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14-1168-DAL

7:30 a.m. (CT), Tuesday, June 17, 2014

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Consumer Price Index, Dallas-Fort Worth – May 2014

Area prices rise 0.4 percent during two-month period, up 1.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Dallas-Fort Worth area rose 0.4 percent in April and May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that increased energy prices accounted for the vast majority of the two-month rise, though higher food prices also contributed. The index for all items less food and energy was 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 1.8 percent in the Dallas-Fort Worth area. The index for all items less food and energy advanced 1.7 percent during the year ended in May 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, May 2011-May 2014



Food

Local food prices rose 0.6 percent in April and May, after registering no change in February and March. Among the two components of the index, prices for food at home (grocery stores) advanced 1.0 percent, while prices for food away from home were unchanged.

From May 2013 to May 2014, the food index was up 1.7 percent, reflecting the combined effects of a 1.3-percent price rise at grocery stores and a 2.1-percent price rise for food away from home. Annual increases in total food prices have been 3.0 percent or less since March 2012.

Energy

The energy index advanced 3.5 percent in April and May, following a 6.3-percent increase in February and March. The biggest factors in the current gain were higher prices for both electricity and gasoline, up 5.3 and 2.9 percent, respectively. Also contributing, natural gas costs increased 0.6 percent during the period.

Over the year, total energy costs advanced 3.4 percent. The leading contributor to this advance was higher household energy costs, as prices for natural gas climbed 30.7 percent and electricity prices rose 5.1 percent. Helping to slow the overall rate of increase for the energy index, gasoline costs rose just 0.6 percent over the year.

All items less food and energy

The index for all items less food and energy was unchanged in April and May, reflecting opposing movements among the sub-components. The shelter index rose 0.4 percent as higher costs were registered for both renters (1.4 percent) and homeowners (0.3 percent). Medical care costs also rose, up 1.0 percent, as did the indexes for recreation and other goods and services, up 0.5 and 0.8 percent, respectively. Among the components balancing these increases, apparel prices dropped 4.8 percent and education and communication costs fell 1.3 percent.

From May 2013 to May 2014, the index for all items less food and energy moved up 1.7 percent. The biggest factor was a 3.8-percent advance in shelter costs, though higher prices for medical care and recreation (up 2.6 and 2.8 percent, respectively) were also strong contributors.

Next Release Date: The July 2014 Consumer Price Index for All Items for Dallas-Fort Worth will 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 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
Mar.
2014
Apr.
2014
May
2014
May
2013
Mar.
2014
Apr.
2014

All items

Jump to page with historical data
218.715 219.590 1.8 0.4

All items (1967 = 100)

Jump to page with historical data
686.096 688.841

Food and beverages

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244.707 246.349 1.7 0.7

Food

Jump to page with historical data
239.242 240.574 1.7 0.6

Food at home

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216.860 218.965 218.952 1.3 1.0 0.0

Food away from home

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274.057 274.057 2.1 0.0

Alcoholic beverages

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318.526 326.276 1.9 2.4

Housing

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193.353 194.563 3.0 0.6

Shelter

Jump to page with historical data
204.810 204.997 205.541 3.8 0.4 0.3

Rent of primary residence (1)

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209.273 211.021 212.138 4.6 1.4 0.5

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

Jump to page with historical data
219.911 220.238 220.670 3.1 0.3 0.2

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

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219.911 220.238 220.670 3.1 0.3 0.2

Fuels and utilities

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229.202 234.923 5.4 2.5

Household energy

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218.927 219.864 228.647 8.0 4.4 4.0

Energy services (1) (3)

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214.643 215.613 224.375 8.1 4.5 4.1

Electricity (1)

Jump to page with historical data
203.094 203.402 213.802 5.1 5.3 5.1

Utility (piped) gas service (1)

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225.246 229.830 226.704 30.7 0.6 -1.4

Household furnishings and operations

Jump to page with historical data
127.942 127.734 -5.1 -0.2

Apparel

Jump to page with historical data
120.157 114.374 0.6 -4.8

Transportation

Jump to page with historical data
224.790 227.200 0.3 1.1

Private transportation

Jump to page with historical data
227.037 229.100 0.3 0.9

Motor fuel

Jump to page with historical data
311.066 325.661 319.873 0.5 2.8 -1.8

Gasoline (all types)

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309.352 324.377 318.421 0.6 2.9 -1.8

Gasoline, unleaded regular (4)

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304.062 319.170 312.906 0.4 2.9 -2.0

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
314.851 329.650 325.033 1.0 3.2 -1.4

Gasoline, unleaded premium (4)

Jump to page with historical data
309.499 323.034 317.938 0.9 2.7 -1.6

Medical care

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385.506 389.317 2.6 1.0

Recreation (6)

Jump to page with historical data
112.956 113.494 2.8 0.5

Education and communication (6)

Jump to page with historical data
140.716 138.863 -1.7 -1.3

Other goods and services

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373.894 376.818 0.8 0.8

COMMODITY AND SERVICE GROUP

Commodities

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184.331 184.852 0.0 0.3

Commodities less food and beverages

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155.160 155.262 -1.1 0.1

Nondurables less food and beverages

Jump to page with historical data
193.247 193.719 0.4 0.2

Durables

Jump to page with historical data
121.058 120.825 -3.5 -0.2

Services

Jump to page with historical data
252.273 253.496 3.0 0.5

SPECIAL AGGREGATE INDEXES

All items less shelter

Jump to page with historical data
225.723 226.665 1.0 0.4

All items less medical care

Jump to page with historical data
210.406 211.151 1.8 0.4

Commodities less food

Jump to page with historical data
159.749 159.978 -1.0 0.1

Nondurables

Jump to page with historical data
217.695 218.677 1.0 0.5

Nondurables less food

Jump to page with historical data
199.875 200.601 0.4 0.4

Services less rent of shelter (2)

Jump to page with historical data
320.857 322.787 2.3 0.6

Services less medical care services

Jump to page with historical data
238.118 239.177 3.1 0.4

Energy

Jump to page with historical data
265.124 272.690 274.468 3.4 3.5 0.7

All items less energy

Jump to page with historical data
218.185 218.293 1.7 0.0

All items less food and energy

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214.756 214.660 1.7 0.0

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: June 17, 2014