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News Release Information

21-236-KAN
Wednesday, February 10, 2021

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Technical information:
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  • (816) 285-7000

Consumer Price Index, Denver-Aurora-Lakewood – January 2021

Area prices were up 0.1 percent over the past two months, up 0.4 percent from a year ago

Prices in the Denver-Aurora-Lakewood area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), crept up 0.1 percent for the two months ending in January 2021, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Michael Hirniak noted that higher prices for energy were nearly offset by lower prices for food and for all items less food and energy. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U rose 0.4 percent. (See chart 1.) Food prices increased 3.2 percent and the index for all items less food and energy rose 0.4 percent over the year. In contrast, energy prices declined 4.7 percent. (See table 1.)

Food

Food prices declined 0.3 percent for the two months ending in January. (See table 1.) Prices for food at home decreased 0.7 percent, while prices for food away from home inched up 0.2 percent for the same period.

Over the year, food prices increased 3.2 percent. Prices for food away from home increased 4.3 percent and prices for food at home increased 2.3 percent since a year ago.

Energy

The energy index rose 5.9 percent for the two months ending in January. The increase was mainly due to higher prices for gasoline (10.9 percent). Prices for electricity were unchanged for the same period.

Energy prices declined 4.7 percent over the year, largely due to lower prices for gasoline, which fell 8.6 percent. Prices paid for electricity were unchanged during the 12-month period.

All items less food and energy

The index for all items less food and energy inched down 0.1 percent in the latest two-month period. Lower prices for recreation (-3.9 percent), new and used motor vehicles (-1.7 percent), and education and communication (-0.9 percent) were largely offset by higher prices for household furnishings and operations (3.1 percent), shelter (0.2 percent), and apparel (3.2 percent).

Over the year, the index for all items less food and energy rose 0.4 percent. Components contributing to the increase included household furnishings and operations (7.1 percent), education and communication (2.7 percent), and used cars and trucks (9.2 percent). Partly offsetting the increases were price decreases in shelter (-1.0 percent), recreation (-3.5 percent), and new vehicles (-4.6 percent).

The March 2021 Consumer Price Index for the Denver-Aurora-Lakewood area is scheduled to be released on Tuesday, April 13, 2021.

Coronavirus (COVID-19) Pandemic Impact on January 2021 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in January was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


Technical Note

The Consumer Price Index (CPI) is a measures 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 U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods 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 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 requestVoice 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,
Denver-Aurora-Lakewood, CO (1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from -
Nov.
2020
Dec.
2020
Jan.
2021
Jan.
2020
Nov.
2020
Dec.
2020

All items

271.837 - 272.156 0.4 0.1 -

All items (1967 = 100)

906.463 - 907.527      

Food and beverages

250.860 - 250.529 3.2 -0.1 -

Food

256.023 - 255.223 3.2 -0.3 -

Food at home

238.936 236.561 237.310 2.3 -0.7 0.3

Cereals and bakery products

276.354 - 282.524 -0.1 2.2 -

Meats, poultry, fish, and eggs

243.215 - 236.653 7.6 -2.7 -

Dairy and related products

202.537 - 207.432 4.9 2.4 -

Fruits and vegetables

279.377 - 280.945 0.4 0.6 -

Nonalcoholic beverages and beverage materials(1)

164.699 - 164.628 -4.2 0.0 -

Other food at home

215.337 - 210.478 2.1 -2.3 -

Food away from home

278.408 - 278.884 4.3 0.2 -

Alcoholic beverages

205.272 - 209.597 3.5 2.1 -

Housing

273.423 - 274.759 0.0 0.5 -

Shelter

316.005 315.774 316.795 -1.0 0.2 0.3

Rent of primary residence

329.424 327.694 327.998 -1.4 -0.4 0.1

Owners' equivalent rent of residences(2)

312.203 312.501 313.247 -0.1 0.3 0.2

Owners' equivalent rent of primary residence(2)

312.203 312.501 313.247 -0.1 0.3 0.2

Fuels and utilities

239.635 - 237.695 0.4 -0.8 -

Household energy

153.689 153.674 154.399 0.6 0.5 0.5

Energy services

152.033 152.022 152.762 0.4 0.5 0.5

Electricity

157.806 157.806 157.806 0.0 0.0 0.0

Utility (piped) gas service

- - - - - -

Household furnishings and operations

125.071 - 128.897 7.1 3.1 -

Apparel

98.685 - 101.889 6.1 3.2 -

Transportation

252.316 - 253.958 -1.9 0.7 -

Private transportation

250.966 - 254.531 -0.6 1.4 -

New and used motor vehicles(3)

109.016 - 107.208 -0.1 -1.7 -

New vehicles(1)

216.321 - 211.504 -4.6 -2.2 -

Used cars and trucks(1)

295.109 - 289.065 9.2 -2.0 -

Motor fuel

177.156 185.783 196.672 -8.8 11.0 5.9

Gasoline (all types)

176.135 184.358 195.406 -8.6 10.9 6.0

Gasoline, unleaded regular(4)

168.524 176.539 188.016 -8.8 11.6 6.5

Gasoline, unleaded midgrade(4)(5)

182.883 189.567 197.394 -8.6 7.9 4.1

Gasoline, unleaded premium(4)

205.392 214.400 222.336 -7.9 8.2 3.7

Motor vehicle insurance(1)

2,994.586 - 3,080.901 2.8 2.9 -

Medical care

629.609 - 631.437 1.0 0.3 -

Recreation(3)

164.643 - 158.160 -3.5 -3.9 -

Education and communication(3)

128.223 - 127.041 2.7 -0.9 -

Tuition, other school fees, and childcare(1)

1,099.824 - 1,101.129 1.3 0.1 -

Other goods and services

383.063 - 385.770 3.3 0.7 -

Commodity and service group

Commodities

176.130 - 177.152 1.1 0.6 -

Commodities less food and beverages

139.893 - 141.341 -0.1 1.0 -

Nondurables less food and beverages

162.500 - 167.746 -1.2 3.2 -

Durables

114.674 - 113.358 1.0 -1.1 -

Services

356.999 - 356.546 0.1 -0.1 -

Special aggregate indexes

All items less shelter

250.738 - 250.844 1.3 0.0 -

All items less medical care

255.600 - 255.858 0.4 0.1 -

Commodities less food

142.448 - 143.991 0.0 1.1 -

Nondurables

205.925 - 208.689 1.2 1.3 -

Nondurables less food

165.385 - 170.562 -0.8 3.1 -

Services less rent of shelter(2)

411.913 - 409.507 1.5 -0.6 -

Services less medical care services

333.541 - 332.909 0.0 -0.2 -

Energy

162.817 166.909 172.455 -4.7 5.9 3.3

All items less energy

282.950 - 282.515 0.7 -0.2 -

All items less food and energy

288.745 - 288.371 0.4 -0.1 -

Footnotes
(1) Indexes on a January 1978=100 base.
(2) Indexes on a November 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Index on a December 1993=100 base.

- Data not available.

 

Last Modified Date: Wednesday, February 10, 2021