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17-331-SAN
Wednesday, March 15, 2017

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Consumer Price Index, Los Angeles area — February 2017

Area prices were up 0.6 percent over the past month, up 2.7 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.6 percent in February, 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 advanced 2.7 percent. (See chart 1 and table A.) Energy prices jumped 10.7 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy increased 2.6 percent over the year. (See table 1.)

Food

Food prices edged up 0.1 percent for the month of February. (See table 1.) Prices for food away from home rose 0.9 percent, but prices for food at home decreased 0.4 percent for the same period.

Over the year, food prices inched down 0.1 percent. Prices for food at home declined 2.2 percent since a year ago, but prices for food away from home advanced 2.7 percent.

Energy

The energy index rose 2.2 percent over the month. The increase was mainly due to higher prices for gasoline (4.4 percent). Prices for electricity were unchanged, while prices for natural gas service decreased 2.8 percent in the same period.

Energy prices jumped 10.7 percent over the year, largely due to higher prices for gasoline (18.5 percent). Prices paid for natural gas service increased 4.0 percent, and prices for electricity advanced 0.4 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.5 percent in February. Higher prices for apparel (4.1 percent), education and communication (1.5 percent), and shelter (0.5 percent) were partially offset by lower prices for other goods and services (-1.2 percent) and household furnishings and operations (-0.3 percent).

Over the year, the index for all items less food and energy increased 2.6 percent. Components contributing to the increase included shelter (5.3 percent) and medical care (1.8 percent). Partly offsetting the increases were price declines in apparel (-5.6 percent) and recreation (-1.3 percent).

Table A. Los Angeles-Riverside-Orange County CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2012 2013 2014 2015 2016 2017
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.8 2.1 0.8 2.0 0.5 0.8 -0.3 -0.1 0.7 3.1 0.9 2.1

February

0.5 2.1 0.7 2.2 0.5 0.5 0.7 0.1 0.0 2.4 0.6 2.7

March

1.0 2.0 0.1 1.3 0.6 1.0 1.0 0.5 0.3 1.7    

April

0.0 1.5 -0.4 0.9 0.0 1.4 -0.1 0.5 0.2 2.0    

May

0.1 1.6 0.1 1.0 0.4 1.7 1.0 1.1 0.5 1.4    

June

-0.4 1.6 -0.1 1.4 0.1 1.8 -0.3 0.8 0.1 1.8    

July

-0.1 1.9 -0.1 1.3 0.1 2.0 0.7 1.4 0.0 1.1    

August

0.6 2.3 0.1 0.8 -0.1 1.8 -0.3 1.1 0.0 1.4    

September

0.4 2.2 0.2 0.6 0.0 1.7 -0.4 0.7 0.2 1.9    

October

0.8 3.0 0.1 -0.1 -0.1 1.4 0.2 1.0 0.4 2.2    

November

-1.0 2.1 -0.5 0.4 -0.7 1.3 0.0 1.6 -0.4 1.8    

December

-0.7 1.9 0.0 1.1 -0.5 0.7 -0.1 2.0 0.0 2.0    

The March 2017 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released April 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 Los Angeles-Riverside-Orange County, CA. metropolitan area covered in this release is comprised of Los Angeles, Orange, Riverside, San Bernardino, and Ventura 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

Los Angeles-Riverside-Orange County, CA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Dec.
2016
Jan.
2017
Feb.
2017
Feb.
2016
Dec.
2016
Jan.
2017

Expenditure category

 
 

All items

250.189 252.373 253.815 2.7 1.4 0.6

All items (1967=100)

739.171 745.623 749.881 - - -

Food and beverages

251.893 253.317 253.438 -0.1 0.6 0.0

Food

251.864 253.236 253.592 -0.1 0.7 0.1

Food at home

253.486 255.079 254.014 -2.2 0.2 -0.4

Food away from home

246.083 247.162 249.263 2.7 1.3 0.9

Alcoholic beverages

237.363 239.443 236.171 -0.4 -0.5 -1.4

Housing

282.416 284.696 285.754 4.7 1.2 0.4

Shelter

322.695 325.595 327.217 5.3 1.4 0.5

Rent of primary residence(1)

339.426 341.115 342.343 5.2 0.9 0.4

Owners' equiv. rent of residences(1)(2)

335.733 337.597 338.967 5.2 1.0 0.4

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

335.713 337.578 338.948 5.2 1.0 0.4

Fuels and utilities

306.812 304.962 304.509 2.9 -0.8 -0.1

Household energy

273.087 264.439 262.666 1.4 -3.8 -0.7

Energy services(1)

271.625 262.860 261.069 1.2 -3.9 -0.7

Electricity(1)

313.251 301.898 301.917 0.4 -3.6 0.0

Utility (piped) gas service(1)

223.261 218.858 212.696 4.0 -4.7 -2.8

Household furnishings and operations

115.531 117.101 116.737 0.5 1.0 -0.3

Apparel

103.972 105.915 110.245 -5.6 6.0 4.1

Transportation

188.577 192.435 195.460 5.3 3.6 1.6

Private transportation

184.208 187.851 190.716 5.8 3.5 1.5

Motor fuel

208.577 217.767 227.233 18.6 8.9 4.3

Gasoline (all types)

203.866 212.880 222.224 18.5 9.0 4.4

Gasoline, unleaded regular(3)

203.835 213.079 222.491 18.7 9.2 4.4

Gasoline, unleaded midgrade(3)(4)

197.041 203.958 213.229 17.6 8.2 4.5

Gasoline, unleaded premium(3)

196.659 204.484 213.067 18.0 8.3 4.2

Medical care

465.171 465.997 465.127 1.8 0.0 -0.2

Recreation(5)

104.464 106.123 106.204 -1.3 1.7 0.1

Education and communication(5)

141.694 141.298 143.463 -0.5 1.2 1.5

Other goods and services

393.012 393.872 389.313 -0.7 -0.9 -1.2
 

Commodity and service group

 
 

All items

250.189 252.373 253.815 2.7 1.4 0.6

Commodities

171.787 173.767 174.964 0.6 1.8 0.7

Commodities less food & beverages

130.408 132.514 134.087 1.2 2.8 1.2

Nondurables less food & beverages

168.690 171.514 175.166 3.0 3.8 2.1

Durables

92.900 94.301 93.819 -2.1 1.0 -0.5

Services

319.975 322.337 323.995 3.8 1.3 0.5
 

Special aggregate indexes

 
 

All items less medical care

240.899 243.126 244.649 2.8 1.6 0.6

All items less shelter

218.445 220.314 221.681 1.0 1.5 0.6

Commodities less food

134.846 136.977 138.443 1.1 2.7 1.1

Nondurables

210.754 212.996 215.103 1.3 2.1 1.0

Nondurables less food

174.689 177.515 180.865 2.8 3.5 1.9

Services less rent of shelter(2)

325.036 326.645 328.386 1.6 1.0 0.5

Services less medical care services

307.526 309.984 311.735 3.9 1.4 0.6

Energy

234.112 236.489 241.676 10.7 3.2 2.2

All items less energy

253.302 255.488 256.658 2.2 1.3 0.5

All items less food and energy

253.882 256.209 257.518 2.6 1.4 0.5

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) 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: Wednesday, March 15, 2017