News Release Information

14-1456-DAL

7:30 a.m. (CT), Tuesday, August 19, 2014

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Consumer Price Index, Dallas-Fort Worth July 2014

Area prices unchanged during two-month period, up 1.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Dallas-Fort Worth area was unchanged in June and July, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that a 0.6-percent increase in energy prices was offset by a 0.1-percent dip in the index for all items less food and energy; food prices were unchanged during the period. (Data in this report are not seasonally adjusted. Accordingly, short-term changes may reflect the impact of seasonal influences.)

Over the last 12 months, the all items CPI-U rose 1.2 percent in the Dallas-Fort Worth area. The index for all items less food and energy also advanced 1.2 percent during the year ended in July 2014; annual increases for this index have been 2.0 percent or less since March 2013. (See chart 1.)


Chart 1. Over-the-year percent change in CPI-U, Dallas-Fort Worth, July 2011-July 2014



Food

Local food prices were unchanged in June and July, after increasing 0.6 percent in April and May. Among the two components of the index, prices for food at home (grocery stores) slipped 0.1 percent, while prices for food away from home were unchanged.

From July 2013 to July 2014, the food index was up 1.5 percent, reflecting the combined effects of a 1.4-percent price rise at grocery stores and a 1.7-percent price rise for food away from home. Annual increases in total food prices have been 3.0 percent or less since March 2012.

Energy

The energy index advanced 0.6 percent in June and July following a 3.5-percent increase in April and May. The biggest factor in the current gain was a 1.7-percent rise in electricity prices, though higher costs for natural gas (up 0.5 percent) also contributed. The index for motor fuel was unchanged during the period.

Over the year, total energy costs rose 1.9 percent. As with the bimonthly advance, the leading factor in the annual increase was higher household energy costs, as prices for natural gas climbed 21.2 percent and electricity prices increased 5.1 percent. In contrast, motor fuel costs declined 1.5 percent over the year.

All items less food and energy

The index for all items less food and energy was little changed in June and July, slipping 0.1 percent. However, there were differing movements among the sub-components of the index. The shelter index rose 0.5 percent as higher costs were registered for both renters (1.0 percent) and homeowners (0.4 percent). Medical care costs also rose, up 1.3 percent, as did the index for education and communication, up 0.3 percent. Among the components balancing these increases, apparel prices fell 4.1 percent and recreation costs declined 2.0 percent.

From July 2013 to July 2014, the index for all items less food and energy moved up 1.2 percent. The biggest factor was a 4.2-percent advance in shelter costs, though higher prices for medical care (up 3.3 percent) also contributed. Countering a portion of these annual increases, the cost of apparel fell 5.3 percent from July 2013.

Next Release Date: The September 2014 Consumer Price Index for All Items for Dallas-Fort Worth will be released on October 22, 2014.



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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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 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: 1-800-877-8339.


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 -
Historical
data
May
2014
Jun.
2014
Jul.
2014
Jul.
2013
May
2014
Jun.
2014

All items

Jump to page with historical data
219.590   219.543 1.2 0.0  

All items (1967 = 100)

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688.841   688.695      

Food and beverages

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246.349   245.785 1.3 -0.2  

Food

Jump to page with historical data
240.574   240.455 1.5 0.0  

Food at home

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218.952 220.188 218.711 1.4 -0.1 -0.7

Food away from home

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274.057   274.150 1.7 0.0  

Alcoholic beverages

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326.276   316.672 -1.5 -2.9  

Housing

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194.563   196.035 3.6 0.8  

Shelter

Jump to page with historical data
205.541 206.242 206.614 4.2 0.5 0.2

Rent of primary residence (1)

Jump to page with historical data
212.138 213.310 214.180 5.3 1.0 0.4

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

Jump to page with historical data
220.670 221.295 221.579 3.3 0.4 0.1

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

Jump to page with historical data
220.670 221.295 221.579 3.3 0.4 0.1

Fuels and utilities

Jump to page with historical data
234.923   237.536 4.6 1.1  

Household energy

Jump to page with historical data
228.647 235.780 232.048 7.0 1.5 -1.6

Energy services (1) (3)

Jump to page with historical data
224.375 231.525 227.807 7.0 1.5 -1.6

Electricity (1)

Jump to page with historical data
213.802 220.219 217.459 5.1 1.7 -1.3

Utility (piped) gas service (1)

Jump to page with historical data
226.704 236.238 227.917 21.2 0.5 -3.5

Household furnishings and operations

Jump to page with historical data
127.734   130.055 -2.0 1.8  

Apparel

Jump to page with historical data
114.374   109.699 -5.3 -4.1  

Transportation

Jump to page with historical data
227.200   225.938 -2.7 -0.6  

Private transportation

Jump to page with historical data
229.100   228.799 -2.7 -0.1  

Motor fuel

Jump to page with historical data
319.873 325.946 319.717 -1.5 0.0 -1.9

Gasoline (all types)

Jump to page with historical data
318.421 324.649 318.269 -1.4 0.0 -2.0

Gasoline, unleaded regular (4)

Jump to page with historical data
312.906 319.213 312.792 -1.4 0.0 -2.0

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
325.033 330.444 324.282 -1.3 -0.2 -1.9

Gasoline, unleaded premium (4)

Jump to page with historical data
317.938 324.081 318.234 -1.1 0.1 -1.8

Medical care

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389.317   394.319 3.3 1.3  

Recreation (6)

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113.494   111.236 -0.5 -2.0  

Education and communication (6)

Jump to page with historical data
138.863   139.247 0.3 0.3  

Other goods and services

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376.818   375.761 1.0 -0.3  
 

COMMODITY AND SERVICE GROUP

 

Commodities

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184.852   184.301 -0.7 -0.3  

Commodities less food and beverages

Jump to page with historical data
155.262   154.739 -2.0 -0.3  

Nondurables less food and beverages

Jump to page with historical data
193.719   191.936 -2.2 -0.9  

Durables

Jump to page with historical data
120.825   121.442 -1.5 0.5  

Services

Jump to page with historical data
253.496   253.947 2.5 0.2  
 

SPECIAL AGGREGATE INDEXES

 

All items less shelter

Jump to page with historical data
226.665   226.121 -0.1 -0.2  

All items less medical care

Jump to page with historical data
211.151   210.891 1.0 -0.1  

Commodities less food

Jump to page with historical data
159.978   159.299 -2.0 -0.4  

Nondurables

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218.677   217.402 -0.5 -0.6  

Nondurables less food

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200.601   198.529 -2.2 -1.0  

Services less rent of shelter (2)

Jump to page with historical data
322.787   322.331 0.9 -0.1  

Services less medical care services

Jump to page with historical data
239.177   239.525 2.5 0.1  

Energy

Jump to page with historical data
274.468 281.136 276.167 1.9 0.6 -1.8

All items less energy

Jump to page with historical data
218.293   218.085 1.2 -0.1  

All items less food and energy

Jump to page with historical data
214.660   214.437 1.2 -0.1  

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) 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: August 19, 2014