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FOR FURTHER INFORMATION:
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FOR RELEASE:
February 20, 2008
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CONSUMER PRICE INDEX FOR DENVER-BOULDER-GREELEY, CO
Prices increase 1.9 percent from the second half of 2006 to the second half of 2007
The Consumer Price Index for All Urban Consumers (CPI-U) for the Denver metropolitan area increased 1.9 percent from the second half of 2006 to the second half of 2007 after increasing 3.4 percent during the same period one year ago, the Bureau of Labor Statistics reported today. According to Regional Commissioner Stanley W. Suchman, while costs in six of the eight major expenditure categories were up over the period, over half of the increase in the overall index was attributable to advances in the transportation and food and beverages indexes.
Energy prices, which include prices for motor fuel and household fuels, were up 5.5 percent from one year ago after declining 6.5 percent from the second half of 2005 to the second half of 2006. Excluding the impact of energy prices, the CPI for Denver rose 1.5 percent from the second half of 2006 to the second half of 2007. Core inflation (as measured by the index for all items less food and energy) increased 0.9 percent during the same period.
Transportation prices advanced 4.8 percent from the second half of 2006 to the second half of 2007 following an increase of 1.1 percent in the same period one year ago. Private transportation costs rose 4.4 percent over the year, with motor fuel prices increasing a sharp 14.6 percent after registering a 3.2 percent rise during the same period one year ago.
The food and beverages index rose 4.5 percent over the year, the largest over-the-year increase since 2001. In the second half of 2007 prices for food at home were 4.6 percent higher than in the second half of 2006, and were responsible for over half of the increase in the food and beverages index. Costs of food away from home were up 4.5 percent and prices for alcoholic beverages rose 2.1 percent over the period.
In contrast, the apparel index fell 7.6 percent from the second half of 2006 to the second half of 2007. The decrease in apparel costs in the second half of 2007 follows increases during the same period in each of the previous three years.
The housing index was down 0.2 percent from the second half of 2006 to the second half of 2007 with decreases in prices for fuels and utilities and household furnishings and operations more than offsetting an increase in prices for shelter. Shelter costs were 1.3 percent higher after advancing 5.5 percent in the same period one year ago. Within shelter, rent of primary residence edged up 0.2 percent and owners' equivalent rent of primary residence was up 0.5 percent. Higher prices for lodging away from home also contributed to the increase in shelter costs. The fuels and utilities index was 5.1 percent lower in the second half of 2007 following a decrease of 10.5 percent in the same period one year ago. Electricity costs were up 1.8 percent while prices for utility (piped) gas service fell 12.7 percent. Prices for household furnishings and operations declined 5.9 percent over the period.
The Denver metropolitan area also recorded higher prices in the remaining four major expenditure categories. Costs for medical care advanced 4.3 percent from the second half of 2006 to the second half of 2007. Recreation prices, which include prices for sporting goods and toys, rose 2.7 percent. Education and communication costs were up 4.4 percent. The index for other goods and services, which includes tobacco and smoking products and personal care items, rose 0.7 percent over the period.
The Denver CPI-U stood at 202.799 for the second half of 2007. This means that a market basket of goods and services that cost $100.00 during the 1982-84 base period cost $202.80 during the second half of 2007.
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.
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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)
Semiannual average indexes Percent change to
2nd half 2007 from-
Item and Group
2nd half 1st half 2nd half
2006 2007 2007 2nd half 1st half
2006 2007
Expenditure category
All items.................................... 199.1 201.258 202.799 1.9 0.8
All items (1967=100)......................... 663.9 671.112 676.250 - -
Food and beverages.......................... 185.2 190.844 193.495 4.5 1.4
Food....................................... 186.8 192.812 195.709 4.8 1.5
Food at home.............................. 189.5 195.093 198.286 4.6 1.6
Food away from home....................... 182.6 188.429 190.746 4.5 1.2
Alcoholic beverages........................ 174.3 177.159 177.959 2.1 .5
Housing..................................... 188.2 189.463 187.856 -.2 -.8
Shelter.................................... 205.9 207.470 208.567 1.3 .5
Rent of primary residence................. 197.5 197.545 197.873 .2 .2
Owners' equivalent rent of primary
residence (1) ........................ 203.8 205.861 204.749 .5 -.5
Fuels and utilities........................ 186.1 189.868 176.639 -5.1 -7.0
Household energy.......................... 142.1 146.281 132.685 -6.6 -9.3
Gas (piped) and electricity.............. 141.0 145.203 131.385 -6.8 -9.5
Electricity............................. 117.3 123.427 119.364 1.8 -3.3
Utility (piped) gas service............. 184.1 186.627 160.697 -12.7 -13.9
Household furnishings and operations....... 132.0 129.497 124.155 -5.9 -4.1
Apparel..................................... 107.9 99.061 99.748 -7.6 .7
Transportation.............................. 213.0 215.548 223.280 4.8 3.6
Private transportation..................... 210.5 212.443 219.836 4.4 3.5
Motor fuel................................ 208.3 217.329 238.771 14.6 9.9
Gasoline (all types)..................... 207.3 216.402 237.751 14.7 9.9
Gasoline, unleaded regular (2).......... 205.0 214.015 235.052 14.7 9.8
Gasoline, unleaded midgrade (2) (3)..... 196.7 204.516 224.526 14.1 9.8
Gasoline, unleaded premium (2).......... 205.9 215.531 237.364 15.3 10.1
Medical care................................ 388.4 400.579 405.130 4.3 1.1
Recreation (4).............................. 122.6 122.420 125.918 2.7 2.9
Education and communication (4)............. 106.0 110.175 110.703 4.4 .5
Other goods and services.................... 299.2 304.913 301.431 .7 -1.1
Commodity and service group
All items.................................... 199.1 201.258 202.799 1.9 .8
Commodities................................. 155.4 156.532 159.024 2.3 1.6
Commodities less food and beverages........ 139.3 138.248 140.630 1.0 1.7
Nondurables less food and beverages....... 164.1 163.603 169.025 3.0 3.3
Durables.................................. 114.9 113.456 113.057 -1.6 -.4
Services.................................... 235.9 239.086 239.539 1.5 .2
Special aggregate indexes
All items less medical care.................. 189.8 191.580 192.999 1.7 .7
All items less shelter....................... 197.0 199.401 201.266 2.2 .9
Commodities less food........................ 140.5 139.760 142.046 1.1 1.6
Nondurables.................................. 175.2 177.769 181.832 3.8 2.3
Nondurables less food........................ 164.2 164.083 168.990 2.9 3.0
Services less rent of shelter (1) ........... 279.7 285.079 285.031 1.9 .0
Services less medical care services.......... 222.5 224.956 225.221 1.2 .1
Energy....................................... 172.0 178.399 181.413 5.5 1.7
All items less energy........................ 202.4 204.132 205.422 1.5 .6
All items less food and energy.............. 205.7 206.591 207.563 .9 .5
1 Index is on a November 1982=100 base.
2 Special index based on a substantially smaller sample.
3 Indexes on a December 1993=100 base.
4 Indexes on a December 1997=100 base.
- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date.
Consumer Price Index for Urban 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)
Semiannual average indexes Percent change to
2nd half 2007 from-
Item and Group
2nd half 1st half 2nd half
2006 2007 2007 2nd half 1st half
2006 2007
Expenditure category
All items.................................... 191.4 193.585 194.819 1.8 0.6
All items (1967=100)......................... 637.2 644.352 648.459 - -
Food and beverages.......................... 185.3 191.577 194.358 4.9 1.5
Food....................................... 186.9 193.634 196.572 5.2 1.5
Food at home.............................. 188.7 194.754 197.866 4.9 1.6
Food away from home....................... 183.5 190.350 192.956 5.2 1.4
Alcoholic beverages........................ 179.7 181.808 183.108 1.9 .7
Housing..................................... 182.0 183.055 180.345 -.9 -1.5
Shelter.................................... 196.1 197.414 197.307 .6 -.1
Rent of primary residence................. 197.5 197.545 197.873 .2 .2
Owners' equivalent rent of primary
residence (1)........................ 190.3 192.181 191.143 .4 -.5
Fuels and utilities........................ 183.4 186.935 173.492 -5.4 -7.2
Household energy.......................... 141.6 145.790 132.092 -6.7 -9.4
Gas (piped) and electricity.............. 141.6 145.730 131.841 -6.9 -9.5
Electricity............................. 117.3 123.426 119.364 1.8 -3.3
Utility (piped) gas service............. 184.1 186.628 160.698 -12.7 -13.9
Household furnishings and operations....... 136.9 133.978 127.617 -6.8 -4.7
Apparel..................................... 99.4 91.658 94.522 -4.9 3.1
Transportation.............................. 210.4 213.127 222.035 5.5 4.2
Private transportation..................... 208.2 210.589 219.401 5.4 4.2
Motor fuel................................ 208.3 217.297 238.736 14.6 9.9
Gasoline (all types)..................... 207.3 216.399 237.748 14.7 9.9
Gasoline, unleaded regular (2).......... 205.0 214.019 235.057 14.7 9.8
Gasoline, unleaded midgrade (2) (3)..... 196.7 204.516 224.526 14.1 9.8
Gasoline, unleaded premium (2).......... 206.0 215.561 237.397 15.2 10.1
Medical care................................ 386.6 398.456 403.098 4.3 1.2
Recreation (4).............................. 112.8 112.146 114.859 1.8 2.4
Education and communication (4)............. 107.0 112.304 111.652 4.3 -.6
Other goods and services.................... 299.2 306.889 302.802 1.2 -1.3
Commodity and service group
All items.................................... 191.4 193.585 194.819 1.8 .6
Commodities................................. 157.6 159.082 162.132 2.9 1.9
Commodities less food and beverages........ 139.5 138.819 141.897 1.7 2.2
Nondurables less food and beverages....... 171.4 171.292 178.587 4.2 4.3
Durables.................................. 108.7 107.250 105.790 -2.7 -1.4
Services.................................... 226.7 229.491 228.722 .9 -.3
Special aggregate indexes
All items less medical care.................. 183.3 185.155 186.272 1.6 .6
All items less shelter....................... 192.2 194.733 196.615 2.3 1.0
Commodities less food........................ 141.0 140.371 143.371 1.7 2.1
Nondurables.................................. 181.8 184.738 190.037 4.5 2.9
Nondurables less food........................ 171.7 171.805 178.643 4.0 4.0
Services less rent of shelter (1)........... 258.4 263.210 261.695 1.3 -.6
Services less medical care services.......... 213.8 216.032 215.035 .6 -.5
Energy....................................... 180.5 187.336 191.326 6.0 2.1
All items less energy........................ 192.9 194.572 195.360 1.3 .4
All items less food and energy.............. 195.2 195.710 196.053 .4 .2
1 Index is on a November 1984=100 base.
2 Special index based on a substantially smaller sample.
3 Indexes on a December 1993=100 base.
4 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: February 20, 2008
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