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Thursday, November 17, 2016

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Consumer Price Index, West Region — October 2016

Area prices were up 0.3 percent over the past month, up 2.3 percent from a year ago

Prices in the West Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.3 percent in October, the U.S. Bureau of Labor Statistics reported today. (See table A.) The October 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 advanced 2.3 percent.  (See chart 1 and table A.) Energy prices advanced 0.9 percent, largely the result of an increase in the price of electricity. The index for all items less food and energy advanced 2.9 percent over the year. (See table 1.)

Food

Food prices crept up 0.2 percent for the month of October. (See table 1.) Prices for food at home and prices for food away from home both inched up 0.2 percent for the same period.

Over the year, food prices declined 0.4 percent. Prices for food at home decreased 2.6 percent since a year ago, but prices for food away from home increased 2.8 percent.

Energy

The energy index advanced 1.0 percent over the month. The increase was mainly due to higher prices for gasoline (1.4 percent). Prices for natural gas service advanced 1.0 percent, and prices for electricity increased 0.5 percent for the same period.

Energy prices advanced 0.9 percent over the year, largely due to higher prices for electricity (4.1 percent). Prices paid for natural gas service advanced 5.0 percent, but prices for gasoline declined 2.1 percent during the past year.

All items less food and energy

The index for all items less food and energy crept up 0.2 percent in October. Higher prices for household furnishings and operations (0.8 percent), apparel (0.6 percent), and shelter (0.5 percent) were partially offset by lower prices for used cars and trucks (-1.8 percent) and recreation (-0.4 percent).

Over the year, the index for all items less food and energy advanced 2.9 percent. Components contributing to the increase included shelter (5.3 percent) and medical care (3.8 percent). Partly offsetting the increases were price declines in education and communication (-1.2 percent) and household furnishings and operations (-0.4 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 0.1 1.4

August

0.2 3.0 0.5 2.1 0.1 1.5 -0.1 2.1 -0.1 1.3 (1)0.0 (1)1.5

September

0.4 3.5 0.5 2.2 0.2 1.3 0.1 2.0 -0.2 1.0 0.3 2.0

October

0.0 3.4 0.4 2.5 -0.1 0.9 -0.1 2.0 0.0 1.1 0.3 2.3

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    

Footnotes
(1) Revised.

The November 2016 Consumer Price Index for the West Region is scheduled to be released on December 15, 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-
Aug.
2016
Sep.
2016
Oct.
2016
Oct.
2015
Aug.
2016
Sep.
2016

Expenditure category

 
 

All Items

248.498 249.234 249.897 2.3 0.6 0.3

All items (December 1977=100)

401.684 402.873 403.945      

Food and beverages

251.107 251.375 251.902 -0.2 0.3 0.2

Food

251.125 251.334 251.766 -0.4 0.3 0.2

Food at home

244.517 244.627 245.051 -2.6 0.2 0.2

Food away from home

259.267 259.616 260.057 2.8 0.3 0.2

Alcoholic beverages

247.565 248.625 250.423 2.0 1.2 0.7

Housing

266.962 268.004 269.287 4.6 0.9 0.5

Shelter

303.830 305.353 306.763 5.3 1.0 0.5

Rent of primary residence (1)

318.858 320.634 322.717 5.6 1.2 0.6

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

318.592 320.346 321.546 5.1 0.9 0.4

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

318.605 320.357 321.556 5.1 0.9 0.4

Fuels and utilities

292.102 291.756 292.784 4.0 0.2 0.4

Household energy

255.258 254.309 255.621 4.1 0.1 0.5

Energy services (1)

258.008 256.818 258.405 4.3 0.2 0.6

Electricity (1)

283.658 281.990 283.386 4.1 -0.1 0.5

Utility (piped) gas service (1)

213.155 213.032 215.177 5.0 0.9 1.0

Household furnishings and operations

127.703 127.680 128.653 -0.4 0.7 0.8

Apparel

119.204 121.771 122.540 1.0 2.8 0.6

Transportation

197.258 197.574 198.088 -0.2 0.4 0.3

Private transportation

191.675 191.913 192.528 0.2 0.4 0.3

New and used motor vehicles (3)

100.866 99.901 99.591 -0.8 -1.3 -0.3

New vehicles

146.718 146.302 147.660 1.2 0.6 0.9

New cars and trucks (3) (4)

101.896 101.598 102.540 1.2 0.6 0.9

New cars (4)

144.370 144.427 144.931 -0.1 0.4 0.3

Used cars and trucks

138.690 136.440 134.005 -4.7 -3.4 -1.8

Motor fuel

201.320 207.233 210.132 -2.1 4.4 1.4

Gasoline (all types)

200.512 206.433 209.335 -2.1 4.4 1.4

Gasoline, unleaded regular (4)

197.945 203.841 206.703 -2.1 4.4 1.4

Gasoline, unleaded midgrade (4) (5)

191.411 196.725 199.935 -2.9 4.5 1.6

Gasoline, unleaded premium (4)

198.577 204.194 206.935 -1.7 4.2 1.3

Medical Care

472.902 473.509 473.706 3.8 0.2 0.0

Medical care commodities

357.339 360.376 357.783 4.2 0.1 -0.7

Medical care services

509.765 509.451 510.693 3.7 0.2 0.2

Professional services

351.269 351.639 351.944 4.0 0.2 0.1

Recreation (3)

112.195 112.587 112.100 0.6 -0.1 -0.4

Education and communication (3)

137.840 137.231 137.050 -1.2 -0.6 -0.1

Other goods and services

408.664 410.321 409.272 0.8 0.1 -0.3
 

Commodity and Service Group

 
 

All Items

248.498 249.234 249.897 2.3 0.6 0.3

Commodities

177.492 178.227 178.689 -0.6 0.7 0.3

Commodities less food & beverages

140.982 141.867 142.283 -0.9 0.9 0.3

Nondurables less food & beverages

177.212 180.142 180.595 0.0 1.9 0.3

Nondurables less food, beverages, and apparel

218.381 221.613 221.874 -0.4 1.6 0.1

Durables

107.597 106.801 107.174 -1.9 -0.4 0.3

Services

314.176 314.903 315.754 3.9 0.5 0.3

Rent of shelter (2)

323.347 324.978 326.484 5.3 1.0 0.5

Transportation services

289.217 288.181 288.372 1.8 -0.3 0.1

Other services

342.714 342.846 342.064 0.9 -0.2 -0.2
 

Special aggregate indexes:

 
 

All items less medical care

238.248 238.988 239.671 2.2 0.6 0.3

All items less food

248.261 249.078 249.778 2.7 0.6 0.3

All items less shelter

227.149 227.554 227.905 0.6 0.3 0.2

Commodities less food

144.956 145.853 146.308 -0.7 0.9 0.3

Nondurables

213.996 215.718 216.212 -0.1 1.0 0.2

Nondurables less food

182.336 185.180 185.711 0.1 1.9 0.3

Nondurables less food and apparel

220.844 223.878 224.277 -0.1 1.6 0.2

Services less rent of shelter (2)

337.941 337.555 337.637 2.2 -0.1 0.0

Services less medical care services

300.579 301.371 302.194 3.9 0.5 0.3

Energy

227.710 230.628 232.851 0.9 2.3 1.0

All items less energy

252.090 252.668 253.220 2.4 0.4 0.2

All items less food and energy

253.024 253.667 254.241 2.9 0.5 0.2

Commodities less food and energy commodities

139.264 139.560 139.753 -0.5 0.4 0.1

Energy commodities

205.360 211.422 214.140 -2.1 4.3 1.3

Services less energy services

318.567 319.415 320.223 3.9 0.5 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: Thursday, November 17, 2016