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News Release Information

24-2134-SAN
Thursday, October 10, 2024

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

Consumer Price Index, Honolulu Area — September 2024

Area prices were up 0.7 percent over the past two months, up 4.2 percent from a year ago

Prices in the Honolulu area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.7 percent for the two months ending in September 2024, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the September increase was influenced by higher prices for shelter and food. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U rose 4.2 percent. (See chart 1 and table A.) Food prices advanced 3.6 percent. Energy prices declined 3.0 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 4.9 percent over the year. (See table 1.)

Food

Food prices advanced 1.3 percent for the two months ending in September. (See table 1.) Prices for food at home increased 1.6 percent, led by cereals and bakery products (5.5 percent). Overall, prices rose in five of the six grocery categories. Prices for food away from home rose 1.0 percent for the same period.

Over the year, food prices advanced 3.6 percent. Prices for food at home advanced 2.7 percent since a year ago. Overall, prices rose in all six grocery categories. Prices for food away from home rose 4.8 percent.

Energy

The energy index fell 0.8 percent for the two months ending in September. The decrease was mainly due to lower prices for gasoline (-1.2 percent). Prices for natural gas service decreased 4.6 percent, while prices for electricity were unchanged for the same period.

Energy prices declined 3.0 percent over the year, largely due to lower prices for gasoline (-4.8 percent). Prices paid for natural gas service decreased 20.9 percent, while prices for electricity increased 0.1 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 the latest two-month period. Higher prices for apparel (4.1 percent) and shelter (0.6 percent) were partially offset by lower prices for new and used motor vehicles (-0.5 percent) and household furnishings and operations (-0.5 percent).

Over the year, the index for all items less food and energy increased 4.9 percent. Components contributing to the increase included apparel (7.8 percent) and shelter (7.7 percent). Partly offsetting the increase was a price decrease in new and used motor vehicles (-3.8 percent).

Table A. Urban Hawaii CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
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

January

0.5 1.7 0.3 1.4 0.9 6.0 0.3 5.2 0.5 3.9

March

0.6 1.8 0.9 1.8 2.4 7.5 0.6 3.3 1.5 4.8

May

0.2 1.3 2.1 3.8 1.6 7.0 0.3 2.0 0.7 5.2

July

0.0 1.3 0.8 4.6 0.6 6.8 0.7 2.1 0.0 4.5

September

0.6 1.9 1.0 5.0 0.8 6.6 0.9 2.2 0.7 4.2

November

-0.2 1.6 0.1 5.4 -0.6 5.8 0.8 3.6

The November 2024 Consumer Price Index for the Honolulu area is scheduled to be released on December 11, 2024.


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 Consumer Price Index for Urban Hawaii 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 Urban Hawaii Core Based Statistical Area includes Honolulu County in the State of Hawaii.

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.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Urban Hawaii (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Historical
data
Jul.
2024
Aug.
2024
Sep.
2024
Sep.
2023
Jul.
2024
Aug.
2024

Expenditure category

All items

340.439 - 342.676 4.2 0.7 -

All items (1967=100)

937.220 - 943.379 - - -

Food and beverages

365.738 - 370.540 3.7 1.3 -

Food

369.599 - 374.553 3.6 1.3 -

Food at home

348.854 352.327 354.572 2.7 1.6 0.6

Cereals and bakery products

387.528 395.136 408.870 0.2 5.5 3.5

Meats, poultry, fish, and eggs

327.926 330.655 335.918 3.0 2.4 1.6

Dairy and related products

287.389 289.365 289.683 1.4 0.8 0.1

Fruits and vegetables

402.932 408.777 410.297 1.5 1.8 0.4

Nonalcoholic beverages and beverage materials(1)

423.223 424.593 436.678 6.5 3.2 2.8

Other food at home

358.253 360.760 353.556 3.6 -1.3 -2.0

Food away from home

388.822 - 392.532 4.8 1.0 -

Alcoholic beverages

304.056 - 305.331 6.6 0.4 -

Housing

373.200 - 375.246 6.6 0.5 -

Shelter

407.336 408.836 409.854 7.7 0.6 0.2

Rent of primary residence(2)

411.304 409.983 411.309 9.9 0.0 0.3

Owners' equiv. rent of residences(2)

418.640 419.223 420.308 6.5 0.4 0.3

Owners' equiv. rent of primary residence(2)

418.640 419.223 420.308 6.5 0.4 0.3

Fuels and utilities

460.339 - 463.563 1.0 0.7 -

Household energy

386.306 390.556 384.955 -1.4 -0.3 -1.4

Energy services

379.624 383.991 378.424 -1.3 -0.3 -1.4

Electricity

378.153 381.961 378.083 0.1 0.0 -1.0

Utility (piped) gas service

335.518 346.241 320.230 -20.9 -4.6 -7.5

Household furnishings and operations

169.654 - 168.854 1.2 -0.5 -

Apparel

130.270 - 135.559 7.8 4.1 -

Transportation

270.587 - 272.769 1.0 0.8 -

Private transportation

275.637 - 277.075 -1.2 0.5 -

New and used motor vehicles(3)

121.619 - 121.012 -3.8 -0.5 -

New vehicles(1)

185.271 - 186.261 -2.4 0.5 -

Used cars and trucks(1)

309.902 - 307.235 -4.5 -0.9 -

Motor fuel

361.580 359.383 357.303 -4.7 -1.2 -0.6

Gasoline (all types)

371.145 368.873 366.721 -4.8 -1.2 -0.6

Gasoline, unleaded regular(4)

384.788 382.317 379.925 -5.0 -1.3 -0.6

Gasoline, unleaded midgrade(4)(5)

310.166 308.809 307.383 -3.7 -0.9 -0.5

Gasoline, unleaded premium(4)

349.671 347.873 346.354 -3.9 -0.9 -0.4

Medical care

- - - - - -

Recreation(3)

154.423 - 156.191 3.7 1.1 -

Education and communication(3)

155.467 - 155.141 -0.9 -0.2 -

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

2,047.018 - 2,058.264 2.5 0.5 -

Other goods and services

607.979 - 613.867 -1.3 1.0 -

Commodity and service group

All items

340.439 - 342.676 4.2 0.7 -

Commodities

252.681 - 253.501 0.5 0.3 -

Commodities less food & beverages

186.094 - 184.945 -2.2 -0.6 -

Nondurables less food & beverages

248.275 - 247.389 0.2 -0.4 -

Durables

125.303 - 124.189 -4.6 -0.9 -

Services

417.092 - 420.547 6.1 0.8 -

Special aggregate indexes

All items less medical care

331.095 - 333.692 4.5 0.8 -

All items less shelter

310.905 - 313.034 1.7 0.7 -

Commodities less food

190.495 - 189.373 -2.0 -0.6 -

Nondurables

309.123 - 311.382 2.3 0.7 -

Nondurables less food

251.647 - 250.852 0.5 -0.3 -

Services less rent of shelter(2)

423.764 - 428.834 3.4 1.2 -

Services less medical care services

408.644 - 412.126 6.7 0.9 -

Energy

372.839 373.398 369.807 -3.0 -0.8 -1.0

All items less energy

340.603 - 343.151 4.7 0.7 -

All items less food and energy

337.532 - 339.644 4.9 0.6 -

Footnotes
(1) Indexes on a December 1977=100 base.
(2) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.

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

 

Last Modified Date: Thursday, October 10, 2024