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Wednesday, December 13, 2017

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Consumer Price Index, Dallas-Fort Worth — November 2017

Area prices little changed in October and November; up 3.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth was little changed in October and November, edging up 0.1 percent, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Stanley W. Suchman noted that a 0.8-percent increase in the index for all items less food and energy was nearly balanced by a 4.6-percent decline in energy costs and a 1.0-percent decline in food prices. (Data in this report are not seasonally adjusted. Accordingly, bimonthly changes may reflect the impact of seasonal influences.)

During the year ended in November 2017, the all items CPI-U rose 3.2 percent. (See chart 1 and table 1.) The index for all items less food and energy increased 3.3 percent during the latest 12-month period, its highest rate of annual increase since March 2009.

Food

Food prices fell 1.0 percent in October and November, after rising 0.9 percent in August and September. During the latest period, prices for food at home dropped 2.3 percent, their largest decline since March and April 2009, while prices for food away from home edged up 0.2 percent during the latest two-month period.

From November 2016 to November 2017, total food prices rose 0.2 percent. This movement reflected the combined effects of a 2.1-percent increase in prices for food away from home and a 1.5-percent decrease in prices for food at home. A year ago, prices for food at home (grocery store prices) fell 2.1 percent, and during the year ended in November 2015, food at home prices were unchanged.

Energy

The energy index fell 4.6 percent in October and November, following an 8.9-percent increase in August and September. Prices fell for all three of the major components within the energy index, but the largest contributor was an 8.3-percent decline in motor fuel prices. The cost of natural gas fell 1.1 percent and electricity prices were down 0.3 percent.

During the year ended in November 2017, the energy index rose 7.4 percent. As in the bimonthly period, higher prices for motor fuel, up 14.9 percent, were the largest contributor to the energy index rise. Natural gas prices increased 2.4 percent and electricity costs were little changed, up 0.1 percent, during the previous 12 months.

All items less food and energy

The index for all items less food and energy rose 0.8 percent in October and November, following a 1.0-percent rise in August and September. Higher shelter costs were the largest contributor as prices for owners’ equivalent rent were up 1.1 percent and renters’ costs rose 1.3 percent. Other large contributors to the increase included recreation (2.2 percent) and education and communication (1.1 percent). Offsetting a portion of these increases, prices fell 1.9 percent for apparel and slipped 0.1 percent for medical care.

From November 2016 to November 2017, the index for all items less food and energy advanced 3.3 percent. Higher shelter costs, up 6.6 percent, were responsible for the largest share of the annual increase. The shelter advance reflected a 6.5-percent advance in owners’ equivalent rent and a 7.4-percent increase in renters’ costs. Partially countering these increases, prices declined over the year for two components: education and communication (-3.8 percent) and medical care (-0.3 percent).

The January 2018 Consumer Price Index for All Items for Dallas-Fort Worth is scheduled to be released Wednesday, February 14, 2018.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, the index for this area will be renamed. The first indexes using the new structure will be published in February 2018. Additional information on the geographic revision is available at www.bls.gov/cpi/additional-resources/geographic-revision-2018.htm.


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.
2017
Oct.
2017
Nov.
2017
Nov.
2016
Sep.
2017
Oct.
2017

All items

229.056 - 229.352 3.2 0.1 -

All items (1967 = 100)

718.537 - 719.463      

Food and beverages

255.004 - 252.167 0.5 -1.1 -

Food

248.899 - 246.343 0.2 -1.0 -

Food at home

219.152 217.621 214.180 -1.5 -2.3 -1.6

Food away from home

294.530 - 295.192 2.1 0.2 -

Alcoholic beverages

335.388 - 328.606 3.9 -2.0 -

Housing

218.044 - 219.947 5.6 0.9 -

Shelter

241.939 243.012 243.824 6.6 0.8 0.3

Rent of primary residence(1)

255.682 256.919 258.881 7.4 1.3 0.8

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

259.576 260.549 262.342 6.5 1.1 0.7

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

259.576 260.549 262.342 6.5 1.1 0.7

Fuels and utilities

225.345 - 228.404 3.0 1.4 -

Household energy

204.906 204.740 203.859 0.7 -0.5 -0.4

Energy services(1)(3)

201.437 201.313 200.439 0.6 -0.5 -0.4

Electricity(1)

185.316 185.316 184.676 0.1 -0.3 -0.3

Utility (piped) gas service(1)

236.207 235.473 233.603 2.4 -1.1 -0.8

Household furnishings and operations

122.296 - 123.573 0.9 1.0 -

Apparel

114.143 - 112.004 3.4 -1.9 -

Transportation

207.623 - 204.502 4.3 -1.5 -

Private transportation

210.841 - 206.969 4.8 -1.8 -

Motor fuel

239.464 214.264 219.686 14.9 -8.3 2.5

Gasoline (all types)

238.503 212.922 218.351 14.9 -8.4 2.5

Gasoline, unleaded regular(4)

230.010 204.340 209.550 14.9 -8.9 2.5

Gasoline, unleaded midgrade(4)(5)

246.381 226.682 233.799 15.2 -5.1 3.1

Gasoline, unleaded premium(4)

250.440 231.975 237.537 14.9 -5.2 2.4

Medical care

432.588 - 432.142 -0.3 -0.1 -

Recreation(6)

112.198 - 114.664 3.2 2.2 -

Education and communication(6)

133.865 - 135.373 -3.8 1.1 -

Other goods and services

389.735 - 394.361 0.6 1.2 -
 

Commodity and service group

 

Commodities

176.010 - 173.353 2.0 -1.5 -

Commodities less food and beverages

140.481 - 138.030 2.9 -1.7 -

Nondurables less food and beverages

178.021 - 172.752 4.9 -3.0 -

Durables

108.826 - 108.542 0.6 -0.3 -

Services

280.890 - 284.005 3.9 1.1 -
 

Special aggregate indexes

 

All items less shelter

223.718 - 223.251 1.5 -0.2 -

All items less medical care

219.171 - 219.500 3.5 0.2 -

Commodities less food

145.429 - 142.872 2.9 -1.8 -

Nondurables

213.311 - 209.040 2.6 -2.0 -

Nondurables less food

185.292 - 179.955 4.8 -2.9 -

Services less rent of shelter(2)

334.206 - 339.191 0.8 1.5 -

Services less medical care services

265.729 - 269.031 4.5 1.2 -

Energy

223.254 210.879 213.065 7.4 -4.6 1.0

All items less energy

233.624 - 234.845 2.9 0.5 -

All items less food and energy

231.024 - 232.802 3.3 0.8 -

Footnotes
(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: Wednesday, December 13, 2017