Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

News Release Information

24-1407-PHI
Thursday, July 11, 2024

Contacts Technical information: Media contact:

Consumer Price Index, Baltimore-Columbia-Towson – June 2024

Area prices were up 0.3 percent over the past 2 months, up 3.0 percent from a year ago

Prices in the Baltimore-Columbia-Towson area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.3 percent for the 2 months ending in June 2024, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Alexandra Hall Bovee noted the increase was influenced by higher prices for medical care and shelter, both of which are index sub-components. The all items less food and energy index increased 0.5 percent while the energy index decreased 1.7 percent. The food index declined 0.1 percent in the same period. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.) (See table A.)

Over the last 12 months, the CPI-U rose 3.0 percent, mostly due to a 2.9-percent rise in the all items less food and energy index. The energy index increased 5.7 percent and the food index was up 2.9 percent. (See chart 1 and table 1.)

Food

Food prices decreased 0.1 percent for the 2 months ending in June 2024. The food at home index fell 0.9 percent due to lower prices for fruits and vegetables (down 4.1 percent, the largest decrease in over a year), meats, poultry, fish, and eggs (down 1.3 percent), nonalcoholic beverages and beverage materials (down 1.1 percent) and other food at home (down 0.5 percent). Offsetting the food index decline were increases in cereals and bakery products (up 2.5 percent) and dairy and related products (up 0.5 percent). The food away from home index increased 0.8 percent.

Over the year, the food index rose 2.9 percent as prices for food away from home were up 4.3 percent. The food at home index increased 1.7 percent due to higher prices for meats, poultry, fish, and eggs (up 3.7 percent – the largest increase since February 2023), nonalcoholic beverages and beverage materials (up 2.5 percent), cereals and bakery products (up 2.4 percent) and fruits and vegetables (up 1.4 percent). In the same period, prices for dairy and related products and other food at home declined -0.5 percent and -0.2 percent respectively.

Energy

In the two months ending in June, the energy index decreased 1.7 percent. The energy index decline was mainly due to falling prices for gasoline (down 3.1 percent) and electricity (down 0.6 percent). Prices for utility (piped) gas service were up 3.0 percent.

From June 2023 to June 2024 the energy index advanced 5.7 percent. The electricity index rose 5.3 percent and the gasoline index increased 3.4 percent. The utility (piped) gas service index increased 23.6 percent (the largest index rise since the first quarter of 2023).

All items less food and energy

The index for all items less food and energy increased 0.5 percent in the two months ending in June 2024, reflecting increases throughout the categories within the index. The medical care index increased 2.6 percent (the largest increase since December 2022) due to increasing prices for medical care commodities and medical care services. The shelter index was up 0.5 percent—within shelter, the owners’ equivalent rent of residences index was up 0.7 percent and the rent of primary residence index also increased, up 1.0 percent. The recreation index rose 2.1 percent. The household furnishings and operations index increased 0.8 percent in the same period. Countering the rises were lower prices for apparel (down 4.3 percent) and education and communication (down 1.3 percent).

Over the year, the all items less food and energy index advanced 2.9 percent, led by a 4.6-percent increase in the shelter index and, within shelter, a 4.6-percent rise in the owners’ equivalent rent of residences index and a 5.2-percent rise in the rent of primary residence index. Also contributing to the increase were the recreation index and the other goods and services index, increasing 4.8 and 5.2 percent respectively. Tempering the all items less food and energy index rise was the new and used motor vehicles index (down 3.9 percent), as prices for used cars and trucks declined 9.2 percent (continuing the trend of price decreases that started in December 2022) and new vehicle prices decreased 1.4 percent. Household furnishings and operations declined 4.4 percent.

Table A. Baltimore-Columbia-Towson, MD, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

0.5 1.8 0.1 1.1 1.3 9.3 1.2 6.1 1.7 2.6

April

-0.1 0.1 1.8 2.9 1.6 9.1 0.7 5.3 1.0 2.9

June

-0.4 0.4 1.1 4.5 2.6 10.6 0.2 2.8 0.3 3.0

August

0.5 0.7 0.5 4.5 0.1 10.2 0.5 3.1

October

0.6 1.3 2.3 6.3 0.7 8.4 -0.2 2.2

December

0.2 1.4 1.8 8.0 -0.1 6.3 -0.3 2.1

The August 2024 Consumer Price Index for the Baltimore-Columbia-Towson area is scheduled to be released on September 11, 2024.


Technical Note

The Consumer Price Index for Baltimore-Columbia-Towson 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 Baltimore-Columbia-Towson, MD, Core Based Statistical Area includes Anne Arundel, Baltimore, Carroll, Harford, Howard, and Queen Anne’s counties, as well as Baltimore City, in Maryland.

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.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, Baltimore-Columbia-Towson, MD, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
Historical
data
Apr.
2024
May
2024
Jun.
2024
Jun.
2023
Apr.
2024
May
2024

All items

314.927   315.803 3.0 0.3  

Food and beverages

334.322   334.049 2.8 -0.1  

Food

334.533   334.159 2.9 -0.1  

Food at home

295.231 289.940 292.657 1.7 -0.9 0.9

Cereals and bakery products

356.107 352.924 365.112 2.4 2.5 3.5

Meats, poultry, fish, and eggs

304.794 290.832 300.933 3.7 -1.3 3.5

Dairy and related products

272.168 277.314 273.598 -0.5 0.5 -1.3

Fruits and vegetables

327.954 317.589 314.466 1.4 -4.1 -1.0

Nonalcoholic beverages and beverage materials(1)

222.027 224.895 219.612 2.5 -1.1 -2.3

Other food at home

275.533 271.334 274.050 -0.2 -0.5 1.0

Food away from home

389.064   392.346 4.3 0.8  

Alcoholic beverages

327.278   328.259 1.3 0.3  

Housing(1)

315.437   316.917 3.8 0.5  

Shelter

370.629 371.250 372.445 4.6 0.5 0.3

Rent of primary residence

428.090 429.751 432.195 5.2 1.0 0.6

Owners' equivalent rent of residences(2)

389.615 391.368 392.457 4.6 0.7 0.3

Owners' equivalent rent of primary residence(2)

389.615 391.368 392.457 4.6 0.7 0.3

Fuels and utilities

316.699   316.362 6.8 -0.1  

Household energy

281.950 281.695 281.658 7.0 -0.1 0.0

Energy services

304.068 303.306 303.164 6.6 -0.3 0.0

Electricity

286.657 286.016 285.039 5.3 -0.6 -0.3

Utility (piped) gas service

237.953 236.575 245.092 23.6 3.0 3.6

Household furnishings and operations

135.372   136.513 -4.4 0.8  

Apparel

130.783   125.101 -4.6 -4.3  

Transportation

288.677   287.335 4.2 -0.5  

Private transportation

294.092   295.097 4.7 0.3  

New and used motor vehicles(3)

135.678   135.754 -3.9 0.1  

New vehicles(1)

276.662   277.262 -1.4 0.2  

Used cars and trucks(1)

317.998   320.483 -9.2 0.8  

Motor fuel

321.875 316.744 311.588 3.2 -3.2 -1.6

Gasoline (all types)

314.762 309.853 304.930 3.4 -3.1 -1.6

Gasoline, unleaded regular(4)

318.877 313.622 308.388 3.2 -3.3 -1.7

Gasoline, unleaded midgrade(4)(5)

337.972 334.822 330.862 4.2 -2.1 -1.2

Gasoline, unleaded premium(4)

322.709 319.246 315.633 4.9 -2.2 -1.1

Medical care

506.083   519.018 0.4 2.6  

Recreation

145.806   148.877 4.8 2.1  

Education and communication(3)

163.859   161.705 0.7 -1.3  

Tuition, other school fees, and child care(1)

1,384.338   1,384.338 5.2 0.0  

Other goods and services

546.212   548.164 5.2 0.4  

Commodity and service group

Commodities

233.808   232.177 -0.1 -0.7  

Commodities less food and beverages

189.021   186.925 -1.4 -1.1  

Nondurables less food and beverages

239.859   236.579 1.5 -1.4  

Durables

133.249   132.183 -4.6 -0.8  

Services

394.200   397.583 5.1 0.9  

Special aggregate indexes

All items less shelter

294.577   295.067 2.3 0.2  

All items less medical care

305.436   305.681 3.2 0.1  

Commodities less food

193.208   191.193 -1.3 -1.0  

Nondurables

283.142   281.274 2.3 -0.7  

Nondurables less food

244.465   241.460 1.4 -1.2  

Services less rent of shelter(2)

434.756   440.457 5.6 1.3  

Services less medical care services

383.710   386.400 5.8 0.7  

Energy(1)

312.155 309.429 306.805 5.7 -1.7 -0.8

All items less energy

317.180   318.546 2.8 0.4  

All items less food and energy

314.623   316.276 2.9 0.5  

Footnotes
(1) Indexes on a March 1978=100 base.
(2) Indexes on a November 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.

 

Last Modified Date: Thursday, July 11, 2024