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Tuesday, August 19, 2014

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Consumer Price Index (CPI) for St. Louis

Prices increased 1.4 percent from the first half of 2013 to the first half of 2014


The Consumer Price Index for All Urban Consumers (CPI-U) for the St. Louis, Mo.-Ill., metropolitan area rose 1.4 percent from the first half of 2013 to the first half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchman noted that the increase was led by higher prices for shelter and food. Costs for energy declined 0.4 percent, food prices advanced 4.1 percent, and the all items less food and energy index increased 1.2 percent.

Chart 1. Over-the-year percent change in consumer price indexes, St. Louis, first half 2011-first half 2014

Food

Food prices rose 4.1 percent from the first half of 2013 to the first half of 2014. Costs for food at home were up 4.0 percent and prices for food away from home were 4.1 percent higher over the year. During the same period one year ago, these indexes rose 1.4 and 3.4 percent, respectively.

Energy

The energy index, which includes motor fuel and household fuels, was down 0.4 percent from the first half of 2013 to the first half of 2014. Motor fuel prices declined 2.0 percent with all of the decrease occurring in the first part of the period. Lower costs for electricity, down 1.2 percent, also contributed to the over-the-year decrease in the energy component. In contrast, prices for utility (piped) gas service advanced 2.8 percent over the year.

All items less food and energy

The index for all items less food and energy rose 1.2 percent from the first half of 2013 to the first half of 2014. Among the expenditure categories posting higher costs over the year were shelter (2.3 percent) and medical care (3.9 percent). In contrast, the index for apparel (-4.2 percent) was among the components registering lower prices from the first half of 2013 to the first half of 2014.

The St. Louis CPI-U stood at 220.440 for the first half of 2014. This means that a market basket of goods and services that cost $100.00 in 1982-84 cost $220.44 in the first half of 2014. Because metropolitan area CPI data are not adjusted for seasonal price variation, consumers and businesses should be cautious in drawing conclusions about long-term retail price trends from short-term changes in the metropolitan area indexes.

CPI-W

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the St. Louis, Mo.-Ill., metropolitan area for the first half of 2014 was 220.003. The CPI-W increased 1.0 percent from the first half of 2013 to the first half of 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 approximately 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 areas; they only measure the average change in prices for each area since the base period.

The St. Louis, Mo.-Ill., area covered in this release includes Clinton, Jersey, Madison, Monroe, and St. Clair Counties in Illinois; and Crawford (part), Franklin, Jefferson, Lincoln, St. Charles, St. Louis, and Warren Counties and St. Louis City in Missouri.

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Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods

St. Louis, MO-IL (1982-84=100 unless otherwise noted)
Item and Group

Semiannual average indexes
Percent change to
1st half 2014 from-
1st half
2013
2nd half
2013
1st half
2014
1st half
2013
2nd half
2013

Expenditure category

All Items

217.431 218.499 220.440 1.4 0.9

All items (1967=100)

645.805 648.977 654.744

Food and beverages

234.273 237.242 243.849 4.1 2.8

Food

233.097 235.785 242.699 4.1 2.9

Food at home

221.413 225.575 230.201 4.0 2.1

Food away from home

251.103 252.933 261.371 4.1 3.3

Alcoholic beverages

223.910 230.717 232.535 3.9 0.8

Housing

202.408 204.757 205.896 1.7 0.6

Shelter

231.349 233.797 236.697 2.3 1.2

Rent of primary residence (1)

208.875 212.149 214.555 2.7 1.1

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

241.232 242.977 244.529 1.4 0.6

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

241.232 242.977 244.529 1.4 0.6

Fuels and utilities

205.817 212.496 207.060 0.6 -2.6

Household energy

181.507 198.108 184.906 1.9 -6.7

Energy services (1)

186.024 203.365 186.231 0.1 -8.4

Electricity (1)

188.766 216.058 186.446 -1.2 -13.7

Utility (piped) gas service (1)

154.152 152.782 158.443 2.8 3.7

Household furnishings and operations

124.428 123.852 124.060 -0.3 0.2

Apparel

161.184 150.927 154.377 -4.2 2.3

Transportation

206.541 203.499 205.429 -0.5 0.9

Private transportation

206.751 203.352 204.930 -0.9 0.8

Motor fuel

331.913 311.710 325.137 -2.0 4.3

Gasoline (all types)

326.948 306.755 319.708 -2.2 4.2

Gasoline, unleaded regular (3)

318.545 298.815 311.496 -2.2 4.2

Gasoline, unleaded midgrade (3) (4)

375.087 351.855 366.468 -2.3 4.2

Gasoline, unleaded premium (3)

314.080 295.659 307.870 -2.0 4.1

Medical Care

378.404 387.348 393.188 3.9 1.5

Recreation (5)

117.611 117.155 117.052 -0.5 -0.1

Education and communication (5)

138.477 142.539 139.373 0.6 -2.2

Other goods and services

309.246 308.908 310.630 0.4 0.6

Commodity and Service Group

All Items

217.431 218.499 220.440 1.4 0.9

Commodities

191.757 190.130 193.181 0.7 1.6

Commodities less food & beverages

168.826 165.234 166.671 -1.3 0.9

Nondurables less food & beverages

232.725 225.053 230.786 -0.8 2.5

Durables

110.120 110.219 108.635 -1.3 -1.4

Services

245.285 248.754 249.655 1.8 0.4

Special aggregate indexes:

All items less medical care

209.304 210.050 211.865 1.2 0.9

All items less shelter

214.715 215.361 216.817 1.0 0.7

Commodities less food

171.771 168.429 169.872 -1.1 0.9

Nondurables

234.279 231.689 237.726 1.5 2.6

Nondurables less food

233.865 226.938 232.375 -0.6 2.4

Services less rent of shelter (2)

266.485 271.393 269.835 1.3 -0.6

Services less medical care services

232.915 235.906 236.538 1.6 0.3

Energy

246.873 247.814 245.934 -0.4 -0.8

All items less energy

217.165 218.712 220.869 1.7 1.0

All items less food and energy

214.721 216.068 217.354 1.2 0.6

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 November 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.

Table 2. Consumer Price Index for Wage Earners and Clerical Workers (CPI-W): Indexes for semiannual averages and percent changes for selected periods

St. Louis, MO-IL (1982-84=100 unless otherwise noted)
Item and Group

Semiannual average indexes
Percent change to
1st half 2014 from-
1st half
2013
2nd half
2013
1st half
2014
1st half
2013
2nd half
2013

Expenditure category

All Items

217.826 218.549 220.003 1.0 0.7

All items (1967=100)

640.855 642.983 647.262

Food and beverages

234.760 237.810 244.628 4.2 2.9

Food

234.355 237.224 244.206 4.2 2.9

Food at home

222.516 226.991 231.907 4.2 2.2

Food away from home

251.782 253.192 261.850 4.0 3.4

Alcoholic beverages

214.879 220.227 223.788 4.1 1.6

Housing

205.559 208.167 208.531 1.4 0.2

Shelter

232.232 234.543 237.305 2.2 1.2

Rent of primary residence (1)

208.875 212.149 214.555 2.7 1.1

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

221.002 222.601 224.024 1.4 0.6

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

221.002 222.601 224.024 1.4 0.6

Fuels and utilities

210.268 217.586 210.633 0.2 -3.2

Household energy

184.470 202.136 186.650 1.2 -7.7

Energy services (1)

189.618 208.165 189.533 0.0 -9.0

Electricity (1)

188.765 216.057 186.445 -1.2 -13.7

Utility (piped) gas service (1)

154.153 152.783 158.444 2.8 3.7

Household furnishings and operations

117.681 117.316 116.720 -0.8 -0.5

Apparel

161.334 149.447 152.146 -5.7 1.8

Transportation

212.362 208.670 209.914 -1.2 0.6

Private transportation

211.577 207.698 208.694 -1.4 0.5

Motor fuel

331.895 311.725 325.120 -2.0 4.3

Gasoline (all types)

326.949 306.755 319.709 -2.2 4.2

Gasoline, unleaded regular (3)

318.530 298.801 311.481 -2.2 4.2

Gasoline, unleaded midgrade (3) (4)

375.087 351.855 366.468 -2.3 4.2

Gasoline, unleaded premium (3)

314.095 295.674 307.885 -2.0 4.1

Medical Care

379.799 389.590 395.545 4.1 1.5

Recreation (5)

120.181 119.824 119.941 -0.2 0.1

Education and communication (5)

132.089 135.634 132.432 0.3 -2.4

Other goods and services

320.501 320.208 323.076 0.8 0.9

Commodity and Service Group

All Items

217.826 218.549 220.003 1.0 0.7

Commodities

197.475 195.182 197.656 0.1 1.3

Commodities less food & beverages

177.001 172.710 173.455 -2.0 0.4

Nondurables less food & beverages

237.180 228.532 233.828 -1.4 2.3

Durables

119.267 118.983 116.813 -2.1 -1.8

Services

243.913 247.505 247.790 1.6 0.1

Special aggregate indexes:

All items less medical care

210.975 211.429 212.775 0.9 0.6

All items less shelter

214.716 214.922 215.809 0.5 0.4

Commodities less food

179.199 175.114 175.908 -1.8 0.5

Nondurables

236.451 233.028 238.565 0.9 2.4

Nondurables less food

237.020 229.035 234.098 -1.2 2.2

Services less rent of shelter (2)

245.548 250.392 248.072 1.0 -0.9

Services less medical care services

231.891 235.038 235.090 1.4 0.0

Energy

250.288 250.226 248.343 -0.8 -0.8

All items less energy

215.974 217.344 219.145 1.5 0.8

All items less food and energy

212.153 213.262 214.009 0.9 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 November 1984=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.

Last Modified Date: August 19, 2014

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