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16-121-SAN
Wednesday, January 20, 2016

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Consumer Price Index, Honolulu – Second Half 2015

Area prices were up 1.8 percent over the past six months, up 1.3 percent from a year ago

Prices in the Honolulu Area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 1.8 percent in the second half of 2015, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that this latest six-month increase was influenced by higher prices for shelter and medical care. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U rose 1.3 percent. (See chart 1 and table A.)Energy prices fell 26.1 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 3.2 percent over the year. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Honolulu, second half 2012 - second half 2015

 

Food

Food prices increased 2.7 percent in the second half of 2015. (See table 1.) Prices for food away from home increased 3.2 percent and prices for food at home rose 2.2 percent for the same period.

Over the year, food prices rose 4.6 percent. Prices for food away from home rose 6.6 percent, and prices for food at home rose 2.3 percent since a year ago.

Energy

The energy index decreased 6.7 percent since the first half of 2015. The decrease was mainly due to lower prices for gasoline (-8.6 percent). Prices for electricity declined 4.8 percent, and prices for natural gas service decreased 0.5 percent in for the same period.

Energy prices fell 26.1 percent over the year, largely due to lower prices for gasoline (-29.7 percent). Prices paid for electricity fell 22.1 percent, and prices for natural gas service fell 18.3 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 2.2 percent in the latest six-month period. Higher prices for medical care (7.7 percent) and recreation (2.4 percent) were partially offset by lower prices for apparel (-1.9 percent).

Over the year, the index for all items less food and energy increased 3.2 percent. Components contributing to the increase included medical care (10.6 percent), other goods and services (3.8 percent), and shelter (3.0 percent). Partly offsetting the increases was a price decline in apparel (-2.0 percent).

Table A. Honolulu CPI-U semi-annual and annual percent changes (not seasonally adjusted)
Month 2010 2011 2012 2013 2014 2015
Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual

First Half

0.8 2.5 2.5 3.5 1.3 2.8 1.2 1.8 0.5 1.1 -0.5 0.7

Second Half

0.9 1.7 1.4 4.0 0.7 2.0 0.6 1.7 1.3 1.8 1.8 1.3

The First Half of 2016 Consumer Price Index for the Honolulu is scheduled to be released on July 15, 2016.


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 Honolulu metropolitan area covered in this release consists of Oahu County in the State of Hawaii.

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 for semiannual averages and percent changes for selected periods

Honolulu, HI (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2015 from-
2nd half
2014
1st half
2015
2nd half
2015
2nd half
2014
1st half
2015

Expenditure category

 
 

All items

259.190 257.848 262.482 1.3 1.8

All items (1967=100)

713.543 709.848 722.606 - -

Food and beverages

259.151 263.610 270.472 4.4 2.6

Food

259.386 264.047 271.238 4.6 2.7

Food at home

263.728 264.135 269.886 2.3 2.2

Food away from home

250.660 258.797 267.147 6.6 3.2

Alcoholic beverages

253.272 254.712 256.632 1.3 0.8

Housing

275.343 274.380 277.714 0.9 1.2

Shelter

292.046 295.504 300.930 3.0 1.8

Rent of primary residence

290.631 293.792 297.479 2.4 1.3

Owners' equiv. rent of residences (1)

301.175 305.094 311.160 3.3 2.0

Owners' equiv. rent of primary residence (1)

301.175 305.094 311.160 3.3 2.0

Fuels and utilities

378.605 334.075 324.495 -14.3 -2.9

Household energy

333.793 273.872 261.209 -21.7 -4.6

Energy services

328.983 269.057 256.515 -22.0 -4.7

Electricity

326.096 266.665 253.870 -22.1 -4.8

Utility (piped) gas service

326.205 267.712 266.469 -18.3 -0.5

Household furnishings and operations

151.312 149.378 148.742 -1.7 -0.4

Apparel

110.021 109.941 107.845 -2.0 -1.9

Transportation

235.132 217.288 216.223 -8.0 -0.5

Private transportation

235.748 215.372 209.809 -11.0 -2.6

Motor fuel

310.944 239.388 218.887 -29.6 -8.6

Gasoline (all types)

319.624 245.627 224.543 -29.7 -8.6

Gasoline, unleaded regular (2)

338.353 258.769 235.751 -30.3 -8.9

Gasoline, unleaded midgrade (2) (3)

253.927 198.119 181.706 -28.4 -8.3

Gasoline, unleaded premium (2)

281.799 218.577 201.210 -28.6 -7.9

Medical care

355.393 364.754 392.998 10.6 7.7

Recreation (4)

119.860 120.419 123.261 2.8 2.4

Education and communication (4)

144.995 146.406 149.332 3.0 2.0

Other goods and services

465.906 473.733 483.535 3.8 2.1
 

Commodity and service group

 
 

All Items

259.190 257.848 262.482 1.3 1.8

Commodities

201.900 197.662 197.922 -2.0 0.1

Commodities less food & beverages

165.302 156.607 153.371 -7.2 -2.1

Nondurables less food & beverages

209.306 192.522 187.258 -10.5 -2.7

Durables

116.938 116.900 115.842 -0.9 -0.9

Services

309.416 310.299 318.437 2.9 2.6
 

Special aggregate indexes

 
 

All items less medical care

254.122 252.166 255.456 0.5 1.3

All items less shelter

245.532 241.690 245.976 0.2 1.8

Commodities less food

168.744 160.348 157.267 -6.8 -1.9

Nondurables

235.752 229.670 230.541 -2.2 0.4

Nondurables less food

212.030 196.349 191.521 -9.7 -2.5

Services less rent of shelter (1)

332.392 329.223 341.162 2.6 3.6

Services less medical care services

304.281 304.147 309.935 1.9 1.9

Energy

320.356 253.948 236.872 -26.1 -6.7

All items less energy

256.956 259.668 265.692 3.4 2.3

All items less food and energy

257.958 260.332 266.178 3.2 2.2

Footnotes
(1) Index is on a December 1982=100 base.
(2) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.
(4) Indexes on a December 1997=100 base.
 

- Data not available.
 

Last Modified Date: Wednesday, January 20, 2016

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News Release Information

16-121-SAN
Wednesday, January 20, 2016

Contacts

Technical information:
Media contact:
  • (415) 625-2270

Consumer Price Index, Honolulu – Second Half 2015

Area prices were up 1.8 percent over the past six months, up 1.3 percent from a year ago

Prices in the Honolulu Area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 1.8 percent in the second half of 2015, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that this latest six-month increase was influenced by higher prices for shelter and medical care. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U rose 1.3 percent. (See chart 1 and table A.)Energy prices fell 26.1 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 3.2 percent over the year. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Honolulu, second half 2012 - second half 2015

 

Food

Food prices increased 2.7 percent in the second half of 2015. (See table 1.) Prices for food away from home increased 3.2 percent and prices for food at home rose 2.2 percent for the same period.

Over the year, food prices rose 4.6 percent. Prices for food away from home rose 6.6 percent, and prices for food at home rose 2.3 percent since a year ago.

Energy

The energy index decreased 6.7 percent since the first half of 2015. The decrease was mainly due to lower prices for gasoline (-8.6 percent). Prices for electricity declined 4.8 percent, and prices for natural gas service decreased 0.5 percent in for the same period.

Energy prices fell 26.1 percent over the year, largely due to lower prices for gasoline (-29.7 percent). Prices paid for electricity fell 22.1 percent, and prices for natural gas service fell 18.3 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 2.2 percent in the latest six-month period. Higher prices for medical care (7.7 percent) and recreation (2.4 percent) were partially offset by lower prices for apparel (-1.9 percent).

Over the year, the index for all items less food and energy increased 3.2 percent. Components contributing to the increase included medical care (10.6 percent), other goods and services (3.8 percent), and shelter (3.0 percent). Partly offsetting the increases was a price decline in apparel (-2.0 percent).

Table A. Honolulu CPI-U semi-annual and annual percent changes (not seasonally adjusted)
Month 2010 2011 2012 2013 2014 2015
Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual Semi-annual Annual

First Half

0.8 2.5 2.5 3.5 1.3 2.8 1.2 1.8 0.5 1.1 -0.5 0.7

Second Half

0.9 1.7 1.4 4.0 0.7 2.0 0.6 1.7 1.3 1.8 1.8 1.3

The First Half of 2016 Consumer Price Index for the Honolulu is scheduled to be released on July 15, 2016.


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 Honolulu metropolitan area covered in this release consists of Oahu County in the State of Hawaii.

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 for semiannual averages and percent changes for selected periods

Honolulu, HI (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2015 from-
2nd half
2014
1st half
2015
2nd half
2015
2nd half
2014
1st half
2015

Expenditure category

 
 

All items

259.190 257.848 262.482 1.3 1.8

All items (1967=100)

713.543 709.848 722.606 - -

Food and beverages

259.151 263.610 270.472 4.4 2.6

Food

259.386 264.047 271.238 4.6 2.7

Food at home

263.728 264.135 269.886 2.3 2.2

Food away from home

250.660 258.797 267.147 6.6 3.2

Alcoholic beverages

253.272 254.712 256.632 1.3 0.8

Housing

275.343 274.380 277.714 0.9 1.2

Shelter

292.046 295.504 300.930 3.0 1.8

Rent of primary residence

290.631 293.792 297.479 2.4 1.3

Owners' equiv. rent of residences (1)

301.175 305.094 311.160 3.3 2.0

Owners' equiv. rent of primary residence (1)

301.175 305.094 311.160 3.3 2.0

Fuels and utilities

378.605 334.075 324.495 -14.3 -2.9

Household energy

333.793 273.872 261.209 -21.7 -4.6

Energy services

328.983 269.057 256.515 -22.0 -4.7

Electricity

326.096 266.665 253.870 -22.1 -4.8

Utility (piped) gas service

326.205 267.712 266.469 -18.3 -0.5

Household furnishings and operations

151.312 149.378 148.742 -1.7 -0.4

Apparel

110.021 109.941 107.845 -2.0 -1.9

Transportation

235.132 217.288 216.223 -8.0 -0.5

Private transportation

235.748 215.372 209.809 -11.0 -2.6

Motor fuel

310.944 239.388 218.887 -29.6 -8.6

Gasoline (all types)

319.624 245.627 224.543 -29.7 -8.6

Gasoline, unleaded regular (2)

338.353 258.769 235.751 -30.3 -8.9

Gasoline, unleaded midgrade (2) (3)

253.927 198.119 181.706 -28.4 -8.3

Gasoline, unleaded premium (2)

281.799 218.577 201.210 -28.6 -7.9

Medical care

355.393 364.754 392.998 10.6 7.7

Recreation (4)

119.860 120.419 123.261 2.8 2.4

Education and communication (4)

144.995 146.406 149.332 3.0 2.0

Other goods and services

465.906 473.733 483.535 3.8 2.1
 

Commodity and service group

 
 

All Items

259.190 257.848 262.482 1.3 1.8

Commodities

201.900 197.662 197.922 -2.0 0.1

Commodities less food & beverages

165.302 156.607 153.371 -7.2 -2.1

Nondurables less food & beverages

209.306 192.522 187.258 -10.5 -2.7

Durables

116.938 116.900 115.842 -0.9 -0.9

Services

309.416 310.299 318.437 2.9 2.6
 

Special aggregate indexes

 
 

All items less medical care

254.122 252.166 255.456 0.5 1.3

All items less shelter

245.532 241.690 245.976 0.2 1.8

Commodities less food

168.744 160.348 157.267 -6.8 -1.9

Nondurables

235.752 229.670 230.541 -2.2 0.4

Nondurables less food

212.030 196.349 191.521 -9.7 -2.5

Services less rent of shelter (1)

332.392 329.223 341.162 2.6 3.6

Services less medical care services

304.281 304.147 309.935 1.9 1.9

Energy

320.356 253.948 236.872 -26.1 -6.7

All items less energy

256.956 259.668 265.692 3.4 2.3

All items less food and energy

257.958 260.332 266.178 3.2 2.2

Footnotes
(1) Index is on a December 1982=100 base.
(2) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.
(4) Indexes on a December 1997=100 base.
 

- Data not available.
 

Last Modified Date: Wednesday, January 20, 2016