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18-12-SAN
Friday, January 12, 2018

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Consumer Price Index, Honolulu – Second Half 2017

Area prices were up 0.9 percent over the past six months, up 2.5 percent from a year ago

Prices in the Honolulu Area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.9 percent in the second half of 2017, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that this latest six-month increase was influenced by higher prices for shelter and food. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U rose 2.5 percent.  (See chart 1 and table A.) Energy prices increased 7.7 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy advanced 2.1 percent over the year. (See table 1.)

Food

Food prices increased 1.8 percent in the second half of 2017. (See table 1.) Prices for food away from home increased 2.1 percent, and prices for food at home increased 1.4 percent for the same period.

Over the year, food prices increased 3.0 percent. Prices for food at home increased 3.3 percent since a year ago, and prices for food away from home moved up 2.7 percent.

Energy

The energy index increased 0.6 percent since the first half of 2017. The increase was mainly due to higher prices for gasoline (1.5 percent). Prices for natural gas service increased 0.2 percent, but prices for electricity decreased 0.5 percent for the same period.

Energy prices advanced 7.7 percent over the year, largely due to higher prices for gasoline (10.0 percent). Prices paid for electricity advanced 5.9 percent, and prices for natural gas service moved up 5.5 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.8 percent in the latest six-month period. Higher prices for shelter (1.8 percent) and medical care (1.1 percent) were partially offset by lower prices for household furnishings and operations (-3.2 percent) and apparel (-2.4 percent).

Over the year, the index for all items less food and energy advanced 2.1 percent. Components contributing to the increase included shelter (4.1 percent), medical care (2.0 percent), and apparel (1.5 percent). Partly offsetting the increases were price declines in education and communication (-3.6 percent) and household furnishings and operations (-2.5 percent).

Table A. Honolulu CPI-U semi-annual and annual percent changes (not seasonally adjusted)
Month 2012 2013 2014 2015 2016 2017
Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual

First Half

1.3 2.8 1.2 1.8 0.5 1.1 -0.5 0.7 0.6 2.4 1.6 2.5

Second Half

0.7 2.0 0.6 1.7 1.3 1.8 1.8 1.3 0.9 1.5 0.9 2.5

The January 2018 Consumer Price Index for the Honolulu area is scheduled to be released February 14, 2018.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). This index will change to a bimonthly publication schedule beginning in January, 2018. The first indexes using the new structure will be published in February 2018. Additional information on the geographic revision is available at: www.bls.gov/cpi/georevision2018.htm.


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 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 6,000 housing units and approximately 24,000 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 Honolulu metropolitan area covered in this release consists of Oahu County in the State of Hawaii.

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 semiannual averages and percent changes for selected periods

Honolulu, HI (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2017 from-
2nd half
2016
1st half
2017
2nd half
2017
2nd half
2016
1st half
2017

Expenditure category

 
 

All items

266.528 270.738 273.290 2.5 0.9

All items (1967=100)

733.744 745.335 752.360 - -

Food and beverages

271.712 275.042 279.560 2.9 1.6

Food

272.564 275.787 280.616 3.0 1.8

Food at home

266.448 271.384 275.122 3.3 1.4

Food away from home

273.281 274.707 280.542 2.7 2.1

Alcoholic beverages

255.752 261.220 259.531 1.5 -0.6

Housing

286.052 292.629 296.390 3.6 1.3

Shelter

312.050 319.154 324.880 4.1 1.8

Rent of primary residence

305.525 311.278 316.129 3.5 1.6

Owners' equiv. rent of residences(1)

323.762 331.757 338.560 4.6 2.1

Owners' equiv. rent of primary residence(1)

323.762 331.757 338.560 4.6 2.1

Fuels and utilities

322.866 334.583 334.083 3.5 -0.1

Household energy

249.006 264.000 263.159 5.7 -0.3

Energy services

244.282 259.724 258.524 5.8 -0.5

Electricity

242.151 257.634 256.327 5.9 -0.5

Utility (piped) gas service

239.650 252.148 252.741 5.5 0.2

Household furnishings and operations

147.588 148.676 143.874 -2.5 -3.2

Apparel

112.703 117.145 114.379 1.5 -2.4

Transportation

212.573 216.836 218.455 2.8 0.7

Private transportation

204.688 211.293 215.240 5.2 1.9

Motor fuel

208.672 226.015 229.494 10.0 1.5

Gasoline (all types)

214.041 231.836 235.408 10.0 1.5

Gasoline, unleaded regular(2)

224.402 242.707 246.122 9.7 1.4

Gasoline, unleaded midgrade(2)(3)

171.959 188.020 191.947 11.6 2.1

Gasoline, unleaded premium(2)

192.393 209.728 214.345 11.4 2.2

Medical care

401.624 405.254 409.514 2.0 1.1

Recreation(4)

125.288 125.662 125.900 0.5 0.2

Education and communication(4)

149.465 144.769 144.051 -3.6 -0.5

Other goods and services

485.863 489.868 488.111 0.5 -0.4
 

Commodity and service group

 
 

All Items

266.528 270.738 273.290 2.5 0.9

Commodities

197.708 201.434 202.536 2.4 0.5

Commodities less food & beverages

152.497 156.532 155.435 1.9 -0.7

Nondurables less food & beverages

187.833 194.327 192.994 2.7 -0.7

Durables

113.241 114.473 113.636 0.3 -0.7

Services

326.461 330.994 334.938 2.6 1.2
 

Special aggregate indexes

 
 

All items less medical care

259.247 263.484 265.944 2.6 0.9

All items less shelter

246.799 249.726 250.864 1.6 0.5

Commodities less food

156.403 160.502 159.382 1.9 -0.7

Nondurables

231.292 235.999 237.854 2.8 0.8

Nondurables less food

192.057 198.512 197.156 2.7 -0.7

Services less rent of shelter(1)

344.221 344.566 345.578 0.4 0.3

Services less medical care services

318.617 323.417 327.338 2.7 1.2

Energy

225.380 241.406 242.794 7.7 0.6

All items less energy

270.761 274.341 276.976 2.3 1.0

All items less food and energy

272.237 275.934 278.019 2.1 0.8

Footnotes
(1) Index is on a December 1982=100 base.
(2) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.
(4) Indexes on a December 1997=100 base.
 

- Data not available.
 

 

Last Modified Date: Friday, January 12, 2018