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Tuesday, February 13, 2024
Prices in the Washington-Arlington-Alexandria area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.5 percent over the 2 months ending in January, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the January increase was due in large part to higher prices for shelter and medical care. For the same period, the all items less food and energy index and the food index rose, up 0.7 percent and 0.8 percent, respectively. Tempering the index’s overall increase was the energy index, down 3.1 percent. (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 advanced 3.6 percent. (See chart 1 and table A.) The all items less food and energy index was mostly responsible for the total increase as it rose 4.6 percent. Food prices were up 2.0 percent over the year; in contrast, energy prices declined 5.5 percent, partially offsetting increases elsewhere. (See table 1.)
FoodFood prices advanced 0.8 percent for the 2-month period ending in January. (See table 1.) Prices for food at home rose 0.9 percent, and prices for food away from home were up 0.7 percent for the same period. Within the food at home index, prices increased for fruits and vegetables (+4.1 percent); nonalcoholic beverages and beverage materials (+5.8 percent); and dairy and related products (+1.7 percent). Slightly offsetting the rise in prices for the grocery index was a decrease in prices for other food at home (-1.5 percent). Other declines in the grocery categories included prices for cereals and bakery products (-1.1 percent); and prices for meats, poultry, fish, and eggs (-0.3 percent).
Over the year, food prices increased 2.0 percent with prices for food away from home up 4.7 percent. For the same period, prices for food at home rose 0.3 percent— the smallest 12-month percent increase since July 2021. For the grocery index, rising prices in other food at home (+3.5 percent); fruits and vegetables (+2.7 percent); and nonalcoholic beverages and beverage materials (+3.2 percent) contributed to the advance. The increase in grocery prices was moderated by price drops in the meats, poultry, fish, and eggs index, down 4.9 percent, the largest over-the-year decline since the index began in 2018. Contributing to the tempering as well were the cereals and bakery products index (-1.6 percent) and the dairy and related products index (-1.2 percent).
EnergyThe energy index fell 3.1 percent for the two months ending in January. The decrease was mainly due to lower prices for gasoline (-6.4 percent). Prices for electricity fell 0.7 percent, while prices for natural gas service increased 3.3 percent for the same period.
Energy prices declined 5.5 percent over the year, largely due to lower prices for gasoline (-7.2 percent). The utility (piped) service index decreased 19.3 percent—during the past year, 12-month percentage declines have ranged from 27.1 percent to 11.2 percent. Prices paid for electricity rose 2.8 percent, slightly moderating the energy index decline.
All items less food and energyIn the latest 2-month period, the index for all items less food and energy advanced 0.7 percent. The overall index rise was led by higher prices for shelter (+0.6 percent), medical care (+2.9 percent—the largest increase since March 2022), and other goods and services (+3.0 percent). Within the shelter index, the owners’ equivalent rent of residences index increased (+0.6 percent) as did rent of primary residence (+ 0.7 percent); but declining prices for lodging away from home softened the rise in the shelter index. Partially offsetting the all items less food and energy index were declines in prices for new and used motor vehicles, down 1.3 percent, led by used cars and trucks (-3.9 percent). Other declining prices included prices for apparel, down 3.0 percent.
Over the year, the index for all items less food and energy increased 4.6 percent. Components contributing to the January rise included shelter (5.2 percent) and medical care (5.8 percent—the first increase since last January). In the shelter index, owners’ equivalent rent of residences was up 6.1 percent and the index for rent of primary residence advanced 2.9 percent. Other increases in the overall index included other goods and services (+6.6 percent); tuition, other school fees, and childcare (+5.3 percent); household furnishing and operations (+3.2 percent); and recreation (+2.3 percent). The only declines were the apparel index (-0.5 percent); and used cars and trucks, down 3.3 percent—the smallest decline since November 2022.
The March 2024 Consumer Price Index for the Washington-Arlington-Alexandria area is scheduled to be released on April 10, 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 | Nov. 2023 | Dec. 2023 | Jan. 2024 | Jan. 2023 | Nov. 2023 | Dec. 2023 | |
All items | 308.419 | 309.961 | 3.6 | 0.5 | |||
Food and beverages | 303.613 | 305.996 | 1.9 | 0.8 | |||
Food | 312.634 | 315.228 | 2.0 | 0.8 | |||
Food at home | 290.524 | 292.077 | 293.032 | 0.3 | 0.9 | 0.3 | |
Cereals and bakery products | 387.096 | 379.908 | 382.719 | -1.6 | -1.1 | 0.7 | |
Meats, poultry, fish, and eggs | 310.467 | 308.360 | 309.491 | -4.9 | -0.3 | 0.4 | |
Dairy and related products | 287.123 | 290.354 | 292.009 | -1.2 | 1.7 | 0.6 | |
Fruits and vegetables | 294.803 | 301.947 | 306.901 | 2.7 | 4.1 | 1.6 | |
Nonalcoholic beverages and beverage materials(1) | 247.736 | 259.859 | 262.073 | 3.2 | 5.8 | 0.9 | |
Other food at home | 250.229 | 248.967 | 246.399 | 3.5 | -1.5 | -1.0 | |
Food away from home | 343.763 | 346.199 | 4.7 | 0.7 | |||
Alcoholic beverages | 219.620 | 219.942 | 1.1 | 0.1 | |||
Housing | 322.264 | 324.023 | 4.4 | 0.5 | |||
Shelter | 384.062 | 384.565 | 386.317 | 5.2 | 0.6 | 0.5 | |
Rent of primary residence | 412.800 | 414.254 | 415.673 | 2.9 | 0.7 | 0.3 | |
Owners' equivalent rent of residences(2) | 396.573 | 397.212 | 399.138 | 6.1 | 0.6 | 0.5 | |
Owners' equivalent rent of primary residence(2) | 396.573 | 397.212 | 399.138 | 6.1 | 0.6 | 0.5 | |
Fuels and utilities | 282.260 | 282.437 | -1.8 | 0.1 | |||
Household energy | 221.277 | 219.381 | 221.222 | -3.9 | 0.0 | 0.8 | |
Energy services | 225.611 | 223.562 | 226.100 | -3.3 | 0.2 | 1.1 | |
Electricity | 251.935 | 251.837 | 250.127 | 2.8 | -0.7 | -0.7 | |
Utility (piped) gas service | 158.316 | 152.189 | 163.484 | -19.3 | 3.3 | 7.4 | |
Household furnishings and operations | 131.366 | 132.114 | 3.2 | 0.6 | |||
Apparel | 162.797 | 157.929 | -0.5 | -3.0 | |||
Transportation | 268.219 | 265.530 | 3.4 | -1.0 | |||
Private transportation | 280.054 | 277.586 | 3.6 | -0.9 | |||
New and used motor vehicles(3) | 127.675 | 126.032 | 1.7 | -1.3 | |||
New vehicles(1) | 229.498 | 229.099 | 0.0 | -0.2 | |||
Used cars and trucks(1) | 405.377 | 389.743 | -3.3 | -3.9 | |||
Motor fuel | 316.269 | 302.368 | 295.940 | -7.3 | -6.4 | -2.1 | |
Gasoline (all types) | 311.650 | 297.967 | 291.629 | -7.2 | -6.4 | -2.1 | |
Gasoline, unleaded regular(4) | 303.418 | 289.700 | 283.288 | -7.7 | -6.6 | -2.2 | |
325.363 | 313.620 | 307.900 | -4.6 | -5.4 | -1.8 | ||
Gasoline, unleaded premium(4) | 341.391 | 329.559 | 324.220 | -4.1 | -5.0 | -1.6 | |
Medical care | 519.811 | 534.928 | 5.8 | 2.9 | |||
Recreation(3) | 127.748 | 128.950 | 2.3 | 0.9 | |||
Education and communication(3) | 166.430 | 166.418 | 1.8 | 0.0 | |||
Tuition, other school fees, and child care(1) | 1,669.910 | 1,669.910 | 5.3 | 0.0 | |||
Other goods and services | 507.221 | 522.206 | 6.6 | 3.0 | |||
Commodity and service group | |||||||
Commodities | 213.403 | 212.623 | 0.6 | -0.4 | |||
Commodities less food and beverages | 169.037 | 167.081 | -0.4 | -1.2 | |||
Nondurables less food and beverages | 221.567 | 218.136 | 1.3 | -1.5 | |||
Durables | 120.026 | 119.120 | -2.0 | -0.8 | |||
Services | 393.416 | 397.245 | 5.3 | 1.0 | |||
Special aggregate indexes | |||||||
All items less shelter | 277.087 | 278.330 | 2.7 | 0.4 | |||
All items less medical care | 298.545 | 299.471 | 3.4 | 0.3 | |||
Commodities less food | 171.148 | 169.257 | -0.3 | -1.1 | |||
Nondurables | 261.430 | 260.914 | 1.6 | -0.2 | |||
Nondurables less food | 220.856 | 217.695 | 1.3 | -1.4 | |||
Services less rent of shelter(2) | 415.802 | 422.033 | 5.5 | 1.5 | |||
Services less medical care services | 381.282 | 384.013 | 5.4 | 0.7 | |||
Energy | 269.218 | 262.378 | 260.849 | -5.5 | -3.1 | -0.6 | |
All items less energy | 315.596 | 317.800 | 4.2 | 0.7 | |||
All items less food and energy | 317.394 | 319.534 | 4.6 | 0.7 | |||
Footnotes |
Last Modified Date: Tuesday, February 13, 2024