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Friday, May 12, 2017

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Consumer Price Index, Philadelphia-Wilmington-Atlantic City – April 2017

Area prices unchanged since February; up 1.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Wilmington-Atlantic City was unchanged from February to April, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that lower prices for all items less food and energy (-0.3 percent) were offset by higher prices for energy (2.6 percent) and food (1.0 percent) since February. (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 1.3 percent. (See chart 1 and table A.) The over-the-year rise was led by increases in the energy index (8.1 percent) and the all items less food and energy index (0.7 percent). Prices for food also rose since April 2016, up 1.3 percent. (See table 1.)

Food

Following a 0.7-percent rise from December to February, the food index increased 1.0 percent over the last two months. Prices were higher for both food at home (1.3 percent) and food away from home (0.5 percent) since February. Within the food at home component, higher prices for various items including nonfrozen noncarbonated juices and drinks and uncooked beef steaks were moderated by lower prices for ice cream and related products and uncooked ground beef, among others.

Over the year, the food index increased 1.3 percent. Prices for food away from home rose 2.1 percent and those for food at home increased 0.8 percent.

Energy

The energy index, which includes prices for household and transportation fuels, advanced 2.6 percent since February. This was due largely to higher prices for gasoline, up 4.1 percent over the last two months. Prices for utility (piped) gas service also increased since February, up 5.6 percent, while those for electricity declined, down 0.3 percent.

Over the year, the energy index rose 8.1 percent, led by an 18.0-percent advance in gasoline prices. Prices were also higher for utility (piped) gas service (6.5 percent), while those for electricity declined 3.1 percent over the year.

All items less food and energy

The index for all items less food and energy edged down 0.3 percent from February to April, led by lower prices for education and communication (-3.7 percent) and new vehicles. Higher prices for shelter (0.4 percent) moderated the decrease in the all items less food and energy index since February.

Since April 2016, the index for all items less food and energy increased 0.7 percent. This was largely due to higher prices for shelter (2.4 percent). Lower prices for education and communication (-3.1 percent), among others, moderated the 12-month increase in the all items less food and energy index.

Table A. Philadelphia CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2013 2014 2015 2016 2017
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

0.7 1.8 0.5 1.0 -0.2 -0.1 0.3 0.3 0.7 2.1

April

0.1 1.1 0.5 1.4 0.5 0.0 0.9 0.6 0.0 1.3

June

0.3 1.5 0.6 1.8 0.8 0.2 0.3 0.1    

August

0.5 1.1 0.0 1.3 -0.5 -0.3 -0.2 0.3    

October

-0.4 0.3 -0.1 1.6 -0.3 -0.5 0.6 1.3    

December

0.1 1.2 -0.8 0.6 -0.6 -0.2 -0.1 1.7    

The Consumer Price Index for June 2017 is scheduled to be released Friday, July 14, 2017 at 8:30 am (ET).


Technical Note

The Consumer Price Index for Philadelphia-Wilmington-Atlantic City 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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 28 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 87 urban areas across the country from about 4,000 housing units and approximately 26,000 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-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., Consolidated Metropolitan Statistical Area includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Atlantic, Burlington, Camden, Cape May, Cumberland, 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-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
 
Historical
data
Feb.
2017
Mar.
2017
Apr.
2017
Apr.
2016
Feb.
2017
Mar.
2017

All items

Go to web page with historical data for series CUURA102SA0
248.345   248.411 1.3 0.0  

All items (1967 = 100)

Go to web page with historical data for series CUURA102AA0
717.455   717.645      
 

Food and beverages

Go to web page with historical data for series CUURA102SAF
231.922   233.970 1.4 0.9  

Food

Go to web page with historical data for series CUURA102SAF1
231.542   233.858 1.3 1.0  

Food at home

Go to web page with historical data for series CUURA102SAF11
238.144 238.133 241.290 0.8 1.3 1.3

Food away from home

Go to web page with historical data for series CUURA102SEFV
217.186   218.358 2.1 0.5  

Alcoholic beverages

Go to web page with historical data for series CUURA102SAF116
233.427   232.295 1.9 -0.5  
 

Housing

Go to web page with historical data for series CUURA102SAH
253.897   255.271 2.1 0.5  

Shelter

Go to web page with historical data for series CUURA102SAH1
316.102 316.368 317.426 2.4 0.4 0.3

Rent of primary residence(1)

Go to web page with historical data for series CUURA102SEHA
292.817 293.477 294.273 1.8 0.5 0.3

Owners' equivalent rent of residences(1)(2)(3)

Go to web page with historical data for series CUURA102SEHC
324.536 325.456 325.946 2.3 0.4 0.2

Owners' equivalent rent of primary residence(1)(2)(3)

Go to web page with historical data for series CUURA102SEHC01
324.536 325.456 325.946 2.3 0.4 0.2

Fuels and utilities

Go to web page with historical data for series CUURA102SAH2
199.955   202.452 1.7 1.2  

Household energy

Go to web page with historical data for series CUURA102SAH21
165.944 167.231 168.524 1.8 1.6 0.8

Gas (piped) and electricity(1)

Go to web page with historical data for series CUURA102SEHF
176.689 178.345 179.341 -0.2 1.5 0.6

Electricity(1)

Go to web page with historical data for series CUURA102SEHF01
185.866 183.751 185.375 -3.1 -0.3 0.9

Utility (piped) gas service(1)

Go to web page with historical data for series CUURA102SEHF02
149.608 158.150 157.928 6.5 5.6 -0.1

Household furnishings and operations

Go to web page with historical data for series CUURA102SAH3
113.360   114.130 -0.8 0.7  
 

Apparel

Go to web page with historical data for series CUURA102SAA
114.340   113.182 0.4 -1.0  
 

Transportation

Go to web page with historical data for series CUURA102SAT
206.708   208.095 2.6 0.7  

Private transportation

Go to web page with historical data for series CUURA102SAT1
205.142   206.312 3.7 0.6  

Motor fuel

Go to web page with historical data for series CUURA102SETB
218.292 212.555 227.269 18.0 4.1 6.9

Gasoline (all types)

Go to web page with historical data for series CUURA102SETB01
215.241 209.553 224.152 18.0 4.1 7.0

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUURA102SS47014
211.978 205.906 220.931 18.2 4.2 7.3

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUURA102SS47015
222.553 219.057 231.506 16.7 4.0 5.7

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUURA102SS47016
220.597 216.998 228.526 16.8 3.6 5.3
 

Medical care

Go to web page with historical data for series CUURA102SAM
508.405   507.716 -0.8 -0.1  
 

Recreation(6)

Go to web page with historical data for series CUURA102SAR
124.295   123.055 0.2 -1.0  
 

Education and communication(6)

Go to web page with historical data for series CUURA102SAE
133.974   128.971 -3.1 -3.7  
 

Other goods and services

Go to web page with historical data for series CUURA102SAG
533.018   529.487 3.4 -0.7  
 

Commodity and service group

 

Commodities

Go to web page with historical data for series CUURA102SAC
176.470   177.558 1.4 0.6  

Commodities less food and beverages

Go to web page with historical data for series CUURA102SACL11
145.676   146.333 1.4 0.5  

Nondurables less food and beverages

Go to web page with historical data for series CUURA102SANL11
185.537   187.346 4.5 1.0  

Durables

Go to web page with historical data for series CUURA102SAD
102.019   101.650 -3.2 -0.4  

Services

Go to web page with historical data for series CUURA102SAS
321.274   320.407 1.2 -0.3  
 

Special aggregate indexes

 

All items less shelter

Go to web page with historical data for series CUURA102SA0L2
226.331   225.924 0.7 -0.2  

All items less medical care

Go to web page with historical data for series CUURA102SA0L5
237.412   237.512 1.5 0.0  

Commodities less food

Go to web page with historical data for series CUURA102SACL1
148.790   149.396 1.4 0.4  

Nondurables

Go to web page with historical data for series CUURA102SAN
209.934   211.883 2.9 0.9  

Nondurables less food

Go to web page with historical data for series CUURA102SANL1
188.330   189.960 4.3 0.9  

Services less rent of shelter(2)

Go to web page with historical data for series CUURA102SASL2RS
333.930   330.595 0.0 -1.0  

Services less medical care services

Go to web page with historical data for series CUURA102SASL5
306.899   306.052 1.4 -0.3  

Energy

Go to web page with historical data for series CUURA102SA0E
184.837 183.652 189.677 8.1 2.6 3.3

All items less energy

Go to web page with historical data for series CUURA102SA0LE
257.224   256.769 0.8 -0.2  

All items less food and energy

Go to web page with historical data for series CUURA102SA0L1E
264.208   263.287 0.7 -0.3  

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Indexes on a December 1982=100 base.
(3) This index series underwent a change in composition in January 2010. The expenditure class now includes weight from secondary residences, and has been re-titled "Owners' equivalent rent of residences." The item stratum "Owners' equivalent rent of primary residence" excludes secondary residences.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) Indexes on a December 1997=100 base.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Friday, May 12, 2017