The Cleveland-Akron, Ohio, Consumer Price Index for All Urban Consumers (CPI-U) declined 0.7 percent from November to January, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that food prices rose 1.5 percent and energy costs fell 13.3 percent over the bi-monthly period. The index for all items less food and energy rose 0.3 percent. Within this last category, costs were higher for shelter over the two-month period while apparel prices declined. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the past 12 months the Cleveland area all items CPI-U rose 0.5 percent. (See chart 1 and table A.) The energy index declined 18.6 percent from its January 2014 level due to a decrease in gasoline prices over the year. The index for all items less food and energy rose 2.2 percent over the past 12 months. (See table 1.)

Food

Food prices rose 1.5 percent from November to January following a small 0.1-percent decline over the previous bi-monthly period. Between the food index’s two components, prices for food at home (groceries) and food away from home (restaurant, cafeteria, and vending purchases) rose 2.3 percent and 0.2 percent, respectively, from November to January. Over the year, food at home prices were up 3.8 percent while prices for food away from home rose 3.3 percent. Overall food costs rose 3.6 percent from a year ago.

Energy

The energy index fell 13.3 percent from November to January following a 7.3-percent decline over the previous bi-monthly period. In the recent period, declines in costs for gasoline (-30.0 percent), offset the increases in electricity (4.9 percent) and utility (piped) gas service (1.9 percent) costs.

Over the year, the energy index declined 18.6 percent. Annual increases in costs for electricity (5.3 percent), and utility (piped) gas service (4.5 percent), were more than offset by a 38.6 percent drop in gasoline prices.

All items less food and energy

The index for all items less food and energy rose 0.3 percent from November to January. Among the index’s components, increases were recorded in costs for shelter (1.6 percent). Prices were lower for apparel (-7.1 percent) over the bi-monthly period.

Over the year, the index for all items less food and energy rose 2.2 percent mostly due to a 3.8-percent annual increase in the cost of shelter. Also contributing, but to a lesser extent, were annual gains in costs for medical care (2.3 percent).

Table A. Cleveland CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted

Month	2011		2012		2013		2014		2015
	2-month	12-month	2-month	12-month	2-month	12-month	2-month	12-month	2-month	12-month
January	0.7	2.2	0.4	2.1	0.2	1.5	0.3	1.1	-0.7	0.5
March	0.9	2.8	1.3	2.6	0.9	1.0	1.6	1.9
May	1.3	4.0	-0.1	1.1	0.4	1.5	0.2	1.7
July	-0.2	3.8	0.0	1.4	0.7	2.2	0.5	1.4
September	0.6	3.7	1.0	1.8	-0.4	0.7	-0.5	1.3
November	-0.8	2.5	-1.0	1.6	-0.7	1.0	-0.6	1.5

The March 2015 Consumer Price Index for Cleveland is scheduled to be released on Friday, April 17, 2015, at 8:30 a.m. (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 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/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 Cleveland-Akron, Ohio consolidated area covered in this release is comprised of Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Medina, Portage, and Summit 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 and percent changes for selected periods

Cleveland-Akron, OH (1982-84=100 unless otherwise noted)

Item and Group	Indexes			Percent change from-
	Nov. 2014	Dec. 2014	Jan. 2015	Jan. 2014	Nov. 2014	Dec. 2014
Expenditure category
All items	219.992	-	218.536	0.5	-0.7	-
All items (1967=100)	704.959	-	700.291	-	-	-
Food and beverages	247.067	-	250.539	3.4	1.4	-
Food	252.222	-	255.913	3.6	1.5	-
Food at home	244.567	248.066	250.310	3.8	2.3	0.9
Food away from home	267.019	-	267.595	3.3	0.2	-
Alcoholic beverages	189.372	-	190.309	0.9	0.5	-
Housing	200.750	-	204.096	3.5	1.7	-
Shelter	230.675	230.686	234.256	3.8	1.6	1.5
Rent of primary residence (1)	229.767	229.903	230.143	0.9	0.2	0.1
Owners' equiv. rent of residences (1) (2)	226.806	227.177	227.434	2.3	0.3	0.1
Owners' equiv. rent of primary residence (1) (2)	226.806	227.177	227.434	2.3	0.3	0.1
Fuels and utilities	195.305	-	203.339	5.9	4.1	-
Household energy	164.661	165.049	170.338	4.7	3.4	3.2
Energy services (1)	162.773	163.244	168.764	5.0	3.7	3.4
Electricity (1)	162.442	164.346	170.446	5.3	4.9	3.7
Utility (piped) gas service (1)	145.732	144.288	148.462	4.5	1.9	2.9
Household furnishings and operations	117.888	-	117.079	-1.1	-0.7	-
Apparel	140.445	-	130.490	2.0	-7.1	-
Transportation	205.579	-	189.583	-10.3	-7.8	-
Private transportation	205.866	-	190.562	-10.5	-7.4	-
Motor fuel	295.352	260.397	206.866	-38.6	-30.0	-20.6
Gasoline (all types)	292.049	257.462	204.508	-38.6	-30.0	-20.6
Gasoline, unleaded regular (3)	281.936	247.975	195.233	-39.7	-30.8	-21.3
Gasoline, unleaded midgrade (3) (4)	301.820	267.792	215.894	-36.4	-28.5	-19.4
Gasoline, unleaded premium (3)	289.417	256.691	211.957	-34.1	-26.8	-17.4
Medical care	401.027	-	402.818	2.3	0.4	-
Recreation (5)	116.274	-	116.899	1.1	0.5	-
Education and communication (5)	125.742	-	124.829	0.3	-0.7	-
Other goods and services	402.843	-	408.323	1.7	1.4	-
Commodity and service group
All items	219.992	-	218.536	0.5	-0.7	-
Commodities	193.184	-	187.007	-2.9	-3.2	-
Commodities less food & beverages	164.896	-	155.013	-6.6	-6.0	-
Nondurables less food & beverages	218.166	-	196.538	-10.4	-9.9	-
Durables	109.562	-	109.173	-1.2	-0.4	-
Services	247.903	-	250.640	2.9	1.1	-
Special aggregate indexes
All items less medical care	211.662	-	210.069	0.4	-0.8	-
All items less shelter	217.756	-	214.204	-0.9	-1.6	-
Commodities less food	166.007	-	156.435	-6.3	-5.8	-
Nondurables	233.704	-	223.956	-3.5	-4.2	-
Nondurables less food	215.972	-	195.866	-9.7	-9.3	-
Services less rent of shelter (2)	272.044	-	273.736	1.9	0.6	-
Services less medical care services	236.811	-	239.597	3.2	1.2	-
Energy	214.291	201.802	185.717	-18.6	-13.3	-8.0
All items less energy	222.566	-	223.729	2.4	0.5	-
All items less food and energy	217.500	-	218.248	2.2	0.3	-
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 December 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. Note: Index applies to a month as a whole, not to any specific date.