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News Release Information

15-1987-CHI
Thursday, October 15, 2015

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

Consumer Price Index, Cleveland-Akron-Lorain — September 2015

Local prices down 0.4 percent over the year

The Cleveland-Akron, Ohio, Consumer Price Index for All Urban Consumers (CPI-U) decreased 1.4 percent from July to September, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that food prices rose 0.1 percent and energy costs declined 10.9 percent over the bi-monthly period. The index for all items less food and energy fell 0.7 percent. Within this last category, costs were lower for lodging away from home and prices were higher for apparel over the two-month period. (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 declined 0.4 percent. (See chart 1 and table A.) The energy index declined 20.0 percent from its September 2014 level due to decreases in gasoline prices and utility (piped) gas service costs over the year. The index for all items less food and energy rose 1.5 percent over the past 12 months. (See table 1.)

 

Food

Food prices edged up 0.1 percent from July to September following a similar 0.1-percent increase over the previous bi-monthly period. Between the food index’s two components, prices for both food at home (groceries) and food away from home (restaurant, cafeteria, and vending purchases) rose 0.1 percent and 0.2 percent, respectively, over the recent two-month period.

Over the year, food at home prices were up 0.9 percent while prices for food away from home rose 2.7 percent. Overall food costs rose 1.7 percent from a year ago.

Energy

The energy index decreased 10.9 percent from July to September following a 5.9-percent increase over the previous bi-monthly period. In the recent period, declining costs for gasoline (-13.2 percent), electricity (-10.6 percent), and utility (piped) gas service (-5.3 percent) all contributed to the fall in the energy index.

Over the year, the energy index fell 20.0 percent. An annual increase in the cost of electricity (3.1 percent) was more than offset by a drop in gasoline prices (-31.1 percent) and a decline in utility (piped) gas service costs (-21.7 percent).

All items less food and energy

The index for all items less food and energy fell 0.7 percent from July to September. Among the index’s components, lodging away from home prices declined, while increases were recorded in costs for apparel at 8.5 percent.

Over the year, the index for all items less food and energy rose 1.5 percent mostly due to a 2.2-percent annual increase in the cost of shelter and a 4.3-percent rise in medical care costs.

Table A. Cleveland CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month20112012201320142015
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

January

0.72.20.42.10.21.50.31.1-0.70.5

March

0.92.81.32.60.91.01.61.90.9-0.2

May

1.34.0-0.11.10.41.50.21.70.4-0.1

July

-0.23.80.01.40.72.20.51.40.90.4

September

0.63.71.01.8-0.40.7-0.51.3-1.4-0.4

November

-0.82.5-1.01.6-0.71.0-0.61.5  

The November 2015 Consumer Price Index for Cleveland is scheduled to be released on Tuesday, December 15, 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 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 6,000 housing units and approximately 24,000 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-
Jul.
2015
Aug.
2015
Sep.
2015
Sep.
2014
Jul.
2015
Aug.
2015

Expenditure category

 
 

All items

223.368-220.304-0.4-1.4-

All items (1967=100)

715.778-705.958---

Food and beverages

250.988-251.2241.60.1-

Food

256.230-256.5841.70.1-

Food at home

249.020249.722249.2840.90.1-0.2

Food away from home

270.389-270.8862.70.2-

Alcoholic beverages

192.321-191.1651.3-0.6-

Housing

208.166-202.8950.9-2.5-

Shelter

240.584238.488235.4142.2-2.1-1.3

Rent of primary residence (1)

233.816233.830234.2912.10.20.2

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

228.073228.556229.2242.00.50.3

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

228.073228.556229.2242.00.50.3

Fuels and utilities

201.660-187.969-4.0-6.8-

Household energy

168.347166.641153.503-7.0-8.8-7.9

Energy services (1)

167.070165.391152.233-6.8-8.9-8.0

Electricity (1)

190.363190.363170.1953.1-10.6-10.6

Utility (piped) gas service (1)

118.853115.172112.540-21.7-5.3-2.3

Household furnishings and operations

117.785-118.137-1.60.3-

Apparel

127.772-138.643-2.58.5-

Transportation

203.081-195.978-8.0-3.5-

Private transportation

204.626-197.238-8.3-3.6-

Motor fuel

270.587256.860234.863-31.1-13.2-8.6

Gasoline (all types)

267.605254.032232.268-31.1-13.2-8.6

Gasoline, unleaded regular (3)

256.968244.182220.825-32.4-14.1-9.6

Gasoline, unleaded midgrade (3) (4)

279.186262.919246.191-28.7-11.8-6.4

Gasoline, unleaded premium (3)

271.198258.828246.172-25.0-9.2-4.9

Medical care

414.823-408.0994.3-1.6-

Recreation (5)

117.438-117.7881.10.3-

Education and communication (5)

125.566-126.044-0.10.4-

Other goods and services

412.017-411.9802.80.0-
 

Commodity and service group

 
 

All items

223.368-220.304-0.4-1.4-

Commodities

191.955-189.836-3.5-1.1-

Commodities less food & beverages

161.620-158.617-6.5-1.9-

Nondurables less food & beverages

208.429-203.048-10.4-2.6-

Durables

111.288-110.309-0.8-0.9-

Services

255.456-251.4921.7-1.6-
 

Special aggregate indexes

 
 

All items less medical care

214.581-211.682-0.8-1.4-

All items less shelter

218.468-216.242-1.5-1.0-

Commodities less food

162.915-159.962-6.2-1.8-

Nondurables

230.447-227.721-4.4-1.2-

Nondurables less food

207.087-201.993-9.7-2.5-

Services less rent of shelter (2)

276.660-274.2041.3-0.9-

Services less medical care services

243.581-239.3911.4-1.7-

Energy

207.651201.544185.018-20.0-10.9-8.2

All items less energy

226.946-225.7531.5-0.5-

All items less food and energy

221.936-220.4921.5-0.7-

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.
 

 

Last Modified Date: Thursday, October 15, 2015