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News Release Information

24-1158-SAN
Wednesday, June 12, 2024

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

Consumer Price Index, Riverside Area — May 2024

Area prices were up 0.6 percent over the past two months, up 4.0 percent from a year ago

Prices in the Riverside area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.6 percent for the two months ending in May 2024, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the May increase was influenced by higher prices for shelter and gasoline. (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 4.0 percent. (See chart 1 and table A.) Food prices rose 2.8 percent. Energy prices advanced 5.8 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy rose 4.1 percent over the year. (See table 1.)

Food

Food prices rose 1.3 percent for the two months ending in May. (See table 1.) Prices for food at home increased 1.2 percent, with higher prices in four of the six grocery categories. Prices for food away from home increased 1.3 percent for the same period.

Over the year, food prices rose 2.8 percent. Prices for food at home increased 0.6 percent since a year ago, led by higher prices for meats, poultry, fish, and eggs (4.1 percent). Prices for food away from home increased 5.7 percent.

Energy

The energy index advanced 1.6 percent for the two months ending in May. The increase was mainly due to higher prices for gasoline (5.0 percent). Prices for natural gas service fell 8.3 percent, and prices for electricity declined 2.0 percent for the same period.

Energy prices advanced 5.8 percent over the year, largely due to higher prices for gasoline (6.9 percent). Prices paid for electricity increased 9.0 percent, while prices for natural gas service declined 10.0 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.4 percent in the latest two-month period. Higher prices for medical care (1.7 percent) and shelter (0.7 percent) were partially offset by lower prices for apparel (-2.6 percent) and recreation (-2.0 percent).

Over the year, the index for all items less food and energy advanced 4.1 percent. Components contributing to the increase included shelter (7.4 percent) and medical care (7.3 percent). Partly offsetting the increases were price decreases in household furnishings and operations (-6.5 percent) and new and used motor vehicles (-4.0 percent).

Table A. Riverside-San Bernardino-Ontario, CA, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month20202021202220232024
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

January

0.53.00.92.21.58.61.37.30.02.9

March

0.02.31.33.62.710.00.04.61.44.3

May

-0.20.92.05.91.49.40.83.90.64.0

July

0.71.71.36.51.19.20.63.4

September

0.51.70.86.80.08.41.44.9

November

0.41.91.47.90.67.50.04.3

The July 2024 Consumer Price Index for the Riverside area is scheduled to be released on August 14, 2024.


Technical Note

The Consumer Price Index (CPI) is a measures 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 Riverside-San Bernardino-Ontario, CA metropolitan area includes Riverside and San Bernardino Counties in 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

Riverside-San Bernardino-Ontario (December 2017=100 unless otherwise noted)
Item and Group

IndexesPercent change from-
Historical
data
Mar.
2024
Apr.
2024
May
2024
May
2023
Mar.
2024
Apr.
2024

Expenditure category

All items

Go to web page with historical data for series CUURS49CSA0
133.144-133.9434.00.6-

Food and beverages

Go to web page with historical data for series CUURS49CSAF
134.572-136.1102.51.1-

Food

Go to web page with historical data for series CUURS49CSAF1
135.797-137.5392.81.3-

Food at home

Go to web page with historical data for series CUURS49CSAF11
130.972131.352132.5970.61.20.9

Cereals and bakery products

Go to web page with historical data for series CUURS49CSAF111
151.710152.711151.2390.7-0.3-1.0

Meats, poultry, fish, and eggs

Go to web page with historical data for series CUURS49CSAF112
133.675133.487137.4144.12.82.9

Dairy and related products

Go to web page with historical data for series CUURS49CSEFJ
110.810114.168117.146-0.25.72.6

Fruits and vegetables

Go to web page with historical data for series CUURS49CSAF113
126.355130.108132.3820.14.81.7

Nonalcoholic beverages and beverage materials

Go to web page with historical data for series CUURS49CSAF114
135.187130.188128.7920.2-4.7-1.1

Other food at home

Go to web page with historical data for series CUURS49CSAF115
125.873125.595125.967-1.70.10.3

Food away from home

Go to web page with historical data for series CUURS49CSEFV
143.003-144.9125.71.3-

Alcoholic beverages

Go to web page with historical data for series CUURS49CSAF116
111.830-109.952-2.0-1.7-

Housing

Go to web page with historical data for series CUURS49CSAH
139.682-140.2165.40.4-

Shelter

Go to web page with historical data for series CUURS49CSAH1
139.058139.573140.0207.40.70.3

Rent of primary residence

Go to web page with historical data for series CUURS49CSEHA
143.807144.379144.7245.70.60.2

Owners' equiv. rent of residences

Go to web page with historical data for series CUURS49CSEHC
138.189138.996139.5578.21.00.4

Owners' equiv. rent of primary residence

Go to web page with historical data for series CUURS49CSEHC01
138.189138.996139.5578.21.00.4

Fuels and utilities

Go to web page with historical data for series CUURS49CSAH2
165.092-161.5255.1-2.2-

Household energy

Go to web page with historical data for series CUURS49CSAH21
178.023170.905172.4964.8-3.10.9

Energy services

Go to web page with historical data for series CUURS49CSEHF
179.606172.403174.0485.0-3.11.0

Electricity

Go to web page with historical data for series CUURS49CSEHF01
189.156186.287185.3219.0-2.0-0.5

Utility (piped) gas service

Go to web page with historical data for series CUURS49CSEHF02
150.015125.888137.624-10.0-8.39.3

Household furnishings and operations

Go to web page with historical data for series CUURS49CSAH3
118.505-119.219-6.50.6-

Apparel

Go to web page with historical data for series CUURS49CSAA
113.242-110.325-5.5-2.6-

Transportation

Go to web page with historical data for series CUURS49CSAT
139.741-141.8705.71.5-

Private transportation

Go to web page with historical data for series CUURS49CSAT1
142.395-144.3185.91.4-

New and used motor vehicles

Go to web page with historical data for series CUURS49CSETA
115.982-116.427-4.00.4-

New vehicles

Go to web page with historical data for series CUURS49CSETA01
114.308-113.916-4.0-0.3-

Used cars and trucks

Go to web page with historical data for series CUURS49CSETA02
131.768-132.592-8.80.6-

Motor fuel

Go to web page with historical data for series CUURS49CSETB
159.812171.965167.3866.44.7-2.7

Gasoline (all types)

Go to web page with historical data for series CUURS49CSETB01
160.072172.675168.0626.95.0-2.7

Gasoline, unleaded regular(1)

Go to web page with historical data for series CUURS49CSS47014
160.667173.475168.6836.95.0-2.8

Gasoline, unleaded midgrade(1)

Go to web page with historical data for series CUURS49CSS47015
160.426172.705168.4596.85.0-2.5

Gasoline, unleaded premium(1)

Go to web page with historical data for series CUURS49CSS47016
157.043168.867164.8946.85.0-2.4

Medical care

Go to web page with historical data for series CUURS49CSAM
127.704-129.8447.31.7-

Recreation

Go to web page with historical data for series CUURS49CSAR
113.724-111.457-0.5-2.0-

Education and communication

Go to web page with historical data for series CUURS49CSAE
110.562-110.4381.2-0.1-

Tuition, other school fees, and child care

Go to web page with historical data for series CUURS49CSEEB
129.119-129.4392.80.2-

Other goods and services

Go to web page with historical data for series CUURS49CSAG
125.499-127.5411.01.6-

Commodity and service group

All items

Go to web page with historical data for series CUURS49CSA0
133.144-133.9434.00.6-

Commodities

Go to web page with historical data for series CUURS49CSAC
126.329-127.732-0.31.1-

Commodities less food & beverages

Go to web page with historical data for series CUURS49CSACL11
122.070-123.399-1.71.1-

Nondurables less food & beverages

Go to web page with historical data for series CUURS49CSANL11
131.823-134.8332.22.3-

Durables

Go to web page with historical data for series CUURS49CSAD
111.816-111.302-6.3-0.5-

Services

Go to web page with historical data for series CUURS49CSAS
138.023-138.4447.00.3-

Special aggregate indexes

All items less medical care

Go to web page with historical data for series CUURS49CSA0L5
133.537-134.2473.80.5-

All items less shelter

Go to web page with historical data for series CUURS49CSA0L2
130.101-130.8152.20.5-

Commodities less food

Go to web page with historical data for series CUURS49CSACL1
121.711-122.931-1.81.0-

Nondurables

Go to web page with historical data for series CUURS49CSAN
133.150-135.3582.31.7-

Nondurables less food

Go to web page with historical data for series CUURS49CSANL1
130.679-133.3821.92.1-

Services less rent of shelter

Go to web page with historical data for series CUURS49CSASL2RS
136.099-135.8356.4-0.2-

Services less medical care services

Go to web page with historical data for series CUURS49CSASL5
138.922-139.3587.30.3-

Energy

Go to web page with historical data for series CUURS49CSA0E
167.262172.176169.9125.81.6-1.3

All items less energy

Go to web page with historical data for series CUURS49CSA0LE
130.228-130.8963.90.5-

All items less food and energy

Go to web page with historical data for series CUURS49CSA0L1E
129.366-129.8484.10.4-

Footnotes
(1) Special index based on a substantially smaller sample.

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

 

Last Modified Date: Wednesday, June 12, 2024