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17-1018-PHI
Friday, July 14, 2017

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

Area prices down 0.3 percent since April; up 0.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Wilmington-Atlantic City edged down 0.3 percent from April to June, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that lower prices for food (-1.1 percent) and energy (-1.7 percent) contributed to the recent 2-month decline. The all items less food and energy index was unchanged since April. (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 0.7 percent. (See chart 1 and table A.) The over-the-year rise was led by increases in the all items less food and energy index (0.6 percent) and the energy index (2.6 percent). Prices for food were unchanged since June 2016. (See table 1.)

Food

Following a 1.0-percent rise from February to April, the food index decreased 1.1 percent over the last two months. Prices for food at home decreased 2.0 percent, while those for food away from home edged up 0.2 percent since April. Within the food at home component, lower prices for various items including lettuce and carbonated drinks were moderated by higher prices for citrus fruits.

Over the year, the food index was unchanged. Lower prices for food at home (-1.1 percent) were offset by higher prices for food away from home (1.5 percent).

Energy

The energy index, which includes prices for household and transportation fuels, declined 1.7 percent since April. This was due largely to lower prices for gasoline, down 3.9 percent over the last two months. Prices for utility (piped) gas service also decreased since April, down 0.1 percent, while those for electricity increased, up 1.3 percent.

Over the year, the energy index rose 2.6 percent, led by an 5.5-percent advance in gasoline prices. Prices were also higher for utility (piped) gas service (6.9 percent), while those for electricity declined 2.6 percent over the year.

All items less food and energy

The index for all items less food and energy was unchanged from April to June. Higher prices for new and used motor vehicles, along with those for medical care (0.4 percent), were offset by lower prices for apparel (-2.5 percent) and lodging away from home since April.

Since June 2016, the index for all items less food and energy increased 0.6 percent. This was largely due to higher prices for shelter (1.9 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 -0.3 0.7

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 August 2017 is scheduled to be released Thursday, September 14, 2017 at 8:30 am (ET).

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, the index for this area will be renamed. The first indexes using the new structure will be published in February 2018. Additional information on the geographic revision is available at: www.bls.gov/cpi/georevision2018.htm.


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
Apr.
2017
May
2017
Jun.
2017
Jun.
2016
Apr.
2017
May
2017

All items

Go to web page with historical data for series CUURA102SA0
248.411   247.713 0.7 -0.3  

All items (1967 = 100)

Go to web page with historical data for series CUURA102AA0
717.645   715.628      
 

Food and beverages

Go to web page with historical data for series CUURA102SAF
233.970   231.821 0.1 -0.9  

Food

Go to web page with historical data for series CUURA102SAF1
233.858   231.272 0.0 -1.1  

Food at home

Go to web page with historical data for series CUURA102SAF11
241.290 239.898 236.426 -1.1 -2.0 -1.4

Food away from home

Go to web page with historical data for series CUURA102SEFV
218.358   218.821 1.5 0.2  

Alcoholic beverages

Go to web page with historical data for series CUURA102SAF116
232.295   235.301 1.8 1.3  
 

Housing

Go to web page with historical data for series CUURA102SAH
255.271   255.246 1.4 0.0  

Shelter

Go to web page with historical data for series CUURA102SAH1
317.426 317.954 317.446 1.9 0.0 -0.2

Rent of primary residence(1)

Go to web page with historical data for series CUURA102SEHA
294.273 294.648 295.434 1.8 0.4 0.3

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

Go to web page with historical data for series CUURA102SEHC
325.946 326.344 326.190 1.8 0.1 0.0

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

Go to web page with historical data for series CUURA102SEHC01
325.946 326.344 326.190 1.8 0.1 0.0

Fuels and utilities

Go to web page with historical data for series CUURA102SAH2
202.452   202.895 1.1 0.2  

Household energy

Go to web page with historical data for series CUURA102SAH21
168.524 169.095 168.346 0.6 -0.1 -0.4

Gas (piped) and electricity(1)

Go to web page with historical data for series CUURA102SEHF
179.341 180.420 180.876 0.2 0.9 0.3

Electricity(1)

Go to web page with historical data for series CUURA102SEHF01
185.375 186.888 187.794 -2.6 1.3 0.5

Utility (piped) gas service(1)

Go to web page with historical data for series CUURA102SEHF02
157.928 158.142 157.737 6.9 -0.1 -0.3

Household furnishings and operations

Go to web page with historical data for series CUURA102SAH3
114.130   113.550 -2.7 -0.5  
 

Apparel

Go to web page with historical data for series CUURA102SAA
113.182   110.298 1.2 -2.5  
 

Transportation

Go to web page with historical data for series CUURA102SAT
208.095   206.744 1.5 -0.6  

Private transportation

Go to web page with historical data for series CUURA102SAT1
206.312   205.059 2.1 -0.6  

Motor fuel

Go to web page with historical data for series CUURA102SETB
227.269 224.005 218.369 5.6 -3.9 -2.5

Gasoline (all types)

Go to web page with historical data for series CUURA102SETB01
224.152 220.940 215.345 5.5 -3.9 -2.5

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUURA102SS47014
220.931 217.568 211.757 5.3 -4.2 -2.7

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUURA102SS47015
231.506 229.118 223.721 6.0 -3.4 -2.4

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUURA102SS47016
228.526 226.217 222.572 6.6 -2.6 -1.6
 

Medical care

Go to web page with historical data for series CUURA102SAM
507.716   509.792 -0.3 0.4  
 

Recreation(6)

Go to web page with historical data for series CUURA102SAR
123.055   122.888 0.1 -0.1  
 

Education and communication(6)

Go to web page with historical data for series CUURA102SAE
128.971   128.915 -3.1 0.0  
 

Other goods and services

Go to web page with historical data for series CUURA102SAG
529.487   529.328 2.9 0.0  
 

Commodity and service group

 

Commodities

Go to web page with historical data for series CUURA102SAC
177.558   175.706 -0.2 -1.0  

Commodities less food and beverages

Go to web page with historical data for series CUURA102SACL11
146.333   144.691 -0.4 -1.1  

Nondurables less food and beverages

Go to web page with historical data for series CUURA102SANL11
187.346   183.649 1.6 -2.0  

Durables

Go to web page with historical data for series CUURA102SAD
101.650   101.871 -3.2 0.2  

Services

Go to web page with historical data for series CUURA102SAS
320.407   320.743 1.2 0.1  
 

Special aggregate indexes

 

All items less shelter

Go to web page with historical data for series CUURA102SA0L2
225.924   224.946 0.1 -0.4  

All items less medical care

Go to web page with historical data for series CUURA102SA0L5
237.512   236.687 0.8 -0.3  

Commodities less food

Go to web page with historical data for series CUURA102SACL1
149.396   147.888 -0.3 -1.0  

Nondurables

Go to web page with historical data for series CUURA102SAN
211.883   208.832 0.8 -1.4  

Nondurables less food

Go to web page with historical data for series CUURA102SANL1
189.960   186.671 1.6 -1.7  

Services less rent of shelter(2)

Go to web page with historical data for series CUURA102SASL2RS
330.595   331.290 0.4 0.2  

Services less medical care services

Go to web page with historical data for series CUURA102SASL5
306.052   306.328 1.2 0.1  

Energy

Go to web page with historical data for series CUURA102SA0E
189.677 188.899 186.426 2.6 -1.7 -1.3

All items less energy

Go to web page with historical data for series CUURA102SA0LE
256.769   256.344 0.6 -0.2  

All items less food and energy

Go to web page with historical data for series CUURA102SA0L1E
263.287   263.217 0.6 0.0  

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, July 14, 2017