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14-2132-SAN
November 20, 2014

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Consumer Price Index, West Region — October 2014

Prices in the West down 0.1 percent over the month, up 2.0 percent from a year ago

Prices in the West Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), inched down 0.1 percent in October, the U.S. Bureau of Labor Statistics reported today. (See table A.) The October decrease was influenced by lower prices for gasoline. (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 advanced 2.0 percent. (See chart 1.) Energy prices decreased 1.5 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy rose 2.1 percent since October 2013.

  Chart 1. Over-the-year percent change in CPI-U, West Region, October 2011-October 2014

Food

Food prices advanced 0.4 percent for the month of October. (See table 1.) Prices for food at home rose 0.5 percent while prices for food away from home were virtually unchanged (0.1 percent) for the same period.

Over the year, food prices rose 3.5 percent. Prices for food at home rose 4.1 percent since a year ago, and prices for food away from home increased 2.6 percent.

Energy

The energy index declined 4.7 percent over the month. The decrease was mainly due to lower prices for gasoline (-7.3 percent). Prices for natural gas service declined 2.0 percent and prices for electricity decreased 0.8 percent in October.

Energy prices decreased 1.5 percent over the year, largely due to lower prices for gasoline (-4.8 percent). Prices paid for natural gas service climbed 10.8 percent, and prices for electricity increased 1.1 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.3 percent in October. Higher prices for expenditure categories such as household furnishings and operations (1.3 percent), new vehicles (0.9 percent), apparel (0.5 percent), and shelter (0.3 percent) were partially offset by lower prices for used cars and trucks (-2.2 percent) and education and communication (-0.4 percent).

Over the year, the index for all items less food and energy rose 2.1 percent. Components contributing to the increase included shelter (3.6 percent) and medical care (2.2 percent). Partly offsetting the increases were price declines in used cars and trucks (-2.1 percent) and household furnishings and operations (-0.3 percent).

Table A. West Region CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2009 2010 2011 2012 2013 2014
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.6 0.1 0.3 1.9 0.5 1.4 0.4 2.6 0.3 1.7 0.3 1.7

February

0.5 0.3 0.1 1.4 0.6 1.9 0.4 2.5 0.8 2.0 0.4 1.3

March

0.1 -0.5 0.3 1.6 0.9 2.6 0.9 2.4 0.4 1.5 0.6 1.5

April

0.3 -0.7 0.2 1.5 0.6 3.0 0.2 2.1 0.0 1.3 0.3 1.8

May

0.3 -1.1 0.1 1.3 0.3 3.2 0.2 2.0 0.2 1.3 0.6 2.3

June

0.6 -1.4 -0.1 0.6 -0.2 3.1 -0.2 2.0 0.1 1.5 0.1 2.3

July

-0.2 -2.0 0.1 0.8 -0.1 2.9 -0.3 1.8 0.0 1.9 0.1 2.3

August

0.2 -1.3 0.1 0.7 0.2 3.0 0.5 2.1 0.1 1.5 -0.1 2.1

September

0.2 -0.8 -0.1 0.5 0.4 3.5 0.5 2.2 0.2 1.3 0.1 2.0

October

0.1 -0.3 0.1 0.6 0.0 3.4 0.4 2.5 -0.1 0.9 -0.1 2.0

November

-0.3 1.2 0.0 0.9 -0.2 3.2 -0.7 1.9 -0.4 1.3    

December

-0.2 2.2 0.2 1.3 -0.3 2.7 -0.5 1.7 0.0 1.8    

CPI-W

In October, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 235.343, down 0.3 percent from September. The CPI-W increased 1.8 percent over the year.

The November 2014 Consumer Price Index for the West Region is scheduled to be released on December 17, 2014, at 10:00 a.m. (PST).


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 4,000 housing units and approximately 26,000 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 West Region covered in this release is comprised of the following thirteen states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

West (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Aug.
2014
Sep.
2014
Oct.
2014
Oct.
2013
Aug.
2014
Sep.
2014

Expenditure category

 
 

All Items

241.660 241.920 241.650 2.0 0.0 -0.1

All items (December 1977=100)

390.630 391.050 390.614      

Food and beverages

246.396 246.725 247.548 3.3 0.5 0.3

Food

246.437 246.789 247.685 3.5 0.5 0.4

Food at home

247.189 247.510 248.815 4.1 0.7 0.5

Food away from home

244.165 244.558 244.875 2.6 0.3 0.1

Alcoholic beverages

242.485 242.517 242.407 1.4 0.0 0.0

Housing

247.359 248.005 248.766 3.2 0.6 0.3

Shelter

277.648 278.524 279.364 3.6 0.6 0.3

Rent of primary residence (1)

290.083 291.184 292.639 4.1 0.9 0.5

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

290.940 291.985 293.171 3.3 0.8 0.4

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

290.938 291.979 293.163 3.3 0.8 0.4

Fuels and utilities

279.676 280.414 278.793 3.8 -0.3 -0.6

Household energy

249.454 250.309 247.639 3.4 -0.7 -1.1

Energy services (1)

251.295 252.024 249.286 3.4 -0.8 -1.1

Electricity (1)

274.835 273.175 271.059 1.1 -1.4 -0.8

Utility (piped) gas service (1)

211.058 217.545 213.146 10.8 1.0 -2.0

Household furnishings and operations

127.836 127.616 129.292 -0.3 1.1 1.3

Apparel

119.706 123.108 123.770 1.0 3.4 0.5

Transportation

218.606 216.202 212.341 -1.3 -2.9 -1.8

Private transportation

213.479 210.883 206.135 -1.4 -3.4 -2.3

New and used motor vehicles (3)

101.267 100.706 100.634 -0.8 -0.6 -0.1

New vehicles

143.985 144.067 145.305 0.6 0.9 0.9

New cars and trucks (3) (4)

100.080 100.138 100.977 0.6 0.9 0.8

New cars (4)

144.653 144.745 145.862 0.3 0.8 0.8

Used cars and trucks

149.067 146.904 143.669 -2.1 -3.6 -2.2

Motor fuel

310.314 301.502 279.670 -4.7 -9.9 -7.2

Gasoline (all types)

309.000 300.027 278.053 -4.8 -10.0 -7.3

Gasoline, unleaded regular (4)

308.215 299.153 276.842 -4.9 -10.2 -7.5

Gasoline, unleaded midgrade (4) (5)

289.695 281.633 261.764 -4.5 -9.6 -7.1

Gasoline, unleaded premium (4)

292.707 284.500 265.285 -4.5 -9.4 -6.8

Medical Care

440.232 442.039 441.619 2.2 0.3 -0.1

Medical care commodities

330.029 333.431 332.323 1.8 0.7 -0.3

Medical care services

475.563 476.690 476.557 2.3 0.2 0.0

Professional services

332.238 332.163 331.887 1.9 -0.1 -0.1

Recreation (3)

110.146 110.199 110.306 0.8 0.1 0.1

Education and communication (3)

138.755 139.189 138.608 0.4 -0.1 -0.4

Other goods and services

399.953 400.006 399.301 1.8 -0.2 -0.2
 

Commodity and Service Group

 
 

All Items

241.660 241.920 241.650 2.0 0.0 -0.1

Commodities

185.559 185.335 184.075 0.5 -0.8 -0.7

Commodities less food & beverages

154.049 153.606 151.530 -1.4 -1.6 -1.4

Nondurables less food & beverages

201.368 200.939 196.375 -1.2 -2.5 -2.3

Nondurables less food, beverages, and apparel

258.520 255.547 247.451 -1.9 -4.3 -3.2

Durables

110.446 109.991 110.173 -1.5 -0.2 0.2

Services

293.037 293.760 294.449 2.9 0.5 0.2

Rent of shelter (2)

295.354 296.288 297.187 3.5 0.6 0.3

Transportation services

276.086 275.671 279.748 1.4 1.3 1.5

Other services

333.879 334.765 333.922 1.4 0.0 -0.3
 

Special aggregate indexes:

 
 

All items less medical care

232.496 232.693 232.431 1.9 0.0 -0.1

All items less food

241.101 241.346 240.891 1.7 -0.1 -0.2

All items less shelter

228.500 228.499 227.755 1.2 -0.3 -0.3

Commodities less food

157.570 157.138 155.107 -1.3 -1.6 -1.3

Nondurables

224.871 224.793 222.706 1.1 -1.0 -0.9

Nondurables less food

204.859 204.456 200.136 -1.0 -2.3 -2.1

Nondurables less food and apparel

256.583 253.904 246.587 -1.6 -3.9 -2.9

Services less rent of shelter (2)

323.395 323.926 324.417 2.1 0.3 0.2

Services less medical care services

280.341 281.036 281.767 2.9 0.5 0.3

Energy

285.855 281.340 267.981 -1.5 -6.3 -4.7

All items less energy

240.270 240.894 241.613 2.3 0.6 0.3

All items less food and energy

239.946 240.619 241.310 2.1 0.6 0.3

Commodities less food and energy commodities

140.401 140.953 141.275 -0.3 0.6 0.2

Energy commodities

314.455 305.804 284.045 -4.6 -9.7 -7.1

Services less energy services

296.432 297.157 298.066 2.9 0.6 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) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
 

Regions defined as the four Census regions. West includes Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Thursday, November 20, 2014