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15-232-DAL Thursday, February 26, 2015

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Consumer Price Index, Dallas-Fort Worth – January 2015

Area prices fall 1.1 percent during two-month period, down 0.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth fell 1.1 percent in December-January, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that the decline was the result of falling energy prices, particularly a 29.1-percent decrease in gasoline prices. Partially offsetting this decrease, the index for all items less food and energy rose 0.3 percent and food prices edged up 0.2 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 all items CPI-U declined 0.6 percent. (See chart 1.) This marked the first annual decline registered for the overall index since the year ending in November 2010 when prices decreased 0.4 percent. The index for all items less food and energy rose 1.2 percent over the year. (See table 1.)

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

Food

Food prices edged up 0.2 percent in December and January, after registering little change in October and November. Among the two components of the index, prices for food at home (grocery stores) rose 0.4 percent, while prices for food away from home were little changed, down 0.1 percent.

From January 2014 to January 2015, the food index rose 2.3 percent, reflecting price increases for both food at home (3.0 percent) and food away from home (1.3 percent).

Energy

The energy index fell 14.4 percent in December and January following an 11.6-percent decrease in October and November. The current decline was primarily the result of a 29.1-percent decrease in gasoline prices, the largest negative price movement for this index since November and December 2008 (-48.4 percent). Also contributing to the current decrease were lower prices for natural gas, down 2.7 percent. In contrast, a 1.4-percent increase in electricity prices moderated the overall change in the energy index.

Over the year, the energy index decreased 19.3 percent. As with the bimonthly decline, the leading factor in the annual decrease was lower motor fuel costs, as gasoline prices fell 40.1-percent from January 2014. Partially offsetting the gasoline decline, natural gas costs rose 11.9 percent and electricity prices increased 7.1 percent during the period.

All items less food and energy

The index for all items less food and energy advanced 0.3 percent in December and January. Among the leading factors in the advance were higher prices for shelter (0.9 percent), medical care (2.6 percent), and recreation (1.0 percent). Slowing these gains, apparel prices declined 4.2 percent during the period.

From January 2014 to January 2015, the index for all items less food and energy advanced 1.2 percent. The biggest factor was a 3.3-percent advance in shelter costs, though higher prices for medical care (up 4.2 percent) also contributed. Countering a portion of these annual increases, the cost of apparel fell 5.8 percent and education and communication prices declined 2.4 percent from January 2014.

The March 2015 Consumer Price Index for All Items for Dallas-Fort Worth will be released Friday, April 17, 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 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 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: 1-800-877-8339.

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 -
 
Nov.
2014
Dec.
2014
Jan.
2015
Jan.
2014
Nov.
2014
Dec.
2014

All items

217.188   214.899 -0.6 -1.1  

All items (1967 = 100)

681.308   674.127      

Food and beverages

249.432   249.845 2.0 0.2  

Food

244.140   244.601 2.3 0.2  

Food at home

222.199 222.125 223.150 3.0 0.4 0.5

Food away from home

278.115   277.723 1.3 -0.1  

Alcoholic beverages

318.950   318.315 -1.9 -0.2  

Housing

195.129   196.475 3.2 0.7  

Shelter

207.262 207.868 209.221 3.3 0.9 0.7

Rent of primary residence (1)

216.735 217.244 218.230 5.2 0.7 0.5

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

222.964 224.065 224.533 2.9 0.7 0.2

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

222.964 224.065 224.533 2.9 0.7 0.2

Fuels and utilities

229.666   231.120 6.1 0.6  

Household energy

220.844 222.831 222.188 7.3 0.6 -0.3

Energy services (1) (3)

216.896 218.958 218.608 7.8 0.8 -0.2

Electricity (1)

206.378 209.650 209.344 7.1 1.4 -0.1

Utility (piped) gas service (1)

220.888 215.334 214.821 11.9 -2.7 -0.2

Household furnishings and operations

128.014   126.810 -1.2 -0.9  

Apparel

112.281   107.610 -5.8 -4.2  

Transportation

210.720   193.314 -11.8 -8.3  

Private transportation

212.746   194.507 -12.1 -8.6  

Motor fuel

246.647 208.035 175.697 -39.7 -28.8 -15.5

Gasoline (all types)

244.092 205.120 173.128 -40.1 -29.1 -15.6

Gasoline, unleaded regular (4)

238.003 198.802 166.947 -41.2 -29.9 -16.0

Gasoline, unleaded midgrade (4) (5)

252.818 215.774 183.493 -37.9 -27.4 -15.0

Gasoline, unleaded premium (4)

251.051 214.821 185.262 -36.4 -26.2 -13.8

Medical care

400.872   411.132 4.2 2.6  

Recreation (6)

111.302   112.462 0.4 1.0  

Education and communication (6)

137.720   137.420 -2.4 -0.2  

Other goods and services

377.385   380.701 1.0 0.9  
 

COMMODITY AND SERVICE GROUP

 

Commodities

178.986   171.735 -5.7 -4.1  

Commodities less food and beverages

146.470   136.805 -10.2 -6.6  

Nondurables less food and beverages

176.635   159.012 -15.1 -10.0  

Durables

119.519   117.036 -3.3 -2.1  

Services

254.517   257.129 3.0 1.0  
 

SPECIAL AGGREGATE INDEXES

 

All items less shelter

222.423   218.238 -2.2 -1.9  

All items less medical care

208.172   205.364 -1.0 -1.3  

Commodities less food

151.103   141.470 -9.9 -6.4  

Nondurables

210.123   200.101 -6.6 -4.8  

Nondurables less food

183.643   166.386 -14.3 -9.4  

Services less rent of shelter (2)

322.768   326.305 2.8 1.1  

Services less medical care services

239.692   241.605 3.0 0.8  

Energy

234.884 217.196 201.177 -19.3 -14.4 -7.4

All items less energy

219.281   219.851 1.3 0.3  

All items less food and energy

215.218   215.806 1.2 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) 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: Thursday, February 26, 2015

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News Release Information

15-232-DAL Thursday, February 26, 2015

Contacts

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

Consumer Price Index, Dallas-Fort Worth – January 2015

Area prices fall 1.1 percent during two-month period, down 0.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Dallas-Fort Worth fell 1.1 percent in December-January, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that the decline was the result of falling energy prices, particularly a 29.1-percent decrease in gasoline prices. Partially offsetting this decrease, the index for all items less food and energy rose 0.3 percent and food prices edged up 0.2 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 all items CPI-U declined 0.6 percent. (See chart 1.) This marked the first annual decline registered for the overall index since the year ending in November 2010 when prices decreased 0.4 percent. The index for all items less food and energy rose 1.2 percent over the year. (See table 1.)

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

Food

Food prices edged up 0.2 percent in December and January, after registering little change in October and November. Among the two components of the index, prices for food at home (grocery stores) rose 0.4 percent, while prices for food away from home were little changed, down 0.1 percent.

From January 2014 to January 2015, the food index rose 2.3 percent, reflecting price increases for both food at home (3.0 percent) and food away from home (1.3 percent).

Energy

The energy index fell 14.4 percent in December and January following an 11.6-percent decrease in October and November. The current decline was primarily the result of a 29.1-percent decrease in gasoline prices, the largest negative price movement for this index since November and December 2008 (-48.4 percent). Also contributing to the current decrease were lower prices for natural gas, down 2.7 percent. In contrast, a 1.4-percent increase in electricity prices moderated the overall change in the energy index.

Over the year, the energy index decreased 19.3 percent. As with the bimonthly decline, the leading factor in the annual decrease was lower motor fuel costs, as gasoline prices fell 40.1-percent from January 2014. Partially offsetting the gasoline decline, natural gas costs rose 11.9 percent and electricity prices increased 7.1 percent during the period.

All items less food and energy

The index for all items less food and energy advanced 0.3 percent in December and January. Among the leading factors in the advance were higher prices for shelter (0.9 percent), medical care (2.6 percent), and recreation (1.0 percent). Slowing these gains, apparel prices declined 4.2 percent during the period.

From January 2014 to January 2015, the index for all items less food and energy advanced 1.2 percent. The biggest factor was a 3.3-percent advance in shelter costs, though higher prices for medical care (up 4.2 percent) also contributed. Countering a portion of these annual increases, the cost of apparel fell 5.8 percent and education and communication prices declined 2.4 percent from January 2014.

The March 2015 Consumer Price Index for All Items for Dallas-Fort Worth will be released Friday, April 17, 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 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 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: 1-800-877-8339.

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 -
 
Nov.
2014
Dec.
2014
Jan.
2015
Jan.
2014
Nov.
2014
Dec.
2014

All items

217.188   214.899 -0.6 -1.1  

All items (1967 = 100)

681.308   674.127      

Food and beverages

249.432   249.845 2.0 0.2  

Food

244.140   244.601 2.3 0.2  

Food at home

222.199 222.125 223.150 3.0 0.4 0.5

Food away from home

278.115   277.723 1.3 -0.1  

Alcoholic beverages

318.950   318.315 -1.9 -0.2  

Housing

195.129   196.475 3.2 0.7  

Shelter

207.262 207.868 209.221 3.3 0.9 0.7

Rent of primary residence (1)

216.735 217.244 218.230 5.2 0.7 0.5

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

222.964 224.065 224.533 2.9 0.7 0.2

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

222.964 224.065 224.533 2.9 0.7 0.2

Fuels and utilities

229.666   231.120 6.1 0.6  

Household energy

220.844 222.831 222.188 7.3 0.6 -0.3

Energy services (1) (3)

216.896 218.958 218.608 7.8 0.8 -0.2

Electricity (1)

206.378 209.650 209.344 7.1 1.4 -0.1

Utility (piped) gas service (1)

220.888 215.334 214.821 11.9 -2.7 -0.2

Household furnishings and operations

128.014   126.810 -1.2 -0.9  

Apparel

112.281   107.610 -5.8 -4.2  

Transportation

210.720   193.314 -11.8 -8.3  

Private transportation

212.746   194.507 -12.1 -8.6  

Motor fuel

246.647 208.035 175.697 -39.7 -28.8 -15.5

Gasoline (all types)

244.092 205.120 173.128 -40.1 -29.1 -15.6

Gasoline, unleaded regular (4)

238.003 198.802 166.947 -41.2 -29.9 -16.0

Gasoline, unleaded midgrade (4) (5)

252.818 215.774 183.493 -37.9 -27.4 -15.0

Gasoline, unleaded premium (4)

251.051 214.821 185.262 -36.4 -26.2 -13.8

Medical care

400.872   411.132 4.2 2.6  

Recreation (6)

111.302   112.462 0.4 1.0  

Education and communication (6)

137.720   137.420 -2.4 -0.2  

Other goods and services

377.385   380.701 1.0 0.9  
 

COMMODITY AND SERVICE GROUP

 

Commodities

178.986   171.735 -5.7 -4.1  

Commodities less food and beverages

146.470   136.805 -10.2 -6.6  

Nondurables less food and beverages

176.635   159.012 -15.1 -10.0  

Durables

119.519   117.036 -3.3 -2.1  

Services

254.517   257.129 3.0 1.0  
 

SPECIAL AGGREGATE INDEXES

 

All items less shelter

222.423   218.238 -2.2 -1.9  

All items less medical care

208.172   205.364 -1.0 -1.3  

Commodities less food

151.103   141.470 -9.9 -6.4  

Nondurables

210.123   200.101 -6.6 -4.8  

Nondurables less food

183.643   166.386 -14.3 -9.4  

Services less rent of shelter (2)

322.768   326.305 2.8 1.1  

Services less medical care services

239.692   241.605 3.0 0.8  

Energy

234.884 217.196 201.177 -19.3 -14.4 -7.4

All items less energy

219.281   219.851 1.3 0.3  

All items less food and energy

215.218   215.806 1.2 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) 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: Thursday, February 26, 2015