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18-1949-SAN
Wednesday, December 12, 2018

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Consumer Price Index, Los Angeles area — November 2018

Area prices were down 0.3 percent over the past month, up 3.6 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 0.3 percent in November, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the November decrease was influenced by lower prices for gasoline 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 increased 3.6 percent. (See chart 1 and table A.) Energy prices jumped 10.6 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy advanced 3.4 percent over the year. (See table 1.)

Food

Food prices increased 0.6 percent for the month of November. (See table 1.) Prices for food away from home rose 1.3 percent, but prices for food at home edged down 0.1 percent for the same period.

Over the year, food prices increased 2.0 percent. Prices for food away from home moved up 4.2 percent since a year ago, but prices for food at home moved down 0.2 percent.

Energy

The energy index declined 4.2 percent over the month. The decrease was mainly due to lower prices for gasoline (-5.2 percent). Prices for natural gas service declined 7.6 percent, and prices for electricity decreased 0.3 percent for the same period.

Energy prices jumped 10.6 percent over the year, largely due to higher prices for gasoline (13.3 percent). Prices paid for natural gas service advanced 7.1 percent, and prices for electricity increased 4.7 percent during the past year.

All items less food and energy

The index for all items less food and energy declined 0.2 percent in November. Lower prices for apparel (-3.8 percent) and household furnishings and operations (-2.6 percent) were partially offset by higher prices for new and used motor vehicles (0.7 percent) and shelter (0.1 percent).

Over the year, the index for all items less food and energy advanced 3.4 percent. Components contributing to the increase included shelter (4.8 percent) and apparel (4.1 percent). Partly offsetting the increases was a price decline in medical care (-0.7 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  0.7  3.6

March

0.1 1.3 0.6 1.0 1.0 0.5 0.3 1.7 0.3 2.7  0.4  3.8

April

-0.4 0.9 0.0 1.4 -0.1 0.5 0.2 2.0 0.2 2.7  0.4 4.0

May

0.1 1.0 0.4 1.7 1.0 1.1 0.5 1.4 0.3 2.5  0.4  4.1

June

-0.1 1.4 0.1 1.8 -0.3 0.8 0.1 1.8 -0.2 2.2  -0.2 4.0

July

-0.1 1.3 0.1 2.0 0.7 1.4 0.0 1.1 0.3 2.5  0.2  3.9

August

0.1 0.8 -0.1 1.8 -0.3 1.1 0.0 1.4 0.3 2.8  0.2 3.9

September

0.2 0.6 0.0 1.7 -0.4 0.7 0.2 1.9 0.4 3.1  0.5  3.9

October

0.1 -0.1 -0.1 1.4 0.2 1.0 0.4 2.2 0.4 3.1  0.5  4.1

November

-0.5 0.4 -0.7 1.3 0.0 1.6 -0.4 1.8 0.1 3.6  -0.3  3.6

December

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

The December 2018 Consumer Price Index for the Los Angeles-Long Beach-Anaheim area is scheduled to be released on January 11, 2019.

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. Additional information on the geographic revision is available at: www.bls.gov/cpi/additional-resources/geographic-revision-2018.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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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-
Sep.
2018
Oct.
2018
Nov.
2018
Nov.
2017
Sep.
2018
Oct.
2018

Expenditure category

All items

268.032 269.482 268.560 3.6 0.2 -0.3

All items (1967=100)

791.885 796.171 793.446 - - -

Food and beverages

259.086 259.845 261.228 1.9 0.8 0.5

Food

259.224 260.141 261.629 2.0 0.9 0.6

Food at home

252.074 253.400 253.093 -0.2 0.4 -0.1

Cereals and bakery products

258.513 263.985 265.799 - 2.8 0.7

Meats, poultry, fish, and eggs

275.440 275.054 278.024 - 0.9 1.1

Dairy and related products

236.652 238.808 240.482 - 1.6 0.7

Fruits and vegetables

342.875 337.874 337.767 - -1.5 0.0

Nonalcoholic beverages and beverage materials(1)

258.852 263.469 259.688 - 0.3 -1.4

Other food at home

196.376 199.013 195.746 - -0.3 -1.6

Food away from home

263.212 263.691 267.031 4.2 1.5 1.3

Food away from home

263.212 263.691 267.031 4.2 1.5 1.3

Alcoholic beverages

241.451 240.045 239.931 0.2 -0.6 0.0

Housing

305.084 306.063 305.329 4.7 0.1 -0.2

Shelter

351.857 351.784 352.139 4.8 0.1 0.1

Rent of primary residence(2)

368.921 370.737 372.992 5.0 1.1 0.6

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

364.493 365.443 366.574 5.0 0.6 0.3

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

364.472 365.422 366.553 5.0 0.6 0.3

Fuels and utilities

318.091 326.495 321.352 5.4 1.0 -1.6

Household energy

270.285 280.866 274.505 5.1 1.6 -2.3

Energy services(2)

269.007 279.592 273.276 5.2 1.6 -2.3

Electricity(2)

296.112 320.656 319.592 4.7 7.9 -0.3

Utility (piped) gas service(2)

248.728 232.536 214.830 7.1 -13.6 -7.6

Household furnishings and operations

118.629 120.942 117.857 2.9 -0.7 -2.6

Apparel

111.272 112.145 107.913 4.1 -3.0 -3.8

Transportation

213.810 217.768 215.680 5.4 0.9 -1.0

Private transportation

211.703 215.172 212.739 5.9 0.5 -1.1

New and used motor vehicles(4)

90.508 90.874 91.525 - 1.1 0.7

New vehicles(1)

167.570 167.896 168.836 - 0.8 0.6

Used cars and trucks(1)

261.108 263.185 265.900 - 1.8 1.0

Motor fuel

284.090 297.004 281.614 13.3 -0.9 -5.2

Gasoline (all types)

277.522 290.160 275.024 13.3 -0.9 -5.2

Gasoline, unleaded regular(4)

278.264 291.076 275.743 13.4 -0.9 -5.3

Gasoline, unleaded midgrade(4)(5)

266.288 278.089 264.453 13.4 -0.7 -4.9

Gasoline, unleaded premium(4)

263.818 275.134 261.426 12.4 -0.9 -5.0

Motor vehicle insurance(1)

782.725 782.657 782.657 - 0.0 0.0

Medical care

469.547 472.920 473.339 -0.7 0.8 0.1

Recreation(6)

107.373 108.158 108.583 0.4 1.1 0.4

Education and communication(6)

148.874 148.240 147.138 1.6 -1.2 -0.7

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

1,907.451 1,908.743 1,908.743 - 0.1 0.0

Other goods and services

430.392 430.469 431.331 4.3 0.2 0.2

Commodity and service group

All items

268.032 269.482 268.560 3.6 0.2 -0.3

Commodities

182.161 184.328 182.141 2.4 0.0 -1.2

Commodities less food & beverages

141.385 143.946 140.548 2.7 -0.6 -2.4

Nondurables less food & beverages

194.276 198.329 192.166 5.7 -1.1 -3.1

Durables

90.609 91.804 90.875 -2.1 0.3 -1.0

Services

344.466 345.289 345.479 4.2 0.3 0.1

Special aggregate indexes

All items less medical care

259.171 260.542 259.573 4.0 0.2 -0.4

All items less shelter

231.225 233.375 231.868 2.8 0.3 -0.6

Commodities less food

145.780 148.270 144.916 2.6 -0.6 -2.3

Nondurables

228.489 231.127 228.277 3.7 -0.1 -1.2

Nondurables less food

199.497 203.309 197.391 5.3 -1.1 -2.9

Services less rent of shelter(3)

343.165 345.308 345.210 3.3 0.6 0.0

Services less medical care services

333.230 333.958 334.097 4.7 0.3 0.0

Energy

281.307 293.500 281.149 10.6 -0.1 -4.2

All items less energy

269.273 270.021 269.851 3.2 0.2 -0.1

All items less food and energy

271.259 271.982 271.552 3.4 0.1 -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: Wednesday, December 12, 2018