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News Release Information

15-292-CHI
Thursday, February 26, 2015

Contacts

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

Consumer Price Index, Cincinnati-Hamilton – Second Half 2014

Local prices up 1.5 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Cincinnati-Hamilton area advanced 1.5 percent from the second half of 2013 to the second half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the all items less food and energy index was 1.9 percent higher compared to its second half 2013 level as price increases were noted for several categories, most notably shelter. Food prices rose 2.4 percent over the year while the index for energy decreased 3.1 percent. (See chart 1.)

Food

Food prices rose 2.4 percent over the year. Within the food category, the index for food at home (groceries) was 2.4 percent higher while prices for food away from home (restaurant, cafeteria, and vending purchases) were up 1.9 percent.

Energy

The energy index fell 3.1 percent from the second half of 2013 to the second half of 2014. Within the energy category, the indexes for electricity and utility (piped) gas service rose 2.0 percent and 7.5 percent, respectively, over the year. The index for gasoline was down 8.5 percent compared to its second half 2013 level.

All items less food and energy

The all items less food and energy index increased 1.9 percent over the year. Among the index’s components, higher costs were recorded for shelter (2.0 percent), medical care (3.4 percent), and recreation (3.2 percent).

The first half 2015 Consumer Price Index for Cincinnati-Hamilton is scheduled to be released Wednesday, August 19, 2015, 8:30am ET.


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 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/homch17_a.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 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
2nd half 2014 from-
2nd half
2013
1st half
2014
2nd half
2014
2nd half
2013
1st half
2014

Expenditure category

 
 

All items

221.262223.680224.5191.50.4

All items (1967=100)

684.634692.115694.713--

Food and beverages

213.825216.670219.3402.61.2

Food

210.875213.539215.9952.41.2

Food at home

208.402210.195213.4342.41.5

Food away from home

219.151222.206223.4001.90.5

Alcoholic beverages

236.009241.219246.7804.62.3

Housing

202.884202.905206.0921.61.6

Shelter

230.803231.220235.3102.01.8

Rent of primary residence (1)

232.322233.910237.8572.41.7

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

232.272232.806235.8371.51.3

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

232.272232.806235.8371.51.3

Fuels and utilities

220.982220.651228.5003.43.6

Household energy

183.408183.691189.6553.43.2

Energy services (1)

188.284187.686194.7093.43.7

Electricity (1)

190.252185.672194.0882.04.5

Utility (piped) gas service (1)

175.009185.316188.0957.51.5

Household furnishings and operations

114.968115.592112.019-2.6-3.1

Apparel

141.214139.750138.876-1.7-0.6

Transportation

210.176215.548209.692-0.2-2.7

Private transportation

207.420212.176206.193-0.6-2.8

Motor fuel

310.158327.023284.312-8.3-13.1

Gasoline (all types)

308.996325.409282.826-8.5-13.1

Gasoline, unleaded regular (3)

319.224336.125290.872-8.9-13.5

Gasoline, unleaded midgrade (3) (4)

298.971314.508275.255-7.9-12.5

Gasoline, unleaded premium (3)

264.086278.792246.999-6.5-11.4

Medical care

444.705456.412459.7843.40.7

Recreation (5)

122.379125.330126.3503.20.8

Education and communication (5)

136.223135.702135.904-0.20.1

Other goods and services

459.508470.000470.2222.30.0
 

Commodity and service group

 
 

All items

221.262223.680224.5191.50.4

Commodities

179.447182.361179.315-0.1-1.7

Commodities less food & beverages

160.446163.207157.909-1.6-3.2

Nondurables less food & beverages

205.670211.184201.480-2.0-4.6

Durables

118.033118.767117.150-0.7-1.4

Services

266.334268.306272.9482.51.7
 

Special aggregate indexes

 
 

All items less medical care

210.976212.972213.6941.30.3

All items less shelter

219.377222.844222.3891.4-0.2

Commodities less food

163.753166.608161.543-1.3-3.0

Nondurables

211.517215.814211.9610.2-1.8

Nondurables less food

209.251214.800205.847-1.6-4.2

Services less rent of shelter (2)

314.206319.065324.5843.31.7

Services less medical care services

250.138251.875256.5802.61.9

Energy

240.225247.603232.658-3.1-6.0

All items less energy

221.870224.093226.1941.90.9

All items less food and energy

225.275227.404229.4551.90.9

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: Thursday, February 26, 2015