News Release Information

16-1874-SAN
Friday, September 16, 2016

Contacts

Technical information:
Media contact:
  • (415) 625-2270

Consumer Price Index, Los Angeles area — August 2016

Area prices were unchanged over the past month, up 1.4 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were unchanged in August, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that during this period higher shelter prices helped counter lower gasoline prices. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U rose 1.4 percent. (See chart 1 and table A.) Energy prices dropped 16.5 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 3.3 percent over the year. (See table 1.)

Food

Food prices edged down 0.2 percent for the month of August. (See table 1.) Prices for food at home decreased 0.4 percent, while prices for food away from home were unchanged for the same period.

Over the year, food prices rose 0.7 percent. Prices for food away from home increased 4.0 percent since a year ago, but prices for food at home decreased 1.7 percent.

Energy

The energy index declined 3.5 percent over the month. The decrease was mainly due to lower prices for gasoline (-6.9 percent). Prices for electricity were unchanged in the same period, while prices for natural gas service increased 3.6 percent.

Energy prices dropped 16.5 percent over the year, primarily due to lower prices for gasoline (-27.7 percent). Prices for electricity advanced 2.2 percent, and prices paid for natural gas service increased 8.3 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 0.3 percent in August. Higher prices for apparel (3.5 percent), medical care (0.6 percent), and shelter (0.5 percent) were partially offset by lower prices for household furnishings and operations (-0.9 percent) and recreation (-0.6 percent).

Over the year, the index for all items less food and energy increased 3.3 percent. Components contributing to the increase included medical care (11.0 percent) and shelter (4.8 percent). Partly offsetting the increases were price declines in education and communication (-2.3 percent) and household furnishings and operations (-1.5 percent).

Table A. Los Angeles-Riverside-Orange County CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2011 2012 2013 2014 2015 2016
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.9 1.8 0.8 2.1 0.8 2.0 0.5 0.8 -0.3 -0.1 0.7 3.1

February

0.5 2.3 0.5 2.1 0.7 2.2 0.5 0.5 0.7 0.1 0.0 2.4

March

1.1 3.0 1.0 2.0 0.1 1.3 0.6 1.0 1.0 0.5 0.3 1.7

April

0.5 3.3 0.0 1.5 -0.4 0.9 0.0 1.4 -0.1 0.5 0.2 2.0

May

0.0 3.1 0.1 1.6 0.1 1.0 0.4 1.7 1.0 1.1 0.5 1.5

June

-0.4 2.9 -0.4 1.6 -0.1 1.4 0.1 1.8 -0.3 0.8 0.1 1.8

July

-0.4 2.4 -0.1 1.9 -0.1 1.3 0.1 2.0 0.7 1.4 0.0 1.2

August

0.2 2.4 0.6 2.3 0.1 0.8 -0.1 1.8 -0.3 1.1 0.0 1.4

September

0.5 3.1 0.4 2.2 0.2 0.6 0.0 1.7 -0.4 0.7    

October

0.0 2.8 0.8 3.0 0.1 -0.1 -0.1 1.4 0.2 1.0    

November

-0.1 3.0 -1.0 2.1 -0.5 0.4 -0.7 1.3 0.0 1.6    

December

-0.5 2.2 -0.7 1.9 0.0 1.1 -0.5 0.7 -0.1 2.0    

The September 2016 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released on Tuesday October 18, 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 cities; they only measure the average change in prices for each area since the base period.

The Los Angeles-Riverside-Orange County, CA. metropolitan area covered in this release is comprised of Los Angeles, Orange, Riverside, San Bernardino, and Ventura Counties in the State of California.

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

Los Angeles-Riverside-Orange County, CA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Jun.
2016
Jul.
2016
Aug.
2016
Aug.
2015
Jun.
2016
Jul.
2016

Expenditure category

 
 

All items

249.947 249.936 249.852 1.4 0.0 0.0

All items (1967=100)

738.454 738.422 738.174 - - -

Food and beverages

251.004 251.194 250.820 0.9 -0.1 -0.1

Food

251.154 251.326 250.771 0.7 -0.2 -0.2

Food at home

254.595 254.255 253.217 -1.7 -0.5 -0.4

Food away from home

243.144 243.944 243.992 4.0 0.3 0.0

Alcoholic beverages

233.951 234.378 236.634 3.2 1.1 1.0

Housing

276.626 277.721 278.827 4.0 0.8 0.4

Shelter

315.521 317.028 318.650 4.8 1.0 0.5

Rent of primary residence (1)

329.915 331.727 333.819 4.9 1.2 0.6

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

327.546 329.343 330.789 4.6 1.0 0.4

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

327.527 329.324 330.770 4.6 1.0 0.4

Fuels and utilities

300.817 301.456 303.350 2.7 0.8 0.6

Household energy

261.739 266.117 268.581 3.3 2.6 0.9

Energy services (1)

260.003 264.979 267.472 3.3 2.9 0.9

Electricity (1)

296.613 297.137 297.154 2.2 0.2 0.0

Utility (piped) gas service (1)

220.986 236.801 245.277 8.3 11.0 3.6

Household furnishings and operations

114.955 114.741 113.705 -1.5 -1.1 -0.9

Apparel

109.947 108.518 112.359 0.9 2.2 3.5

Transportation

195.993 194.234 189.529 -8.6 -3.3 -2.4

Private transportation

190.370 189.800 184.964 -8.9 -2.8 -2.5

Motor fuel

223.300 220.516 205.366 -27.6 -8.0 -6.9

Gasoline (all types)

218.530 215.797 200.841 -27.7 -8.1 -6.9

Gasoline, unleaded regular (3)

218.907 216.123 200.955 -28.0 -8.2 -7.0

Gasoline, unleaded midgrade (3) (4)

209.352 207.820 194.039 -27.6 -7.3 -6.6

Gasoline, unleaded premium (3)

208.968 206.368 192.970 -26.3 -7.7 -6.5

Medical care

468.661 468.604 471.505 11.0 0.6 0.6

Recreation (5)

106.631 106.964 106.315 2.8 -0.3 -0.6

Education and communication (5)

145.366 143.580 143.228 -2.3 -1.5 -0.2

Other goods and services

386.699 390.008 392.387 1.7 1.5 0.6
 

Commodity and service group

 
 

All items

249.947 249.936 249.852 1.4 0.0 0.0

Commodities

174.677 174.221 172.983 -3.6 -1.0 -0.7

Commodities less food & beverages

134.689 133.993 132.467 -7.0 -1.6 -1.1

Nondurables less food & beverages

175.862 174.586 172.384 -8.6 -2.0 -1.3

Durables

94.331 94.207 93.346 -4.3 -1.0 -0.9

Services

316.920 317.310 318.261 4.3 0.4 0.3
 

Special aggregate indexes

 
 

All items less medical care

240.514 240.505 240.307 0.8 -0.1 -0.1

All items less shelter

221.364 220.661 219.797 -0.6 -0.7 -0.4

Commodities less food

138.979 138.304 136.858 -6.5 -1.5 -1.0

Nondurables

214.374 213.744 212.335 -3.5 -1.0 -0.7

Nondurables less food

181.421 180.214 178.209 -7.7 -1.8 -1.1

Services less rent of shelter (2)

327.996 326.745 326.724 3.6 -0.4 0.0

Services less medical care services

304.460 304.893 305.702 3.8 0.4 0.3

Energy

238.883 238.837 230.391 -16.5 -3.6 -3.5

All items less energy

252.679 252.671 253.217 2.9 0.2 0.2

All items less food and energy

253.273 253.235 253.968 3.3 0.3 0.3

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 December 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.
 

- Data not available
NOTE: Index applies to a month as a whole, not to any specific date.
 

 

Last Modified Date: Friday, September 16, 2016