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17-431-SAN
Friday, April 14, 2017

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Consumer Price Index, Los Angeles area — March 2017

Area prices were up 0.3 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), rose 0.3 percent in March, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the March increase was influenced by higher prices for gasoline and 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 advanced 2.7 percent. (See chart 1 and table A.) Energy prices advanced 7.7 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 rose 0.5 percent for the month of March. (See table 1.) Prices for food at home rose 0.9 percent, while prices for food away from home were unchanged for the same period.

Over the year, food prices increased 1.0 percent. Prices for food away from home rose 2.9 percent since a year ago, but prices for food at home decreased 0.4 percent.

Energy

The energy index advanced 1.4 percent over the month. The increase was mainly due to higher prices for gasoline (3.0 percent). Prices for electricity were inched up 0.1 percent, but prices for natural gas service declined 2.2 percent for the same period.

Energy prices advanced 7.7 percent over the year, largely due to higher prices for gasoline (12.1 percent). Prices paid for natural gas service advanced 5.7 percent, and prices for electricity moved up 0.5 percent during the past year.

All items less food and energy

The index for all items less food and energy edged up 0.1 percent in March. Higher prices for apparel (1.8 percent), other goods and services (0.3 percent), and shelter (0.2 percent) were partially offset by lower prices for education and communication (-0.9 percent) and household furnishings and operations (-0.2 percent).

Over the year, the index for all items less food and energy increased 2.6 percent. Components contributing to the increase included shelter (4.8 percent) and medical care (3.7 percent). Partly offsetting the increases were price declines in apparel (-2.7 percent) and education and communication (-2.0 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    

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 April 2017 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released May 12, 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-
Jan.
2017
Feb.
2017
Mar.
2017
Mar.
2016
Jan.
2017
Feb.
2017

Expenditure category

 
 

All items

252.373 253.815 254.525 2.7 0.9 0.3

All items (1967=100)

745.623 749.881 751.980 - - -

Food and beverages

253.317 253.438 254.571 1.0 0.5 0.4

Food

253.236 253.592 254.820 1.0 0.6 0.5

Food at home

255.079 254.014 256.216 -0.4 0.4 0.9

Food away from home

247.162 249.263 249.274 2.9 0.9 0.0

Alcoholic beverages

239.443 236.171 235.876 1.3 -1.5 -0.1

Housing

284.696 285.754 285.975 4.2 0.4 0.1

Shelter

325.595 327.217 327.750 4.8 0.7 0.2

Rent of primary residence(1)

341.115 342.343 343.624 5.0 0.7 0.4

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

337.597 338.967 339.317 4.7 0.5 0.1

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

337.578 338.948 339.298 4.7 0.5 0.1

Fuels and utilities

304.962 304.509 303.031 3.0 -0.6 -0.5

Household energy

264.439 262.666 260.921 1.6 -1.3 -0.7

Energy services(1)

262.860 261.069 259.884 1.7 -1.1 -0.5

Electricity(1)

301.898 301.917 302.157 0.5 0.1 0.1

Utility (piped) gas service(1)

218.858 212.696 208.109 5.7 -4.9 -2.2

Household furnishings and operations

117.101 116.737 116.522 0.0 -0.5 -0.2

Apparel

105.915 110.245 112.197 -2.7 5.9 1.8

Transportation

192.435 195.460 197.847 4.0 2.8 1.2

Private transportation

187.851 190.716 193.043 4.2 2.8 1.2

Motor fuel

217.767 227.233 233.940 12.3 7.4 3.0

Gasoline (all types)

212.880 222.224 228.870 12.1 7.5 3.0

Gasoline, unleaded regular(3)

213.079 222.491 229.217 12.2 7.6 3.0

Gasoline, unleaded midgrade(3)(4)

203.958 213.229 219.494 12.3 7.6 2.9

Gasoline, unleaded premium(3)

204.484 213.067 219.062 11.5 7.1 2.8

Medical care

465.997 465.127 465.952 3.7 0.0 0.2

Recreation(5)

106.123 106.204 106.272 -0.6 0.1 0.1

Education and communication(5)

141.298 143.463 142.117 -2.0 0.6 -0.9

Other goods and services

393.872 389.313 390.346 0.2 -0.9 0.3
 

Commodity and service group

 
 

All items

252.373 253.815 254.525 2.7 0.9 0.3

Commodities

173.767 174.964 176.116 0.8 1.4 0.7

Commodities less food & beverages

132.514 134.087 135.189 0.6 2.0 0.8

Nondurables less food & beverages

171.514 175.166 177.662 2.5 3.6 1.4

Durables

94.301 93.819 93.543 -2.7 -0.8 -0.3

Services

322.337 323.995 324.306 3.6 0.6 0.1
 

Special aggregate indexes

 
 

All items less medical care

243.126 244.649 245.352 2.6 0.9 0.3

All items less shelter

220.314 221.681 222.476 1.3 1.0 0.4

Commodities less food

136.977 138.443 139.522 0.7 1.9 0.8

Nondurables

212.996 215.103 217.027 1.7 1.9 0.9

Nondurables less food

177.515 180.865 183.253 2.4 3.2 1.3

Services less rent of shelter(2)

326.645 328.386 328.376 2.0 0.5 0.0

Services less medical care services

309.984 311.735 312.048 3.6 0.7 0.1

Energy

236.489 241.676 245.165 7.7 3.7 1.4

All items less energy

255.488 256.658 257.164 2.3 0.7 0.2

All items less food and energy

256.209 257.518 257.903 2.6 0.7 0.1

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, April 14, 2017