Wednesday, February 13, 2019
The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth-Arlington fell 0.2 percent in December and January, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Stanley W. Suchman noted that a 7.5-percent decline in the energy index, more than offset increases in the indexes for food and for all items less food and energy, up 0.5 and 0.3 percent, respectively. (Data in this report are not seasonally adjusted. Accordingly, short-term changes may reflect the impact of seasonal influences.)
During the year ended in January 2019, the all items CPI-U rose 2.1 percent and the index for all items less food and energy increased 3.1 percent. This is the third consecutive period in which the index for all items less food and energy has risen at a faster 12-month pace than the all items index. (See chart 1 and table 1.)
Food prices rose 0.5 percent in December and January, after falling 0.3 percent in October and November. The latest increase resulted from a 2.0-percent increase in prices for food away from home, as prices for food at home (grocery prices) fell 1.1 percent.
During the 12 months ended in January 2019, total food prices were up 0.5 percent. As with the bimonthly change, a 3.7-percent increase in prices for food away from home, countered a 2.7-percent decline in prices for food at home.
The energy index fell 7.5 percent in December and January, following an 8.2-percent decrease in October and November. The latest decline was almost entirely due to a 16.1-percent decline in motor fuel prices, though a 1.8-percent decrease in natural gas prices also contributed. In contrast, electricity prices rose 4.2 percent in December and January.
During the year ended in January 2019, the energy index fell 5.8 percent. The largest contributor was a 15.7-percent drop in motor fuel prices, but a 16.4-percent drop in natural gas prices was a smaller contributor to the decline. Electricity prices climbed 12.0 percent over the year, the largest 12-month increase since October 2013 (12.2 percent).
The index for all items less food and energy rose 0.3 percent in December and January, after rising 0.9 percent in October and November. A host of categories registered increases in the latest period, but the leading factors were higher prices for shelter (0.5 percent), apparel (3.6 percent), household furnishings and operations (1.7 percent), and education and communication (1.0 percent). Slowing these gains, prices fell for other goods and services (-0.3 percent).
From January 2018 to January 2019, the index for all items less food and energy rose 3.1 percent. Higher shelter costs, up 3.7 percent, were responsible for the largest share of the annual rise, but a 9.2-percent increase in recreation costs was another large contributor.
The March 2019 Consumer Price Index for All Items for Dallas-Fort Worth-Arlington is scheduled to be released Wednesday, April 10, 2019.
The Consumer Price Index for Dallas-Fort Worth-Arlington is published bi-monthly. 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 5,000 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 www.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 Dallas-Fort Worth-Arlington, Texas, Core Based Statistical Area includes Collin, Dallas, Denton, Ellis, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, Somervell, Tarrant, and Wise Counties.
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: Wednesday, February 13, 2019