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15-59-SAN January 16, 2015

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Consumer Price Index, Los Angeles area – December 2014

Area prices were down 0.5 percent over the past month, up 0.7 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), decreased 0.5 percent in December, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that the December decrease was influenced by lower prices for gasoline and apparel. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U advanced 0.7 percent. (See chart 1.) Energy prices fell 12.9 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy rose 1.5 percent since December 2013.

 Chart 1. Over-the-year percent change in CPI-U, Los Angeles, December 2011-December 2014

Food

Food prices inched up 0.2 percent for the month of December. (See table 1.) Prices for food at home advanced 0.3 percent, while prices for food away from home were unchanged for the same period.

Over the year, food prices increased 3.8 percent. Prices for food at home increased 4.1 percent since a year ago, and prices for food away from home advanced 3.3 percent.

Energy

The energy index decreased 6.2 percent over the month. The decrease was mainly due to lower prices for gasoline (-11.4 percent). Prices for electricity were unchanged, while prices for natural gas service advanced 6.0 percent in December.

Energy prices fell 12.9 percent over the year, largely due to lower prices for gasoline (-22.5 percent). Prices paid for electricity advanced 1.0 percent, and prices for natural gas service jumped 12.1 percent during the past year.

All items less food and energy

The index for all items less food and energy inched down 0.1 percent in December. Lower prices for apparel (-3.0 percent) and household furnishings and operations (-1.2 percent) were partially offset by higher prices for medical care (0.8 percent) and shelter (0.2 percent).

Over the year, the index for all items less food and energy rose 1.5 percent. Components contributing to the increase included shelter (3.0 percent) and medical care (2.5 percent). Partly offsetting the increases were price declines in household furnishings and operations (-3.2 percent) and recreation (-1.7 percent).

Table A. Los Angeles-Riverside-Orange County CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2009 2010 2011 2012 2013 2014
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.5 -0.1 0.4 1.8 0.9 1.8 0.8 2.1 0.8 2.0 0.5 0.8

February

0.3 0.0 0.0 1.4 0.5 2.3 0.5 2.1 0.7 2.2 0.5 0.5

March

0.0 -1.0 0.4 1.9 1.1 3.0 1.0 2.0 0.1 1.3 0.6 1.0

April

0.1 -1.3 0.2 1.9 0.5 3.3 0.0 1.5 -0.4 0.9 0.0 1.4

May

0.4 -1.8 0.2 1.8 0.0 3.1 0.1 1.6 0.1 1.0 0.4 1.7

June

0.6 -2.2 -0.2 0.9 -0.4 2.9 -0.4 1.6 -0.1 1.4 0.1 1.8

July

0.0 -2.6 0.1 0.9 -0.4 2.4 -0.1 1.9 -0.1 1.3 0.1 2.0

August

0.2 -1.7 0.2 0.8 0.2 2.4 0.6 2.3 0.1 0.8 -0.1 1.8

September

0.3 -1.0 -0.1 0.4 0.5 3.1 0.4 2.2 0.2 0.6 0.0 1.7

October

0.0 -0.4 0.3 0.7 0.0 2.8 0.8 3.0 0.1 -0.1 -0.1 1.4

November

-0.4 0.9 -0.4 0.7 -0.1 3.0 -1.0 2.1 -0.5 0.4 -0.7 1.3

December

-0.3 1.8 0.3 1.3 -0.5 2.2 -0.7 1.9 0.0 1.1 -0.5 0.7

CPI-W

In December, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 232.330, down 0.7 percent from November. The CPI-W increased 0.3 percent over the year.

The January 2015 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released on February 26, 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 Los Angeles-Riverside-Orange County, CA. metropolitan area covered in this release is comprised of Los Angeles, Orange, Riverside, San Bernardino, and Ventura Counties in the State of California.

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

Los Angeles-Riverside-Orange County, CA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Oct.
2014
Nov.
2014
Dec.
2014
Dec.
2013
Oct.
2014
Nov.
2014

Expenditure category

 
 

All items

243.341 241.753 240.475 0.7 -1.2 -0.5

All items (1967=100)

718.938 714.245 710.470 - - -

Food and beverages

247.050 247.926 248.373 3.7 0.5 0.2

Food

247.370 248.145 248.592 3.8 0.5 0.2

Food at home

258.233 258.307 259.048 4.1 0.3 0.3

Food away from home

230.089 231.745 231.812 3.3 0.7 0.0

Alcoholic beverages

228.320 230.363 230.784 2.8 1.1 0.2

Housing

262.764 262.727 263.089 2.5 0.1 0.1

Shelter

295.041 295.807 296.369 3.0 0.5 0.2

Rent of primary residence (1)

308.258 309.611 310.326 3.5 0.7 0.2

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

307.264 308.348 308.752 2.7 0.5 0.1

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

307.260 308.346 308.746 2.7 0.5 0.1

Fuels and utilities

304.815 300.072 303.089 4.7 -0.6 1.0

Household energy

277.081 269.234 273.371 3.7 -1.3 1.5

Energy services (1)

275.668 267.786 272.074 3.8 -1.3 1.6

Electricity (1)

314.871 314.900 314.900 1.0 0.0 0.0

Utility (piped) gas service (1)

231.113 208.097 220.590 12.1 -4.6 6.0

Household furnishings and operations

117.421 116.528 115.178 -3.2 -1.9 -1.2

Apparel

114.802 110.284 106.951 0.1 -6.8 -3.0

Transportation

205.057 197.339 189.984 -7.8 -7.4 -3.7

Private transportation

199.106 191.453 184.663 -8.0 -7.3 -3.5

Motor fuel

273.641 247.502 219.410 -22.4 -19.8 -11.4

Gasoline (all types)

267.645 241.999 214.466 -22.5 -19.9 -11.4

Gasoline, unleaded regular (3)

268.856 242.853 214.765 -22.7 -20.1 -11.6

Gasoline, unleaded midgrade (3) (4)

254.537 231.105 206.660 -21.0 -18.8 -10.6

Gasoline, unleaded premium (3)

252.391 229.091 204.481 -21.8 -19.0 -10.7

Medical care

415.879 421.072 424.437 2.5 2.1 0.8

Recreation (5)

104.948 103.032 102.267 -1.7 -2.6 -0.7

Education and communication (5)

145.833 145.998 146.118 1.1 0.2 0.1

Other goods and services

379.760 381.349 382.251 2.0 0.7 0.2
 

Commodity and service group

 
 

All items

243.341 241.753 240.475 0.7 -1.2 -0.5

Commodities

179.051 175.997 173.170 -2.1 -3.3 -1.6

Commodities less food & beverages

142.457 137.852 133.745 -6.2 -6.1 -3.0

Nondurables less food & beverages

187.823 180.289 172.279 -7.7 -8.3 -4.4

Durables

98.197 96.392 95.992 -3.7 -2.2 -0.4

Services

299.864 299.757 300.033 2.4 0.1 0.1
 

Special aggregate indexes

 
 

All items less medical care

235.586 233.785 232.363 0.6 -1.4 -0.6

All items less shelter

220.815 218.208 216.134 -0.6 -2.1 -1.0

Commodities less food

146.365 141.936 137.941 -5.8 -5.8 -2.8

Nondurables

218.894 215.235 211.115 -1.6 -3.6 -1.9

Nondurables less food

192.310 185.311 177.759 -6.9 -7.6 -4.1

Services less rent of shelter (2)

315.395 313.990 313.853 1.7 -0.5 0.0

Services less medical care services

289.266 288.963 289.222 2.4 0.0 0.1

Energy

276.063 256.803 240.905 -12.9 -12.7 -6.2

All items less energy

242.845 242.528 242.302 1.9 -0.2 -0.1

All items less food and energy

242.360 241.842 241.491 1.5 -0.4 -0.1

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 December 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.
 

- Data not available
NOTE: Index applies to a month as a whole, not to any specific date.
 

Last Modified Date: Friday, January 16, 2015

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News Release Information

15-59-SAN January 16, 2015

Contacts

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

Consumer Price Index, Los Angeles area – December 2014

Area prices were down 0.5 percent over the past month, up 0.7 percent from a year ago

Prices in the Los Angeles area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), decreased 0.5 percent in December, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that the December decrease was influenced by lower prices for gasoline and apparel. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U advanced 0.7 percent. (See chart 1.) Energy prices fell 12.9 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy rose 1.5 percent since December 2013.

 Chart 1. Over-the-year percent change in CPI-U, Los Angeles, December 2011-December 2014

Food

Food prices inched up 0.2 percent for the month of December. (See table 1.) Prices for food at home advanced 0.3 percent, while prices for food away from home were unchanged for the same period.

Over the year, food prices increased 3.8 percent. Prices for food at home increased 4.1 percent since a year ago, and prices for food away from home advanced 3.3 percent.

Energy

The energy index decreased 6.2 percent over the month. The decrease was mainly due to lower prices for gasoline (-11.4 percent). Prices for electricity were unchanged, while prices for natural gas service advanced 6.0 percent in December.

Energy prices fell 12.9 percent over the year, largely due to lower prices for gasoline (-22.5 percent). Prices paid for electricity advanced 1.0 percent, and prices for natural gas service jumped 12.1 percent during the past year.

All items less food and energy

The index for all items less food and energy inched down 0.1 percent in December. Lower prices for apparel (-3.0 percent) and household furnishings and operations (-1.2 percent) were partially offset by higher prices for medical care (0.8 percent) and shelter (0.2 percent).

Over the year, the index for all items less food and energy rose 1.5 percent. Components contributing to the increase included shelter (3.0 percent) and medical care (2.5 percent). Partly offsetting the increases were price declines in household furnishings and operations (-3.2 percent) and recreation (-1.7 percent).

Table A. Los Angeles-Riverside-Orange County CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2009 2010 2011 2012 2013 2014
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.5 -0.1 0.4 1.8 0.9 1.8 0.8 2.1 0.8 2.0 0.5 0.8

February

0.3 0.0 0.0 1.4 0.5 2.3 0.5 2.1 0.7 2.2 0.5 0.5

March

0.0 -1.0 0.4 1.9 1.1 3.0 1.0 2.0 0.1 1.3 0.6 1.0

April

0.1 -1.3 0.2 1.9 0.5 3.3 0.0 1.5 -0.4 0.9 0.0 1.4

May

0.4 -1.8 0.2 1.8 0.0 3.1 0.1 1.6 0.1 1.0 0.4 1.7

June

0.6 -2.2 -0.2 0.9 -0.4 2.9 -0.4 1.6 -0.1 1.4 0.1 1.8

July

0.0 -2.6 0.1 0.9 -0.4 2.4 -0.1 1.9 -0.1 1.3 0.1 2.0

August

0.2 -1.7 0.2 0.8 0.2 2.4 0.6 2.3 0.1 0.8 -0.1 1.8

September

0.3 -1.0 -0.1 0.4 0.5 3.1 0.4 2.2 0.2 0.6 0.0 1.7

October

0.0 -0.4 0.3 0.7 0.0 2.8 0.8 3.0 0.1 -0.1 -0.1 1.4

November

-0.4 0.9 -0.4 0.7 -0.1 3.0 -1.0 2.1 -0.5 0.4 -0.7 1.3

December

-0.3 1.8 0.3 1.3 -0.5 2.2 -0.7 1.9 0.0 1.1 -0.5 0.7

CPI-W

In December, the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 232.330, down 0.7 percent from November. The CPI-W increased 0.3 percent over the year.

The January 2015 Consumer Price Index for the Los Angeles-Riverside-Orange County is scheduled to be released on February 26, 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 Los Angeles-Riverside-Orange County, CA. metropolitan area covered in this release is comprised of Los Angeles, Orange, Riverside, San Bernardino, and Ventura Counties in the State of California.

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

Los Angeles-Riverside-Orange County, CA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Oct.
2014
Nov.
2014
Dec.
2014
Dec.
2013
Oct.
2014
Nov.
2014

Expenditure category

 
 

All items

243.341 241.753 240.475 0.7 -1.2 -0.5

All items (1967=100)

718.938 714.245 710.470 - - -

Food and beverages

247.050 247.926 248.373 3.7 0.5 0.2

Food

247.370 248.145 248.592 3.8 0.5 0.2

Food at home

258.233 258.307 259.048 4.1 0.3 0.3

Food away from home

230.089 231.745 231.812 3.3 0.7 0.0

Alcoholic beverages

228.320 230.363 230.784 2.8 1.1 0.2

Housing

262.764 262.727 263.089 2.5 0.1 0.1

Shelter

295.041 295.807 296.369 3.0 0.5 0.2

Rent of primary residence (1)

308.258 309.611 310.326 3.5 0.7 0.2

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

307.264 308.348 308.752 2.7 0.5 0.1

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

307.260 308.346 308.746 2.7 0.5 0.1

Fuels and utilities

304.815 300.072 303.089 4.7 -0.6 1.0

Household energy

277.081 269.234 273.371 3.7 -1.3 1.5

Energy services (1)

275.668 267.786 272.074 3.8 -1.3 1.6

Electricity (1)

314.871 314.900 314.900 1.0 0.0 0.0

Utility (piped) gas service (1)

231.113 208.097 220.590 12.1 -4.6 6.0

Household furnishings and operations

117.421 116.528 115.178 -3.2 -1.9 -1.2

Apparel

114.802 110.284 106.951 0.1 -6.8 -3.0

Transportation

205.057 197.339 189.984 -7.8 -7.4 -3.7

Private transportation

199.106 191.453 184.663 -8.0 -7.3 -3.5

Motor fuel

273.641 247.502 219.410 -22.4 -19.8 -11.4

Gasoline (all types)

267.645 241.999 214.466 -22.5 -19.9 -11.4

Gasoline, unleaded regular (3)

268.856 242.853 214.765 -22.7 -20.1 -11.6

Gasoline, unleaded midgrade (3) (4)

254.537 231.105 206.660 -21.0 -18.8 -10.6

Gasoline, unleaded premium (3)

252.391 229.091 204.481 -21.8 -19.0 -10.7

Medical care

415.879 421.072 424.437 2.5 2.1 0.8

Recreation (5)

104.948 103.032 102.267 -1.7 -2.6 -0.7

Education and communication (5)

145.833 145.998 146.118 1.1 0.2 0.1

Other goods and services

379.760 381.349 382.251 2.0 0.7 0.2
 

Commodity and service group

 
 

All items

243.341 241.753 240.475 0.7 -1.2 -0.5

Commodities

179.051 175.997 173.170 -2.1 -3.3 -1.6

Commodities less food & beverages

142.457 137.852 133.745 -6.2 -6.1 -3.0

Nondurables less food & beverages

187.823 180.289 172.279 -7.7 -8.3 -4.4

Durables

98.197 96.392 95.992 -3.7 -2.2 -0.4

Services

299.864 299.757 300.033 2.4 0.1 0.1
 

Special aggregate indexes

 
 

All items less medical care

235.586 233.785 232.363 0.6 -1.4 -0.6

All items less shelter

220.815 218.208 216.134 -0.6 -2.1 -1.0

Commodities less food

146.365 141.936 137.941 -5.8 -5.8 -2.8

Nondurables

218.894 215.235 211.115 -1.6 -3.6 -1.9

Nondurables less food

192.310 185.311 177.759 -6.9 -7.6 -4.1

Services less rent of shelter (2)

315.395 313.990 313.853 1.7 -0.5 0.0

Services less medical care services

289.266 288.963 289.222 2.4 0.0 0.1

Energy

276.063 256.803 240.905 -12.9 -12.7 -6.2

All items less energy

242.845 242.528 242.302 1.9 -0.2 -0.1

All items less food and energy

242.360 241.842 241.491 1.5 -0.4 -0.1

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 December 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.
 

- Data not available
NOTE: Index applies to a month as a whole, not to any specific date.
 

Last Modified Date: Friday, January 16, 2015