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15-1444-PHI Friday, July 17, 2015

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

Area prices up 0.8 percent since April and 0.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Wilmington-Atlantic City advanced 0.8 percent over the last two months, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted the advance was the largest bimonthly increase for the all items index since August 2012. The recent increase reflected higher prices for energy (4.1 percent) and all items less food and energy (0.4 percent). The food index also rose since April, up 1.3 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 edged up 0.2 percent. (See chart 1 and table A.) A 1.8-percent rise in the all items less food and energy index and a 2.5-percent increase in the food index were mostly offset by a 16.3-percent decrease in the energy index since June 2014. (See table 1.)

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

Food

The food index increased 1.3 percent over the last two months, led by a 1.8-percent increase in food away from home prices. Food at home prices also rose, up 0.8 percent. Within the food at home component, prices were higher for various items including snacks; eggs; and spices, seasonings, condiments, and sauces.

Food prices rose 2.5 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 2.3 percent since last June.

Energy

The energy index, which includes prices for household and transportation fuels, rose 4.1 percent since April, led by a 10.2-percent advance in gasoline prices. Prices for electricity also rose, up 1.4 percent, while those for utility (piped) gas service declined since April, down 4.4 percent.

Energy prices fell 16.3 percent since June 2014, due mostly to a 25.4-percent drop in gasoline prices. Utility (piped) gas service prices also declined, down 15.8 percent—the largest over-the-year decline since February 2010. Electricity prices increased over the year, up 1.6 percent.

All items less food and energy

The index for all items less food and energy increased 0.4 percent since April, reflecting higher prices for other goods and services (10.1 percent), household furnishings and operations (1.5 percent), and shelter (0.2 percent). Moderating the increase in the all items less food and energy index was a seasonal decrease in prices for apparel, down 6.4 percent.

Since June 2014, the index for all items less food and energy rose 1.8 percent. The advance was due largely to an over-the-year increase in the shelter index, up 1.8 percent, as the owners’ equivalent rent of residences index was up 2.7 percent. Higher prices for medical care (5.5 percent) and other goods and services (8.1 percent) also contributed to the rise. Lower prices for apparel (-8.3 percent) moderated the increase in the all items less food and energy index since last June.

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 0.5 0.0

June

0.6 2.8 -0.2 1.3 0.3 1.5 0.6 1.8 0.8 0.2

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 August 2015 is scheduled to be released on Wednesday, September 16, 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.

Table 1. 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
Apr.
2015
May
2015
Jun.
2015
Jun.
2014
Apr.
2015
May
2015

All items

Jump to page with historical data
243.717   245.675 0.2 0.8  

All items (1967 = 100)

Jump to page with historical data
704.085   709.742      
 

Food and beverages

Jump to page with historical data
231.093   233.426 2.3 1.0  

Food

Jump to page with historical data
230.946   233.877 2.5 1.3  

Food at home

Jump to page with historical data
242.823 245.243 244.848 2.7 0.8 -0.2

Food away from home

Jump to page with historical data
209.850   213.688 2.3 1.8  

Alcoholic beverages

Jump to page with historical data
230.393   225.087 0.2 -2.3  
 

Housing

Jump to page with historical data
250.080   250.647 0.7 0.2  

Shelter

Jump to page with historical data
307.555 308.159 308.032 1.8 0.2 0.0

Rent of primary residence (1)

Jump to page with historical data
288.713 288.956 289.233 3.3 0.2 0.1

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

Jump to page with historical data
315.462 316.138 316.707 2.7 0.4 0.2

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

Jump to page with historical data
315.462 316.138 316.707 2.7 0.4 0.2

Fuels and utilities

Jump to page with historical data
205.797   205.368 -5.5 -0.2  

Household energy

Jump to page with historical data
173.775 173.951 173.311 -7.0 -0.3 -0.4

Gas (piped) and electricity (1)

Jump to page with historical data
185.284 185.283 184.821 -3.7 -0.2 -0.2

Electricity (1)

Jump to page with historical data
193.269 191.082 195.936 1.6 1.4 2.5

Utility (piped) gas service (1)

Jump to page with historical data
161.700 166.383 154.550 -15.8 -4.4 -7.1

Household furnishings and operations

Jump to page with historical data
117.470   119.192 0.7 1.5  
 

Apparel

Jump to page with historical data
107.340   100.509 -8.3 -6.4  
 

Transportation

Jump to page with historical data
204.717   210.967 -6.7 3.1  

Private transportation

Jump to page with historical data
203.223   208.902 -7.0 2.8  

Motor fuel

Jump to page with historical data
220.296 242.843 242.637 -25.4 10.1 -0.1

Gasoline (all types)

Jump to page with historical data
217.160 239.490 239.309 -25.4 10.2 -0.1

Gasoline, unleaded regular (4)

Jump to page with historical data
215.447 238.043 237.770 -25.8 10.4 -0.1

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
218.588 239.605 239.315 -23.9 9.5 -0.1

Gasoline, unleaded premium (4)

Jump to page with historical data
214.185 233.824 234.391 -23.0 9.4 0.2
 

Medical care

Jump to page with historical data
492.667   494.014 5.5 0.3  
 

Recreation (6)

Jump to page with historical data
125.434   125.423 0.1 0.0  
 

Education and communication (6)

Jump to page with historical data
132.763   133.273 1.2 0.4  
 

Other goods and services

Jump to page with historical data
464.857   511.924 8.1 10.1  
 

Commodity and service group

 

Commodities

Jump to page with historical data
177.536   179.038 -3.3 0.8  

Commodities less food and beverages

Jump to page with historical data
147.933   149.014 -6.9 0.7  

Nondurables less food and beverages

Jump to page with historical data
182.840   184.382 -9.8 0.8  

Durables

Jump to page with historical data
108.189   108.763 -1.2 0.5  

Services

Jump to page with historical data
311.300   313.733 2.1 0.8  
 

Special aggregate indexes

 

All items less shelter

Jump to page with historical data
223.206   225.810 -0.7 1.2  

All items less medical care

Jump to page with historical data
233.272   235.247 -0.2 0.8  

Commodities less food

Jump to page with historical data
150.882   151.764 -6.6 0.6  

Nondurables

Jump to page with historical data
207.860   209.794 -3.8 0.9  

Nondurables less food

Jump to page with historical data
185.628   186.766 -9.1 0.6  

Services less rent of shelter (2)

Jump to page with historical data
322.167   327.056 2.4 1.5  

Services less medical care services

Jump to page with historical data
297.112   299.540 1.8 0.8  

Energy

Jump to page with historical data
190.936 199.336 198.856 -16.3 4.1 -0.2

All items less energy

Jump to page with historical data
251.372   252.689 1.9 0.5  

All items less food and energy

Jump to page with historical data
257.463   258.494 1.8 0.4  

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: Friday, July 17, 2015

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News Release Information

15-1444-PHI Friday, July 17, 2015

Contacts

Technical information:
Media contact:

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

Area prices up 0.8 percent since April and 0.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Philadelphia-Wilmington-Atlantic City advanced 0.8 percent over the last two months, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Sheila Watkins noted the advance was the largest bimonthly increase for the all items index since August 2012. The recent increase reflected higher prices for energy (4.1 percent) and all items less food and energy (0.4 percent). The food index also rose since April, up 1.3 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 edged up 0.2 percent. (See chart 1 and table A.) A 1.8-percent rise in the all items less food and energy index and a 2.5-percent increase in the food index were mostly offset by a 16.3-percent decrease in the energy index since June 2014. (See table 1.)

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

Food

The food index increased 1.3 percent over the last two months, led by a 1.8-percent increase in food away from home prices. Food at home prices also rose, up 0.8 percent. Within the food at home component, prices were higher for various items including snacks; eggs; and spices, seasonings, condiments, and sauces.

Food prices rose 2.5 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 2.3 percent since last June.

Energy

The energy index, which includes prices for household and transportation fuels, rose 4.1 percent since April, led by a 10.2-percent advance in gasoline prices. Prices for electricity also rose, up 1.4 percent, while those for utility (piped) gas service declined since April, down 4.4 percent.

Energy prices fell 16.3 percent since June 2014, due mostly to a 25.4-percent drop in gasoline prices. Utility (piped) gas service prices also declined, down 15.8 percent—the largest over-the-year decline since February 2010. Electricity prices increased over the year, up 1.6 percent.

All items less food and energy

The index for all items less food and energy increased 0.4 percent since April, reflecting higher prices for other goods and services (10.1 percent), household furnishings and operations (1.5 percent), and shelter (0.2 percent). Moderating the increase in the all items less food and energy index was a seasonal decrease in prices for apparel, down 6.4 percent.

Since June 2014, the index for all items less food and energy rose 1.8 percent. The advance was due largely to an over-the-year increase in the shelter index, up 1.8 percent, as the owners’ equivalent rent of residences index was up 2.7 percent. Higher prices for medical care (5.5 percent) and other goods and services (8.1 percent) also contributed to the rise. Lower prices for apparel (-8.3 percent) moderated the increase in the all items less food and energy index since last June.

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 0.5 0.0

June

0.6 2.8 -0.2 1.3 0.3 1.5 0.6 1.8 0.8 0.2

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 August 2015 is scheduled to be released on Wednesday, September 16, 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.

Table 1. 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
Apr.
2015
May
2015
Jun.
2015
Jun.
2014
Apr.
2015
May
2015

All items

Jump to page with historical data
243.717   245.675 0.2 0.8  

All items (1967 = 100)

Jump to page with historical data
704.085   709.742      
 

Food and beverages

Jump to page with historical data
231.093   233.426 2.3 1.0  

Food

Jump to page with historical data
230.946   233.877 2.5 1.3  

Food at home

Jump to page with historical data
242.823 245.243 244.848 2.7 0.8 -0.2

Food away from home

Jump to page with historical data
209.850   213.688 2.3 1.8  

Alcoholic beverages

Jump to page with historical data
230.393   225.087 0.2 -2.3  
 

Housing

Jump to page with historical data
250.080   250.647 0.7 0.2  

Shelter

Jump to page with historical data
307.555 308.159 308.032 1.8 0.2 0.0

Rent of primary residence (1)

Jump to page with historical data
288.713 288.956 289.233 3.3 0.2 0.1

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

Jump to page with historical data
315.462 316.138 316.707 2.7 0.4 0.2

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

Jump to page with historical data
315.462 316.138 316.707 2.7 0.4 0.2

Fuels and utilities

Jump to page with historical data
205.797   205.368 -5.5 -0.2  

Household energy

Jump to page with historical data
173.775 173.951 173.311 -7.0 -0.3 -0.4

Gas (piped) and electricity (1)

Jump to page with historical data
185.284 185.283 184.821 -3.7 -0.2 -0.2

Electricity (1)

Jump to page with historical data
193.269 191.082 195.936 1.6 1.4 2.5

Utility (piped) gas service (1)

Jump to page with historical data
161.700 166.383 154.550 -15.8 -4.4 -7.1

Household furnishings and operations

Jump to page with historical data
117.470   119.192 0.7 1.5  
 

Apparel

Jump to page with historical data
107.340   100.509 -8.3 -6.4  
 

Transportation

Jump to page with historical data
204.717   210.967 -6.7 3.1  

Private transportation

Jump to page with historical data
203.223   208.902 -7.0 2.8  

Motor fuel

Jump to page with historical data
220.296 242.843 242.637 -25.4 10.1 -0.1

Gasoline (all types)

Jump to page with historical data
217.160 239.490 239.309 -25.4 10.2 -0.1

Gasoline, unleaded regular (4)

Jump to page with historical data
215.447 238.043 237.770 -25.8 10.4 -0.1

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
218.588 239.605 239.315 -23.9 9.5 -0.1

Gasoline, unleaded premium (4)

Jump to page with historical data
214.185 233.824 234.391 -23.0 9.4 0.2
 

Medical care

Jump to page with historical data
492.667   494.014 5.5 0.3  
 

Recreation (6)

Jump to page with historical data
125.434   125.423 0.1 0.0  
 

Education and communication (6)

Jump to page with historical data
132.763   133.273 1.2 0.4  
 

Other goods and services

Jump to page with historical data
464.857   511.924 8.1 10.1  
 

Commodity and service group

 

Commodities

Jump to page with historical data
177.536   179.038 -3.3 0.8  

Commodities less food and beverages

Jump to page with historical data
147.933   149.014 -6.9 0.7  

Nondurables less food and beverages

Jump to page with historical data
182.840   184.382 -9.8 0.8  

Durables

Jump to page with historical data
108.189   108.763 -1.2 0.5  

Services

Jump to page with historical data
311.300   313.733 2.1 0.8  
 

Special aggregate indexes

 

All items less shelter

Jump to page with historical data
223.206   225.810 -0.7 1.2  

All items less medical care

Jump to page with historical data
233.272   235.247 -0.2 0.8  

Commodities less food

Jump to page with historical data
150.882   151.764 -6.6 0.6  

Nondurables

Jump to page with historical data
207.860   209.794 -3.8 0.9  

Nondurables less food

Jump to page with historical data
185.628   186.766 -9.1 0.6  

Services less rent of shelter (2)

Jump to page with historical data
322.167   327.056 2.4 1.5  

Services less medical care services

Jump to page with historical data
297.112   299.540 1.8 0.8  

Energy

Jump to page with historical data
190.936 199.336 198.856 -16.3 4.1 -0.2

All items less energy

Jump to page with historical data
251.372   252.689 1.9 0.5  

All items less food and energy

Jump to page with historical data
257.463   258.494 1.8 0.4  

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: Friday, July 17, 2015