News Release Information

14-290-SAN

Thursday, February 20, 2014

Contacts

Consumer Price Index, San Diego – Second Half 2013

Area prices up 1.1 percent over the past six months, up 1.7 percent from a year ago

Prices in the greater San Diego area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.1 percent in the second half of 2013, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that the six-month increase was influenced by higher prices for shelter and recreation and lower prices for gasoline. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)

Over the past 12 months, the CPI-U rose 1.7 percent. (See chart 1.) Energy prices advanced 1.5 percent, mainly due to an increase in the price of electricity. The index for all items less food and energy increased 1.7 percent over the year.

Chart 1. Over-the-year percent change in CPI-U, San Diego, First half of 2010 – Second half of 2013

Food

Food prices edged up 0.1 percent in the second half of 2013. (See table 1.) Prices for food away from home were up 1.2 percent for the past six months. Prices for food at home declined 0.7 percent for the same period.

For the year ending in the second half of 2013, food prices rose 0.9 percent. Prices for food away from home advanced 2.4 percent during the past 12 months, but prices for food at home decreased 0.4 percent.

Energy

The energy index edged down 0.1 percent since the first half of 2013. This decrease was influenced by lower prices for gasoline (-4.9 percent). Partly offsetting the decline were higher prices for electricity (13.9 percent) and natural gas service (8.4 percent).

Energy prices increased 1.5 percent over the year, strongly influenced by a 14.0 percent jump in electricity prices. From a year ago, natural gas service prices increased 18.7 percent, but gasoline prices were down 3.8 percent.

 

All items less food and energy

The index for all items less food and energy increased 1.2 percent from the first half of 2013 to the second half of 2013. Among the index components, increases were recorded for recreation (4.6 percent), apparel (2.2 percent), other goods and services (1.2 percent), education and communication  (1.0 percent), household furnishings and operations (1.0 percent), shelter (0.9 percent), and medical care (0.9 percent).

Over the year, the index for all items less food and energy advanced 1.7 percent. Prices increased for apparel (3.5 percent), household furnishings and operations (2.5 percent), shelter (1.8 percent), medical care (1.7 percent), other goods and services (1.2 percent), education and communication (1.1 percent), and recreation (0.8 percent).

OOH Earnings Table Extraction Wizard - output frame
Table A. San Diego CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2008 2009 2010 2011 2012 2013
Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual

First Half

3.3 4.6 -0.5 -0.6 0.2 1.4 2.3 3.4 1.3 1.7 0.6 0.9

Second Half

-0.1 3.2 1.1 0.6 1.0 1.2 0.4 2.7 0.3 1.5 1.1 1.7

CPI-W

In the second half of 2013, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 247.236, up 0.9 percent. The CPI-W increased 1.7 percent over the year.

The first half of 2014 Consumer Price Index for San Diego is scheduled to be released on August 19th, 2014, at 10:00 a.m. (PST).

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 San Diego, CA metropolitan area covered in this release is comprised of San Diego County in the State of California.

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.

 

Please click here for a text formatted copy of the table issued with this release.

 

Last Modified Date: February 20, 2014