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18-1853-PHI
Wednesday, November 14, 2018

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

Area prices unchanged since August; up 1.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Camden-Wilmington was unchanged from August to October, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that the energy index declined 0.6 percent, while the all items less food and energy index and the food index were unchanged over the last two months. (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 1.6 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 (1.1 percent) and the energy index (9.0 percent). Prices for food also increased since October 2017, up 0.6 percent. (See table 1.)

Food

Following a 0.9 percent increase from June to August, the food index was unchanged over the last two months. Higher prices for food away from home (1.3 percent) were offset by lower prices for food at home (-0.8 percent). Within the food at home component, prices were lower for various items including citrus fruits and candy and chewing gum, while prices were higher for items including carbonated drinks and milk.

Over the year, the food index increased 0.6 percent. Prices for food away from home rose 2.1 percent, and those for food at home decreased 0.5 percent.

Energy

The energy index, which includes prices for household and transportation fuels, decreased 0.6 percent since August. Lower prices for electricity (-3.3 percent) led the decrease. Prices were also lower over the last two months for gasoline, down 1.6 percent, while those for utility (piped) gas service increased 1.0 percent.

Over the year, the energy index rose 9.0 percent, due almost entirely to a 14.7-percent rise in gasoline prices. Prices were also higher for utility (piped) gas service (9.8 percent), while those for electricity declined 2.0 percent over the year.

All items less food and energy

The index for all items less food and energy was unchanged from August to October. Higher prices for shelter (0.5 percent), medical care (0.4 percent), and education and communication (0.2 percent) were offset by lower prices for apparel (-5.0 percent), among others.

Since October 2017, the index for all items less food and energy increased 1.1 percent. Prices were higher for a number of items including shelter (2.2 percent), new and used motor vehicles (5.0 percent), and medical care (3.3 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

0.01.3-0.5-0.3-0.20.40.51.40.31.7

October

-0.11.6-0.3-0.50.61.30.00.80.01.6

December

-0.80.6-0.6-0.2-0.11.7-0.10.8

The Consumer Price Index for December 2018 is scheduled to be released Friday, January 11, 2019 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
Aug.
2018
Sep.
2018
Oct.
2018
Oct.
2017
Aug.
2018
Sep.
2018

All items

Go to web page with historical data for series CUURS12BSA0
253.085 253.0401.60.0 

All items (1967 = 100)

Go to web page with historical data for series CUURS12BAA0
731.147 731.020   

Food and beverages

Go to web page with historical data for series CUURS12BSAF
234.853 234.9700.50.0 

Food

Go to web page with historical data for series CUURS12BSAF1
234.917 235.0270.60.0 

Food at home

Go to web page with historical data for series CUURS12BSAF11
239.823238.794237.833-0.5-0.8-0.4

Cereals and bakery products

Go to web page with historical data for series CUURS12BSAF111
307.957 300.917 -2.3 

Meats, poultry, fish, and eggs

Go to web page with historical data for series CUURS12BSAF112
265.954 264.789 -0.4 

Dairy and related products

Go to web page with historical data for series CUURS12BSEFJ
195.021 198.127 1.6 

Fruits and vegetables

Go to web page with historical data for series CUURS12BSAF113
272.744 271.611 -0.4 

Nonalcoholic beverages and beverage materials(1)

Go to web page with historical data for series CUURS12BSAF114
159.088 156.917 -1.4 

Other food at home

Go to web page with historical data for series CUURS12BSAF115
219.195 216.165 -1.4 

Food away from home

Go to web page with historical data for series CUURS12BSEFV
222.705 225.6392.11.3 

Alcoholic beverages

Go to web page with historical data for series CUURS12BSAF116
231.435 231.6520.30.1 

Housing

Go to web page with historical data for series CUURS12BSAH
260.806 262.0872.40.5 

Shelter

Go to web page with historical data for series CUURS12BSAH1
325.528326.012327.2492.20.50.4

Rent of primary residence

Go to web page with historical data for series CUURS12BSEHA
303.350303.997304.1562.20.30.1

Owners' equivalent rent of residences(2)

Go to web page with historical data for series CUURS12BSEHC
332.923333.592333.8242.00.30.1

Owners' equivalent rent of primary residence(2)

Go to web page with historical data for series CUURS12BSEHC01
332.923333.592333.8242.00.30.1

Fuels and utilities

Go to web page with historical data for series CUURS12BSAH2
206.008 206.7143.40.3 

Household energy

Go to web page with historical data for series CUURS12BSAH21
170.174169.105170.4673.90.20.8

Energy services

Go to web page with historical data for series CUURS12BSEHF
179.856178.518176.8262.1-1.7-0.9

Electricity

Go to web page with historical data for series CUURS12BSEHF01
180.705178.589174.678-2.0-3.3-2.2

Utility (piped) gas service

Go to web page with historical data for series CUURS12BSEHF02
167.240167.175168.9809.81.01.1

Household furnishings and operations

Go to web page with historical data for series CUURS12BSAH3
112.966 113.3622.10.4 

Apparel

Go to web page with historical data for series CUURS12BSAA
113.424 107.717-5.1-5.0 

Transportation

Go to web page with historical data for series CUURS12BSAT
216.532 215.7683.6-0.4 

Private transportation

Go to web page with historical data for series CUURS12BSAT1
216.675 214.9923.9-0.8 

New and used motor vehicles(3)

Go to web page with historical data for series CUURS12BSETA
98.213 97.405 -0.8 

New vehicles(1)

Go to web page with historical data for series CUURS12BSETA01
177.216 178.463 0.7 

Used cars and trucks(1)

Go to web page with historical data for series CUURS12BSETA02
259.965 250.706 -3.6 

Motor fuel

Go to web page with historical data for series CUURS12BSETB
270.607271.037266.56114.8-1.5-1.7

Gasoline (all types)

Go to web page with historical data for series CUURS12BSETB01
267.038267.413262.74314.7-1.6-1.7

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUURS12BSS47014
264.045264.441259.64715.0-1.7-1.8

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUURS12BSS47015
270.728270.313265.51112.6-1.9-1.8

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUURS12BSS47016
266.892267.217263.92313.0-1.1-1.2

Motor vehicle insurance(1)

Go to web page with historical data for series CUURS12BSETE
724.327 724.451 0.0 

Medical care

Go to web page with historical data for series CUURS12BSAM
524.371 526.7093.30.4 

Recreation(3)

Go to web page with historical data for series CUURS12BSAR
119.693 117.734-3.2-1.6 

Education and communication(3)

Go to web page with historical data for series CUURS12BSAE
130.403 130.6500.40.2 

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

Go to web page with historical data for series CUURS12BSEEB
1,020.832 1,028.013 0.7 

Other goods and services

Go to web page with historical data for series CUURS12BSAG
537.573 536.8930.4-0.1 

Commodity and service group

Commodities

Go to web page with historical data for series CUURS12BSAC
182.362 180.9602.2-0.8 

Commodities less food and beverages

Go to web page with historical data for series CUURS12BSACL11
152.080 150.2533.1-1.2 

Nondurables less food and beverages

Go to web page with historical data for series CUURS12BSANL11
198.979 196.1004.1-1.4 

Durables

Go to web page with historical data for series CUURS12BSAD
102.055 101.2391.6-0.8 

Services

Go to web page with historical data for series CUURS12BSAS
325.261 326.3771.40.3 

Special aggregate indexes

All items less shelter

Go to web page with historical data for series CUURS12BSA0L2
229.373 228.6521.3-0.3 

All items less medical care

Go to web page with historical data for series CUURS12BSA0L5
241.661 241.5101.5-0.1 

Commodities less food

Go to web page with historical data for series CUURS12BSACL1
155.036 153.2393.0-1.2 

Nondurables

Go to web page with historical data for series CUURS12BSAN
219.238 217.5752.4-0.8 

Nondurables less food

Go to web page with historical data for series CUURS12BSANL1
201.043 198.2943.9-1.4 

Services less rent of shelter(2)

Go to web page with historical data for series CUURS12BSASL2RS
332.285 332.7480.60.1 

Services less medical care services

Go to web page with historical data for series CUURS12BSASL5
310.765 311.5611.30.3 

Energy

Go to web page with historical data for series CUURS12BSA0E
206.842206.341205.5079.0-0.6-0.4

All items less energy

Go to web page with historical data for series CUURS12BSA0LE
260.038 260.1471.00.0 

All items less food and energy

Go to web page with historical data for series CUURS12BSA0L1E
266.911 267.0211.10.0 

Footnotes
(1) Indexes on a December 1977=100 base
(2) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.

 

Last Modified Date: Wednesday, November 14, 2018