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14-597-DAL

7:30 a.m. (CT), Tuesday, April 15, 2014

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Dallas-Fort Worth Consumer Price Index – March 2014

Area prices rise 1.1 percent during two-month period, up 1.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Dallas-Fort Worth area rose 1.1 percent in February and March, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that a 6.3-percent increase in energy costs and a 0.7-percent rise in the index for all items less food and energy were nearly equal contributors to the bimonthly advance; food prices were unchanged during the period. (Data in this report are not seasonally adjusted. Accordingly, short-term changes may reflect the impact of seasonal influences.)

Over the last 12 months, the all items CPI-U rose 1.0 percent in the Dallas-Fort Worth area, the slowest annual rate of gain since January 2011. The index for all items less food and energy advanced 1.4 percent during the year ended in March 2014; annual increases for this index have been 2.0 percent or less since March 2013. (See chart 1.)


Chart 1. Over-the-year percent change in CPI-U, Dallas-Fort Worth, March 2011-March 2014



Food

Local food prices were unchanged in February and March after increasing 0.8 percent in December and January. Movements in the two components of the index were also flat as prices for food at home (grocery stores) were essentially unchanged (0.1 percent) and prices for food away from home registered no change.

From March 2013 to March 2014, the food index was up 1.5 percent, reflecting the combined effects of a 0.8-percent price rise at grocery stores and a 2.3-percent price rise for food away from home. Annual increases in total food prices have been 3.0 percent or less since March 2012. In recent periods, annual increases have slowed even more for grocery items in particular, which have registered advances of 1.5 percent or less since September 2013.

Energy

The energy index climbed 6.3 percent in February and March following a 1.0-percent increase in December and January. The biggest factor in the current gain was a 6.7-percent rise in motor fuel prices, though higher costs for electricity and natural gas (up 3.9 and 17.4 percent, respectively) were also strong contributors.

Despite recent increases, motor fuel costs were 6.7 percent below their year-ago level, pushing the total cost of energy down 1.4 percent over the year. In contrast, natural gas costs climbed 38.6 percent and electricity prices were up 3.7 percent during the same period.

All items less food and energy

The index for all items less food and energy rose 0.7 percent in February and March, after rising 0.3 percent in the previous bimonthly period. Higher prices for shelter and apparel, up 1.1 and 5.2 percent, respectively, were the leading factors in the current advance. Within the apparel component, price increases were most notable for women’s clothing and footwear, reflecting in part the introduction of new spring and summer lines. Offsetting a portion of these advances, prices fell for the medical care and other goods and services components. Medical care costs declined 2.3 percent with lower prices noted for prescription drugs and hospital services. The other goods and services index declined 0.8 percent, primarily due to a decrease in tobacco prices.

From March 2013 to March 2014, the index for all items less food and energy moved up 1.4 percent. The biggest factor was a 2.9-percent advance in shelter costs, though higher prices for recreation (3.1 percent) were also a strong contributor. Slowing the overall rate of increase for all items less food and energy, the indexes for medical care and education and communication both declined 0.5 percent over the year.

Next Release Date: The May 2013 Consumer Price Index for All Items for Dallas-Fort Worth will be released on June 17, 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 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 -
Historical
data
Jan.
2014
Feb.
2014
Mar.
2014
Mar.
2013
Jan.
2014
Feb.
2014

All items

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216.291 218.715 1.0 1.1

All items (1967 = 100)

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678.493 686.096

Food and beverages

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244.901 244.707 1.4 -0.1

Food

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239.161 239.242 1.5 0.0

Food at home

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216.692 216.949 216.860 0.8 0.1 0.0

Food away from home

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274.125 274.057 2.3 0.0

Alcoholic beverages

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324.355 318.526 0.2 -1.8

Housing

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190.357 193.353 2.6 1.6

Shelter

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202.499 203.782 204.810 2.9 1.1 0.5

Rent of primary residence (1)

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207.405 207.856 209.273 2.4 0.9 0.7

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

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218.171 219.519 219.911 2.4 0.8 0.2

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

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218.171 219.519 219.911 2.4 0.8 0.2

Fuels and utilities

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217.923 229.202 5.9 5.2

Household energy

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207.008 214.672 218.927 7.7 5.8 2.0

Energy services (1) (3)

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202.866 210.285 214.643 7.7 5.8 2.1

Electricity (1)

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195.541 203.898 203.094 3.7 3.9 -0.4

Utility (piped) gas service (1)

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191.930 191.906 225.246 38.6 17.4 17.4

Household furnishings and operations

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128.309 127.942 -3.9 -0.3

Apparel

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114.249 120.157 1.2 5.2

Transportation

Jump to page with historical data
219.292 224.790 -2.2 2.5

Private transportation

Jump to page with historical data
221.258 227.037 -2.4 2.6

Motor fuel

Jump to page with historical data
291.438 297.322 311.066 -6.7 6.7 4.6

Gasoline (all types)

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289.251 295.276 309.352 -6.6 6.9 4.8

Gasoline, unleaded regular (4)

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283.754 289.871 304.062 -6.8 7.2 4.9

Gasoline, unleaded midgrade (4) (5)

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295.714 301.081 314.851 -6.3 6.5 4.6

Gasoline, unleaded premium (4)

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291.254 296.940 309.499 -5.8 6.3 4.2

Medical care

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394.380 385.506 -0.5 -2.3

Recreation (6)

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111.965 112.956 3.1 0.9

Education and communication (6)

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140.781 140.716 -0.5 0.0

Other goods and services

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376.898 373.894 0.4 -0.8

COMMODITY AND SERVICE GROUP

Commodities

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182.202 184.331 -1.3 1.2

Commodities less food and beverages

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152.296 155.160 -3.0 1.9

Nondurables less food and beverages

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187.295 193.247 -3.0 3.2

Durables

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120.984 121.058 -2.3 0.1

Services

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249.563 252.273 2.6 1.1

SPECIAL AGGREGATE INDEXES

All items less shelter

Jump to page with historical data
223.240 225.723 0.2 1.1

All items less medical care

Jump to page with historical data
207.517 210.406 1.2 1.4

Commodities less food

Jump to page with historical data
156.994 159.749 -2.8 1.8

Nondurables

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214.333 217.695 -1.0 1.6

Nondurables less food

Jump to page with historical data
194.253 199.875 -2.9 2.9

Services less rent of shelter (2)

Jump to page with historical data
317.519 320.857 2.4 1.1

Services less medical care services

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234.614 238.118 3.0 1.5

Energy

Jump to page with historical data
249.383 256.237 265.124 -1.4 6.3 3.5

All items less energy

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216.948 218.185 1.4 0.6

All items less food and energy

Jump to page with historical data
213.326 214.756 1.4 0.7

(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: April 15, 2014