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16-123-SAN
Wednesday, January 20, 2016

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Technical information:
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  • (415) 625-2270

Consumer Price Index, Portland – Second Half 2015

Area prices were up 1.0 percent over the past six months, up 1.1 percent from a year ago

Prices in the Portland Area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 1.0 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 1.1 percent.  (See chart 1 and table A.) Energy prices fell 14.0 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 2.6 percent over the year. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Portland, first half 2012 – first half 2015

Food

Food prices were unchanged in the second half of 2015. (See table 1.) Prices for food at home fell 0.4 percent, yet prices for food away from home increased 0.5 percent.

Over the year, food prices rose 0.7 percent. Prices for food away from home increased 2.1 percent, while prices for food at home were unchanged from a year ago.

Energy

The energy index declined 1.5 percent since the first half of 2015. The decrease was mainly due to lower prices for gasoline (-2.2 percent). Prices for natural gas service fell 2.5 percent, while prices for electricity inched up 0.1 percent.

Energy prices fell 14.0 percent over the year, largely due to lower prices for gasoline (-24.2 percent). Prices paid for natural gas service decreased 1.7 percent, but prices for electricity increased 0.9 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 1.4 percent in the latest six-month period. Higher prices for shelter (3.6 percent) and medical care (2.1 percent) were partially offset by lower prices for education and communication (-1.6 percent) and recreation (-1.4 percent).

Over the year, the index for all items less food and energy increased 2.6 percent. Components contributing to the increase included shelter (6.0 percent) and medical care (5.2 percent). Partly offsetting the increases were price declines in education and communication (-3.0 percent), household furnishings and operations (-1.5 percent), and recreation (-1.0 percent).

Table A. Portland 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

0.1 1.6 1.8 2.6 1.2 2.5 1.3 2.2 1.0 2.6 0.1 1.3

Second Half

0.8 0.9 1.3 3.1 0.9 2.1 1.5 2.8 1.2 2.3 1.0 1.1

The First Half of 2016 Consumer Price Index for the Portland-Salem, OR 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 Portland-Salem, OR, WA metropolitan area covered in this release consists of Clackamas, Columbia, Marion, Multnomah, Polk, Washington, and Yamhill Counties in the State of Oregon and Clark County in the State of Washington.

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

Portland-Salem, OR-WA (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

242.679 242.976 245.405 1.1 1.0

All items (1967=100)

710.462 711.334 718.442 - -

Food and beverages

231.522 232.798 232.739 0.5 0.0

Food

233.825 235.511 235.428 0.7 0.0

Food at home

219.350 220.348 219.360 0.0 -0.4

Food away from home

256.078 259.985 261.379 2.1 0.5

Alcoholic beverages

209.062 205.775 205.985 -1.5 0.1

Housing

236.783 241.505 248.253 4.8 2.8

Shelter

276.248 282.733 292.802 6.0 3.6

Rent of primary residence

275.558 282.054 292.109 6.0 3.6

Owners' equiv. rent of residences (1)

287.642 294.635 305.104 6.1 3.6

Owners' equiv. rent of primary residence (1)

287.642 294.635 305.104 6.1 3.6

Fuels and utilities

259.356 261.482 262.123 1.1 0.2

Household energy

208.499 209.669 208.248 -0.1 -0.7

Energy services

255.710 257.691 256.444 0.3 -0.5

Electricity

298.193 300.443 300.854 0.9 0.1

Utility (piped) gas service

167.798 169.206 165.000 -1.7 -2.5

Household furnishings and operations

105.624 105.230 103.998 -1.5 -1.2

Apparel

125.834 127.149 126.788 0.8 -0.3

Transportation

237.213 220.578 217.482 -8.3 -1.4

Private transportation

241.753 223.573 220.921 -8.6 -1.2

Motor fuel

305.276 236.809 231.202 -24.3 -2.4

Gasoline (all types)

307.919 238.707 233.415 -24.2 -2.2

Gasoline, unleaded regular (2)

306.226 236.265 230.443 -24.7 -2.5

Gasoline, unleaded midgrade (2) (3)

259.803 203.349 199.685 -23.1 -1.8

Gasoline, unleaded premium (2)

282.174 222.462 219.688 -22.1 -1.2

Medical care

513.925 529.893 540.855 5.2 2.1

Recreation (4)

109.679 110.166 108.598 -1.0 -1.4

Education and communication (4)

116.664 114.984 113.115 -3.0 -1.6

Other goods and services

472.044 470.858 469.041 -0.6 -0.4
 

Commodity and service group

 
 

All Items

242.679 242.976 245.405 1.1 1.0

Commodities

182.562 178.573 177.714 -2.7 -0.5

Commodities less food & beverages

158.647 152.218 150.988 -4.8 -0.8

Nondurables less food & beverages

199.795 189.034 188.622 -5.6 -0.2

Durables

115.187 113.046 111.079 -3.6 -1.7

Services

303.328 307.892 313.596 3.4 1.9
 

Special aggregate indexes

 
 

All items less medical care

230.520 230.190 232.264 0.8 0.9

All items less shelter

230.794 228.285 227.369 -1.5 -0.4

Commodities less food

160.378 154.070 152.895 -4.7 -0.8

Nondurables

214.540 209.650 209.410 -2.4 -0.1

Nondurables less food

199.385 189.217 188.852 -5.3 -0.2

Services less rent of shelter (1)

344.944 346.259 345.369 0.1 -0.3

Services less medical care services

287.979 292.427 297.989 3.5 1.9

Energy

254.520 222.367 218.945 -14.0 -1.5

All items less energy

245.176 247.944 250.870 2.3 1.2

All items less food and energy

249.113 252.108 255.632 2.6 1.4

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

16-123-SAN
Wednesday, January 20, 2016

Contacts

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

Consumer Price Index, Portland – Second Half 2015

Area prices were up 1.0 percent over the past six months, up 1.1 percent from a year ago

Prices in the Portland Area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 1.0 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 1.1 percent.  (See chart 1 and table A.) Energy prices fell 14.0 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 2.6 percent over the year. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Portland, first half 2012 – first half 2015

Food

Food prices were unchanged in the second half of 2015. (See table 1.) Prices for food at home fell 0.4 percent, yet prices for food away from home increased 0.5 percent.

Over the year, food prices rose 0.7 percent. Prices for food away from home increased 2.1 percent, while prices for food at home were unchanged from a year ago.

Energy

The energy index declined 1.5 percent since the first half of 2015. The decrease was mainly due to lower prices for gasoline (-2.2 percent). Prices for natural gas service fell 2.5 percent, while prices for electricity inched up 0.1 percent.

Energy prices fell 14.0 percent over the year, largely due to lower prices for gasoline (-24.2 percent). Prices paid for natural gas service decreased 1.7 percent, but prices for electricity increased 0.9 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 1.4 percent in the latest six-month period. Higher prices for shelter (3.6 percent) and medical care (2.1 percent) were partially offset by lower prices for education and communication (-1.6 percent) and recreation (-1.4 percent).

Over the year, the index for all items less food and energy increased 2.6 percent. Components contributing to the increase included shelter (6.0 percent) and medical care (5.2 percent). Partly offsetting the increases were price declines in education and communication (-3.0 percent), household furnishings and operations (-1.5 percent), and recreation (-1.0 percent).

Table A. Portland 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

0.1 1.6 1.8 2.6 1.2 2.5 1.3 2.2 1.0 2.6 0.1 1.3

Second Half

0.8 0.9 1.3 3.1 0.9 2.1 1.5 2.8 1.2 2.3 1.0 1.1

The First Half of 2016 Consumer Price Index for the Portland-Salem, OR 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 Portland-Salem, OR, WA metropolitan area covered in this release consists of Clackamas, Columbia, Marion, Multnomah, Polk, Washington, and Yamhill Counties in the State of Oregon and Clark County in the State of Washington.

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

Portland-Salem, OR-WA (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

242.679 242.976 245.405 1.1 1.0

All items (1967=100)

710.462 711.334 718.442 - -

Food and beverages

231.522 232.798 232.739 0.5 0.0

Food

233.825 235.511 235.428 0.7 0.0

Food at home

219.350 220.348 219.360 0.0 -0.4

Food away from home

256.078 259.985 261.379 2.1 0.5

Alcoholic beverages

209.062 205.775 205.985 -1.5 0.1

Housing

236.783 241.505 248.253 4.8 2.8

Shelter

276.248 282.733 292.802 6.0 3.6

Rent of primary residence

275.558 282.054 292.109 6.0 3.6

Owners' equiv. rent of residences (1)

287.642 294.635 305.104 6.1 3.6

Owners' equiv. rent of primary residence (1)

287.642 294.635 305.104 6.1 3.6

Fuels and utilities

259.356 261.482 262.123 1.1 0.2

Household energy

208.499 209.669 208.248 -0.1 -0.7

Energy services

255.710 257.691 256.444 0.3 -0.5

Electricity

298.193 300.443 300.854 0.9 0.1

Utility (piped) gas service

167.798 169.206 165.000 -1.7 -2.5

Household furnishings and operations

105.624 105.230 103.998 -1.5 -1.2

Apparel

125.834 127.149 126.788 0.8 -0.3

Transportation

237.213 220.578 217.482 -8.3 -1.4

Private transportation

241.753 223.573 220.921 -8.6 -1.2

Motor fuel

305.276 236.809 231.202 -24.3 -2.4

Gasoline (all types)

307.919 238.707 233.415 -24.2 -2.2

Gasoline, unleaded regular (2)

306.226 236.265 230.443 -24.7 -2.5

Gasoline, unleaded midgrade (2) (3)

259.803 203.349 199.685 -23.1 -1.8

Gasoline, unleaded premium (2)

282.174 222.462 219.688 -22.1 -1.2

Medical care

513.925 529.893 540.855 5.2 2.1

Recreation (4)

109.679 110.166 108.598 -1.0 -1.4

Education and communication (4)

116.664 114.984 113.115 -3.0 -1.6

Other goods and services

472.044 470.858 469.041 -0.6 -0.4
 

Commodity and service group

 
 

All Items

242.679 242.976 245.405 1.1 1.0

Commodities

182.562 178.573 177.714 -2.7 -0.5

Commodities less food & beverages

158.647 152.218 150.988 -4.8 -0.8

Nondurables less food & beverages

199.795 189.034 188.622 -5.6 -0.2

Durables

115.187 113.046 111.079 -3.6 -1.7

Services

303.328 307.892 313.596 3.4 1.9
 

Special aggregate indexes

 
 

All items less medical care

230.520 230.190 232.264 0.8 0.9

All items less shelter

230.794 228.285 227.369 -1.5 -0.4

Commodities less food

160.378 154.070 152.895 -4.7 -0.8

Nondurables

214.540 209.650 209.410 -2.4 -0.1

Nondurables less food

199.385 189.217 188.852 -5.3 -0.2

Services less rent of shelter (1)

344.944 346.259 345.369 0.1 -0.3

Services less medical care services

287.979 292.427 297.989 3.5 1.9

Energy

254.520 222.367 218.945 -14.0 -1.5

All items less energy

245.176 247.944 250.870 2.3 1.2

All items less food and energy

249.113 252.108 255.632 2.6 1.4

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