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News Release Information

25-61-PHI
Wednesday, January 15, 2025

Contacts Technical information: Media contact:

Consumer Price Index, Philadelphia-Camden-Wilmington – December 2024

Area prices were unchanged over the past 2 months, up 3.3 percent from a year ago

Prices in the Philadelphia-Camden-Wilmington area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were unchanged for the 2 months ending in December, the U.S. Bureau of Labor Statistics reported today. (See table A). Regional Commissioner Alexandra Hall Bovee noted that price changes were mixed throughout each major category. The energy index declined 1.0 percent and the all items less food and energy index declined 0.1 percent, counterbalancing an increase of 0.5 percent in the food index. (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 3.3 percent, led by the index for all items less food and energy, up 3.6 percent largely due to rising shelter prices. (See chart 1 and table A.) Food prices also rose, up 3.3 percent. The energy index decreased 0.3 percent, in part due to lower prices for gasoline. (See table 1). 

Food

In the two months ending in December, the food index advanced 0.5 percent, mostly due to the food away from home index as it rose 0.9 percent. The food at home index rose 0.2 percent in the same period. Leading the rise in grocery prices were nonalcoholic beverages and beverage materials, up 5.0 percent; and cereals and bakery products, up 3.8 percent. Tempering the grocery index were decreased prices for fruits and vegetables and other food at home, down 4.1 and 1.1 percent respectively.

Over the year, food prices rose 3.3 percent as prices for food away from home were up 4.9 percent. Prices for food at home increased 2.3 percent. Mainly contributing to the increase for food at home was the meats, poultry, fish, and eggs index, up 6.0 percent. Prices also rose for nonalcoholic beverages and beverage materials, up 4.6 percent. Declining prices for fruits and vegetables, down3.4 percent, slightly tempered the rise in the grocery index.

Energy

The energy index decreased 1.0 percent for the 2 months ending in December. The decrease was mainly due to lower prices in the gasoline index, down 3.3 percent. Electricity prices decreased 0.5 percent. For the same period, utility (piped) gas service prices increased 1.9 percent and fuel oil prices also rose.

From December 2023 to December 2024, energy prices declined 0.3 percent, led by a lower gasoline index, down 9.6 percent, and declining prices for fuel oil. Prices for electricity increased 9.2 percent and prices for natural gas service rose 5.8 percent.

All items less food and energy

The index for all items less food and energy decreased 0.1 percent in the latest 2-month period. The decrease was led by declines in prices for household furnishings and operations, down 1.7 percent; recreation, down 1.2 percent; and medical care, down 0.6 percent. Prices for other goods and services, down 1.3 percent, and apparel, down 1.0 percent, contributed to the decrease as well. Offsetting the decrease was the shelter index rising 0.3 percent due to its sub-components lodging away from home; owners' equivalent rent of residences, up 0.1 percent; and rent of primary residence, up 0.5 percent. The education and communication index increased 0.4 percent and public transportation prices also rose in the same 2-month period.

During the past year, the index for all items less food and energy advanced 3.6 percent. The advance was primarily driven by a 4.8-percent increase in the shelter index. Within shelter, the indexes for owners’ equivalent rent of residences and rent of primary residence increased 4.8 and 5.5 percent, respectively, and lodging away from home also rose. The apparel index rose 6.9 percent over the year, while the education and communication index was up 3.4 percent for the same period. Slightly offsetting the overall index increase was a decrease in prices for household furnishings and operations, down 2.2 percent. The new and used motor vehicles index was down 0.9 percent for the same period, with prices for used cars and trucks continuing to decline as they have for every published month since December 2022, down 2.1 percent over the year in December 2024.

Table A. Philadelphia-Camden-Wilmington, PA-NJ-DE-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

1.0 2.6 0.8 1.0 1.5 7.3 2.0 6.9 1.6 3.4

April

-1.3 -0.1 1.2 3.5 2.2 8.4 0.1 4.7 0.7 4.1

June

0.6 0.1 1.9 4.9 2.3 8.8 0.7 3.1 0.3 3.6

August

0.8 0.4 0.6 4.6 0.0 8.1 0.8 3.9 0.6 3.4

October

0.0 0.8 1.0 5.6 0.6 7.8 0.2 3.5 0.2 3.4

December

0.0 1.1 0.9 6.6 -0.4 6.4 0.0 3.9 0.0 3.3

The February 2025 Consumer Price Index for the Philadelphia-Camden-Wilmington area is scheduled to be released on March 12, 2025.

Notice Regarding Ceasing Publication of Utility Indexes

With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued.

The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity
  • Utility (piped) gas (often referred to as natural gas)
  • Energy services
  • Fuels and utilities
  • Household energy

The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity per KWH
  • Utility (piped) gas per therm

Technical Note

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 Consumer Price Index for Philadelphia-Camden-Wilmington is published bi-monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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-Camden-Wilmington, PA-NJ-DE-MD, Core Based Statistical Area includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Burlington, Camden, Cumberland, Gloucester, and Salem Counties in New Jersey; New Castle County in Delaware; and Cecil County in Maryland.

Refer to the national CPI news release technical note or the Handbook of Methods for more information.

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, Philadelphia-Camden-Wilmington, PA-NJ-DE-MD, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
Historical
data
Oct.
2024
Nov.
2024
Dec.
2024
Dec.
2023
Oct.
2024
Nov.
2024

All items

316.617   316.543 3.3 0.0  

All items (1967 = 100)

914.688   914.477      

Food and beverages

305.216   306.734 3.2 0.5  

Food

308.216   309.783 3.3 0.5  

Food at home

312.062 308.730 312.761 2.3 0.2 1.3

Cereals and bakery products

407.787 403.826 423.192 3.4 3.8 4.8

Meats, poultry, fish, and eggs

351.756 342.368 351.056 6.0 -0.2 2.5

Dairy and related products

242.578 242.664 246.621 4.5 1.7 1.6

Fruits and vegetables

310.888 301.829 298.251 -3.4 -4.1 -1.2

Nonalcoholic beverages and beverage materials(1)

218.853 226.886 229.835 4.6 5.0 1.3

Other food at home

296.911 293.384 293.734 0.8 -1.1 0.1

Food away from home

294.378   297.154 4.9 0.9  

Alcoholic beverages

259.937   260.797 2.0 0.3  

Housing

339.800   340.331 4.3 0.2  

Shelter

422.024 421.150 423.488 4.8 0.3 0.6

Rent of primary residence

399.112 399.709 401.166 5.5 0.5 0.4

Owners' equivalent rent of residences(2)

436.741 436.677 437.266 4.8 0.1 0.1

Owners' equivalent rent of primary residence(2)

436.741 436.677 437.266 4.8 0.1 0.1

Fuels and utilities

278.431   279.508 6.6 0.4  

Household energy

227.563 226.662 228.676 6.6 0.5 0.9

Energy services

240.138 238.269 240.418 8.3 0.1 0.9

Electricity

245.014 242.074 243.890 9.2 -0.5 0.8

Utility (piped) gas service

209.996 211.089 213.961 5.8 1.9 1.4

Household furnishings and operations

143.663   141.253 -2.2 -1.7  

Apparel

111.690   110.617 6.9 -1.0  

Transportation

275.615   275.180 2.6 -0.2  

Private transportation

286.846   285.911 2.2 -0.3  

New and used motor vehicles(3)

133.495   133.382 -0.9 -0.1  

New vehicles(1)

238.162   238.195 -0.1 0.0  

Used cars and trucks(1)

339.144   342.105 -2.1 0.9  

Motor fuel

287.878 282.926 278.366 -9.6 -3.3 -1.6

Gasoline (all types)

284.235 279.338 274.844 -9.6 -3.3 -1.6

Gasoline, unleaded regular(4)

278.170 273.130 268.686 -9.8 -3.4 -1.6

Gasoline, unleaded midgrade(4)(5)

303.112 299.010 294.541 -8.6 -2.8 -1.5

Gasoline, unleaded premium(4)

302.876 299.009 294.462 -8.2 -2.8 -1.5

Medical care

599.738   596.289 0.9 -0.6  

Recreation(3)

138.866   137.140 -0.5 -1.2  

Education and communication(3)

140.493   141.115 3.4 0.4  

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

1,196.650   1,194.464 3.1 -0.2  

Other goods and services

702.213   693.098 0.9 -1.3  

Commodity and service group

Commodities

221.985   221.256 1.0 -0.3  

Commodities less food and beverages

177.693   175.759 -1.0 -1.1  

Nondurables less food and beverages

220.982   218.082 0.1 -1.3  

Durables

127.502   126.530 -2.5 -0.8  

Services

410.277   410.842 4.6 0.1  

Special aggregate indexes

All items less shelter

280.323   279.656 2.5 -0.2  

All items less medical care

304.539   304.606 3.5 0.0  

Commodities less food

181.011   179.178 -0.8 -1.0  

Nondurables

264.069   263.510 2.0 -0.2  

Nondurables less food

223.488   220.875 0.3 -1.2  

Services less rent of shelter(2)

405.297   404.779 4.3 -0.1  

Services less medical care services

395.283   396.058 4.9 0.2  

Energy

252.107 249.787 249.551 -0.3 -1.0 -0.1

All items less energy

326.125   326.236 3.5 0.0  

All items less food and energy

332.492   332.295 3.6 -0.1  

Footnotes
(1) Indexes on a December 1977=100 base
(2) Indexes on a December 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: Wednesday, January 15, 2025