Thursday, February 10, 2022
Prices in the Dallas-Fort Worth-Arlington area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.6 percent for the two months ending in January 2022, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Michael Hirniak noted that a 1.5-percent increase in the index for all items less food and energy was the leading factor in the rise, but higher prices for food 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 7.8 percent. (See chart 1.) The index for all items less food and energy rose 6.3 percent over the year, while energy prices jumped 31.8 percent. Food prices rose 6.0 percent annually, the largest rise since September 2008. (See table 1.)Food
Food prices advanced 2.8 percent for the two months ending in January. The index for food at home increased 3.4 percent, mainly due to price increases for fruits and vegetables. The index for food away from home (restaurant, cafeteria, and vending purchases) advanced 2.2 percent for the same period.
Over the year, food prices rose 6.0 percent. The index for food at home jumped 10.5 percent, mainly due to an increase in prices for meats, poultry, fish, and eggs. The index for food away from home increased 1.4 percent over the same period.Energy
The energy index advanced 0.7 percent for the two months ending in January, mainly due to higher prices for electricity (+5.5 percent). Partially offsetting this increase, declines in prices for both gasoline (-2.3 percent) and natural gas service (-3.7 percent) occurred for the same period.
Energy prices jumped 31.8 percent over the year, with all energy components contributing. This rise was largely due to higher prices for gasoline (+42.8 percent), but jumps in prices for electricity (+23.4 percent) and natural gas service (+15.5 percent) also occurred during the past year.All items less food and energy
The index for all items less food and energy rose 1.5 percent in December and January, after rising 0.7 percent in October and November. Higher prices for shelter (+1.3 percent), medical care (+2.3 percent), and used cars and trucks (+5.0 percent) contributed most to the rise. Lower prices for new vehicles (-2.1 percent) partially offset these increases in the bi-monthly period.
Over the year, the index for all items less food and energy rose 6.3 percent. Components contributing most to the increase included shelter (+5.7 percent), used cars and trucks (+39.6 percent), and other goods and services (+13.0 percent).
The March 2022 Consumer Price Index for the Dallas-Fort Worth-Arlington area is scheduled to be released on Tuesday, April 12, 2022.
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 Dallas-Fort Worth-Arlington, Texas, Core Based Statistical Area includes the counties of Collin, Dallas, Denton, Ellis, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, Somervell, Tarrant, and Wise.
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
(1) Indexes on a February 1978=100 base.
- Data not available.
Last Modified Date: Thursday, February 10, 2022