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Thursday, February 10, 2022
The Consumer Price Index for All Urban Consumers (CPI-U) for Washington-Arlington-Alexandria increased 0.9 percent for the 2 months ending in January 2022, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Alexandra Hall Bovee noted the change was largely due to a rise in the all items less food and energy index, up 0.8 percent, led by a series-record 6.8 percent increase in household furnishings and operations prices which accounted for nearly half of the overall increase. The food index increased 2.1 percent while the energy index decreased 1.1 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 6.0 percent, the largest over-the-year increase since November 1990. The rise was due mostly to a 4.8-percent increase in the all items less food and energy index, the largest since May of 1991, partially due to a 41.6 increase in the used cars and trucks index. (See chart 1 and table A.) The energy index increased 24.7 percent over the year which continues the trend of over-the-year increases exceeding 20 percent since May 2021 although it was below the peak of 30.8 percent in November. The food index increased 6.7 percent over the year, representing the highest 12-month rise since May 2004. (See table 1.)
FoodThe food index advanced 2.1 percent over the last 2 months. Prices for food at home increased 2.7 percent and those for food away from home rose 1.6 percent. Within the food at home component, prices were higher for the other food at home index (led by increases in candy and gum prices) and fruits and vegetables, dominated by higher priced citrus fruits and canned fruits and vegetables. Prices decreased for cheese and related products, uncooked beef steaks, and breakfast cereal.
Food prices advanced 6.7 percent over the year. Prices were higher for both food at home (7.3 percent) and for food away from home (6.2 percent) since January 2021. The food at home rise was the highest since an identical increase in November 2011; higher prices for meats, poultry, fish, and eggs, up 9.5 percent, led the general rise in grocery prices though it was a more moderate over-the-year increase than the 10.6 percent posted in November.
EnergySince November, the energy index, which includes prices for household and transportation fuels, decreased 1.1 percent, reflecting lower prices for utility (piped) gas service (-6.5 percent) over the past 2 months. Gasoline prices also decreased, down 1.6 percent, reversing the trend of gasoline prices increasing every month in 2021, ranging from 0.3 to 17.5 percent. Prices were higher for electricity, up 2.4 percent since November, the largest 2-month percent change for January since the series started in 1998.
Energy prices rose 24.7 percent since January 2021, the twelfth over-the-year increase in a row moderated after a 30.8 percent rise in November 2021. The rise was due almost entirely to higher gasoline prices, up 38.8 percent, well below November’s peak of 52.3 percent. Over the year, prices also increased for utility (piped) gas service and fuel oil, up 25.9 and 37.1 percent, respectively. Electricity also contributed to the increase with an over-the-year 4.7 percent increase.
All items less food and energyThe index for all items less food and energy rose 0.8 percent since November. The advance was led by higher prices for household furnishings and operations (6.8 percent).The index for used cars and trucks was up 5.2 percent, the same as in November. The apparel index rose 4.1 percent over the month following a 3.3 percent decline in November. The index for owners’ equivalent rent of residences was up 0.3 percent, the smallest of consecutive increases since July 2021. Not all categories increased, however; prices for new vehicles decreased 2.3 percent which reversed the trend of increasing prices since May 2021 and medical care prices edged down 0.4 percent since November.
Since January 2021, the index for all items less food and energy rose 4.8 percent, the largest increase since May 1991. Prices were higher over the year for new and used motor vehicles (22.5 percent), due mostly to a large increase for used cars and trucks (41.6 percent). Prices also increased for shelter (2.1 percent), driven by increases in household furnishings and operations (9.3 percent) and owners’ equivalent rent of residences (2.4 percent). Prices for recreation also increased 5.9 percent over the year.
Month | 2018 | 2019 | 2020 | 2021 | 2022 | |||||
---|---|---|---|---|---|---|---|---|---|---|
2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | |
January |
0.9 | 2.2 | 0.5 | 0.8 | 0.5 | 1.6 | 0.7 | 1.5 | 0.9 | 6.0 |
March |
-0.1 | 1.8 | 0.7 | 1.6 | -0.4 | 0.4 | 0.7 | 2.6 | ||
May |
0.7 | 2.5 | 0.6 | 1.6 | 0.1 | -0.1 | 1.3 | 3.8 | ||
July |
0.1 | 2.5 | -0.3 | 1.2 | 0.6 | 0.8 | 1.2 | 4.4 | ||
September |
0.4 | 2.0 | 0.1 | 0.9 | 0.6 | 1.2 | 0.7 | 4.5 | ||
November |
-0.7 | 1.3 | -0.2 | 1.5 | 0.0 | 1.4 | 1.2 | 5.8 |
The Consumer Price Index for February 2022 is scheduled to be released on Thursday, March 10, 2022, at 8:30 a.m. (ET).
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 U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 6,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000. Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.
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 Washington-Arlington-Alexandria, DC-VA-MA-WV, Core Based Statistical Area includes the District of Columbia; the counties of Calvert, Charles, Frederick, Montgomery, and Prince George’s in Maryland; the cities of Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, and Manassas Park and the counties of Arlington, Clarke, Culpeper, Fairfax, Fauquier, Loudoun, Prince William, Rappahannock, Spotsylvania, Stafford, and Warren in Virginia; and the county of Jefferson in West Virginia.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.
Expenditure category | Indexes | Percent change from | |||||
---|---|---|---|---|---|---|---|
Historical data |
Nov. 2021 |
Dec. 2021 |
Jan. 2022 |
Jan. 2021 |
Nov. 2021 |
Dec. 2021 |
|
All items |
284.240 | 286.678 | 6.0 | 0.9 | |||
Food and beverages |
276.452 | 282.275 | 6.6 | 2.1 | |||
Food |
284.238 | 290.255 | 6.7 | 2.1 | |||
Food at home |
264.444 | 268.283 | 271.611 | 7.3 | 2.7 | 1.2 | |
Cereals and bakery products |
346.026 | 359.876 | 10.4 | 4.0 | |||
Meats, poultry, fish, and eggs |
303.472 | 303.997 | 9.5 | 0.2 | |||
Dairy and related products |
246.307 | 254.355 | 5.1 | 3.3 | |||
Fruits and vegetables |
276.159 | 283.943 | 7.6 | 2.8 | |||
Nonalcoholic beverages and beverage materials(1) |
221.858 | 230.734 | 4.0 | 4.0 | |||
Other food at home |
218.070 | 225.278 | 5.6 | 3.3 | |||
Food away from home |
309.505 | 314.454 | 6.2 | 1.6 | |||
Alcoholic beverages |
203.997 | 208.484 | 5.5 | 2.2 | |||
Housing |
292.657 | 295.623 | 3.5 | 1.0 | |||
Shelter |
350.199 | 350.752 | 351.198 | 2.1 | 0.3 | 0.1 | |
Rent of primary residence |
379.127 | 379.854 | 380.423 | 0.5 | 0.3 | 0.1 | |
Owners' equivalent rent of residences(2) |
359.230 | 359.642 | 360.425 | 2.4 | 0.3 | 0.2 | |
Owners' equivalent rent of primary residence(2) |
359.230 | 359.642 | 360.425 | 2.4 | 0.3 | 0.2 | |
Fuels and utilities |
257.061 | 252.309 | 8.1 | -1.8 | |||
Household energy |
199.144 | 193.444 | 197.741 | 11.1 | -0.7 | 2.2 | |
Energy services |
202.901 | 196.852 | 201.239 | 10.6 | -0.8 | 2.2 | |
Electricity |
208.146 | 210.718 | 213.040 | 4.7 | 2.4 | 1.1 | |
Utility (piped) gas service |
177.627 | 158.120 | 166.116 | 25.9 | -6.5 | 5.1 | |
Household furnishings and operations |
117.490 | 125.456 | 9.3 | 6.8 | |||
Apparel |
151.232 | 157.368 | 6.6 | 4.1 | |||
Transportation |
245.416 | 243.693 | 15.4 | -0.7 | |||
Private transportation |
256.105 | 255.595 | 19.5 | -0.2 | |||
New and used motor vehicles(3) |
118.939 | 118.604 | 22.5 | -0.3 | |||
New vehicles(1) |
222.566 | 217.455 | 11.4 | -2.3 | |||
Used cars and trucks(1) |
431.853 | 454.443 | 41.6 | 5.2 | |||
Motor fuel |
317.374 | 313.014 | 312.219 | 38.7 | -1.6 | -0.3 | |
Gasoline (all types) |
313.932 | 309.567 | 308.777 | 38.8 | -1.6 | -0.3 | |
Gasoline, unleaded regular(4) |
307.616 | 303.089 | 302.229 | 39.9 | -1.8 | -0.3 | |
317.009 | 314.400 | 314.128 | 32.7 | -0.9 | -0.1 | ||
Gasoline, unleaded premium(4) |
327.385 | 324.572 | 324.478 | 32.6 | -0.9 | 0.0 | |
Motor vehicle insurance(1) |
842.784 | ||||||
Medical care |
506.325 | 504.305 | 1.1 | -0.4 | |||
Recreation(3) |
121.199 | 121.605 | 5.9 | 0.3 | |||
Education and communication(3) |
161.431 | 161.400 | 3.3 | 0.0 | |||
Tuition, other school fees, and child care(1) |
1,504.949 | 1,505.849 | 4.7 | 0.1 | |||
Other goods and services |
459.942 | 473.848 | 8.0 | 3.0 | |||
Commodity and service group |
|||||||
Commodities |
200.013 | 204.875 | 11.4 | 2.4 | |||
Commodities less food and beverages |
161.416 | 165.596 | 15.5 | 2.6 | |||
Nondurables less food and beverages |
206.388 | 211.817 | 13.0 | 2.6 | |||
Durables |
117.395 | 120.516 | 18.4 | 2.7 | |||
Services |
359.253 | 359.010 | 2.8 | -0.1 | |||
Special aggregate indexes |
|||||||
All items less shelter |
257.078 | 260.065 | 7.9 | 1.2 | |||
All items less medical care |
273.745 | 276.410 | 6.4 | 1.0 | |||
Commodities less food |
163.285 | 167.475 | 14.8 | 2.6 | |||
Nondurables |
240.387 | 246.151 | 9.1 | 2.4 | |||
Nondurables less food |
205.593 | 210.977 | 12.2 | 2.6 | |||
Services less rent of shelter(2) |
381.394 | 379.550 | 3.5 | -0.5 | |||
Services less medical care services |
344.338 | 344.237 | 3.1 | 0.0 | |||
Energy |
255.017 | 249.781 | 252.248 | 24.7 | -1.1 | 1.0 | |
All items less energy |
290.433 | 293.252 | 5.1 | 1.0 | |||
All items less food and energy |
292.693 | 294.946 | 4.8 | 0.8 | |||
Footnotes |
Last Modified Date: Thursday, February 10, 2022