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18-782-PHI
Thursday, May 10, 2018

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Consumer Price Index, Philadelphia-Camden-Wilmington – April 2018

Area prices up 0.9 percent since February; 1.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Camden-Wilmington increased 0.9 percent from February to April, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that the recent advance was led by an increase in the all items less food and energy index (0.9 percent). The energy index and food index also increased, up 2.2 percent and 0.3 percent, respectively. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U increased 1.4 percent. (See chart 1 and table A.) The over-the-year rise was led by increases in the all items less food and energy index (1.0 percent) and the energy index (7.9 percent). Prices for food declined since April 2017, down 0.2 percent. (See table 1.)

Food

Following a 0.6-percent decline from December to February, the food index increased 0.3 percent over the last two months. Prices were higher for both food at home (0.4 percent) and food away from home (0.2 percent) since February. Within the food at home component, prices were higher for various items including frozen and freeze dried prepared foods, eggs, and lettuce, while prices were lower for items including tomatoes and apples.

Over the year, the food index decreased 0.2 percent. Prices for food at home declined 1.4 percent, while those for food away from home increased 1.4 percent.

Energy

The energy index, which includes prices for household and transportation fuels, increased 2.2 percent since February. Higher prices for gasoline (4.4 percent) and utility (piped) gas service (1.6 percent) were moderated by lower prices for electricity, down 1.9 percent over the last two months.

Over the year, the energy index rose 7.9 percent, led by a 15.6-percent advance in gasoline prices. Prices were also higher for utility (piped) gas service (4.8 percent), while those for electricity declined 3.8 percent over the year.

All items less food and energy

The index for all items less food and energy increased 0.9 percent from February to April, led by higher prices for shelter (0.6 percent) and household furnishings and operations (4.4 percent). Lower prices for medical care (-0.2 percent), among others, moderated the increase in the all items less food and energy index since February.

Since April 2017, the index for all items less food and energy increased 1.0 percent. Prices were higher for a number of items including shelter (1.5 percent), medical care (1.9 percent), and other goods and services (3.4 percent).

Table A. Philadelphia CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month20142015201620172018
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

February

0.51.0-0.2-0.10.30.30.72.10.40.5

April

0.51.40.50.00.90.60.01.30.91.4

June

0.61.80.80.20.30.1-0.30.7

August

0.01.3-0.5-0.3-0.20.40.51.4

October

-0.11.6-0.3-0.50.61.30.00.8

December

-0.80.6-0.6-0.2-0.11.7-0.10.8

The Consumer Price Index for June 2018 is scheduled to be released Thursday, July 12, 2018 at 8:30 am (ET).


Technical Note

The Consumer Price Index for Philadelphia-Camden-Wilmington is published bi-monthly. 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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 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 75 urban areas across the country from about 5,000 housing units and approximately 22,000 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/pdf/homch17.pdf.

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

The Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, Core Based Statistical Area includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Burlington, Camden, Gloucester, and Salem Counties in New Jersey; New Castle County in Delaware; and Cecil County in Maryland.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure categoryIndexesPercent change from
Historical
data
Feb.
2018
Mar.
2018
Apr.
2018
Apr.
2017
Feb.
2018
Mar.
2018

All items

Go to web page with historical data for series CUURS12BSA0
249.567 251.8501.40.9 

All items (1967 = 100)

Go to web page with historical data for series CUURS12BAA0
720.985 727.581   

Food and beverages

Go to web page with historical data for series CUURS12BSAF
232.677 233.325-0.30.3 

Food

Go to web page with historical data for series CUURS12BSAF1
232.563 233.291-0.20.3 

Food at home

Go to web page with historical data for series CUURS12BSAF11
236.928236.902237.926-1.40.40.4

Cereals and bakery products

Go to web page with historical data for series CUURS12BSAF111
295.321 299.387 1.4 

Meats, poultry, fish, and eggs

Go to web page with historical data for series CUURS12BSAF112
261.061 263.470 0.9 

Dairy and related products

Go to web page with historical data for series CUURS12BSEFJ
198.142 195.646 -1.3 

Fruits and vegetables

Go to web page with historical data for series CUURS12BSAF113
275.316 273.365 -0.7 

Nonalcoholic beverages and beverage materials(1)

Go to web page with historical data for series CUURS12BSAF114
151.651 155.636 2.6 

Other food at home

Go to web page with historical data for series CUURS12BSAF115
219.330 219.170 -0.1 

Food away from home

Go to web page with historical data for series CUURS12BSEFV
221.136 221.4801.40.2 

Alcoholic beverages

Go to web page with historical data for series CUURS12BSAF116
231.852 231.353-0.4-0.2 

Housing

Go to web page with historical data for series CUURS12BSAH
256.783 259.1401.50.9 

Shelter

Go to web page with historical data for series CUURS12BSAH1
320.080320.656322.1411.50.60.5

Rent of primary residence(2)

Go to web page with historical data for series CUURS12BSEHA
299.129299.213301.4972.50.80.8

Owners' equivalent rent of residences(2)(3)

Go to web page with historical data for series CUURS12BSEHC
328.600328.956330.5461.40.60.5

Owners' equivalent rent of primary residence(2)(3)

Go to web page with historical data for series CUURS12BSEHC01
328.600328.956330.5461.40.60.5

Fuels and utilities

Go to web page with historical data for series CUURS12BSAH2
205.787 206.5982.00.4 

Household energy

Go to web page with historical data for series CUURS12BSAH21
170.917172.010171.4421.70.3-0.3

Energy services(2)

Go to web page with historical data for series CUURS12BSEHF
178.819179.204177.739-0.9-0.6-0.8

Electricity(2)

Go to web page with historical data for series CUURS12BSEHF01
181.906178.256178.420-3.8-1.90.1

Utility (piped) gas service(2)

Go to web page with historical data for series CUURS12BSEHF02
162.846169.373165.5124.81.6-2.3

Household furnishings and operations

Go to web page with historical data for series CUURS12BSAH3
110.267 115.0690.84.4 

Apparel

Go to web page with historical data for series CUURS12BSAA
113.272 116.4502.92.8 

Transportation

Go to web page with historical data for series CUURS12BSAT
210.997 214.7803.21.8 

Private transportation

Go to web page with historical data for series CUURS12BSAT1
209.993 213.7503.61.8 

New and used motor vehicles(4)

Go to web page with historical data for series CUURS12BSETA
94.777 95.990 1.3 

New vehicles(1)

Go to web page with historical data for series CUURS12BSETA01
175.204 176.660 0.8 

Used cars and trucks(1)

Go to web page with historical data for series CUURS12BSETA02
253.046 257.007 1.6 

Motor fuel

Go to web page with historical data for series CUURS12BSETB
251.700242.238262.56615.54.38.4

Gasoline (all types)

Go to web page with historical data for series CUURS12BSETB01
248.183238.838259.11015.64.48.5

Gasoline, unleaded regular(5)

Go to web page with historical data for series CUURS12BSS47014
245.207235.740256.43216.14.68.8

Gasoline, unleaded midgrade(5)(6)

Go to web page with historical data for series CUURS12BSS47015
250.764243.110261.08012.84.17.4

Gasoline, unleaded premium(5)

Go to web page with historical data for series CUURS12BSS47016
249.702241.816257.50912.73.16.5

Motor vehicle insurance(1)

Go to web page with historical data for series CUURS12BSETE
752.183 752.183 0.0 

Medical care

Go to web page with historical data for series CUURS12BSAM
518.615 517.5041.9-0.2 

Recreation(4)

Go to web page with historical data for series CUURS12BSAR
117.524 119.380-3.01.6 

Education and communication(4)

Go to web page with historical data for series CUURS12BSAE
130.157 130.1020.90.0 

Tuition, other school fees, and child care(1)

Go to web page with historical data for series CUURS12BSEEB
1,029.802 1,028.033 -0.2 

Other goods and services

Go to web page with historical data for series CUURS12BSAG
538.065 547.6263.41.8 

Commodity and service group

Commodities

Go to web page with historical data for series CUURS12BSAC
179.502 182.6622.91.8 

Commodities less food and beverages

Go to web page with historical data for series CUURS12BSACL11
149.179 152.9864.52.6 

Nondurables less food and beverages

Go to web page with historical data for series CUURS12BSANL11
195.126 201.0237.33.0 

Durables

Go to web page with historical data for series CUURS12BSAD
100.157 101.9440.31.8 

Services

Go to web page with historical data for series CUURS12BSAS
321.019 322.6560.70.5 

Special aggregate indexes

All items less shelter

Go to web page with historical data for series CUURS12BSA0L2
226.539 228.9441.31.1 

All items less medical care

Go to web page with historical data for series CUURS12BSA0L5
238.233 240.6761.31.0 

Commodities less food

Go to web page with historical data for series CUURS12BSACL1
152.184 155.9284.42.5 

Nondurables

Go to web page with historical data for series CUURS12BSAN
216.011 219.7983.71.8 

Nondurables less food

Go to web page with historical data for series CUURS12BSANL1
197.370 202.9986.92.9 

Services less rent of shelter(3)

Go to web page with historical data for series CUURS12BSASL2RS
329.325 330.5140.00.4 

Services less medical care services

Go to web page with historical data for series CUURS12BSASL5
306.405 308.1580.70.6 

Energy

Go to web page with historical data for series CUURS12BSA0E
200.215197.345204.6137.92.23.7

All items less energy

Go to web page with historical data for series CUURS12BSA0LE
256.869 258.9140.80.8 

All items less food and energy

Go to web page with historical data for series CUURS12BSA0L1E
263.583 265.8481.00.9 

Footnotes
(1) Indexes on a December 1977=100 base
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Indexes on a December 1982=100 base.
(4) Indexes on a December 1997=100 base.
(5) Special index based on a substantially smaller sample.
(6) Indexes on a December 1993=100 base.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Thursday, May 10, 2018