Prices in the Dallas-Fort Worth-Arlington area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), fell 0.6 percent for the two months ending in July 2024, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Michael Hirniak noted that the all items less food and energy index decreased 0.9 percent, with the index for medical care services contributing most to the decline. The food index and energy index both rose, up 0.7 percent and 0.2 percent, respectively, in June and July. (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 4.1 percent. The index for all items less food and energy rose 4.2 percent over the year. Energy prices advanced 7.8 percent, largely the result of an increase in the price of electricity. Food prices were up 2.0 percent. (See chart 1 and table 1.)

  

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Chart 1. Over-the-year percent change in CPI-U, Dallas-Fort Worth-Arlington, TX, July 2021–July 2024

Month	All items	All items less food and energy
Jul 2021	5.6	4.6
Sep 2021	5.9	4.2
Nov 2021	7.5	5.5
Jan 2022	7.8	6.3
Mar 2022	9.0	6.5
May 2022	9.1	6.0
Jul 2022	9.4	5.7
Sep 2022	9.2	7.2
Nov 2022	8.4	7.6
Jan 2023	7.5	7.2
Mar 2023	5.8	7.4
May 2023	4.7	7.0
Jul 2023	4.0	6.4
Sep 2023	4.6	5.8
Nov 2023	5.2	6.2
Jan 2024	5.3	6.2
Mar 2024	4.9	4.8
May 2024	5.0	5.0
Jul 2024	4.1	4.2

Food prices advanced 0.7 percent for the two months ending in July. Prices for food at home (grocery store prices), and prices for food away from home (restaurant, cafeteria, and vending purchases) both increased 0.7 percent over the two-month period. Within the food at home category, the index for meat, poultry, fish, and eggs (+1.8 percent) led the rise, followed by dairy and related products (+4.3 percent). Declines in the indexes for cereals and bakery products (-1.7 percent) and other food at home (-0.6 percent) partially offset the increase in the food at home index.

Over the year, food prices rose 2.0 percent. Prices for food away from home increased 4.0 percent since a year ago, and prices for food at home were up 0.4 percent. Within the food at home index, the index for meat, poultry, fish, and eggs (+5.2 percent) drove most of the rise. The year-over-year decline in the index for fruits and vegetables (-5.6 percent) partially offset the rise in the food at home index.

The energy index rose 0.2 percent for the two months ending in July. The increase was mainly due to higher prices for electricity (+4.4 percent), but prices for natural gas service (+1.2 percent) also contributed. The index for gasoline decreased 2.9 percent for the same period, largely offsetting increases from the other energy components.

From July 2023 to July 2024, energy prices were up 7.8 percent, largely due to higher prices for electricity (+16.1 percent). Prices paid for natural gas service rose 19.7 percent, while prices for gasoline declined 2.4 percent during the past year.

The index for all items less food and energy decreased 0.9 percent in the latest two-month period. Lower prices for medical care services, public transportation, and lodging away from home were partially offset by higher prices for owners’ equivalent rent of residences (+0.8 percent) and rent of primary residence (+1.0 percent).

Over the year, the index for all items less food and energy increased 4.2 percent. Components contributing to the rise included shelter (+6.8 percent), education and communication (+5.0 percent), and medical care services. Price decreases in new and used motor vehicles (-6.2 percent) and household furnishings and operations (-2.6 percent) partly offset these increases.

The September 2024 Consumer Price Index for the Dallas-Fort Worth-Arlington area is scheduled to be released on Thursday, October 10, 2024.

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, TX, Core Based Statistical Area includes the counties of Collin, Dallas, Denton, Ellis, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, Somervell, Tarrant, and Wise.

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