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16-1479-SAN
Friday, July 15, 2016

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Consumer Price Index, Honolulu – First Half 2016

Area prices were up 0.6 percent over the past six months, up 2.4 percent from a year ago

Prices in the Honolulu Area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.6 percent in the first half of 2016, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the six-month increase was influenced by higher prices for shelter. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U advanced 2.4 percent.  (See chart 1 and table A.) Energy prices dropped 17.6 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy advanced 3.6 percent over the year. (See table 1.)

Food

Food prices increased 0.8 percent in the first half of 2016. (See table 1.) Food prices away from home advanced 2.1 percent, but food prices at home decreased 0.4 percent for the same period.

Over the year, food prices increased 3.6 percent. Prices for food away from home advanced 5.4  percent, and prices for food at home rose 1.7 percent.

Energy

The energy index fell 11.7 percent since the second half of 2015. The decrease was mainly due to lower prices for gasoline (-14.2 percent). Prices for natural gas service fell 13.0 percent, and prices for electricity declined 9.2 percent for the same period.

Energy prices dropped 17.6 percent over the year, influenced by lower prices for gasoline (-21.6 percent). Prices paid for electricity fell 13.6 percent, and prices for natural gas service dropped 13.4 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 1.4 percent in the latest six-month period. Higher prices for apparel (2.7 percent) and shelter (1.7 percent) were partially offset by lower prices for alcoholic beverages (-1.6 percent).

Over the year, the index for all items less food and energy advanced 3.6 percent. Components contributing to the increase included medical care (9.4 percent), shelter (3.6 percent), and recreation (3.4 percent).

Table A. Honolulu CPI-U semi-annual and annual percent changes (not seasonally adjusted)
Month 2011 2012 2013 2014 2015 2016
Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual

First Half

2.5 3.5 1.3 2.8 1.2 1.8 0.5 1.1 -0.5 0.7 0.6 2.4

Second Half

1.4 4.0 0.7 2.0 0.6 1.7 1.3 1.8 1.8 1.3    

The second half of 2016 Consumer Price Index for the Honolulu is scheduled to be released on mid-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 cities; they only measure the average change in prices for each area since the base period.

The Honolulu metropolitan area covered in this release consists of Oahu County in the State of Hawaii.

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 for semiannual averages and percent changes for selected periods

Honolulu, HI (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

257.848 262.482 264.038 2.4 0.6

All items (1967=100)

709.848 722.606 726.889 - -

Food and beverages

263.610 270.472 272.390 3.3 0.7

Food

264.047 271.238 273.433 3.6 0.8

Food at home

264.135 269.886 268.709 1.7 -0.4

Food away from home

258.797 267.147 272.725 5.4 2.1

Alcoholic beverages

254.712 256.632 252.571 -0.8 -1.6

Housing

274.380 277.714 281.079 2.4 1.2

Shelter

295.504 300.930 306.182 3.6 1.7

Rent of primary residence

293.792 297.479 301.642 2.7 1.4

Owners' equiv. rent of residences (1)

305.094 311.160 317.964 4.2 2.2

Owners' equiv. rent of primary residence (1)

305.094 311.160 317.964 4.2 2.2

Fuels and utilities

334.075 324.495 313.815 -6.1 -3.3

Household energy

273.872 261.209 237.410 -13.3 -9.1

Energy services

269.057 256.515 232.672 -13.5 -9.3

Electricity

266.665 253.870 230.402 -13.6 -9.2

Utility (piped) gas service

267.712 266.469 231.854 -13.4 -13.0

Household furnishings and operations

149.378 148.742 149.881 0.3 0.8

Apparel

109.941 107.845 110.769 0.8 2.7

Transportation

217.288 216.223 210.717 -3.0 -2.5

Private transportation

215.372 209.809 202.217 -6.1 -3.6

Motor fuel

239.388 218.887 187.757 -21.6 -14.2

Gasoline (all types)

245.627 224.543 192.577 -21.6 -14.2

Gasoline, unleaded regular (2)

258.769 235.751 201.570 -22.1 -14.5

Gasoline, unleaded midgrade (2) (3)

198.119 181.706 156.507 -21.0 -13.9

Gasoline, unleaded premium (2)

218.577 201.210 174.319 -20.2 -13.4

Medical care

364.754 392.998 399.192 9.4 1.6

Recreation (4)

120.419 123.261 124.456 3.4 1.0

Education and communication (4)

146.406 149.332 150.105 2.5 0.5

Other goods and services

473.733 483.535 483.778 2.1 0.1
 

Commodity and service group

 
 

All Items

257.848 262.482 264.038 2.4 0.6

Commodities

197.662 197.922 196.818 -0.4 -0.6

Commodities less food & beverages

156.607 153.371 150.579 -3.8 -1.8

Nondurables less food & beverages

192.522 187.258 182.894 -5.0 -2.3

Durables

116.900 115.842 114.801 -1.8 -0.9

Services

310.299 318.437 322.420 3.9 1.3
 

Special aggregate indexes

 
 

All items less medical care

252.166 255.456 256.756 1.8 0.5

All items less shelter

241.690 245.976 245.813 1.7 -0.1

Commodities less food

160.348 157.267 154.436 -3.7 -1.8

Nondurables

229.670 230.541 229.453 -0.1 -0.5

Nondurables less food

196.349 191.521 187.200 -4.7 -2.3

Services less rent of shelter (1)

329.223 341.162 343.120 4.2 0.6

Services less medical care services

304.147 309.935 314.247 3.3 1.4

Energy

253.948 236.872 209.132 -17.6 -11.7

All items less energy

259.668 265.692 269.023 3.6 1.3

All items less food and energy

260.332 266.178 269.809 3.6 1.4

Footnotes
(1) Index is on a December 1982=100 base.
(2) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.
(4) Indexes on a December 1997=100 base.
 

- Data not available.
 

 

Last Modified Date: Friday, July 15, 2016