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News Release Information

14-1539-KAN
Tuesday, August 19, 2014

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Technical information:
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Consumer Price Index, Denver-Boulder-Greeley – First Half 2014

Prices increased 2.9 percent from the first half of 2013 to the first half of 2014

The Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley, Colo., metropolitan area increased 2.9 percent from the first half of 2013 to the first half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that higher costs for shelter (5.0 percent) were largely responsible for the overall increase. Costs for energy were up 3.9 percent, food prices rose 2.0 percent, and the all items less food and energy index advanced 3.0 percent.

Food

Food prices rose 2.0 percent from the first half of 2013 to the first half of 2014, compared to a 1.0-percent gain in the same period one year ago. The index for food at home increased 2.2 percent and costs for food away from home were 1.3 percent higher over the year. Comparatively, from the first half of 2012 to the first half of 2013, prices for food at home were little changed (-0.1 percent) and costs for food away from home rose 2.0 percent.

Energy

The energy index, which includes motor fuel and household fuels, increased 3.9 percent from the first half of 2013 to the first half of 2014. Costs for utility (piped) gas service led the advance with an increase of 18.1 percent, with most of the gain occurring in the first part of the period. Higher prices for electricity, up 3.7 percent, also contributed to the increase. In contrast, motor fuel costs were down 0.6 percent from the first half of 2013 to the first half of 2014, with all of the decline occurring in the first half of the period.

All items less food and energy

The index for all items less food and energy rose 3.0 percent from the first half of 2013 to the first half of 2014. Shelter costs had the greatest upward impact with an increase of 5.0 percent. In contrast, the index for apparel (-6.0 percent) was among the expenditure categories registering lower prices over the year.

Due to insufficient data, the medical care component is not available for the first half of 2014.

The Denver CPI-U stood at 235.736 for the first half of 2014. This means that a market basket of goods and services that cost $100.00 during the 1982-84 base period cost $235.74 during the first half of 2014. Because metropolitan area CPI data are not adjusted for seasonal price variation, consumers and businesses should be cautious in drawing conclusions about long-term retail price trends from short-term changes in the area indexes.

CPI-W

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the Denver-Boulder-Greeley, Colo., metropolitan area for the first half of 2014 was 226.254. The CPI-W increased 3.0 percent from the first half of 2013 to the first half of 2014.


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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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 areas; they only measure the average change in prices for each area since the base period.

The Denver-Boulder-Greeley, Colo., Metropolitan Statistical Area includes Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson, and Weld Counties in Colorado.

Information in this release will be made available to sensory impaired individuals upon requestVoice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339

 

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods

Denver-Boulder-Greeley, CO (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
1st half 2014 from-
1st half
2013
2nd half
2013
1st half
2014
1st half
2013
2nd half
2013

Expenditure category

 
 

All Items

229.142232.439235.7362.91.4

All items (1967=100)

764.094775.087786.082  

Food and beverages

216.738216.455220.8291.92.0

Food

219.823219.356224.1142.02.2

Food at home

218.377217.845223.0942.22.4

Food away from home

220.939221.361223.7851.31.1

Alcoholic beverages

191.970194.005194.7461.40.4

Housing

207.253213.466217.6085.01.9

Shelter

231.768238.079243.3245.02.2

Rent of primary residence (1)

232.933242.387248.5296.72.5

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

225.280230.636235.0634.31.9

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

225.280230.636235.0634.31.9

Fuels and utilities

206.493220.722226.2159.62.5

Household energy

155.164168.007172.39611.12.6

Energy services (1)

153.678166.512170.66211.12.5

Electricity (1)

162.521166.210168.6033.71.4

Utility (piped) gas service (1)

148.913172.447175.90418.12.0

Household furnishings and operations

118.477119.128118.4790.0-0.5

Apparel

110.190108.297103.545-6.0-4.4

Transportation

262.304263.350268.3422.31.9

Private transportation

259.886262.446265.9612.31.3

Motor fuel

284.491277.422282.665-0.61.9

Gasoline (all types)

282.471275.403280.378-0.71.8

Gasoline, unleaded regular (3)

279.383271.824276.526-1.01.7

Gasoline, unleaded midgrade (3) (4)

265.689260.108264.464-0.51.7

Gasoline, unleaded premium (3)

282.079276.691283.2020.42.4

Medical Care

487.877497.149   

Recreation (5)

146.821146.665147.0960.20.3

Education and communication (5)

122.498123.221123.9861.20.6

Other goods and services

351.975352.556350.399-0.4-0.6
 

Commodity and Service Group

 
 

All Items

229.142232.439235.7362.91.4

Commodities

175.277174.924175.7790.30.5

Commodities less food & beverages

153.428153.049152.114-0.9-0.6

Nondurables less food & beverages

190.618189.611188.627-1.0-0.5

Durables

115.684115.978115.440-0.2-0.5

Services

275.516282.210287.8094.52.0
 

Special aggregate indexes:

 
 

All items less medical care

217.079220.120223.2532.81.4

All items less shelter

229.080230.789233.1581.81.0

Commodities less food

154.916154.624153.735-0.8-0.6

Nondurables

204.320203.664205.3510.50.8

Nondurables less food

190.125189.326188.393-0.9-0.5

Services less rent of shelter (2)

340.142347.270353.4773.91.8

Services less medical care services

257.799264.247269.6934.62.1

Energy

213.201216.577221.5073.92.3

All items less energy

231.727234.813238.1362.81.4

All items less food and energy

234.383238.204241.3063.01.3

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 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.
 

Table 2. Consumer Price Index for Wage Earners and Clerical Workers (CPI-W): Indexes for semiannual averages and percent changes for selected periods

Denver-Boulder-Greeley, CO (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
1st half 2014 from-
1st half
2013
2nd half
2013
1st half
2014
1st half
2013
2nd half
2013

Expenditure category

 
 

All Items

219.558223.133226.2543.01.4

All items (1967=100)

730.804742.707753.093  

Food and beverages

218.750218.240222.8221.92.1

Food

222.046221.290226.2401.92.2

Food at home

219.798218.682224.1332.02.5

Food away from home

224.821225.252227.7641.31.1

Alcoholic beverages

197.005198.860199.6511.30.4

Housing

200.502206.962210.9905.21.9

Shelter

220.838227.199232.1165.12.2

Rent of primary residence (1)

232.933242.387248.5296.72.5

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

210.309215.310219.4424.31.9

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

210.309215.310219.4424.31.9

Fuels and utilities

202.003215.597220.6719.22.4

Household energy

154.599166.963171.09710.72.5

Energy services (1)

154.558166.987170.90610.62.3

Electricity (1)

162.521166.209168.6023.71.4

Utility (piped) gas service (1)

148.914172.448175.90518.12.0

Household furnishings and operations

122.045123.705123.3271.1-0.3

Apparel

108.017107.237102.510-5.1-4.4

Transportation

258.597260.314264.6712.31.7

Private transportation

256.091258.314261.8552.31.4

Motor fuel

284.619277.538282.584-0.71.8

Gasoline (all types)

282.468275.399280.374-0.71.8

Gasoline, unleaded regular (3)

279.388271.829276.531-1.01.7

Gasoline, unleaded midgrade (3) (4)

265.689260.108264.464-0.51.7

Gasoline, unleaded premium (3)

282.118276.729283.2410.42.4

Medical Care

490.440499.289   

Recreation (5)

127.885127.833127.9780.10.1

Education and communication (5)

118.230118.818119.5261.10.6

Other goods and services

353.197353.417351.605-0.5-0.5
 

Commodity and Service Group

 
 

All Items

219.558223.133226.2543.01.4

Commodities

180.243179.941180.2990.00.2

Commodities less food & beverages

156.866156.642155.627-0.8-0.6

Nondurables less food & beverages

202.775201.763200.312-1.2-0.7

Durables

110.854111.324110.9080.0-0.4

Services

261.061268.099273.6694.82.1
 

Special aggregate indexes:

 
 

All items less medical care

209.106212.494215.4733.01.4

All items less shelter

222.300224.379226.6241.91.0

Commodities less food

158.081157.918156.930-0.7-0.6

Nondurables

215.155214.337215.0730.00.3

Nondurables less food

201.708200.871199.457-1.1-0.7

Services less rent of shelter (2)

304.907312.471318.8464.62.0

Services less medical care services

244.268251.025256.3755.02.1

Energy

222.232224.381228.4622.81.8

All items less energy

219.994223.458226.8243.11.5

All items less food and energy

220.399224.444227.5023.21.4

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 1984=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.
 

 

Last Modified Date: Tuesday, August 19, 2014