140.324 -4.8 2.6 -

Nondurables

196.888 - 201.257 -2.7 2.2 -

Nondurables less food

160.788 - 168.420 -5.6 4.7 -

Services less rent of shelter (2)

330.647 - 330.962 2.1 0.1 -

Services less medical care services

248.732 - 249.771 2.9 0.4 -

Energy

181.945 175.140 183.913 -13.1 1.1 5.0

All items less energy

224.102 - 225.823 1.8 0.8 -

All items less food and energy

220.677 - 222.744 2.1 0.9 -

(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Indexes on a December 1982=100 base.
(3) Prior to January 2011 this series was titled Gas (piped) and electricity.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) Indexes on a December 1997=100 base.

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

 

Last Modified Date: Thursday, April 14, 2016