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News Release Information

24-300-SAN
Tuesday, February 13, 2024

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

Consumer Price Index, West Region — January 2024

Area prices were up 0.7 percent over the past month, up 3.3 percent from a year ago

Prices in the West Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.7 percent in January, the U.S. Bureau of Labor Statistics reported today. (See table A.) The January increase was influenced by higher prices for shelter. (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 3.3 percent. (See chart 1 and table A.) Food prices increased 2.9 percent. Energy prices fell 0.9 percent, largely the result of a decrease in the price of natural gas service. The index for all items less food and energy increased 3.7 percent over the year. (See table 1.)

Food

Food prices advanced 0.8 percent for the month of January. (See table 1.) Prices for food at home rose 0.8 percent, led by higher prices for nonalcoholic beverages and beverage materials (2.5 percent) and fruits and vegetables (2.4 percent). Prices for food away from home advanced 0.7 percent for the same period.

Over the year, food prices increased 2.9 percent. Prices for food at home advanced 1.6 percent since a year ago, with higher prices in five of the six grocery categories. Prices for food away from home rose 5.3 percent.

Energy

The energy index fell 0.3 percent over the month. The decrease was mainly due to lower prices for gasoline (-3.7 percent). Prices for electricity advanced 4.9 percent, and prices for natural gas service increased 1.6 percent for the same period.

Energy prices fell 0.9 percent over the year, largely due to lower prices for natural gas service (-25.8 percent). Prices paid for gasoline fell 0.7 percent, while prices for electricity rose 11.3 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 January. Higher prices for recreation (1.2 percent) and shelter (0.6 percent) were partially offset by lower prices for used cars and trucks (-3.7 percent).

Over the year, the index for all items less food and energy increased 3.7 percent. Components contributing to the increase included shelter (4.9 percent) and medical care (4.1 percent). Partly offsetting the increases were price decreases in used cars and trucks (-3.6 percent) and apparel (-0.3 percent).

Table A. West region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.3 2.9 0.2 1.4 0.9 7.7 0.9 6.3 0.7 3.3

February

0.4 3.1 0.5 1.6 0.8 8.1 0.5 6.0

March

-0.2 2.5 0.7 2.4 1.3 8.7 0.5 5.1

April

-0.4 1.3 1.0 3.9 0.7 8.3 0.5 4.9

May

0.1 0.8 0.8 4.7 0.8 8.3 0.4 4.5

June

0.4 1.2 0.9 5.1 1.2 8.8 0.3 3.5

July

0.5 1.7 0.6 5.2 0.1 8.3 0.1 3.5

August

0.3 1.9 0.2 5.0 0.0 8.1 0.4 3.9

September

0.0 1.6 0.2 5.3 0.3 8.3 0.4 3.9

October

0.2 1.2 0.8 6.0 0.7 8.1 0.1 3.3

November

0.0 1.4 0.5 6.5 -0.4 7.1 -0.4 3.3

December

-0.1 1.5 0.4 7.1 -0.4 6.2 -0.1 3.6

The February 2024 Consumer Price Index for the West Region is scheduled to be released on March 12, 2024.


Technical Note

The Consumer Price Index for the West Region is published monthly. 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 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, 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 West Region covered in this release is comprised of the following thirteen states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.

Information in this release will be made available to sensory impaired individuals 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

West (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Historical
data
Nov.
2023
Dec.
2023
Jan.
2024
Jan.
2023
Nov.
2023
Dec.
2023

Expenditure category

All Items

326.299 325.932 328.053 3.3 0.5 0.7

All items (December 1977=100)

527.444 526.851 530.280 - - -

Food and beverages

335.363 336.099 338.646 2.8 1.0 0.8

Food

337.657 338.478 341.068 2.9 1.0 0.8

Food at home

316.867 316.944 319.595 1.6 0.9 0.8

Cereals and bakery products

332.976 332.779 331.333 1.4 -0.5 -0.4

Meats, poultry, fish, and eggs

342.927 344.486 343.304 0.4 0.1 -0.3

Dairy and related products

280.532 283.943 283.177 -1.9 0.9 -0.3

Fruits and vegetables

395.785 393.629 403.229 2.1 1.9 2.4

Nonalcoholic beverages and beverage materials

224.183 221.911 227.536 2.4 1.5 2.5

Other food at home

274.282 274.641 277.074 3.1 1.0 0.9

Food away from home

366.415 368.744 371.193 5.3 1.3 0.7

Alcoholic beverages

300.099 299.663 301.567 2.0 0.5 0.6

Housing

364.859 365.434 368.627 4.2 1.0 0.9

Shelter

419.200 420.452 422.948 4.9 0.9 0.6

Rent of primary residence(1)

448.966 450.336 451.299 5.3 0.5 0.2

Owners' equiv. rent of residences(1)(2)

442.812 444.763 446.985 5.2 0.9 0.5

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

442.599 444.556 446.778 5.2 0.9 0.5

Fuels and utilities

411.251 410.166 424.202 1.7 3.1 3.4

Household energy

361.707 360.040 374.501 -0.3 3.5 4.0

Energy services(1)

364.567 362.837 377.989 -0.1 3.7 4.2

Electricity(1)

397.880 397.308 416.928 11.3 4.8 4.9

Utility (piped) gas service(1)

307.628 302.884 307.590 -25.8 0.0 1.6

Household furnishings and operations

157.691 156.869 158.462 1.3 0.5 1.0

Apparel

123.079 120.719 123.555 -0.3 0.4 2.3

Transportation

275.724 271.388 269.967 1.8 -2.1 -0.5

Private transportation

274.738 270.826 268.437 1.9 -2.3 -0.9

New and used motor vehicles(3)

123.871 123.366 122.166 -1.7 -1.4 -1.0

New vehicles

176.246 175.712 176.123 0.1 -0.1 0.2

New cars and trucks(3)(4)

- - - - - -

New cars(4)

175.617 174.694 175.287 -0.1 -0.2 0.3

Used cars and trucks

178.979 179.115 172.443 -3.6 -3.7 -3.7

Motor fuel

363.616 337.053 324.445 -1.1 -10.8 -3.7

Gasoline (all types)

360.984 334.565 322.269 -0.7 -10.7 -3.7

Gasoline, unleaded regular(4)

356.870 330.231 317.806 -0.9 -10.9 -3.8

Gasoline, unleaded midgrade(4)(5)

345.099 320.846 309.601 -0.2 -10.3 -3.5

Gasoline, unleaded premium(4)

354.576 330.653 319.526 0.2 -9.9 -3.4

Medical Care

594.011 598.854 599.698 4.1 1.0 0.1

Medical care commodities

460.946 461.457 462.342 4.1 0.3 0.2

Medical care services

635.226 641.361 642.190 4.1 1.1 0.1

Professional services

414.332 420.718 420.967 5.3 1.6 0.1

Recreation(3)

129.894 130.609 132.189 3.4 1.8 1.2

Education and communication(3)

142.182 142.559 143.688 -0.2 1.1 0.8

Tuition, other school fees, and child care(6)

1,648.584 1,650.569 1,655.928 1.6 0.4 0.3

Other goods and services

549.509 547.520 553.901 8.0 0.8 1.2

Commodity and Service Group

All Items

326.299 325.932 328.053 3.3 0.5 0.7

Commodities

226.762 224.793 225.376 0.7 -0.6 0.3

Commodities less food & beverages

175.125 172.490 172.341 -0.6 -1.6 -0.1

Nondurables less food & beverages

234.318 227.825 226.246 0.5 -3.4 -0.7

Nondurables less food, beverages, and apparel

312.291 302.904 298.333 0.8 -4.5 -1.5

Durables

123.923 123.523 124.230 -1.4 0.2 0.6

Services

418.580 419.994 423.617 4.9 1.2 0.9

Rent of shelter(2)

447.013 448.326 450.979 4.9 0.9 0.6

Transportation services

384.817 385.594 391.805 7.4 1.8 1.6

Other services

407.481 409.393 412.587 3.9 1.3 0.8

Special aggregate indexes:

All items less medical care

313.959 313.376 315.543 3.3 0.5 0.7

All items less food

324.626 324.090 326.141 3.4 0.5 0.6

All items less shelter

289.673 288.635 290.616 2.4 0.3 0.7

Commodities less food

179.800 177.180 177.073 -0.5 -1.5 -0.1

Nondurables

285.001 281.772 282.155 1.8 -1.0 0.1

Nondurables less food

239.499 233.298 231.891 0.6 -3.2 -0.6

Nondurables less food and apparel

310.682 302.113 298.102 0.9 -4.0 -1.3

Services less rent of shelter(2)

429.311 431.036 436.415 4.9 1.7 1.2

Services less medical care services

403.360 404.452 408.246 5.0 1.2 0.9

Energy

369.686 353.908 352.784 -0.9 -4.6 -0.3

All items less energy

326.202 326.774 329.111 3.6 0.9 0.7

All items less food and energy

325.113 325.647 327.948 3.7 0.9 0.7

Commodities less food and energy commodities

160.543 159.826 160.886 -0.3 0.2 0.7

Energy commodities

370.205 343.570 330.784 -1.3 -10.6 -3.7

Services less energy services

423.386 424.978 428.035 5.2 1.1 0.7

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Indexes on a December 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.
(6) Indexes on a December 1977=100 base.

- Data not available
Regions defined as the four Census regions. West includes Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: Tuesday, February 13, 2024