Tuesday, August 13, 2019
The Consumer Price Index for All Urban Consumers (CPI-U) for the Denver area rose 0.4 percent over the two months ended in July 2019, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Stanley W. Suchman noted that the increase was led by higher prices for shelter. Overall, the all items less food and energy index advanced 0.6 percent. Food prices were virtually unchanged, up a slight 0.1 percent, and energy costs were down 2.9 percent. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)
Over the last 12 months, the CPI-U advanced 2.1 percent led by higher prices for shelter (3.8 percent). The index for all items less food and energy was up 2.8 percent over the year. Prices for food rose 1.1 percent, but energy prices were down 5.6 percent. (See table 1.)
Food prices crept up 0.1 percent during the June-July period reflecting a 0.3-percent increase in prices for food at home. Prices for food away from home were unchanged.
From July 2018 to July 2019, the food index rose 1.1 percent due to a 4.3-percent increase in prices for food away home. Costs for food at home declined 1.6 percent over the year.
The energy index declined 2.9 percent over the two-month pricing period ending in July. The decrease was primarily due to a 7.4-percent decline in prices for gasoline. Prices for utility (piped) gas service were down 4.6 percent. Higher prices for electricity (9.5 percent) helped to moderate the overall decrease in the energy index.
Over the year, the energy index decreased 5.6 percent reflecting lower prices for all major components. Prices for gasoline were down 5.7 percent over the year. Electricity costs declined 4.1 percent and utility (piped) gas service prices were 8.2 percent lower.
The index for all items less food and energy advanced 0.6 percent during the June-July pricing period. Higher prices for shelter (1.7 percent) led the increase. New vehicles and apparel prices were among those that moderated the increase with declines of 2.0 percent and 1.8 percent, respectively.
From July 2018 to July 2019, the index for all items less food and energy advanced 2.8 percent. The broad-based increase was led by higher prices for shelter (3.8 percent). Higher costs for medical care (3.1 percent) and new vehicles (4.8 percent) were also among those that contributed to the gain. Household furnishings and operations (-0.9 percent) and apparel (-1.0 percent) were among the indexes that registered lower prices, but they did little to moderate the increase in the all items less food and energy index.
The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the Denver-Aurora-Lakewood, CO metropolitan area for July 2019 was 257.133. The CPI-W increased 0.3 percent over the 2 months and increased 1.9 percent over the year.
The Consumer Price Index for August 2019 is scheduled to be released on Thursday, September 12, 2019, 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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 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 75 urban areas across the country from about 6,000 housing units and approximately 22,000 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 ww.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 Denver-Aurora-Lakewood metropolitan area is comprised of Adams, Arapahoe, Broomfield, Clear Creek, Denver, Douglas, Elbert, Gilpin, Jefferson, and Park counties in Colorado.
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
Cereals and bakery products
Meats, poultry, fish, and eggs
Dairy and related products
Fruits and vegetables
Nonalcoholic beverages and beverage materials(1)
Other food at home
Food away from home
Rent of primary residence
Owners' equivalent rent of residences(2)
Owners' equivalent rent of primary residence(2)
Fuels and utilities
Utility (piped) gas service
Household furnishings and operations
New and used motor vehicles(3)
Used cars and trucks(1)
Gasoline (all types)
Gasoline, unleaded regular(4)
Gasoline, unleaded premium(4)
Motor vehicle insurance(1)
Education and communication(3)
Tuition, other school fees, and childcare(1)
Other goods and services
Commodity and service group
Commodities less food and beverages
Nondurables less food and beverages
Special aggregate indexes
All items less shelter
All items less medical care
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, August 13, 2019