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16-1709-SAN
Tuesday, August 16, 2016

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Consumer Price Index, West Region — July 2016

Area prices were up 0.1 percent over the past month, up 1.4 percent from a year ago

Prices in the West Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), inched up 0.1 percent in July, the U.S. Bureau of Labor Statistics reported today. (See table A.) The July increase was influenced by higher prices for shelter. (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 12.4 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy rose 2.8 percent over the year. (See table 1.) This is the ninth month that this index has increased by more than 2.5 percent. (See chart 1.)

Food

Food prices were unchanged for the month of July. (See table 1.) Prices for food at home inched down 0.2 percent, but prices for food away from home edged up 0.2 percent for the same period.

Over the year, food prices advanced 0.9 percent. Prices for food away from home advanced 4.2 percent since a year ago, but prices for food at home declined 1.4 percent.

Energy

The energy index edged down 0.1 percent over the month. The decrease was mainly due to lower prices for gasoline (-1.1 percent). Prices for electricity increased 0.3 percent, and prices for natural gas service increased 3.3 percent in the same period.

Energy prices dropped 12.4 percent over the year, largely due to lower prices for gasoline (-22.8 percent). Prices paid for natural gas service decreased 1.3 percent, while prices for electricity advanced 2.2 percent, during the past year.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent in July. Higher prices for shelter (0.5 percent) were partially offset by lower prices for apparel (-1.7 percent) and education and communication (-0.4 percent).

Over the year, the index for all items less food and energy rose 2.8 percent. Components contributing to the increase included shelter (4.8 percent) and medical care (3.4 percent). Slightly offsetting the increases were price declines in household furnishings and operations (-0.5 percent) and education and communication (-0.2 percent).

Table A. West Region 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

0.5 1.4 0.4 2.6 0.3 1.7 0.3 1.7 -0.3 0.7 0.5 2.6

February

0.6 1.9 0.4 2.5 0.8 2.0 0.4 1.3 0.6 0.9 0.1 2.1

March

0.9 2.6 0.9 2.4 0.4 1.5 0.6 1.5 0.8 1.1 0.2 1.5

April

0.6 3.0 0.2 2.1 0.0 1.3 0.3 1.8 0.3 1.0 0.5  1.8

May

0.3 3.2 0.2 2.0 0.2 1.3 0.6 2.3 0.8 1.2 0.5 1.5

June

-0.2 3.1 -0.2 2.0 0.1 1.5 0.1 2.3 0.0 1.1 0.2 1.6

July

-0.1 2.9 -0.3 1.8 0.0 1.9 0.1 2.3 0.3 1.3 0.1 1.4

August

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

September

0.4 3.5 0.5 2.2 0.2 1.3 0.1 2.0 -0.2 1.0    

October

0.0 3.4 0.4 2.5 -0.1 0.9 -0.1 2.0 0.0 1.1    

November

-0.2 3.2 -0.7 1.9 -0.4 1.3 -0.6 1.7 -0.2 1.5    

December

-0.3 2.7 -0.5 1.7 0.0 1.8 -0.5 1.3 -0.1 1.8    

The August 2016 Consumer Price Index for the West Region is scheduled to be released on September 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 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: (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-
May
2016
Jun.
2016
Jul.
2016
Jul.
2015
May
2016
Jun.
2016

Expenditure category

 
 

All Items

247.885 248.267 248.412 1.4 0.2 0.1

All items (December 1977=100)

400.692 401.310 401.545      

Food and beverages

251.836 251.503 251.396 0.9 -0.2 0.0

Food

251.885 251.582 251.483 0.9 -0.2 0.0

Food at home

247.094 246.086 245.520 -1.4 -0.6 -0.2

Food away from home

257.433 258.137 258.704 4.2 0.5 0.2

Alcoholic beverages

247.867 247.140 246.919 1.5 -0.4 -0.1

Housing

263.822 264.688 265.868 4.0 0.8 0.4

Shelter

299.726 300.867 302.297 4.8 0.9 0.5

Rent of primary residence (1)

314.318 315.746 317.191 5.3 0.9 0.5

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

314.216 315.603 317.070 4.9 0.9 0.5

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

314.220 315.608 317.077 4.9 0.9 0.5

Fuels and utilities

286.787 287.839 289.254 2.4 0.9 0.5

Household energy

248.416 249.795 252.217 1.5 1.5 1.0

Energy services (1)

251.024 252.137 254.664 1.4 1.5 1.0

Electricity (1)

279.505 282.011 282.942 2.2 1.2 0.3

Utility (piped) gas service (1)

198.958 196.812 203.315 -1.3 2.2 3.3

Household furnishings and operations

129.033 128.832 129.019 -0.5 0.0 0.1

Apparel

121.088 118.627 116.579 0.4 -3.7 -1.7

Transportation

200.605 202.092 200.972 -6.0 0.2 -0.6

Private transportation

193.449 195.078 194.966 -6.1 0.8 -0.1

New and used motor vehicles (3)

102.025 101.889 102.117 -0.5 0.1 0.2

New vehicles

148.049 147.680 148.294 0.5 0.2 0.4

New cars and trucks (3) (4)

102.813 102.562 102.996 0.4 0.2 0.4

New cars (4)

146.181 145.566 145.919 -0.6 -0.2 0.2

Used cars and trucks

140.987 140.147 139.344 -4.7 -1.2 -0.6

Motor fuel

208.114 214.564 212.239 -22.6 2.0 -1.1

Gasoline (all types)

207.561 213.878 211.507 -22.8 1.9 -1.1

Gasoline, unleaded regular (4)

204.948 211.393 208.904 -23.1 1.9 -1.2

Gasoline, unleaded midgrade (4) (5)

198.716 203.730 202.213 -22.1 1.8 -0.7

Gasoline, unleaded premium (4)

204.978 210.575 208.772 -21.0 1.9 -0.9

Medical Care

469.562 470.348 470.568 3.4 0.2 0.0

Medical care commodities

351.696 355.450 357.402 3.4 1.6 0.5

Medical care services

507.337 506.997 506.562 3.4 -0.2 -0.1

Professional services

350.290 348.961 348.740 2.1 -0.4 -0.1

Recreation (3)

112.233 111.839 112.010 0.9 -0.2 0.2

Education and communication (3)

138.117 137.905 137.394 -0.2 -0.5 -0.4

Other goods and services

407.586 407.374 408.712 1.5 0.3 0.3
 

Commodity and Service Group

 
 

All Items

247.885 248.267 248.412 1.4 0.2 0.1

Commodities

179.197 179.038 178.520 -2.6 -0.4 -0.3

Commodities less food & beverages

142.993 142.908 142.252 -5.0 -0.5 -0.5

Nondurables less food & beverages

179.442 180.153 178.848 -7.0 -0.3 -0.7

Nondurables less food, beverages, and apparel

220.885 223.632 222.769 -9.3 0.9 -0.4

Durables

109.372 108.646 108.534 -1.8 -0.8 -0.1

Services

311.329 312.230 313.015 3.7 0.5 0.3

Rent of shelter (2)

318.938 320.176 321.703 4.8 0.9 0.5

Transportation services

293.300 294.653 292.409 2.4 -0.3 -0.8

Other services

341.028 341.254 341.692 1.7 0.2 0.1
 

Special aggregate indexes:

 
 

All items less medical care

237.756 238.120 238.262 1.2 0.2 0.1

All items less food

247.435 247.924 248.107 1.4 0.3 0.1

All items less shelter

228.022 228.083 227.681 -0.5 -0.1 -0.2

Commodities less food

146.937 146.835 146.185 -4.7 -0.5 -0.4

Nondurables

215.553 215.785 215.023 -2.8 -0.2 -0.4

Nondurables less food

184.472 185.106 183.854 -6.4 -0.3 -0.7

Nondurables less food and apparel

223.148 225.582 224.777 -8.3 0.7 -0.4

Services less rent of shelter (2)

336.834 337.394 337.286 2.3 0.1 0.0

Services less medical care services

297.715 298.693 299.554 3.7 0.6 0.3

Energy

228.495 232.755 232.523 -12.4 1.8 -0.1

All items less energy

251.366 251.462 251.636 2.5 0.1 0.1

All items less food and energy

252.047 252.210 252.432 2.8 0.2 0.1

Commodities less food and energy commodities

140.707 139.804 139.347 -0.6 -1.0 -0.3

Energy commodities

212.077 218.754 216.414 -22.1 2.0 -1.1

Services less energy services

315.969 316.860 317.539 3.8 0.5 0.2

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: Tuesday, August 16, 2016