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Friday, January 12, 2018

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Consumer Price Index, Denver-Boulder-Greeley – Second Half 2017

Prices increased 3.7 percent from the second half of 2016 to the second half of 2017

The Consumer Price Index for All Urban Consumers (CPI-U) for the Denver-Boulder-Greeley, Colo., metropolitan area increased 3.7 percent from the second half of 2016 to the second half of 2017, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Stanley W. Suchman noted that higher costs for shelter (4.9 percent) had the largest upward impact on the overall index. The energy index was up 8.9 percent and food prices rose 3.4 percent. The all items less food and energy index, which includes shelter, advanced 3.4 percent over the year.

 

Food

Food prices rose 3.4 percent from the second half of 2016 to the second half of 2017 after registering little change (0.2 percent) in the same period one year ago. Prices for food at home were up 2.2 percent while costs for food away from home advanced 5.0 percent over the year. Comparatively, from the second half of 2015 to the second half of 2016, prices for food at home were virtually unchanged (-0.1 percent) while costs for food away from home increased a moderate 0.6 percent.

Energy

The energy index, which includes motor fuel and household fuels, rose 8.9 percent from the second half of 2016 to the second half of 2017. Energy costs declined 4.6 percent in the same period one year ago. Higher prices for gasoline (13.8 percent) led the increase in the energy component. Prices for electricity and utility (piped) gas service increased 4.1 and 3.1 percent, respectively. During the same period one year ago, gasoline prices fell 9.6 percent, while electricity prices increased 1.8 percent and utility (piped) gas service costs were 1.0 percent higher.

All items less food and energy

The index for all items less food and energy rose 3.4 percent from the second half of 2016 to the second half of 2017. Shelter costs had the greatest upward impact on the index with a gain of 4.9 percent after rising 7.0 percent in the same period one year ago. Other expenditure categories that registered higher prices over the year included medical care (6.8 percent) and recreation (3.8 percent).

The Denver CPI-U stood at 257.230 for the second half of 2017. This means that a market basket of goods and services that cost $100.00 in the 1982-84 base period cost $257.23 in the second half of 2017. 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 second half of 2017 was 246.186. The CPI-W increased 3.7 percent from the second half of 2016 to the second half of 2017.

The Consumer Price Index for January 2018 is scheduled to be released on February 14, 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). This index will change to a bimonthly publication schedule beginning in January, 2018. The first indexes using the new structure will be published in February 2018. 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/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: (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
2nd half 2017 from-
2nd half
2016
1st half
2017
2nd half
2017
2nd half
2016
1st half
2017

Expenditure category

 
 

All Items

248.095 252.760 257.230 3.7 1.8

All items (1967=100)

827.292 842.848 857.753    

Food and beverages

224.091 229.067 231.163 3.2 0.9

Food

227.203 232.618 234.971 3.4 1.0

Food at home

222.169 224.394 227.024 2.2 1.2

Food away from home

233.853 243.499 245.484 5.0 0.8

Alcoholic beverages

200.065 200.028 199.128 -0.5 -0.4

Housing

246.318 252.354 257.327 4.5 2.0

Shelter

283.244 290.950 297.087 4.9 2.1

Rent of primary residence(1)

293.807 300.287 306.287 4.2 2.0

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

277.153 284.845 290.877 5.0 2.1

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

277.153 284.845 290.877 5.0 2.1

Fuels and utilities

231.863 233.595 238.278 2.8 2.0

Household energy

163.152 164.590 169.540 3.9 3.0

Energy services(1)

162.349 163.451 168.482 3.8 3.1

Electricity(1)

170.539 170.473 177.603 4.1 4.2

Utility (piped) gas service(1)

149.344 152.455 153.921 3.1 1.0

Household furnishings and operations

113.084 114.643 115.135 1.8 0.4

Apparel

103.013 99.003 106.530 3.4 7.6

Transportation

238.249 244.718 247.168 3.7 1.0

Private transportation

231.242 235.850 241.576 4.5 2.4

Motor fuel

179.912 190.957 204.741 13.8 7.2

Gasoline (all types)

178.652 189.597 203.293 13.8 7.2

Gasoline, unleaded regular(3)

172.298 183.156 196.759 14.2 7.4

Gasoline, unleaded midgrade(3)(4)

180.051 190.075 201.848 12.1 6.2

Gasoline, unleaded premium(3)

201.278 211.872 225.255 11.9 6.3

Medical Care

539.710 542.666 576.296 6.8 6.2

Recreation(5)

154.141 160.585 160.047 3.8 -0.3

Education and communication(5)

125.722 123.867 120.902 -3.8 -2.4

Other goods and services

356.968 352.192 353.044 -1.1 0.2
 

Commodity and Service Group

 
 

All Items

248.095 252.760 257.230 3.7 1.8

Commodities

166.325 167.500 169.711 2.0 1.3

Commodities less food & beverages

136.861 136.333 138.540 1.2 1.6

Nondurables less food & beverages

161.990 161.347 167.815 3.6 4.0

Durables

111.049 110.637 108.859 -2.0 -1.6

Services

319.957 328.053 334.656 4.6 2.0
 

Special aggregate indexes:

 
 

All items less medical care

234.609 239.291 242.619 3.4 1.4

All items less shelter

231.424 234.612 238.277 3.0 1.6

Commodities less food

139.336 138.822 140.936 1.1 1.5

Nondurables

193.339 195.388 199.818 3.4 2.3

Nondurables less food

164.477 163.874 169.869 3.3 3.7

Services less rent of shelter(2)

369.432 377.617 384.284 4.0 1.8

Services less medical care services

301.501 309.703 314.163 4.2 1.4

Energy

167.858 173.818 182.854 8.9 5.2

All items less energy

256.663 261.265 265.408 3.4 1.6

All items less food and energy

262.726 267.170 271.672 3.4 1.7

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

Expenditure category

 
 

All Items

237.407 241.689 246.186 3.7 1.9

All items (1967=100)

790.215 804.468 819.439    

Food and beverages

225.556 230.377 232.958 3.3 1.1

Food

228.762 233.867 236.653 3.4 1.2

Food at home

223.348 225.113 228.491 2.3 1.5

Food away from home

237.641 248.617 250.352 5.3 0.7

Alcoholic beverages

205.924 206.146 205.194 -0.4 -0.5

Housing

240.059 245.846 250.673 4.4 2.0

Shelter

271.405 278.579 284.454 4.8 2.1

Rent of primary residence(1)

293.807 300.287 306.287 4.2 2.0

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

258.736 265.916 271.548 5.0 2.1

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

258.736 265.916 271.548 5.0 2.1

Fuels and utilities

225.042 226.611 231.424 2.8 2.1

Household energy

162.018 163.289 168.248 3.8 3.0

Energy services(1)

162.624 163.735 168.765 3.8 3.1

Electricity(1)

170.538 170.472 177.602 4.1 4.2

Utility (piped) gas service(1)

149.345 152.456 153.922 3.1 1.0

Household furnishings and operations

119.143 121.626 121.843 2.3 0.2

Apparel

103.834 100.087 107.276 3.3 7.2

Transportation

239.213 246.935 253.496 6.0 2.7

Private transportation

234.169 240.824 249.781 6.7 3.7

Motor fuel

180.080 191.123 204.925 13.8 7.2

Gasoline (all types)

178.650 189.594 203.291 13.8 7.2

Gasoline, unleaded regular(3)

172.301 183.159 196.762 14.2 7.4

Gasoline, unleaded midgrade(3)(4)

180.051 190.075 201.848 12.1 6.2

Gasoline, unleaded premium(3)

201.305 211.901 225.286 11.9 6.3

Medical Care

543.516 545.846 576.162 6.0 5.6

Recreation(5)

132.771 136.663 135.353 1.9 -1.0

Education and communication(5)

119.256 116.086 112.715 -5.5 -2.9

Other goods and services

358.079 350.222 351.255 -1.9 0.3
 

Commodity and Service Group

 
 

All Items

237.407 241.689 246.186 3.7 1.9

Commodities

169.457 171.022 173.358 2.3 1.4

Commodities less food & beverages

139.155 138.955 141.161 1.4 1.6

Nondurables less food & beverages

167.649 167.376 173.559 3.5 3.7

Durables

107.777 107.655 105.724 -1.9 -1.8

Services

305.776 313.010 319.809 4.6 2.2
 

Special aggregate indexes:

 
 

All items less medical care

225.708 229.971 233.734 3.6 1.6

All items less shelter

223.606 226.634 230.547 3.1 1.7

Commodities less food

141.314 141.124 143.256 1.4 1.5

Nondurables

199.554 201.928 206.303 3.4 2.2

Nondurables less food

169.946 169.697 175.547 3.3 3.4

Services less rent of shelter(2)

334.608 341.166 348.564 4.2 2.2

Services less medical care services

287.703 294.871 300.174 4.3 1.8

Energy

172.686 178.778 188.141 8.9 5.2

All items less energy

245.188 249.352 253.467 3.4 1.7

All items less food and energy

249.118 253.047 257.489 3.4 1.8

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: Friday, January 12, 2018