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18-1178-PHI
Thursday, July 12, 2018

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

Area prices up 0.2 percent since April; 1.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Camden-Wilmington edged up 0.2 percent from April to June, 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 energy index (2.0 percent). The all items less food and energy index also increased, up 0.1 percent, while the food index declined, edging down 0.2 percent. (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 1.9 percent. (See chart 1 and table A.) The over-the-year rise was led by increases in the energy index (12.0 percent) and the all items less food and energy index (1.1 percent). Prices for food also increased since June 2017, up 0.7 percent. (See table 1.)

Food

Following a 0.3-percent increase from February to April, the food index decreased 0.2 percent over the last two months. Prices were lower for both food at home (-0.3 percent) and food away from home (-0.1 percent) since April. Within the food at home component, prices were lower for various items including citrus fruits, while prices were higher for items including snacks and carbonated drinks.

Over the year, the food index increased 0.7 percent. Prices for food away from home rose 1.1 percent, and those for food at home increased 0.4 percent.

Energy

The energy index, which includes prices for household and transportation fuels, increased 2.0 percent since April. Higher prices for gasoline (3.8 percent) led the increase. Prices were also higher over the last two months for electricity and utility (piped) gas service, up 1.8 percent and 0.6 percent, respectively.

Over the year, the energy index rose 12.0 percent, due almost entirely to a 24.9-percent rise in gasoline prices. Prices were also higher for utility (piped) gas service (5.6 percent), while those for electricity declined 3.3 percent over the year.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent from April to June, led by higher prices for new and used motor vehicles (2.2 percent), shelter (0.4 percent), and education and communication (0.7 percent). Lower prices for apparel (-5.2 percent), among others, moderated the increase in the all items less food and energy index since April. 

Since June 2017, the index for all items less food and energy increased 1.1 percent. Prices were higher for a number of items including shelter (1.8 percent), new and used motor vehicles (3.2 percent), medical care (1.9 percent), and education and communication (1.6 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

0.61.80.80.20.30.1-0.30.70.21.9

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 August 2018 is scheduled to be released Thursday, September 13, 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
Apr.
2018
May
2018
Jun.
2018
Jun.
2017
Apr.
2018
May
2018

All items

Go to web page with historical data for series CUURS12BSA0
251.850 252.3861.90.2 

All items (1967 = 100)

Go to web page with historical data for series CUURS12BAA0
727.581 729.129   

Food and beverages

Go to web page with historical data for series CUURS12BSAF
233.325 232.8670.5-0.2 

Food

Go to web page with historical data for series CUURS12BSAF1
233.291 232.8040.7-0.2 

Food at home

Go to web page with historical data for series CUURS12BSAF11
237.926238.483237.2990.4-0.3-0.5

Cereals and bakery products

Go to web page with historical data for series CUURS12BSAF111
299.387 300.000 0.2 

Meats, poultry, fish, and eggs

Go to web page with historical data for series CUURS12BSAF112
263.470 263.866 0.2 

Dairy and related products

Go to web page with historical data for series CUURS12BSEFJ
195.646 196.813 0.6 

Fruits and vegetables

Go to web page with historical data for series CUURS12BSAF113
273.365 266.824 -2.4 

Nonalcoholic beverages and beverage materials(1)

Go to web page with historical data for series CUURS12BSAF114
155.636 160.480 3.1 

Other food at home

Go to web page with historical data for series CUURS12BSAF115
219.170 216.334 -1.3 

Food away from home

Go to web page with historical data for series CUURS12BSEFV
221.480 221.1951.1-0.1 

Alcoholic beverages

Go to web page with historical data for series CUURS12BSAF116
231.353 231.310-1.70.0 

Housing

Go to web page with historical data for series CUURS12BSAH
259.140 259.7771.80.2 

Shelter

Go to web page with historical data for series CUURS12BSAH1
322.141322.195323.3161.80.40.3

Rent of primary residence(2)

Go to web page with historical data for series CUURS12BSEHA
301.497301.808302.8042.50.40.3

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

Go to web page with historical data for series CUURS12BSEHC
330.546330.759332.0501.80.50.4

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

Go to web page with historical data for series CUURS12BSEHC01
330.546330.759332.0501.80.50.4

Fuels and utilities

Go to web page with historical data for series CUURS12BSAH2
206.598 207.8382.40.6 

Household energy

Go to web page with historical data for series CUURS12BSAH21
171.442171.443172.0262.20.30.3

Energy services(2)

Go to web page with historical data for series CUURS12BSEHF
177.739180.086180.112-0.41.30.0

Electricity(2)

Go to web page with historical data for series CUURS12BSEHF01
178.420179.627181.547-3.31.81.1

Utility (piped) gas service(2)

Go to web page with historical data for series CUURS12BSEHF02
165.512169.453166.5835.60.6-1.7

Household furnishings and operations

Go to web page with historical data for series CUURS12BSAH3
115.069 113.486-0.1-1.4 

Apparel

Go to web page with historical data for series CUURS12BSAA
116.450 110.4360.1-5.2 

Transportation

Go to web page with historical data for series CUURS12BSAT
214.780 218.4165.61.7 

Private transportation

Go to web page with historical data for series CUURS12BSAT1
213.750 217.5926.11.8 

New and used motor vehicles(4)

Go to web page with historical data for series CUURS12BSETA
95.990 98.127 2.2 

New vehicles(1)

Go to web page with historical data for series CUURS12BSETA01
176.660 177.920 0.7 

Used cars and trucks(1)

Go to web page with historical data for series CUURS12BSETA02
257.007 256.560 -0.2 

Motor fuel

Go to web page with historical data for series CUURS12BSETB
262.566272.953272.57024.83.8-0.1

Gasoline (all types)

Go to web page with historical data for series CUURS12BSETB01
259.110269.373268.99924.93.8-0.1

Gasoline, unleaded regular(5)

Go to web page with historical data for series CUURS12BSS47014
256.432266.403265.97225.63.7-0.2

Gasoline, unleaded midgrade(5)(6)

Go to web page with historical data for series CUURS12BSS47015
261.080272.995272.45921.84.4-0.2

Gasoline, unleaded premium(5)

Go to web page with historical data for series CUURS12BSS47016
257.509268.868268.98320.94.50.0

Motor vehicle insurance(1)

Go to web page with historical data for series CUURS12BSETE
752.183 733.043 -2.5 

Medical care

Go to web page with historical data for series CUURS12BSAM
517.504 519.5161.90.4 

Recreation(4)

Go to web page with historical data for series CUURS12BSAR
119.380 119.553-2.70.1 

Education and communication(4)

Go to web page with historical data for series CUURS12BSAE
130.102 130.9901.60.7 

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

Go to web page with historical data for series CUURS12BSEEB
1,028.033 1,031.999 0.4 

Other goods and services

Go to web page with historical data for series CUURS12BSAG
547.626 535.7311.2-2.2 

Commodity and service group

Commodities

Go to web page with historical data for series CUURS12BSAC
182.662 181.5313.3-0.6 

Commodities less food and beverages

Go to web page with historical data for series CUURS12BSACL11
152.986 151.7014.8-0.8 

Nondurables less food and beverages

Go to web page with historical data for series CUURS12BSANL11
201.023 197.7657.7-1.6 

Durables

Go to web page with historical data for series CUURS12BSAD
101.944 102.4020.50.4 

Services

Go to web page with historical data for series CUURS12BSAS
322.656 324.6441.20.6 

Special aggregate indexes

All items less shelter

Go to web page with historical data for series CUURS12BSA0L2
228.944 229.2441.90.1 

All items less medical care

Go to web page with historical data for series CUURS12BSA0L5
240.676 241.1471.90.2 

Commodities less food

Go to web page with historical data for series CUURS12BSACL1
155.928 154.6594.6-0.8 

Nondurables

Go to web page with historical data for series CUURS12BSAN
219.798 217.6634.2-1.0 

Nondurables less food

Go to web page with historical data for series CUURS12BSANL1
202.998 199.8747.1-1.5 

Services less rent of shelter(3)

Go to web page with historical data for series CUURS12BSASL2RS
330.514 333.4130.60.9 

Services less medical care services

Go to web page with historical data for series CUURS12BSASL5
308.158 310.0951.20.6 

Energy

Go to web page with historical data for series CUURS12BSA0E
204.613208.508208.72512.02.00.1

All items less energy

Go to web page with historical data for series CUURS12BSA0LE
258.914 259.0291.00.0 

All items less food and energy

Go to web page with historical data for series CUURS12BSA0L1E
265.848 266.0521.10.1 

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, July 12, 2018