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News Release Information

24-2546-SAN
Wednesday, December 11, 2024

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

Consumer Price Index, Honolulu Area — November 2024

Area prices were up 0.1 percent over the past two months, up 3.5 percent from a year ago

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.)

Food

Food 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.

Energy

The 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 energy

The 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).

Table A. Urban Hawaii CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
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.

Notice Regarding Ceasing Publication of Utility Indexes

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:

  • Electricity
  • Utility (piped) gas (often referred to as natural gas)
  • Energy services
  • Fuels and utilities
  • Household energy 

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:

  • Electricity per KWH
  • Utility (piped) gas per therm

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 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.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Urban Hawaii (1982-84=100 unless otherwise noted)
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

Gasoline, unleaded midgrade(4)(5)

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
(1) Indexes on a December 1977=100 base.
(2) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.

- Data not available
NOTE: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Wednesday, December 11, 2024