News Release Information

16-2203-PHI
Thursday, November 17, 2016

Contacts

Technical information:
Media contact:

Consumer Price Index, Philadelphia-Wilmington-Atlantic City – October 2016

Area prices up 0.6 percent since August and 1.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Wilmington-Atlantic City increased 0.6 percent over the last two months, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that the recent advance was led by an increase in the all items less food and energy index (0.7 percent); the energy index also increased (1.4 percent). The food index was unchanged since August.  (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U increased 1.3 percent. (See chart 1 and table A.) The advance was due almost entirely to a 1.7-percent increase in the all items less food and energy index. The energy index rose 0.5 percent, while the food index declined 0.8 percent over the year. (See table 1.)

Food

After increasing 0.2 percent from June to August, the food index was unchanged over the last two months. A slight increase in prices for food at home (0.1 percent) was offset by an equal decrease in prices for food away from home (-0.1 percent).

The food index decreased 0.8 percent over the year. Prices for food at home declined 2.2 percent, while those for food away from home increased 1.4 percent since last October.

Energy

The energy index, which includes prices for household and transportation fuels, advanced 1.4 percent since August. This was due almost entirely to higher prices for gasoline, up 4.7 percent over the last two months. Prices for utility (piped) gas service also increased since August, up 0.2 percent, while those for electricity declined, down 2.2 percent.

Over the year, energy prices rose 0.5 percent, the first 12-month increase for this index since July 2014. The increase was due mostly to a 2.7-percent advance in gasoline prices. Prices were lower for electricity and utility (piped) gas service, down 1.2 and 0.4 percent, respectively.

All items less food and energy

The index for all items less food and energy rose 0.7 percent from August to October. A seasonal advance in apparel prices (8.4 percent) and higher shelter prices (0.4 percent) were the main contributors to the two-month rise. Lower prices for used cars and trucks helped to moderate the increase in the all items less food and energy index since August.

Since October 2015, the index for all items less food and energy rose 1.7 percent. Prices were higher for a number of indexes including shelter (1.8 percent) and medical care (4.4 percent).  Lower prices for recreation (-1.3 percent), among others, moderated the 12-month increase in the all items less food and energy index.

Table A. Philadelphia CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

0.7 2.2 0.7 1.8 0.5 1.0 -0.2 -0.1 0.3 0.3

April

0.8 2.0 0.1 1.1 0.5 1.4 0.5 0.0 0.9 0.6

June

-0.2 1.3 0.3 1.5 0.6 1.8 0.8 0.2 0.3 0.1

August

0.9 1.4 0.5 1.1 0.0 1.3 -0.5 -0.3 -0.2 0.3

October

0.4 2.2 -0.4 0.3 -0.1 1.6 -0.3 -0.5 0.6 1.3

December

-0.9 1.8 0.1 1.2 -0.8 0.6 -0.6 -0.2    

The Consumer Price Index for December 2016 is scheduled to be released Wednesday, January 18, 2017 at 8:30 am (ET).


Technical Note

The Consumer Price Index for Philadelphia-Wilmington-Atlantic City is published bi-monthly. 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 approximately 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 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/pdf/homch17.pdf.

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 Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., Consolidated Metropolitan Statistical Area includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, and Salem Counties in New Jersey; New Castle County in Delaware; and Cecil County in Maryland.

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 and percent changes for selected periods, Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
 
Historical
data
Aug.
2016
Sep.
2016
Oct.
2016
Oct.
2015
Aug.
2016
Sep.
2016

All items

Jump to page with historical data
245.386   246.952 1.3 0.6  

All items (1967 = 100)

Jump to page with historical data
708.908   713.431      
 

Food and beverages

Jump to page with historical data
232.117   232.155 -0.4 0.0  

Food

Jump to page with historical data
231.905   231.922 -0.8 0.0  

Food at home

Jump to page with historical data
239.374 239.055 239.632 -2.2 0.1 0.2

Food away from home

Jump to page with historical data
216.406   216.105 1.4 -0.1  

Alcoholic beverages

Jump to page with historical data
231.635   231.929 3.8 0.1  
 

Housing

Jump to page with historical data
251.788   252.546 1.3 0.3  

Shelter

Jump to page with historical data
312.794 313.249 313.964 1.8 0.4 0.2

Rent of primary residence (1)

Jump to page with historical data
291.502 290.177 290.616 1.2 -0.3 0.2

Owners' equivalent rent of residences (1) (2) (3)

Jump to page with historical data
321.601 321.501 322.162 1.7 0.2 0.2

Owners' equivalent rent of primary residence (1) (2) (3)

Jump to page with historical data
321.601 321.501 322.162 1.7 0.2 0.2

Fuels and utilities

Jump to page with historical data
200.691   199.711 -0.3 -0.5  

Household energy

Jump to page with historical data
166.710 168.632 165.697 -0.8 -0.6 -1.7

Gas (piped) and electricity (1)

Jump to page with historical data
180.239 182.043 177.470 -0.8 -1.5 -2.5

Electricity (1)

Jump to page with historical data
192.226 194.369 187.918 -1.2 -2.2 -3.3

Utility (piped) gas service (1)

Jump to page with historical data
147.754 148.829 147.993 -0.4 0.2 -0.6

Household furnishings and operations

Jump to page with historical data
112.772   113.656 -0.9 0.8  
 

Apparel

Jump to page with historical data
109.611   118.777 5.1 8.4  
 

Transportation

Jump to page with historical data
198.639   201.027 1.9 1.2  

Private transportation

Jump to page with historical data
196.881   199.308 1.9 1.2  

Motor fuel

Jump to page with historical data
190.007 196.509 198.916 2.7 4.7 1.2

Gasoline (all types)

Jump to page with historical data
187.347 193.808 196.160 2.7 4.7 1.2

Gasoline, unleaded regular (4)

Jump to page with historical data
183.829 190.439 192.803 2.7 4.9 1.2

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
196.458 202.216 204.491 3.3 4.1 1.1

Gasoline, unleaded premium (4)

Jump to page with historical data
195.666 200.893 203.023 2.8 3.8 1.1
 

Medical care

Jump to page with historical data
512.994   513.147 4.4 0.0  
 

Recreation (6)

Jump to page with historical data
121.703   121.863 -1.3 0.1  
 

Education and communication (6)

Jump to page with historical data
133.611   133.979 -0.5 0.3  
 

Other goods and services

Jump to page with historical data
523.008   527.603 3.6 0.9  
 

Commodity and service group

 

Commodities

Jump to page with historical data
174.358   176.633 0.6 1.3  

Commodities less food and beverages

Jump to page with historical data
142.770   145.803 1.1 2.1  

Nondurables less food and beverages

Jump to page with historical data
177.947   184.871 3.6 3.9  

Durables

Jump to page with historical data
103.305   102.815 -2.2 -0.5  

Services

Jump to page with historical data
317.455   318.418 1.7 0.3  
 

Special aggregate indexes

 

All items less shelter

Jump to page with historical data
223.462   225.199 1.1 0.8  

All items less medical care

Jump to page with historical data
234.105   235.739 1.0 0.7  

Commodities less food

Jump to page with historical data
145.908   148.869 1.3 2.0  

Nondurables

Jump to page with historical data
205.779   209.668 1.6 1.9  

Nondurables less food

Jump to page with historical data
181.095   187.614 3.6 3.6  

Services less rent of shelter (2)

Jump to page with historical data
329.482   330.225 1.6 0.2  

Services less medical care services

Jump to page with historical data
302.947   303.975 1.6 0.3  

Energy

Jump to page with historical data
175.369 178.909 177.849 0.5 1.4 -0.6

All items less energy

Jump to page with historical data
254.952   256.430 1.4 0.6  

All items less food and energy

Jump to page with historical data
261.474   263.211 1.7 0.7  

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Indexes on a December 1982=100 base.
(3) This index series underwent a change in composition in January 2010. The expenditure class now includes weight from secondary residences, and has been re-titled "Owners' equivalent rent of residences." The item stratum "Owners' equivalent rent of primary residence" excludes secondary residences.
(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.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Thursday, November 17, 2016