First rise in consumer durables prices since 1996

May 03, 2005

Durable commodities prices paid by consumers increased 0.4 percent in 2004, after decreasing 4.3 percent in 2003. The 2004 advance was the first increase in durables prices since 1996.

Annual change in the Consumer Price Index for durables, 1995-2004
[Chart data—TXT]

Durables include items such as vehicles, furniture and bedding, and computers.

Used car and truck prices rose 4.8 percent in 2004, after decreasing 11.8 percent in 2003. Prices of leased cars and trucks decreased 4.2 percent in 2004, following an 11.8-percent decrease in the prior year. New vehicle prices increased 0.6 percent in 2004, the first increase since 1996.

Furniture and bedding prices declined 0.2 percent in 2004. Prices for personal computers and peripheral equipment dropped by 14.2 percent.

These data are from the BLS Consumer Price Index program. Annual percent changes are December-to-December changes. For additional information on consumer price changes in 2004, see "Consumer price index, 2004," by Todd Wilson, Monthly Labor Review, April 2005.

SUGGESTED CITATION

Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, First rise in consumer durables prices since 1996 on the Internet at http://www.bls.gov/opub/ted/2005/may/wk1/art02.htm (visited July 29, 2016).

OF INTEREST

Recent editions of Spotlight on Statistics

  • A look at healthcare spending, employment, pay, benefits, and prices
    As one of the largest U.S. industries, healthcare is steadily growing to meet the needs of an increasing population with an increasing life expectancy. This Spotlight looks at how much people spend on healthcare, current and projected employment in the industry, employer-provided healthcare benefits, healthcare prices, and pay for workers in healthcare occupations.

  • Employment and Wages in Healthcare Occupations
    Healthcare occupations are a significant percentage of U.S. employment. Some of the largest and highest paying occupations are in healthcare. This Spotlight examines employment and wages for healthcare occupations.

  • Fifty years of looking at changes in peoples lives
    Longitudinal surveys help us understand long-term changes, such as how events that happened when a person was in high school affect labor market success as an adult.