Western Information Office


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14-1561-SAN

Tuesday, August 19, 2014

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Consumer Price Index, San Diego First Half 2014

Area prices up 1.4 percent over the past six months, up 2.4 percent from a year ago

Prices in the greater San Diego area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.4 percent in the first half of 2014, 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, gasoline, and food. (Data in this report are not seasonally adjusted. Accordingly, six-month-to-six-month changes may reflect seasonal influences.)

Over the past 12 months, the CPI-U rose 2.4 percent. (See chart 1.) Energy prices advanced 4.3 percent, largely the result of a price increase in electricity and natural gas service. The index for all items less food and energy increased 2.3 percent over the year.

Chart 1. Over-the-year percent change in CPI-U, San Diego, Second half of 2010  First half of 2014

Food

Food prices advanced 1.5 percent in the first half of 2014. (See table 1.) Prices for food at home rose 1.5 percent for the past six months. Prices for food away from home increased 1.4 percent for the same period.

For the year ending in the first half of 2014, food prices increased 1.7 percent. Prices for food away from home advanced 2.6 percent, and prices for food at home increased 0.8 percent during the past 12 months.

Energy

Energy prices increased 4.4 percent since the second half of 2013. The increase was strongly influenced by the price of gasoline, which increased 4.3 percent. Natural gas service prices gained 11.1 percent and electricity prices gained 3.2 percent for the same period.

Energy prices moved up 4.3 percent over the year, strongly influenced by a 17.6 percent increase in electricity prices. Natural gas service prices rose 20.4 percent, but gasoline prices decreased 0.8 percent.