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BLS 09-116 |
CONSUMER PRICE INDEX FOR THE LOS ANGELES AREA, OCTOBER 2009
The Bureau of Labor Statistics of the U.S. Department of Labor reported today that the All Items Consumer Price Index (CPI) in the Los Angeles-Riverside-Orange County, CA area did not change in October. Richard J. Holden noted higher prices for food and beverages and housing largely offset price decreases in most other major expenditure categories. For the year ending October 2009, overall prices declined 0.4 percent, due primarily to lower energy prices. The special aggregate index for energy decreased 7.4 percent since October 2008, while the special index for all items less food and energy increased 0.4 percent. Local Consumer Price Index data are not seasonally adjusted.
The Los Angeles area’s food and beverages index advanced 0.6 percent in October. Over the past 12 months, prices for food and beverages declined 0.6 percent. The food at home index, which measures grocery prices, rose 1.0 percent for the month, but declined 3.0 percent for the year. Food away from home prices were unchanged in October, yet increased 2.2 percent since a year ago. Prices for alcoholic beverages increased 1.2 percent over the month and 1.0 percent over the year.
The housing index inched up 0.1 percent in October, but declined 0.6 percent compared to 12 months ago. The shelter sub-index of housing declined 0.3 percent for the month and 0.6 percent for the year. Household fuels and utilities increased 6.2 percent for the month and 1.9 percent since October 2008. Following a 9.9 percent drop in September, prices for utility (piped) gas service jumped 11.4 percent in October. Utility (piped) gas service prices fell 21.0 percent since October 2008. Electricity prices advanced 9.3 percent for both the month and the year. Prices for household furnishings and operations decreased 1.7 percent in October and 2.5 percent from one year ago.
Apparel was the only other major expenditure category to post an increase in October, as prices advanced 0.7 percent. Apparel prices rose 3.6 percent in the past 12 months.
Transportation prices in the Los Angeles area edged down 0.1 percent in October and gasoline prices declined 2.2 percent. Between October 2008 and October 2009, transportation prices decreased 1.7 percent, led by a 10.0 percent drop in gasoline prices. The transportation index comprises slightly more than 16 percent of the Los Angeles CPI all items index.
Medical care prices decreased 0.6 percent for the month, but increased 3.3 percent for the year. Education and communication prices decreased 0.9 percent in October, but increased 2.4 percent in the past 12 months.
Recreation prices declined 0.2 percent for the month and 5.0 percent for the year. The other goods and services index edged down 0.2 percent for the month, but rose 3.7 percent from one year ago.
The All Items Consumer Price Index for All Urban Consumers (CPI-U) in the Los Angeles-Riverside-Orange County Consolidated Metropolitan Statistical Area, stands at 225.264 (1982-84=100). This means a market basket of goods and services that cost $100.00 in 1982-84 would have cost $225.26 in October 2009.
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Last Modified Date: November 18, 2009
