Tuesday, March 24, 2015
The Consumer Price Index for All Urban Consumers (CPI-U) in the Detroit-Ann Arbor-Flint area declined 0.7 percent from December to February, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the energy index decreased 9.1 percent while the food index fell 0.2 percent over the bi-monthly period. The index for all items less food and energy rose 0.2 percent from December to February. Among the indexes within the all items less food and energy category, prices were higher for recreation, apparel, and new and used motor vehicles. (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 Detroit all items CPI-U fell 1.8 percent. (See chart 1 and table A.) The energy index fell 20.1 percent over the year due to annual declines in gasoline prices. The index for all items less food and energy was little changed at -0.1 percent over the year. (See table 1.)Food
Food prices declined 0.2 percent from December to February following a 0.8 percent increase over the previous bi-monthly period. Between the two components of the food index, prices for food at home (groceries) increased 0.2 percent while prices for food away from home (restaurant, cafeteria, and vending purchases) fell 0.9 percent.
Grocery prices were up 2.3 percent from February a year ago, while prices for food away from home were 2.9 percent higher. From February 2014 to February 2015, overall food prices rose 2.5 percent in the Detroit area.Energy
The energy index for Detroit fell 9.1 percent from December to February. Declines were recorded in the indexes for gasoline (-14.7 percent), electricity (-4.2 percent), and utility (piped) gas service (-4.2 percent) from December to February.
From February 2014 to February 2015, overall energy prices decreased 20.1 percent. Prices for gasoline and electricity fell 35.1 percent and 3.7 percent, respectively, over the year. In contrast, costs for utility (piped) gas service were up 1.5 percent compared to last February.All items less food and energy
The index for all items less food and energy increased 0.2 percent from December to February. Among the index’s components, prices were higher for recreation (2.3 percent), apparel (4.0 percent) and new and used motor vehicles.
Over the year, the index for all items less food and energy edged down 0.1 percent. Annual decreases in costs for medical care (-5.4 percent) and apparel (-8.4 percent) were the major contributing factors. In contrast, the indexes for shelter (1.0 percent) and new and used motor vehicles rose over the year.
The April 2015 Consumer Price Index for Detroit is scheduled to be released on Friday, May 22, 2015, at 8:30 a.m. (ET).
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 Detroit-Ann Arbor-Flint, Mich. consolidated area covered in this release is comprised of Genesee, Lapeer, Lenawee, Livingston, Macomb, Monroe, Oakland, St. Clair, Washtenaw, and Wayne Counties in Michigan.
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.
|Item and Group||Indexes||Percent change from-|
All items (1967=100)
Food and beverages
Food at home
Food away from home
Rent of primary residence (1)
Fuels and utilities
Energy services (1)
Utility (piped) gas service (1)
Household furnishings and operations
Gasoline (all types)
Gasoline, unleaded regular (3)
Gasoline, unleaded premium (3)
Education and communication (5)
Other goods and services
Commodity and service group
Commodities less food & beverages
Nondurables less food & beverages
Special aggregate indexes
All items less medical care
All items less shelter
Commodities less food
Nondurables less food
Services less rent of shelter (2)
Services less medical care services
All items less energy
All items less food and energy
- Data not available.
Last Modified Date: Tuesday, March 24, 2015