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17-332-SAN
Wednesday, March 15, 2017

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Consumer Price Index, San Francisco Area — February 2017

Area prices were up 0.8 percent over the past two months, up 3.4 percent from a year ago

Prices in the San Francisco area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), rose 0.8 percent for the two months ending in February 2017, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the February increase was influenced by higher prices for shelter, apparel, and gasoline. (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 3.4 percent.  (See chart 1 and table A.) Energy prices jumped 11.0 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy advanced 3.6 percent over the year. (See table 1.)

Food

Food prices advanced 0.3 percent for the two months ending in February. (See table 1.) Prices for food away from home rose 0.4 percent, and prices for food at home increased 0.2 percent for the same period.

Over the year, food prices moved down 0.2 percent. Prices for food at home decreased 3.3 percent since a year ago, but prices for food away from home increased 3.4 percent.

Energy

The energy index rose 2.8 percent for the two months ending in February. The increase was mainly due to higher prices for gasoline (6.2 percent). Prices for natural gas service declined 2.7 percent, and electricity prices decreased 0.2 percent for the same period.

Energy prices jumped 11.0 percent over the year, largely due to higher prices for gasoline (19.2 percent). Prices paid for natural gas service advanced 6.3 percent, and prices for electricity rose 1.1 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.8 percent in the latest two-month period. Higher prices for apparel (6.4 percent), household furnishings and operations (1.0 percent), and shelter (0.9 percent) were partially offset by lower prices for education and communication (-1.1 percent) and medical care (-0.6 percent).

Over the year, the index for all items less food and energy advanced 3.6 percent. Components contributing to the increase included shelter (6.4 percent) and apparel (2.3 percent). Partly offsetting the increases were price declines in education and communication (-3.0 percent) and household furnishings and operations (-2.3 percent).

Table A. San Francisco-Oakland-San Jose CPI-U bi-monthly and annual percent changes (not seasonally adjusted)
Month 2012 2013 2014 2015 2016 2017
Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual

February

1.1 3.0 1.3 2.4 1.2 2.4 1.0 2.5 0.9 3.0 0.8 3.4

April

0.9 2.1 0.8 2.4 1.2 2.8 1.1 2.4 0.7 2.7    

June

0.3 2.6 0.5 2.6 0.7 3.0 0.6 2.3 0.6 2.7    

August

0.6 2.8 0.1 2.0 0.0 3.0 0.3 2.6 0.7 3.1    

October

0.7 3.2 0.2 1.6 0.5 3.2 0.4 2.6 0.9 3.6    

December

-1.4 2.2 -0.4 2.6 -0.9 2.7 -0.3 3.2 -0.3 3.5    

The April 2017 Consumer Price Index for the San Francisco-Oakland-San Jose is scheduled to be released on 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 4,000 housing units and approximately 26,000 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 San Francisco-Oakland-San Jose, CA. metropolitan area covered in this release is comprised of Alameda, Contra Costa, Marin, Napa, San Francisco, San Mateo, Santa Clara, Santa Cruz, Sonoma, and Solano 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

San Francisco-Oakland-San Jose, CA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Dec.
2016
Jan.
2017
Feb.
2017
Feb.
2016
Dec.
2016
Jan.
2017

Expenditure category

 
 

All items

269.483 - 271.626 3.4 0.8 -

All items (1967=100)

828.464 - 835.053 - - -

Food and beverages

266.412 - 267.322 0.1 0.3 -

Food

266.586 - 267.295 -0.2 0.3 -

Food at home

248.921 249.468 249.301 -3.3 0.2 -0.1

Food away from home

287.887 - 289.007 3.4 0.4 -

Alcoholic beverages

269.857 - 273.109 2.8 1.2 -

Housing

317.130 - 319.808 5.5 0.8 -

Shelter

361.605 363.451 364.845 6.4 0.9 0.4

Rent of primary residence(1)

408.710 411.357 412.606 6.5 1.0 0.3

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

391.310 393.808 394.419 6.9 0.8 0.2

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

391.310 393.808 394.419 6.9 0.8 0.2

Fuels and utilities

368.466 - 368.463 3.3 0.0 -

Household energy

324.310 321.879 321.319 2.7 -0.9 -0.2

Energy services(1)

324.993 322.389 321.687 2.6 -1.0 -0.2

Electricity(1)

335.551 334.735 334.735 1.1 -0.2 0.0

Utility (piped) gas service(1)

287.301 281.428 279.426 6.3 -2.7 -0.7

Household furnishings and operations

134.707 - 136.113 -2.3 1.0 -

Apparel

110.011 - 117.008 2.3 6.4 -

Transportation

184.241 - 188.125 5.5 2.1 -

Private transportation

175.532 - 178.984 6.6 2.0 -

Motor fuel

200.151 208.379 212.552 19.2 6.2 2.0

Gasoline (all types)

199.310 207.524 211.703 19.2 6.2 2.0

Gasoline, unleaded regular(3)

199.059 207.340 211.554 19.4 6.3 2.0

Gasoline, unleaded midgrade(3)(4)

186.840 193.495 197.182 18.6 5.5 1.9

Gasoline, unleaded premium(3)

190.590 198.233 202.054 18.5 6.0 1.9

Medical care

488.508 - 485.741 - -0.6 -

Recreation(5)

112.725 - 113.213 -0.6 0.4 -

Education and communication(5)

142.129 - 140.597 -3.0 -1.1 -

Other goods and services

441.471 - 440.022 2.0 -0.3 -
 

Commodity and service group

 
 

All items

269.483 - 271.626 3.4 0.8 -

Commodities

180.091 - 182.562 1.2 1.4 -

Commodities less food & beverages

133.867 - 136.861 2.2 2.2 -

Nondurables less food & beverages

169.918 - 175.905 5.4 3.5 -

Durables

98.883 - 99.032 -2.7 0.2 -

Services

344.016 - 345.954 4.4 0.6 -
 

Special aggregate indexes

 
 

All items less medical care

260.520 - 262.875 3.6 0.9 -

All items less shelter

231.574 - 233.234 1.2 0.7 -

Commodities less food

139.594 - 142.626 2.3 2.2 -

Nondurables

219.031 - 222.737 2.3 1.7 -

Nondurables less food

177.371 - 183.218 5.2 3.3 -

Services less rent of shelter(2)

336.962 - 337.052 1.0 0.0 -

Services less medical care services

335.030 - 337.396 4.7 0.7 -

Energy

248.677 253.127 255.631 11.0 2.8 1.0

All items less energy

273.816 - 275.735 3.1 0.7 -

All items less food and energy

275.753 - 277.857 3.6 0.8 -

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, March 15, 2017