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18-1178-PHI
Thursday, July 12, 2018

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Consumer Price Index, Philadelphia-Camden-Wilmington – June 2018

Area prices up 0.2 percent since April; 1.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Camden-Wilmington edged up 0.2 percent from April to June, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted that the recent advance was led by an increase in the energy index (2.0 percent). The all items less food and energy index also increased, up 0.1 percent, while the food index declined, edging down 0.2 percent. (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 1.9 percent. (See chart 1 and table A.) The over-the-year rise was led by increases in the energy index (12.0 percent) and the all items less food and energy index (1.1 percent). Prices for food also increased since June 2017, up 0.7 percent. (See table 1.)

Food

Following a 0.3-percent increase from February to April, the food index decreased 0.2 percent over the last two months. Prices were lower for both food at home (-0.3 percent) and food away from home (-0.1 percent) since April. Within the food at home component, prices were lower for various items including citrus fruits, while prices were higher for items including snacks and carbonated drinks.

Over the year, the food index increased 0.7 percent. Prices for food away from home rose 1.1 percent, and those for food at home increased 0.4 percent.

Energy

The energy index, which includes prices for household and transportation fuels, increased 2.0 percent since April. Higher prices for gasoline (3.8 percent) led the increase. Prices were also higher over the last two months for electricity and utility (piped) gas service, up 1.8 percent and 0.6 percent, respectively.

Over the year, the energy index rose 12.0 percent, due almost entirely to a 24.9-percent rise in gasoline prices. Prices were also higher for utility (piped) gas service (5.6 percent), while those for electricity declined 3.3 percent over the year.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent from April to June, led by higher prices for new and used motor vehicles (2.2 percent), shelter (0.4 percent), and education and communication (0.7 percent). Lower prices for apparel (-5.2 percent), among others, moderated the increase in the all items less food and energy index since April. 

Since June 2017, the index for all items less food and energy increased 1.1 percent. Prices were higher for a number of items including shelter (1.8 percent), new and used motor vehicles (3.2 percent), medical care (1.9 percent), and education and communication (1.6 percent).

Table A. Philadelphia CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2014 2015 2016 2017 2018
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

0.5 1.0 -0.2 -0.1 0.3 0.3 0.7 2.1 0.4 0.5

April

0.5 1.4 0.5 0.0 0.9 0.6 0.0 1.3 0.9 1.4

June

0.6 1.8 0.8 0.2 0.3 0.1 -0.3 0.7 0.2 1.9

August

0.0 1.3 -0.5 -0.3 -0.2 0.4 0.5 1.4

October

-0.1 1.6 -0.3 -0.5 0.6 1.3 0.0 0.8

December

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

The Consumer Price Index for August 2018 is scheduled to be released Thursday, September 13, 2018 at 8:30 am (ET).


Technical Note

The Consumer Price Index for Philadelphia-Camden-Wilmington 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 population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 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 75 urban areas across the country from about 5,000 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 (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-Camden-Wilmington, PA-NJ-DE-MD, Core Based Statistical Area includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Burlington, Camden, 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-Camden-Wilmington, PA-NJ-DE-MD, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
Historical
data
Apr.
2018
May
2018
Jun.
2018
Jun.
2017
Apr.
2018
May
2018

All items

251.850   252.386 1.9 0.2  

All items (1967 = 100)

727.581   729.129      

Food and beverages

233.325   232.867 0.5 -0.2  

Food

233.291   232.804 0.7 -0.2  

Food at home

237.926 238.483 237.299 0.4 -0.3 -0.5

Cereals and bakery products

299.387   300.000   0.2  

Meats, poultry, fish, and eggs

263.470   263.866   0.2  

Dairy and related products

195.646   196.813   0.6  

Fruits and vegetables

273.365   266.824   -2.4  

Nonalcoholic beverages and beverage materials(1)

155.636   160.480   3.1  

Other food at home

219.170   216.334   -1.3  

Food away from home

221.480   221.195 1.1 -0.1  

Alcoholic beverages

231.353   231.310 -1.7 0.0  

Housing

259.140   259.777 1.8 0.2  

Shelter

322.141 322.195 323.316 1.8 0.4 0.3

Rent of primary residence(2)

301.497 301.808 302.804 2.5 0.4 0.3

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

330.546 330.759 332.050 1.8 0.5 0.4

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

330.546 330.759 332.050 1.8 0.5 0.4

Fuels and utilities

206.598   207.838 2.4 0.6  

Household energy

171.442 171.443 172.026 2.2 0.3 0.3

Energy services(2)

177.739 180.086 180.112 -0.4 1.3 0.0

Electricity(2)

178.420 179.627 181.547 -3.3 1.8 1.1

Utility (piped) gas service(2)

165.512 169.453 166.583 5.6 0.6 -1.7

Household furnishings and operations

115.069   113.486 -0.1 -1.4  

Apparel

116.450   110.436 0.1 -5.2  

Transportation

214.780   218.416 5.6 1.7  

Private transportation

213.750   217.592 6.1 1.8  

New and used motor vehicles(4)

95.990   98.127   2.2  

New vehicles(1)

176.660   177.920   0.7  

Used cars and trucks(1)

257.007   256.560   -0.2  

Motor fuel

262.566 272.953 272.570 24.8 3.8 -0.1

Gasoline (all types)

259.110 269.373 268.999 24.9 3.8 -0.1

Gasoline, unleaded regular(5)

256.432 266.403 265.972 25.6 3.7 -0.2

Gasoline, unleaded midgrade(5)(6)

261.080 272.995 272.459 21.8 4.4 -0.2

Gasoline, unleaded premium(5)

257.509 268.868 268.983 20.9 4.5 0.0

Motor vehicle insurance(1)

752.183   733.043   -2.5  

Medical care

517.504   519.516 1.9 0.4  

Recreation(4)

119.380   119.553 -2.7 0.1  

Education and communication(4)

130.102   130.990 1.6 0.7  

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

1,028.033   1,031.999   0.4  

Other goods and services

547.626   535.731 1.2 -2.2  

Commodity and service group

Commodities

182.662   181.531 3.3 -0.6  

Commodities less food and beverages

152.986   151.701 4.8 -0.8  

Nondurables less food and beverages

201.023   197.765 7.7 -1.6  

Durables

101.944   102.402 0.5 0.4  

Services

322.656   324.644 1.2 0.6  

Special aggregate indexes

All items less shelter

228.944   229.244 1.9 0.1  

All items less medical care

240.676   241.147 1.9 0.2  

Commodities less food

155.928   154.659 4.6 -0.8  

Nondurables

219.798   217.663 4.2 -1.0  

Nondurables less food

202.998   199.874 7.1 -1.5  

Services less rent of shelter(3)

330.514   333.413 0.6 0.9  

Services less medical care services

308.158   310.095 1.2 0.6  

Energy

204.613 208.508 208.725 12.0 2.0 0.1

All items less energy

258.914   259.029 1.0 0.0  

All items less food and energy

265.848   266.052 1.1 0.1  

Footnotes
(1) Indexes on a December 1977=100 base
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Indexes on a December 1982=100 base.
(4) Indexes on a December 1997=100 base.
(5) Special index based on a substantially smaller sample.
(6) Indexes on a December 1993=100 base.

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

 

Last Modified Date: Thursday, July 12, 2018