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FOR FURTHER INFORMATION:
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FOR RELEASE:
February 20, 2008
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CONSUMER PRICE INDEX FOR ST. LOUIS, MO-IL
Prices increase 2.1 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 St. Louis metropolitan area increased 2.1 percent from the second half of 2006 to the second half of 2007, the Bureau of Labor Statistics reported today. According to Regional Commissioner Stanley W. Suchman, rising prices for energy, largely attributable to an upturn in gasoline prices, accounted for approximately one-third of the increase in the overall index. Energy prices, which include prices for motor fuel and household fuels, advanced 7.7 percent over the year. Excluding the impact of energy, the CPI for St. Louis rose 1.7 percent. Core inflation (as measured by the all items less food and energy index) increased 1.5 percent over the year.
Among the eight major expenditure categories, rising prices for transportation, housing, and food and beverages had the largest impact on the overall index, each accounting for over one-fifth of the overall increase. Transportation prices rose 2.6 percent over the year driven by a 14.1 percent increase in motor fuel costs. Private transportation costs, which include prices for vehicles and motor fuel, were up 2.9 percent from the second half of 2006 to the second half of 2007.
Housing costs increased 1.1 percent due largely to a 1.8 percent rise in shelter costs. Within shelter, rent of primary residence increased 2.8 percent and owners' equivalent rent of primary residence rose 1.2 percent. Increases in prices for fuels and utilities moderated, rising 1.1 percent over the year following an increase of 7.4 percent in the same period one year ago. Electricity prices rose at a more rapid pace in the current period, rising 6.2 percent after rising at rates of less than 1 percent in the same period in each of the prior two years. Partially countering the increase in electricity prices, charges for utility (piped) gas service reversed their recent trend and were down 6.0 percent from the second half of 2006 to the second half of 2007 after registering double-digit increases during the same period in each of the prior four years. Prices for household furnishings and operations declined 2.8 percent.
Food and beverages costs rose 2.9 percent from the second half of 2006 to the second half of 2007. Prices for food at home rose 2.1 percent and prices for food away from home were up 4.2 percent. Alcoholic beverages prices increased 2.8 percent.
Higher prices for apparel and education and communication also contributed upward pressure on the all items index. Apparel prices rose 8.0 percent over the year following a decrease of 4.5 percent in the same period one year ago. Education and communication prices were up 3.2 percent from the second half of 2006 to the second half of 2007.
The remaining major groups each accounted for less than five percent of the increase in the overall index. Recreation prices, which include admissions to movies, concerts, and sporting events, rose 1.7 percent since the second half of 2006. Medical care costs increased 1.0 percent after increasing 5.2 percent during the same period one year ago. Prices for other goods and services, which include tobacco and smoking products and personal care items, increased 1.6 percent.
The St. Louis CPI-U stood at 194.338 for the second half of 2007. This means that a market basket of goods and services that cost $100.00 in 1982-84 cost $194.34 in 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 metropolitan 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
St. Louis, MO-IL (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.................................... 190.3 192.125 194.338 2.1 1.2
All items (1967=100)......................... 565.4 570.642 577.214 - -
Food and beverages.......................... 191.6 194.464 197.064 2.9 1.3
Food....................................... 190.2 193.009 195.671 2.9 1.4
Food at home.............................. 183.4 185.218 187.230 2.1 1.1
Food away from home....................... 202.2 207.037 210.777 4.2 1.8
Alcoholic beverages........................ 194.4 198.153 199.926 2.8 .9
Housing..................................... 183.9 184.323 185.961 1.1 .9
Shelter.................................... 205.9 208.193 209.558 1.8 .7
Rent of primary residence................. 184.4 186.814 189.558 2.8 1.5
Owners' equivalent rent of primary
residence (1) ........................ 213.8 215.722 216.290 1.2 .3
Fuels and utilities........................ 180.6 175.060 182.620 1.1 4.3
Household energy.......................... 174.1 160.785 175.864 1.0 9.4
Gas (piped) and electricity.............. 178.2 164.134 179.640 .8 9.4
Electricity............................. 140.6 128.369 149.336 6.2 16.3
Utility (piped) gas service............. 219.5 204.489 206.334 -6.0 .9
Household furnishings and operations....... 137.1 134.903 133.281 -2.8 -1.2
Apparel..................................... 116.3 123.821 125.583 8.0 1.4
Transportation.............................. 175.8 176.631 180.346 2.6 2.1
Private transportation..................... 176.1 177.436 181.261 2.9 2.2
Motor fuel................................ 228.9 241.060 261.217 14.1 8.4
Gasoline (all types)..................... 225.2 237.204 257.046 14.1 8.4
Gasoline, unleaded regular (2).......... 219.7 231.553 249.524 13.6 7.8
Gasoline, unleaded midgrade (2) (3)..... 258.6 272.231 297.469 15.0 9.3
Gasoline, unleaded premium (2).......... 217.3 227.885 252.169 16.0 10.7
Medical care................................ 339.5 344.824 342.893 1.0 -.6
Recreation (4).............................. 117.1 119.257 119.138 1.7 -.1
Education and communication (4)............. 121.9 122.171 125.765 3.2 2.9
Other goods and services.................... 256.5 260.852 260.630 1.6 -.1
Commodity and service group
All items.................................... 190.3 192.125 194.338 2.1 1.2
Commodities................................. 163.7 165.968 167.959 2.6 1.2
Commodities less food and beverages........ 147.7 149.701 151.382 2.5 1.1
Nondurables less food and beverages....... 180.2 185.656 190.782 5.9 2.8
Durables.................................. 116.4 115.661 114.599 -1.5 -.9
Services.................................... 218.6 219.928 222.383 1.7 1.1
Special aggregate indexes
All items less medical care.................. 182.8 184.501 186.855 2.2 1.3
All items less shelter....................... 186.6 188.303 190.882 2.3 1.4
Commodities less food........................ 149.9 151.980 153.669 2.5 1.1
Nondurables.................................. 186.2 190.366 194.236 4.3 2.0
Nondurables less food........................ 181.7 187.045 191.918 5.6 2.6
Services less rent of shelter (1) ........... 237.3 237.630 241.441 1.7 1.6
Services less medical care services.......... 207.3 208.222 211.038 1.8 1.4
Energy....................................... 197.4 195.436 212.682 7.7 8.8
All items less energy........................ 192.3 194.316 195.627 1.7 .7
All items less food and energy.............. 193.1 194.906 195.963 1.5 .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
St. Louis, MO-IL (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.................................... 189.4 190.919 193.393 2.1 1.3
All items (1967=100)......................... 557.2 561.693 568.973 - -
Food and beverages.......................... 191.8 194.530 197.422 2.9 1.5
Food....................................... 191.1 193.791 196.658 2.9 1.5
Food at home.............................. 183.6 185.487 187.496 2.1 1.1
Food away from home....................... 203.0 207.684 211.483 4.2 1.8
Alcoholic beverages........................ 185.2 187.890 190.955 3.1 1.6
Housing..................................... 186.8 186.825 188.574 .9 .9
Shelter.................................... 205.8 208.133 209.265 1.7 .5
Rent of primary residence................. 184.4 186.814 189.558 2.8 1.5
Owners' equivalent rent of primary
residence (1)........................ 195.9 197.632 198.152 1.1 .3
Fuels and utilities........................ 183.6 177.957 185.728 1.2 4.4
Household energy.......................... 175.5 161.982 177.410 1.1 9.5
Gas (piped) and electricity.............. 179.9 165.719 181.460 .9 9.5
Electricity............................. 140.6 128.369 149.334 6.2 16.3
Utility (piped) gas service............. 219.5 204.490 206.335 -6.0 .9
Household furnishings and operations....... 134.5 132.219 130.042 -3.3 -1.6
Apparel..................................... 119.0 123.765 125.929 5.8 1.7
Transportation.............................. 178.7 179.553 183.362 2.6 2.1
Private transportation..................... 178.0 179.067 182.921 2.8 2.2
Motor fuel................................ 228.9 241.045 261.202 14.1 8.4
Gasoline (all types)..................... 225.2 237.204 257.047 14.1 8.4
Gasoline, unleaded regular (2).......... 219.7 231.542 249.512 13.6 7.8
Gasoline, unleaded midgrade (2) (3)..... 258.6 272.231 297.469 15.0 9.3
Gasoline, unleaded premium (2).......... 217.3 227.895 252.181 16.1 10.7
Medical care................................ 338.1 343.641 342.482 1.3 -.3
Recreation (4).............................. 118.7 120.920 120.762 1.7 -.1
Education and communication (4)............. 118.9 119.223 122.789 3.3 3.0
Other goods and services.................... 255.0 259.408 259.208 1.7 -.1
Commodity and service group
All items.................................... 189.4 190.919 193.393 2.1 1.3
Commodities................................. 167.5 169.312 171.595 2.4 1.3
Commodities less food and beverages........ 153.3 154.678 156.655 2.2 1.3
Nondurables less food and beverages....... 182.0 186.592 192.048 5.5 2.9
Durables.................................. 123.1 122.137 121.559 -1.3 -.5
Services.................................... 216.7 217.846 220.554 1.8 1.2
Special aggregate indexes
All items less medical care.................. 183.1 184.529 187.095 2.2 1.4
All items less shelter....................... 185.3 186.651 189.505 2.3 1.5
Commodities less food........................ 155.0 156.387 158.399 2.2 1.3
Nondurables.................................. 186.9 190.582 194.761 4.2 2.2
Nondurables less food........................ 182.5 187.028 192.374 5.4 2.9
Services less rent of shelter (1)........... 217.9 218.195 222.204 2.0 1.8
Services less medical care services.......... 205.8 206.613 209.614 1.9 1.5
Energy....................................... 197.5 196.165 213.545 8.1 8.9
All items less energy........................ 190.6 192.241 193.653 1.6 .7
All items less food and energy.............. 190.3 191.770 192.854 1.3 .6
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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