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Friday, July 14, 2017

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Consumer Price Index, Cincinnati-Hamilton — First Half 2017

Local prices up 2.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Cincinnati-Hamilton area rose 2.0 percent from the first half of 2016 to the first half of 2017, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that the all items less food and energy index was 1.4 percent higher compared to its first half 2016 level as price increases were noted for several categories: shelter, medical care, and apparel. Food prices increased 0.9 percent over the year and the index for energy rose 11.2 percent. (See chart 1.)

Food

Food prices increased 0.9 percent from their first half 2016 levels. Within the food category, prices for food away from home (restaurant, cafeteria, and vending purchases) were up 2.4 percent while the index for food at home (groceries) was 0.2 percent lower.

Energy

The energy index rose 11.2 percent from the first half of 2016 to the first half of 2017. Within the energy category, the indexes for electricity and gasoline advanced 12.9 percent and 10.9 percent, respectively, over the year. The index for utility (piped) gas service rose 6.3 percent compared to its first half 2016 level.

All items less food and energy

The all items less food and energy index increased 1.4 percent over the year. Among the index’s components, higher costs were recorded for shelter (2.1 percent), medical care (2.5 percent), and apparel (5.8 percent).

The second half 2017 Consumer Price Index for Cincinnati-Hamilton is scheduled to be released in January 2018.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, the index for this area will be discontinued.  Additional information on the geographic revision is available at: www.bls.gov/cpi/georevision2018.htm.


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/pdf/homch17.pdf.

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
1st half 2017 from-
1st half
2016
2nd half
2016
1st half
2017
1st half
2016
2nd half
2016

Expenditure category

 
 

All items

224.871 227.927 229.335 2.0 0.6

All items (1967=100)

695.799 705.255 709.613 - -

Food and beverages

220.140 219.781 222.185 0.9 1.1

Food

216.751 216.196 218.607 0.9 1.1

Food at home

209.126 206.539 208.620 -0.2 1.0

Food away from home

231.605 234.263 237.227 2.4 1.3

Alcoholic beverages

247.588 249.569 251.743 1.7 0.9

Housing

209.499 212.323 214.645 2.5 1.1

Shelter

239.862 243.841 244.930 2.1 0.4

Rent of primary residence(1)

244.768 249.311 253.270 3.5 1.6

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

240.588 245.297 245.519 2.0 0.1

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

240.588 245.297 245.519 2.0 0.1

Fuels and utilities

225.311 231.635 246.023 9.2 6.2

Household energy

186.475 192.717 207.745 11.4 7.8

Energy services(1)

192.795 199.184 215.235 11.6 8.1

Electricity(1)

199.454 205.313 225.254 12.9 9.7

Utility (piped) gas service(1)

164.191 172.189 174.500 6.3 1.3

Household furnishings and operations

117.333 115.082 115.173 -1.8 0.1

Apparel

144.038 151.042 152.430 5.8 0.9

Transportation

197.109 198.321 199.292 1.1 0.5

Private transportation

193.666 195.197 196.112 1.3 0.5

Motor fuel

199.362 215.459 221.277 11.0 2.7

Gasoline (all types)

198.855 214.872 220.619 10.9 2.7

Gasoline, unleaded regular(3)

202.113 218.077 224.035 10.8 2.7

Gasoline, unleaded midgrade(3)(4)

201.443 219.556 224.537 11.5 2.3

Gasoline, unleaded premium(3)

192.189 210.113 214.841 11.8 2.3

Medical care

491.865 508.081 504.187 2.5 -0.8

Recreation(5)

128.820 132.442 132.641 3.0 0.2

Education and communication(5)

128.352 129.374 128.533 0.1 -0.7

Other goods and services

492.706 498.211 501.138 1.7 0.6
 

Commodity and service group

 
 

All items

224.871 227.927 229.335 2.0 0.6

Commodities

175.107 176.784 176.992 1.1 0.1

Commodities less food & beverages

151.830 154.320 153.602 1.2 -0.5

Nondurables less food & beverages

185.716 194.868 195.779 5.4 0.5

Durables

119.028 116.238 114.286 -4.0 -1.7

Services

277.669 282.204 284.904 2.6 1.0
 

Special aggregate indexes

 
 

All items less medical care

212.581 215.034 216.685 1.9 0.8

All items less shelter

221.073 223.792 225.341 1.9 0.7

Commodities less food

155.549 158.032 157.404 1.2 -0.4

Nondurables

203.887 208.471 210.116 3.1 0.8

Nondurables less food

190.707 199.400 200.402 5.1 0.5

Services less rent of shelter(2)

329.545 334.462 339.296 3.0 1.4

Services less medical care services

260.135 264.203 267.182 2.7 1.1

Energy

194.644 205.585 216.459 11.2 5.3

All items less energy

230.987 233.397 233.996 1.3 0.3

All items less food and energy

235.036 238.029 238.283 1.4 0.1

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.
Note: Data not seasonally adjusted.
 

 

Last Modified Date: Friday, July 14, 2017