Consumer Price Index, Honolulu – Second Half 2013
Area prices up 0.6 percent over the past six months, up 1.7 percent from a year ago
Prices in the greater Honolulu area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.6 percent in the second half of 2013, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that this latest six-month period increase was influenced by higher prices for shelter and education and communication. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)
Over the past 12 months, the CPI-U rose 1.7 percent. (See chart 1.) Energy prices declined 1.2 percent, mainly due to a price decrease for gasoline. The index for all items less food and energy increased 1.9 percent over the year.
Food prices increased 0.5 percent in the second half of 2013. (See table 1.) Prices for food away from home were up 1.8 percent for the past six months. Prices for food at home declined 1.0 percent for the same period.
For the year ending in the second half of 2013, food prices rose 2.8 percent. Prices for food away from home moved up 4.9 percent duringthe past 12 months, and prices for food at home increased 0.5 percent.
The energy index decreased 1.9 percent since the first half of 2013, strongly influenced by a 3.5 percent decline in the price for gasoline. Also contributing to the decrease were lower prices for natural gas service (-5.5 percent) and electricity (-0.2 percent).
Energy prices declined 1.2 percent over the year. Prices decreased for natural gas service (-4.8 percent), gasoline (-2.1 percent), and electricity (-0.2 percent) for the same period.
All items less food and energy
The index for all items less food and energy increased 0.8 percent from the first half of 2013 to the second half of 2013. Among the index components, increases were recorded for education and communication (1.7 percent), medical care (1.1 percent), and shelter (0.6 percent). In contrast, lower prices were recorded for household furnishings and operations (-1.6 percent) and apparel (-0.6 percent).
Over the year, the index for all items less food and energy advanced 1.9 percent. Prices increased for medical care (3.6 percent), recreation (2.4 percent), other goods and services (1.7 percent), shelter (1.6 percent), and education and communication (1.3 percent). In contrast, lower prices were recorded for apparel (-1.7 percent) and household furnishings and operations (-1.1 percent).
In the second half of 2013, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 252.694, up 0.4 percent. The CPI-W increased 1.4 percent over the year.
The first half of 2014 Consumer Price Index for Honolulu is scheduled to be released on August 19th, 2014, at 10:00 a.m. (PST).