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18-1836-SAN
Wednesday, November 14, 2018

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Consumer Price Index, Los Angeles area — October 2018

Area prices were up 0.5 percent over the past month, up 4.1 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.5 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 gasoline 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 rose 4.1 percent. (See chart 1 and table A.) Energy prices jumped 17.6 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy increased 3.5 percent over the year. (See table 1.)

Food

Food prices rose 0.4 percent for the month of October. (See table 1.) Prices for food at home increased 0.5 percent, and prices for food away from home crept up 0.2 percent for the same period.

Over the year, food prices advanced 1.6 percent. Prices for food away from home advanced 3.0 percent since a year ago, while prices for food at home were virtually unchanged.

Energy

The energy index advanced 4.3 percent over the month. The increase was mainly due to higher prices for gasoline (4.6 percent). Prices for electricity advanced 8.3 percent, but prices for natural gas service decreased 6.5 percent for the same period.

Energy prices jumped 17.6 percent over the year, largely due to higher prices for gasoline (26.3 percent). Prices paid for electricity advanced 4.9 percent, and prices for natural gas service rose 0.4 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.3 percent in October. Higher prices for household furnishings and operations (1.9 percent), apparel (0.8 percent), medical care (0.7 percent), and recreation (0.7 percent) were partially offset by lower prices for education and communication (-0.4 percent).

Over the year, the index for all items less food and energy increased 3.5 percent. Components contributing to the increase included shelter (4.8 percent), household furnishings and operations (4.2 percent), and education and communication (2.5 percent). Partly offsetting the increases were price declines in medical care (-0.7 percent) and recreation (-0.1 percent).

Table A. Los Angeles-Long Beach-Anaheim CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2013 2014 2015 2016 2017 2018
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.8 2.0 0.5 0.8 -0.3 -0.1 0.7 3.1 0.9 2.1 0.8 3.5

February

0.7 2.2 0.5 0.5 0.7 0.1 0.0 2.4 0.6 2.7  0.7  3.6

March

0.1 1.3 0.6 1.0 1.0 0.5 0.3 1.7 0.3 2.7  0.4  3.8

April

-0.4 0.9 0.0 1.4 -0.1 0.5 0.2 2.0 0.2 2.7  0.4 4.0

May

0.1 1.0 0.4 1.7 1.0 1.1 0.5 1.4 0.3 2.5  0.4  4.1

June

-0.1 1.4 0.1 1.8 -0.3 0.8 0.1 1.8 -0.2 2.2  -0.2 4.0

July

-0.1 1.3 0.1 2.0 0.7 1.4 0.0 1.1 0.3 2.5  0.2  3.9

August

0.1 0.8 -0.1 1.8 -0.3 1.1 0.0 1.4 0.3 2.8  0.2 3.9

September

0.2 0.6 0.0 1.7 -0.4 0.7 0.2 1.9 0.4 3.1  0.5  3.9

October

0.1 -0.1 -0.1 1.4 0.2 1.0 0.4 2.2 0.4 3.1  0.5  4.1

November

-0.5 0.4 -0.7 1.3 0.0 1.6 -0.4 1.8 0.1 3.6    

December

0.0 1.1 -0.5 0.7 -0.1 2.0 0.0 2.0 0.0 3.6    

The November 2018 Consumer Price Index for the Los Angeles-Long Beach-Anaheim area is scheduled to be released on December 12, 2018.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS introduced a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, Los Angeles and Riverside have separate indexes. Additional information on the geographic revision is available at: www.bls.gov/cpi/additional-resources/geographic-revision-2018.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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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 75 urban areas across the country from about 5,000 housing units and approximately 22,000 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-Long Beach-Anaheim. metropolitan area covered in this release is comprised of Los Angeles and Orange 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-Long Beach-Anaheim (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Aug.
2018
Sep.
2018
Oct.
2018
Oct.
2017
Aug.
2018
Sep.
2018

Expenditure category

All items

266.665 268.032 269.482 4.1 1.1 0.5

All items (1967=100)

787.846 791.885 796.171 - - -

Food and beverages

259.946 259.086 259.845 1.5 0.0 0.3

Food

260.378 259.224 260.141 1.6 -0.1 0.4

Food at home

254.722 252.074 253.400 0.1 -0.5 0.5

Cereals and bakery products

261.956 258.513 263.985 - 0.8 2.1

Meats, poultry, fish, and eggs

280.619 275.440 275.054 - -2.0 -0.1

Dairy and related products

241.160 236.652 238.808 - -1.0 0.9

Fruits and vegetables

341.279 342.875 337.874 - -1.0 -1.5

Nonalcoholic beverages and beverage materials(1)

265.345 258.852 263.469 - -0.7 1.8

Other food at home

196.676 196.376 199.013 - 1.2 1.3

Food away from home

262.795 263.212 263.691 3.0 0.3 0.2

Food away from home

262.795 263.212 263.691 3.0 0.3 0.2

Alcoholic beverages

238.324 241.451 240.045 0.6 0.7 -0.6

Housing

303.851 305.084 306.063 4.7 0.7 0.3

Shelter

349.244 351.857 351.784 4.8 0.7 0.0

Rent of primary residence(2)

367.350 368.921 370.737 4.9 0.9 0.5

Owners' equiv. rent of residences(2)(3)

362.709 364.493 365.443 5.1 0.8 0.3

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

362.689 364.472 365.422 5.1 0.8 0.3

Fuels and utilities

338.180 318.091 326.495 4.7 -3.5 2.6

Household energy

295.766 270.285 280.866 3.9 -5.0 3.9

Energy services(2)

294.652 269.007 279.592 3.9 -5.1 3.9

Electricity(2)

316.423 296.112 320.656 4.9 1.3 8.3

Utility (piped) gas service(2)

288.393 248.728 232.536 0.4 -19.4 -6.5

Household furnishings and operations

115.982 118.629 120.942 4.2 4.3 1.9

Apparel

107.594 111.272 112.145 3.7 4.2 0.8

Transportation

213.054 213.810 217.768 9.0 2.2 1.9

Private transportation

210.297 211.703 215.172 9.9 2.3 1.6

New and used motor vehicles(4)

92.075 90.508 90.874 - -1.3 0.4

New vehicles(1)

168.744 167.570 167.896 - -0.5 0.2

Used cars and trucks(1)

272.547 261.108 263.185 - -3.4 0.8

Motor fuel

279.252 284.090 297.004 26.3 6.4 4.5

Gasoline (all types)

272.792 277.522 290.160 26.3 6.4 4.6

Gasoline, unleaded regular(4)

273.460 278.264 291.076 26.6 6.4 4.6

Gasoline, unleaded midgrade(4)(5)

261.950 266.288 278.089 25.2 6.2 4.4

Gasoline, unleaded premium(4)

259.618 263.818 275.134 24.6 6.0 4.3

Motor vehicle insurance(1)

758.909 782.725 782.657 - 3.1 0.0

Medical care

468.339 469.547 472.920 -0.7 1.0 0.7

Recreation(6)

106.369 107.373 108.158 -0.1 1.7 0.7

Education and communication(6)

146.413 148.874 148.240 2.5 1.2 -0.4

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

1,850.794 1,907.451 1,908.743 - 3.1 0.1

Other goods and services

427.913 430.392 430.469 3.7 0.6 0.0

Commodity and service group

All items

266.665 268.032 269.482 4.1 1.1 0.5

Commodities

181.490 182.161 184.328 4.0 1.6 1.2

Commodities less food & beverages

140.178 141.385 143.946 5.8 2.7 1.8

Nondurables less food & beverages

191.489 194.276 198.329 10.1 3.6 2.1

Durables

90.777 90.609 91.804 -1.1 1.1 1.3

Services

342.481 344.466 345.289 4.1 0.8 0.2

Special aggregate indexes

All items less medical care

257.804 259.171 260.542 4.4 1.1 0.5

All items less shelter

230.417 231.225 233.375 3.6 1.3 0.9

Commodities less food

144.508 145.780 148.270 5.6 2.6 1.7

Nondurables

227.307 228.489 231.127 5.5 1.7 1.2

Nondurables less food

196.654 199.497 203.309 9.4 3.4 1.9

Services less rent of shelter(3)

342.052 343.165 345.308 3.2 1.0 0.6

Services less medical care services

331.367 333.230 333.958 4.6 0.8 0.2

Energy

287.009 281.307 293.500 17.6 2.3 4.3

All items less energy

267.425 269.273 270.021 3.2 1.0 0.3

All items less food and energy

268.939 271.259 271.982 3.5 1.1 0.3

Footnotes
(1) Indexes on a December 1977=100 base.
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Indexes on a December 1982=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) 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 14, 2018