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16-1999-CHI
Tuesday, October 18, 2016

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Consumer Price Index, Cleveland-Akron-Lorain — September 2016

Local prices up 0.3 percent over the year

The Cleveland-Akron, Ohio, Consumer Price Index for All Urban Consumers (CPI-U) declined 0.5 percent from July to September, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that energy costs fell 2.4 percent and food prices were down 0.2 percent over the bi-monthly period. The index for all items less food and energy declined 0.4 percent over the past two months. Within this last category, costs were lower for shelter, recreation, and education and communication over the two-month period. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the past 12 months the Cleveland area all items CPI-U rose 0.3 percent. (See chart 1 and table A.) The energy index fell 6.5 percent over the year as prices declined for gasoline and electricity. The all items less food and energy index was 1.2 percent higher over the past 12 months. (See table 1.)

 

Food

Food prices were down 0.2 percent from July to September following a 0.3-percent increase over the previous bi-monthly period. Between the food index’s two components, prices for food at home (groceries) declined 0.5 percent, while prices for food away from home (restaurant, cafeteria, and vending purchases) were up 0.3 percent over the recent two-month period.

Over the year, overall food prices were 0.9 percent lower. Prices for food at home fell 2.8 percent and food away from home prices rose 2.0 percent.

Energy

The energy index fell 2.4 percent from July to September following a 4.3-percent decrease over the previous bi-monthly period. In the current period, declines in the indexes for electricity (-6.3 percent) and gasoline (-4.8 percent) were contributing factors. Utility (piped) gas service costs were up 12.4 percent from July to September.

Over the year, the energy index fell 6.5 percent due to annual declines in the indexes for gasoline (-7.9 percent) and electricity (-8.8 percent). The utility (piped) gas service index rose 1.6 percent over the year.

All items less food and energy

The index for all items less food and energy declined 0.4 percent from July to September. Among the index’s components, prices were lower for shelter (-1.1 percent), recreation (-0.8 percent), and education and communication (-0.7 percent).

Over the year, the index for all items less food and energy rose 1.2 percent. Annual increases in the indexes for shelter (2.7 percent), medical care (7.4 percent), and other goods and services (2.1 percent) were major contributing factors.

Table A. Cleveland 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

January

0.4 2.1 0.2 1.5 0.3 1.1 -0.7 0.5 -0.1 0.1

March

1.3 2.6 0.9 1.0 1.6 1.9 0.9 -0.2 0.5 -0.2

May

-0.1 1.1 0.4 1.5 0.2 1.7 0.4 -0.1 0.9 0.3

July

0.0 1.4 0.7 2.2 0.5 1.4 0.9 0.4 0.0 -0.6

September

1.0 1.8 -0.4 0.7 -0.5 1.3 -1.4 -0.4 -0.5 0.3

November

-1.0 1.6 -0.7 1.0 -0.6 1.5 -0.5 -0.4    

The November 2016 Consumer Price Index for Cleveland is scheduled to be released on Thursday, December 15, 2016.


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/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 Cleveland-Akron, Ohio consolidated area covered in this release is comprised of Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Medina, Portage, and Summit Counties in Ohio.

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

Cleveland-Akron, OH (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Jul.
2016
Aug.
2016
Sep.
2016
Sep.
2015
Jul.
2016
Aug.
2016

Expenditure category

 
 

All items

222.010 - 220.963 0.3 -0.5 -

All items (1967=100)

711.425 - 708.071 - - -

Food and beverages

249.918 - 249.587 -0.7 -0.1 -

Food

254.788 - 254.365 -0.9 -0.2 -

Food at home

243.604 243.378 242.376 -2.8 -0.5 -0.4

Food away from home

275.442 - 276.360 2.0 0.3 -

Alcoholic beverages

194.822 - 195.339 2.2 0.3 -

Housing

207.335 - 205.611 1.3 -0.8 -

Shelter

244.462 243.773 241.749 2.7 -1.1 -0.8

Rent of primary residence (1)

237.346 238.370 238.889 2.0 0.7 0.2

Owners' equiv. rent of residences (1) (2)

234.057 234.893 235.504 2.7 0.6 0.3

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

234.057 234.893 235.504 2.7 0.6 0.3

Fuels and utilities

181.586 - 181.138 -3.6 -0.2 -

Household energy

146.071 153.189 145.590 -5.2 -0.3 -5.0

Energy services (1)

144.622 151.859 144.226 -5.3 -0.3 -5.0

Electricity (1)

165.642 165.282 155.186 -8.8 -6.3 -6.1

Utility (piped) gas service (1)

101.712 117.950 114.327 1.6 12.4 -3.1

Household furnishings and operations

115.588 - 116.120 -1.7 0.5 -

Apparel

132.016 - 135.889 -2.0 2.9 -

Transportation

193.699 - 187.475 -4.3 -3.2 -

Private transportation

194.320 - 187.666 -4.9 -3.4 -

Motor fuel

227.229 215.827 216.317 -7.9 -4.8 0.2

Gasoline (all types)

224.835 213.527 214.008 -7.9 -4.8 0.2

Gasoline, unleaded regular (3)

211.987 200.718 201.201 -8.9 -5.1 0.2

Gasoline, unleaded midgrade (3) (4)

242.501 230.894 231.768 -5.9 -4.4 0.4

Gasoline, unleaded premium (3)

245.776 237.438 237.148 -3.7 -3.5 -0.1

Medical care

422.788 - 438.283 7.4 3.7 -

Recreation (5)

119.791 - 118.778 0.8 -0.8 -

Education and communication (5)

127.222 - 126.301 0.2 -0.7 -

Other goods and services

409.826 - 420.835 2.1 2.7 -
 

Commodity and service group

 
 

All items

222.010 - 220.963 0.3 -0.5 -

Commodities

187.142 - 187.946 -1.0 0.4 -

Commodities less food & beverages

155.616 - 156.970 -1.0 0.9 -

Nondurables less food & beverages

198.720 - 203.973 0.5 2.6 -

Durables

108.578 - 106.982 -3.0 -1.5 -

Services

257.271 - 254.478 1.2 -1.1 -
 

Special aggregate indexes

 
 

All items less medical care

212.805 - 210.985 -0.3 -0.9 -

All items less shelter

215.273 - 214.824 -0.7 -0.2 -

Commodities less food

157.158 - 158.471 -0.9 0.8 -

Nondurables

224.456 - 226.781 -0.4 1.0 -

Nondurables less food

198.069 - 202.851 0.4 2.4 -

Services less rent of shelter (2)

276.664 - 273.613 -0.2 -1.1 -

Services less medical care services

244.720 - 241.547 0.9 -1.3 -

Energy

177.213 177.784 172.983 -6.5 -2.4 -2.7

All items less energy

228.425 - 227.662 0.8 -0.3 -

All items less food and energy

224.018 - 223.189 1.2 -0.4 -

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) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) 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: Tuesday, October 18, 2016