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Friday, May 12, 2017

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Consumer Price Index, Los Angeles area — April 2017

Area prices were up 0.2 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), edged up 0.2 percent in April, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the April increase was influenced by higher prices for other goods and services 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 increased 2.7 percent. (See chart 1 and table A.) Energy prices rose 5.6 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy increased 2.7 percent over the year. (See table 1.)

Food

Food prices edged down 0.1 percent for the month of April. (See table 1.) Prices for food at home decreased 1.0 percent, but prices for food away from home advanced 0.9 percent for the same period.

Over the year, food prices rose 1.0 percent. Prices for food away from home increased 3.8 percent since a year ago, but prices for food at home decreased 1.2 percent

Energy

The energy index advanced 0.3 percent over the month. The increase was mainly due to higher prices for electricity (1.1 percent). Prices for natural gas service decreased 0.6 percent and prices for gasoline edged down 0.2 percent for the same period.

Energy prices rose 5.6 percent over the year, largely due to higher prices for gasoline (7.3 percent). Prices paid for natural gas service advanced 5.3 percent, and prices for electricity rose 2.4 percent during the past year.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent in April. Higher prices for other goods and services (5.2 percent) and recreation (0.8 percent) were partially offset by lower prices for apparel (-2.9 percent) and shelter (-0.1 percent).

Over the year, the index for all items less food and energy increased 2.7 percent. Components contributing to the increase included other goods and services (5.3 percent) and shelter (4.7 percent). Partly offsetting the increases were price declines in apparel (-4.1 percent) and education and communication (-2.7 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 0.3 2.7

April

0.0 1.5 -0.4 0.9 0.0 1.4 -0.1 0.5 0.2 2.0 0.2 2.7

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 May 2017 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released on June 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-
Feb.
2017
Mar.
2017
Apr.
2017
Apr.
2016
Feb.
2017
Mar.
2017

Expenditure category

 
 

All items

253.815 254.525 254.971 2.7 0.5 0.2

All items (1967=100)

749.881 751.980 753.297 - - -

Food and beverages

253.438 254.571 254.321 1.0 0.3 -0.1

Food

253.592 254.820 254.444 1.0 0.3 -0.1

Food at home

254.014 256.216 253.671 -1.2 -0.1 -1.0

Food away from home

249.263 249.274 251.573 3.8 0.9 0.9

Alcoholic beverages

236.171 235.876 237.450 0.6 0.5 0.7

Housing

285.754 285.975 286.168 4.3 0.1 0.1

Shelter

327.217 327.750 327.432 4.7 0.1 -0.1

Rent of primary residence(1)

342.343 343.624 344.279 5.1 0.6 0.2

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

338.967 339.317 340.072 4.7 0.3 0.2

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

338.948 339.298 340.053 4.7 0.3 0.2

Fuels and utilities

304.509 303.031 306.090 3.4 0.5 1.0

Household energy

262.666 260.921 263.247 3.1 0.2 0.9

Energy services(1)

261.069 259.884 261.715 3.0 0.2 0.7

Electricity(1)

301.917 302.157 305.458 2.4 1.2 1.1

Utility (piped) gas service(1)

212.696 208.109 206.940 5.3 -2.7 -0.6

Household furnishings and operations

116.737 116.522 117.355 1.4 0.5 0.7

Apparel

110.245 112.197 108.911 -4.1 -1.2 -2.9

Transportation

195.460 197.847 198.562 2.7 1.6 0.4

Private transportation

190.716 193.043 193.114 2.8 1.3 0.0

Motor fuel

227.233 233.940 233.584 7.4 2.8 -0.2

Gasoline (all types)

222.224 228.870 228.523 7.3 2.8 -0.2

Gasoline, unleaded regular(3)

222.491 229.217 228.867 7.3 2.9 -0.2

Gasoline, unleaded midgrade(3)(4)

213.229 219.494 219.006 7.6 2.7 -0.2

Gasoline, unleaded premium(3)

213.067 219.062 218.778 7.2 2.7 -0.1

Medical care

465.127 465.952 467.445 4.2 0.5 0.3

Recreation(5)

106.204 106.272 107.131 -0.2 0.9 0.8

Education and communication(5)

143.463 142.117 141.997 -2.7 -1.0 -0.1

Other goods and services

389.313 390.346 410.527 5.3 5.4 5.2
 

Commodity and service group

 
 

All items

253.815 254.525 254.971 2.7 0.5 0.2

Commodities

174.964 176.116 176.498 0.8 0.9 0.2

Commodities less food & beverages

134.087 135.189 135.808 0.6 1.3 0.5

Nondurables less food & beverages

175.166 177.662 178.728 2.3 2.0 0.6

Durables

93.819 93.543 93.721 -2.4 -0.1 0.2

Services

323.995 324.306 324.808 3.6 0.3 0.2
 

Special aggregate indexes

 
 

All items less medical care

244.649 245.352 245.756 2.5 0.5 0.2

All items less shelter

221.681 222.476 223.272 1.4 0.7 0.4

Commodities less food

138.443 139.522 140.174 0.6 1.3 0.5

Nondurables

215.103 217.027 217.511 1.6 1.1 0.2

Nondurables less food

180.865 183.253 184.361 2.1 1.9 0.6

Services less rent of shelter(2)

328.386 328.376 330.104 2.1 0.5 0.5

Services less medical care services

311.735 312.048 312.469 3.5 0.2 0.1

Energy

241.676 245.165 245.837 5.6 1.7 0.3

All items less energy

256.658 257.164 257.596 2.5 0.4 0.2

All items less food and energy

257.518 257.903 258.472 2.7 0.4 0.2

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: Friday, May 12, 2017