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17-1279-SAN
Thursday, September 14, 2017

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Consumer Price Index, Los Angeles area — August 2017

Area prices were up 0.3 percent over the past month, up 2.8 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 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the August increase was influenced by higher prices for shelter 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 increased 2.8 percent. (See chart 1 and table A.) Energy prices rose 5.6 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy increased 2.7 percent over the year. (See table 1.)

Food

Food prices decreased 0.3 percent for the month of August. (See table 1.) Prices for food at home declined 0.5 percent, but prices for food away from home edged up 0.1 percent for the same period.

Over the year, food prices rose 2.0 percent. Prices for food away from home advanced 4.5 percent since a year ago, while prices for food at home were virtually unchanged.

Energy

The energy index rose 1.6 percent over the month. The increase was mainly due to higher prices for gasoline (2.8 percent). Prices for electricity were unchanged, while prices for natural gas service edged down 0.2 percent for the same period.

Energy prices rose 5.6 percent over the year, largely due to higher prices for gasoline (12.0 percent). Prices paid for natural gas service decreased 3.2 percent,  and prices for electricity decreased 2.2 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.3 percent in August. Higher prices for apparel (1.0 percent) and shelter (0.6 percent) were partially offset by lower prices for recreation (-0.3 percent) and medical care (-0.1 percent).

Over the year, the index for all items less food and energy increased 2.7 percent. Components contributing to the increase included other goods and services (6.1 percent) and shelter (4.3 percent). Partly offsetting the increases was a price decline in apparel (-5.7 percent).

Table A. Los Angeles-Riverside-Orange County CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2012 2013 2014 2015 2016 2017
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

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

February

0.5 2.1 0.7 2.2 0.5 0.5 0.7 0.1 0.0 2.4 0.6 2.7

March

1.0 2.0 0.1 1.3 0.6 1.0 1.0 0.5 0.3 1.7 0.3 2.7

April

0.0 1.5 -0.4 0.9 0.0 1.4 -0.1 0.5 0.2 2.0 0.2 2.7

May

0.1 1.6 0.1 1.0 0.4 1.7 1.0 1.1 0.5 1.4 0.3 2.5

June

-0.4 1.6 -0.1 1.4 0.1 1.8 -0.3 0.8 0.1 1.8 -0.2 2.2

July

-0.1 1.9 -0.1 1.3 0.1 2.0 0.7 1.4 0.0 1.1 0.3 2.5

August

0.6 2.3 0.1 0.8 -0.1 1.8 -0.3 1.1 0.0 1.4 0.3 2.8

September

0.4 2.2 0.2 0.6 0.0 1.7 -0.4 0.7 0.2 1.9    

October

0.8 3.0 0.1 -0.1 -0.1 1.4 0.2 1.0 0.4 2.2    

November

-1.0 2.1 -0.5 0.4 -0.7 1.3 0.0 1.6 -0.4 1.8    

December

-0.7 1.9 0.0 1.1 -0.5 0.7 -0.1 2.0 0.0 2.0    

The September 2017 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released on October 13, 2017.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, Los Angeles and Riverside will have separate indexes. The first indexes using the new structure will be published in February 2018. 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 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 6,000 housing units and approximately 24,000 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-Riverside-Orange County, CA. metropolitan area covered in this release is comprised of Los Angeles, Orange, Riverside, San Bernardino, and Ventura 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-Riverside-Orange County, CA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Jun.
2017
Jul.
2017
Aug.
2017
Aug.
2016
Jun.
2017
Jul.
2017

Expenditure category

 
 

All items

255.275 256.023 256.739 2.8 0.6 0.3

All items (1967=100)

754.196 756.405 758.521 - - -

Food and beverages

254.967 256.155 255.487 1.9 0.2 -0.3

Food

255.158 256.524 255.877 2.0 0.3 -0.3

Food at home

254.284 254.786 253.407 0.1 -0.3 -0.5

Food away from home

252.400 254.810 255.075 4.5 1.1 0.1

Alcoholic beverages

237.086 235.649 234.701 -0.8 -1.0 -0.4

Housing

286.879 288.012 289.452 3.8 0.9 0.5

Shelter

328.422 330.223 332.242 4.3 1.2 0.6

Rent of primary residence(1)

347.260 348.898 350.842 5.1 1.0 0.6

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

341.146 343.386 345.158 4.3 1.2 0.5

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

341.127 343.367 345.138 4.3 1.2 0.5

Fuels and utilities

307.089 305.844 305.732 0.8 -0.4 0.0

Household energy

264.173 262.398 262.274 -2.3 -0.7 0.0

Energy services(1)

262.828 261.037 260.901 -2.5 -0.7 -0.1

Electricity(1)

290.451 290.636 290.631 -2.2 0.1 0.0

Utility (piped) gas service(1)

244.489 237.957 237.504 -3.2 -2.9 -0.2

Household furnishings and operations

116.951 116.628 116.584 2.5 -0.3 0.0

Apparel

105.976 104.844 105.922 -5.7 -0.1 1.0

Transportation

198.722 196.789 197.851 4.4 -0.4 0.5

Private transportation

193.968 192.507 194.299 5.0 0.2 0.9

Motor fuel

229.595 223.750 230.041 12.0 0.2 2.8

Gasoline (all types)

224.607 218.844 225.027 12.0 0.2 2.8

Gasoline, unleaded regular(3)

224.833 218.910 225.207 12.1 0.2 2.9

Gasoline, unleaded midgrade(3)(4)

216.145 210.910 216.434 11.5 0.1 2.6

Gasoline, unleaded premium(3)

215.447 210.705 216.132 12.0 0.3 2.6

Medical care

469.507 474.778 474.509 1.5 1.1 -0.1

Recreation(5)

106.535 107.220 106.849 0.5 0.3 -0.3

Education and communication(5)

142.449 143.696 143.587 0.3 0.8 -0.1

Other goods and services

411.935 416.736 416.493 6.1 1.1 -0.1
 

Commodity and service group

 
 

All items

255.275 256.023 256.739 2.8 0.6 0.3

Commodities

175.949 175.886 176.177 2.0 0.1 0.2

Commodities less food & beverages

134.801 134.231 134.898 2.1 0.1 0.5

Nondurables less food & beverages

176.649 175.941 177.558 3.5 0.5 0.9

Durables

93.774 93.340 93.067 -0.3 -0.8 -0.3

Services

325.878 327.351 328.448 3.2 0.8 0.3
 

Special aggregate indexes

 
 

All items less medical care

245.992 246.563 247.314 2.9 0.5 0.3

All items less shelter

223.265 223.536 223.663 1.9 0.2 0.1

Commodities less food

139.171 138.572 139.205 2.0 0.0 0.5

Nondurables

216.640 216.790 217.391 2.6 0.3 0.3

Nondurables less food

182.339 181.583 183.093 3.2 0.4 0.8

Services less rent of shelter(2)

331.309 332.326 332.082 1.7 0.2 -0.1

Services less medical care services

313.671 314.998 316.137 3.4 0.8 0.4

Energy

243.719 239.415 243.267 5.6 -0.2 1.6

All items less energy

258.085 259.220 259.705 2.6 0.6 0.2

All items less food and energy

258.924 260.020 260.698 2.7 0.7 0.3

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: Thursday, September 14, 2017