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14-1118-DAL

Tuesday, June 17, 2014

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Further information:

Consumer Price Index, West Region – May 2014

Area prices were up 0.6 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), increased 0.6 percent in May, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Stanley W. Suchman noted that the May increase was influenced by higher prices for electricity and shelter. (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 increased 2.3 percent. (See chart 1.) Energy prices advanced 3.1 percent, influenced by increases in prices for gasoline. The index for all items less food and energy rose 2.2 percent since May 2013.

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), West region, May 2011–May 2014


Food

Food prices increased 0.6 percent for the month of May. (See table 1.) Prices for food at home advanced 0.8 percent, and prices for food away from home increased 0.2 percent for the same period.

Over the year, food prices were up 2.7 percent. Prices for food at home rose 3.1 percent since a year ago, and prices for food away from home advanced 2.1 percent.

Energy

The energy index increased 4.6 percent over the month. The increase was mainly due to higher prices for electricity (13.1 percent). Prices for natural gas service advanced 3.7 percent, and prices for gasoline increased 1.3 percent in May.

Energy prices were up 3.1 percent over the year, influenced by higher prices for gasoline (2.2 percent). Higher costs for natural gas service (9.6 percent) and electricity (2.8 percent) also contributed to the advance.

All items less food and energy

The index for all items less food and energy inched up 0.2 percent in May. Higher prices for categories such as medical care (0.5 percent) and shelter (0.3 percent) were partially offset by lower prices for apparel (-0.8 percent) and recreation (-0.2 percent).

Over the year, the index for all items less food and energy rose 2.2 percent. Components contributing to the increase included shelter (3.1 percent) and medical care (3.1 percent). Partly offsetting the increases were price declines in household furnishings and operations (-1.3 percent).


Table A. West region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month

2009 2010 2011 2012 2013 2014
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 0.1 0.3 1.9 0.5 1.4 0.4 2.6 0.3 1.7 0.3 1.7

February

0.5 0.3 0.1 1.4 0.6 1.9 0.4 2.5 0.8 2.0 0.4 1.3

March

0.1 -0.5 0.3 1.6 0.9 2.6 0.9 2.4 0.4 1.5 0.6 1.5

April

0.3 -0.7 0.2 1.5 0.6 3.0 0.2 2.1 0.0 1.3 0.3 1.8

May

0.3 -1.1 0.1 1.3 0.3 3.2 0.2 2.0 0.2 1.3 0.6 2.3

June

0.6 -1.4 -0.1 0.6 -0.2 3.1 -0.2 2.0 0.1 1.5 - -

July

-0.2 -2.0 0.1 0.8 -0.1 2.9 -0.3 1.8 0.0 1.9 - -

August

0.2 -1.3 0.1 0.7 0.2 3.0 0.5 2.1 0.1 1.5 - -

September

0.2 -0.8 -0.1 0.5 0.4 3.5 0.5 2.2 0.2 1.3 - -

October

0.1 -0.3 0.1 0.6 0.0 3.4 0.4 2.5 -0.1 0.9 - -

November

-0.3 1.2 0.0 0.9 -0.2 3.2 -0.7 1.9 -0.4 1.3 - -

December

-0.2 2.2 0.2 1.3 -0.3 2.7 -0.5 1.7 0.0 1.8 - -
_______________________
The June 2014 Consumer Price Index for the West Region is scheduled to be released on July 22, 2014 at 7:30 a.m.(CT).



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 the 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/pdf/homch17.pdf.

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: 1-800-877-8339.



Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, West Region (1982-84=100 unless otherwise noted)
Item and Group

Indexes
Percent change from-
Mar.
2014
Apr.
2014
May
2014
May
2013
Mar.
2014
Apr.
2014

Expenditure category

 
 

All Items

239.092 239.808 241.350 2.3 0.9 0.6

All items (December 1977=100)

386.479 387.636 390.129      

Food and beverages

241.972 242.760 244.121 2.6 0.9 0.6

Food

241.869 242.718 244.112 2.7 0.9 0.6

Food at home

241.499 242.726 244.742 3.1 1.3 0.8

Food away from home

241.201 241.511 242.022 2.1 0.3 0.2

Alcoholic beverages

239.940 239.960 240.886 1.5 0.4 0.4

Housing

243.713 242.815 245.240 2.8 0.6 1.0

Shelter

273.437 274.071 274.974 3.1 0.6 0.3

Rent of primary residence (1)

285.716 286.259 286.829 3.5 0.4 0.2

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

287.131 287.774 288.271 2.9 0.4 0.2

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

287.125 287.767 288.267 2.9 0.4 0.2

Fuels and utilities

270.254 257.994 276.167 4.2 2.2 7.0

Household energy

240.046 224.403 247.385 4.4 3.1 10.2

Energy services (1)

240.596 225.265 249.323 4.4 3.6 10.7

Electricity (1)

261.332 241.113 272.761 2.8 4.4 13.1

Utility (piped) gas service (1)

206.381 201.757 209.205 9.6 1.4 3.7

Household furnishings and operations

129.006 128.113 128.370 -1.3 -0.5 0.2

Apparel

121.101 123.012 122.019 0.6 0.8 -0.8

Transportation

217.079 221.453 223.474 1.8 2.9 0.9

Private transportation

211.598 215.125 216.237 1.5 2.2 0.5

New and used motor vehicles (3)

101.473 101.790 101.789 0.3 0.3 0.0

New vehicles

146.200 146.284 146.155 0.4 0.0 -0.1

New cars and trucks (3) (4)

101.577 101.627 101.531 0.5 0.0 -0.1

New cars (4)

147.052 146.916 146.905 0.0 -0.1 0.0

Used cars and trucks

144.914 146.421 147.301 0.6 1.6 0.6

Motor fuel

304.119 316.587 320.652 2.4 5.4 1.3

Gasoline (all types)

302.620 315.309 319.416 2.2 5.6 1.3

Unleaded regular (4)

301.530 314.336 318.600 2.2 5.7 1.4

Unleaded midgrade (4) (5)

285.415 296.559 299.443 2.2 4.9 1.0

Unleaded premium (4)

287.977 299.459 302.887 2.2 5.2 1.1

Medical Care

438.157 437.756 439.753 3.1 0.4 0.5

Medical care commodities

326.909 326.435 328.910 1.8 0.6 0.8

Medical care services

473.952 473.589 475.352 3.5 0.3 0.4

Professional services

330.805 330.367 332.169 2.8 0.4 0.5

Recreation (3)

109.910 110.633 110.399 0.8 0.4 -0.2

Education and communication (3)

138.305 138.348 138.345 1.3 0.0 0.0

Other goods and services

397.667 398.038 397.420 2.1 -0.1 -0.2
 

Commodity and Service Group

 
 

All Items

239.092 239.808 241.350 2.3 0.9 0.6

Commodities

184.384 185.762 186.363 1.0 1.1 0.3

Commodities less food & beverages

154.256 155.829 156.096 -0.1 1.2 0.2

Nondurables less food & beverages

200.719 203.949 204.650 0.9 2.0 0.3

Nondurables less food, beverages, and apparel

256.507 260.660 262.494 0.9 2.3 0.7

Durables

111.423 111.491 111.366 -1.3 -0.1 -0.1

Services

289.155 289.225 291.656 3.1 0.9 0.8

Rent of shelter (2)

290.976 291.655 292.497 3.1 0.5 0.3

Transportation services

275.306 280.043 283.792 3.5 3.1 1.3

Other services

331.774 332.829 332.869 2.3 0.3 0.0
 

Special aggregate indexes:

 
 

All items less medical care

229.921 230.679 232.194 2.2 1.0 0.7

All items less food

238.849 239.544 241.111 2.2 0.9 0.7

All items less shelter

226.609 227.367 229.195 1.8 1.1 0.8

Commodities less food

157.696 159.233 159.521 0.0 1.2 0.2

Nondurables

222.441 224.562 225.581 1.7 1.4 0.5

Nondurables less food

204.093 207.147 207.865 0.9 1.8 0.3

Nondurables less food and apparel

254.522 258.272 260.016 0.9 2.2 0.7

Services less rent of shelter (2)

319.723 319.002 323.794 3.1 1.3 1.5

Services less medical care services

276.358 276.452 278.903 3.1 0.9 0.9

Energy

278.139 277.977 290.668 3.1 4.5 4.6

All items less energy

238.072 238.860 239.570 2.3 0.6 0.3

All items less food and energy

238.155 238.935 239.528 2.2 0.6 0.2

Commodities less food and energy commodities

141.196 141.522 141.386 -0.4 0.1 -0.1

Energy commodities

309.037 320.772 324.614 2.4 5.0 1.2

Services less energy services

292.975 294.028 295.086 3.0 0.7 0.4

(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.
- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: June 17, 2014