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15-516-PHI Tuesday, March 24, 2015

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Consumer Price Index, Philadelphia-Wilmington-Atlantic City – February 2015

Area prices down 0.2 percent since December and 0.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Wilmington-Atlantic City edged down 0.2 percent over the last two months, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted the decline was the third consecutive two-month decrease for the all items index. The recent decrease was led by a 6.4-percent decline in energy prices. The food index also decreased since December, down 1.5 percent, while the all items less food and energy index increased 0.6 percent. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U inched down 0.1 percent, due entirely to a 19.4-percent drop in energy prices. (See chart 1 and table A.) Since February 2014, the all items less food and energy index rose 1.9 percent and the food index rose 2.0 percent. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Philadelphia, February 2012-February 2015

Food

After increasing 0.8 percent from October to December, the food index declined 1.5 percent over the last two months, the largest two-month decrease in the index in over 20 years. Food at home prices decreased 2.0 percent and food away from home prices were down 0.7 percent.

Food prices rose 2.0 percent over the year, as prices for both components also increased. Prices for food at home advanced 2.7 percent and those for food away from home increased 1.1 percent since last February.

Energy

The energy index, which includes prices for household and transportation fuels, declined 6.4 percent since December, led by falling gasoline prices. The gasoline index dropped 14.5 percent over the last two months; prices for utility (piped) gas service also declined, down 0.5 percent. Prices for electricity advanced 0.6 percent since December.

Energy prices fell 19.4 percent since February 2014–the largest over-the-year decrease since August 2009–due almost entirely to a 33.8-percent drop in gasoline prices. Electricity prices also declined since February 2014, down 1.5 percent, while utility (piped) gas service prices increased, up 0.9 percent.

All items less food and energy

The index for all items less food and energy increased 0.6 percent since December, due largely to higher shelter prices, up 0.8 percent. Also contributing to the advance were a seasonal increase in apparel prices (7.6 percent) and higher prices for medical care (2.3 percent). Moderating the increase in the all items less food and energy index were lower prices for other goods and services, down 7.4 percent.

Since February 2014, the index for all items less food and energy rose 1.9 percent. The advance was due largely to an over-the-year increase in the shelter index, up 2.9 percent. Higher prices for medical care (5.6 percent), among others, also contributed to the rise. Lower prices for apparel (-2.7 percent) and recreation (-1.5 percent) moderated the increase in the all items less food and energy index since last February.

 

Table A. Philadelphia CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

1.3 1.9 0.7 2.2 0.7 1.8 0.5 1.0 -0.2 -0.1

April

1.0 2.5 0.8 2.0 0.1 1.1 0.5 1.4    

June

0.6 2.8 -0.2 1.3 0.3 1.5 0.6 1.8    

August

0.7 3.4 0.9 1.4 0.5 1.1 0.0 1.3    

October

-0.3 3.0 0.4 2.2 -0.4 0.3 -0.1 1.6    

December

-0.5 2.8 -0.9 1.8 0.1 1.2 -0.8 0.6    

The Consumer Price Index for April 2015 is scheduled to be released on Friday, May 22, 2015, at 8:30 a.m. (ET).


Technical Note

The Consumer Price Index for Philadelphia-Wilmington-Atlantic City 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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 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 87 urban areas across the country from about 4,000 housing units and approximately 26,000 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 Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., Consolidated Metropolitan Statistical Area includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, and Salem Counties in New Jersey; New Castle County in Delaware; and Cecil County in Maryland.

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.

 

Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
 
Historical
data
Dec.
2014
Jan.
2015
Feb.
2015
Feb.
2014
Dec.
2014
Jan.
2015

All items

Jump to page with historical data
242.912   242.424 -0.1 -0.2  

All items (1967 = 100)

Jump to page with historical data
701.760   700.349      
 

Food and beverages

Jump to page with historical data
231.947   229.054 2.1 -1.2  

Food

Jump to page with historical data
231.805   228.428 2.0 -1.5  

Food at home

Jump to page with historical data
243.721 242.746 238.770 2.7 -2.0 -1.6

Food away from home

Jump to page with historical data
210.638   209.123 1.1 -0.7  

Alcoholic beverages

Jump to page with historical data
231.170   234.479 2.7 1.4  
 

Housing

Jump to page with historical data
248.454   249.883 1.6 0.6  

Shelter

Jump to page with historical data
304.444 305.099 306.925 2.9 0.8 0.6

Rent of primary residence (1)

Jump to page with historical data
284.866 285.561 288.113 3.4 1.1 0.9

Owners' equivalent rent of residences (1) (2) (3)

Jump to page with historical data
312.594 313.390 314.303 2.4 0.5 0.3

Owners' equivalent rent of primary residence (1) (2) (3)

Jump to page with historical data
312.594 313.390 314.303 2.4 0.5 0.3

Fuels and utilities

Jump to page with historical data
210.170   210.007 -4.5 -0.1  

Household energy

Jump to page with historical data
178.467 177.391 178.299 -5.7 -0.1 0.5

Gas (piped) and electricity (1)

Jump to page with historical data
189.092 188.817 189.616 -0.8 0.3 0.4

Electricity (1)

Jump to page with historical data
194.715 194.672 195.869 -1.5 0.6 0.6

Utility (piped) gas service (1)

Jump to page with historical data
170.436 169.676 169.593 0.9 -0.5 0.0

Household furnishings and operations

Jump to page with historical data
115.916   115.207 -0.7 -0.6  
 

Apparel

Jump to page with historical data
105.078   113.050 -2.7 7.6  
 

Transportation

Jump to page with historical data
206.634   199.403 -8.9 -3.5  

Private transportation

Jump to page with historical data
205.519   197.407 -9.3 -3.9  

Motor fuel

Jump to page with historical data
238.589 203.214 203.966 -33.8 -14.5 0.4

Gasoline (all types)

Jump to page with historical data
235.165 200.236 200.983 -33.8 -14.5 0.4

Gasoline, unleaded regular (4)

Jump to page with historical data
233.404 198.129 199.028 -34.4 -14.7 0.5

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
237.107 203.922 204.675 -31.7 -13.7 0.4

Gasoline, unleaded premium (4)

Jump to page with historical data
231.017 200.012 199.572 -31.0 -13.6 -0.2
 

Medical care

Jump to page with historical data
475.778   486.549 5.6 2.3  
 

Recreation (6)

Jump to page with historical data
123.093   123.830 -1.5 0.6  
 

Education and communication (6)

Jump to page with historical data
132.911   132.674 0.4 -0.2  
 

Other goods and services

Jump to page with historical data
497.587   460.706 -1.9 -7.4  
 

Commodity and service group

 

Commodities

Jump to page with historical data
177.621   175.847 -4.1 -1.0  

Commodities less food and beverages

Jump to page with historical data
147.671   146.453 -8.0 -0.8  

Nondurables less food and beverages

Jump to page with historical data
184.183   181.530 -10.9 -1.4  

Durables

Jump to page with historical data
106.238   106.560 -2.2 0.3  

Services

Jump to page with historical data
309.658   310.333 2.2 0.2  
 

Special aggregate indexes

 

All items less shelter

Jump to page with historical data
223.320   221.614 -1.6 -0.8  

All items less medical care

Jump to page with historical data
233.093   232.170 -0.5 -0.4  

Commodities less food

Jump to page with historical data
150.653   149.575 -7.5 -0.7  

Nondurables

Jump to page with historical data
208.992   206.192 -4.6 -1.3  

Nondurables less food

Jump to page with historical data
186.938   184.637 -10.0 -1.2  

Services less rent of shelter (2)

Jump to page with historical data
322.314   320.771 1.3 -0.5  

Services less medical care services

Jump to page with historical data
296.240   296.631 2.0 0.1  

Energy

Jump to page with historical data
200.630 186.943 187.793 -19.4 -6.4 0.5

All items less energy

Jump to page with historical data
249.405   250.273 2.0 0.3  

All items less food and energy

Jump to page with historical data
254.957   256.614 1.9 0.6  

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) This index series underwent a change in composition in January 2010. The expenditure class now includes weight from secondary residences, and has been re-titled "Owners' equivalent rent of residences." The item stratum "Owners' equivalent rent of primary residence" excludes secondary residences.
(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.

Note: Index applies to a month as a whole, not to any specific date.

Last Modified Date: Tuesday, March 24, 2015

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News Release Information

15-516-PHI Tuesday, March 24, 2015

Contacts

Technical information:
Media contact:

Consumer Price Index, Philadelphia-Wilmington-Atlantic City – February 2015

Area prices down 0.2 percent since December and 0.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Wilmington-Atlantic City edged down 0.2 percent over the last two months, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted the decline was the third consecutive two-month decrease for the all items index. The recent decrease was led by a 6.4-percent decline in energy prices. The food index also decreased since December, down 1.5 percent, while the all items less food and energy index increased 0.6 percent. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U inched down 0.1 percent, due entirely to a 19.4-percent drop in energy prices. (See chart 1 and table A.) Since February 2014, the all items less food and energy index rose 1.9 percent and the food index rose 2.0 percent. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Philadelphia, February 2012-February 2015

Food

After increasing 0.8 percent from October to December, the food index declined 1.5 percent over the last two months, the largest two-month decrease in the index in over 20 years. Food at home prices decreased 2.0 percent and food away from home prices were down 0.7 percent.

Food prices rose 2.0 percent over the year, as prices for both components also increased. Prices for food at home advanced 2.7 percent and those for food away from home increased 1.1 percent since last February.

Energy

The energy index, which includes prices for household and transportation fuels, declined 6.4 percent since December, led by falling gasoline prices. The gasoline index dropped 14.5 percent over the last two months; prices for utility (piped) gas service also declined, down 0.5 percent. Prices for electricity advanced 0.6 percent since December.

Energy prices fell 19.4 percent since February 2014–the largest over-the-year decrease since August 2009–due almost entirely to a 33.8-percent drop in gasoline prices. Electricity prices also declined since February 2014, down 1.5 percent, while utility (piped) gas service prices increased, up 0.9 percent.

All items less food and energy

The index for all items less food and energy increased 0.6 percent since December, due largely to higher shelter prices, up 0.8 percent. Also contributing to the advance were a seasonal increase in apparel prices (7.6 percent) and higher prices for medical care (2.3 percent). Moderating the increase in the all items less food and energy index were lower prices for other goods and services, down 7.4 percent.

Since February 2014, the index for all items less food and energy rose 1.9 percent. The advance was due largely to an over-the-year increase in the shelter index, up 2.9 percent. Higher prices for medical care (5.6 percent), among others, also contributed to the rise. Lower prices for apparel (-2.7 percent) and recreation (-1.5 percent) moderated the increase in the all items less food and energy index since last February.

 

Table A. Philadelphia CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

1.3 1.9 0.7 2.2 0.7 1.8 0.5 1.0 -0.2 -0.1

April

1.0 2.5 0.8 2.0 0.1 1.1 0.5 1.4    

June

0.6 2.8 -0.2 1.3 0.3 1.5 0.6 1.8    

August

0.7 3.4 0.9 1.4 0.5 1.1 0.0 1.3    

October

-0.3 3.0 0.4 2.2 -0.4 0.3 -0.1 1.6    

December

-0.5 2.8 -0.9 1.8 0.1 1.2 -0.8 0.6    

The Consumer Price Index for April 2015 is scheduled to be released on Friday, May 22, 2015, at 8:30 a.m. (ET).


Technical Note

The Consumer Price Index for Philadelphia-Wilmington-Atlantic City 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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 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 87 urban areas across the country from about 4,000 housing units and approximately 26,000 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 Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., Consolidated Metropolitan Statistical Area includes Bucks, Chester, Delaware, Montgomery, and Philadelphia Counties in Pennsylvania; Atlantic, Burlington, Camden, Cape May, Cumberland, Gloucester, and Salem Counties in New Jersey; New Castle County in Delaware; and Cecil County in Maryland.

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.

 

Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods, Philadelphia-Wilmington-Atlantic City, Pa.-N.J.-Del.-Md., (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
 
Historical
data
Dec.
2014
Jan.
2015
Feb.
2015
Feb.
2014
Dec.
2014
Jan.
2015

All items

Jump to page with historical data
242.912   242.424 -0.1 -0.2  

All items (1967 = 100)

Jump to page with historical data
701.760   700.349      
 

Food and beverages

Jump to page with historical data
231.947   229.054 2.1 -1.2  

Food

Jump to page with historical data
231.805   228.428 2.0 -1.5  

Food at home

Jump to page with historical data
243.721 242.746 238.770 2.7 -2.0 -1.6

Food away from home

Jump to page with historical data
210.638   209.123 1.1 -0.7  

Alcoholic beverages

Jump to page with historical data
231.170   234.479 2.7 1.4  
 

Housing

Jump to page with historical data
248.454   249.883 1.6 0.6  

Shelter

Jump to page with historical data
304.444 305.099 306.925 2.9 0.8 0.6

Rent of primary residence (1)

Jump to page with historical data
284.866 285.561 288.113 3.4 1.1 0.9

Owners' equivalent rent of residences (1) (2) (3)

Jump to page with historical data
312.594 313.390 314.303 2.4 0.5 0.3

Owners' equivalent rent of primary residence (1) (2) (3)

Jump to page with historical data
312.594 313.390 314.303 2.4 0.5 0.3

Fuels and utilities

Jump to page with historical data
210.170   210.007 -4.5 -0.1  

Household energy

Jump to page with historical data
178.467 177.391 178.299 -5.7 -0.1 0.5

Gas (piped) and electricity (1)

Jump to page with historical data
189.092 188.817 189.616 -0.8 0.3 0.4

Electricity (1)

Jump to page with historical data
194.715 194.672 195.869 -1.5 0.6 0.6

Utility (piped) gas service (1)

Jump to page with historical data
170.436 169.676 169.593 0.9 -0.5 0.0

Household furnishings and operations

Jump to page with historical data
115.916   115.207 -0.7 -0.6  
 

Apparel

Jump to page with historical data
105.078   113.050 -2.7 7.6  
 

Transportation

Jump to page with historical data
206.634   199.403 -8.9 -3.5  

Private transportation

Jump to page with historical data
205.519   197.407 -9.3 -3.9  

Motor fuel

Jump to page with historical data
238.589 203.214 203.966 -33.8 -14.5 0.4

Gasoline (all types)

Jump to page with historical data
235.165 200.236 200.983 -33.8 -14.5 0.4

Gasoline, unleaded regular (4)

Jump to page with historical data
233.404 198.129 199.028 -34.4 -14.7 0.5

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
237.107 203.922 204.675 -31.7 -13.7 0.4

Gasoline, unleaded premium (4)

Jump to page with historical data
231.017 200.012 199.572 -31.0 -13.6 -0.2
 

Medical care

Jump to page with historical data
475.778   486.549 5.6 2.3  
 

Recreation (6)

Jump to page with historical data
123.093   123.830 -1.5 0.6  
 

Education and communication (6)

Jump to page with historical data
132.911   132.674 0.4 -0.2  
 

Other goods and services

Jump to page with historical data
497.587   460.706 -1.9 -7.4  
 

Commodity and service group

 

Commodities

Jump to page with historical data
177.621   175.847 -4.1 -1.0  

Commodities less food and beverages

Jump to page with historical data
147.671   146.453 -8.0 -0.8  

Nondurables less food and beverages

Jump to page with historical data
184.183   181.530 -10.9 -1.4  

Durables

Jump to page with historical data
106.238   106.560 -2.2 0.3  

Services

Jump to page with historical data
309.658   310.333 2.2 0.2  
 

Special aggregate indexes

 

All items less shelter

Jump to page with historical data
223.320   221.614 -1.6 -0.8  

All items less medical care

Jump to page with historical data
233.093   232.170 -0.5 -0.4  

Commodities less food

Jump to page with historical data
150.653   149.575 -7.5 -0.7  

Nondurables

Jump to page with historical data
208.992   206.192 -4.6 -1.3  

Nondurables less food

Jump to page with historical data
186.938   184.637 -10.0 -1.2  

Services less rent of shelter (2)

Jump to page with historical data
322.314   320.771 1.3 -0.5  

Services less medical care services

Jump to page with historical data
296.240   296.631 2.0 0.1  

Energy

Jump to page with historical data
200.630 186.943 187.793 -19.4 -6.4 0.5

All items less energy

Jump to page with historical data
249.405   250.273 2.0 0.3  

All items less food and energy

Jump to page with historical data
254.957   256.614 1.9 0.6  

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) This index series underwent a change in composition in January 2010. The expenditure class now includes weight from secondary residences, and has been re-titled "Owners' equivalent rent of residences." The item stratum "Owners' equivalent rent of primary residence" excludes secondary residences.
(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.

Note: Index applies to a month as a whole, not to any specific date.

Last Modified Date: Tuesday, March 24, 2015