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15-1180-CHI Thursday, June 18, 2015

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Consumer Price Index, Cleveland-Akron-Lorain — May 2015

Local prices down 0.1 percent over the year

The Cleveland-Akron, Ohio, Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent from March to May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that food prices and energy costs rose 0.5 percent and 0.4 percent, respectively, over the bi-monthly period. The index for all items less food and energy increased 0.4 percent. Within this last category, costs were higher for recreation and airline fares over the two-month period. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the past 12 months the Cleveland area all items CPI-U fell 0.1 percent. (See chart 1 and table A.) The energy index declined 20.8 percent from its May 2014 level due to decreases in gasoline prices and utility (piped) gas service costs over the year. The index for all items less food and energy rose 2.2 percent over the past 12 months. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Cleveland, May 2012–May 2015

Food

Food prices rose 0.5 percent from March to May following a 0.4-percent decrease over the previous bi-monthly period. Between the food index’s two components, prices for food at home (groceries) and food away from home (restaurant, cafeteria, and vending purchases) rose 0.7 percent and 0.1 percent, respectively, over the recent two-month period. Over the year, food at home prices were up 1.0 percent while prices for food away from home rose 3.3 percent. Overall food costs rose 1.9 percent from a year ago.

Energy

The energy index increased 0.4 percent from March to May following a 5.1-percent increase over the previous bi-monthly period. In the recent period, increases in costs for gasoline (7.9 percent) were partially offset by declines in utility (piped) gas service costs (-10.0 percent) and electricity prices (-3.5 percent).

Over the year, the energy index fell 20.8 percent. Annual increases in costs for electricity (4.6 percent), were more than offset by a drop in gasoline prices (-30.5 percent) and a decline in utility (piped) gas service costs (-26.6 percent).

All items less food and energy

The index for all items less food and energy rose 0.4 percent from March to May. Among the index’s components, increases were recorded in costs for recreation (1.3 percent), and airline fares. Apparel prices declined 4.0 percent.

Over the year, the index for all items less food and energy rose 2.2 percent mostly due to a 2.5-percent annual increase in the cost of shelter. Also contributing, but to a lesser extent, were annual gains in costs for medical care (5.2 percent) and apparel (4.8 percent).

Table A. Cleveland 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

January

0.7 2.2 0.4 2.1 0.2 1.5 0.3 1.1 -0.7 0.5

March

0.9 2.8 1.3 2.6 0.9 1.0 1.6 1.9 0.9 -0.2

May

1.3 4.0 -0.1 1.1 0.4 1.5 0.2 1.7 0.4 -0.1

July

-0.2 3.8 0.0 1.4 0.7 2.2 0.5 1.4    

September

0.6 3.7 1.0 1.8 -0.4 0.7 -0.5 1.3    

November

-0.8 2.5 -1.0 1.6 -0.7 1.0 -0.6 1.5    

The July 2015 Consumer Price Index for Cleveland is scheduled to be released on Wednesday, August 19, 2015.


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/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 Cleveland-Akron, Ohio consolidated area covered in this release is comprised of Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Medina, Portage, and Summit 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 and percent changes for selected periods

Cleveland-Akron, OH (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Mar.
2015
Apr.
2015
May
2015
May
2014
Mar.
2015
Apr.
2015

Expenditure category

 
 

All items

220.444 - 221.277 -0.1 0.4 -

All items (1967=100)

706.407 - 709.076 - - -

Food and beverages

249.586 - 250.742 1.9 0.5 -

Food

254.798 - 255.980 1.9 0.5 -

Food at home

246.908 248.568 248.697 1.0 0.7 0.1

Food away from home

269.985 - 270.248 3.3 0.1 -

Alcoholic beverages

191.251 - 192.115 1.9 0.5 -

Housing

202.974 - 203.371 1.1 0.2 -

Shelter

233.624 233.440 235.938 2.5 1.0 1.1

Rent of primary residence (1)

230.833 231.637 232.147 2.1 0.6 0.2

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

227.845 227.651 228.045 1.9 0.1 0.2

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

227.845 227.651 228.045 1.9 0.1 0.2

Fuels and utilities

198.452 - 189.674 -5.3 -4.4 -

Household energy

164.916 160.194 155.418 -8.6 -5.8 -3.0

Energy services (1)

163.179 158.602 153.731 -8.6 -5.8 -3.1

Electricity (1)

177.425 171.258 171.258 4.6 -3.5 0.0

Utility (piped) gas service (1)

127.142 125.123 114.443 -26.6 -10.0 -8.5

Household furnishings and operations

116.963 - 117.525 -0.8 0.5 -

Apparel

138.962 - 133.465 4.8 -4.0 -

Transportation

197.701 - 202.337 -7.7 2.3 -

Private transportation

198.987 - 203.113 -7.7 2.1 -

Motor fuel

242.729 239.651 261.809 -30.5 7.9 9.2

Gasoline (all types)

240.018 236.983 258.914 -30.5 7.9 9.3

Gasoline, unleaded regular (3)

230.223 227.402 249.390 -31.2 8.3 9.7

Gasoline, unleaded midgrade (3) (4)

250.919 247.371 268.065 -29.3 6.8 8.4

Gasoline, unleaded premium (3)

244.336 241.149 259.876 -27.6 6.4 7.8

Medical care

417.493 - 414.176 5.2 -0.8 -

Recreation (5)

115.674 - 117.148 0.7 1.3 -

Education and communication (5)

125.219 - 124.916 -0.3 -0.2 -

Other goods and services

409.557 - 409.363 0.3 0.0 -
 

Commodity and service group

 
 

All items

220.444 - 221.277 -0.1 0.4 -

Commodities

190.348 - 191.880 -2.5 0.8 -

Commodities less food & beverages

159.984 - 161.618 -5.0 1.0 -

Nondurables less food & beverages

206.968 - 208.818 -9.0 0.9 -

Durables

109.692 - 111.003 1.0 1.2 -

Services

251.302 - 251.524 1.6 0.1 -
 

Special aggregate indexes

 
 

All items less medical care

211.423 - 212.432 -0.5 0.5 -

All items less shelter

217.180 - 217.410 -1.2 0.1 -

Commodities less food

161.293 - 162.907 -4.8 1.0 -

Nondurables

229.003 - 230.534 -3.6 0.7 -

Nondurables less food

205.654 - 207.436 -8.4 0.9 -

Services less rent of shelter (2)

276.003 - 273.626 0.7 -0.9 -

Services less medical care services

238.991 - 239.556 1.4 0.2 -

Energy

195.276 191.096 196.079 -20.8 0.4 2.6

All items less energy

224.912 - 225.756 2.2 0.4 -

All items less food and energy

219.806 - 220.593 2.2 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) Index is on a December 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.
Note: Index applies to a month as a whole, not to any specific date.
 

Last Modified Date: Thursday, June 18, 2015

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News Release Information

15-1180-CHI Thursday, June 18, 2015

Contacts

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

Consumer Price Index, Cleveland-Akron-Lorain — May 2015

Local prices down 0.1 percent over the year

The Cleveland-Akron, Ohio, Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent from March to May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that food prices and energy costs rose 0.5 percent and 0.4 percent, respectively, over the bi-monthly period. The index for all items less food and energy increased 0.4 percent. Within this last category, costs were higher for recreation and airline fares over the two-month period. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the past 12 months the Cleveland area all items CPI-U fell 0.1 percent. (See chart 1 and table A.) The energy index declined 20.8 percent from its May 2014 level due to decreases in gasoline prices and utility (piped) gas service costs over the year. The index for all items less food and energy rose 2.2 percent over the past 12 months. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Cleveland, May 2012–May 2015

Food

Food prices rose 0.5 percent from March to May following a 0.4-percent decrease over the previous bi-monthly period. Between the food index’s two components, prices for food at home (groceries) and food away from home (restaurant, cafeteria, and vending purchases) rose 0.7 percent and 0.1 percent, respectively, over the recent two-month period. Over the year, food at home prices were up 1.0 percent while prices for food away from home rose 3.3 percent. Overall food costs rose 1.9 percent from a year ago.

Energy

The energy index increased 0.4 percent from March to May following a 5.1-percent increase over the previous bi-monthly period. In the recent period, increases in costs for gasoline (7.9 percent) were partially offset by declines in utility (piped) gas service costs (-10.0 percent) and electricity prices (-3.5 percent).

Over the year, the energy index fell 20.8 percent. Annual increases in costs for electricity (4.6 percent), were more than offset by a drop in gasoline prices (-30.5 percent) and a decline in utility (piped) gas service costs (-26.6 percent).

All items less food and energy

The index for all items less food and energy rose 0.4 percent from March to May. Among the index’s components, increases were recorded in costs for recreation (1.3 percent), and airline fares. Apparel prices declined 4.0 percent.

Over the year, the index for all items less food and energy rose 2.2 percent mostly due to a 2.5-percent annual increase in the cost of shelter. Also contributing, but to a lesser extent, were annual gains in costs for medical care (5.2 percent) and apparel (4.8 percent).

Table A. Cleveland 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

January

0.7 2.2 0.4 2.1 0.2 1.5 0.3 1.1 -0.7 0.5

March

0.9 2.8 1.3 2.6 0.9 1.0 1.6 1.9 0.9 -0.2

May

1.3 4.0 -0.1 1.1 0.4 1.5 0.2 1.7 0.4 -0.1

July

-0.2 3.8 0.0 1.4 0.7 2.2 0.5 1.4    

September

0.6 3.7 1.0 1.8 -0.4 0.7 -0.5 1.3    

November

-0.8 2.5 -1.0 1.6 -0.7 1.0 -0.6 1.5    

The July 2015 Consumer Price Index for Cleveland is scheduled to be released on Wednesday, August 19, 2015.


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/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 Cleveland-Akron, Ohio consolidated area covered in this release is comprised of Ashtabula, Cuyahoga, Geauga, Lake, Lorain, Medina, Portage, and Summit 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 and percent changes for selected periods

Cleveland-Akron, OH (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Mar.
2015
Apr.
2015
May
2015
May
2014
Mar.
2015
Apr.
2015

Expenditure category

 
 

All items

220.444 - 221.277 -0.1 0.4 -

All items (1967=100)

706.407 - 709.076 - - -

Food and beverages

249.586 - 250.742 1.9 0.5 -

Food

254.798 - 255.980 1.9 0.5 -

Food at home

246.908 248.568 248.697 1.0 0.7 0.1

Food away from home

269.985 - 270.248 3.3 0.1 -

Alcoholic beverages

191.251 - 192.115 1.9 0.5 -

Housing

202.974 - 203.371 1.1 0.2 -

Shelter

233.624 233.440 235.938 2.5 1.0 1.1

Rent of primary residence (1)

230.833 231.637 232.147 2.1 0.6 0.2

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

227.845 227.651 228.045 1.9 0.1 0.2

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

227.845 227.651 228.045 1.9 0.1 0.2

Fuels and utilities

198.452 - 189.674 -5.3 -4.4 -

Household energy

164.916 160.194 155.418 -8.6 -5.8 -3.0

Energy services (1)

163.179 158.602 153.731 -8.6 -5.8 -3.1

Electricity (1)

177.425 171.258 171.258 4.6 -3.5 0.0

Utility (piped) gas service (1)

127.142 125.123 114.443 -26.6 -10.0 -8.5

Household furnishings and operations

116.963 - 117.525 -0.8 0.5 -

Apparel

138.962 - 133.465 4.8 -4.0 -

Transportation

197.701 - 202.337 -7.7 2.3 -

Private transportation

198.987 - 203.113 -7.7 2.1 -

Motor fuel

242.729 239.651 261.809 -30.5 7.9 9.2

Gasoline (all types)

240.018 236.983 258.914 -30.5 7.9 9.3

Gasoline, unleaded regular (3)

230.223 227.402 249.390 -31.2 8.3 9.7

Gasoline, unleaded midgrade (3) (4)

250.919 247.371 268.065 -29.3 6.8 8.4

Gasoline, unleaded premium (3)

244.336 241.149 259.876 -27.6 6.4 7.8

Medical care

417.493 - 414.176 5.2 -0.8 -

Recreation (5)

115.674 - 117.148 0.7 1.3 -

Education and communication (5)

125.219 - 124.916 -0.3 -0.2 -

Other goods and services

409.557 - 409.363 0.3 0.0 -
 

Commodity and service group

 
 

All items

220.444 - 221.277 -0.1 0.4 -

Commodities

190.348 - 191.880 -2.5 0.8 -

Commodities less food & beverages

159.984 - 161.618 -5.0 1.0 -

Nondurables less food & beverages

206.968 - 208.818 -9.0 0.9 -

Durables

109.692 - 111.003 1.0 1.2 -

Services

251.302 - 251.524 1.6 0.1 -
 

Special aggregate indexes

 
 

All items less medical care

211.423 - 212.432 -0.5 0.5 -

All items less shelter

217.180 - 217.410 -1.2 0.1 -

Commodities less food

161.293 - 162.907 -4.8 1.0 -

Nondurables

229.003 - 230.534 -3.6 0.7 -

Nondurables less food

205.654 - 207.436 -8.4 0.9 -

Services less rent of shelter (2)

276.003 - 273.626 0.7 -0.9 -

Services less medical care services

238.991 - 239.556 1.4 0.2 -

Energy

195.276 191.096 196.079 -20.8 0.4 2.6

All items less energy

224.912 - 225.756 2.2 0.4 -

All items less food and energy

219.806 - 220.593 2.2 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) Index is on a December 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.
Note: Index applies to a month as a whole, not to any specific date.
 

Last Modified Date: Thursday, June 18, 2015