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News Release Information

24-1907-SAN
Wednesday, September 11, 2024

Contacts Technical information: Media contact:
  • (415) 625-2270

Consumer Price Index, Los Angeles area — August 2024

Area prices were up 0.1 percent over the past month, up 2.9 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 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the August increase was influenced by higher prices for shelter. (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 2.9 percent. (See chart 1 and table A.) Food prices increased 2.5 percent. Energy prices declined 8.8 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy rose 3.9 percent over the year. (See table 1.)

Food

Food prices advanced 0.2 percent for the month of August. (See table 1.) Prices for food at home increased 0.4 percent, with higher prices in four of the six grocery categories. Prices for food away from home declined 0.1 percent for the same period.

Over the year, food prices increased 2.5 percent. Prices for food at home rose 0.5 percent since a year ago, led by higher prices for meats, poultry, fish, and eggs (3.7 percent). Prices for food away from home rose 4.9 percent.

Energy

The energy index decreased 1.5 percent over the month. The decrease was mainly due to lower prices for gasoline (-2.7 percent). Prices for natural gas service increased 0.2 percent, while prices for electricity were unchanged for the same period.

Energy prices declined 8.8 percent over the year, largely due to lower prices for gasoline (-13.1 percent). Prices for natural gas service declined 14.6 percent during the past year, while prices paid for electricity increased 0.6 percent.

All items less food and energy

The index for all items less food and energy advanced 0.2 percent in August. Higher prices for apparel (3.1 percent) and shelter (0.3 percent) were partially offset by lower prices for new and used motor vehicles (-1.2 percent) and household furnishings and operations (-0.6 percent).

Over the year, the index for all items less food and energy rose 3.9 percent. Components contributing to the increase included medical care (6.4 percent) and shelter (5.5 percent). Partly offsetting the increases were price decreases in new and used motor vehicles (-3.8 percent) and recreation (-3.0 percent).

Table A. Los Angeles-Long Beach-Anaheim, CA, CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.8 3.1 0.2 0.9 1.1 7.5 1.9 5.8 1.0 2.5

February

0.3 3.4 0.4 1.0 0.3 7.4 -0.3 5.1 0.5 3.4

March

-0.7 1.9 0.5 2.2 1.5 8.5 0.1 3.7 0.7 4.0

April

-0.3 0.7 1.1 3.6 0.5 7.9 0.7 3.8 0.6 3.9

May

0.4 0.9 0.6 3.9 0.8 8.0 0.1 3.2 0.1 3.9

June

0.5 1.4 0.6 4.0 1.1 8.6 0.5 2.5 -0.2 3.2

July

0.6 1.9 0.6 3.9 -0.2 7.7 0.0 2.7 0.2 3.4

August

0.1 2.0 0.2 4.0 0.1 7.6 0.7 3.3 0.1 2.9

September

-0.3 1.2 0.3 4.6 0.5 7.8 0.3 3.2

October

0.2 0.7 0.9 5.4 0.6 7.5 -0.1 2.4

November

0.1 1.0 0.6 6.0 -0.8 6.0 -0.4 2.8

December

-0.2 1.5 0.4 6.6 -0.6 4.9 0.0 3.5

The September 2024 Consumer Price Index for the Los Angeles area is scheduled to be released on October 10, 2024.


Technical Note

The Consumer Price Index (CPI) is a measures 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 U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 6,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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, CA metropolitan area includes Los Angeles and Orange Counties in California.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.

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-
Historical
data
Jun.
2024
Jul.
2024
Aug.
2024
Aug.
2023
Jun.
2024
Jul.
2024

Expenditure category

All items

332.357 332.928 333.359 2.9 0.3 0.1

All items (1967=100)

981.930 983.616 984.889 - - -

Food and beverages

337.624 337.127 337.593 2.3 0.0 0.1

Food

340.124 339.651 340.205 2.5 0.0 0.2

Food at home

320.069 318.628 320.037 0.5 0.0 0.4

Cereals and bakery products

342.228 341.760 344.645 -1.7 0.7 0.8

Meats, poultry, fish, and eggs

356.286 355.284 357.951 3.7 0.5 0.8

Dairy and related products

292.577 300.092 304.786 1.9 4.2 1.6

Fruits and vegetables

405.043 404.396 400.070 -3.1 -1.2 -1.1

Nonalcoholic beverages and beverage materials(1)

300.753 294.232 300.188 -3.3 -0.2 2.0

Other food at home

266.007 263.174 263.081 2.8 -1.1 0.0

Food away from home

358.065 358.686 358.273 4.9 0.1 -0.1

Alcoholic beverages

280.885 280.061 279.126 -1.3 -0.6 -0.3

Housing

382.279 384.559 385.413 4.6 0.8 0.2

Shelter

440.257 442.490 443.826 5.5 0.8 0.3

Rent of primary residence(2)

464.130 467.990 469.096 4.8 1.1 0.2

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

456.384 459.086 460.341 5.8 0.9 0.3

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

456.357 459.060 460.315 5.8 0.9 0.3

Fuels and utilities

466.055 482.383 483.364 2.3 3.7 0.2

Household energy

406.695 415.012 415.114 -3.0 2.1 0.0

Energy services(2)

405.123 413.420 413.511 -3.0 2.1 0.0

Electricity(2)

482.766 490.758 490.679 0.6 1.6 0.0

Utility (piped) gas service(2)

286.096 295.848 296.299 -14.6 3.6 0.2

Household furnishings and operations

130.103 128.799 127.973 -2.5 -1.6 -0.6

Apparel

120.005 118.044 121.681 -1.9 1.4 3.1

Transportation

272.825 269.571 267.380 -0.2 -2.0 -0.8

Private transportation

274.080 272.088 269.340 -0.3 -1.7 -1.0

New and used motor vehicles(4)

110.129 110.712 109.425 -3.8 -0.6 -1.2

New vehicles(1)

191.809 191.569 191.152 -2.3 -0.3 -0.2

Used cars and trucks(1)

348.984 344.608 342.987 -9.8 -1.7 -0.5

Motor fuel

365.320 354.443 344.816 -13.2 -5.6 -2.7

Gasoline (all types)

356.202 345.473 336.083 -13.1 -5.6 -2.7

Gasoline, unleaded regular(4)

356.433 345.558 335.970 -13.4 -5.7 -2.8

Gasoline, unleaded midgrade(4)(5)

341.277 331.239 322.562 -12.7 -5.5 -2.6

Gasoline, unleaded premium(4)

342.954 333.101 324.718 -12.1 -5.3 -2.5

Medical care

585.589 592.969 591.787 6.4 1.1 -0.2

Recreation(6)

121.191 121.592 122.005 -3.0 0.7 0.3

Education and communication(6)

160.716 160.733 161.702 2.2 0.6 0.6

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

2,311.711 2,316.780 2,336.334 2.9 1.1 0.8

Other goods and services

538.631 540.020 541.422 2.3 0.5 0.3

Commodity and service group

All items

332.357 332.928 333.359 2.9 0.3 0.1

Commodities

217.773 216.573 216.614 -1.7 -0.5 0.0

Commodities less food & beverages

158.871 157.442 157.308 -4.3 -1.0 -0.1

Nondurables less food & beverages

222.781 220.300 221.020 -5.1 -0.8 0.3

Durables

100.109 99.474 98.884 -3.9 -1.2 -0.6

Services

434.542 436.796 437.591 5.3 0.7 0.2

Special aggregate indexes

All items less medical care

321.292 321.609 322.097 2.6 0.3 0.2

All items less shelter

284.481 284.266 284.270 1.1 -0.1 0.0

Commodities less food

164.135 162.700 162.545 -4.2 -1.0 -0.1

Nondurables

281.339 279.864 280.455 -1.0 -0.3 0.2

Nondurables less food

229.262 226.847 227.477 -4.9 -0.8 0.3

Services less rent of shelter(3)

438.195 440.527 440.439 4.9 0.5 0.0

Services less medical care services

419.824 421.710 422.746 5.2 0.7 0.2

Energy

384.090 380.754 374.923 -8.8 -2.4 -1.5

All items less energy

331.310 332.087 332.847 3.7 0.5 0.2

All items less food and energy

329.903 330.897 331.692 3.9 0.5 0.2

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, September 11, 2024