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15-1569-DAL Wednesday, August 19, 2015

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Consumer Price Index, Dallas-Fort Worth – July 2015

Area prices little changed in June and July, down 0.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth was little changed in June and July, edging up 0.1 percent, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that a 2.1-percent increase in energy costs was nearly balanced by a 0.4-percent decline in food prices and no change in the index for all items less food and energy. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

During the 12 months ended in July 2015, the all items CPI-U fell 0.4 percent, the fourth consecutive period of annual declines for the overall index. (See chart 1.) In contrast, the index for all items less food and energy rose 1.6 percent over the year. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Dallas-Fort Worth, July 2012–July 2015

Food

Food prices fell 0.4 percent in June and July, after remaining unchanged in the previous two-month period. Opposing movements were registered by the two components of the index as prices for food at home (grocery store prices) decreased 1.0 percent while prices for food away from home increased 0.4 percent.

From July 2014 to July 2015, the food index rose 0.9 percent, reflecting the combined effects of a 2.8-percent price rise for food away from home and a 0.6-percent price decline at grocery stores. This period marked the first annual decrease in grocery store prices since December 2010 (-0.1 percent).

Energy

The energy index rose 2.1 percent in June and July, following a 6.3-percent increase in April and May. The current advance was the result of a 5.3-percent increase in household energy costs as higher prices were recorded for both natural gas and electricity, up 25.7 and 2.9 percent, respectively. This was the first bimonthly increase in natural gas prices since June and July 2014. Offsetting a portion of these advances, motor fuel costs decreased 1.0 percent during the period.

Despite the bimonthly rise in overall energy costs, the index registered a 16.8-percent decrease during the year ended in July 2015, as prices fell for all three energy components. A 26.4-percent drop in motor fuel prices was the biggest factor in the decrease, but natural gas costs also fell, down 17.5 percent during the last 12 months, and electricity prices declined 1.9 percent.

All items less food and energy

The index for all items less food and energy was unchanged in June and July, reflecting opposing movements among the sub-components. Shelter prices advanced 0.5 percent during the period, with increases registered for both renters’ costs and owners’ equivalent rent. Education and communication prices also rose, as did the index for recreation, up 1.4 and 0.9 percent, respectively. Among the components balancing these advances, prices fell for apparel (-4.1 percent) and for other goods and services (-0.1 percent), while medical care costs remained unchanged. Lower prices were also noted for airline fares and household appliances during the period.

From July 2014 to July 2015, the index for all items less food and energy advanced 1.6 percent. The biggest factor in the annual increase was a 3.9-percent rise in shelter costs, as the indexes rose for both renters’ costs (4.6 percent) and owners’ equivalent rent (3.7 percent). Another large contributor was a 4.5-percent annual rise in medical care prices. Countering a portion of these advances, annual declines were registered for apparel (-2.5 percent), household furnishings and operations (-4.0 percent), and education and communication (-1.0 percent).

The September 2015 Consumer Price Index for All Items for Dallas-Fort Worth is scheduled to be released Thursday, October 15, 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 Dallas-Fort Worth, Texas, Consolidated Metropolitan Statistical Area (CMSA) includes Collin, Dallas, Denton, Ellis, Henderson, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, and Tarrant Counties.

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,
Dallas-Fort Worth, TX (1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from -
 
May
2015
Jun.
2015
Jul.
2015
Jul.
2014
May
2015
Jun.
2015

All items

218.484   218.676 -0.4 0.1  

All items (1967 = 100)

685.373   685.976      

Food and beverages

249.029   247.956 0.9 -0.4  

Food

243.509   242.552 0.9 -0.4  

Food at home

219.630 220.331 217.495 -0.6 -1.0 -1.3

Food away from home

280.837   281.927 2.8 0.4  

Alcoholic beverages

323.310   320.019 1.1 -1.0  

Housing

198.139   200.056 2.1 1.0  

Shelter

213.661 213.496 214.699 3.9 0.5 0.6

Rent of primary residence (1)

221.966 222.736 223.931 4.6 0.9 0.5

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

227.777 228.295 229.696 3.7 0.8 0.6

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

227.777 228.295 229.696 3.7 0.8 0.6

Fuels and utilities

222.581   231.923 -2.4 4.2  

Household energy

210.417 215.789 221.598 -4.5 5.3 2.7

Energy services (1) (3)

206.872 212.204 218.059 -4.3 5.4 2.8

Electricity (1)

207.301 212.710 213.324 -1.9 2.9 0.3

Utility (piped) gas service (1)

149.600 153.073 187.973 -17.5 25.7 22.8

Household furnishings and operations

124.893   124.852 -4.0 0.0  

Apparel

111.535   106.992 -2.5 -4.1  

Transportation

207.953   205.342 -9.1 -1.3  

Private transportation

209.345   208.044 -9.1 -0.6  

Motor fuel

237.502 248.761 235.179 -26.4 -1.0 -5.5

Gasoline (all types)

236.642 248.249 234.513 -26.3 -0.9 -5.5

Gasoline, unleaded regular (4)

230.735 242.217 227.537 -27.3 -1.4 -6.1

Gasoline, unleaded midgrade (4) (5)

244.778 255.907 244.914 -24.5 0.1 -4.3

Gasoline, unleaded premium (4)

243.761 255.665 246.031 -22.7 0.9 -3.8

Medical care

411.996   412.078 4.5 0.0  

Recreation (6)

112.492   113.474 2.0 0.9  

Education and communication (6)

135.855   137.793 -1.0 1.4  

Other goods and services

385.644   385.228 2.5 -0.1  
 

COMMODITY AND SERVICE GROUP

 

Commodities

176.602   174.991 -5.1 -0.9  

Commodities less food and beverages

143.482   141.749 -8.4 -1.2  

Nondurables less food and beverages

174.294   171.898 -10.4 -1.4  

Durables

115.939   114.801 -5.5 -1.0  

Services

259.443   261.414 2.9 0.8  
 

SPECIAL AGGREGATE INDEXES

 

All items less shelter

221.457   221.274 -2.1 -0.1  

All items less medical care

209.044   209.240 -0.8 0.1  

Commodities less food

148.201   146.420 -8.1 -1.2  

Nondurables

208.594   206.743 -4.9 -0.9  

Nondurables less food

181.502   179.047 -9.8 -1.4  

Services less rent of shelter (2)

325.337   328.661 2.0 1.0  

Services less medical care services

244.139   246.193 2.8 0.8  

Energy

225.007 233.271 229.716 -16.8 2.1 -1.5

All items less energy

221.630   221.408 1.5 -0.1  

All items less food and energy

218.065   217.967 1.6 0.0  

(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) Prior to January 2011 this series was titled Gas (piped) and electricity.
(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: Wednesday, August 19, 2015

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News Release Information

15-1569-DAL Wednesday, August 19, 2015

Contacts

Technical information:
Media contact:
  • (972) 850-4800

Consumer Price Index, Dallas-Fort Worth – July 2015

Area prices little changed in June and July, down 0.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth was little changed in June and July, edging up 0.1 percent, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that a 2.1-percent increase in energy costs was nearly balanced by a 0.4-percent decline in food prices and no change in the index for all items less food and energy. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

During the 12 months ended in July 2015, the all items CPI-U fell 0.4 percent, the fourth consecutive period of annual declines for the overall index. (See chart 1.) In contrast, the index for all items less food and energy rose 1.6 percent over the year. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Dallas-Fort Worth, July 2012–July 2015

Food

Food prices fell 0.4 percent in June and July, after remaining unchanged in the previous two-month period. Opposing movements were registered by the two components of the index as prices for food at home (grocery store prices) decreased 1.0 percent while prices for food away from home increased 0.4 percent.

From July 2014 to July 2015, the food index rose 0.9 percent, reflecting the combined effects of a 2.8-percent price rise for food away from home and a 0.6-percent price decline at grocery stores. This period marked the first annual decrease in grocery store prices since December 2010 (-0.1 percent).

Energy

The energy index rose 2.1 percent in June and July, following a 6.3-percent increase in April and May. The current advance was the result of a 5.3-percent increase in household energy costs as higher prices were recorded for both natural gas and electricity, up 25.7 and 2.9 percent, respectively. This was the first bimonthly increase in natural gas prices since June and July 2014. Offsetting a portion of these advances, motor fuel costs decreased 1.0 percent during the period.

Despite the bimonthly rise in overall energy costs, the index registered a 16.8-percent decrease during the year ended in July 2015, as prices fell for all three energy components. A 26.4-percent drop in motor fuel prices was the biggest factor in the decrease, but natural gas costs also fell, down 17.5 percent during the last 12 months, and electricity prices declined 1.9 percent.

All items less food and energy

The index for all items less food and energy was unchanged in June and July, reflecting opposing movements among the sub-components. Shelter prices advanced 0.5 percent during the period, with increases registered for both renters’ costs and owners’ equivalent rent. Education and communication prices also rose, as did the index for recreation, up 1.4 and 0.9 percent, respectively. Among the components balancing these advances, prices fell for apparel (-4.1 percent) and for other goods and services (-0.1 percent), while medical care costs remained unchanged. Lower prices were also noted for airline fares and household appliances during the period.

From July 2014 to July 2015, the index for all items less food and energy advanced 1.6 percent. The biggest factor in the annual increase was a 3.9-percent rise in shelter costs, as the indexes rose for both renters’ costs (4.6 percent) and owners’ equivalent rent (3.7 percent). Another large contributor was a 4.5-percent annual rise in medical care prices. Countering a portion of these advances, annual declines were registered for apparel (-2.5 percent), household furnishings and operations (-4.0 percent), and education and communication (-1.0 percent).

The September 2015 Consumer Price Index for All Items for Dallas-Fort Worth is scheduled to be released Thursday, October 15, 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 Dallas-Fort Worth, Texas, Consolidated Metropolitan Statistical Area (CMSA) includes Collin, Dallas, Denton, Ellis, Henderson, Hood, Hunt, Johnson, Kaufman, Parker, Rockwall, and Tarrant Counties.

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,
Dallas-Fort Worth, TX (1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from -
 
May
2015
Jun.
2015
Jul.
2015
Jul.
2014
May
2015
Jun.
2015

All items

218.484   218.676 -0.4 0.1  

All items (1967 = 100)

685.373   685.976      

Food and beverages

249.029   247.956 0.9 -0.4  

Food

243.509   242.552 0.9 -0.4  

Food at home

219.630 220.331 217.495 -0.6 -1.0 -1.3

Food away from home

280.837   281.927 2.8 0.4  

Alcoholic beverages

323.310   320.019 1.1 -1.0  

Housing

198.139   200.056 2.1 1.0  

Shelter

213.661 213.496 214.699 3.9 0.5 0.6

Rent of primary residence (1)

221.966 222.736 223.931 4.6 0.9 0.5

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

227.777 228.295 229.696 3.7 0.8 0.6

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

227.777 228.295 229.696 3.7 0.8 0.6

Fuels and utilities

222.581   231.923 -2.4 4.2  

Household energy

210.417 215.789 221.598 -4.5 5.3 2.7

Energy services (1) (3)

206.872 212.204 218.059 -4.3 5.4 2.8

Electricity (1)

207.301 212.710 213.324 -1.9 2.9 0.3

Utility (piped) gas service (1)

149.600 153.073 187.973 -17.5 25.7 22.8

Household furnishings and operations

124.893   124.852 -4.0 0.0  

Apparel

111.535   106.992 -2.5 -4.1  

Transportation

207.953   205.342 -9.1 -1.3  

Private transportation

209.345   208.044 -9.1 -0.6  

Motor fuel

237.502 248.761 235.179 -26.4 -1.0 -5.5

Gasoline (all types)

236.642 248.249 234.513 -26.3 -0.9 -5.5

Gasoline, unleaded regular (4)

230.735 242.217 227.537 -27.3 -1.4 -6.1

Gasoline, unleaded midgrade (4) (5)

244.778 255.907 244.914 -24.5 0.1 -4.3

Gasoline, unleaded premium (4)

243.761 255.665 246.031 -22.7 0.9 -3.8

Medical care

411.996   412.078 4.5 0.0  

Recreation (6)

112.492   113.474 2.0 0.9  

Education and communication (6)

135.855   137.793 -1.0 1.4  

Other goods and services

385.644   385.228 2.5 -0.1  
 

COMMODITY AND SERVICE GROUP

 

Commodities

176.602   174.991 -5.1 -0.9  

Commodities less food and beverages

143.482   141.749 -8.4 -1.2  

Nondurables less food and beverages

174.294   171.898 -10.4 -1.4  

Durables

115.939   114.801 -5.5 -1.0  

Services

259.443   261.414 2.9 0.8  
 

SPECIAL AGGREGATE INDEXES

 

All items less shelter

221.457   221.274 -2.1 -0.1  

All items less medical care

209.044   209.240 -0.8 0.1  

Commodities less food

148.201   146.420 -8.1 -1.2  

Nondurables

208.594   206.743 -4.9 -0.9  

Nondurables less food

181.502   179.047 -9.8 -1.4  

Services less rent of shelter (2)

325.337   328.661 2.0 1.0  

Services less medical care services

244.139   246.193 2.8 0.8  

Energy

225.007 233.271 229.716 -16.8 2.1 -1.5

All items less energy

221.630   221.408 1.5 -0.1  

All items less food and energy

218.065   217.967 1.6 0.0  

(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) Prior to January 2011 this series was titled Gas (piped) and electricity.
(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: Wednesday, August 19, 2015