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News Release Information

24-1157-SAN
Wednesday, June 12, 2024

Contacts Technical information: Media contact:
  • (415) 625-2270

Consumer Price Index, Los Angeles area — May 2024

Area prices were up 0.1 percent over the past month, up 3.9 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.1 percent in May, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the May increase was influenced by higher prices for shelter. (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 3.9 percent. (See chart 1 and table A.) Food prices rose 3.7 percent. Energy prices advanced 5.3 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy advanced 3.8 percent over the year. (See table 1.)

Food

Food prices rose 0.2 percent for the month of May. (See table 1.) Prices for food at home increased 0.6 percent, with higher prices in three of the six grocery categories. Prices for food away from home declined 0.2 percent for the same period.

Over the year, food prices rose 3.7 percent. Prices for food at home increased 3.2 percent since a year ago, led by higher prices for meats, poultry, fish, and eggs (8.9 percent). Prices for food away from home increased 4.4 percent.

Energy

The energy index fell 1.1 percent over the month. The decrease was mainly due to lower prices for gasoline (-2.9 percent). Prices for natural gas service advanced 8.7 percent, while prices for electricity were unchanged for the same period.

Energy prices advanced 5.3 percent over the year, largely due to higher prices for gasoline (6.7 percent). Prices paid for electricity increased 6.5 percent, while prices for natural gas service declined 8.1 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.2 percent in May. Higher prices for medical care (0.6 percent) and shelter (0.4 percent) were partially offset by lower prices for recreation (-1.8 percent) and household furnishings and operations (-1.3 percent).

Over the year, the index for all items less food and energy advanced 3.8 percent. Components contributing to the increase included shelter (5.5 percent) and medical care (4.0 percent). Partly offsetting the increases were price decreases in new and used motor vehicles (-2.0 percent), recreation (-1.8 percent), and household furnishings and operations (-1.6 percent).

Table A. Los Angeles-Long Beach-Anaheim, CA, CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.8 3.1 0.2 0.9 1.1 7.5 1.9 5.8 1.0 2.5

February

0.3 3.4 0.4 1.0 0.3 7.4 -0.3 5.1 0.5 3.4

March

-0.7 1.9 0.5 2.2 1.5 8.5 0.1 3.7 0.7 4.0

April

-0.3 0.7 1.1 3.6 0.5 7.9 0.7 3.8 0.6 3.9

May

0.4 0.9 0.6 3.9 0.8 8.0 0.1 3.2 0.1 3.9

June

0.5 1.4 0.6 4.0 1.1 8.6 0.5 2.5

July

0.6 1.9 0.6 3.9 -0.2 7.7 0.0 2.7

August

0.1 2.0 0.2 4.0 0.1 7.6 0.7 3.3

September

-0.3 1.2 0.3 4.6 0.5 7.8 0.3 3.2

October

0.2 0.7 0.9 5.4 0.6 7.5 -0.1 2.4

November

0.1 1.0 0.6 6.0 -0.8 6.0 -0.4 2.8

December

-0.2 1.5 0.4 6.6 -0.6 4.9 0.0 3.5

The June 2024 Consumer Price Index for the Los Angeles area is scheduled to be released on July 11, 2024.


Technical Note

The Consumer Price Index (CPI) is a measures 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 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 75 urban areas across the country from about 6,000 housing units and approximately 22,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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 Los Angeles-Long Beach-Anaheim, CA metropolitan area includes Los Angeles and Orange Counties in California.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Los Angeles-Long Beach-Anaheim (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Historical
data
Mar.
2024
Apr.
2024
May
2024
May
2023
Mar.
2024
Apr.
2024

Expenditure category

All items

330.671 332.572 332.956 3.9 0.7 0.1

All items (1967=100)

976.949 982.566 983.700 - - -

Food and beverages

334.781 337.613 338.302 3.4 1.1 0.2

Food

337.171 340.092 340.783 3.7 1.1 0.2

Food at home

322.081 322.600 324.389 3.2 0.7 0.6

Cereals and bakery products

348.307 346.088 343.760 -0.2 -1.3 -0.7

Meats, poultry, fish, and eggs

351.201 354.902 358.451 8.9 2.1 1.0

Dairy and related products

301.916 299.095 297.772 -2.6 -1.4 -0.4

Fruits and vegetables

417.339 420.401 424.752 2.2 1.8 1.0

Nonalcoholic beverages and beverage materials(1)

308.188 307.748 306.517 3.5 -0.5 -0.4

Other food at home

261.826 261.428 264.576 2.6 1.1 1.2

Food away from home

349.575 355.156 354.603 4.4 1.4 -0.2

Alcoholic beverages

279.886 281.200 281.818 -0.6 0.7 0.2

Housing

379.848 380.319 381.402 4.8 0.4 0.3

Shelter

435.247 437.090 438.671 5.5 0.8 0.4

Rent of primary residence(2)

458.184 460.739 462.776 4.7 1.0 0.4

Owners' equiv. rent of residences(2)(3)

452.337 454.312 454.458 5.6 0.5 0.0

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

452.311 454.286 454.432 5.6 0.5 0.0

Fuels and utilities

483.838 468.149 473.671 3.9 -2.1 1.2

Household energy

428.805 409.116 416.045 3.2 -3.0 1.7

Energy services(2)

427.220 407.423 414.487 3.2 -3.0 1.7

Electricity(2)

506.647 498.648 498.493 6.5 -1.6 0.0

Utility (piped) gas service(2)

306.737 260.717 283.320 -8.1 -7.6 8.7

Household furnishings and operations

131.272 131.252 129.515 -1.6 -1.3 -1.3

Apparel

124.614 123.045 122.459 1.5 -1.7 -0.5

Transportation

273.722 280.141 278.824 5.5 1.9 -0.5

Private transportation

274.883 280.347 278.512 5.0 1.3 -0.7

New and used motor vehicles(4)

111.055 110.866 111.381 -2.0 0.3 0.5

New vehicles(1)

192.873 192.628 191.985 -2.2 -0.5 -0.3

Used cars and trucks(1)

346.106 346.094 348.271 -8.8 0.6 0.6

Motor fuel

376.610 403.464 391.911 6.6 4.1 -2.9

Gasoline (all types)

367.031 393.569 382.348 6.7 4.2 -2.9

Gasoline, unleaded regular(4)

367.668 394.624 383.079 6.8 4.2 -2.9

Gasoline, unleaded midgrade(4)(5)

350.968 375.568 365.426 6.5 4.1 -2.7

Gasoline, unleaded premium(4)

352.023 376.231 366.493 6.7 4.1 -2.6

Medical care

570.845 575.116 578.777 4.0 1.4 0.6

Recreation(6)

122.603 123.111 120.891 -1.8 -1.4 -1.8

Education and communication(6)

159.727 159.468 159.971 1.7 0.2 0.3

Tuition, other school fees, and child care(1)

2,286.262 2,283.871 2,297.171 2.8 0.5 0.6

Other goods and services

529.482 535.089 542.404 1.5 2.4 1.4

Commodity and service group

All items

330.671 332.572 332.956 3.9 0.7 0.1

Commodities

218.184 220.459 219.639 1.0 0.7 -0.4

Commodities less food & beverages

160.586 162.528 161.133 -0.4 0.3 -0.9

Nondurables less food & beverages

226.103 231.787 229.122 2.0 1.3 -1.1

Durables

100.678 100.254 99.770 -3.4 -0.9 -0.5

Services

430.886 432.386 433.914 5.4 0.7 0.4

Special aggregate indexes

All items less medical care

320.097 321.901 322.161 3.9 0.6 0.1

All items less shelter

284.361 286.310 286.127 2.8 0.6 -0.1

Commodities less food

165.807 167.762 166.396 -0.4 0.4 -0.8

Nondurables

281.534 285.776 284.811 2.7 1.2 -0.3

Nondurables less food

232.370 237.869 235.364 1.8 1.3 -1.1

Services less rent of shelter(3)

436.505 437.676 439.147 5.4 0.6 0.3

Services less medical care services

416.579 417.923 419.464 5.5 0.7 0.4

Energy

399.743 408.314 404.015 5.3 1.1 -1.1

All items less energy

328.712 330.275 330.905 3.8 0.7 0.2

All items less food and energy

327.366 328.694 329.313 3.8 0.6 0.2

Footnotes
(1) Indexes on a December 1977=100 base.
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Indexes on a December 1982=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) Indexes on a December 1997=100 base.

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

 

Last Modified Date: Wednesday, June 12, 2024