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Friday, July 14, 2017

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Consumer Price Index, Los Angeles area — June 2017

Area prices were down 0.2 percent over the past month, up 2.2 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), edged down 0.2 percent in June, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the June decrease was influenced by lower prices for electricity and apparel. (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 rose 2.2 percent. (See chart 1 and table A.) Energy prices increased 2.0 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy increased 2.3 percent over the year. (See table 1.)

Food

Food prices inched down 0.1 percent for the month of June. (See table 1.) Prices for food at home edged down 0.2 percent, while prices for food away from home were unchanged for the same period.

Over the year, food prices rose 1.6 percent. Prices for food away from home advanced 3.8 percent since a year ago, while prices for food at home were virtually unchanged

Energy

The energy index decreased 2.3 percent over the month. The decrease was mainly due to lower prices for electricity (-5.1 percent). Prices for gasoline declined 1.5 percent, but prices for natural gas service increased 1.3 percent for the same period.

Energy prices increased 2.0 percent over the year, largely due to higher prices for gasoline (2.8 percent). Prices paid for natural gas service jumped 10.6 percent, but prices for electricity decreased 2.1 percent during the past year.

All items less food and energy

The index for all items less food and energy was unchanged in June. Higher prices for other goods and services (1.0 percent) and household furnishings and operations (0.3 percent) were countered by lower prices for apparel (-2.1 percent) and recreation (-0.8 percent).

Over the year, the index for all items less food and energy increased 2.3 percent. Components contributing to the increase included other goods and services (6.5 percent) and shelter (4.1 percent). Partly offsetting the increases were price declines in apparel (-3.6 percent) and education and communication (-2.0 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    

August

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

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 July 2017 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released on Friday August 11, 2017.


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-
Apr.
2017
May
2017
Jun.
2017
Jun.
2016
Apr.
2017
May
2017

Expenditure category

 
 

All items

254.971 255.674 255.275 2.2 0.1 -0.2

All items (1967=100)

753.297 755.374 754.196 - - -

Food and beverages

254.321 255.381 254.967 1.6 0.3 -0.2

Food

254.444 255.493 255.158 1.6 0.3 -0.1

Food at home

253.671 254.910 254.284 -0.1 0.2 -0.2

Food away from home

251.573 252.373 252.400 3.8 0.3 0.0

Alcoholic beverages

237.450 238.612 237.086 1.3 -0.2 -0.6

Housing

286.168 287.251 286.879 3.7 0.2 -0.1

Shelter

327.432 328.269 328.422 4.1 0.3 0.0

Rent of primary residence(1)

344.279 345.534 347.260 5.3 0.9 0.5

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

340.072 340.230 341.146 4.2 0.3 0.3

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

340.053 340.212 341.127 4.2 0.3 0.3

Fuels and utilities

306.090 313.977 307.089 2.1 0.3 -2.2

Household energy

263.247 273.174 264.173 0.9 0.4 -3.3

Energy services(1)

261.715 272.069 262.828 1.1 0.4 -3.4

Electricity(1)

305.458 305.923 290.451 -2.1 -4.9 -5.1

Utility (piped) gas service(1)

206.940 241.258 244.489 10.6 18.1 1.3

Household furnishings and operations

117.355 116.614 116.951 1.7 -0.3 0.3

Apparel

108.911 108.252 105.976 -3.6 -2.7 -2.1

Transportation

198.562 199.023 198.722 1.4 0.1 -0.2

Private transportation

193.114 193.841 193.968 1.9 0.4 0.1

Motor fuel

233.584 233.161 229.595 2.8 -1.7 -1.5

Gasoline (all types)

228.523 228.118 224.607 2.8 -1.7 -1.5

Gasoline, unleaded regular(3)

228.867 228.362 224.833 2.7 -1.8 -1.5

Gasoline, unleaded midgrade(3)(4)

219.006 219.655 216.145 3.2 -1.3 -1.6

Gasoline, unleaded premium(3)

218.778 218.704 215.447 3.1 -1.5 -1.5

Medical care

467.445 469.064 469.507 1.1 0.4 0.1

Recreation(5)

107.131 107.409 106.535 -0.1 -0.6 -0.8

Education and communication(5)

141.997 142.072 142.449 -2.0 0.3 0.3

Other goods and services

410.527 407.766 411.935 6.5 0.3 1.0
 

Commodity and service group

 
 

All items

254.971 255.674 255.275 2.2 0.1 -0.2

Commodities

176.498 176.772 175.949 0.9 -0.3 -0.5

Commodities less food & beverages

135.808 135.747 134.801 0.4 -0.7 -0.7

Nondurables less food & beverages

178.728 178.261 176.649 0.9 -1.2 -0.9

Durables

93.721 94.064 93.774 -0.6 0.1 -0.3

Services

324.808 325.895 325.878 2.8 0.3 0.0
 

Special aggregate indexes

 
 

All items less medical care

245.756 246.421 245.992 2.3 0.1 -0.2

All items less shelter

223.272 223.918 223.265 1.0 0.0 -0.3

Commodities less food

140.174 140.145 139.171 0.4 -0.7 -0.7

Nondurables

217.511 217.737 216.640 1.3 -0.4 -0.5

Nondurables less food

184.361 183.971 182.339 0.9 -1.1 -0.9

Services less rent of shelter(2)

330.104 331.578 331.309 1.0 0.4 -0.1

Services less medical care services

312.469 313.692 313.671 3.0 0.4 0.0

Energy

245.837 249.385 243.719 2.0 -0.9 -2.3

All items less energy

257.596 258.090 258.085 2.2 0.2 0.0

All items less food and energy

258.472 258.872 258.924 2.3 0.2 0.0

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: Friday, July 14, 2017