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16-1475-SAN
Friday, July 15, 2016

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Consumer Price Index, West Region — June 2016

Area prices were up 0.2 percent over the past month, up 1.6 percent from a year ago

Prices in the West Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), crept up 0.2 percent in June, the U.S. Bureau of Labor Statistics reported today. (See table A.) 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 1.6 percent.  (See chart 1 and table A.) Energy prices fell 10.4 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy advanced 2.8 percent over the year. (See table 1.) This is the eighth month that this index has increased by more than 2.5 percent. (See chart 1.)

Food

Food prices inched down 0.1 percent for the month of June. (See table 1.) Prices for food at home decreased 0.4 percent, but prices for food away from home rose 0.3 percent for the same period.

Over the year, food prices rose 1.0 percent. Prices for food away from home advanced 3.4 percent, but prices for food at home decreased 0.7 percent since a year ago.

Energy

The energy index increased 1.9 percent over the month. The increase was mainly due to higher prices for gasoline (3.0 percent). Prices for electricity increased 0.9 percent, but prices for natural gas service decreased 1.1 percent for the same period.

Energy prices fell 10.4 percent over the year, largely due to lower prices for gasoline (-18.6 percent). Prices for natural gas service decreased 6.7 percent, but during the past year prices paid for electricity advanced 2.1 percent.

All items less food and energy

The index for all items less food and energy edged up 0.1 percent in June. Higher prices for shelter (0.4 percent) and medical care (0.2 percent) were partially offset by lower prices for apparel (-2.0 percent) and recreation (-0.4 percent).

Over the year, the index for all items less food and energy advanced 2.8 percent. Components contributing to the increase included shelter (4.9 percent) and medical care (3.7 percent). Partly offsetting the increases were price declines in  used cars and trucks (-4.1 percent) and household furnishings and operations (-0.7 percent).

Table A. West Region CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2011 2012 2013 2014 2015 2016
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.5 1.4 0.4 2.6 0.3 1.7 0.3 1.7 -0.3 0.7 0.5 2.6

February

0.6 1.9 0.4 2.5 0.8 2.0 0.4 1.3 0.6 0.9 0.1 2.1

March

0.9 2.6 0.9 2.4 0.4 1.5 0.6 1.5 0.8 1.1 0.2 1.5

April

0.6 3.0 0.2 2.1 0.0 1.3 0.3 1.8 0.3 1.0 0.5  1.8

May

0.3 3.2 0.2 2.0 0.2 1.3 0.6 2.3 0.8 1.2 0.5 1.5

June

-0.2 3.1 -0.2 2.0 0.1 1.5 0.1 2.3 0.0 1.1 0.2 1.6

July

-0.1 2.9 -0.3 1.8 0.0 1.9 0.1 2.3 0.3 1.3    

August

0.2 3.0 0.5 2.1 0.1 1.5 -0.1 2.1 -0.1 1.3    

September

0.4 3.5 0.5 2.2 0.2 1.3 0.1 2.0 -0.2 1.0    

October

0.0 3.4 0.4 2.5 -0.1 0.9 -0.1 2.0 0.0 1.1    

November

-0.2 3.2 -0.7 1.9 -0.4 1.3 -0.6 1.7 -0.2 1.5    

December

-0.3 2.7 -0.5 1.7 0.0 1.8 -0.5 1.3 -0.1 1.8    

The July 2016 Consumer Price Index for the West Region is scheduled to be released on 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/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 West Region covered in this release is comprised of the following thirteen states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.

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

West (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Apr.
2016
May
2016
Jun.
2016
Jun.
2015
Apr.
2016
May
2016

Expenditure category

 
 

All Items

246.589 247.885 248.267 1.6 0.7 0.2

All items (December 1977=100)

398.597 400.692 401.310      

Food and beverages

252.018 251.836 251.503 1.1 -0.2 -0.1

Food

252.003 251.885 251.582 1.0 -0.2 -0.1

Food at home

247.623 247.094 246.086 -0.7 -0.6 -0.4

Food away from home

256.965 257.433 258.137 3.4 0.5 0.3

Alcoholic beverages

248.907 247.867 247.140 1.7 -0.7 -0.3

Housing

261.967 263.822 264.688 4.0 1.0 0.3

Shelter

298.069 299.726 300.867 4.9 0.9 0.4

Rent of primary residence (1)

313.242 314.318 315.746 5.2 0.8 0.5

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

312.866 314.216 315.603 4.9 0.9 0.4

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

312.866 314.220 315.608 4.9 0.9 0.4

Fuels and utilities

278.853 286.787 287.839 1.7 3.2 0.4

Household energy

239.117 248.416 249.795 0.1 4.5 0.6

Energy services (1)

241.273 251.024 252.137 0.0 4.5 0.4

Electricity (1)

268.148 279.505 282.011 2.1 5.2 0.9

Utility (piped) gas service (1)

192.420 198.958 196.812 -6.7 2.3 -1.1

Household furnishings and operations

129.304 129.033 128.832 -0.7 -0.4 -0.2

Apparel

121.463 121.088 118.627 0.9 -2.3 -2.0

Transportation

198.203 200.605 202.092 -4.7 2.0 0.7

Private transportation

191.566 193.449 195.078 -4.7 1.8 0.8

New and used motor vehicles (3)

102.074 102.025 101.889 -0.6 -0.2 -0.1

New vehicles

148.223 148.049 147.680 -0.2 -0.4 -0.2

New cars and trucks (3) (4)

102.932 102.813 102.562 -0.3 -0.4 -0.2

New cars (4)

146.177 146.181 145.566 -1.3 -0.4 -0.4

Used cars and trucks

141.238 140.987 140.147 -4.1 -0.8 -0.6

Motor fuel

200.563 208.114 214.564 -18.5 7.0 3.1

Gasoline (all types)

200.130 207.561 213.878 -18.6 6.9 3.0

Gasoline, unleaded regular (4)

197.293 204.948 211.393 -18.9 7.1 3.1

Gasoline, unleaded midgrade (4) (5)

193.552 198.716 203.730 -18.2 5.3 2.5

Gasoline, unleaded premium (4)

198.496 204.978 210.575 -17.0 6.1 2.7

Medical Care

466.222 469.562 470.348 3.7 0.9 0.2

Medical care commodities

351.872 351.696 355.450 3.4 1.0 1.1

Medical care services

502.722 507.337 506.997 3.8 0.9 -0.1

Professional services

348.154 350.290 348.961 2.7 0.2 -0.4

Recreation (3)

111.985 112.233 111.839 0.7 -0.1 -0.4

Education and communication (3)

138.508 138.117 137.905 0.1 -0.4 -0.2

Other goods and services

407.450 407.586 407.374 1.2 0.0 -0.1
 

Commodity and Service Group

 
 

All Items

246.589 247.885 248.267 1.6 0.7 0.2

Commodities

178.873 179.197 179.038 -1.9 0.1 -0.1

Commodities less food & beverages

142.486 142.993 142.908 -4.1 0.3 -0.1

Nondurables less food & beverages

177.976 179.442 180.153 -5.3 1.2 0.4

Nondurables less food, beverages, and apparel

218.212 220.885 223.632 -7.3 2.5 1.2

Durables

109.655 109.372 108.646 -1.9 -0.9 -0.7

Services

309.109 311.329 312.230 3.7 1.0 0.3

Rent of shelter (2)

317.164 318.938 320.176 4.9 0.9 0.4

Transportation services

289.811 293.300 294.653 2.3 1.7 0.5

Other services

340.851 341.028 341.254 1.5 0.1 0.1
 

Special aggregate indexes:

 
 

All items less medical care

236.552 237.756 238.120 1.4 0.7 0.2

All items less food

245.920 247.435 247.924 1.7 0.8 0.2

All items less shelter

226.868 228.022 228.083 -0.1 0.5 0.0

Commodities less food

146.467 146.937 146.835 -3.8 0.3 -0.1

Nondurables

214.839 215.553 215.785 -1.9 0.4 0.1

Nondurables less food

183.137 184.472 185.106 -4.8 1.1 0.3

Nondurables less food and apparel

220.811 223.148 225.582 -6.4 2.2 1.1

Services less rent of shelter (2)

333.772 336.834 337.394 2.2 1.1 0.2

Services less medical care services

295.656 297.715 298.693 3.7 1.0 0.3

Energy

220.077 228.495 232.755 -10.4 5.8 1.9

All items less energy

250.593 251.366 251.462 2.6 0.3 0.0

All items less food and energy

251.120 252.047 252.210 2.8 0.4 0.1

Commodities less food and energy commodities

141.053 140.707 139.804 -0.5 -0.9 -0.6

Energy commodities

204.648 212.077 218.754 -18.1 6.9 3.1

Services less energy services

314.211 315.969 316.860 3.9 0.8 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) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
 

Regions defined as the four Census regions. West includes Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Friday, July 15, 2016