Western Information Office


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14-290-SAN

Thursday, February 20, 2014

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Consumer Price Index, San Diego – Second Half 2013

Area prices up 1.1 percent over the past six months, up 1.7 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 1.1 percent in the second half of 2013, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted that the six-month increase was influenced by higher prices for shelter and recreation and lower prices for gasoline. (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 1.7 percent. (See chart 1.) Energy prices advanced 1.5 percent, mainly due to an increase in the price of electricity. The index for all items less food and energy increased 1.7 percent over the year.

Chart 1. Over-the-year percent change in CPI-U, San Diego, First half of 2010  Second half of 2013

Food

Food prices edged up 0.1 percent in the second half of 2013. (See table 1.) Prices for food away from home were up 1.2 percent for the past six months. Prices for food at home declined 0.7 percent for the same period.

For the year ending in the second half of 2013, food prices rose 0.9 percent. Prices for food away from home advanced 2.4 percent during the past 12 months, but prices for food at home decreased0.4 percent.

Energy

The energy index edged down 0.1 percent since the first half of 2013. This decrease was influenced by lower prices for gasoline (-4.9 percent). Partly offsetting the decline were higher prices for electricity (13.9 percent) and natural gas service (8.4 percent).

Energy prices increased 1.5 percent over the year, strongly influenced by a 14.0 percent jump in electricity prices. From a year ago, natural gas service prices increased 18.7 percent, but gasoline prices were down 3.8 percent.