For release: Friday, July 16, 2010 PLS - 4679
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Consumer Price Index, Philadelphia–Wilmington–Atlantic City –
June 2010 (PDF)

Area Prices 0.3 Percent Higher Since April and 1.9 Percent Higher Over the Year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Philadelphia-Wilmington-Atlantic City area rose 0.3 percent from April to June, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, attributed the recent advance to increases in the indexes for all items less food and energy (0.3 percent) and food (1.1 percent); the energy index decreased 0.7 percent over the last two months. The bimonthly advance in the all items less food and energy index largely reflected higher shelter prices while the increase in the food index was led by higher prices for food at home. (Data in this report are not seasonally adjusted. Accordingly, two-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U rose 1.9 percent. (See chart 1 and table A.) Since June 2009, the index for all items less food and energy increased 2.0 percent. Food and energy prices also increased over the year, up 1.5 and 1.7 percent, respectively.

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Philadelphia–Wilmington–Atlantic City, June 2007 to June 2010 (not seasonally adjusted)
12-month percent change in CPI for All Urban Consumers (CPI-U), Philadelphia–Wilmington–Atlantic City, June 2007 to June 2010 (not seasonally adjusted)
Food

Food prices rose 1.1 percent since April following a 0.7-percent decrease in the previous bimonthly period. Higher prices for food at home (1.5 percent) led the two-month advance. Within the food at home group, prices rose for a number of items including chicken, nonfrozen noncarbonated juices and drinks, and other pork including roasts and picnics; partially offsetting these increases were lower prices for tomatoes and breakfast cereal. Also contributing to the two-month increase in food prices was a 0.6-percent advance in prices for food away from home.

From June 2009 to June 2010, the index for food rose 1.5 percent. Both components of the food index, food at home and food away from home, had over-the-year increases of 1.9 percent and 0.9 percent, respectively.

Energy

Following three consecutive bimonthly increases totaling 7.3 percent, the energy index decreased 0.7 percent from April to June. The recent decline in energy prices was dominated by lower prices for gasoline, down 4.0 percent over the last two months. Utility (piped) gas service prices were also lower since April, dropping 6.0 percent, while electricity prices advanced 6.3 percent.

The energy index rose 1.7 percent since June 2009, largely due to a 2.6-percent increase in gasoline prices over the year. Also contributing to the 12-month rise in the energy index were higher electricity prices, up 1.1 percent. Utility gas service prices were 7.6 percent lower over the year.

All items less food and energy

The index for all items less food and energy rose 0.3 percent from April to June. Within this grouping, price increases were led by shelter (0.7 percent), particularly owners’ equivalent rent of primary residence (1.0 percent). Higher recreation prices (1.9 percent) also contributed to the overall increase in the all items less food and energy index. A seasonal decline in apparel prices, which fell 7.2 percent since April, helped to offset these advances.

Over the year, the index for all items less food and energy rose 2.0 percent. Higher prices for shelter (1.7 percent) and new and used motor vehicles, among others, contributed to the 12-month advance. A 3.8-percent decline in prices for household furnishings and operations helped to moderate the 12-month increase in the all items less food and energy index.

The August 2010 Consumer Price Index for Philadelphia-Wilmington-Atlantic City is scheduled to be released on September 17, 2010, at 8:30 a.m. (EDT).

Table A. Philadelphia-Wilmington-Atlantic City CPI-U bimonthly and annual percent changes, all items index (not seasonally adjusted)
Month 2005 2006 2007 2008 2009 2010
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

1.2 4.5 2.0 4.4 0.7 2.0 0.9 3.7 1.0 -0.3 0.8 2.8

April

1.6 4.4 1.2 4.1 1.0 1.7 1.2 3.9 0.6 -0.9 0.4 2.6

June

0.7 3.4 1.1 4.4 0.9 1.6 2.1 5.1 1.0 -2.0 0.3 1.9

August

0.9 3.8 1.2 4.7 0.7 1.1 0.0 4.4 1.0 -1.0

October

0.4 3.6 -2.2 2.0 0.1 3.5 -1.4 2.8 -0.6 -0.1

December

-1.3 3.6 0.0 3.3 0.0 3.5 -3.1 -0.4 0.0 3.0

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 87 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 32 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 25,000 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 Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., Consolidated Metropolitan Statistical Area (CMSA), includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, and Salem Counties in New Jersey; New Castle County in Delaware; and Cecil County in Maryland.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; TDD message referral phone number:  1-800-877-8339.

For personal assistance or further information on Consumer Price Indexes, as well as other Bureau products, contact the Mid-Atlantic Information Office at (215) 597-3282 from 8:30 a.m. to 12:00 p.m. and 1:00 p.m. to 3:30 p.m. ET.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md. (1982-84=100 unless otherwise noted)
Expenditure category Indexes Percent change from-
Apr. 2010 May 2010 June 2010 June 2009 Apr. 2010 May 2010

All items

227.432 - 228.074 1.9 0.3 -

Food and beverages

206.533 - 208.635 1.3 1.0 -

Food

206.270 - 208.559 1.5 1.1 -

Food at home

215.561 217.757 218.736 1.9 1.5 0.4

Food away from home

188.480 - 189.675 0.9 0.6 -

Alcoholic beverages

207.587 - 207.288 -0.8 -0.1 -

Housing

233.890 - 235.898 1.2 0.9 -

Shelter

280.593 282.708 282.601 1.7 0.7 0.0

Rent of primary residence (1)

258.593 258.425 259.031 0.5 0.2 0.2

Owners' equivalent rent of residences (1) (2) (3)

288.509 291.054 291.298 2.7 1.0 0.1

Owners' equivalent rent of primary residence (1) (2) (3)

288.509 291.054 291.298 2.7 1.0 0.1

Fuels and utilities

210.960 - 214.425 1.8 1.6 -

Household energy

188.469 188.438 192.501 0.9 2.1 2.2

Gas (piped) and electricity (1)

202.132 201.607 207.776 -1.4 2.8 3.1

Electricity (1)

199.246 198.519 211.881 1.1 6.3 6.7

Utility (piped) gas service (1)

204.510 204.510 192.239 -7.6 -6.0 -6.0

Household furnishings and operations

120.206 - 121.314 -3.8 0.9 -

Apparel

109.085 - 101.275 4.4 -7.2 -

Transportation

196.024 - 194.121 4.5 -1.0 -

Private transportation

193.960 - 190.963 3.9 -1.5 -

Motor fuel

247.258 252.973 237.286 2.9 -4.0 -6.2

Gasoline (all types)

243.687 249.374 233.843 2.6 -4.0 -6.2

Gasoline, unleaded regular (4)

243.889 249.610 233.398 2.2 -4.3 -6.5

Gasoline, unleaded midgrade (4) (5)

237.166 243.007 230.559 3.2 -2.8 -5.1

Gasoline, unleaded premium (4)

230.774 235.562 223.565 3.4 -3.1 -5.1

Medical care

428.747 - 430.442 0.9 0.4 -

Recreation (6)

121.604 - 123.959 1.1 1.9 -

Education and communication (6)

129.783 - 129.854 1.5 0.1 -

Other goods and services

417.410 - 420.303 2.5 0.7 -
Commodity and service group            

Commodities

170.833 - 169.438 1.9 -0.8 -

Commodities less food and beverages

149.231 - 146.548 2.3 -1.8 -

Nondurables less food and beverages

182.256 - 177.585 2.7 -2.6 -

Durables

112.451 - 111.961 1.6 -0.4 -

Services

285.925 - 288.399 1.9 0.9 -
Special aggregate indexes            

All items less medical care

218.869 - 219.472 2.0 0.3 -

All items less shelter

210.945 - 211.046 2.0 0.0 -

Commodities less food

151.457 - 148.829 2.2 -1.7 -

Nondurables

196.035 - 194.206 2.0 -0.9 -

Nondurables less food

183.733 - 179.282 2.4 -2.4 -

Services less rent of shelter (2)

298.358 - 301.405 2.0 1.0 -

Services less medical care services

274.404 - 276.872 2.0 0.9 -

Energy

209.311 211.548 207.767 1.7 -0.7 -1.8

All items less energy

231.130 - 232.021 1.9 0.4 -

All items less food and energy

237.721 - 238.396 2.0 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) Indexes on a December 1982=100 base.
(3) This index series underwent a change in composition in January 2010. The expenditure class now includes weight from secondary residences and has been re-titled "Owners' equivalent rent of residences." The item stratum "Owners' equivalent rent of primary residence" excludes secondary residences.
(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.
- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: July 19, 2010