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14-270-CHI

Thursday, February 20, 2014

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Consumer Price Index, Cincinnati-Hamilton – 2013 Annual Averages


The Consumer Price Index for All Urban Consumers (CPI-U) in the Cincinnati-Hamilton area rose 1.7 percent from 2012 to 2013, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the energy index increased 1.1 percent in 2013, primarily due to higher electricity and utility (piped) gas service prices. Food prices increased 0.9 percent. The index for all items less food and energy rose 2.1 percent. Within the all items less food and energy category, the indexes for shelter, education and communication, and medical care were higher, while the index for apparel was lower.

Food

Average annual food prices rose 0.9 percent in 2013 after rising 2.7 percent in 2012. Between the two components of the food index, prices for food at home increased 0.5 percent while food away from home costs advanced 2.0 percent.

Energy

The energy index increased 1.1 percent in 2013 after decreasing 1.6 percent in 2012. Within the energy category, the index for electricity rose 5.8 percent and utility (piped) gas service costs were 4.6 percent higher compared to their respective 2012 averages. In contrast, the index for gasoline declined 1.7 percent in 2013.

All items less food and energy

Over the year, the annual average index for all items less food and energy increased 2.1 percent. Among the index’s components, higher costs were recorded for shelter (2.9 percent), education and communication (3.6 percent), and medical care (1.7 percent). In contrast, apparel prices fell 3.9 percent.

____________

The first half 2014 Consumer Price Index for Cincinnati-Hamilton is scheduled to be released on August 19, 2014.


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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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 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 annual averages and percent changes for selected periods

Cincinnati-Hamilton, OH-KY-IN (1982-84=100 unless otherwise noted)
Item and Group
Annual average indexes
Percent change
2012 to 2013
2012 2013

Expenditure category

All items

216.316 220.029 1.7

All items (1967=100)

669.331 680.821 -

Food and beverages

211.090 212.889 0.9

Food

207.969 209.859 0.9

Food at home

206.565 207.586 0.5

Food away from home

213.167 217.457 2.0

Alcoholic beverages

236.112 236.365 0.1

Housing

195.388 200.758 2.7

Shelter

222.561 229.006 2.9

Rent of primary residence (1)

222.532 229.487 3.1

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

224.470 230.581 2.7

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

224.470 230.581 2.7

Fuels and utilities

206.074 216.386 5.0

Household energy

170.770 179.568 5.2

Energy services (1)

174.608 184.151 5.5

Electricity (1)

174.161 184.291 5.8

Utility (piped) gas service (1)

167.804 175.493 4.6

Household furnishings and operations

115.768 113.966 -1.6

Apparel

146.886 141.160 -3.9

Transportation

209.800 210.574 0.4

Private transportation

208.623 207.883 -0.4

Motor fuel

324.398 319.025 -1.7

Gasoline (all types)

323.546 318.030 -1.7

Gasoline, unleaded regular (3)

334.674 328.721 -1.8

Gasoline, unleaded midgrade (3) (4)

312.155 307.413 -1.5

Gasoline, unleaded premium (3)

275.303 271.272 -1.5

Medical care

434.024 441.508 1.7

Recreation (5)

120.825 122.488 1.4

Education and communication (5)

131.194 135.860 3.6

Other goods and services

441.716 455.061 3.0

Commodity and service group

All items

216.316 220.029 1.7

Commodities

180.139 179.330 -0.4

Commodities less food & beverages

162.722 160.712 -1.2

Nondurables less food & beverages

210.394 207.042 -1.6

Durables

117.736 117.105 -0.5

Services

255.702 263.973 3.2

Special aggregate indexes

All items less medical care

206.294 209.832 1.7

All items less shelter

215.867 218.461 1.2

Commodities less food

165.984 164.024 -1.2

Nondurables

212.692 211.790 -0.4

Nondurables less food

213.767 210.581 -1.5

Services less rent of shelter (2)

301.159 311.558 3.5

Services less medical care services

239.609 247.780 3.4

Energy

239.476 242.013 1.1

All items less energy

216.365 220.427 1.9

All items less food and energy

219.215 223.738 2.1

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.

Table 2. 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 2013 from-
2nd half
2012
1st half
2013
2nd half
2013
2nd half
2012
1st half
2013

Expenditure category

All items

217.425 218.797 221.262 1.8 1.1

All items (1967=100)

672.761 677.008 684.634 - -

Food and beverages

211.825 211.953 213.825 0.9 0.9

Food

208.789 208.843 210.875 1.0 1.0

Food at home

207.047 206.771 208.402 0.7 0.8

Food away from home

215.009 215.764 219.151 1.9 1.6

Alcoholic beverages

235.497 236.721 236.009 0.2 -0.3

Housing

196.434 198.632 202.884 3.3 2.1

Shelter

223.628 227.208 230.803 3.2 1.6

Rent of primary residence (1)

223.757 226.652 232.322 3.8 2.5

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

225.255 228.890 232.272 3.1 1.5

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

225.255 228.890 232.272 3.1 1.5

Fuels and utilities

210.200 211.789 220.982 5.1 4.3

Household energy

174.116 175.728 183.408 5.3 4.4

Energy services (1)

178.380 180.018 188.284 5.6 4.6

Electricity (1)

178.760 178.329 190.252 6.4 6.7

Utility (piped) gas service (1)

169.402 175.978 175.009 3.3 -0.6

Household furnishings and operations

115.264 112.965 114.968 -0.3 1.8

Apparel

149.530 141.107 141.214 -5.6 0.1

Transportation

209.719 210.972 210.176 0.2 -0.4

Private transportation

208.484 208.345 207.420 -0.5 -0.4

Motor fuel

321.258 327.893 310.158 -3.5 -5.4

Gasoline (all types)

320.246 327.064 308.996 -3.5 -5.5

Gasoline, unleaded regular (3)

331.244 338.219 319.224 -3.6 -5.6

Gasoline, unleaded midgrade (3) (4)

308.914 315.856 298.971 -3.2 -5.3

Gasoline, unleaded premium (3)

272.645 278.457 264.086 -3.1 -5.2

Medical care

436.653 438.311 444.705 1.8 1.5

Recreation (5)

121.779 122.596 122.379 0.5 -0.2

Education and communication (5)

132.829 135.498 136.223 2.6 0.5

Other goods and services

442.248 450.615 459.508 3.9 2.0

Commodity and service group

All items

217.425 218.797 221.262 1.8 1.1

Commodities

180.438 179.213 179.447 -0.5 0.1

Commodities less food & beverages

162.812 160.978 160.446 -1.5 -0.3

Nondurables less food & beverages

211.109 208.415 205.670 -2.6 -1.3

Durables

117.152 116.177 118.033 0.8 1.6

Services

257.633 261.611 266.334 3.4 1.8

Special aggregate indexes

All items less medical care

207.334 208.688 210.976 1.8 1.1

All items less shelter

217.070 217.544 219.377 1.1 0.8

Commodities less food

166.055 164.295 163.753 -1.4 -0.3

Nondurables

213.424 212.064 211.517 -0.9 -0.3

Nondurables less food

214.416 211.910 209.251 -2.4 -1.3

Services less rent of shelter (2)

304.473 308.910 314.206 3.2 1.7

Services less medical care services

241.494 245.422 250.138 3.6 1.9

Energy

239.954 243.801 240.225 0.1 -1.5

All items less energy

217.444 218.984 221.870 2.0 1.3

All items less food and energy

220.354 222.202 225.275 2.2 1.4

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) 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: february 20, 2014

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