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News Release Information

24-1709-SAN
Wednesday, August 14, 2024

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

Consumer Price Index, San Diego Area — July 2024

Area prices were up 0.6 percent over the past two months, up 3.5 percent from a year ago

Prices in the San Diego area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.6 percent for the two months ending in July 2024, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Chris Rosenlund noted that the July increase was influenced by higher 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 3.5 percent. (See chart 1 and table A.) Food prices rose 5.6 percent. Energy prices fell 6.2 percent, largely the result of a decrease in the price of electricity. The index for all items less food and energy increased 3.9 percent over the year. (See table 1.)

Food

Food prices rose 0.8 percent for the two months ending in July. (See table 1.) Prices for food at home declined 1.2 percent, with lower prices in four of the six grocery categories. Prices for food away from home advanced 3.4 percent for the same period.

Over the year, food prices rose 5.6 percent. Prices for food at home rose 1.3 percent since a year ago, led by higher prices for cereals and bakery products (5.1 percent). Prices for food away from home advanced 12.0 percent.

Energy

The energy index decreased 5.5 percent for the two months ending in July. The decrease was mainly due to lower prices for gasoline (-8.4 percent). Prices for electricity declined 0.3 percent, while prices for natural gas service advanced 3.3 percent for the same period.

Energy prices fell 6.2 percent over the year, largely due to lower prices for electricity (-12.4 percent). Prices for natural gas service fell 11.3 percent during the past year, and prices paid for gasoline declined 3.3 percent.

All items less food and energy

The index for all items less food and energy rose 1.0 percent in the latest two-month period. Higher prices for recreation (4.2 percent) and shelter (1.4 percent) were partially offset by lower prices for new and used motor vehicles (-0.3 percent).

Over the year, the index for all items less food and energy increased 3.9 percent. Components contributing to the increase included shelter (6.5 percent), other goods and services (3.6 percent), and medical care (2.7 percent). Partly offsetting the increases were price decreases in new and used motor vehicles (-5.2 percent) and apparel (-1.5 percent).

Table A. San Diego-Carlsbad, 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

0.3 2.3 0.4 1.7 2.0 8.2 1.8 6.4 0.4 3.8

March

0.0 1.8 2.4 4.1 2.1 7.9 1.0 5.3 0.8 3.6

May

-0.4 0.3 0.7 5.3 1.1 8.3 0.9 5.2 0.5 3.2

July

1.4 2.1 2.1 6.0 1.2 7.3 0.3 4.3 0.6 3.5

September

-0.4 1.1 0.1 6.5 0.9 8.2 1.3 4.7

November

0.6 1.6 0.7 6.6 -0.7 6.7 -0.2 5.2

The September 2024 Consumer Price Index for the San Diego area is scheduled to be released on October 10, 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 San Diego-Carlsbad, CA metropolitan area includes San Diego County in 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

San Diego-Carlsbad (1982-84=100 unless otherwise noted)
Item and Group

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

Expenditure category

All items

372.858 - 375.072 3.5 0.6 -

All items (1967=100)

1,260.747 - 1,268.232 - - -

Food and beverages

328.595 - 330.805 5.2 0.7 -

Food

327.505 - 329.972 5.6 0.8 -

Food at home

294.063 291.477 290.669 1.3 -1.2 -0.3

Cereals and bakery products

403.212 393.756 394.104 5.1 -2.3 0.1

Meats, poultry, fish, and eggs

284.507 280.034 277.955 1.1 -2.3 -0.7

Dairy and related products

244.798 235.539 234.712 -1.3 -4.1 -0.4

Fruits and vegetables

289.729 290.444 290.019 -1.1 0.1 -0.1

Nonalcoholic beverages and beverage materials(1)

326.917 321.358 319.859 1.5 -2.2 -0.5

Other food at home

284.519 286.816 286.445 1.6 0.7 -0.1

Food away from home

371.075 - 383.685 12.0 3.4 -

Alcoholic beverages

325.384 - 323.370 -0.2 -0.6 -

Housing

452.450 - 457.909 4.9 1.2 -

Shelter

518.072 520.648 525.179 6.5 1.4 0.9

Rent of primary residence(2)

516.186 518.880 522.273 6.3 1.2 0.7

Owners' equiv. rent of residences(2)

551.376 552.888 557.021 6.5 1.0 0.7

Owners' equiv. rent of primary residence(2)

551.376 552.888 557.021 6.5 1.0 0.7

Fuels and utilities

461.153 - 462.372 -5.7 0.3 -

Household energy

436.862 436.570 438.777 -11.7 0.4 0.5

Energy services

432.470 432.274 434.435 -11.9 0.5 0.5

Electricity

432.842 431.711 431.711 -12.4 -0.3 0.0

Utility (piped) gas service

281.554 283.835 290.807 -11.3 3.3 2.5

Household furnishings and operations

215.346 - 215.624 -0.9 0.1 -

Apparel

175.893 - 177.667 -1.5 1.0 -

Transportation

302.397 - 294.030 0.0 -2.8 -

Private transportation

304.238 - 295.322 0.7 -2.9 -

New and used motor vehicles(3)

131.352 - 130.972 -5.2 -0.3 -

New vehicles(1)

259.552 - 258.594 -1.7 -0.4 -

Used cars and trucks(1)

302.311 - 299.105 -10.6 -1.1 -

Motor fuel

414.001 387.788 380.074 -3.4 -8.2 -2.0

Gasoline (all types)

414.664 388.128 379.958 -3.3 -8.4 -2.1

Gasoline, unleaded regular(4)

429.367 401.367 392.805 -3.4 -8.5 -2.1

Gasoline, unleaded midgrade(4)(5)

362.013 340.042 332.705 -3.0 -8.1 -2.2

Gasoline, unleaded premium(4)

424.260 398.913 390.941 -2.9 -7.9 -2.0

Medical care

568.695 - 569.408 2.7 0.1 -

Recreation(3)

185.455 - 193.252 2.7 4.2 -

Education and communication(3)

141.623 - 142.188 0.3 0.4 -

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

1,677.607 - 1,681.739 1.0 0.2 -

Other goods and services

512.427 - 522.177 3.6 1.9 -

Commodity and service group

All items

372.858 - 375.072 3.5 0.6 -

Commodities

245.470 - 243.891 -0.4 -0.6 -

Commodities less food & beverages

203.486 - 200.404 -3.7 -1.5 -

Nondurables less food & beverages

253.128 - 246.949 -1.8 -2.4 -

Durables

155.009 - 154.418 -5.8 -0.4 -

Services

485.110 - 490.739 5.4 1.2 -

Special aggregate indexes

All items less medical care

363.446 - 365.720 3.5 0.6 -

All items less shelter

314.407 - 314.288 1.4 0.0 -

Commodities less food

208.709 - 205.617 -3.5 -1.5 -

Nondurables

292.349 - 290.186 1.9 -0.7 -

Nondurables less food

260.184 - 254.147 -1.7 -2.3 -

Services less rent of shelter(2)

468.318 - 471.845 3.6 0.8 -

Services less medical care services

472.419 - 478.423 5.5 1.3 -

Energy

422.577 403.984 399.196 -6.2 -5.5 -1.2

All items less energy

373.324 - 376.951 4.1 1.0 -

All items less food and energy

382.775 - 386.614 3.9 1.0 -

Footnotes
(1) Indexes on a November 1977=100 base.
(2) Indexes on a November 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.

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

 

Last Modified Date: Wednesday, August 14, 2024