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News Release Information

24-994-SAN
Wednesday, May 15, 2024

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

Consumer Price Index, San Francisco Area — April 2024

Area prices were up 1.8 percent over the past two months, up 3.8 percent from a year ago

Prices in the San Francisco area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.8 percent for the two months ending in April 2024, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the April increase was influenced by higher prices for shelter and 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 3.8 percent. (See chart 1 and table A.) Food prices advanced 3.1 percent. Energy prices advanced 18.0 percent, largely the result of an increase in the price of electricity. The index for all items less food and energy increased 3.1 percent over the year. (See table 1.)

Chart 1. Over-the-year percent change in CPI-U, San Francisco, April 2021-April 2024
Food

Food prices were unchanged for the two months ending in April. (See table 1.) Prices for food at home decreased 0.9 percent, with lower prices in four of the six grocery categories. Prices for food away from home advanced 1.1 percent for the same period.

Over the year, food prices advanced 3.1 percent. Prices for food at home increased 2.5 percent since a year ago, led by higher prices for nonalcoholic beverages and beverage materials (12.1 percent). Prices for food away from home increased 4.4 percent.

Energy

The energy index rose 8.5 percent for the two months ending in April. The increase was mainly due to higher prices for gasoline (20.1 percent). Prices for electricity rose 0.3 percent, while prices for natural gas service decreased 15.8 percent for the same period.

Energy prices advanced 18.0 percent over the year, largely due to higher prices for electricity (24.4 percent). Prices paid for natural gas service advanced 14.7 percent, and prices for gasoline advanced 12.2 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 1.7 percent in the latest two-month period. Higher prices for apparel (13.3 percent) and shelter (1.7 percent) were partially offset by lower prices for recreation (-0.8 percent).

Over the year, the index for all items less food and energy increased 3.1 percent. Components contributing to the increase included apparel (13.2 percent) and shelter (2.9 percent). Partly offsetting the increases was a price decrease in new and used motor vehicles (-1.5 percent).

Table A. San Francisco-Oakland-Hayward, CA, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

0.9 2.9 0.5 1.6 1.4 5.2 1.8 5.3 1.5 2.4

April

-0.5 1.1 1.7 3.8 1.5 5.0 0.4 4.2 1.8 3.8

June

0.7 1.6 0.0 3.2 1.7 6.8 0.5 2.9

August

0.0 1.6 0.5 3.7 -0.5 5.7 0.0 3.4

October

0.5 1.1 0.7 3.8 1.0 6.0 0.3 2.8

December

0.4 2.0 0.8 4.2 -0.3 4.9 -0.4 2.6

The June 2024 Consumer Price Index for the San Francisco 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 San Francisco-Oakland-Hayward, CA. metropolitan area covered in this release is comprised of Alameda, Contra Costa, Marin, San Francisco, San Mateo Counties in the State of California.

Information in this release will be made available to individuals with sensory impairments 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

San Francisco-Oakland-Hayward, CA (1982-84=100 unless otherwise noted)
Item and Group

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

Expenditure category

All items

345.151 - 351.247 3.8 1.8 -

All items (1967=100)

1,061.089 - 1,079.830 - - -

Food and beverages

369.175 - 369.070 3.5 0.0 -

Food

372.025 - 371.953 3.1 0.0 -

Food at home

337.705 335.599 334.687 2.5 -0.9 -0.3

Cereals and bakery products

341.261 335.455 338.361 4.1 -0.8 0.9

Meats, poultry, fish, and eggs

352.233 355.660 352.382 1.3 0.0 -0.9

Dairy and related products

332.577 336.841 342.013 3.0 2.8 1.5

Fruits and vegetables

436.079 439.412 428.608 -0.3 -1.7 -2.5

Nonalcoholic beverages and beverage materials(1)

261.332 247.089 253.426 12.1 -3.0 2.6

Other food at home

295.399 293.820 292.229 1.4 -1.1 -0.5

Food away from home

413.574 - 418.167 4.4 1.1 -

Alcoholic beverages

336.159 - 335.512 7.6 -0.2 -

Housing

400.750 - 406.337 3.6 1.4 -

Shelter

443.865 447.747 451.395 2.9 1.7 0.8

Rent of primary residence(2)

503.938 506.000 504.927 2.1 0.2 -0.2

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

475.570 476.261 477.504 1.5 0.4 0.3

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

475.570 476.261 477.504 1.5 0.4 0.3

Fuels and utilities

646.485 - 632.424 16.1 -2.2 -

Household energy

634.527 621.674 612.395 22.9 -3.5 -1.5

Energy services(2)

639.406 626.248 616.600 23.4 -3.6 -1.5

Electricity(2)

728.997 730.759 731.389 24.4 0.3 0.1

Utility (piped) gas service(2)

476.774 432.650 401.648 14.7 -15.8 -7.2

Household furnishings and operations

172.101 - 174.413 0.8 1.3 -

Apparel

112.180 - 127.051 13.2 13.3 -

Transportation

256.537 - 270.807 6.4 5.6 -

Private transportation

254.169 - 268.135 5.7 5.5 -

New and used motor vehicles(4)

118.298 - 120.198 -1.5 1.6 -

New vehicles(1)

193.419 - 192.662 -1.8 -0.4 -

Used cars and trucks(1)

325.453 - 327.027 -6.4 0.5 -

Motor fuel

331.815 359.973 397.919 12.1 19.9 10.5

Gasoline (all types)

329.546 357.710 395.754 12.2 20.1 10.6

Gasoline, unleaded regular(4)

328.983 357.618 396.228 12.3 20.4 10.8

Gasoline, unleaded midgrade(4)(5)

308.411 333.917 368.506 12.0 19.5 10.4

Gasoline, unleaded premium(4)

314.537 339.665 373.861 12.0 18.9 10.1

Medical care

586.760 - 587.011 0.6 0.0 -

Recreation(6)

149.805 - 148.629 2.8 -0.8 -

Education and communication(6)

161.437 - 163.130 1.9 1.0 -

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

1,951.663 - 1,966.792 - 0.8 -

Other goods and services

617.911 - 626.628 4.2 1.4 -

Commodity and service group

All items

345.151 - 351.247 3.8 1.8 -

Commodities

231.401 - 238.131 2.0 2.9 -

Commodities less food & beverages

161.576 - 170.688 1.6 5.6 -

Nondurables less food & beverages

213.382 - 233.034 5.3 9.2 -

Durables

112.659 - 114.414 -2.5 1.6 -

Services

441.194 - 446.721 4.6 1.3 -

Special aggregate indexes

All items less medical care

335.127 - 341.467 4.0 1.9 -

All items less shelter

306.843 - 312.421 4.4 1.8 -

Commodities less food

169.056 - 178.134 1.9 5.4 -

Nondurables

292.666 - 302.437 4.0 3.3 -

Nondurables less food

222.891 - 241.671 5.7 8.4 -

Services less rent of shelter(3)

464.780 - 467.275 7.6 0.5 -

Services less medical care services

430.366 - 436.347 4.8 1.4 -

Energy

449.829 464.887 487.966 18.0 8.5 5.0

All items less energy

344.555 - 349.467 3.1 1.4 -

All items less food and energy

341.209 - 346.935 3.1 1.7 -

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, May 15, 2024