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16-64-CHI
Wednesday, January 20, 2016

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Consumer Price Index, Cincinnati-Hamilton — Second Half 2015

Local prices down 0.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Cincinnati-Hamilton area declined 0.3 percent from the second half of 2014 to the second half of 2015, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the all items less food and energy index was 1.1 percent higher compared to its second half 2014 level as price increases were noted in the categories for shelter, medical care, and other goods and services. Food prices rose 0.7 percent over the year while the index for energy decreased 12.4 percent. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, Cincinnati, second half 2012-second half 2015

Food

The 0.7 percent rise in food prices over the year was attributed to a 2.5 percent increase in costs for food eaten away from home (restaurant, cafeteria, and vending purchases). Grocery food prices, on-the-other-hand, were down 0.6 percent compared to their year ago levels. In the previous annual period (second half 2013 to second half 2014), food prices were up 2.4 percent in the Cincinnati area.

Energy

All three major components of the energy index were down compared to their second half 2014 levels and contributed to the 12.4 percent annual decline in energy costs in the Cincinnati area. Gasoline prices experienced the largest decline, down 20.7 percent followed by a 9.0 percent decrease in costs for utility (piped) gas service. Electricity costs were 0.5 percent lower than their second half 2014 levels. Energy costs declined 3.1 percent in the prior annual period.

All items less food and energy

The 1.1 percent over the year increase in the all items less food and energy index was primarily due to a 1.2 percent annual gain in shelter costs. Medical care (2.6 percent) and other goods and services (4.7 percent) also experienced increases and contributed to the rise in the all items less food and energy index.

The first half 2016 Consumer Price Index for Cincinnati-Hamilton is scheduled to be released on Friday, July 15, 2016.


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 89 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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/pdf/homch17.pdf.

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 Cincinnati-Hamilton, Ohio-Ky.-Ind. consolidated area covered in this release is comprised of Dearborn and Ohio Counties in Indiana; Boone, Campbell, Gallatin, Grant, Kenton, and Pendleton Counties in Kentucky; and Brown, Butler, Clermont, Hamilton and Warren Counties in Ohio.

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 for semiannual averages and percent changes for selected periods

Cincinnati-Hamilton, OH-KY-IN (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2015 from-
2nd half
2014
1st half
2015
2nd half
2015
2nd half
2014
1st half
2015

Expenditure category

 
 

All items

224.519 222.788 223.768 -0.3 0.4

All items (1967=100)

694.713 689.355 692.387 - -

Food and beverages

219.340 220.267 220.788 0.7 0.2

Food

215.995 217.052 217.530 0.7 0.2

Food at home

213.434 214.125 212.216 -0.6 -0.9

Food away from home

223.400 225.292 228.976 2.5 1.6

Alcoholic beverages

246.780 245.699 246.798 0.0 0.4

Housing

206.092 205.651 207.636 0.7 1.0

Shelter

235.310 237.133 238.064 1.2 0.4

Rent of primary residence (1)

237.857 240.307 242.803 2.1 1.0

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

235.837 237.664 238.344 1.1 0.3

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

235.837 237.664 238.344 1.1 0.3

Fuels and utilities

228.500 214.231 223.026 -2.4 4.1

Household energy

189.655 175.554 183.822 -3.1 4.7

Energy services (1)

194.709 180.467 189.554 -2.6 5.0

Electricity (1)

194.088 179.360 193.153 -0.5 7.7

Utility (piped) gas service (1)

188.095 175.840 171.219 -9.0 -2.6

Household furnishings and operations

112.019 113.917 114.913 2.6 0.9

Apparel

138.876 144.581 141.160 1.6 -2.4

Transportation

209.692 198.886 199.744 -4.7 0.4

Private transportation

206.193 195.056 196.559 -4.7 0.8

Motor fuel

284.312 227.857 225.326 -20.7 -1.1

Gasoline (all types)

282.826 226.759 224.337 -20.7 -1.1

Gasoline, unleaded regular (3)

290.872 232.079 229.042 -21.3 -1.3

Gasoline, unleaded midgrade (3) (4)

275.255 222.136 222.655 -19.1 0.2

Gasoline, unleaded premium (3)

246.999 202.371 207.829 -15.9 2.7

Medical care

459.784 468.622 471.922 2.6 0.7

Recreation (5)

126.350 126.128 126.369 0.0 0.2

Education and communication (5)

135.904 133.292 130.372 -4.1 -2.2

Other goods and services

470.222 477.130 492.263 4.7 3.2
 

Commodity and service group

 
 

All items

224.519 222.788 223.768 -0.3 0.4

Commodities

179.315 175.929 175.740 -2.0 -0.1

Commodities less food & beverages

157.909 152.862 152.388 -3.5 -0.3

Nondurables less food & beverages

201.480 188.964 187.769 -6.8 -0.6

Durables

117.150 118.224 118.340 1.0 0.1

Services

272.948 272.800 274.938 0.7 0.8
 

Special aggregate indexes

 
 

All items less medical care

213.694 211.473 212.346 -0.6 0.4

All items less shelter

222.389 219.231 220.240 -1.0 0.5

Commodities less food

161.543 156.553 156.115 -3.4 -0.3

Nondurables

211.961 205.758 205.375 -3.1 -0.2

Nondurables less food

205.847 193.841 192.761 -6.4 -0.6

Services less rent of shelter (2)

324.584 321.958 325.637 0.3 1.1

Services less medical care services

256.580 255.961 257.779 0.5 0.7

Energy

232.658 200.140 203.850 -12.4 1.9

All items less energy

226.194 227.881 228.585 1.1 0.3

All items less food and energy

229.455 231.266 232.015 1.1 0.3

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) Index is on a November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
 

Last Modified Date: Wednesday, January 20, 2016

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News Release Information

16-64-CHI
Wednesday, January 20, 2016

Contacts

Technical information:
Media contact:
  • (312) 353-1138

Consumer Price Index, Cincinnati-Hamilton — Second Half 2015

Local prices down 0.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Cincinnati-Hamilton area declined 0.3 percent from the second half of 2014 to the second half of 2015, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the all items less food and energy index was 1.1 percent higher compared to its second half 2014 level as price increases were noted in the categories for shelter, medical care, and other goods and services. Food prices rose 0.7 percent over the year while the index for energy decreased 12.4 percent. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, Cincinnati, second half 2012-second half 2015

Food

The 0.7 percent rise in food prices over the year was attributed to a 2.5 percent increase in costs for food eaten away from home (restaurant, cafeteria, and vending purchases). Grocery food prices, on-the-other-hand, were down 0.6 percent compared to their year ago levels. In the previous annual period (second half 2013 to second half 2014), food prices were up 2.4 percent in the Cincinnati area.

Energy

All three major components of the energy index were down compared to their second half 2014 levels and contributed to the 12.4 percent annual decline in energy costs in the Cincinnati area. Gasoline prices experienced the largest decline, down 20.7 percent followed by a 9.0 percent decrease in costs for utility (piped) gas service. Electricity costs were 0.5 percent lower than their second half 2014 levels. Energy costs declined 3.1 percent in the prior annual period.

All items less food and energy

The 1.1 percent over the year increase in the all items less food and energy index was primarily due to a 1.2 percent annual gain in shelter costs. Medical care (2.6 percent) and other goods and services (4.7 percent) also experienced increases and contributed to the rise in the all items less food and energy index.

The first half 2016 Consumer Price Index for Cincinnati-Hamilton is scheduled to be released on Friday, July 15, 2016.


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 89 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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/pdf/homch17.pdf.

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 Cincinnati-Hamilton, Ohio-Ky.-Ind. consolidated area covered in this release is comprised of Dearborn and Ohio Counties in Indiana; Boone, Campbell, Gallatin, Grant, Kenton, and Pendleton Counties in Kentucky; and Brown, Butler, Clermont, Hamilton and Warren Counties in Ohio.

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 for semiannual averages and percent changes for selected periods

Cincinnati-Hamilton, OH-KY-IN (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2015 from-
2nd half
2014
1st half
2015
2nd half
2015
2nd half
2014
1st half
2015

Expenditure category

 
 

All items

224.519 222.788 223.768 -0.3 0.4

All items (1967=100)

694.713 689.355 692.387 - -

Food and beverages

219.340 220.267 220.788 0.7 0.2

Food

215.995 217.052 217.530 0.7 0.2

Food at home

213.434 214.125 212.216 -0.6 -0.9

Food away from home

223.400 225.292 228.976 2.5 1.6

Alcoholic beverages

246.780 245.699 246.798 0.0 0.4

Housing

206.092 205.651 207.636 0.7 1.0

Shelter

235.310 237.133 238.064 1.2 0.4

Rent of primary residence (1)

237.857 240.307 242.803 2.1 1.0

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

235.837 237.664 238.344 1.1 0.3

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

235.837 237.664 238.344 1.1 0.3

Fuels and utilities

228.500 214.231 223.026 -2.4 4.1

Household energy

189.655 175.554 183.822 -3.1 4.7

Energy services (1)

194.709 180.467 189.554 -2.6 5.0

Electricity (1)

194.088 179.360 193.153 -0.5 7.7

Utility (piped) gas service (1)

188.095 175.840 171.219 -9.0 -2.6

Household furnishings and operations

112.019 113.917 114.913 2.6 0.9

Apparel

138.876 144.581 141.160 1.6 -2.4

Transportation

209.692 198.886 199.744 -4.7 0.4

Private transportation

206.193 195.056 196.559 -4.7 0.8

Motor fuel

284.312 227.857 225.326 -20.7 -1.1

Gasoline (all types)

282.826 226.759 224.337 -20.7 -1.1

Gasoline, unleaded regular (3)

290.872 232.079 229.042 -21.3 -1.3

Gasoline, unleaded midgrade (3) (4)

275.255 222.136 222.655 -19.1 0.2

Gasoline, unleaded premium (3)

246.999 202.371 207.829 -15.9 2.7

Medical care

459.784 468.622 471.922 2.6 0.7

Recreation (5)

126.350 126.128 126.369 0.0 0.2

Education and communication (5)

135.904 133.292 130.372 -4.1 -2.2

Other goods and services

470.222 477.130 492.263 4.7 3.2
 

Commodity and service group

 
 

All items

224.519 222.788 223.768 -0.3 0.4

Commodities

179.315 175.929 175.740 -2.0 -0.1

Commodities less food & beverages

157.909 152.862 152.388 -3.5 -0.3

Nondurables less food & beverages

201.480 188.964 187.769 -6.8 -0.6

Durables

117.150 118.224 118.340 1.0 0.1

Services

272.948 272.800 274.938 0.7 0.8
 

Special aggregate indexes

 
 

All items less medical care

213.694 211.473 212.346 -0.6 0.4

All items less shelter

222.389 219.231 220.240 -1.0 0.5

Commodities less food

161.543 156.553 156.115 -3.4 -0.3

Nondurables

211.961 205.758 205.375 -3.1 -0.2

Nondurables less food

205.847 193.841 192.761 -6.4 -0.6

Services less rent of shelter (2)

324.584 321.958 325.637 0.3 1.1

Services less medical care services

256.580 255.961 257.779 0.5 0.7

Energy

232.658 200.140 203.850 -12.4 1.9

All items less energy

226.194 227.881 228.585 1.1 0.3

All items less food and energy

229.455 231.266 232.015 1.1 0.3

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) Index is on a November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
 

Last Modified Date: Wednesday, January 20, 2016