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News Release Information

14-1562-CHI
Tuesday, August 19, 2014

Contacts

Technical information:
Media contact:
  • (312) 353-1138

Consumer Price Index, Cincinnati-Hamilton – First Half 2014

The Consumer Price Index for All Urban Consumers (CPI-U) in the Cincinnati-Hamilton area rose 2.2 percent from the first half of 2013 to the first half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer stated that the energy index was 1.6 percent higher compared to its first half 2013 level, primarily due to increases in costs for electricity and utility (piped) gas service. Food prices were up 2.2 percent compared to their first half 2013 averages while the index for all items less food and energy increased 2.3 percent over the year. Among the categories within the all items less food and energy index, prices for shelter, medical care, and other goods and services were higher compared to their first half 2013 levels.

Food

Food prices rose 2.2 percent over the year after increasing 0.8 percent from the first half of 2012 to the first half of 2013. Within the food category, the index for food at home (groceries) was 1.7 percent higher while prices for food away from (restaurant, cafeteria, and vending purchases) increased 3.0 percent.

Energy

The energy index increased 1.6 percent from the first half of 2013 to the first half of 2014 after rising 2.0 percent over the prior annual period. Within the energy category, the indexes for electricity and utility (piped) gas service rose 4.1 percent and 5.3 percent, respectively, over the year. The index for gasoline was down 0.5 percent compared to its first half 2013 level.

All items less food and energy

The all items less food and energy index increased 2.3 percent over the year. Among the index’s components, higher costs were recorded for shelter (1.8 percent), medical care (4.1 percent), and other goods and services (4.3 percent).

The second half 2014 Consumer Price Index for Cincinnati-Hamilton is scheduled to be released February 2015.


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 Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 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 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/homch17.htm.

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 Cincinnati-Hamilton, Ohio-Ky.-Ind. consolidated area covered in this release is comprised of Dearborn and Ohio Counties in Indiana; Boone, Campbell, Gallatin, Grant, Kenton, and Pendleton Counties in Kentucky; and Brown, Butler, Clermont, Hamilton and Warren Counties in Ohio.

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 for annual averages and percent changes for selected periods

Cincinnati-Hamilton, OH-KY-IN (1982-84=100 unless otherwise noted)
Item and Group
 
Annual average indexes
 
Percent change
2012 to 2013
20122013

Expenditure category

 
 

All items

216.316220.0291.7

All items (1967=100)

669.331680.821-

Food and beverages

211.090212.8890.9

Food

207.969209.8590.9

Food at home

206.565207.5860.5

Food away from home

213.167217.4572.0

Alcoholic beverages

236.112236.3650.1

Housing

195.388200.7582.7

Shelter

222.561229.0062.9

Rent of primary residence (1)

222.532229.4873.1

Owners' equiv. rent of residences (1) (2)

224.470230.5812.7

Owners' equiv. rent of primary residence (1) (2)

224.470230.5812.7

Fuels and utilities

206.074216.3865.0

Household energy

170.770179.5685.2

Energy services (1)

174.608184.1515.5

Electricity (1)

174.161184.2915.8

Utility (piped) gas service (1)

167.804175.4934.6

Household furnishings and operations

115.768113.966-1.6

Apparel

146.886141.160-3.9

Transportation

209.800210.5740.4

Private transportation

208.623207.883-0.4

Motor fuel

324.398319.025-1.7

Gasoline (all types)

323.546318.030-1.7

Gasoline, unleaded regular (3)

334.674328.721-1.8

Gasoline, unleaded midgrade (3) (4)

312.155307.413-1.5

Gasoline, unleaded premium (3)

275.303271.272-1.5

Medical care

434.024441.5081.7

Recreation (5)

120.825122.4881.4

Education and communication (5)

131.194135.8603.6

Other goods and services

441.716455.0613.0
 

Commodity and service group

 
 

All items

216.316220.0291.7

Commodities

180.139179.330-0.4

Commodities less food & beverages

162.722160.712-1.2

Nondurables less food & beverages

210.394207.042-1.6

Durables

117.736117.105-0.5

Services

255.702263.9733.2
 

Special aggregate indexes

 
 

All items less medical care

206.294209.8321.7

All items less shelter

215.867218.4611.2

Commodities less food

165.984164.024-1.2

Nondurables

212.692211.790-0.4

Nondurables less food

213.767210.581-1.5

Services less rent of shelter (2)

301.159311.5583.5

Services less medical care services

239.609247.7803.4

Energy

239.476242.0131.1

All items less energy

216.365220.4271.9

All items less food and energy

219.215223.7382.1

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) Index is on a November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
 

Table 2. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods

Cincinnati-Hamilton, OH-KY-IN (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
1st half 2014 from-
1st half
2013
2nd half
2013
1st half
2014
1st half
2013
2nd half
2013

Expenditure category

 
 

All items

218.797221.262223.6802.21.1

All items (1967=100)

677.008684.634692.115--

Food and beverages

211.953213.825216.6702.21.3

Food

208.843210.875213.5392.21.3

Food at home

206.771208.402210.1951.70.9

Food away from home

215.764219.151222.2063.01.4

Alcoholic beverages

236.721236.009241.2191.92.2

Housing

198.632202.884202.9052.20.0

Shelter

227.208230.803231.2201.80.2

Rent of primary residence (1)

226.652232.322233.9103.20.7

Owners' equiv. rent of residences (1) (2)

228.890232.272232.8061.70.2

Owners' equiv. rent of primary residence (1) (2)

228.890232.272232.8061.70.2

Fuels and utilities

211.789220.982220.6514.2-0.1

Household energy

175.728183.408183.6914.50.2

Energy services (1)

180.018188.284187.6864.3-0.3

Electricity (1)

178.329190.252185.6724.1-2.4

Utility (piped) gas service (1)

175.978175.009185.3165.35.9

Household furnishings and operations

112.965114.968115.5922.30.5

Apparel

141.107141.214139.750-1.0-1.0

Transportation

210.972210.176215.5482.22.6

Private transportation

208.345207.420212.1761.82.3

Motor fuel

327.893310.158327.023-0.35.4

Gasoline (all types)

327.064308.996325.409-0.55.3

Gasoline, unleaded regular (3)

338.219319.224336.125-0.65.3

Gasoline, unleaded midgrade (3) (4)

315.856298.971314.508-0.45.2

Gasoline, unleaded premium (3)

278.457264.086278.7920.15.6

Medical care

438.311444.705456.4124.12.6

Recreation (5)

122.596122.379125.3302.22.4

Education and communication (5)

135.498136.223135.7020.2-0.4

Other goods and services

450.615459.508470.0004.32.3
 

Commodity and service group

 
 

All items

218.797221.262223.6802.21.1

Commodities

179.213179.447182.3611.81.6

Commodities less food & beverages

160.978160.446163.2071.41.7

Nondurables less food & beverages

208.415205.670211.1841.32.7

Durables

116.177118.033118.7672.20.6

Services

261.611266.334268.3062.60.7
 

Special aggregate indexes

 
 

All items less medical care

208.688210.976212.9722.10.9

All items less shelter

217.544219.377222.8442.41.6

Commodities less food

164.295163.753166.6081.41.7

Nondurables

212.064211.517215.8141.82.0

Nondurables less food

211.910209.251214.8001.42.7

Services less rent of shelter (2)

308.910314.206319.0653.31.5

Services less medical care services

245.422250.138251.8752.60.7

Energy

243.801240.225247.6031.63.1

All items less energy

218.984221.870224.0932.31.0

All items less food and energy

222.202225.275227.4042.30.9

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) Index is on a November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
 

 

Last Modified Date: Tuesday, August 19, 2014