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Thursday, February 20, 2014

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Consumer Price Index (CPI) for Denver-Boulder-Greeley

Prices increased 2.8 percent from the second half of 2012 to the second half of 2013


The Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley, Colo., metropolitan area increased 2.8 percent from the second half of 2012 to the second half of 2013, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that higher costs for shelter (4.9 percent) accounted for over half of the overall increase. Costs for energy were up 3.2 percent, food prices rose 0.2 percent, and the all items less food and energy index advanced 3.2 percent.

Chart 1. Over-the-year percent change in consumer price indexes, Denver, first half 2010-second half 2013

Food

Food prices rose 0.2 percent from the second half of 2012 to the second half of 2013, considerably less than the 2.5-percent advance in the same period one year ago. Prices for food away from home increased 0.7 percent while costs for food at home declined 0.2 percent over the year. Comparatively, these indexes rose 3.4 percent and 1.9 percent, respectively, from the second half of 2011 to the second half of 2012.

Energy

The energy index, which includes motor fuel and household fuels, increased 3.2 percent from the second half of 2012 to the second half of 2013. Costs for utility (piped) gas service led the advance with an increase of 25.8 percent after declining 18.1 percent in the same period one year ago. Higher prices for electricity, up 8.5 percent, also contributed to the increase. In contrast, motor fuel costs were down 3.9 percent over the period.

All items less food and energy

The index for all items less food and energy rose 3.2 percent from the second half of 2012 to the second half of 2013. Shelter costs had the greatest upward impact with a rise of 4.9 percent. Among other components of the index that registered higher prices over the year were medical care (3.4 percent) and education and communication (1.1 percent).

The Denver CPI-U stood at 232.439 for the second half of 2013. This means that a market basket of goods and services that cost $100.00 during the 1982-84 base period cost $232.44 during the second half of 2013. Because metropolitan area CPI data are not adjusted for seasonal price variation, consumers and businesses should be cautious in drawing conclusions about long-term retail price trends from short-term changes in the area indexes.

CPI-W

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the Denver-Boulder-Greeley, Colo., metropolitan area for the second half of 2013 was 223.133. The CPI-W increased 2.9 percent from the second half of 2012 to the second half of 2013.


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 areas; they only measure the average change in prices for each area since the base period.

The Denver-Boulder-Greeley, Colo., Metropolitan Statistical Area includes Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson, and Weld Counties in Colorado.

 

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Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods

Denver-Boulder-Greeley, CO (1982-84=100 unless otherwise noted)
Item and Group

Semiannual average indexes
Percent change to
2nd half 2013 from-
2nd half
2012
1st half
2013
2nd half
2013
2nd half
2012
1st half
2013

Expenditure category

 
 

All Items

226.177 229.142 232.439 2.8 1.4

All items (1967=100)

754.205 764.094 775.087    

Food and beverages

215.874 216.738 216.455 0.3 -0.1

Food

218.964 219.823 219.356 0.2 -0.2

Food at home

218.316 218.377 217.845 -0.2 -0.2

Food away from home

219.808 220.939 221.361 0.7 0.2

Alcoholic beverages

190.990 191.970 194.005 1.6 1.1

Housing

202.318 207.253 213.466 5.5 3.0

Shelter

226.994 231.768 238.079 4.9 2.7

Rent of primary residence (1)

225.943 232.933 242.387 7.3 4.1

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

221.290 225.280 230.636 4.2 2.4

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

221.290 225.280 230.636 4.2 2.4

Fuels and utilities

194.122 206.493 220.722 13.7 6.9

Household energy

144.949 155.164 168.007 15.9 8.3

Energy services (1)

143.298 153.678 166.512 16.2 8.4

Electricity (1)

153.132 162.521 166.210 8.5 2.3

Utility (piped) gas service (1)

137.073 148.913 172.447 25.8 15.8

Household furnishings and operations

118.409 118.477 119.128 0.6 0.5

Apparel

108.096 110.190 108.297 0.2 -1.7

Transportation

263.448 262.304 263.350 0.0 0.4

Private transportation

262.587 259.886 262.446 -0.1 1.0

Motor fuel

288.540 284.491 277.422 -3.9 -2.5

Gasoline (all types)

286.352 282.471 275.403 -3.8 -2.5

Gasoline, unleaded regular (3)

283.422 279.383 271.824 -4.1 -2.7

Gasoline, unleaded midgrade (3) (4)

269.153 265.689 260.108 -3.4 -2.1

Gasoline, unleaded premium (3)

285.132 282.079 276.691 -3.0 -1.9

Medical Care

480.813 487.877 497.149 3.4 1.9

Recreation (5)

145.800 146.821 146.665 0.6 -0.1

Education and communication (5)

121.875 122.498 123.221 1.1 0.6

Other goods and services

347.953 351.975 352.556 1.3 0.2
 

Commodity and Service Group

 
 

All Items

226.177 229.142 232.439 2.8 1.4

Commodities

175.022 175.277 174.924 -0.1 -0.2

Commodities less food & beverages

153.485 153.428 153.049 -0.3 -0.2

Nondurables less food & beverages

190.351 190.618 189.611 -0.4 -0.5

Durables

116.094 115.684 115.978 -0.1 0.3

Services

270.035 275.516 282.210 4.5 2.4
 

Special aggregate indexes:

 
 

All items less medical care

214.298 217.079 220.120 2.7 1.4

All items less shelter

227.146 229.080 230.789 1.6 0.7

Commodities less food

154.935 154.916 154.624 -0.2 -0.2

Nondurables

203.756 204.320 203.664 0.0 -0.3

Nondurables less food

189.812 190.125 189.326 -0.3 -0.4

Services less rent of shelter (2)

333.655 340.142 347.270 4.1 2.1

Services less medical care services

252.561 257.799 264.247 4.6 2.5

Energy

209.783 213.201 216.577 3.2 1.6

All items less energy

228.704 231.727 234.813 2.7 1.3

All items less food and energy

230.913 234.383 238.204 3.2 1.6

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 November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.

Table 2. Consumer Price Index for Wage Earners and Clerical Workers (CPI-W): Indexes for semiannual averages and percent changes for selected periods

Denver-Boulder-Greeley, CO (1982-84=100 unless otherwise noted)
Item and Group

Semiannual average indexes
Percent change to
2nd half 2013 from-
2nd half
2012
1st half
2013
2nd half
2013
2nd half
2012
1st half
2013

Expenditure category

 
 

All Items

216.767 219.558 223.133 2.9 1.6

All items (1967=100)

721.515 730.804 742.707    

Food and beverages

217.632 218.750 218.240 0.3 -0.2

Food

220.917 222.046 221.290 0.2 -0.3

Food at home

219.347 219.798 218.682 -0.3 -0.5

Food away from home

223.553 224.821 225.252 0.8 0.2

Alcoholic beverages

195.949 197.005 198.860 1.5 0.9

Housing

195.493 200.502 206.962 5.9 3.2

Shelter

216.036 220.838 227.199 5.2 2.9

Rent of primary residence (1)

225.943 232.933 242.387 7.3 4.1

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

206.584 210.309 215.310 4.2 2.4

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

206.584 210.309 215.310 4.2 2.4

Fuels and utilities

189.959 202.003 215.597 13.5 6.7

Household energy

144.456 154.599 166.963 15.6 8.0

Energy services (1)

144.196 154.558 166.987 15.8 8.0

Electricity (1)

153.131 162.521 166.209 8.5 2.3

Utility (piped) gas service (1)

137.074 148.914 172.448 25.8 15.8

Household furnishings and operations

122.311 122.045 123.705 1.1 1.4

Apparel

106.363 108.017 107.237 0.8 -0.7

Transportation

260.572 258.597 260.314 -0.1 0.7

Private transportation

258.608 256.091 258.314 -0.1 0.9

Motor fuel

288.645 284.619 277.538 -3.8 -2.5

Gasoline (all types)

286.348 282.468 275.399 -3.8 -2.5

Gasoline, unleaded regular (3)

283.427 279.388 271.829 -4.1 -2.7

Gasoline, unleaded midgrade (3) (4)

269.153 265.689 260.108 -3.4 -2.1

Gasoline, unleaded premium (3)

285.172 282.118 276.729 -3.0 -1.9

Medical Care

483.964 490.440 499.289 3.2 1.8

Recreation (5)

126.184 127.885 127.833 1.3 0.0

Education and communication (5)

117.447 118.230 118.818 1.2 0.5

Other goods and services

349.122 353.197 353.417 1.2 0.1
 

Commodity and Service Group

 
 

All Items

216.767 219.558 223.133 2.9 1.6

Commodities

180.333 180.243 179.941 -0.2 -0.2

Commodities less food & beverages

157.345 156.866 156.642 -0.4 -0.1

Nondurables less food & beverages

203.483 202.775 201.763 -0.8 -0.5

Durables

111.111 110.854 111.324 0.2 0.4

Services

255.693 261.061 268.099 4.9 2.7
 

Special aggregate indexes:

 
 

All items less medical care

206.454 209.106 212.494 2.9 1.6

All items less shelter

220.666 222.300 224.379 1.7 0.9

Commodities less food

158.515 158.081 157.918 -0.4 -0.1

Nondurables

215.119 215.155 214.337 -0.4 -0.4

Nondurables less food

202.308 201.708 200.871 -0.7 -0.4

Services less rent of shelter (2)

299.122 304.907 312.471 4.5 2.5

Services less medical care services

239.139 244.268 251.025 5.0 2.8

Energy

219.536 222.232 224.381 2.2 1.0

All items less energy

217.045 219.994 223.458 3.0 1.6

All items less food and energy

217.192 220.399 224.444 3.3 1.8

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 November 1984=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.

 

Last Modified Date: February 20, 2014