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18-1162-SAN
Thursday, July 12, 2018

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Consumer Price Index, San Francisco Area — June 2018

Area prices were up 0.9 percent over the past two months, up 3.9 percent from a year ago

Prices in the San Francisco area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.9 percent for the two months ending in June 2018, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the June 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 3.9 percent.  (See chart 1 and table A.) Energy prices jumped 11.6 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy advanced 3.7 percent over the year. (See table 1.)

Food

Food prices advanced 0.3 percent for the two months ending in June. (See table 1.) Prices for food away from home moved up 0.4 percent, and prices for food at home rose 0.2 percent for the same period.

Over the year, food prices increased 2.5 percent. Prices for food away from home advanced 3.9 percent since a year ago, and prices for food at home increased 1.0 percent.

Energy

The energy index increased 2.9 percent for the two months ending in June. The increase was mainly due to higher prices for gasoline (4.7 percent). Prices for electricity advanced 2.7 percent, but prices for natural gas service decreased 8.1 percent for the same period.

Energy prices jumped 11.6 percent over the year, largely due to higher prices for gasoline (22.1 percent). Prices paid for electricity advanced 0.3 percent, but prices for natural gas service declined 7.3 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 0.9 percent in the latest two-month period. Higher prices for other goods and services (3.2 percent), medical care (1.5 percent), and shelter (1.2 percent) were partially offset by lower prices for apparel (-6.1 percent) and household furnishings and operations (-0.5 percent).

Over the year, the index for all items less food and energy advanced 3.7 percent. Components contributing to the increase included other goods and services (6.0 percent), shelter (4.8 percent), and medical care (3.7 percent). Partly offsetting the increases was a price decline in apparel (-7.8 percent).

Table A. San Francisco-Oakland-San Jose CPI-U bi-monthly and annual percent changes (not seasonally adjusted)
Month 2013 2014 2015 2016 2017 2018
Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual Bi-monthly Annual

February

1.3 2.4 1.2 2.4 1.0 2.5 0.9 3.0 0.8 3.4  1.4 3.6

April

0.8 2.4 1.2 2.8 1.1 2.4 0.7 2.7 1.1 3.8  0.8 3.2

June

0.5 2.6 0.7 3.0 0.6 2.3 0.6 2.7 0.3 3.5  0.9 3.9

August

0.1 2.0 0.0 3.0 0.3 2.6 0.7 3.1 0.2 3.0    

October

0.2 1.6 0.5 3.2 0.4 2.6 0.9 3.6 0.6 2.7    

December

-0.4 2.6 -0.9 2.7 -0.3 3.2 -0.3 3.5 -0.1 2.9    

The August 2018 Consumer Price Index for the San Francisco-Oakland-Hayward area is scheduled to be released on September 13, 2018.

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, the index for this area was renamed. 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 94 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 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 San Francisco-Oakland-Hayward, CA. metropolitan area covered in this release is comprised of Alameda, Contra Costa, Marin, San Francisco, San Mateo 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

San Francisco-Oakland-Hayward, CA (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Apr.
2018
May
2018
Jun.
2018
Jun.
2017
Apr.
2018
May
2018

Expenditure category

All items

283.422 - 286.062 3.9 0.9 -

All items (1967=100)

871.318 - 879.435 - - -

Food and beverages

275.824 - 277.635 3.5 0.7 -

Food

274.054 - 274.904 2.5 0.3 -

Food at home

251.268 252.386 251.694 1.0 0.2 -0.3

Cereals and bakery products

259.232 - 260.077 - 0.3 -

Meats, poultry, fish, and eggs

251.222 - 246.948 - -1.7 -

Dairy and related products

263.292 - 267.807 - 1.7 -

Fruits and vegetables

327.194 - 333.370 - 1.9 -

Nonalcoholic beverages and beverage materials(1)

201.298 - 202.207 - 0.5 -

Other food at home

220.387 - 219.599 - -0.4 -

Food away from home

301.409 - 302.712 3.9 0.4 -

Food away from home

301.409 - 302.712 3.9 0.4 -

Alcoholic beverages

298.802 - 308.746 13.6 3.3 -

Housing

334.450 - 337.975 4.3 1.1 -

Shelter

381.346 382.009 386.091 4.8 1.2 1.1

Rent of primary residence(2)

437.317 438.551 440.273 5.9 0.7 0.4

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

409.806 410.596 413.614 3.7 0.9 0.7

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

409.806 410.596 413.614 3.7 0.9 0.7

Fuels and utilities

398.564 - 399.068 0.7 0.1 -

Household energy

351.500 353.970 350.925 -2.0 -0.2 -0.9

Energy services(2)

352.377 354.796 351.606 -2.2 -0.2 -0.9

Electricity(2)

363.126 373.069 373.069 0.3 2.7 0.0

Utility (piped) gas service(2)

319.210 304.055 293.509 -7.3 -8.1 -3.5

Household furnishings and operations

139.086 - 138.409 1.6 -0.5 -

Apparel

113.888 - 106.919 -7.8 -6.1 -

Transportation

203.714 - 208.568 7.5 2.4 -

Private transportation

197.556 - 201.553 9.3 2.0 -

New and used motor vehicles(4)

96.712 - 97.703 - 1.0 -

New vehicles(1)

160.814 - 165.081 - 2.7 -

Used cars and trucks(1)

253.391 - 253.039 - -0.1 -

Motor fuel

264.816 276.100 277.231 22.1 4.7 0.4

Gasoline (all types)

263.890 275.117 276.204 22.1 4.7 0.4

Gasoline, unleaded regular(4)

264.259 275.630 276.486 22.1 4.6 0.3

Gasoline, unleaded midgrade(4)(5)

243.744 254.386 257.711 21.8 5.7 1.3

Gasoline, unleaded premium(4)

249.261 259.119 260.934 21.7 4.7 0.7

Motor vehicle insurance(1)

505.695 - 505.695 - 0.0 -

Medical care

504.092 - 511.465 3.7 1.5 -

Recreation(6)

115.162 - 115.635 2.8 0.4 -

Education and communication(6)

142.854 - 143.185 1.0 0.2 -

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

1,660.883 - 1,664.953 - 0.2 -

Other goods and services

478.861 - 494.060 6.0 3.2 -

Commodity and service group

All items

283.422 - 286.062 3.9 0.9 -

Commodities

189.611 - 190.438 3.2 0.4 -

Commodities less food & beverages

143.038 - 143.374 3.1 0.2 -

Nondurables less food & beverages

189.042 - 189.141 4.7 0.1 -

Durables

98.746 - 99.282 0.4 0.5 -

Services

361.570 - 365.697 4.2 1.1 -

Special aggregate indexes

All items less medical care

274.409 - 276.860 3.9 0.9 -

All items less shelter

242.950 - 244.644 3.2 0.7 -

Commodities less food

149.553 - 150.345 3.8 0.5 -

Nondurables

233.707 - 234.667 3.9 0.4 -

Nondurables less food

197.238 - 198.269 5.6 0.5 -

Services less rent of shelter(3)

352.323 - 355.743 3.2 1.0 -

Services less medical care services

352.848 - 356.748 4.2 1.1 -

Energy

301.993 310.846 310.676 11.6 2.9 -0.1

All items less energy

285.968 - 288.352 3.6 0.8 -

All items less food and energy

288.633 - 291.270 3.7 0.9 -

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: Thursday, July 12, 2018