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16-1171-DAL
Thursday, June 16, 2016

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Consumer Price Index, Dallas-Fort Worth — May 2016

Area prices rise 0.8 percent in April and May; up 1.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth rose 0.8 percent in April and May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that a 5.9-percent increase in energy costs and a 0.6-percent rise in the index for all items less food and energy were nearly equal contributors to the bimonthly advance; food prices were unchanged during the period. (Data in this report are not seasonally adjusted. Accordingly, bimonthly changes may reflect the impact of seasonal influences.)

During the year ended in May 2016, the all items CPI-U rose 1.0 percent. (See chart 1 and table 1.) The index for all items less food and energy increased 2.7 percent during the latest period, marking the highest rate of increase since November 2011, when prices advanced at the same pace.

Food

Food prices were unchanged in April and May, after decreasing 0.3 percent in the previous two-month period. Opposing movements were registered by the two components of the index as prices for food at home (grocery store prices) edged down 0.2 percent while prices for food away from home increased 0.3 percent.

From May 2015 to May 2016, food prices rose 0.4 percent, reflecting the combined effects of a 2.0-percent price rise for food away from home and a 1.1-percent price decline for food at home.

Energy

The energy index rose 5.9 percent in April and May, following a 1.1-percent increase in February and March. A 10.6-percent increase in motor fuel costs was the biggest factor in the advance, but higher household energy prices also contributed. Natural gas costs rose 7.2 percent during the period and electricity prices were up 1.0 percent.

During the year ended in May 2016, the energy index registered a 13.5-percent decrease. The biggest contributor to the decline was a 19.3-percent drop in motor fuel prices, though a 10.7-percent decrease in electricity costs also contributed. Countering a portion of these declines, natural gas prices increased 20.6 percent during the previous 12 months.

All items less food and energy

The index for all items less food and energy rose 0.6 percent in April and May, after increasing 0.9 percent in February and March. Among the leading factors in the advance were higher prices for shelter (1.5 percent), recreation (2.6 percent), and public transportation (airline fares). Slowing these gains were lower prices for apparel (-1.6 percent), as well as declines in the indexes for medical care and education and communication (-0.8 percent, each).

From May 2015 to May 2016, the index for all items less food and energy advanced 2.7 percent. The biggest factor in the annual increase was a 4.6-percent rise in shelter costs. Within the shelter component, higher rates of increase for owners’ equivalent rent (5.1 percent) and renters’ costs (4.8 percent) were slowed by a decline in the cost of lodging away from home (hotel and motel charges). Other large contributors to the annual increase included medical care (3.9 percent) and education and communication (3.8 percent). Countering a portion of these advances, apparel prices fell 0.8 percent over the year.

The July 2016 Consumer Price Index for All Items for Dallas-Fort Worth is scheduled to be released Tuesday, August 16, 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 Dallas-Fort Worth, Texas, Consolidated Metropolitan Statistical Area (CMSA) includes Collin, Dallas, Denton, Ellis, Henderson, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, and Tarrant Counties.

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,
Dallas-Fort Worth, TX (1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from -
 
Mar.
2016
Apr.
2016
May
2016
May
2015
Mar.
2016
Apr.
2016

All items

218.877 - 220.717 1.0 0.8 -

All items (1967 = 100)

686.605 - 692.378      

Food and beverages

249.669 - 249.905 0.4 0.1 -

Food

244.392 - 244.476 0.4 0.0 -

Food at home

217.788 219.375 217.287 -1.1 -0.2 -1.0

Food away from home

285.666 - 286.545 2.0 0.3 -

Alcoholic beverages

318.366 - 320.752 -0.8 0.7 -

Housing

201.544 - 204.029 3.0 1.2 -

Shelter

220.225 221.322 223.471 4.6 1.5 1.0

Rent of primary residence (1)

231.213 231.706 232.543 4.8 0.6 0.4

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

236.609 238.083 239.480 5.1 1.2 0.6

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

236.609 238.083 239.480 5.1 1.2 0.6

Fuels and utilities

210.681 - 213.808 -3.9 1.5 -

Household energy

191.256 191.480 194.814 -7.4 1.9 1.7

Energy services (1) (3)

188.194 188.413 191.777 -7.3 1.9 1.8

Electricity (1)

183.367 183.367 185.111 -10.7 1.0 1.0

Utility (piped) gas service (1)

168.189 169.476 180.352 20.6 7.2 6.4

Household furnishings and operations

126.194 - 125.061 0.1 -0.9 -

Apparel

112.400 - 110.633 -0.8 -1.6 -

Transportation

193.954 - 198.009 -4.8 2.1 -

Private transportation

195.614 - 198.358 -5.2 1.4 -

Motor fuel

173.335 181.592 191.677 -19.3 10.6 5.6

Gasoline (all types)

172.632 180.869 190.876 -19.3 10.6 5.5

Gasoline, unleaded regular (4)

165.540 173.720 183.839 -20.3 11.1 5.8

Gasoline, unleaded midgrade (4) (5)

183.801 191.956 201.459 -17.7 9.6 5.0

Gasoline, unleaded premium (4)

189.970 197.846 206.688 -15.2 8.8 4.5

Medical care

431.261 - 427.874 3.9 -0.8 -

Recreation (6)

110.811 - 113.674 1.1 2.6 -

Education and communication (6)

142.248 - 141.065 3.8 -0.8 -

Other goods and services

387.268 - 387.190 0.4 0.0 -
 

Commodity and service group

 

Commodities

170.848 - 171.869 -2.7 0.6 -

Commodities less food and beverages

135.662 - 136.882 -4.6 0.9 -

Nondurables less food and beverages

161.147 - 163.334 -6.3 1.4 -

Durables

113.131 - 113.598 -2.0 0.4 -

Services

265.868 - 268.500 3.5 1.0 -
 

Special aggregate indexes

 

All items less shelter

219.040 - 220.213 -0.6 0.5 -

All items less medical care

208.602 - 210.681 0.8 1.0 -

Commodities less food

140.324 - 141.576 -4.5 0.9 -

Nondurables

201.257 - 202.621 -2.9 0.7 -

Nondurables less food

168.420 - 170.615 -6.0 1.3 -

Services less rent of shelter (2)

330.962 - 332.452 2.2 0.5 -

Services less medical care services

249.771 - 252.468 3.4 1.1 -

Energy

183.913 188.056 194.706 -13.5 5.9 3.5

All items less energy

225.823 - 226.910 2.4 0.5 -

All items less food and energy

222.744 - 223.979 2.7 0.6 -

(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) Prior to January 2011 this series was titled Gas (piped) and electricity.
(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, June 16, 2016