News Release Information

17-1535-PHI
Wednesday, November 15, 2017

Contacts

Technical information:
Media contact:

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

Area prices unchanged since August; up 0.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Wilmington-Atlantic City was unchanged from August to October, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that lower prices for all items less food and energy (-0.1 percent) were offset by higher prices for food (0.3 percent) and energy (0.4 percent) since August. (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 0.8 percent. (See chart 1 and table A.) The over-the-year rise was led by increases in the energy index (6.0 percent) and the all items less food and energy index (0.4 percent). Prices for food also rose since October 2016, up 0.8 percent. (See table 1.)

Food

Following a 0.8-percent rise from June to August, the food index increased 0.3 percent over the last two months. Prices were higher for both food at home and food away from home (0.3 percent each) since August. Within the food at home component, higher prices for various items including citrus fruits were moderated by lower prices for salad dressing and milk, among others.

Over the year, the food index increased 0.8 percent. Prices for food away from home rose 2.3 percent, while those for food at home edged down 0.2 percent.

Energy

The energy index, which includes prices for household and transportation fuels, increased 0.4 percent since August. This was due largely to higher prices for gasoline, up 3.5 percent over the last two months. Prices were lower for both electricity (-4.3 percent) and utility (piped) gas service (-2.8 percent) since August.

Over the year, the energy index rose 6.0 percent, led by a 16.7-percent advance in gasoline prices. Prices were also higher for utility (piped) gas service (4.0 percent), while those for electricity declined 5.2 percent over the year.

All items less food and energy

The index for all items less food and energy inched down 0.1 percent from August to October, led by lower prices for new and used motor vehicles and recreation (-1.0 percent). Higher prices for education and communication (0.7 percent), shelter (0.1 percent), and other goods and services (0.8 percent) moderated the decrease in the all items less food and energy index since August.

Since October 2016, the index for all items less food and energy increased 0.4 percent. This was largely due to higher prices for shelter (2.0 percent). Lower prices for education and communication (-2.8 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 0.5 1.4

October

-0.4 0.3 -0.1 1.6 -0.3 -0.5 0.6 1.3 0.0 0.8

December

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

The Consumer Price Index for December 2017 is scheduled to be released Friday, January 12, 2018 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
Aug.
2017
Sep.
2017
Oct.
2017
Oct.
2016
Aug.
2017
Sep.
2017

All items

Go to web page with historical data for series CUURA102SA0
248.919   248.956 0.8 0.0  

All items (1967 = 100)

Go to web page with historical data for series CUURA102AA0
719.113   719.219      
 

Food and beverages

Go to web page with historical data for series CUURA102SAF
233.252   233.750 0.7 0.2  

Food

Go to web page with historical data for series CUURA102SAF1
233.030   233.726 0.8 0.3  

Food at home

Go to web page with historical data for series CUURA102SAF11
238.332 236.608 239.047 -0.2 0.3 1.0

Food away from home

Go to web page with historical data for series CUURA102SEFV
220.341   220.996 2.3 0.3  

Alcoholic beverages

Go to web page with historical data for series CUURA102SAF116
232.882   231.057 -0.4 -0.8  
 

Housing

Go to web page with historical data for series CUURA102SAH
256.472   256.047 1.4 -0.2  

Shelter

Go to web page with historical data for series CUURA102SAH1
319.906 319.583 320.165 2.0 0.1 0.2

Rent of primary residence(1)

Go to web page with historical data for series CUURA102SEHA
297.212 297.460 297.471 2.4 0.1 0.0

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

Go to web page with historical data for series CUURA102SEHC
327.425 327.228 327.373 1.6 0.0 0.0

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

Go to web page with historical data for series CUURA102SEHC01
327.425 327.228 327.373 1.6 0.0 0.0

Fuels and utilities

Go to web page with historical data for series CUURA102SAH2
201.570   199.831 0.1 -0.9  

Household energy

Go to web page with historical data for series CUURA102SAH21
167.072 167.234 164.005 -1.0 -1.8 -1.9

Gas (piped) and electricity(1)

Go to web page with historical data for series CUURA102SEHF
179.972 178.205 173.116 -2.5 -3.8 -2.9

Electricity(1)

Go to web page with historical data for series CUURA102SEHF01
186.099 186.285 178.165 -5.2 -4.3 -4.4

Utility (piped) gas service(1)

Go to web page with historical data for series CUURA102SEHF02
158.351 153.070 153.881 4.0 -2.8 0.5

Household furnishings and operations

Go to web page with historical data for series CUURA102SAH3
112.779   111.034 -2.3 -1.5  
 

Apparel

Go to web page with historical data for series CUURA102SAA
113.485   113.454 -4.5 0.0  
 

Transportation

Go to web page with historical data for series CUURA102SAT
207.656   208.203 3.6 0.3  

Private transportation

Go to web page with historical data for series CUURA102SAT1
206.742   206.859 3.8 0.1  

Motor fuel

Go to web page with historical data for series CUURA102SETB
224.479 250.847 232.260 16.8 3.5 -7.4

Gasoline (all types)

Go to web page with historical data for series CUURA102SETB01
221.331 247.463 228.974 16.7 3.5 -7.5

Gasoline, unleaded regular(4)

Go to web page with historical data for series CUURA102SS47014
217.835 244.495 225.732 17.1 3.6 -7.7

Gasoline, unleaded midgrade(4)(5)

Go to web page with historical data for series CUURA102SS47015
229.966 253.080 235.779 15.3 2.5 -6.8

Gasoline, unleaded premium(4)

Go to web page with historical data for series CUURA102SS47016
227.265 249.290 233.491 15.0 2.7 -6.3
 

Medical care

Go to web page with historical data for series CUURA102SAM
510.778   510.080 -0.6 -0.1  
 

Recreation(6)

Go to web page with historical data for series CUURA102SAR
122.740   121.572 -0.2 -1.0  
 

Education and communication(6)

Go to web page with historical data for series CUURA102SAE
129.279   130.172 -2.8 0.7  
 

Other goods and services

Go to web page with historical data for series CUURA102SAG
530.322   534.786 1.4 0.8  
 

Commodity and service group

 

Commodities

Go to web page with historical data for series CUURA102SAC
176.647   177.048 0.2 0.2  

Commodities less food and beverages

Go to web page with historical data for series CUURA102SACL11
145.393   145.735 0.0 0.2  

Nondurables less food and beverages

Go to web page with historical data for series CUURA102SANL11
185.443   188.403 1.9 1.6  

Durables

Go to web page with historical data for series CUURA102SAD
101.594   99.679 -3.1 -1.9  

Services

Go to web page with historical data for series CUURA102SAS
322.227   321.932 1.1 -0.1  
 

Special aggregate indexes

 

All items less shelter

Go to web page with historical data for series CUURA102SA0L2
225.697   225.651 0.2 0.0  

All items less medical care

Go to web page with historical data for series CUURA102SA0L5
237.907   237.977 0.9 0.0  

Commodities less food

Go to web page with historical data for series CUURA102SACL1
148.499   148.777 -0.1 0.2  

Nondurables

Go to web page with historical data for series CUURA102SAN
210.490   212.373 1.3 0.9  

Nondurables less food

Go to web page with historical data for series CUURA102SANL1
188.208   190.877 1.7 1.4  

Services less rent of shelter(2)

Go to web page with historical data for series CUURA102SASL2RS
331.696   330.776 0.2 -0.3  

Services less medical care services

Go to web page with historical data for series CUURA102SASL5
307.968   307.685 1.2 -0.1  

Energy

Go to web page with historical data for series CUURA102SA0E
187.750 197.146 188.497 6.0 0.4 -4.4

All items less energy

Go to web page with historical data for series CUURA102SA0LE
257.547   257.507 0.4 0.0  

All items less food and energy

Go to web page with historical data for series CUURA102SA0L1E
264.341   264.177 0.4 -0.1  

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: Wednesday, November 15, 2017