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15-1418-SAN
Friday, July 17, 2015

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Consumer Price Index, San Francisco Area — June 2015

Area prices were up 0.6 percent over the past two months, up 2.3 percent from a year ago

Prices in the San Francisco area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), rose 0.6 percent for the two months ending in June 2015, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that the June increase was influenced by higher prices for shelter and gasoline. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U rose 2.3 percent.  (See chart 1 and table A.) Energy prices dropped 11.2 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy advanced 3.2 percent over the year. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, San Francisco, June 2012-June 2015

Food

Food prices rose 0.9 percent for the two months ending in June. (See table 1.) Prices for food away from home moved up 1.1 percent, and prices for food at home increased 0.8 percent for the same period.

Over the year, food prices rose 2.9 percent. Prices for food away from home advanced 4.6 percent since a year ago, and prices for food at home rose 1.5 percent.

Energy

The energy index increased 4.4 percent for the two months ending in June. The increase was mainly due to higher prices for gasoline (5.3 percent). Prices for electricity advanced 3.8 percent, and prices for natural gas service rose 2.6 percent for the same period.

Energy prices dropped 11.2 percent over the year, largely due to lower prices for gasoline (-19.0 percent). Prices paid for prices for electricity edged down 0.1 percent, but prices for natural gas service jumped 10.3 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.3 percent in the latest two-month period. Higher prices for recreation (1.0 percent) and shelter (0.9 percent) were partially offset by lower prices for apparel (-6.2 percent) and household furnishings and operations (-0.7 percent).

Over the year, the index for all items less food and energy advanced 3.2 percent. Components contributing to the increase included household furnishings and operations (6.1 percent) and shelter (5.4 percent). Partly offsetting the increases was a price decline in apparel (-5.8 percent).

Table A. San Francisco-Oakland-San Jose CPI-U bi-monthly and annual percent changes (not seasonally adjusted)
Month 2010 2011 2012 2013 2014 2015
Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual

February

0.8 1.8 1.0 1.7 1.1 3.0 1.3 2.4 1.2 2.4 1.0 2.5

April

0.7 1.7 1.8 2.8 0.9 2.1 0.8 2.4 1.2 2.8 1.1 2.4

June

0.2 1.1 -0.2 2.4 0.3 2.6 0.5 2.6 0.7 3.0 0.6 2.3

August

-0.1 1.0 0.4 2.9 0.6 2.8 0.1 2.0 0.0 3.0    

October

0.1 0.9 0.3 3.2 0.7 3.2 0.2 1.6 0.5 3.2    

December

-0.2 1.5 -0.4 2.9 -1.4 2.2 -0.4 2.6 -0.9 2.7    

The August 2015 Consumer Price Index for the San Francisco-Oakland-San Jose is scheduled to be released on September 16, 2015.


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

The San Francisco-Oakland-San Jose, CA. metropolitan area covered in this release is comprised of Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Santa Cruz, Sonoma, and Solano Counties in the State of California.

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

San Francisco-Oakland-San Jose, CA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Apr.
2015
May
2015
Jun.
2015
Jun.
2014
Apr.
2015
May
2015

Expenditure category

 
 

All items

257.622 - 259.117 2.3 0.6 -

All items (1967=100)

792.001 - 796.597 - - -

Food and beverages

257.490 - 259.733 2.8 0.9 -

Food

257.859 - 260.305 2.9 0.9 -

Food at home

247.872 248.813 249.931 1.5 0.8 0.4

Food away from home

269.553 - 272.482 4.6 1.1 -

Alcoholic beverages

258.479 - 258.413 2.5 0.0 -

Housing

289.966 - 292.549 5.6 0.9 -

Shelter

325.441 327.648 328.284 5.4 0.9 0.2

Rent of primary residence (1)

365.294 367.814 369.549 6.1 1.2 0.5

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

350.796 352.381 353.990 5.1 0.9 0.5

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

350.796 352.381 353.990 5.1 0.9 0.5

Fuels and utilities

347.481 - 357.574 6.9 2.9 -

Household energy

309.088 315.033 319.416 2.1 3.3 1.4

Energy services (1)

309.107 315.269 319.843 2.4 3.5 1.5

Electricity (1)

318.756 330.729 330.729 -0.1 3.8 0.0

Utility (piped) gas service (1)

278.480 269.697 285.849 10.3 2.6 6.0

Household furnishings and operations

141.585 - 140.580 6.1 -0.7 -

Apparel

117.249 - 109.924 -5.8 -6.2 -

Transportation

191.279 - 194.067 -5.8 1.5 -

Private transportation

178.936 - 181.508 -6.0 1.4 -

Motor fuel

240.323 269.479 253.019 -19.1 5.3 -6.1

Gasoline (all types)

239.500 268.784 252.202 -19.0 5.3 -6.2

Gasoline, unleaded regular (3)

240.149 270.203 252.847 -19.3 5.3 -6.4

Gasoline, unleaded midgrade (3) (4)

222.085 245.541 232.957 -18.8 4.9 -5.1

Gasoline, unleaded premium (3)

224.355 248.861 236.647 -17.9 5.5 -4.9

Medical care

- - - - - -

Recreation (5)

112.020 - 113.087 2.3 1.0 -

Education and communication (5)

142.413 - 142.239 0.0 -0.1 -

Other goods and services

432.099 - 431.917 1.0 0.0 -
 

Commodity and service group

 
 

All items

257.622 - 259.117 2.3 0.6 -

Commodities

182.857 - 183.160 -1.4 0.2 -

Commodities less food & beverages

141.457 - 140.917 -4.6 -0.4 -

Nondurables less food & beverages

179.730 - 178.700 -7.3 -0.6 -

Durables

104.507 - 104.400 -0.2 -0.1 -

Services

320.363 - 322.857 4.2 0.8 -
 

Special aggregate indexes

 
 

All items less medical care

248.888 - 250.505 2.1 0.6 -

All items less shelter

231.021 - 231.934 0.4 0.4 -

Commodities less food

146.632 - 146.103 -4.2 -0.4 -

Nondurables

219.949 - 220.488 -1.8 0.2 -

Nondurables less food

185.816 - 184.847 -6.5 -0.5 -

Services less rent of shelter (2)

330.358 - 332.490 2.5 0.6 -

Services less medical care services

310.768 - 313.590 4.3 0.9 -

Energy

268.820 289.624 280.775 -11.2 4.4 -3.1

All items less energy

260.140 - 261.107 3.2 0.4 -

All items less food and energy

261.318 - 262.049 3.2 0.3 -

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: Friday, July 17, 2015