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17-85-SAN
Wednesday, January 18, 2017

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Consumer Price Index, Honolulu – Second Half 2016

Area prices were up 0.9 percent over the past six months, up 1.5 percent from a year ago

Prices in the Honolulu Area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.9 percent in the second half of 2016, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that this latest six-month increase was influenced by higher prices for shelter and gasoline. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U rose 1.5 percent.  (See chart 1 and table A.) Energy prices declined 4.9 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 2.3 percent over the year. (See table 1.)

Food

Food prices decreased 0.3 percent in the second half of 2016. (See table 1.) Prices for food at home decreased 0.8 percent, but prices for food away from home rose 0.2 percent for the same period.

Over the year, food prices rose 0.5 percent. Prices for food away from home rose 2.3 percent, but prices for food at home declined 1.3 percent since a year ago.

Energy

The energy index increased 7.8 percent since the first half of 2016. The increase was mainly due to higher prices for gasoline (11.1 percent). Prices for electricity advanced 5.1 percent, and prices for natural gas service rose 3.4 percent in the same period.

Energy prices declined 4.9 percent over the year, largely due to lower prices for gasoline (-4.7 percent). Prices paid for natural gas service declined 10.1 percent, and prices for electricity decreased 4.6 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.9 percent in the latest six-month period. Higher prices for shelter (1.9 percent) and apparel (1.7 percent) were partially offset by lower prices for household furnishings and operations (1.5 percent).

Over the year, the index for all items less food and energy increased 2.3 percent. Components contributing to the increase included apparel (4.5 percent), shelter (3.7 percent), and medical care (2.2 percent). Partly offsetting the increases was a price decline in household furnishings and operations (-0.8 percent).

Table A. Honolulu CPI-U semi-annual and annual percent changes (not seasonally adjusted)
Month 2011 2012 2013 2014 2015 2016
Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual

First Half

2.5 3.5 1.3 2.8 1.2 1.8 0.5 1.1 -0.5 0.7 0.6 2.4

Second Half

1.4 4.0 0.7 2.0 0.6 1.7 1.3 1.8 1.8 1.3 0.9 1.5

The First Half of 2017 Consumer Price Index for the Honolulu is scheduled to be released on July 14, 2017.


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 89 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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 Honolulu metropolitan area covered in this release consists of Oahu County in the State of Hawaii.

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 for semiannual averages and percent changes for selected periods

Honolulu, HI (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2016 from-
2nd half
2015
1st half
2016
2nd half
2016
2nd half
2015
1st half
2016

Expenditure category

 
 

All items

262.482 264.038 266.528 1.5 0.9

All items (1967=100)

722.606 726.889 733.744 - -

Food and beverages

270.472 272.390 271.712 0.5 -0.2

Food

271.238 273.433 272.564 0.5 -0.3

Food at home

269.886 268.709 266.448 -1.3 -0.8

Food away from home

267.147 272.725 273.281 2.3 0.2

Alcoholic beverages

256.632 252.571 255.752 -0.3 1.3

Housing

277.714 281.079 286.052 3.0 1.8

Shelter

300.930 306.182 312.050 3.7 1.9

Rent of primary residence

297.479 301.642 305.525 2.7 1.3

Owners' equiv. rent of residences(1)

311.160 317.964 323.762 4.1 1.8

Owners' equiv. rent of primary residence(1)

311.160 317.964 323.762 4.1 1.8

Fuels and utilities

324.495 313.815 322.866 -0.5 2.9

Household energy

261.209 237.410 249.006 -4.7 4.9

Energy services

256.515 232.672 244.282 -4.8 5.0

Electricity

253.870 230.402 242.151 -4.6 5.1

Utility (piped) gas service

266.469 231.854 239.650 -10.1 3.4

Household furnishings and operations

148.742 149.881 147.588 -0.8 -1.5

Apparel

107.845 110.769 112.703 4.5 1.7

Transportation

216.223 210.717 212.573 -1.7 0.9

Private transportation

209.809 202.217 204.688 -2.4 1.2

Motor fuel

218.887 187.757 208.672 -4.7 11.1

Gasoline (all types)

224.543 192.577 214.041 -4.7 11.1

Gasoline, unleaded regular(2)

235.751 201.570 224.402 -4.8 11.3

Gasoline, unleaded midgrade(2)(3)

181.706 156.507 171.959 -5.4 9.9

Gasoline, unleaded premium(2)

201.210 174.319 192.393 -4.4 10.4

Medical care

392.998 399.192 401.624 2.2 0.6

Recreation(4)

123.261 124.456 125.288 1.6 0.7

Education and communication(4)

149.332 150.105 149.465 0.1 -0.4

Other goods and services

483.535 483.778 485.863 0.5 0.4
 

Commodity and service group

 
 

All Items

262.482 264.038 266.528 1.5 0.9

Commodities

197.922 196.818 197.708 -0.1 0.5

Commodities less food & beverages

153.371 150.579 152.497 -0.6 1.3

Nondurables less food & beverages

187.258 182.894 187.833 0.3 2.7

Durables

115.842 114.801 113.241 -2.2 -1.4

Services

318.437 322.420 326.461 2.5 1.3
 

Special aggregate indexes

 
 

All items less medical care

255.456 256.756 259.247 1.5 1.0

All items less shelter

245.976 245.813 246.799 0.3 0.4

Commodities less food

157.267 154.436 156.403 -0.5 1.3

Nondurables

230.541 229.453 231.292 0.3 0.8

Nondurables less food

191.521 187.200 192.057 0.3 2.6

Services less rent of shelter(1)

341.162 343.120 344.221 0.9 0.3

Services less medical care services

309.935 314.247 318.617 2.8 1.4

Energy

236.872 209.132 225.380 -4.9 7.8

All items less energy

265.692 269.023 270.761 1.9 0.6

All items less food and energy

266.178 269.809 272.237 2.3 0.9

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

- Data not available.
 

 

Last Modified Date: Wednesday, January 18, 2017