News Release Information

14-1983-KAN

Wednesday, October 22, 2014

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Consumer Price Index, West Region September 2014

Area prices were up 0.1 percent over the past 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 up 0.1 percent in September, the U.S. Bureau of Labor Statistics reported today. (See table A.) The September increase was influenced by higher prices for shelter and apparel. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the last 12 months, the all items CPI-U advanced 2.0 percent. (See chart 1.) Energy prices rose 0.5 percent, largely the result of increases in prices for natural gas service. The index for all items less food and energy advanced 2.0 percent since September 2013.

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

Food

Food prices inched up 0.1 percent for the month of September. (See table 1.) Prices for food away from home crept up 0.2 percent in September, and prices for food at home edged up 0.1 percent.

Over the year, food prices advanced 3.3 percent. Prices for food at home rose 3.8 percent since a year ago, and prices for food away from home increased 2.6 percent.

Energy

The energy index declined 1.6 percent over the month. The decrease was primarily due to lower prices for gasoline (-2.9 percent). Prices for electricity declined 0.6 percent in September, but prices for natural gas service rose 3.1 percent.

Energy prices rose 0.5 percent over the year, largely due to higher prices for natural gas service (14.5 percent), though prices paid for electricity also advanced, up 2.3 percent. In contrast, prices for gasoline decreased 2.5 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 September. Higher prices for categories such as apparel (2.8 percent) and shelter (0.3 percent) were partially offset by lower prices for used cars and trucks (-1.5 percent) and household furnishings and operations (-0.2 percent).

Over the year, the index for all items less food and energy advanced 2.0 percent. Components contributing to the increase included shelter (3.4 percent) and medical care (2.4 percent). Partly offsetting the increases were annual price declines for household furnishings and operations (-1.5 percent) and new and used motor vehicles (-1.1 percent).


Table A. West Urban 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

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 September, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 235.974, up 0.1 percent from August. The CPI-W increased 1.9 percent over the year.

____________

The October 2014 Consumer Price Index for the West Region is scheduled to be released on November 20, 2014.



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 approximately 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 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-
Jul.
2014
Aug.
2014
Sep.
2014
Sep.
2013
Jul.
2014
Aug.
2014

Expenditure category

 
 

All Items

241.850 241.660 241.920 2.0 0.0 0.1

All items (December 1977=100)

390.937 390.630 391.050      

Food and beverages

244.859 246.396 246.725 3.2 0.8 0.1

Food

245.036 246.437 246.789 3.3 0.7 0.1

Food at home

245.467 247.189 247.510 3.8 0.8 0.1

Food away from home

243.223 244.165 244.558 2.6 0.5 0.2

Alcoholic beverages

239.247 242.485 242.517 1.8 1.4 0.0

Housing

247.034 247.359 248.005 3.1 0.4 0.3

Shelter

276.821 277.648 278.524 3.4 0.6 0.3

Rent of primary residence (1)

289.131 290.083 291.184 3.9 0.7 0.4

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

290.111 290.940 291.985 3.2 0.6 0.4

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

290.108 290.938 291.979 3.2 0.6 0.4

Fuels and utilities

281.080 279.676 280.414 5.0 -0.2 0.3

Household energy

251.911 249.454 250.309 5.2 -0.6 0.3

Energy services (1)

253.755 251.295 252.024 5.1 -0.7 0.3

Electricity (1)

276.262 274.835 273.175 2.3 -1.1 -0.6

Utility (piped) gas service (1)

216.145 211.058 217.545 14.5 0.6 3.1

Household furnishings and operations

128.481 127.836 127.616 -1.5 -0.7 -0.2

Apparel

118.482 119.706 123.108 2.0 3.9 2.8

Transportation

222.358 218.606 216.202 -1.0 -2.8 -1.1

Private transportation

216.413 213.479 210.883 -0.9 -2.6 -1.2

New and used motor vehicles (3)

101.809 101.267 100.706 -1.1 -1.1 -0.6

New vehicles

145.215 143.985 144.067 -0.2 -0.8 0.1

New cars and trucks (3) (4)

100.938 100.080 100.138 -0.2 -0.8 0.1

New cars (4)

145.885 144.653 144.745 -0.5 -0.8 0.1

Used cars and trucks

148.716 149.067 146.904 -0.8 -1.2 -1.5

Motor fuel

320.394 310.314 301.502 -2.4 -5.9 -2.8

Gasoline (all types)

319.174 309.000 300.027 -2.5 -6.0 -2.9

Gasoline, unleaded regular (4)

318.485 308.215 299.153 -2.5 -6.1 -2.9

Gasoline, unleaded midgrade (4) (5)

299.040 289.695 281.633 -2.5 -5.8 -2.8

Gasoline, unleaded premium (4)

301.920 292.707 284.500 -2.8 -5.8 -2.8

Medical Care

440.896 440.232 442.039 2.4 0.3 0.4

Medical care commodities

331.634 330.029 333.431 2.3 0.5 1.0

Medical care services

475.835 475.563 476.690 2.4 0.2 0.2

Professional services

330.687 332.238 332.163 2.1 0.4 0.0

Recreation (3)

110.377 110.146 110.199 0.8 -0.2 0.0

Education and communication (3)

138.469 138.755 139.189 0.9 0.5 0.3

Other goods and services

398.041 399.953 400.006 1.5 0.5 0.0
 

Commodity and Service Group

 
 

All Items

241.850 241.660 241.920 2.0 0.0 0.1

Commodities

185.993 185.559 185.335 0.7 -0.4 -0.1

Commodities less food & beverages

155.281 154.049 153.606 -1.0 -1.1 -0.3

Nondurables less food & beverages

203.310 201.368 200.939 -0.3 -1.2 -0.2

Nondurables less food, beverages, and apparel

262.590 258.520 255.547 -1.1 -2.7 -1.2

Durables

111.029 110.446 109.991 -1.9 -0.9 -0.4

Services

292.990 293.037 293.760 2.9 0.3 0.2

Rent of shelter (2)

294.459 295.354 296.288 3.4 0.6 0.3

Transportation services

280.388 276.086 275.671 0.7 -1.7 -0.2

Other services

333.523 333.879 334.765 1.7 0.4 0.3
 

Special aggregate indexes:

 
 

All items less medical care

232.666 232.496 232.693 2.0 0.0 0.1

All items less food

241.544 241.101 241.346 1.8 -0.1 0.1

All items less shelter

229.125 228.500 228.499 1.3 -0.3 0.0

Commodities less food

158.677 157.570 157.138 -0.9 -1.0 -0.3

Nondurables

225.201 224.871 224.793 1.5 -0.2 0.0

Nondurables less food

206.501 204.859 204.456 -0.2 -1.0 -0.2

Nondurables less food and apparel

259.945 256.583 253.904 -0.9 -2.3 -1.0

Services less rent of shelter (2)

324.457 323.395 323.926 2.2 -0.2 0.2

Services less medical care services

280.276 280.341 281.036 2.9 0.3 0.2

Energy

292.578 285.855 281.340 0.5 -3.8 -1.6

All items less energy

239.967 240.270 240.894 2.2 0.4 0.3

All items less food and energy

239.834 239.946 240.619 2.0 0.3 0.3

Commodities less food and energy commodities

140.437 140.401 140.953 -0.3 0.4 0.4

Energy commodities

324.557 314.455 305.804 -2.3 -5.8 -2.8

Services less energy services

296.226 296.432 297.157 2.8 0.3 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: October 22, 2014