News Release Information

14-1562-CHI

Tuesday, August 19, 2014

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Consumer Price Index, Cincinnati-Hamilton – First Half 2014


The Consumer Price Index for All Urban Consumers (CPI-U) in the Cincinnati-Hamilton area rose 2.2 percent from the first half of 2013 to the first half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer stated that the energy index was 1.6 percent higher compared to its first half 2013 level, primarily due to increases in costs for electricity and utility (piped) gas service. Food prices were up 2.2 percent compared to their first half 2013 averages while the index for all items less food and energy increased 2.3 percent over the year. Among the categories within the all items less food and energy index, prices for shelter, medical care, and other goods and services were higher compared to their first half 2013 levels.

Food

Food prices rose 2.2 percent over the year after increasing 0.8 percent from the first half of 2012 to the first half of 2013. Within the food category, the index for food at home (groceries) was 1.7 percent higher while prices for food away from (restaurant, cafeteria, and vending purchases) increased 3.0 percent.

Energy

The energy index increased 1.6 percent from the first half of 2013 to the first half of 2014 after rising 2.0 percent over the prior annual period. Within the energy category, the indexes for electricity and utility (piped) gas service rose 4.1 percent and 5.3 percent, respectively, over the year. The index for gasoline was down 0.5 percent compared to its first half 2013 level.

All items less food and energy

The all items less food and energy index increased 2.3 percent over the year. Among the index’s components, higher costs were recorded for shelter (1.8 percent), medical care (4.1 percent), and other goods and services (4.3 percent).

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The second half 2014 Consumer Price Index for Cincinnati-Hamilton is scheduled to be released February 2015.


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 Cincinnati-Hamilton, Ohio-Ky.-Ind. consolidated area covered in this release is comprised of Dearborn and Ohio Counties in Indiana; Boone, Campbell, Gallatin, Grant, Kenton, and Pendleton Counties in Kentucky; and Brown, Butler, Clermont, Hamilton and Warren Counties in Ohio.

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 for annual averages and percent changes for selected periods

Cincinnati-Hamilton, OH-KY-IN (1982-84=100 unless otherwise noted)
Item and Group
Annual average indexes
Percent change
2012 to 2013
2012 2013

Expenditure category

 
 

All items

216.316 220.029 1.7

All items (1967=100)

669.331 680.821 -

Food and beverages

211.090 212.889 0.9

Food

207.969 209.859 0.9

Food at home

206.565 207.586 0.5

Food away from home

213.167 217.457 2.0

Alcoholic beverages

236.112 236.365 0.1

Housing

195.388 200.758 2.7

Shelter

222.561 229.006 2.9

Rent of primary residence (1)

222.532 229.487 3.1

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

224.470 230.581 2.7

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

224.470 230.581 2.7

Fuels and utilities

206.074 216.386 5.0

Household energy

170.770 179.568 5.2

Energy services (1)

174.608 184.151 5.5

Electricity (1)

174.161 184.291 5.8

Utility (piped) gas service (1)

167.804 175.493 4.6

Household furnishings and operations

115.768 113.966 -1.6

Apparel

146.886 141.160 -3.9

Transportation

209.800 210.574 0.4

Private transportation

208.623 207.883 -0.4

Motor fuel

324.398 319.025 -1.7

Gasoline (all types)

323.546 318.030 -1.7

Gasoline, unleaded regular (3)

334.674 328.721 -1.8

Gasoline, unleaded midgrade (3) (4)

312.155 307.413 -1.5

Gasoline, unleaded premium (3)

275.303 271.272 -1.5

Medical care

434.024 441.508 1.7

Recreation (5)

120.825 122.488 1.4

Education and communication (5)

131.194 135.860 3.6

Other goods and services

441.716 455.061 3.0
 

Commodity and service group

 
 

All items

216.316 220.029 1.7

Commodities

180.139 179.330 -0.4

Commodities less food & beverages

162.722 160.712 -1.2

Nondurables less food & beverages

210.394 207.042 -1.6

Durables

117.736 117.105 -0.5

Services

255.702 263.973 3.2
 

Special aggregate indexes

 
 

All items less medical care

206.294 209.832 1.7

All items less shelter

215.867 218.461 1.2

Commodities less food

165.984 164.024 -1.2

Nondurables

212.692 211.790 -0.4

Nondurables less food

213.767 210.581 -1.5

Services less rent of shelter (2)

301.159 311.558 3.5

Services less medical care services

239.609 247.780 3.4

Energy

239.476 242.013 1.1

All items less energy

216.365 220.427 1.9

All items less food and energy

219.215 223.738 2.1

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 November 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.

Table 2. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods

Cincinnati-Hamilton, OH-KY-IN (1982-84=100 unless otherwise noted)
Item and Group

Semiannual average indexes
Percent change to
1st half 2014 from-
1st half
2013
2nd half
2013
1st half
2014
1st half
2013
2nd half
2013

Expenditure category

 
 

All items

218.797 221.262 223.680 2.2 1.1

All items (1967=100)

677.008 684.634 692.115 - -

Food and beverages

211.953 213.825 216.670 2.2 1.3

Food

208.843 210.875 213.539 2.2 1.3

Food at home

206.771 208.402 210.195 1.7 0.9

Food away from home

215.764 219.151 222.206 3.0 1.4

Alcoholic beverages

236.721 236.009 241.219 1.9 2.2

Housing

198.632 202.884 202.905 2.2 0.0

Shelter

227.208 230.803 231.220 1.8 0.2

Rent of primary residence (1)

226.652 232.322 233.910 3.2 0.7

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

228.890 232.272 232.806 1.7 0.2

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

228.890 232.272 232.806 1.7 0.2

Fuels and utilities

211.789 220.982 220.651 4.2 -0.1

Household energy

175.728 183.408 183.691 4.5 0.2

Energy services (1)

180.018 188.284 187.686 4.3 -0.3

Electricity (1)

178.329 190.252 185.672 4.1 -2.4

Utility (piped) gas service (1)

175.978 175.009 185.316 5.3 5.9

Household furnishings and operations

112.965 114.968 115.592 2.3 0.5

Apparel

141.107 141.214 139.750 -1.0 -1.0

Transportation

210.972 210.176 215.548 2.2 2.6

Private transportation

208.345 207.420 212.176 1.8 2.3

Motor fuel

327.893 310.158 327.023 -0.3 5.4

Gasoline (all types)

327.064 308.996 325.409 -0.5 5.3

Gasoline, unleaded regular (3)

338.219 319.224 336.125 -0.6 5.3

Gasoline, unleaded midgrade (3) (4)

315.856 298.971 314.508 -0.4 5.2

Gasoline, unleaded premium (3)

278.457 264.086 278.792 0.1 5.6

Medical care

438.311 444.705 456.412 4.1 2.6

Recreation (5)

122.596 122.379 125.330 2.2 2.4

Education and communication (5)

135.498 136.223 135.702 0.2 -0.4

Other goods and services

450.615 459.508 470.000 4.3 2.3
 

Commodity and service group

 
 

All items

218.797 221.262 223.680 2.2 1.1

Commodities

179.213 179.447 182.361 1.8 1.6

Commodities less food & beverages

160.978 160.446 163.207 1.4 1.7

Nondurables less food & beverages

208.415 205.670 211.184 1.3 2.7

Durables

116.177 118.033 118.767 2.2 0.6

Services

261.611 266.334 268.306 2.6 0.7
 

Special aggregate indexes

 
 

All items less medical care

208.688 210.976 212.972 2.1 0.9

All items less shelter

217.544 219.377 222.844 2.4 1.6

Commodities less food

164.295 163.753 166.608 1.4 1.7

Nondurables

212.064 211.517 215.814 1.8 2.0

Nondurables less food

211.910 209.251 214.800 1.4 2.7

Services less rent of shelter (2)

308.910 314.206 319.065 3.3 1.5

Services less medical care services

245.422 250.138 251.875 2.6 0.7

Energy

243.801 240.225 247.603 1.6 3.1

All items less energy

218.984 221.870 224.093 2.3 1.0

All items less food and energy

222.202 225.275 227.404 2.3 0.9

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 November 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.

 

Last Modified Date: August 19, 2014