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Tuesday, September 14, 2021
Prices in the Houston-The Woodlands-Sugar Land area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.7 percent for the two months ending in August 2021, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Michael Hirniak noted that the August increase was mainly influenced by higher prices for energy, but an advance in the all items less food and energy index also contributed. (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 5.3 percent. The index for all items less food and energy increased 3.5 percent over the year, the largest rise since June 2016. Energy prices jumped 35.2 percent, while food prices rose 2.9 percent. (See chart 1 and table 1.)Food
Food prices decreased 0.3 percent for the two months ending in August. Within the two components of the index, prices for food at home decreased 0.6 percent, while prices for food away from home were unchanged for the same period.
During the 12 months ending in August 2021, food prices rose 2.9 percent. Prices for food at home advanced 2.9 percent, and prices for food away from home increased 2.8 percent over the year.Energy
The energy index rose 6.7 percent for the two months ending in August. The increase was mainly due to higher prices for electricity (+10.1 percent), but all components contributed to the rise. Prices for natural gas service rose 11.5 percent, while prices for gasoline advanced 3.7 percent for the same period.
From August 2020 to August 2021, energy prices surged 35.2 percent, largely due to higher prices for gasoline (+51.8 percent). Prices paid for electricity jumped 21.9 percent, and prices for natural gas service rose 16.0 percent during the past year.All items less food and energy
The index for all items less food and energy rose 0.3 percent in July and August, after rising 1.3 percent in May and June. Higher prices for recreation (+7.1 percent), apparel (+5.2 percent), and owners’ equivalent rent of residences (+0.4 percent) were partially offset by lower prices for new and used motor vehicles (-1.6 percent) and medical care (-0.6 percent).
Over the year, the index for all items less food and energy increased 3.5 percent. Higher prices for used cars and trucks (+31.3 percent) and new vehicles (+8.8 percent) together drove the advance, while household furnishings and operations (+9.7 percent) and recreation (+8.6 percent) also made notable contributions to increases in the index. Partly offsetting these increases were falling prices for medical care (-0.9 percent).
The October 2021 Consumer Price Index for the Houston-The Woodlands-Sugar Land area is scheduled to be released on Wednesday, November 10, 2021.
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 August 2021 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.
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 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 Houston-The Woodlands-Sugar Land, Texas, Core Based Statistical Area includes the counties of Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, and Waller.
Information in this release will be made available to individuals with sensory impairments 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
|(1) Indexes on an April 1978=100 base.|
(2) Indexes on a December 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.
- Data not available.
Last Modified Date: Tuesday, September 14, 2021