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News Release Information

24-2132-SAN
Thursday, October 10, 2024

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

Consumer Price Index, Riverside Area — September 2024

Area prices were unchanged over the past two months, up 1.4 percent from a year ago

Prices in the Riverside area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were unchanged for the two months ending in September 2024, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that higher prices for food were offset by lower prices for shelter. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U rose 1.4 percent. (See chart 1 and table A.) Food prices advanced 3.1 percent. Energy prices declined 14.4 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 2.8 percent over the year. (See table 1.)

Food

Food prices advanced 1.2 percent for the two months ending in September. (See table 1.) Prices for food at home increased 0.8 percent, led by higher prices for cereals and bakery products (3.2 percent) and meats, poultry, fish, and eggs (3.1 percent). Prices for food away from home rose 1.6 percent for the same period.

Over the year, food prices advanced 3.1 percent. Prices for food at home edged down 0.1 percent since a year ago, led by lower prices for other food at home (-4.0 percent) and fruits and vegetables (-2.9 percent). Prices for food away from home rose 7.5 percent.

Energy

The energy index fell 1.9 percent for the two months ending in September. The decrease was mainly due to lower prices for gasoline (-3.0 percent). Prices for natural gas service fell 0.4 percent, and prices for electricity decreased 0.2 percent for the same period.

Energy prices declined 14.4 percent over the year, largely due to lower prices for gasoline (-20.2 percent). Prices paid for natural gas service decreased 11.5 percent, and prices for electricity declined 0.3 percent during the past year.

All items less food and energy

The index for all items less food and energy was unchanged in the latest two-month period. Higher prices for apparel (5.2 percent) and medical care (1.6 percent) were partially offset by lower prices for recreation (-2.7 percent) and shelter (-0.4 percent).

Over the year, the index for all items less food and energy increased 2.8 percent. Components contributing to the increase included medical care (7.7 percent) and shelter (3.6 percent). Partly offsetting the increases were price decreases in other goods and services (-4.9 percent), household furnishings and operations (-3.3 percent), and new and used motor vehicles (-1.4 percent).

Table A. Riverside-San Bernardino-Ontario, CA, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

January

0.5 3.0 0.9 2.2 1.5 8.6 1.3 7.3 0.0 2.9

March

0.0 2.3 1.3 3.6 2.7 10.0 0.0 4.6 1.4 4.3

May

-0.2 0.9 2.0 5.9 1.4 9.4 0.8 3.9 0.6 4.0

July

0.7 1.7 1.3 6.5 1.1 9.2 0.6 3.4 -0.6 2.8

September

0.5 1.7 0.8 6.8 0.0 8.4 1.4 4.9 0.0 1.4

November

0.4 1.9 1.4 7.9 0.6 7.5 0.0 4.3

The November 2024 Consumer Price Index for the Riverside area is scheduled to be released on December 11, 2024.


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 Consumer Price Index for Riverside is published bi-monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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 Riverside-San Bernardino-Ontario, CA Core Based Statistical Area includes Riverside and San Bernardino Counties in California.

Refer to the national CPI news release technical note or the Handbook of Methods for more information.

Information in this release will be made available to individuals with sensory impairments 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

Riverside-San Bernardino-Ontario (December 2017=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Historical
data
Jul.
2024
Aug.
2024
Sep.
2024
Sep.
2023
Jul.
2024
Aug.
2024

Expenditure category

All items

133.113 - 133.179 1.4 0.0 -

Food and beverages

135.585 - 137.177 2.9 1.2 -

Food

137.027 - 138.626 3.1 1.2 -

Food at home

131.480 129.601 132.510 -0.1 0.8 2.2

Cereals and bakery products

151.587 152.755 156.507 4.6 3.2 2.5

Meats, poultry, fish, and eggs

135.791 138.235 140.032 1.2 3.1 1.3

Dairy and related products

110.765 109.073 113.482 1.0 2.5 4.0

Fruits and vegetables

132.230 126.768 129.306 -2.9 -2.2 2.0

Nonalcoholic beverages and beverage materials

129.008 125.901 130.311 3.4 1.0 3.5

Other food at home

125.224 121.080 123.397 -4.0 -1.5 1.9

Food away from home

145.176 - 147.521 7.5 1.6 -

Alcoholic beverages

109.218 - 110.665 - 1.3 -

Housing

140.346 - 139.897 2.4 -0.3 -

Shelter

141.036 140.019 140.465 3.6 -0.4 0.3

Rent of primary residence

144.948 143.756 144.571 3.0 -0.3 0.6

Owners' equiv. rent of residences

139.124 138.773 139.909 4.3 0.6 0.8

Owners' equiv. rent of primary residence

139.124 138.773 139.909 4.3 0.6 0.8

Fuels and utilities

155.602 - 155.358 -0.8 -0.2 -

Household energy

161.521 161.180 161.136 -3.0 -0.2 0.0

Energy services

162.732 162.392 162.392 -3.1 -0.2 0.0

Electricity

169.541 169.079 169.248 -0.3 -0.2 0.1

Utility (piped) gas service

142.999 143.114 142.469 -11.5 -0.4 -0.5

Household furnishings and operations

118.117 - 118.296 -3.3 0.2 -

Apparel

109.738 - 115.484 2.0 5.2 -

Transportation

136.962 - 137.255 -1.1 0.2 -

Private transportation

140.386 - 139.972 -1.2 -0.3 -

New and used motor vehicles

116.017 - 115.806 -1.4 -0.2 -

New vehicles

113.853 - 113.635 -1.5 -0.2 -

Used cars and trucks

131.208 - 130.079 -4.5 -0.9 -

Motor fuel

152.140 147.428 147.618 -20.4 -3.0 0.1

Gasoline (all types)

152.274 147.482 147.756 -20.2 -3.0 0.2

Gasoline, unleaded regular(1)

152.613 147.704 147.926 -20.5 -3.1 0.2

Gasoline, unleaded midgrade(1)

152.853 148.337 148.806 -19.8 -2.6 0.3

Gasoline, unleaded premium(1)

150.190 145.833 146.279 -19.0 -2.6 0.3

Medical care

129.205 - 131.311 7.7 1.6 -

Recreation

112.235 - 109.260 -1.5 -2.7 -

Education and communication

110.293 - 109.788 0.1 -0.5 -

Tuition, other school fees, and child care

- - 130.894 2.6 - -

Other goods and services

127.964 - 125.217 -4.9 -2.1 -

Commodity and service group

All items

133.113 - 133.179 1.4 0.0 -

Commodities

125.410 - 125.726 -2.5 0.3 -

Commodities less food & beverages

119.949 - 119.476 -5.6 -0.4 -

Nondurables less food & beverages

128.351 - 128.139 -8.0 -0.2 -

Durables

111.173 - 110.410 -3.3 -0.7 -

Services

138.552 - 138.461 4.0 -0.1 -

Special aggregate indexes

All items less medical care

133.404 - 133.334 1.0 -0.1 -

All items less shelter

129.023 - 129.421 0.1 0.3 -

Commodities less food

119.573 - 119.166 -5.6 -0.3 -

Nondurables

132.111 - 132.876 -2.5 0.6 -

Nondurables less food

127.258 - 127.152 -7.9 -0.1 -

Services less rent of shelter

134.803 - 135.327 4.4 0.4 -

Services less medical care services

139.370 - 139.249 4.0 -0.1 -

Energy

156.226 153.149 153.251 -14.4 -1.9 0.1

All items less energy

130.957 - 131.233 2.9 0.2 -

All items less food and energy

130.009 - 130.056 2.8 0.0 -

Footnotes
(1) Special index based on a substantially smaller sample.

- Data not available
NOTE: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Thursday, October 10, 2024