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20-443-PHI
Wednesday, March 11, 2020

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Consumer Price Index, Philadelphia-Camden-Wilmington – February 2020

Area prices up 1.0 percent since December; up 2.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Camden-Wilmington rose 1.0 percent from December to February, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that the recent two-month increase was due almost entirely to a 1.2-percent advance in the all items less food and energy index. The food index also increase since December, up 1.0 percent, while the energy index declined 2.0 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 2.6 percent. (See chart 1 and table A.) The over-the-year rise was led by an increase in the all items less food and energy index (2.8 percent). The food index advanced since February 2019, up 2.8 percent, while the energy index decreased, down 0.6 percent. (See table 1.)

Food

The food index increased 1.0 percent over the last two months. Prices for food at home increased since December, up 1.5 percent, and those for food away from home rose 0.4 percent.

Over the year, the food index increased 2.8 percent. Prices for food away from home rose 3.5 percent, and those for food at home were up 2.4 percent.

Energy

The energy index, which includes prices for household and transportation fuels, decreased 2.0 percent since December. The two-month decline was led by a 3.1-percent decrease in gasoline prices. Prices were also lower for utility (piped) gas service, down 2.1 percent, while those for electricity increased, up 0.3 percent.

Over the year, the energy index decreased 0.6 percent, due to lower utility (piped) gas service prices, down 5.2 percent. Prices were also lower for electricity, down 0.9 percent. Gasoline prices advanced since February 2019, up 3.3 percent.

All items less food and energy

The index for all items less food and energy increased 1.2 percent from December to February. Prices were higher for shelter (1.5 percent) and apparel (12.1 percent) while prices were lower for new and used motor vehicles (-0.4 percent) and education and communication (-0.3 percent).

Since February 2019, the index for all items less food and energy increased 2.8 percent. Prices were higher for a number of items including shelter (3.1 percent), recreation (5.2 percent), and medical care (2.9 percent), among others.

Table A. Philadelphia CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month20162017201820192020
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

February

0.30.30.72.10.40.50.81.51.02.6

April

0.90.60.01.30.91.41.31.9

June

0.30.1-0.30.70.21.90.52.1

August

-0.20.40.51.40.31.70.52.3

October

0.61.30.00.80.01.6-0.41.9

December

-0.11.7-0.10.8-0.71.0-0.32.4

The Consumer Price Index for April 2020 is scheduled to be released Tuesday, May 12, 2020 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
Dec.
2019
Jan.
2020
Feb.
2020
Feb.
2019
Dec.
2019
Jan.
2020

All items

Go to web page with historical data for series CUURS12BSA0
257.194 259.6942.61.0 

All items (1967 = 100)

Go to web page with historical data for series CUURS12BAA0
743.021 750.243   

Food and beverages

Go to web page with historical data for series CUURS12BSAF
239.228 241.7212.81.0 

Food

Go to web page with historical data for series CUURS12BSAF1
239.966 242.4562.81.0 

Food at home

Go to web page with historical data for series CUURS12BSAF11
240.901243.941244.6072.41.50.3

Cereals and bakery products

Go to web page with historical data for series CUURS12BSAF111
306.200 307.8631.10.5 

Meats, poultry, fish, and eggs

Go to web page with historical data for series CUURS12BSAF112
266.525 273.5845.82.6 

Dairy and related products

Go to web page with historical data for series CUURS12BSEFJ
207.769 207.8726.50.0 

Fruits and vegetables

Go to web page with historical data for series CUURS12BSAF113
270.041 270.196-3.20.1 

Nonalcoholic beverages and beverage materials(1)

Go to web page with historical data for series CUURS12BSAF114
160.379 165.2014.03.0 

Other food at home

Go to web page with historical data for series CUURS12BSAF115
218.616 223.4552.22.2 

Food away from home

Go to web page with historical data for series CUURS12BSEFV
232.978 233.9563.50.4 

Alcoholic beverages

Go to web page with historical data for series CUURS12BSAF116
226.047 228.5752.81.1 

Housing

Go to web page with historical data for series CUURS12BSAH
267.269 270.4452.31.2 

Shelter

Go to web page with historical data for series CUURS12BSAH1
334.247336.385339.1163.11.50.8

Rent of primary residence

Go to web page with historical data for series CUURS12BSEHA
314.234314.851315.6223.00.40.2

Owners' equivalent rent of residences(2)

Go to web page with historical data for series CUURS12BSEHC
345.494345.899346.8092.80.40.3

Owners' equivalent rent of primary residence(2)

Go to web page with historical data for series CUURS12BSEHC01
345.494345.899346.8092.80.40.3

Fuels and utilities

Go to web page with historical data for series CUURS12BSAH2
210.069 210.237-1.00.1 

Household energy

Go to web page with historical data for series CUURS12BSAH21
171.353171.496169.575-3.5-1.0-1.1

Energy services

Go to web page with historical data for series CUURS12BSEHF
180.700179.885179.912-2.4-0.40.0

Electricity

Go to web page with historical data for series CUURS12BSEHF01
179.659179.268180.168-0.90.30.5

Utility (piped) gas service

Go to web page with historical data for series CUURS12BSEHF02
170.917169.252167.409-5.2-2.1-1.1

Household furnishings and operations

Go to web page with historical data for series CUURS12BSAH3
114.433 114.859-0.30.4 

Apparel

Go to web page with historical data for series CUURS12BSAA
100.005 112.1237.812.1 

Transportation

Go to web page with historical data for series CUURS12BSAT
211.268 210.3351.5-0.4 

Private transportation

Go to web page with historical data for series CUURS12BSAT1
210.567 208.9961.2-0.7 

New and used motor vehicles(3)

Go to web page with historical data for series CUURS12BSETA
98.294 97.894-0.9-0.4 

New vehicles(1)

Go to web page with historical data for series CUURS12BSETA01
177.892 177.997-1.10.1 

Used cars and trucks(1)

Go to web page with historical data for series CUURS12BSETA02
254.010 255.120-0.60.4 

Motor fuel

Go to web page with historical data for series CUURS12BSETB
239.041242.629231.3833.0-3.2-4.6

Gasoline (all types)

Go to web page with historical data for series CUURS12BSETB01
235.519239.095228.1293.3-3.1-4.6

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUURS12BSS47014
232.345235.962224.9253.4-3.2-4.7

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUURS12BSS47015
243.310246.581235.8863.6-3.1-4.3

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUURS12BSS47016
238.756241.751232.2452.6-2.7-3.9

Motor vehicle insurance(1)

Go to web page with historical data for series CUURS12BSETE
728.581 741.7862.01.8 

Medical care

Go to web page with historical data for series CUURS12BSAM
550.507 554.5492.90.7 

Recreation(3)

Go to web page with historical data for series CUURS12BSAR
126.350 126.3835.20.0 

Education and communication(3)

Go to web page with historical data for series CUURS12BSAE
133.598 133.1731.4-0.3 

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

Go to web page with historical data for series CUURS12BSEEB
1,052.538 1,055.9511.70.3 

Other goods and services

Go to web page with historical data for series CUURS12BSAG
556.200 556.7612.30.1 

Commodity and service group

Commodities

Go to web page with historical data for series CUURS12BSAC
179.655 181.6222.21.1 

Commodities less food and beverages

Go to web page with historical data for series CUURS12BSACL11
147.132 148.7971.81.1 

Nondurables less food and beverages

Go to web page with historical data for series CUURS12BSANL11
188.945 192.3613.51.8 

Durables

Go to web page with historical data for series CUURS12BSAD
101.717 101.990-0.50.3 

Services

Go to web page with historical data for series CUURS12BSAS
335.394 338.4272.70.9 

Special aggregate indexes

All items less shelter

Go to web page with historical data for series CUURS12BSA0L2
231.782 233.4832.30.7 

All items less medical care

Go to web page with historical data for series CUURS12BSA0L5
244.794 247.2292.51.0 

Commodities less food

Go to web page with historical data for series CUURS12BSACL1
150.039 151.7361.91.1 

Nondurables

Go to web page with historical data for series CUURS12BSAN
215.147 218.1373.11.4 

Nondurables less food

Go to web page with historical data for series CUURS12BSANL1
191.187 194.5583.51.8 

Services less rent of shelter(2)

Go to web page with historical data for series CUURS12BSASL2RS
344.066 345.2032.30.3 

Services less medical care services

Go to web page with historical data for series CUURS12BSASL5
319.347 322.1992.60.9 

Energy

Go to web page with historical data for series CUURS12BSA0E
195.740197.133191.830-0.6-2.0-2.7

All items less energy

Go to web page with historical data for series CUURS12BSA0LE
265.978 269.0932.81.2 

All items less food and energy

Go to web page with historical data for series CUURS12BSA0L1E
273.055 276.3142.81.2 

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, March 11, 2020