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16-1474-SAN
Friday, July 15, 2016

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Consumer Price Index, Los Angeles area — June 2016

Area prices were up 0.1 percent over the past month, up 1.8 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), inched up 0.1 percent in June, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the June increase was influenced by higher prices for shelter, gasoline, and medical care. (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 1.8 percent. (See chart 1 and table A.) Energy prices fell 12.6 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 up 0.2 percent for the month of June. (See table 1.) Prices for food at home increased 0.3 percent, while prices for food away from home edged up 0.1 percent for the same period.

Over the year, food prices rose 1.4 percent. Prices for food away from home increased 4.0 percent, but prices for food at home declined 0.5 percent since a year ago.

Energy

The energy index advanced 1.5 percent over the month. The increase was mainly due to higher prices for gasoline (2.5 percent). Prices for natural gas service advanced 0.5 percent, but prices for electricity decreased 0.6 percent for the same period.

Energy prices fell 12.6 percent over the year, largely due to lower prices for gasoline (-20.4 percent). Prices for natural gas service decreased 1.3 percent, but prices paid for electricity increased 2.0 percent during the past year.

All items less food and energy

The index for all items less food and energy was unchanged in June. Higher prices for medical care (1.3 percent) and shelter (0.3 percent) were partially offset by lower prices for apparel (-2.9 percent), other goods and services (-1.1 percent), and recreation (-0.8 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 (4.3 percent). Partly offsetting the increases were price declines in household furnishings and operations (-0.7 percent) and education and communication (-0.5 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    

August

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

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 July 2016 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released on August 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/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-
Apr.
2016
May
2016
Jun.
2016
Jun.
2015
Apr.
2016
May
2016

Expenditure category

 
 

All items

248.368 249.671 249.947 1.8 0.6 0.1

All items (1967=100)

733.789 737.638 738.454 - - -

Food and beverages

251.897 250.510 251.004 1.4 -0.4 0.2

Food

251.963 250.598 251.154 1.4 -0.3 0.2

Food at home

256.657 253.763 254.595 -0.5 -0.8 0.3

Food away from home

242.399 242.937 243.144 4.0 0.3 0.1

Alcoholic beverages

235.990 234.374 233.951 1.4 -0.9 -0.2

Housing

274.434 276.055 276.626 3.7 0.8 0.2

Shelter

312.811 314.443 315.521 4.3 0.9 0.3

Rent of primary residence (1)

327.656 328.735 329.915 4.5 0.7 0.4

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

324.669 326.200 327.546 4.2 0.9 0.4

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

324.650 326.181 327.527 4.2 0.9 0.4

Fuels and utilities

295.939 300.793 300.817 2.5 1.6 0.0

Household energy

255.231 261.547 261.739 0.9 2.5 0.1

Energy services (1)

253.993 260.877 260.003 0.7 2.4 -0.3

Electricity (1)

298.355 298.389 296.613 2.0 -0.6 -0.6

Utility (piped) gas service (1)

196.540 219.975 220.986 -1.3 12.4 0.5

Household furnishings and operations

115.712 115.949 114.955 -0.7 -0.7 -0.9

Apparel

113.514 113.211 109.947 1.6 -3.1 -2.9

Transportation

193.329 195.090 195.993 -6.0 1.4 0.5

Private transportation

187.864 188.844 190.370 -5.8 1.3 0.8

Motor fuel

217.508 217.766 223.300 -20.3 2.7 2.5

Gasoline (all types)

213.056 213.204 218.530 -20.4 2.6 2.5

Gasoline, unleaded regular (3)

213.367 213.511 218.907 -20.6 2.6 2.5

Gasoline, unleaded midgrade (3) (4)

203.592 204.417 209.352 -19.9 2.8 2.4

Gasoline, unleaded premium (3)

204.154 204.179 208.968 -19.2 2.4 2.3

Medical care

448.437 462.437 468.661 11.0 4.5 1.3

Recreation (5)

107.340 107.517 106.631 2.2 -0.7 -0.8

Education and communication (5)

145.919 145.504 145.366 -0.5 -0.4 -0.1

Other goods and services

389.765 391.155 386.699 0.5 -0.8 -1.1
 

Commodity and service group

 
 

All items

248.368 249.671 249.947 1.8 0.6 0.1

Commodities

175.171 174.696 174.677 -2.3 -0.3 0.0

Commodities less food & beverages

134.996 134.916 134.689 -5.0 -0.2 -0.2

Nondurables less food & beverages

174.794 175.031 175.862 -5.9 0.6 0.5

Durables

96.000 95.607 94.331 -3.7 -1.7 -1.3

Services

313.483 316.380 316.920 4.2 1.1 0.2
 

Special aggregate indexes

 
 

All items less medical care

239.656 240.467 240.514 1.3 0.4 0.0

All items less shelter

220.292 221.452 221.364 0.3 0.5 0.0

Commodities less food

139.335 139.214 138.979 -4.7 -0.3 -0.2

Nondurables

214.185 213.679 214.374 -1.9 0.1 0.3

Nondurables less food

180.497 180.641 181.421 -5.3 0.5 0.4

Services less rent of shelter (2)

323.431 328.240 327.996 3.9 1.4 -0.1

Services less medical care services

301.870 303.974 304.460 3.6 0.9 0.2

Energy

232.795 235.379 238.883 -12.6 2.6 1.5

All items less energy

251.429 252.645 252.679 3.0 0.5 0.0

All items less food and energy

251.672 253.327 253.273 3.3 0.6 0.0

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, July 15, 2016