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News Release Information

24-1401-SAN
Thursday, July 11, 2024

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

Consumer Price Index, Los Angeles area — June 2024

Area prices were down 0.2 percent over the past month, up 3.2 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), fell 0.2 percent in June, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the June decrease was influenced by lower prices for 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 increased 3.2 percent. (See chart 1 and table A.) Food prices increased 3.1 percent, while energy prices fell 1.2 percent. The index for all items less food and energy rose 3.6 percent over the year. (See table 1.)

Food

Food prices decreased 0.2 percent for the month of June. (See table 1.) Prices for food at home declined 1.3 percent, largely due to lower prices for fruits and vegetables (-4.6 percent). Prices for food away from home rose 1.0 percent for the same period.

Over the year, food prices increased 3.1 percent. Prices for food at home rose 1.3 percent since a year ago, led by higher prices for meats, poultry, fish, and eggs (5.5 percent). Prices for food away from home advanced 5.2 percent.

Energy

The energy index declined 4.9 percent over the month. The decrease was mainly due to lower prices for gasoline (-6.8 percent). Prices for electricity declined 3.2 percent, while prices for natural gas service increased 1.0 percent for the same period.

Energy prices fell 1.2 percent over the year, influenced by lower prices for gasoline (-1.7 percent). Prices for natural gas service decreased 8.3 percent, while prices paid for electricity advanced 1.5 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.2 percent in June. Higher prices for medical care (1.2 percent) and shelter (0.4 percent) were partially offset by lower prices for apparel (-2.0 percent) and other goods and services (-0.7 percent).

Over the year, the index for all items less food and energy rose 3.6 percent. Components contributing to the increase included shelter (5.3 percent) and medical care (5.2 percent). Partly offsetting the increases were price decreases in new and used motor vehicles (-3.6 percent), recreation (-2.6 percent), and household furnishings and operations (-2.2 percent).

Table A. Los Angeles-Long Beach-Anaheim, CA, CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.8 3.1 0.2 0.9 1.1 7.5 1.9 5.8 1.0 2.5

February

0.3 3.4 0.4 1.0 0.3 7.4 -0.3 5.1 0.5 3.4

March

-0.7 1.9 0.5 2.2 1.5 8.5 0.1 3.7 0.7 4.0

April

-0.3 0.7 1.1 3.6 0.5 7.9 0.7 3.8 0.6 3.9

May

0.4 0.9 0.6 3.9 0.8 8.0 0.1 3.2 0.1 3.9

June

0.5 1.4 0.6 4.0 1.1 8.6 0.5 2.5 -0.2 3.2

July

0.6 1.9 0.6 3.9 -0.2 7.7 0.0 2.7

August

0.1 2.0 0.2 4.0 0.1 7.6 0.7 3.3

September

-0.3 1.2 0.3 4.6 0.5 7.8 0.3 3.2

October

0.2 0.7 0.9 5.4 0.6 7.5 -0.1 2.4

November

0.1 1.0 0.6 6.0 -0.8 6.0 -0.4 2.8

December

-0.2 1.5 0.4 6.6 -0.6 4.9 0.0 3.5

The July 2024 Consumer Price Index for the Los Angeles area is scheduled to be released on August 14, 2024.


Technical Note

The Consumer Price Index (CPI) is a measures 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 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 6,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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, CA metropolitan area includes Los Angeles and Orange Counties in California.

Information in this release will be made available to sensory impaired individuals 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

Los Angeles-Long Beach-Anaheim (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Historical
data
Apr.
2024
May
2024
Jun.
2024
Jun.
2023
Apr.
2024
May
2024

Expenditure category

All items

332.572 332.956 332.357 3.2 -0.1 -0.2

All items (1967=100)

982.566 983.700 981.930 - - -

Food and beverages

337.613 338.302 337.624 2.8 0.0 -0.2

Food

340.092 340.783 340.124 3.1 0.0 -0.2

Food at home

322.600 324.389 320.069 1.3 -0.8 -1.3

Cereals and bakery products

346.088 343.760 342.228 -0.3 -1.1 -0.4

Meats, poultry, fish, and eggs

354.902 358.451 356.286 5.5 0.4 -0.6

Dairy and related products

299.095 297.772 292.577 -1.6 -2.2 -1.7

Fruits and vegetables

420.401 424.752 405.043 -1.6 -3.7 -4.6

Nonalcoholic beverages and beverage materials(1)

307.748 306.517 300.753 -1.7 -2.3 -1.9

Other food at home

261.428 264.576 266.007 3.0 1.8 0.5

Food away from home

355.156 354.603 358.065 5.2 0.8 1.0

Alcoholic beverages

281.200 281.818 280.885 -1.6 -0.1 -0.3

Housing

380.319 381.402 382.279 4.4 0.5 0.2

Shelter

437.090 438.671 440.257 5.3 0.7 0.4

Rent of primary residence(2)

460.739 462.776 464.130 4.6 0.7 0.3

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

454.312 454.458 456.384 5.6 0.5 0.4

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

454.286 454.432 456.357 5.6 0.5 0.4

Fuels and utilities

468.149 473.671 466.055 1.2 -0.4 -1.6

Household energy

409.116 416.045 406.695 -0.7 -0.6 -2.2

Energy services(2)

407.423 414.487 405.123 -0.6 -0.6 -2.3

Electricity(2)

498.648 498.493 482.766 1.5 -3.2 -3.2

Utility (piped) gas service(2)

260.717 283.320 286.096 -8.3 9.7 1.0

Household furnishings and operations

131.252 129.515 130.103 -2.2 -0.9 0.5

Apparel

123.045 122.459 120.005 -0.5 -2.5 -2.0

Transportation

280.141 278.824 272.825 2.9 -2.6 -2.2

Private transportation

280.347 278.512 274.080 2.6 -2.2 -1.6

New and used motor vehicles(4)

110.866 111.381 110.129 -3.6 -0.7 -1.1

New vehicles(1)

192.628 191.985 191.809 -2.4 -0.4 -0.1

Used cars and trucks(1)

346.094 348.271 348.984 -9.8 0.8 0.2

Motor fuel

403.464 391.911 365.320 -1.7 -9.5 -6.8

Gasoline (all types)

393.569 382.348 356.202 -1.7 -9.5 -6.8

Gasoline, unleaded regular(4)

394.624 383.079 356.433 -1.8 -9.7 -7.0

Gasoline, unleaded midgrade(4)(5)

375.568 365.426 341.277 -1.6 -9.1 -6.6

Gasoline, unleaded premium(4)

376.231 366.493 342.954 -1.2 -8.8 -6.4

Medical care

575.116 578.777 585.589 5.2 1.8 1.2

Recreation(6)

123.111 120.891 121.191 -2.6 -1.6 0.2

Education and communication(6)

159.468 159.971 160.716 2.4 0.8 0.5

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

2,283.871 2,297.171 2,311.711 3.5 1.2 0.6

Other goods and services

535.089 542.404 538.631 -0.4 0.7 -0.7

Commodity and service group

All items

332.572 332.956 332.357 3.2 -0.1 -0.2

Commodities

220.459 219.639 217.773 -0.4 -1.2 -0.8

Commodities less food & beverages

162.528 161.133 158.871 -2.4 -2.3 -1.4

Nondurables less food & beverages

231.787 229.122 222.781 -1.7 -3.9 -2.8

Durables

100.254 99.770 100.109 -3.4 -0.1 0.3

Services

432.386 433.914 434.542 5.1 0.5 0.1

Special aggregate indexes

All items less medical care

321.901 322.161 321.292 3.1 -0.2 -0.3

All items less shelter

286.310 286.127 284.481 1.8 -0.6 -0.6

Commodities less food

167.762 166.396 164.135 -2.4 -2.2 -1.4

Nondurables

285.776 284.811 281.339 0.8 -1.6 -1.2

Nondurables less food

237.869 235.364 229.262 -1.7 -3.6 -2.6

Services less rent of shelter(3)

437.676 439.147 438.195 4.8 0.1 -0.2

Services less medical care services

417.923 419.464 419.824 5.1 0.5 0.1

Energy

408.314 404.015 384.090 -1.2 -5.9 -4.9

All items less energy

330.275 330.905 331.310 3.5 0.3 0.1

All items less food and energy

328.694 329.313 329.903 3.6 0.4 0.2

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) Indexes 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: Thursday, July 11, 2024