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13-1373-PHI

Tuesday, July 16, 2013

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Consumer Price Index, Philadelphia-Wilmington-Atlantic City –
June 2013

Area Prices Up 0.3 Percent Since April and 1.5 Percent Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Philadelphia-Wilmington-Atlantic City area edged up 0.3 percent from April to June, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the recent increase was due to higher prices in the all items less food and energy group, up 0.4 percent. Food prices edged down 0.2 percent over the last two months, while energy prices were unchanged. (Data in this report are not seasonally adjusted. Accordingly, two-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U increased 1.5 percent. (See chart 1 and table A.) The rise was due largely to a 1.8-percent advance in the all items less food and energy index since June 2012. Prices for food rose 0.9 percent over the year and those for energy inched up 0.1 percent. (See table 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Philadelphia-Wilmington-Atlantic City, June 2010 to June 2013 (not seasonally adjusted)

Food

Following an identical decrease from February to April, food prices edged down 0.2 percent over the last two months. Prices for food at home declined 0.6 percent while those for food away from home edged up 0.2 percent. Within the food at home component, lower prices for various items including pork chops and fresh fish and seafood were moderated by higher prices for items such as potatoes and citrus fruits.

Over the year, the food index advanced 0.9 percent. Both components of the food index had price increases since June 2012—prices for food away from home rose 2.1 percent and those for food at home, 0.2 percent.

Energy

The energy index, which includes prices for household and transportation fuels, was unchanged over the last two months. Prices were lower for electricity, down 2.1 percent from April to June, while prices were higher for gasoline, up 1.9 percent. Utility (piped) gas service prices were unchanged since April.

The energy index inched up 0.1 percent since last June. Within the energy group, prices were higher for gasoline, up 1.9 percent over the year, and for utility (piped) gas service, up 3.8 percent—the largest 12-month increase since February 2009. Nearly offsetting these advances, electricity prices fell 4.8 percent since June 2012.

All items less food and energy

The index for all items less food and energy increased 0.4 percent from April to June. Prices were higher for shelter (1.1 percent), particularly those for lodging away from home. Lower prices for apparel (-2.9 percent) and education and communication (-0.3 percent), among other components, moderated the rise in the all items less food and energy index.

Over the last 12 months, the index for all items less food and energy increased 1.8 percent. Price increases were widespread among the components of the all items less food and energy index since last June, led by shelter (1.2 percent), particularly owners’ equivalent rent of residences (1.0 percent).

The August 2013 Consumer Price Index for Philadelphia-Wilmington-Atlantic City is scheduled to be released September 17, 2013, at 8:30 a.m. (ET).

 

Table A. Philadelphia-Wilmington-Atlantic City CPI-U 2-month and 12-month percent changes, all items index (not seasonally adjusted)
Month 2008 2009 2010 2011 2012 2013
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

0.9 3.7 1.0 -0.3 0.8 2.8 1.3 1.9 0.7 2.2 0.7 1.8

April

1.2 3.9 0.6 -0.9 0.4 2.6 1.0 2.5 0.8 2.0 0.1 1.1

June

2.1 5.1 1.0 -2.0 0.3 1.9 0.6 2.8 -0.2 1.3 0.3 1.5

August

0.0 4.4 1.0 -1.0 0.2 1.1 0.7 3.4 0.9 1.4    

October

-1.4 2.8 -0.6 -0.1 0.0 1.7 -0.3 3.0 0.4 2.2    

December

-3.1 -0.4 0.0 3.0 -0.2 1.4 -0.5 2.8 -0.9 1.8    

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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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 Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., Consolidated Metropolitan Statistical Area (CMSA), includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, and Salem Counties in New Jersey; New Castle County in Delaware; and Cecil County in Maryland.

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, Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md. (1982-84=100 unless otherwise noted)
Expenditure category Indexes Percent change from-
Apr. 2013 May 2013 June 2013 June 2012 Apr. 2013 May 2013

All items

240.345 - 240.990 1.5 0.3 -

Food and beverages

223.235 - 222.749 1.1 -0.2 -

Food

222.691 - 222.143 0.9 -0.2 -

Food at home

234.134 232.744 232.810 0.2 -0.6 0.0

Food away from home

201.946 - 202.426 2.1 0.2 -

Alcoholic beverages

228.131 - 228.547 2.7 0.2 -

Housing

242.732 - 244.514 0.7 0.7 -

Shelter

292.389 294.442 295.668 1.2 1.1 0.4

Rent of primary residence (1)

272.576 273.173 273.525 2.0 0.3 0.1

Owners' equivalent rent of residences (1) (2)

300.769 301.014 301.285 1.0 0.2 0.1

Owners' equivalent rent of primary residence (1) (2)

300.769 301.014 301.285 1.0 0.2 0.1

Fuels and utilities

217.892 - 214.962 -0.7 -1.3 -

Household energy

189.086 187.815 185.814 -1.7 -1.7 -1.1

Energy services (1)

195.636 195.835 192.769 -2.4 -1.5 -1.6

Electricity (1)

199.528 199.661 195.364 -4.8 -2.1 -2.2

Utility (piped) gas service (1)

180.647 180.982 180.703 3.8 0.0 -0.2

Household furnishings and operations

121.132 - 121.865 -1.2 0.6 -

Apparel

114.735 - 111.462 1.2 -2.9 -

Transportation

220.500 - 221.636 3.1 0.5 -

Private transportation

217.998 - 219.335 3.3 0.6 -

Motor fuel

304.828 308.259 310.262 1.9 1.8 0.6

Gasoline (all types)

300.607 304.136 306.197 1.9 1.9 0.7

Gasoline, unleaded regular (3)

300.400 304.015 306.087 1.8 1.9 0.7

Gasoline, unleaded midgrade (3) (4)

295.041 298.348 300.173 2.4 1.7 0.6

Gasoline, unleaded premium (3)

285.844 288.603 290.689 2.5 1.7 0.7

Medical care

457.497 - 457.408 2.3 0.0 -

Recreation (5)

123.631 - 123.950 0.6 0.3 -

Education and communication (5)

129.958 - 129.570 3.3 -0.3 -

Other goods and services

464.369 - 463.531 3.0 -0.2 -
Commodity and service group            

Commodities

183.508 - 182.725 0.5 -0.4 -

Commodities less food and beverages

159.801 - 158.921 0.1 -0.6 -

Nondurables less food and beverages

201.886 - 201.102 1.4 -0.4 -

Durables

112.354 - 111.320 -2.7 -0.9 -

Services

299.513 - 301.399 2.1 0.6 -
Special aggregate indexes            

All items less medical care

231.142 - 231.807 1.5 0.3 -

All items less shelter

224.631 - 224.174 1.7 -0.2 -

Commodities less food

162.345 - 161.495 0.2 -0.5 -

Nondurables

214.693 - 214.028 1.2 -0.3 -

Nondurables less food

203.438 - 202.710 1.4 -0.4 -

Services less rent of shelter (2)

314.484 - 314.638 3.1 0.0 -

Services less medical care services

286.884 - 288.812 2.1 0.7 -

Energy

231.701 232.164 231.641 0.1 0.0 -0.2

All items less energy

243.095 - 243.828 1.7 0.3 -

All items less food and energy

249.109 - 250.068 1.8 0.4 -

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) Indexes 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: July 16, 2013