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News Release Information

18-389-SAN
Tuesday, March 13, 2018

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Technical information:
Media contact:
  • (415) 625-2270

Consumer Price Index, Los Angeles area — February 2018

Area prices were up 0.7 percent over the past month, up 3.6 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.7 percent in February, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the February increase was influenced by higher prices for shelter, apparel and gasoline. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U advanced 3.6 percent. (See chart 1 and table A.) Energy prices increased 10.5 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy increased 3.4 percent over the year. (See table 1.)

Food

Food prices declined 0.3 percent for the month of February. (See table 1.) Prices for food at home decreased 0.8 percent, but prices for food away from home increased 0.3 percent for the same period.

Over the year, food prices advanced 1.7 percent. Prices for food away from home rose 3.8 percent since a year ago, but prices for food at home inched down 0.1 percent.

Energy

The energy index rose 3.1 percent over the month. The increase was mainly due to higher prices for gasoline (4.4 percent). Prices for natural gas service advanced 4.0 percent, while prices for electricity did not change for the same period.

Energy prices increased 10.5 percent over the year, largely due to higher prices for gasoline (15.5 percent). Prices paid for electricity increased 4.1 percent, but prices for natural gas service moved down 1.9 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.6 percent in February. Higher prices for apparel (5.0 percent) and shelter (0.6 percent) were partially offset by lower prices for new vehicles (-1.7 percent) and household furnishings and operations (-0.6 percent).

Over the year, the index for all items less food and energy increased 3.4 percent. Higher prices were noted for other goods and services (9.6 percent), shelter (3.8 percent), and medical care (2.1 percent).

Table A. Los Angeles-Long Beach-Anaheim CPI-U monthly and annual percent changes (not seasonally adjusted)
Month201320142015201620172018
MonthlyAnnualMonthlyAnnualMonthlyAnnualMonthlyAnnualMonthlyAnnualMonthlyAnnual

January

0.82.00.50.8-0.3-0.10.73.10.92.10.83.5

February

0.72.20.50.50.70.10.02.40.62.7 0.7 3.6

March

0.11.30.61.01.00.50.31.70.32.7  

April

-0.40.90.01.4-0.10.50.22.00.22.7  

May

0.11.00.41.71.01.10.51.40.32.5  

June

-0.11.40.11.8-0.30.80.11.8-0.22.2  

July

-0.11.30.12.00.71.40.01.10.32.5  

August

0.10.8-0.11.8-0.31.10.01.40.32.8  

September

0.20.60.01.7-0.40.70.21.90.43.1  

October

0.1-0.1-0.11.40.21.00.42.20.43.1  

November

-0.50.4-0.71.30.01.6-0.41.80.13.6  

December

0.01.1-0.50.7-0.12.00.02.00.03.6  

The March 2018 Consumer Price Index for the Los Angeles-Long Beach-Anaheim is scheduled to be released on April 11, 2018.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS introduced a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, Los Angeles and Riverside have separate indexes. The first indexes using the new structure are published for the first time this month. 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 94 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 75 urban areas across the country from about 5,000 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 (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/homch17_a.htm.

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 Los Angeles-Long Beach-Anaheim. metropolitan area covered in this release is comprised of Los Angeles and Orange Counties in the State of California.

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

Los Angeles-Long Beach-Anaheim (1982-84=100 unless otherwise noted)
Item and Group

IndexesPercent change from-
Dec.
2017
Jan.
2018
Feb.
2018
Feb.
2017
Dec.
2017
Jan.
2018

Expenditure category

All items

259.220261.235263.0123.61.50.7

All items (1967=100)

765.850771.805777.054---

Food and beverages

257.263258.138257.4051.60.1-0.3

Food

257.669258.479257.8271.70.1-0.3

Food at home

255.375255.732253.747-0.1-0.6-0.8

Cereals and bakery products

260.029263.402258.340--0.6-1.9

Meats, poultry, fish, and eggs

274.324271.815272.744--0.60.3

Dairy and related products

241.255240.294240.785--0.20.2

Fruits and vegetables

350.350358.881347.056--0.9-3.3

Nonalcoholic beverages and beverage materials(1)

259.151255.489256.499--1.00.4

Other food at home

202.640201.936201.782--0.4-0.1

Food away from home

256.623257.892258.6383.80.80.3

Food away from home

256.623257.892258.6383.80.80.3

Alcoholic beverages

236.145237.846236.0630.00.0-0.7

Housing

292.603294.365295.8653.51.10.5

Shelter

336.552337.756339.7823.81.00.6

Rent of primary residence(2)

356.235357.733357.5824.50.40.0

Owners' equiv. rent of residences(2)(3)

350.555352.125353.3324.20.80.3

Owners' equiv. rent of primary residence(1)(2)

350.535352.105353.3124.20.80.3

Fuels and utilities

306.585313.724316.2143.83.10.8

Household energy

263.429266.805269.3542.52.21.0

Energy services(2)

262.023265.389268.0082.72.31.0

Electricity(2)

305.653314.299314.4094.12.90.0

Utility (piped) gas service(2)

207.555200.712208.717-1.90.64.0

Household furnishings and operations

116.428118.382117.6880.81.1-0.6

Apparel

102.476106.168111.5221.28.85.0

Transportation

203.134207.120210.6277.83.71.7

Private transportation

199.740203.649206.7808.43.51.5

New and used motor vehicles(4)

91.72692.28492.700-1.10.5

New vehicles(1)

169.960173.186170.211-0.1-1.7

Used cars and trucks(1)

262.549263.759266.071-1.30.9

Motor fuel

239.908251.952262.85115.79.64.3

Gasoline (all types)

234.242246.027256.76615.59.64.4

Gasoline, unleaded regular(4)

234.420246.393257.23315.69.74.4

Gasoline, unleaded midgrade(4)(5)

225.746236.181246.48315.69.24.4

Gasoline, unleaded premium(4)

224.929235.448245.26115.19.04.2

Motor vehicle insurance(1)

730.714737.507748.204-2.41.5

Medical care

475.129475.556474.9012.10.0-0.1

Recreation(6)

108.741108.296108.0501.7-0.6-0.2

Education and communication(6)

144.025144.444144.1820.50.1-0.2

Tuition, other school fees, and child care(1)

1,776.4691,776.4691,775.997-0.00.0

Other goods and services

411.138415.821426.5759.63.82.6

Commodity and service group

All items

259.220261.235263.0123.61.50.7

Commodities

177.022179.512180.7113.32.10.7

Commodities less food & beverages

135.321138.262140.1154.53.51.3

Nondurables less food & beverages

178.761184.089189.1498.05.82.7

Durables

92.71893.52992.618-1.3-0.1-1.0

Services

332.391333.995336.2863.81.20.7

Special aggregate indexes

All items less medical care

249.855251.922253.7823.71.60.7

All items less shelter

225.322227.716229.3873.51.80.7

Commodities less food

139.660142.606144.3874.33.41.2

Nondurables

218.884222.297224.8214.52.71.1

Nondurables less food

184.325189.529194.2867.45.42.5

Services less rent of shelter(3)

335.417337.635340.3403.61.50.8

Services less medical care services

320.260321.939324.3374.01.30.7

Energy

249.827258.934266.99810.56.93.1

All items less energy

261.896263.457264.8303.21.10.5

All items less food and energy

262.960264.641266.3323.41.30.6

Footnotes
(1) Indexes on a December 1977=100 base.
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Index is on a December 1982=100 base.
(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.

- Data not available
NOTE: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Tuesday, March 13, 2018