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14-599-DAL

Tuesday, April 15, 2014

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Further information:

Consumer Price Index, West Region – March 2014

Area prices were up 0.6 percent over the past month, up 1.5 percent from a year ago


Prices in the West Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.6 percent in March, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Stanley W. Suchman noted that the March increase was largely influenced by higher 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 increased 1.5 percent. (See chart 1.) This marks the 17th consecutive month in which consumer prices rose by 2.0 percent or less on an annual basis in the West. Energy prices decreased 1.0 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy rose 1.8 percent since March 2013.

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), West region, March 2011–March 2014


Food

Food prices increased 0.4 percent for the month of March. (See table 1.) Prices for food away from home advanced 0.4 percent, and prices for food at home rose 0.3 percent for the same period.

Over the year, food prices rose 1.7 percent. Prices for food away from home advanced 2.6 percent since a year ago, and prices for food at from home advanced 1.2 percent.

Energy

The energy index rose 4.0 percent over the month. The increase was mainly due to higher prices for gasoline (6.4 percent). Prices for natural gas service advanced 2.9 percent, while prices for electricity were unchanged in March.

Energy prices decreased 1.0 percent over the year, largely due to lower prices for gasoline (-5.0 percent). Prices paid for electricity advanced 1.6 percent, and prices for natural gas service jumped 19.2 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 March. Higher prices were posted for categories such as apparel (3.3 percent) and shelter (0.3 percent), while prices edged lower for medical care (-0.1 percent).

Over the year, the index for all items less food and energy rose 1.8 percent. Components contributing to the increase included shelter (3.0 percent), other goods and services (2.4 percent), and medical care (2.1 percent). Partly offsetting the increases were price declines in household furnishings and operations (-0.6 percent) and apparel (-0.4 percent).


Table A. West region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month

2009 2010 2011 2012 2013 2014
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

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 - -

May

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

June

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

July

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

August

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

September

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

October

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

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 - -
_______________________
The April 2014 Consumer Price Index for the West Region is scheduled to be released on May 15, 2014 at 7:30 a.m.(CT).



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 the 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/pdf/homch17.pdf.

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

Indexes
Percent change from-
Jan.
2014
Feb.
2014
Mar.
2014
Mar.
2013
Jan.
2014
Feb.
2014

Expenditure category

 
 

All Items

236.707 237.614 239.092 1.5 1.0 0.6

All items (December 1977=100)

382.624 384.089 386.479      

Food and beverages

240.492 241.157 241.972 1.7 0.6 0.3

Food

240.272 241.015 241.869 1.7 0.7 0.4

Food at home

239.976 240.789 241.499 1.2 0.6 0.3

Food away from home

239.508 240.148 241.201 2.6 0.7 0.4

Alcoholic beverages

239.972 239.641 239.940 0.9 0.0 0.1

Housing

242.381 243.007 243.713 2.9 0.5 0.3

Shelter

271.941 272.594 273.437 3.0 0.6 0.3

Rent of primary residence (1)

284.443 285.041 285.716 3.3 0.4 0.2

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

286.145 286.672 287.131 2.9 0.3 0.2

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

286.145 286.666 287.125 2.9 0.3 0.2

Fuels and utilities

266.764 269.379 270.254 5.3 1.3 0.3

Household energy

236.368 238.945 240.046 6.0 1.6 0.5

Energy services (1)

237.212 238.891 240.596 5.6 1.4 0.7

Electricity (1)

261.143 261.270 261.332 1.6 0.1 0.0

Utility (piped) gas service (1)

195.142 200.639 206.381 19.2 5.8 2.9

Household furnishings and operations

129.306 128.868 129.006 -0.6 -0.2 0.1

Apparel

116.701 117.176 121.101 -0.4 3.8 3.3

Transportation

210.950 212.690 217.079 -1.2 2.9 2.1

Private transportation

205.594 207.103 211.598 -1.1 2.9 2.2

New and used motor vehicles (3)

100.754 101.113 101.473 0.7 0.7 0.4

New vehicles

145.261 146.099 146.200 0.4 0.6 0.1

New cars and trucks (3) (4)

100.933 101.499 101.577 0.6 0.6 0.1

New cars (4)

145.964 146.862 147.052 0.2 0.7 0.1

Used cars and trucks

143.538 143.715 144.914 1.0 1.0 0.8

Motor fuel

281.306 286.018 304.119 -4.8 8.1 6.3

Gasoline (all types)

279.563 284.336 302.620 -5.0 8.2 6.4

Unleaded regular (4)

278.279 282.970 301.530 -5.1 8.4 6.6

Unleaded midgrade (4) (5)

263.477 268.665 285.415 -4.4 8.3 6.2

Unleaded premium (4)

267.131 271.685 287.977 -4.6 7.8 6.0

Medical Care

435.730 438.595 438.157 2.1 0.6 -0.1

Medical care commodities

330.192 331.708 326.909 -1.0 -1.0 -1.4

Medical care services

469.275 472.624 473.952 2.9 1.0 0.3

Professional services

328.117 329.576 330.805 2.6 0.8 0.4

Recreation (3)

109.104 109.565 109.910 0.0 0.7 0.3

Education and communication (3)

138.290 138.222 138.305 0.9 0.0 0.1

Other goods and services

395.315 397.815 397.667 2.4 0.6 0.0
 

Commodity and Service Group

 
 

All Items

236.707 237.614 239.092 1.5 1.0 0.6

Commodities

181.392 182.264 184.384 -0.3 1.6 1.2

Commodities less food & beverages

150.744 151.671 154.256 -1.6 2.3 1.7

Nondurables less food & beverages

193.703 195.450 200.719 -2.0 3.6 2.7

Nondurables less food, beverages, and apparel

247.652 250.268 256.507 -2.6 3.6 2.5

Durables

111.093 111.276 111.423 -0.6 0.3 0.1

Services

287.382 288.311 289.155 2.7 0.6 0.3

Rent of shelter (2)

289.370 290.071 290.976 3.0 0.6 0.3

Transportation services

273.269 274.802 275.306 1.4 0.7 0.2

Other services

330.367 331.007 331.774 1.6 0.4 0.2
 

Special aggregate indexes:

 
 

All items less medical care

227.550 228.373 229.921 1.5 1.0 0.7

All items less food

236.337 237.270 238.849 1.5 1.1 0.7

All items less shelter

223.824 224.847 226.609 0.8 1.2 0.8

Commodities less food

154.268 155.164 157.696 -1.5 2.2 1.6

Nondurables

217.943 219.202 222.441 -0.2 2.1 1.5

Nondurables less food

197.464 199.096 204.093 -1.9 3.4 2.5

Nondurables less food and apparel

246.534 248.864 254.522 -2.4 3.2 2.3

Services less rent of shelter (2)

317.529 318.863 319.723 2.3 0.7 0.3

Services less medical care services

274.765 275.548 276.358 2.7 0.6 0.3

Energy

263.777 267.568 278.139 -1.0 5.4 4.0

All items less energy

236.574 237.270 238.072 1.8 0.6 0.3

All items less food and energy

236.671 237.360 238.155 1.8 0.6 0.3

Commodities less food and energy commodities

140.091 140.447 141.196 -0.5 0.8 0.5

Energy commodities

285.991 291.459 309.037 -4.4 8.1 6.0

Services less energy services

291.301 292.185 292.975 2.5 0.6 0.3

(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.
- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: April 16, 2014