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18-251-SAN
Wednesday, February 14, 2018

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Consumer Price Index, Los Angeles area — January 2018

Area prices were up 0.8 percent over the past month, up 3.5 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.8 percent in January, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the January 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 3.5 percent. (See chart 1 and table A.) Energy prices increased 9.5 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy increased 3.3 percent over the year. (See table 1.)

Food

Food prices advanced 0.3 percent for the month of January. (See table 1.) Prices for food away from home increased 0.5 percent, and prices for food at home edged up 0.1 percent for the same period.

Over the year, food prices advanced 2.1 percent. Prices for food away from home rose 4.3 percent since a year ago, and prices for food at home moved up 0.3 percent.

Energy

The energy index rose 3.6 percent over the month. The increase was mainly due to higher prices for gasoline (5.0 percent). Prices for electricity increased 2.8 percent, but prices for natural gas service declined 3.3 percent for the same period.

Energy prices increased 9.5 percent over the year, largely due to higher prices for gasoline (15.6 percent). Prices paid for electricity increased 4.1 percent, but prices for natural gas service moved down 8.3 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.6 percent in January. Higher prices for apparel (3.6 percent), and shelter (0.4 percent) were partially offset by lower prices for recreation (-0.4 percent).

Over the year, the index for all items less food and energy increased 3.3 percent. Higher prices were noted for other goods and services (5.6 percent) and shelter (3.7 percent).

Table A. Los Angeles-Long Beach-Anaheim CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2013 2014 2015 2016 2017 2018
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.8 2.0 0.5 0.8 -0.3 -0.1 0.7 3.1 0.9 2.1 0.8 3.5

February

0.7 2.2 0.5 0.5 0.7 0.1 0.0 2.4 0.6 2.7    

March

0.1 1.3 0.6 1.0 1.0 0.5 0.3 1.7 0.3 2.7    

April

-0.4 0.9 0.0 1.4 -0.1 0.5 0.2 2.0 0.2 2.7    

May

0.1 1.0 0.4 1.7 1.0 1.1 0.5 1.4 0.3 2.5    

June

-0.1 1.4 0.1 1.8 -0.3 0.8 0.1 1.8 -0.2 2.2    

July

-0.1 1.3 0.1 2.0 0.7 1.4 0.0 1.1 0.3 2.5    

August

0.1 0.8 -0.1 1.8 -0.3 1.1 0.0 1.4 0.3 2.8    

September

0.2 0.6 0.0 1.7 -0.4 0.7 0.2 1.9 0.4 3.1    

October

0.1 -0.1 -0.1 1.4 0.2 1.0 0.4 2.2 0.4 3.1    

November

-0.5 0.4 -0.7 1.3 0.0 1.6 -0.4 1.8 0.1 3.6    

December

0.0 1.1 -0.5 0.7 -0.1 2.0 0.0 2.0 0.0 3.6    

The February 2018 Consumer Price Index for the Los Angeles-Long Beach-Anaheim is scheduled to be released on March 13, 2018.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS introduced a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, Los Angeles and Riverside have separate indexes. The first indexes using the new structure are published for the first time this month. Additional information on the geographic revision is available at: www.bls.gov/cpi/georevision2018.htm.


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 94 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 75 urban areas across the country from about 5,000 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 (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-Long Beach-Anaheim. metropolitan area covered in this release is comprised of Los Angeles and Orange 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-Long Beach-Anaheim (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Nov.
2017
Dec.
2017
Jan.
2018
Jan.
2017
Nov.
2017
Dec.
2017

Expenditure category

 
 

All items

259.135 259.220 261.235 3.5 0.8 0.8

All items (1967=100)

765.598 765.850 771.805 - - -

Food and beverages

256.382 257.263 258.138 1.9 0.7 0.3

Food

256.505 257.669 258.479 2.1 0.8 0.3

Food at home

253.543 255.375 255.732 0.3 0.9 0.1

Cereals and bakery products

- 260.029 263.402 - - 1.3

Meats, poultry, fish, and eggs

- 274.324 271.815 - - -0.9

Dairy and related products

- 241.255 240.294 - - -0.4

Fruits and vegetables

- 350.350 358.881 - - 2.4

Nonalcoholic beverages and beverage materials(1)

- 259.151 255.489 - - -1.4

Other food at home

- 202.640 201.936 - - -0.3

Food away from home

256.297 256.623 257.892 4.3 0.6 0.5

Food away from home

256.297 256.623 257.892 4.3 0.6 0.5

Alcoholic beverages

239.398 236.145 237.846 -0.7 -0.6 0.7

Housing

291.580 292.603 294.365 3.4 1.0 0.6

Shelter

335.881 336.552 337.756 3.7 0.6 0.4

Rent of primary residence(2)

355.126 356.235 357.733 4.9 0.7 0.4

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

349.187 350.555 352.125 4.3 0.8 0.4

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

349.168 350.535 352.105 4.3 0.8 0.4

Fuels and utilities

304.861 306.585 313.724 2.9 2.9 2.3

Household energy

261.185 263.429 266.805 0.9 2.2 1.3

Energy services(2)

259.764 262.023 265.389 1.0 2.2 1.3

Electricity(2)

305.281 305.653 314.299 4.1 3.0 2.8

Utility (piped) gas service(2)

200.677 207.555 200.712 -8.3 0.0 -3.3

Household furnishings and operations

114.541 116.428 118.382 1.1 3.4 1.7

Apparel

103.689 102.476 106.168 0.2 2.4 3.6

Transportation

204.715 203.134 207.120 7.6 1.2 2.0

Private transportation

200.934 199.740 203.649 8.4 1.4 2.0

New and used motor vehicles(6)

- 91.726 92.284 - - 0.6

New vehicles(1)

- 169.960 173.186 - - 1.9

Used cars and trucks(1)

- 262.549 263.759 - - 0.5

Motor fuel

248.485 239.908 251.952 15.7 1.4 5.0

Gasoline (all types)

242.785 234.242 246.027 15.6 1.3 5.0

Gasoline, unleaded regular(4)

243.118 234.420 246.393 15.6 1.3 5.1

Gasoline, unleaded midgrade(4)(5)

233.178 225.746 236.181 15.8 1.3 4.6

Gasoline, unleaded premium(4)

232.503 224.929 235.448 15.1 1.3 4.7

Motor vehicle insurance(1)

- 730.714 737.507 - - 0.9

Medical care

476.833 475.129 475.556 2.1 -0.3 0.1

Recreation(6)

108.176 108.741 108.296 2.0 0.1 -0.4

Education and communication(6)

144.767 144.025 144.444 2.2 -0.2 0.3

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

- 1,776.469 1,776.469 - - 0.0

Other goods and services

413.485 411.138 415.821 5.6 0.6 1.1
 

Commodity and service group

 
 

All items

259.135 259.220 261.235 3.5 0.8 0.8

Commodities

177.916 177.022 179.512 3.3 0.9 1.4

Commodities less food & beverages

136.892 135.321 138.262 4.3 1.0 2.2

Nondurables less food & beverages

181.792 178.761 184.089 7.3 1.3 3.0

Durables

92.847 92.718 93.529 -0.8 0.7 0.9

Services

331.427 332.391 333.995 3.6 0.8 0.5
 

Special aggregate indexes

 
 

All items less medical care

249.702 249.855 251.922 3.6 0.9 0.8

All items less shelter

225.503 225.322 227.716 3.4 1.0 1.1

Commodities less food

141.294 139.660 142.606 4.1 0.9 2.1

Nondurables

220.181 218.884 222.297 4.4 1.0 1.6

Nondurables less food

187.412 184.325 189.529 6.8 1.1 2.8

Services less rent of shelter(3)

334.144 335.417 337.635 3.4 1.0 0.7

Services less medical care services

319.211 320.260 321.939 3.9 0.9 0.5

Energy

254.283 249.827 258.934 9.5 1.8 3.6

All items less energy

261.468 261.896 263.457 3.1 0.8 0.6

All items less food and energy

262.656 262.960 264.641 3.3 0.8 0.6

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) Index is 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, February 14, 2018