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Wednesday, December 11, 2024
Prices in the Honolulu area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.1 percent for the two months ending in November 2024, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the November increase was influenced by higher prices for shelter. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)
Over the last 12 months, the CPI-U advanced 3.5 percent. (See chart 1 and table A.) Food prices advanced 3.1 percent. Energy prices declined 5.1 percent, largely the result of a decrease in the price of electricity. The index for all items less food and energy rose 4.4 percent over the year. (See table 1.)
FoodFood prices increased 0.1 percent for the two months ending in November. (See table 1.) Prices for food at home decreased 0.6 percent, led by lower prices for fruits and vegetables (-1.4 percent) and meats, poultry, fish, and eggs (-1.3 percent). Prices for food away from home increased 1.0 percent for the same period.
Over the year, food prices advanced 3.1 percent. Prices for food at home increased 1.7 percent since a year ago, with higher prices in four of the six grocery categories. Prices for food away from home increased 4.9 percent.
EnergyThe energy index decreased 2.4 percent for the two months ending in November. The decrease was mainly due to lower prices for electricity (-5.2 percent). Prices for gasoline declined 0.6 percent, while prices for natural gas service rose 3.6 percent for the same period.
Energy prices declined 5.1 percent over the year, largely due to lower prices for electricity (-7.8 percent). Prices paid for natural gas service declined 5.8 percent, and prices for gasoline decreased 3.1 percent during the past year.
All items less food and energyThe index for all items less food and energy increased 0.3 percent in the latest two-month period. Higher prices for other goods and services (4.7 percent) and shelter (0.5 percent) were partially offset by lower prices for apparel (-8.1 percent) and education and communication (-2.5 percent).
Over the year, the index for all items less food and energy rose 4.4 percent. Components contributing to the increase included shelter (6.4 percent) and recreation (3.4 percent). Partly offsetting the increases were price decreases in used cars and trucks (-2.9 percent) and education and communication (-1.7 percent).
Month | 2020 | 2021 | 2022 | 2023 | 2024 | |||||
---|---|---|---|---|---|---|---|---|---|---|
2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | |
January |
0.5 | 1.7 | 0.3 | 1.4 | 0.9 | 6.0 | 0.3 | 5.2 | 0.5 | 3.9 |
March |
0.6 | 1.8 | 0.9 | 1.8 | 2.4 | 7.5 | 0.6 | 3.3 | 1.5 | 4.8 |
May |
0.2 | 1.3 | 2.1 | 3.8 | 1.6 | 7.0 | 0.3 | 2.0 | 0.7 | 5.2 |
July |
0.0 | 1.3 | 0.8 | 4.6 | 0.6 | 6.8 | 0.7 | 2.1 | 0.0 | 4.5 |
September |
0.6 | 1.9 | 1.0 | 5.0 | 0.8 | 6.6 | 0.9 | 2.2 | 0.7 | 4.2 |
November |
-0.2 | 1.6 | 0.1 | 5.4 | -0.6 | 5.8 | 0.8 | 3.6 | 0.1 | 3.5 |
The January 2025 Consumer Price Index for the Honolulu area is scheduled to be released on February 12, 2025.
With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued.
The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
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 Consumer Price Index for Urban Hawaii is published bi-monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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 Urban Hawaii Core Based Statistical Area includes Honolulu County in the State of Hawaii.
Refer to the national CPI news release technical note or the Handbook of Methods for more information.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.
Item and Group |
Indexes | Percent change from- | |||||
---|---|---|---|---|---|---|---|
Historical data |
Sep. 2024 |
Oct. 2024 |
Nov. 2024 |
Nov. 2023 |
Sep. 2024 |
Oct. 2024 |
|
Expenditure category |
|||||||
All items |
342.676 | - | 343.189 | 3.5 | 0.1 | - | |
All items (1967=100) |
943.379 | - | 944.788 | - | - | - | |
Food and beverages |
370.540 | - | 370.895 | 3.2 | 0.1 | - | |
Food |
374.553 | - | 374.870 | 3.1 | 0.1 | - | |
Food at home |
354.572 | 356.916 | 352.270 | 1.7 | -0.6 | -1.3 | |
Cereals and bakery products |
408.870 | 406.453 | 404.250 | -1.1 | -1.1 | -0.5 | |
Meats, poultry, fish, and eggs |
335.918 | 329.669 | 331.613 | -0.8 | -1.3 | 0.6 | |
Dairy and related products |
289.683 | 296.270 | 295.509 | 4.4 | 2.0 | -0.3 | |
Fruits and vegetables |
410.297 | 408.783 | 404.635 | 1.9 | -1.4 | -1.0 | |
Nonalcoholic beverages and beverage materials(1) |
436.678 | 455.681 | 439.513 | 7.1 | 0.6 | -3.5 | |
Other food at home |
353.556 | 361.680 | 351.216 | 2.5 | -0.7 | -2.9 | |
Food away from home |
392.532 | - | 396.615 | 4.9 | 1.0 | - | |
Alcoholic beverages |
305.331 | - | 306.766 | 6.1 | 0.5 | - | |
Housing |
375.246 | - | 375.561 | 5.1 | 0.1 | - | |
Shelter |
409.854 | 409.194 | 411.835 | 6.4 | 0.5 | 0.6 | |
Rent of primary residence(2) |
411.309 | 411.749 | 412.877 | 5.5 | 0.4 | 0.3 | |
Owners' equiv. rent of residences(2) |
420.308 | 419.814 | 421.893 | 6.1 | 0.4 | 0.5 | |
Owners' equiv. rent of primary residence(2) |
420.308 | 419.814 | 421.893 | 6.1 | 0.4 | 0.5 | |
Fuels and utilities |
463.563 | - | 450.102 | -3.1 | -2.9 | - | |
Household energy |
384.955 | 376.195 | 367.445 | -7.5 | -4.5 | -2.3 | |
Energy services |
378.424 | 369.637 | 360.976 | -7.6 | -4.6 | -2.3 | |
Electricity |
378.083 | 369.116 | 358.584 | -7.8 | -5.2 | -2.9 | |
Utility (piped) gas service |
320.230 | 315.171 | 331.617 | -5.8 | 3.6 | 5.2 | |
Household furnishings and operations |
168.854 | - | 166.674 | 0.6 | -1.3 | - | |
Apparel |
135.559 | - | 124.574 | 1.7 | -8.1 | - | |
Transportation |
272.769 | - | 275.977 | 2.7 | 1.2 | - | |
Private transportation |
277.075 | - | 281.094 | 1.0 | 1.5 | - | |
New and used motor vehicles(3) |
121.012 | - | 122.461 | -1.2 | 1.2 | - | |
New vehicles(1) |
186.261 | - | 188.052 | 0.4 | 1.0 | - | |
Used cars and trucks(1) |
307.235 | - | 310.813 | -2.9 | 1.2 | - | |
Motor fuel |
357.303 | 356.098 | 355.087 | -3.1 | -0.6 | -0.3 | |
Gasoline (all types) |
366.721 | 365.466 | 364.448 | -3.1 | -0.6 | -0.3 | |
Gasoline, unleaded regular(4) |
379.925 | 378.584 | 377.538 | -3.2 | -0.6 | -0.3 | |
307.383 | 305.919 | 305.196 | -2.5 | -0.7 | -0.2 | ||
Gasoline, unleaded premium(4) |
346.354 | 345.339 | 344.338 | -2.7 | -0.6 | -0.3 | |
Medical care |
- | - | 521.072 | 0.5 | - | - | |
Recreation(3) |
156.191 | - | 154.757 | 3.4 | -0.9 | - | |
Education and communication(3) |
155.141 | - | 151.326 | -1.7 | -2.5 | - | |
Tuition, other school fees, and child care(1) |
2,058.264 | - | 2,056.458 | 2.4 | -0.1 | - | |
Other goods and services |
613.867 | - | 642.561 | 3.2 | 4.7 | - | |
Commodity and service group |
|||||||
All items |
342.676 | - | 343.189 | 3.5 | 0.1 | - | |
Commodities |
253.501 | - | 253.143 | 1.2 | -0.1 | - | |
Commodities less food & beverages |
184.945 | - | 184.257 | -0.6 | -0.4 | - | |
Nondurables less food & beverages |
247.389 | - | 246.297 | 1.4 | -0.4 | - | |
Durables |
124.189 | - | 123.818 | -2.7 | -0.3 | - | |
Services |
420.547 | - | 421.802 | 4.8 | 0.3 | - | |
Special aggregate indexes |
|||||||
All items less medical care |
333.692 | - | 333.644 | 3.8 | 0.0 | - | |
All items less shelter |
313.034 | - | 312.754 | 1.6 | -0.1 | - | |
Commodities less food |
189.373 | - | 188.714 | -0.5 | -0.3 | - | |
Nondurables |
311.382 | - | 311.104 | 2.6 | -0.1 | - | |
Nondurables less food |
250.852 | - | 249.866 | 1.7 | -0.4 | - | |
Services less rent of shelter(2) |
428.834 | - | 428.759 | 2.1 | 0.0 | - | |
Services less medical care services |
412.126 | - | 413.030 | 5.4 | 0.2 | - | |
Energy |
369.807 | 365.366 | 361.041 | -5.1 | -2.4 | -1.2 | |
All items less energy |
343.151 | - | 344.189 | 4.1 | 0.3 | - | |
All items less food and energy |
339.644 | - | 340.825 | 4.4 | 0.3 | - | |
Footnotes |
|||||||
- Data not available |
Last Modified Date: Wednesday, December 11, 2024