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17-1523-SAN
Wednesday, November 15, 2017

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Consumer Price Index, Los Angeles area — October 2017

Area prices were up 0.4 percent over the past month, up 3.1 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the October increase was influenced by higher prices for shelter and electricity. (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 3.1 percent, the second consecutive year over 3.1 percent increase. (See chart 1 and table A.) Energy prices advanced 3.4 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy advanced 3.3 percent over the year, up from 2.7 percent year over increase in August 2017. (See table 1.)

Food

Food prices declined 0.4 percent for the month of October. (See table 1.) Prices for food at home decreased 0.9 percent, but prices for food away from home advanced 0.3 percent for the same period.

Over the year, food prices advanced 1.7 percent. Prices for food away from home increased 4.6 percent since a year ago, but prices for food at home declined 0.6 percent.

Energy

The energy index declined 0.6 percent over the month. The decrease was mainly due to lower prices for gasoline (-3.3 percent). Prices for natural gas service decreased 1.4 percent, but prices for electricity increased 5.2 percent for the same period.

Energy prices advanced 3.4 percent over the year, largely due to higher prices for gasoline (8.8 percent). Prices paid for natural gas service decreased 6.4 percent, and prices for electricity decreased 2.5 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 October. Higher prices for apparel (1.7 percent) and shelter (0.8 percent) were partially offset by lower prices for other goods and services (-0.3 percent).

Over the year, the index for all items less food and energy advanced 3.3 percent. Components contributing to the increase included other goods and services (6.0 percent) and shelter (4.7 percent). Partly offsetting the increases were price declines in apparel (-3.3 percent) and household furnishings and operations (-0.1 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 0.3 2.5

June

-0.4 1.6 -0.1 1.4 0.1 1.8 -0.3 0.8 0.1 1.8 -0.2 2.2

July

-0.1 1.9 -0.1 1.3 0.1 2.0 0.7 1.4 0.0 1.1 0.3 2.5

August

0.6 2.3 0.1 0.8 -0.1 1.8 -0.3 1.1 0.0 1.4 0.3 2.8

September

0.4 2.2 0.2 0.6 0.0 1.7 -0.4 0.7 0.2 1.9 0.4 3.1

October

0.8 3.0 0.1 -0.1 -0.1 1.4 0.2 1.0 0.4 2.2 0.4 3.1

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 November 2017 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released on December 13, 2017.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, Los Angeles and Riverside will have separate indexes. The first indexes using the new structure will be published in February 2018. Additional information on the geographic revision is available at: www.bls.gov/cpi/georevision2018.htm.


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-
Aug.
2017
Sep.
2017
Oct.
2017
Oct.
2016
Aug.
2017
Sep.
2017

Expenditure category

 
 

All items

256.739 257.890 258.883 3.1 0.8 0.4

All items (1967=100)

758.521 761.921 764.857 - - -

Food and beverages

255.487 256.658 255.959 1.6 0.2 -0.3

Food

255.877 257.052 256.111 1.7 0.1 -0.4

Food at home

253.407 255.460 253.154 -0.6 -0.1 -0.9

Food away from home

255.075 255.150 255.903 4.6 0.3 0.3

Alcoholic beverages

234.701 235.761 238.576 0.3 1.7 1.2

Housing

289.452 289.765 292.390 3.8 1.0 0.9

Shelter

332.242 333.103 335.768 4.7 1.1 0.8

Rent of primary residence(1)

350.842 351.705 353.494 4.8 0.8 0.5

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

345.158 346.413 347.802 4.5 0.8 0.4

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

345.138 346.393 347.782 4.5 0.8 0.4

Fuels and utilities

305.732 305.195 311.873 -0.1 2.0 2.2

Household energy

262.274 261.575 270.310 -3.5 3.1 3.3

Energy services(1)

260.901 260.165 269.104 -3.6 3.1 3.4

Electricity(1)

290.631 290.669 305.746 -2.5 5.2 5.2

Utility (piped) gas service(1)

237.504 234.905 231.530 -6.4 -2.5 -1.4

Household furnishings and operations

116.584 115.323 116.083 -0.1 -0.4 0.7

Apparel

105.922 106.412 108.180 -3.3 2.1 1.7

Transportation

197.851 201.216 199.790 4.8 1.0 -0.7

Private transportation

194.299 197.983 195.800 5.2 0.8 -1.1

Motor fuel

230.041 242.911 235.084 8.9 2.2 -3.2

Gasoline (all types)

225.027 237.612 229.829 8.8 2.1 -3.3

Gasoline, unleaded regular(3)

225.207 238.002 229.964 8.8 2.1 -3.4

Gasoline, unleaded midgrade(3)(4)

216.434 228.143 222.150 9.1 2.6 -2.6

Gasoline, unleaded premium(3)

216.132 227.211 220.764 8.6 2.1 -2.8

Medical care

474.509 476.051 476.461 2.1 0.4 0.1

Recreation(5)

106.849 107.941 108.214 1.2 1.3 0.3

Education and communication(5)

143.587 144.088 144.561 1.8 0.7 0.3

Other goods and services

416.493 416.085 415.032 6.0 -0.4 -0.3
 

Commodity and service group

 
 

All items

256.739 257.890 258.883 3.1 0.8 0.4

Commodities

176.177 177.703 177.190 1.9 0.6 -0.3

Commodities less food & beverages

134.898 136.491 136.079 2.1 0.9 -0.3

Nondurables less food & beverages

177.558 181.027 180.167 3.7 1.5 -0.5

Durables

93.067 92.806 92.836 -0.8 -0.2 0.0

Services

328.448 329.259 331.604 3.7 1.0 0.7
 

Special aggregate indexes

 
 

All items less medical care

247.314 248.445 249.457 3.2 0.9 0.4

All items less shelter

223.663 224.951 225.188 2.1 0.7 0.1

Commodities less food

139.205 140.804 140.471 2.0 0.9 -0.2

Nondurables

217.391 219.879 219.074 2.5 0.8 -0.4

Nondurables less food

183.093 186.488 185.805 3.4 1.5 -0.4

Services less rent of shelter(2)

332.082 332.833 334.750 2.3 0.8 0.6

Services less medical care services

316.137 316.929 319.365 3.9 1.0 0.8

Energy

243.267 250.977 249.477 3.4 2.6 -0.6

All items less energy

259.705 260.370 261.559 3.1 0.7 0.5

All items less food and energy

260.698 261.277 262.829 3.3 0.8 0.6

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, November 15, 2017