Tuesday, December 13, 2022
Prices in the Dallas-Fort Worth-Arlington area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.3 percent for the two months ending in November 2022, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Michael Hirniak noted that the all items less food and energy index advanced 1.0 percent in October and November, largely due to an increase in the shelter category. The food index rose 0.3 percent, while the energy index fell 6.2 percent over the past two months. (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 8.4 percent. The index for all items less food and energy advanced 7.6 percent over the year, the largest 12-month increase since the index began in 1983. Food prices rose 14.1 percent during the same period. Energy prices increased 8.8 percent, mainly the result of an increase in the price of electricity. (See chart 1 and table 1.)Food
Food prices rose 0.3 percent for the two months ending in November. Prices for food away from home increased, while prices for food at home decreased 0.2 percent for the same period. Within the food at home category, declines in the index for meats, poultry, fish, and eggs (-2.0 percent) outweighed increases in the indexes for fruits and vegetables (+1.5 percent) and other food at home (+0.8 percent).
Over the year, food prices rose 14.1 percent. Prices for food at home increased 15.3 percent since a year ago, with all six major grocery store food group indexes contributing to the rise. The other food at home index (which includes sugar, sweets, fats, and oils) contributed most to the increase at 18.0 percent. The category for food away from home also contributed to the rise in the food index.Energy
The energy index declined 6.2 percent in October and November. The decrease was mainly due to lower prices for electricity (-7.7 percent), but all energy categories contributed. Prices for gasoline declined 4.5 percent, and prices for natural gas service fell 9.1 percent over the two-month period.
From November 2021 to November 2022, energy prices increased 8.8 percent, largely due to higher prices for electricity (+20.2 percent), but the index for natural gas service advanced 12.2 percent as well. The index for gasoline decreased 1.5 percent during the past year, the first over-the-year decline since January 2021.All items less food and energy
The index for all items less food and energy advanced 1.0 percent in the latest two-month period, after rising 1.5 percent in the previous period. The top components contributing to the rise all came from within the index for shelter: owners’ equivalent rent of residences (+2.2 percent), rent of primary residence (+2.4 percent), and lodging away from home. These increases were partially offset by lower prices for used cars and trucks (-5.3 percent), public transportation, and medical care services.
Over the year, the index for all items less food and energy rose 7.6 percent. An increase to the index for shelter (+10.2 percent), the largest 12-month increase since the period ending in October 1981, drove over half of the rise within the all items less food and energy index. The indexes for household furnishings and operations (+8.4 percent), and medical care services also had notable increases over the year.
The January 2023 Consumer Price Index for the Dallas-Fort Worth-Arlington area is scheduled to be released on Tuesday, February 14, 2023.
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; Telecommunications Relay Service: 7-1-1.
|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)
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: Tuesday, December 13, 2022