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Wednesday, November 13, 2024
Prices in the Seattle area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.3 percent for the two months ending in October 2024, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the October increase was influenced by higher prices for food and recreation. (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 3.0 percent. (See chart 1 and table A.) Food prices rose 2.1 percent. Energy prices declined 8.6 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy advanced 3.8 percent over the year. (See table 1.)
FoodFood prices increased 1.6 percent for the two months ending in October. (See table 1.) Prices for food at home advanced 2.4 percent, led by higher prices for cereals and bakery products (5.3 percent) and meats, poultry, fish, and eggs (4.6 percent). Overall, prices rose in all six grocery categories. Prices for food away from home advanced 0.3 percent for the same period.
Over the year, food prices rose 2.1 percent. Prices for food at home advanced 1.7 percent since a year ago, led by higher prices for cereals and bakery products (6.5 percent) and meats, poultry, fish, and eggs (4.0 percent). Prices for food away from home rose 2.8 percen.
EnergyThe energy index declined 3.4 percent for the two months ending in October. The decrease was mainly due to lower prices for gasoline (-3.3 percent). Prices for natural gas service fell 14.2 percent, while prices for electricity were unchanged for the same period.
Energy prices declined 8.6 percent over the year, largely due to lower prices for gasoline (-15.8 percent). Prices paid for natural gas service fell 9.5 percent, while prices for electricity advanced 9.7 percent during the past year.
All items less food and energyThe index for all items less food and energy increased 0.4 percent in the latest two-month period. Higher prices for recreation (1.8 percent) and medical care (1.1 percent) were partially offset by lower prices for apparel (-6.3 percent).
Over the year, the index for all items less food and energy advanced 3.8 percent. Components contributing to the increase included medical care (7.8 percent) and shelter (4.7 percent). Partly offsetting the increases were price decreases in apparel (-5.0 percent) and education and communication (-1.3 percent).
Month | 2020 | 2021 | 2022 | 2023 | 2024 | |||||
---|---|---|---|---|---|---|---|---|---|---|
2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | |
February | 1.0 | 2.5 | 1.2 | 1.7 | 1.7 | 8.1 | 1.4 | 8.0 | 1.2 | 4.3 |
April | -0.6 | 1.3 | 1.1 | 3.4 | 2.1 | 9.1 | 1.0 | 6.9 | 1.2 | 4.4 |
June | 0.2 | 0.9 | 2.2 | 5.5 | 3.2 | 10.1 | 1.0 | 4.6 | 0.4 | 3.8 |
August | 1.4 | 1.6 | 1.1 | 5.2 | 0.0 | 9.0 | 0.8 | 5.4 | 0.1 | 3.1 |
October | -0.1 | 2.1 | 1.1 | 6.5 | 1.0 | 8.9 | 0.4 | 4.8 | 0.3 | 3.0 |
December | -0.4 | 1.4 | 0.6 | 7.6 | 0.1 | 8.4 | -0.3 | 4.4 |
The December 2024 Consumer Price Index for the Seattle area is scheduled to be released on January 15, 2025.
With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued.
The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
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 Consumer Price Index for Seattle is published bi-monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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 Seattle-Tacoma-Bellevue, WA. metropolitan area covered in this release is comprised of King, Pierce, and Snohomish Counties in the State of Washington.
Refer to the national CPI news release technical note or the Handbook of Methods for more information.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.
Item and Group | Indexes | Percent change from- | |||||
---|---|---|---|---|---|---|---|
Historical data | Aug. 2024 | Sep. 2024 | Oct. 2024 | Oct. 2023 | Aug. 2024 | Sep. 2024 | |
Expenditure category | |||||||
All items | 355.179 | - | 356.212 | 3.0 | 0.3 | - | |
All items (1967=100) | 1,082.725 | - | 1,085.873 | - | - | - | |
Food and beverages | 362.555 | - | 367.439 | 2.3 | 1.3 | - | |
Food | 364.226 | - | 370.050 | 2.1 | 1.6 | - | |
Food at home | 320.908 | 321.074 | 328.586 | 1.7 | 2.4 | 2.3 | |
Cereals and bakery products | 393.075 | 398.678 | 413.889 | 6.5 | 5.3 | 3.8 | |
Meats, poultry, fish, and eggs | 286.234 | 288.787 | 299.384 | 4.0 | 4.6 | 3.7 | |
Dairy and related products | 290.133 | 285.764 | 291.407 | -1.0 | 0.4 | 2.0 | |
Fruits and vegetables | 492.555 | 487.398 | 503.193 | 1.4 | 2.2 | 3.2 | |
Nonalcoholic beverages and beverage materials(1) | 400.710 | 404.162 | 411.447 | -0.9 | 2.7 | 1.8 | |
Other food at home | 252.247 | 251.993 | 252.799 | 0.3 | 0.2 | 0.3 | |
Food away from home | 435.193 | - | 436.580 | 2.8 | 0.3 | - | |
Alcoholic beverages | 334.704 | - | 330.397 | 5.1 | -1.3 | - | |
Housing | 432.954 | - | 431.710 | 4.2 | -0.3 | - | |
Shelter | 499.076 | 501.282 | 498.783 | 4.7 | -0.1 | -0.5 | |
Rent of primary residence(2) | 500.302 | 501.349 | 501.383 | 4.5 | 0.2 | 0.0 | |
524.603 | 526.528 | 526.593 | 5.6 | 0.4 | 0.0 | ||
524.603 | 526.528 | 526.593 | 5.6 | 0.4 | 0.0 | ||
Fuels and utilities | 356.495 | - | 346.574 | 3.9 | -2.8 | - | |
Household energy | 323.765 | 322.062 | 312.005 | 3.3 | -3.6 | -3.1 | |
Energy services(2) | 382.547 | 380.828 | 368.351 | 3.9 | -3.7 | -3.3 | |
Electricity(2) | 397.626 | 397.626 | 397.513 | 9.7 | 0.0 | 0.0 | |
Utility (piped) gas service(2) | 258.682 | 254.204 | 221.929 | -9.5 | -14.2 | -12.7 | |
Household furnishings and operations | 227.585 | - | 226.629 | -0.8 | -0.4 | - | |
Apparel | 136.219 | - | 127.671 | -5.0 | -6.3 | - | |
Transportation | 296.001 | - | 301.066 | 0.7 | 1.7 | - | |
Private transportation | 316.235 | - | 314.891 | 0.2 | -0.4 | - | |
New and used motor vehicles(4) | 124.849 | - | 125.163 | 0.1 | 0.3 | - | |
New vehicles(1) | 224.993 | - | 224.447 | -0.3 | -0.2 | - | |
Used cars and trucks(1) | 399.902 | - | 403.716 | -5.3 | 1.0 | - | |
Motor fuel | 480.620 | 472.802 | 464.780 | -16.0 | -3.3 | -1.7 | |
Gasoline (all types) | 490.184 | 482.241 | 473.967 | -15.8 | -3.3 | -1.7 | |
Gasoline, unleaded regular(4) | 528.920 | 519.942 | 510.991 | -16.3 | -3.4 | -1.7 | |
392.508 | 386.580 | 379.292 | -15.2 | -3.4 | -1.9 | ||
Gasoline, unleaded premium(4) | 461.141 | 454.934 | 447.280 | -14.2 | -3.0 | -1.7 | |
Medical care | 481.489 | - | 486.697 | 7.8 | 1.1 | - | |
Recreation(6) | 122.355 | - | 124.557 | 2.0 | 1.8 | - | |
Education and communication(6) | - | - | 147.191 | -1.3 | - | - | |
Tuition, other school fees, and child care(1) | - | - | - | - | - | - | |
Other goods and services | 537.446 | - | 537.005 | 3.2 | -0.1 | - | |
Commodity and service group | |||||||
All items | 355.179 | - | 356.212 | 3.0 | 0.3 | - | |
Commodities | 242.711 | - | 241.264 | -2.5 | -0.6 | - | |
Commodities less food & beverages | 187.834 | - | 184.617 | -5.2 | -1.7 | - | |
Nondurables less food & beverages | 228.502 | - | 223.434 | -4.9 | -2.2 | - | |
Durables | 149.435 | - | 147.533 | -5.4 | -1.3 | - | |
Services | 459.875 | - | 463.106 | 5.9 | 0.7 | - | |
Special aggregate indexes | |||||||
All items less medical care | 349.824 | - | 350.626 | 2.7 | 0.2 | - | |
All items less shelter | 299.217 | - | 300.850 | 1.8 | 0.5 | - | |
Commodities less food | 193.225 | - | 189.955 | -4.7 | -1.7 | - | |
Nondurables | 292.911 | - | 292.186 | -0.9 | -0.2 | - | |
Nondurables less food | 237.178 | - | 232.133 | -4.0 | -2.1 | - | |
Services less rent of shelter(3) | 422.715 | - | 430.810 | 7.8 | 1.9 | - | |
Services less medical care services | 453.461 | - | 456.548 | 5.7 | 0.7 | - | |
Energy | 413.325 | 408.576 | 399.100 | -8.6 | -3.4 | -2.3 | |
All items less energy | 355.845 | - | 357.633 | 3.5 | 0.5 | - | |
All items less food and energy | 354.238 | - | 355.530 | 3.8 | 0.4 | - | |
Footnotes | |||||||
- Data not available |
Last Modified Date: Wednesday, November 13, 2024