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15-1597-KAN
Wednesday, August 19, 2015

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Consumer Price Index, St. Louis – First Half 2015

Prices decreased 0.9 percent from the first half of 2014 to the first half of 2015

The Consumer Price Index for All Urban Consumers (CPI-U) for the St. Louis, Mo.-Ill., metropolitan area declined 0.9 percent from the first half of 2014 to the first half of 2015, the U.S. Bureau of Labor Statistics reported today. This is the first over-the-year decrease in the all items index since 2009. Regional Commissioner Stanley W. Suchman noted that the energy index had the largest downward impact on the index. Energy costs fell 16.1 percent, food prices advanced 1.5 percent, and the all items less food and energy index rose 0.6 percent over the year.

 Chart 1. Over-the-year percent change in CPI-U, St. Louis, first half 2012-first half 2015

Food

Food prices rose 1.5 percent from the first half of 2014 to the first half of 2015 led by a 3.9-percent rise in costs for food away from home. Prices for food at home also contributed to the increase with a gain of 0.3 percent. During the same period one year ago, these indexes rose 4.1 and 4.0 percent, respectively.

Energy

The energy index, which includes motor fuel and household fuels, decreased 16.1 percent from the first half of 2014 to the first half of 2015, after registering a 0.4-percent decline in the same period one year ago. Falling prices for motor fuel (-29.7 percent), most of which occurred in the most recent six months of the period, were largely responsible for lower energy costs. The index for utility (piped) gas service, down 1.6 percent, also contributed to the decrease. In contrast, prices for electricity advanced 5.2 percent over the year.

All items less food and energy

The index for all items less food and energy rose 0.6 percent from the first half of 2014 to the first half of 2015, the smallest over-the-year gain since 2006. Among the expenditure categories posting higher costs were shelter (1.5 percent) and medical care (1.6 percent). In contrast, the indexes for apparel (-1.1 percent) and household furnishings and operations (-0.9 percent) were among the components that registered lower prices over the year.

The St. Louis CPI-U stood at 218.543 for the first half of 2015. This means that a market basket of goods and services that cost $100.00 in the 1982-84 base period cost $218.54 in the first half of 2015. Because metropolitan area CPI data are not adjusted for seasonal price variation, consumers and businesses should be cautious in drawing conclusions about long-term retail price trends from short-term changes in the metropolitan area indexes.

CPI-W

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the St. Louis, Mo.-Ill., metropolitan area for the first half of 2015 was 217.378. The CPI-W decreased 1.2 percent from the first half of 2014 to the first half of 2015.

The Consumer Price Index for the Second Half of 2015 is scheduled to be released in January 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 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 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/homch17_a.htm.

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 areas; they only measure the average change in prices for each area since the base period.

The St. Louis, Mo.-Ill., area covered in this release includes Clinton, Jersey, Madison, Monroe, and St. Clair Counties in Illinois; and Crawford (part), Franklin, Jefferson, Lincoln, St. Charles, St. Louis, and Warren Counties and St. Louis City in Missouri.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

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

St. Louis, MO-IL (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
1st half 2015 from-
1st half
2014
2nd half
2014
1st half
2015
1st half
2014
2nd half
2014

Expenditure category

 
 

All Items

220.440 219.994 218.543 -0.9 -0.7

All items (1967=100)

654.744 653.419 649.109    

Food and beverages

243.849 245.947 246.906 1.3 0.4

Food

242.699 244.783 246.281 1.5 0.6

Food at home

230.201 231.083 230.911 0.3 -0.1

Food away from home

261.371 266.488 271.495 3.9 1.9

Alcoholic beverages

232.535 234.548 228.032 -1.9 -2.8

Housing

205.896 208.167 208.155 1.1 0.0

Shelter

236.697 238.199 240.275 1.5 0.9

Rent of primary residence (1)

214.555 215.472 218.026 1.6 1.2

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

244.529 247.253 248.729 1.7 0.6

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

244.529 247.253 248.729 1.7 0.6

Fuels and utilities

207.060 216.335 207.325 0.1 -4.2

Household energy

184.906 203.050 187.706 1.5 -7.6

Energy services (1)

186.231 206.746 191.633 2.9 -7.3

Electricity (1)

186.446 216.266 196.229 5.2 -9.3

Utility (piped) gas service (1)

158.443 160.894 155.966 -1.6 -3.1

Household furnishings and operations

124.060 123.328 122.936 -0.9 -0.3

Apparel

154.377 152.919 152.607 -1.1 -0.2

Transportation

205.429 196.580 186.351 -9.3 -5.2

Private transportation

204.930 196.615 185.532 -9.5 -5.6

Motor fuel

325.137 284.676 228.602 -29.7 -19.7

Gasoline (all types)

319.708 279.782 224.821 -29.7 -19.6

Gasoline, unleaded regular (3)

311.496 272.066 217.906 -30.0 -19.9

Gasoline, unleaded midgrade (3) (4)

366.468 322.183 260.957 -28.8 -19.0

Gasoline, unleaded premium (3)

307.870 272.622 223.376 -27.4 -18.1

Medical Care

393.188 397.113 399.380 1.6 0.6

Recreation (5)

117.052 115.898 117.536 0.4 1.4

Education and communication (5)

139.373 139.194 139.860 0.3 0.5

Other goods and services

310.630 309.398 308.338 -0.7 -0.3
 

Commodity and Service Group

 
 

All Items

220.440 219.994 218.543 -0.9 -0.7

Commodities

193.181 190.242 186.043 -3.7 -2.2

Commodities less food & beverages

166.671 161.572 155.198 -6.9 -3.9

Nondurables less food & beverages

230.786 220.749 207.564 -10.1 -6.0

Durables

108.635 107.543 106.677 -1.8 -0.8

Services

249.655 251.576 252.726 1.2 0.5
 

Special aggregate indexes:

 
 

All items less medical care

211.865 211.188 209.540 -1.1 -0.8

All items less shelter

216.817 215.563 212.836 -1.8 -1.3

Commodities less food

169.872 164.944 158.516 -6.7 -3.9

Nondurables

237.726 233.736 227.570 -4.3 -2.6

Nondurables less food

232.375 223.047 210.198 -9.5 -5.8

Services less rent of shelter (2)

269.835 272.130 272.415 1.0 0.1

Services less medical care services

236.538 238.360 239.336 1.2 0.4

Energy

245.934 239.112 206.259 -16.1 -13.7

All items less energy

220.869 221.537 222.594 0.8 0.5

All items less food and energy

217.354 217.761 218.738 0.6 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 November 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.
 

Table 2. Consumer Price Index for Wage Earners and Clerical Workers (CPI-W): Indexes for semiannual averages and percent changes for selected periods

St. Louis, MO-IL (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
1st half 2015 from-
1st half
2014
2nd half
2014
1st half
2015
1st half
2014
2nd half
2014

Expenditure category

 
 

All Items

220.003 219.353 217.378 -1.2 -0.9

All items (1967=100)

647.262 645.349 639.536    

Food and beverages

244.628 247.695 248.840 1.7 0.5

Food

244.206 247.326 248.874 1.9 0.6

Food at home

231.907 234.247 234.541 1.1 0.1

Food away from home

261.850 267.355 272.137 3.9 1.8

Alcoholic beverages

223.788 225.698 220.780 -1.3 -2.2

Housing

208.531 211.041 210.898 1.1 -0.1

Shelter

237.305 238.999 241.044 1.6 0.9

Rent of primary residence (1)

214.555 215.472 218.026 1.6 1.2

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

224.024 226.519 227.871 1.7 0.6

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

224.024 226.519 227.871 1.7 0.6

Fuels and utilities

210.633 220.702 211.486 0.4 -4.2

Household energy

186.650 206.149 190.492 2.1 -7.6

Energy services (1)

189.533 210.884 195.253 3.0 -7.4

Electricity (1)

186.445 216.264 196.228 5.2 -9.3

Utility (piped) gas service (1)

158.444 160.895 155.967 -1.6 -3.1

Household furnishings and operations

116.720 115.333 115.077 -1.4 -0.2

Apparel

152.146 149.043 147.737 -2.9 -0.9

Transportation

209.914 200.730 189.723 -9.6 -5.5

Private transportation

208.694 199.750 188.382 -9.7 -5.7

Motor fuel

325.120 284.719 228.574 -29.7 -19.7

Gasoline (all types)

319.709 279.783 224.822 -29.7 -19.6

Gasoline, unleaded regular (3)

311.481 272.054 217.895 -30.0 -19.9

Gasoline, unleaded midgrade (3) (4)

366.468 322.183 260.957 -28.8 -19.0

Gasoline, unleaded premium (3)

307.885 272.635 223.387 -27.4 -18.1

Medical Care

395.545 399.388 401.564 1.5 0.5

Recreation (5)

119.941 118.548 120.230 0.2 1.4

Education and communication (5)

132.432 132.548 133.124 0.5 0.4

Other goods and services

323.076 324.182 325.548 0.8 0.4
 

Commodity and Service Group

 
 

All Items

220.003 219.353 217.378 -1.2 -0.9

Commodities

197.656 194.331 189.566 -4.1 -2.5

Commodities less food & beverages

173.455 167.308 159.973 -7.8 -4.4

Nondurables less food & beverages

233.828 220.907 205.189 -12.2 -7.1

Durables

116.813 115.990 115.249 -1.3 -0.6

Services

247.790 250.094 251.190 1.4 0.4
 

Special aggregate indexes:

 
 

All items less medical care

212.775 211.951 209.817 -1.4 -1.0

All items less shelter

215.809 214.332 211.025 -2.2 -1.5

Commodities less food

175.908 169.950 162.637 -7.5 -4.3

Nondurables

238.565 233.771 226.598 -5.0 -3.1

Nondurables less food

234.098 222.045 206.927 -11.6 -6.8

Services less rent of shelter (2)

248.072 250.894 251.031 1.2 0.1

Services less medical care services

235.090 237.333 238.280 1.4 0.4

Energy

248.343 239.587 205.283 -17.3 -14.3

All items less energy

219.145 219.994 221.083 0.9 0.5

All items less food and energy

214.009 214.384 215.377 0.6 0.5

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 November 1984=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.
 

 

Last Modified Date: Wednesday, August 19, 2015