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18-1837-SAN
Wednesday, November 14, 2018

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Consumer Price Index, San Francisco Area — October 2018

Area prices were up 0.7 percent over the past two months, up 4.4 percent from a year ago

Prices in the San Francisco area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.7 percent for the two months ending in October 2018, the U.S. Bureau of Labor Statistics reported today. (See table A.) Assistant Commissioner for Regional Operations Richard Holden noted that the October increase was influenced by higher prices for shelter and education and communication. (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 advanced 4.4 percent.  (See chart 1 and table A.) Energy prices jumped 14.2 percent, largely the result of an increase in the price of gasoline. The index for all items less food and energy rose 3.8 percent over the year. (See table 1.)

Food

Food prices edged up 0.1 percent for the two months ending in October. (See table 1.) Prices for food away from home advanced 0.4 percent, but prices for food at home declined 0.3 percent for the same period.

Over the year, food prices advanced 4.7 percent. Prices for food away from home rose 6.4 percent since a year ago, and prices for food at home advanced 2.6 percent.

Energy

The energy index advanced 2.1 percent for the two months ending in October. The increase was mainly due to higher prices for gasoline (4.1 percent). Prices for electricity advanced 1.7 percent, but prices for natural gas service dropped 10.3 percent for the same period.

Energy prices jumped 14.2 percent over the year, largely due to higher prices for gasoline (25.3 percent). Prices paid for electricity advanced 2.0 percent, but prices for natural gas service declined 7.2 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.7 percent in the latest two-month period. Higher prices were noted for apparel (3.5 percent), education and communication (2.2 percent), and shelter (0.4 percent).

Over the year, the index for all items less food and energy rose 3.8 percent. Components contributing to the increase included education and communication (6.7 percent), shelter (3.8 percent), and medical care (3.3 percent). Partly offsetting the increases was a price decline in apparel (-1.9 percent).

Table A. San Francisco-Oakland-Hayward 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  0.6  4.3

October

0.2 1.6 0.5 3.2 0.4 2.6 0.9 3.6 0.6 2.7  0.7  4.4

December

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

The December 2018 Consumer Price Index for the San Francisco-Oakland-Hayward 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, the index for this area was renamed. 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 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-
Aug.
2018
Sep.
2018
Oct.
2018
Oct.
2017
Aug.
2018
Sep.
2018

Expenditure category

All items

287.664 - 289.673 4.4 0.7 -

All items (1967=100)

884.358 - 890.535 - - -

Food and beverages

280.249 - 280.826 5.3 0.2 -

Food

278.339 - 278.503 4.7 0.1 -

Food at home

250.727 248.706 249.897 2.6 -0.3 0.5

Cereals and bakery products

259.513 - 257.066 - -0.9 -

Meats, poultry, fish, and eggs

247.451 - 246.113 - -0.5 -

Dairy and related products

267.722 - 266.719 - -0.4 -

Fruits and vegetables

325.549 - 332.103 - 2.0 -

Nonalcoholic beverages and beverage materials(1)

198.443 - 201.587 - 1.6 -

Other food at home

221.976 - 216.582 - -2.4 -

Food away from home

310.797 - 312.003 6.4 0.4 -

Food away from home

310.797 - 312.003 6.4 0.4 -

Alcoholic beverages

304.532 - 308.605 10.9 1.3 -

Housing

339.571 - 340.845 3.7 0.4 -

Shelter

388.421 388.059 389.814 3.8 0.4 0.5

Rent of primary residence(2)

442.682 442.646 443.964 5.2 0.3 0.3

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

416.564 416.599 417.507 3.2 0.2 0.2

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

416.564 416.599 417.507 3.2 0.2 0.2

Fuels and utilities

403.866 - 399.718 1.1 -1.0 -

Household energy

356.183 358.982 351.334 -0.5 -1.4 -2.1

Energy services(2)

357.099 359.868 351.971 -0.7 -1.4 -2.2

Electricity(2)

373.069 379.558 379.558 2.0 1.7 0.0

Utility (piped) gas service(2)

311.667 305.706 279.604 -7.2 -10.3 -8.5

Household furnishings and operations

136.022 - 138.416 5.3 1.8 -

Apparel

113.911 - 117.912 -1.9 3.5 -

Transportation

204.593 - 206.408 6.9 0.9 -

Private transportation

199.212 - 202.191 9.4 1.5 -

New and used motor vehicles(4)

96.122 - 94.826 - -1.3 -

New vehicles(1)

159.487 - 156.553 - -1.8 -

Used cars and trucks(1)

256.799 - 247.988 - -3.4 -

Motor fuel

273.651 274.578 284.833 25.2 4.1 3.7

Gasoline (all types)

272.614 273.522 283.748 25.3 4.1 3.7

Gasoline, unleaded regular(4)

272.770 273.697 284.133 25.3 4.2 3.8

Gasoline, unleaded midgrade(4)(5)

254.060 254.236 262.242 24.2 3.2 3.1

Gasoline, unleaded premium(4)

258.266 259.162 268.051 25.0 3.8 3.4

Motor vehicle insurance(1)

500.310 - 519.535 - 3.8 -

Medical care

508.677 - 510.198 3.3 0.3 -

Recreation(6)

116.092 - 117.987 3.1 1.6 -

Education and communication(6)

148.682 - 151.974 6.7 2.2 -

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

1,787.966 - 1,834.544 - 2.6 -

Other goods and services

494.118 - 496.483 6.1 0.5 -

Commodity and service group

All items

287.664 - 289.673 4.4 0.7 -

Commodities

191.140 - 192.611 4.6 0.8 -

Commodities less food & beverages

143.146 - 144.999 4.0 1.3 -

Nondurables less food & beverages

190.785 - 195.307 6.5 2.4 -

Durables

97.412 - 96.863 0.0 -0.6 -

Services

368.040 - 370.500 4.3 0.7 -

Special aggregate indexes

All items less medical care

278.632 - 280.659 4.4 0.7 -

All items less shelter

245.933 - 248.281 4.8 1.0 -

Commodities less food

149.929 - 151.875 4.6 1.3 -

Nondurables

236.807 - 239.372 5.7 1.1 -

Nondurables less food

199.338 - 203.765 6.9 2.2 -

Services less rent of shelter(3)

358.203 - 362.295 5.0 1.1 -

Services less medical care services

359.280 - 361.723 4.3 0.7 -

Energy

309.807 311.368 316.237 14.2 2.1 1.6

All items less energy

290.091 - 291.913 3.9 0.6 -

All items less food and energy

292.740 - 294.834 3.8 0.7 -

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, November 14, 2018