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News Release Information

18-390-SAN
Tuesday, March 13, 2018

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

Consumer Price Index, San Francisco Area — February 2018

Area prices up 1.4 percent over the past two months, up 3.6 percent from a year ago

Prices in the San Francisco area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 1.4 percent for the two months ending in February 2018, 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 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 increased 3.6 percent.  (See chart 1 and table A.) Energy prices moved up 12.2 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy rose 3.3 percent over the year. (See table 1.)

Food

Food prices advanced 1.7 percent for the two months ending in February. (See table 1.) Prices for food at home moved up 1.8 percent, and prices for food away from home rose 1.7 percent for the same period.

Over the year, food prices advanced 2.2 percent. Prices for food away from home increased 3.4 percent since a year ago, and prices for food at home advanced 1.1 percent.

Energy

The energy index increased 4.8 percent for the two months ending in February. The increase was mainly due to higher prices for gasoline (7.2 percent). Prices for natural gas service moved up 3.8 percent, and prices for electricity rose 0.4 percent for the same period.

Energy prices jumped 12.2 percent over the year, largely due to higher prices for gasoline (17.1 percent). Prices paid for electricity increased 8.3 percent, and prices for natural gas service advanced 0.7 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 1.2 percent in the latest two-month period. Higher prices were noted for apparel (4.3 percent) and shelter (0.7 percent).

Over the year, the index for all items less food and energy increased 3.3 percent. Components contributing to the increase included other goods and services (7.5 percent) and shelter (4.0 percent). Partly offsetting the increases were price declines in apparel (-2.9 percent) and household furnishings and operations (-0.7 percent).

Table A. San Francisco-Oakland-San Jose CPI-U bi-monthly and annual percent changes (not seasonally adjusted)
Month201320142015201620172018
Bi-monthlyAnnualBi-monthlyAnnualBi-monthlyAnnualBi-monthlyAnnualBi-monthlyAnnualBi-monthlyAnnual

February

1.32.41.22.41.02.50.93.00.83.4 1.43.6

April

0.82.41.22.81.12.40.72.71.13.8  

June

0.52.60.73.00.62.30.62.70.33.5  

August

0.12.00.03.00.32.60.73.10.23.0  

October

0.21.60.53.20.42.60.93.60.62.7  

December

-0.42.6-0.92.7-0.33.2-0.33.5-0.12.9  

The April 2018 Consumer Price Index for the San Francisco-Oakland-Hayward is scheduled to be released on May 10, 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, the index for this area was renamed. 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 San Francisco-Oakland-Hayward, CA. metropolitan area covered in this release is comprised of Alameda, Contra Costa, Marin, San Francisco, San Mateo 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

San Francisco-Oakland-Hayward, CA (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

277.414-281.3083.61.4-

All items (1967=100)

852.847-864.818---

Food and beverages

269.334-273.7942.41.7-

Food

268.585-273.1962.21.7-

Food at home

247.770249.327252.1551.11.81.1

Cereals and bakery products

253.562-257.289-1.5-

Meats, poultry, fish, and eggs

247.652-248.194-0.2-

Dairy and related products

262.942-266.693-1.4-

Fruits and vegetables

326.032-332.725-2.1-

Nonalcoholic beverages and beverage materials(1)

192.294-206.068-7.2-

Other food at home

217.927-220.581-1.2-

Food away from home

293.807-298.7143.41.7-

Food away from home

293.807-298.7143.41.7-

Alcoholic beverages

283.547-286.8645.01.2-

Housing

329.209-331.7793.70.8-

Shelter

376.805377.833379.3304.00.70.4

Rent of primary residence(2)

428.426430.328430.9294.40.60.1

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

407.106408.222408.8603.70.40.2

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

407.106408.222408.8603.70.40.2

Fuels and utilities

383.189-389.4615.71.6-

Household energy

335.450337.692339.4875.71.20.5

Energy services(2)

336.303338.508340.4665.81.20.6

Electricity(2)

360.984362.520362.5208.30.40.0

Utility (piped) gas service(2)

271.067274.779281.2490.73.82.4

Household furnishings and operations

133.198-135.132-0.71.5-

Apparel

108.950-113.616-2.94.3-

Transportation

192.875-200.2836.53.8-

Private transportation

186.031-192.9227.83.7-

New and used motor vehicles(4)

94.942-96.158-1.3-

New vehicles(1)

160.147-160.274-0.1-

Used cars and trucks(1)

247.409-250.728-1.3-

Motor fuel

232.445239.938248.95817.17.13.8

Gasoline (all types)

231.382238.923247.99117.17.23.8

Gasoline, unleaded regular(4)

231.610239.122248.18317.37.23.8

Gasoline, unleaded midgrade(4)(5)

216.030222.159231.38017.37.14.2

Gasoline, unleaded premium(4)

218.605226.106234.61416.17.33.8

Motor vehicle insurance(1)

469.808-497.755-5.9-

Medical care

493.055-500.4343.01.5-

Recreation(6)

115.919-115.9102.40.0-

Education and communication(6)

141.735-142.9441.70.9-

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

1,625.989-1,650.322-1.5-

Other goods and services

463.343-473.1977.52.1-

Commodity and service group

All items

277.414-281.3083.61.4-

Commodities

183.580-187.1622.52.0-

Commodities less food & beverages

137.404-140.4632.62.2-

Nondurables less food & beverages

179.301-186.0165.73.7-

Durables

96.880-96.637-2.4-0.3-

Services

355.532-359.7094.01.2-

Special aggregate indexes

All items less medical care

268.606-272.3583.61.4-

All items less shelter

236.108-240.7423.22.0-

Commodities less food

143.497-146.5492.82.1-

Nondurables

225.547-231.1653.82.5-

Nondurables less food

187.088-193.4035.63.4-

Services less rent of shelter(3)

343.863-350.6064.02.0-

Services less medical care services

347.179-351.1964.11.2-

Energy

273.718279.790286.80912.24.82.5

All items less energy

280.952-284.4533.21.2-

All items less food and energy

283.677-287.0093.31.2-

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