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16-2339-DAL
Thursday, December 15, 2016

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Consumer Price Index, Dallas-Fort Worth — November 2016

Area prices edge up 0.2 percent in October and November; up 2.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth edged up 0.2 percent in October and November, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Stanley W. Suchman noted that a 0.2-percent advance in the index for all items less food and energy was the biggest contributor, though a 0.4-percent rise in energy prices also played a role. Food prices were little changed during the period, dipping 0.1 percent. (Data in this report are not seasonally adjusted. Accordingly, bimonthly changes may reflect the impact of seasonal influences.)

During the year ended in November 2016, the all items CPI-U rose 2.4 percent, its fastest rate of gain since the year ended in July 2013. The index for all items less food and energy increased 2.8 percent during the latest 12-month period; on an annual basis, this index has risen within the narrow range of 2.7 percent to 2.9 percent since May 2016. (See chart 1 and table 1.)

Food

Food prices slipped 0.1 percent in October and November, after edging up 0.2 percent in August and September. As in the previous bimonthly period, the two components of the food index registered opposing movements. Prices for food at home (grocery store prices) fell 0.4 percent, while prices for food away from home edged up 0.1 percent.

From November 2015 to November 2016, food prices fell 0.2 percent, the first annual decrease since September 2015. The latest over-the-year decline was entirely the result of lower prices for food at home, down 2.1 percent, as prices for food away from home rose 2.0 percent.

Energy

The energy index rose 0.4 percent October and November, after falling 1.2 percent in August and September. The current increase reflected the combined effects of 4.7-percent rise in motor fuel prices and a 3.1-percent decrease in household energy costs. The decline in household energy costs was the result of a 4.0-percent decline in electricity costs.

During the year ended in November 2016, the energy index rose 2.6 percent. Higher prices for both motor fuels (6.1 percent) and natural gas (17.0 percent) were responsible for the increase, as electricity prices fell 3.7 percent over the year.

All items less food and energy

The index for all items less food and energy rose 0.2 percent in October and November, after registering a 0.3-percent advance in August and September. A 0.9-percent increase in shelter costs was the major factor in the rise, though higher charges for education and communication (1.0 percent), particularly communication goods and service, also played a role. In contrast, many other categories registered lower prices, including new and used motor vehicles, apparel, medical care, household furnishings and operations, and alcoholic beverages.

From November 2015 to November 2016, the index for all items less food and energy advanced 2.8 percent. The largest contributor was a 6.0-percent increase in shelter costs, with a 6.6-percent rise in owners’ equivalent rent of a primary residence being the biggest factor. This 6.6-percent increase in local homeowners’ costs was the highest annual rate since May 1994 and the fourth highest since the series inception in 1982. Medical care prices were another contributor in the latest all items less food and energy increase as prices rose 3.6 percent over the year. The categories of apparel and recreation recorded declines during the previous 12 months, while costs for education and communication were unchanged.

The January 2017 Consumer Price Index for Dallas-Fort Worth is scheduled to be released Wednesday, February 15, 2017.


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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, Texas, Consolidated Metropolitan Statistical Area (CMSA) includes Collin, Dallas, Denton, Ellis, Henderson, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, and Tarrant 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.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods,
Dallas-Fort Worth, TX (1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from -
 
Sep.
2016
Oct.
2016
Nov.
2016
Nov.
2015
Sep.
2016
Oct.
2016

All items

221.923 - 222.259 2.4 0.2 -

All items (1967 = 100)

696.161 - 697.215      

Food and beverages

251.497 - 250.797 -0.2 -0.3 -

Food

246.069 - 245.734 -0.2 -0.1 -

Food at home

218.398 218.058 217.520 -2.1 -0.4 -0.2

Food away from home

288.825 - 289.219 2.0 0.1 -

Alcoholic beverages

322.293 - 316.384 -0.5 -1.8 -

Housing

207.343 - 208.188 4.5 0.4 -

Shelter

226.648 228.168 228.629 6.0 0.9 0.2

Rent of primary residence(1)

238.215 240.066 241.039 5.4 1.2 0.4

Owners' equivalent rent of residences(1)(2)

243.577 245.153 246.425 6.6 1.2 0.5

Owners' equivalent rent of primary residence(1)(2)

243.577 245.153 246.425 6.6 1.2 0.5

Fuels and utilities

224.739 - 221.747 1.3 -1.3 -

Household energy

208.769 208.765 202.371 -0.3 -3.1 -3.1

Energy services(1)(3)

205.633 205.629 199.287 -0.2 -3.1 -3.1

Electricity(1)

192.162 192.144 184.426 -3.7 -4.0 -4.0

Utility (piped) gas service(1)

225.810 225.881 228.105 17.0 1.0 1.0

Household furnishings and operations

123.747 - 122.431 -2.4 -1.1 -

Apparel

111.572 - 108.319 -1.9 -2.9 -

Transportation

194.567 - 196.145 1.6 0.8 -

Private transportation

196.481 - 197.536 1.2 0.5 -

Motor fuel

182.621 194.699 191.174 6.1 4.7 -1.8

Gasoline (all types)

181.607 193.641 190.039 6.2 4.6 -1.9

Gasoline, unleaded regular(4)

174.052 185.848 182.395 6.4 4.8 -1.9

Gasoline, unleaded midgrade(4)(5)

193.559 205.703 203.023 6.2 4.9 -1.3

Gasoline, unleaded premium(4)

200.251 210.963 206.694 4.7 3.2 -2.0

Medical care

436.971 - 433.631 3.6 -0.8 -

Recreation(6)

111.407 - 111.063 -0.2 -0.3 -

Education and communication(6)

139.300 - 140.690 0.0 1.0 -

Other goods and services

393.462 - 392.076 1.3 -0.4 -
 

Commodity and service group

 

Commodities

171.075 - 169.945 -0.7 -0.7 -

Commodities less food and beverages

135.356 - 134.148 -1.0 -0.9 -

Nondurables less food and beverages

163.749 - 164.621 2.7 0.5 -

Durables

110.662 - 107.933 -4.8 -2.5 -

Services

271.621 - 273.358 4.3 0.6 -
 

Special aggregate indexes

 

All items less shelter

220.476 - 220.024 0.7 -0.2 -

All items less medical care

211.519 - 212.024 2.3 0.2 -

Commodities less food

140.105 - 138.792 -1.0 -0.9 -

Nondurables

203.552 - 203.752 1.1 0.1 -

Nondurables less food

171.083 - 171.637 2.4 0.3 -

Services less rent of shelter(2)

335.323 - 336.572 2.4 0.4 -

Services less medical care services

255.347 - 257.445 4.5 0.8 -

Energy

197.541 203.429 198.388 2.6 0.4 -2.5

All items less energy

227.995 - 228.292 2.4 0.1 -

All items less food and energy

224.987 - 225.377 2.8 0.2 -

(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Indexes on a December 1982=100 base.
(3) Prior to January 2011 this series was titled Gas (piped) and electricity.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) Indexes on a December 1997=100 base.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Thursday, December 15, 2016