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News Release Information

24-1163-PHI
Wednesday, June 12, 2024

Contacts Technical information: Media contact:

Consumer Price Index, Washington-Arlington-Alexandria area – May 2024

Area prices were up 0.8 percent over the past 2 months, up 3.3 percent from a year ago.

Prices in the Washington-Arlington-Alexandria area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.8 percent over the 2 months ending in May 2024, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Alexandra Hall Bovee noted that the May increase was mostly due to a 0.8-percent rise in the all items less food and energy index, in large part due to higher prices for recreation and shelter. For the same period, the energy index and food index rose, up 1.9 percent and 0.4 percent, respectively. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U index advanced 3.3 percent. (See chart 1 and table A.) Continuing to trend above the all items index, the all items less food and energy index rose 3.5 percent. Food prices were up 2.6 percent. Energy prices were up 2.7 percent over the year, largely the result of an increase in the price of gasoline. (See table 1.)

Food

Food prices rose 0.4 percent for the 2-month period ending in May. (See table 1.) Prices for food away from home increased 0.1 percent, and prices for food at home were up 0.6 percent in the same period. Leading the rise in the grocery index were prices for cereals and bakery products (+3.6 percent); other food at home (+1.2 percent); and meats, poultry, fish, and eggs (+1.3 percent). Declines in prices for fruits and vegetables (-2.4 percent), and dairy and related products (-1.1 percent) tempered the advance of prices in the food at home index.

Over the year, food prices increased 2.6 percent with prices for food away from home rising 3.8 percent. For the same period, prices for food at home rose 1.9 percent. Within food at home, most of the grocery categories rose with nonalcoholic beverages and beverage materials leading the advance with a 7.7 percent increase, followed by higher prices for cereals and bakery products (+5.8 percent) and fruits and vegetables (+1.7 percent). Slightly offsetting the rise in the food at home index were prices for dairy and related products down 2.2 percent, and other food at home down 0.1 percent.

Energy

The energy index rose 1.9 percent for the 2 months ending in May. The increase was mainly due to rising prices for gasoline, up 3.9 percent, well below March’s 10.7 percent rise. For the same period, prices for natural gas service and prices for electricity advanced 0.8 percent and 0.2 percent, respectively.

Energy prices increased 2.7 percent over the year, down from March’s increase of 4.1 percent. The advance in the energy index was largely due to higher prices for gasoline, up 3.3 percent. Prices for electricity rose 4.3 percent. The utility (piped) gas service index declined 3.9 percent over the past year.

All items less food and energy

In the latest 2-month period, the index for all items less food and energy rose 0.8 percent. The overall index rise was led by higher prices for recreation (+4.3 percent), and shelter (+0.6 percent). Within the shelter index, both the owners’ equivalent rent of residences index and rent of primary residence index had increases of 0.6 percent. Recording rising prices as well were the education and communication index, up 1.4 percent, and the medical care index, up 0.4 percent. Partially offsetting the all items less food and energy index were lower prices for household furnishings and operations, down 4.2 percent (the largest decrease since September 1999), and other goods and services (-1.4 percent).

For the year ending in May, the index for all items less food and energy advanced 3.5 percent. Components contributing to the increase were prices for shelter (+4.3 percent) and medical care (+4.1 percent). Within the shelter index, owners’ equivalent rent of residences was up 5.2 percent and the index for rent of primary residence advanced 3.7 percent. Tempering the overall index in part were price declines in new and used motor vehicles (-2.3 percent), household furnishings and operations (-2.1 percent), and apparel (-1.7 percent) indexes.

Table A. Washington-Arlington-Alexandria, DC-VA-MD-WV, 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 1.6 0.7 1.5 0.9 6.0 -0.3 4.4 0.5 3.6

March

-0.4 0.4 0.7 2.6 1.9 7.3 1.3 3.7 1.0 3.4

May

0.1 -0.1 1.3 3.8 1.5 7.5 0.9 3.1 0.8 3.3

July

0.6 0.8 1.2 4.4 1.1 7.5 -0.1 1.8

September

0.6 1.2 0.7 4.5 -0.2 6.5 1.3 3.3

November

0.0 1.4 1.2 5.8 0.3 5.6 -0.3 2.8

The July 2024 Consumer Price Index for the Washington-Arlington-Alexandria area is scheduled to be released on August 14, 2024.


Technical Note

The Consumer Price Index for Washington-Arlington-Alexandria is published bi-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 Washington-Arlington-Alexandria, DC-VA-MD-WV, Core Based Statistical Area includes the District of Columbia; the counties of Calvert, Charles, Frederick, Montgomery, and Prince George’s in Maryland; the cities of Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, and Manassas Park and the counties of Arlington, Clarke, Culpeper, Fairfax, Fauquier, Loudoun, Prince William, Rappahannock, Spotsylvania, Stafford, and Warren in Virginia; and the county of Jefferson in West Virginia.

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, Washington-Arlington-Alexandria, DC-VA-MD-WV, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
Historical
data
Mar.
2024
Apr.
2024
May
2024
May
2023
Mar.
2024
Apr.
2024

All items

313.108   315.667 3.3 0.8  

Food and beverages

306.162   307.570 2.6 0.5  

Food

315.426   316.605 2.6 0.4  

Food at home

292.197 291.525 294.055 1.9 0.6 0.9

Cereals and bakery products

392.478 389.127 406.782 5.8 3.6 4.5

Meats, poultry, fish, and eggs

308.305 308.659 312.280 1.3 1.3 1.2

Dairy and related products

282.607 287.268 279.383 -2.2 -1.1 -2.7

Fruits and vegetables

302.184 294.039 295.028 1.7 -2.4 0.3

Nonalcoholic beverages and beverage materials(1)

264.948 265.427 267.668 7.7 1.0 0.8

Other food at home

245.938 247.500 248.864 -0.1 1.2 0.6

Food away from home

347.858   348.075 3.8 0.1  

Alcoholic beverages

219.852   222.967 2.1 1.4  

Housing

327.768   328.092 3.5 0.1  

Shelter

390.880 391.724 393.133 4.3 0.6 0.4

Rent of primary residence

419.086 420.172 421.636 3.7 0.6 0.3

Owners' equivalent rent of residences(2)

401.478 402.068 403.982 5.2 0.6 0.5

Owners' equivalent rent of primary residence(2)

401.478 402.068 403.982 5.2 0.6 0.5

Fuels and utilities

286.345   286.605 2.5 0.1  

Household energy

225.471 220.292 225.592 1.7 0.1 2.4

Energy services

230.674 224.280 231.503 2.3 0.4 3.2

Electricity

255.439 253.755 256.010 4.3 0.2 0.9

Utility (piped) gas service

166.265 150.358 167.587 -3.9 0.8 11.5

Household furnishings and operations

133.076   127.527 -2.1 -4.2  

Apparel

165.085   162.336 -1.7 -1.7  

Transportation

271.791   279.309 3.1 2.8  

Private transportation

282.679   290.343 3.0 2.7  

New and used motor vehicles(3)

126.967   127.114 -2.3 0.1  

New vehicles(1)

228.478   228.073 -1.4 -0.2  

Used cars and trucks(1)

394.714   394.748 -8.6 0.0  

Motor fuel

327.587 342.988 340.212 3.4 3.9 -0.8

Gasoline (all types)

322.860 338.079 335.348 3.3 3.9 -0.8

Gasoline, unleaded regular(4)

315.198 330.441 327.464 3.3 3.9 -0.9

Gasoline, unleaded midgrade(4)(5)

333.022 347.051 345.656 3.9 3.8 -0.4

Gasoline, unleaded premium(4)

348.768 362.742 361.768 4.0 3.7 -0.3

Medical care

531.637   533.844 4.1 0.4  

Recreation(3)

129.382   135.001 5.5 4.3  

Education and communication(3)

166.142   168.508 1.8 1.4  

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

1,688.272   1,688.272 6.5 0.0  

Other goods and services

528.631   521.410 4.5 -1.4  

Commodity and service group

Commodities

214.297   214.973 0.2 0.3  

Commodities less food and beverages

169.217   169.589 -1.5 0.2  

Nondurables less food and beverages

224.771   226.268 1.5 0.7  

Durables

118.523   118.229 -4.5 -0.2  

Services

401.770   406.150 5.0 1.1  

Special aggregate indexes

All items less shelter

280.875   283.583 2.7 1.0  

All items less medical care

302.900   305.471 3.2 0.8  

Commodities less food

171.304   171.786 -1.4 0.3  

Nondurables

264.396   265.849 2.2 0.5  

Nondurables less food

223.652   225.303 1.5 0.7  

Services less rent of shelter(2)

426.549   433.955 6.0 1.7  

Services less medical care services

388.696   393.513 5.2 1.2  

Energy

276.662 279.846 281.990 2.7 1.9 0.8

All items less energy

320.135   322.543 3.3 0.8  

All items less food and energy

322.223   324.840 3.5 0.8  

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.

 

Last Modified Date: Wednesday, June 12, 2024