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Tuesday, December 12, 2023
Prices in the Washington-Arlington-Alexandria area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), decreased 0.3 percent for the 2 months ending in November 2023, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the November decrease was due in large part to lower prices for gasoline. For the same period, the food index and all items less food and energy index increased, up 0.3 percent and 0.1 percent, respectively. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)
Over the last 12 months, the CPI-U index rose 2.8 percent. The all items less food and energy index was mainly responsible for the total increase as it advanced 3.3 percent. (See chart 1.) Food prices were up 2.8 percent over the year, in contrast, declines in gasoline prices this year helped to offset increases elsewhere. (See table 1.)
FoodOver the last 2 months, the food index increased 0.3 percent, with food away from home prices up 1.3 percent. Prices for food at home moderated the overall food index with a 0.3-percent decline. Within the food at home category, nonalcoholic beverages and beverage materials prices fell 4.6 percent, the largest price decrease in a reporting month since the index began. Other declines in the grocery categories included prices for cereals and bakery products (-2.5 percent—the largest decline of the year) and fruits and vegetables (-0.3 percent). Partially offsetting the fall in the food index were higher prices for meats, poultry, fish, and eggs (+1.5 percent); other food at home (+0.7 percent); and dairy and related products (+1.3 percent).
From November 2022 to November 2023, food prices increased 2.8 percent as both food away from home and food at home increased, up 5.7 percent and 1.0 percent, respectively. Within the food at home index, rising prices in other food at home (+6.1 percent), and cereals and bakery products (+3.0 percent) contributed to the advance. The index for nonalcoholic beverages and beverage materials rose 1.3 percent. The increase in grocery prices was tempered by price drops in the meats, poultry, fish, and eggs index (-2.2 percent), the fruits and vegetables (-1.7 percent) index, and the dairy and related products index (-1.5 percent).
EnergyFor the 2 months ending in November 2023, the motor fuel index was down 9.7 percent. Within motor fuel, prices for gasoline decreased 9.8 percent—the largest decline of the year. For the same period, the index for natural gas was up 2.3 percent. This year, prices for utility (piped) gas service have declined as low as 24.1 percent in March to increasing as much as 13.4 percent in May.
Over the year, prices for gasoline declined 7.3 percent, a change of pace from September’s 1.8 percent increase. The gasoline index has seen mostly over-the-year decreases in 2023, with summer bringing peak lows, after starting January with an increase of 1.8 percent. The index for natural gas continued to decrease, down 14.4 percent, tempering from September’s peak decline of 27.1 percent.
All items less food and energyThe index for all items less food and energy was up 0.1 percent in the latest 2-month period. Higher prices for recreation (+1.4 percent), medical care (+0.8 percent), and public transportation led to the overall index rise. Shelter prices edged up just 0.1 percent as the owners’ equivalent rent of residences index increased (+1.2 percent) as did rent of primary residence (+ 0.8 percent); but declining prices for lodging away from home moderated the rise in shelter. Despite those increases in categories in the all items less food and energy index there were declines in prices for education and communication, down 1.4 percent, and the largest decrease since November 2018. Other declining prices included new and used motor vehicles (-1.1 percent —largely due to lower prices for new cars, the first drop since January 2022), and a typical decline in apparel prices (-3.1 percent —slightly below the long-term trend of lower apparel prices in November).
Over the year, the index for all items less food and energy advanced 3.3 percent—continuing the trend of 12-month percent changes being higher than the all items index since March. The November rise was primarily due to a 5.1-percent rise in the shelter index, as owners’ equivalent rent of residences was up 6.1 percent and the index for rent of primary residence advanced 3.2percent. Other components contributing to the increase in all items less food and energy included new and used motor vehicles (+2.3 percent); education and communication (+2.0 percent); apparel (+6.0 percent); and household furnishings and operations (+2.6 percent). Moderating the rise in the overall index was medical care, down 4.0 percent, continuing declines seen since March.
The January 2024 Consumer Price Index for the Washington-Arlington-Alexandria area is scheduled to be released on February 13, 2024.
The Consumer Price Index for Washington-Arlington-Alexandria 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 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, 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-MD-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; Telecommunications Relay Service: 7-1-1.
Expenditure category | Indexes | Percent change from | |||||
---|---|---|---|---|---|---|---|
Historical data | Sep. 2023 | Oct. 2023 | Nov. 2023 | Nov. 2022 | Sep. 2023 | Oct. 2023 | |
All items | 309.254 | 308.419 | 2.8 | -0.3 | |||
Food and beverages | 302.693 | 303.613 | 2.8 | 0.3 | |||
Food | 311.741 | 312.634 | 2.8 | 0.3 | |||
Food at home | 291.427 | 289.822 | 290.524 | 1.0 | -0.3 | 0.2 | |
Cereals and bakery products | 397.125 | 372.690 | 387.096 | 3.0 | -2.5 | 3.9 | |
Meats, poultry, fish, and eggs | 305.931 | 310.478 | 310.467 | -2.2 | 1.5 | 0.0 | |
Dairy and related products | 283.456 | 279.245 | 287.123 | -1.5 | 1.3 | 2.8 | |
Fruits and vegetables | 295.596 | 302.679 | 294.803 | -1.7 | -0.3 | -2.6 | |
Nonalcoholic beverages and beverage materials(1) | 259.741 | 248.401 | 247.736 | 1.3 | -4.6 | -0.3 | |
Other food at home | 248.559 | 250.294 | 250.229 | 6.1 | 0.7 | 0.0 | |
Food away from home | 339.519 | 343.763 | 5.7 | 1.3 | |||
Alcoholic beverages | 218.194 | 219.620 | 2.5 | 0.7 | |||
Housing | 322.477 | 322.264 | 4.4 | -0.1 | |||
Shelter | 383.752 | 383.516 | 384.062 | 5.1 | 0.1 | 0.1 | |
Rent of primary residence | 409.575 | 411.519 | 412.800 | 3.2 | 0.8 | 0.3 | |
Owners' equivalent rent of residences(2) | 391.688 | 394.580 | 396.573 | 6.1 | 1.2 | 0.5 | |
Owners' equivalent rent of primary residence(2) | 391.688 | 394.580 | 396.573 | 6.1 | 1.2 | 0.5 | |
Fuels and utilities | |||||||
Household energy | |||||||
Energy services | |||||||
Electricity | |||||||
Utility (piped) gas service | 154.724 | 158.473 | 158.316 | -14.4 | 2.3 | -0.1 | |
Household furnishings and operations | 131.153 | 131.366 | 2.6 | 0.2 | |||
Apparel | 168.054 | 162.797 | 6.0 | -3.1 | |||
Transportation | 273.063 | 268.219 | 2.1 | -1.8 | |||
Private transportation | 286.478 | 280.054 | 3.0 | -2.2 | |||
New and used motor vehicles(3) | 129.129 | 127.675 | 2.3 | -1.1 | |||
New vehicles(1) | 231.812 | 229.498 | 0.3 | -1.0 | |||
Used cars and trucks(1) | 406.878 | 405.377 | -3.4 | -0.4 | |||
Motor fuel | 350.434 | 335.194 | 316.269 | -7.5 | -9.7 | -5.6 | |
Gasoline (all types) | 345.534 | 330.396 | 311.650 | -7.3 | -9.8 | -5.7 | |
Gasoline, unleaded regular(4) | 337.687 | 322.272 | 303.418 | -7.7 | -10.1 | -5.9 | |
352.819 | 340.686 | 325.363 | -5.6 | -7.8 | -4.5 | ||
Gasoline, unleaded premium(4) | 368.485 | 357.237 | 341.391 | -4.7 | -7.4 | -4.4 | |
Medical care | 515.793 | 519.811 | -4.0 | 0.8 | |||
Recreation(3) | 126.038 | 127.748 | 2.0 | 1.4 | |||
Education and communication(3) | 168.818 | 166.430 | 2.0 | -1.4 | |||
Tuition, other school fees, and child care(1) | 1,683.394 | 1,669.910 | 5.0 | -0.8 | |||
Other goods and services | 506.082 | 507.221 | 3.9 | 0.2 | |||
Commodity and service group | |||||||
Commodities | 215.362 | 213.403 | 1.3 | -0.9 | |||
Commodities less food and beverages | 172.057 | 169.037 | 0.3 | -1.8 | |||
Nondurables less food and beverages | 225.635 | 221.567 | 2.1 | -1.8 | |||
Durables | 122.110 | 120.026 | -1.5 | -1.7 | |||
Services | 393.119 | 393.416 | 3.6 | 0.1 | |||
Special aggregate indexes | |||||||
All items less shelter | 278.419 | 277.087 | 1.4 | -0.5 | |||
All items less medical care | 299.629 | 298.545 | 3.4 | -0.4 | |||
Commodities less food | 174.071 | 171.148 | 0.4 | -1.7 | |||
Nondurables | 262.963 | 261.430 | 2.4 | -0.6 | |||
Nondurables less food | 224.568 | 220.856 | 2.1 | -1.7 | |||
Services less rent of shelter(2) | 415.522 | 415.802 | 1.7 | 0.1 | |||
Services less medical care services | 380.995 | 381.282 | 5.1 | 0.1 | |||
Energy | |||||||
All items less energy | 315.330 | 315.596 | 3.3 | 0.1 | |||
All items less food and energy | 317.235 | 317.394 | 3.3 | 0.1 | |||
Footnotes |
Last Modified Date: Tuesday, December 12, 2023