Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

News Release Information

20-1539-KAN
Wednesday, August 12, 2020

Contacts

Technical information:
Media contact:
  • (816) 285-7000

Consumer Price Index, Denver-Aurora-Lakewood area – July 2020

Area prices up 1.6 percent in June and July and up 3.1 percent over the year

Prices in the Denver-Aurora-Lakewood area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.6 percent for the two months ending in July 2020, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Michael Hirniak noted that the bi-monthly increase was most influenced by higher prices for 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 increased 3.1 percent. (See chart 1.) The index for all items less food and energy increased 3.3 percent over the year. Food prices rose 5.5 percent. In contrast, energy prices decreased 4.8 percent during the previous 12 months. (See table 1.)

Food

Food prices rose 0.9 percent for the two months ending in July. (See table 1.)Prices for food away from home advanced 1.5 percent, and prices for food at home increased 0.5 percent for the same period.

Over the year, food prices rose 5.5 percent. Prices for food away from home increased 6.6 percent since a year ago, and prices for food at home advanced 4.8 percent.

Energy

The energy index jumped 18.8 percent for the two months ending in July. The increase was mainly due to higher prices for gasoline (41.1 percent). Prices for electricity were unchanged.

Energy prices decreased 4.8 percent over the year, led by lower prices for electricity (-6.0 percent). Prices paid for gasoline also decreased, down 3.1 percent.

All items less food and energy

The index for all items less food and energy advanced 0.8 percent in the latest two-month period. Higher prices for shelter (2.5 percent) and motor vehicle insurance (29.2 percent) were partially offset by lower prices for recreation (-14.2 percent).

Over the year, the index for all items less food and energy increased 3.3 percent. Components contributing to the increase included shelter (4.8 percent) and household furnishings and operations (8.2 percent). Partly offsetting the increases, prices declined for recreation (-0.4 percent).

The September 2020 Consumer Price Index for the Denver-Aurora-Lakewood area is scheduled to be released on Tuesday, October 13, 2020.

Coronavirus (COVID-19) Pandemic Impact on July 2020 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 July 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 https://www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.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 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 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 -
May
2020
Jun.
2020
Jul.
2020
Jul.
2019
May
2020
Jun.
2020

All items

271.379 - 275.589 3.1 1.6 -

All items (1967 = 100)

904.936 - 918.976      

Food and beverages

247.682 - 249.792 5.2 0.9 -

Food

252.695 - 254.963 5.5 0.9 -

Food at home

236.467 237.104 237.599 4.8 0.5 0.2

Cereals and bakery products

289.369 - 276.611 -2.1 -4.4 -

Meats, poultry, fish, and eggs

240.035 - 243.761 14.4 1.6 -

Dairy and related products

202.696 - 206.306 4.6 1.8 -

Fruits and vegetables

284.373 - 276.881 0.1 -2.6 -

Nonalcoholic beverages and beverage materials(1)

165.818 - 169.505 9.6 2.2 -

Other food at home

200.924 - 207.014 1.2 3.0 -

Food away from home

273.810 - 277.786 6.6 1.5 -

Alcoholic beverages

203.528 - 204.114 0.6 0.3 -

Housing

275.401 - 281.526 4.6 2.2 -

Shelter

320.016 326.162 328.036 4.8 2.5 0.6

Rent of primary residence

333.560 334.148 333.200 2.4 -0.1 -0.3

Owners' equivalent rent of residences(2)

313.310 312.903 313.092 2.2 -0.1 0.1

Owners' equivalent rent of primary residence(2)

313.310 312.903 313.092 2.2 -0.1 0.1

Fuels and utilities

236.231 - 234.328 -2.9 -0.8 -

Household energy

151.438 151.338 149.731 -7.1 -1.1 -1.1

Energy services

149.838 149.728 148.219 -7.3 -1.1 -1.0

Electricity

157.806 157.806 157.806 -6.0 0.0 0.0

Utility (piped) gas service

- - - - - -

Household furnishings and operations

122.792 - 125.383 8.2 2.1 -

Apparel

88.462 - 94.053 2.4 6.3 -

Transportation

240.178 - 258.715 -1.9 7.7 -

Private transportation

236.859 - 260.416 1.2 9.9 -

New and used motor vehicles(3)

107.933 - 108.975 -1.5 1.0 -

New vehicles(1)

225.510 - 226.284 1.6 0.3 -

Used cars and trucks(1)

269.663 - 274.652 -0.1 1.9 -

Motor fuel

153.073 196.723 214.343 -3.5 40.0 9.0

Gasoline (all types)

151.532 195.923 213.744 -3.1 41.1 9.1

Gasoline, unleaded regular(4)

144.306 188.771 206.293 -3.1 43.0 9.3

Gasoline, unleaded midgrade(4)(5)

160.199 199.724 215.029 -2.4 34.2 7.7

Gasoline, unleaded premium(4)

180.509 221.012 239.521 -3.1 32.7 8.4

Motor vehicle insurance(1)

2,470.825 - 3,193.197 11.8 29.2 -

Medical care

631.792 - 631.684 3.0 0.0 -

Recreation(3)

188.013 - 161.313 -0.4 -14.2 -

Education and communication(3)

124.326 - 127.698 3.8 2.7 -

Tuition, other school fees, and childcare(1)

1,087.858 - 1,093.168 2.8 0.5 -

Other goods and services

376.366 - 384.760 3.9 2.2 -

Commodity and service group

Commodities

172.198 - 177.760 3.2 3.2 -

Commodities less food and beverages

135.907 - 142.393 2.0 4.8 -

Nondurables less food and beverages

154.439 - 168.744 -0.4 9.3 -

Durables

113.815 - 114.378 4.7 0.5 -

Services

360.291 - 362.786 3.1 0.7 -

Special aggregate indexes

All items less shelter

248.272 - 250.750 2.1 1.0 -

All items less medical care

255.044 - 259.384 3.1 1.7 -

Commodities less food

138.519 - 144.841 2.0 4.6 -

Nondurables

199.980 - 208.904 2.6 4.5 -

Nondurables less food

157.775 - 171.104 -0.3 8.4 -

Services less rent of shelter(2)

413.822 - 407.331 0.9 -1.6 -

Services less medical care services

336.859 - 339.226 2.9 0.7 -

Energy

150.220 170.913 178.465 -4.8 18.8 4.4

All items less energy

283.473 - 285.768 3.5 0.8 -

All items less food and energy

289.922 - 292.232 3.3 0.8 -

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, August 12, 2020