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16-1673-DAL
Tuesday, August 16, 2016

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Consumer Price Index, Dallas-Fort Worth — July 2016

Area prices rise 0.4 percent in June and July; up 1.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth rose 0.4 percent in June and July, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Stanley W. Suchman noted that the advance was broad-based, but led by a 2.7-percent increase in energy costs. Food prices rose 0.5 percent during the period and the index for all items less food and energy edged up 0.1 percent. (Data in this report are not seasonally adjusted. Accordingly, bimonthly changes may reflect the impact of seasonal influences.)

During the year ended in July 2016, the all items CPI-U rose 1.3 percent. (See chart 1 and table 1.) The index for all items less food and energy increased 2.9 percent during the latest period, marking the highest rate of increase since March 2009 (3.6 percent).

Food

Food prices rose 0.5 percent in June and July, after registering no change in April and May. Among the two components of the index, prices for food at home (grocery stores) increased 0.8 percent, while prices for food away from home were little changed, edging up 0.1 percent.

From July 2015 to July 2016, food prices rose 1.3 percent, reflecting the combined effects of a 1.8-percent price rise for food away from home and a 0.7-percent increase for food at home.

Energy

The energy index rose 2.7 percent in June and July, following a 5.9-percent increase in April and May. The current advance was the result of a 5.8-percent increase in household energy costs as higher prices were recorded for both natural gas and electricity, up 18.9 and 3.3 percent, respectively. Offsetting a portion of these advances, motor fuel costs decreased 0.5 percent during the two-month period.

During the year ended in July 2016, the energy index registered a 12.9-percent decrease. The leading factor in the decline was an 18.9-percent drop in motor fuel prices, though a 10.4-percent decrease in electricity costs also contributed. In contrast, natural gas prices increased 14.1 percent during the previous 12 months.

All items less food and energy

The index for all items less food and energy was little changed in June and July, edging up 0.1 percent, as a result of offsetting movements among the index sub-components. The shelter index rose 0.7 percent as higher costs for both renters (1.7 percent) and homeowners (0.8 percent) were slowed by a decline in the cost of lodging away from home (hotel and motel charges). Medical care costs also increased, up 1.6 percent, as did prices for other goods and services, up 1.2 percent. Among the components helping to offset increases were lower prices for apparel (-6.0 percent) and airline fares.

From July 2015 to July 2016, the index for all items less food and energy advanced 2.9 percent. The largest contributor to the annual increase was a 4.8-percent rise in shelter costs. Within the shelter component, higher rates of increase for renters’ costs (5.6 percent) and owners’ equivalent rent (5.0 percent) were slowed by a decline in the cost of lodging away from home. Other important contributors to the annual increase included medical care (5.5 percent) and education and communication (2.7 percent). Countering a portion of these advances, apparel prices fell 2.8 percent over the year.

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The September 2016 Consumer Price Index for All Items for Dallas-Fort Worth is scheduled to be released Tuesday, October 18, 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 -
 
May
2016
Jun.
2016
Jul.
2016
Jul.
2015
May
2016
Jun.
2016

All items

220.717 - 221.519 1.3 0.4 -

All items (1967 = 100)

692.378 - 694.892      

Food and beverages

249.905 - 251.015 1.2 0.4 -

Food

244.476 - 245.646 1.3 0.5 -

Food at home

217.287 218.223 219.099 0.7 0.8 0.4

Food away from home

286.545 - 286.871 1.8 0.1 -

Alcoholic beverages

320.752 - 320.965 0.3 0.1 -

Housing

204.029 - 205.992 3.0 1.0 -

Shelter

223.471 224.901 225.099 4.8 0.7 0.1

Rent of primary residence (1)

232.543 234.814 236.465 5.6 1.7 0.7

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

239.480 240.995 241.280 5.0 0.8 0.1

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

239.480 240.995 241.280 5.0 0.8 0.1

Fuels and utilities

213.808 - 222.600 -4.0 4.1 -

Household energy

194.814 200.936 206.024 -7.0 5.8 2.5

Energy services (1) (3)

191.777 197.850 202.896 -7.0 5.8 2.6

Electricity (1)

185.111 191.223 191.223 -10.4 3.3 0.0

Utility (piped) gas service (1)

180.352 184.779 214.506 14.1 18.9 16.1

Household furnishings and operations

125.061 - 123.745 -0.9 -1.1 -

Apparel

110.633 - 103.983 -2.8 -6.0 -

Transportation

198.009 - 196.853 -4.1 -0.6 -

Private transportation

198.358 - 198.957 -4.4 0.3 -

Motor fuel

191.677 201.731 190.668 -18.9 -0.5 -5.5

Gasoline (all types)

190.876 200.872 189.714 -19.1 -0.6 -5.6

Gasoline, unleaded regular (4)

183.839 193.706 182.423 -19.8 -0.8 -5.8

Gasoline, unleaded midgrade (4) (5)

201.459 211.663 200.849 -18.0 -0.3 -5.1

Gasoline, unleaded premium (4)

206.688 216.327 206.694 -16.0 0.0 -4.5

Medical care

427.874 - 434.802 5.5 1.6 -

Recreation (6)

113.674 - 113.178 -0.3 -0.4 -

Education and communication (6)

141.065 - 141.475 2.7 0.3 -

Other goods and services

387.190 - 391.784 1.7 1.2 -
 

Commodity and service group

 

Commodities

171.869 - 171.216 -2.2 -0.4 -

Commodities less food and beverages

136.882 - 135.692 -4.3 -0.9 -

Nondurables less food and beverages

163.334 - 163.086 -5.1 -0.2 -

Durables

113.598 - 111.735 -2.7 -1.6 -

Services

268.500 - 270.694 3.5 0.8 -
 

Special aggregate indexes

 

All items less shelter

220.213 - 220.620 -0.3 0.2 -

All items less medical care

210.681 - 211.197 0.9 0.2 -

Commodities less food

141.576 - 140.408 -4.1 -0.8 -

Nondurables

202.621 - 202.959 -1.8 0.2 -

Nondurables less food

170.615 - 170.388 -4.8 -0.1 -

Services less rent of shelter (2)

332.452 - 335.467 2.1 0.9 -

Services less medical care services

252.468 - 254.676 3.4 0.9 -

Energy

194.706 202.790 200.039 -12.9 2.7 -1.4

All items less energy

226.910 - 227.328 2.7 0.2 -

All items less food and energy

223.979 - 224.285 2.9 0.1 -

(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: Tuesday, August 16, 2016