BLS - U.S. Bureau of Labor Statistics

14/08/2024 | Press release | Distributed by Public on 14/08/2024 15:57

Consumer Price Index, West Region — July 2024

News Release Information

24-1706-SAN
Wednesday, August 14, 2024

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Consumer Price Index, West Region - July 2024

Area prices were down 0.1 percent over the past month, up 2.6 percent from a year ago

Prices in the West Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), edged down 0.1 percent in July, the U.S. Bureau of Labor Statistics reported today. (See table A.) The July decrease was influenced by lower prices for energy. (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 rose 2.6 percent. (See chart 1 and table A.) Food prices rose 2.5 percent. Energy prices fell 2.8 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 3.0 percent over the year. (See table 1.)

View Chart Data
Chart 1. Over-the-year percent change in CPI-U, West region, July 2021-July 2024
Month All items All items less food and energy

Jul 2021

5.2 3.9

Aug 2021

5.0 3.8

Sep 2021

5.3 4.0

Oct 2021

6.0 4.5

Nov 2021

6.5 4.8

Dec 2021

7.1 5.5

Jan 2022

7.7 6.2

Feb 2022

8.1 6.7

Mar 2022

8.7 6.8

Apr 2022

8.3 6.4

May 2022

8.3 6.2

Jun 2022

8.8 6.2

Jul 2022

8.3 6.3

Aug 2022

8.1 6.7

Sep 2022

8.3 6.8

Oct 2022

8.1 6.4

Nov 2022

7.1 6.0

Dec 2022

6.2 5.7

Jan 2023

6.3 5.6

Feb 2023

6.0 5.3

Mar 2023

5.1 5.5

Apr 2023

4.9 5.4

May 2023

4.5 5.3

Jun 2023

3.5 4.7

Jul 2023

3.5 4.3

Aug 2023

3.9 4.1

Sep 2023

3.9 3.9

Oct 2023

3.3 3.7

Nov 2023

3.3 3.7

Dec 2023

3.6 3.7

Jan 2024

3.3 3.7

Feb 2024

3.2 3.6

Mar 2024

3.6 3.8

Apr 2024

3.7 3.6

May 2024

3.3 3.3

Jun 2024

2.8 3.0

Jul 2024

2.6 3.0
Food

Food prices rose 0.1 percent for the month of July. (See table 1.) Prices for food at home were unchanged. Overall, prices in four of the six grocery categories fell. Prices for food away from home advanced 0.2 percent for the same period.

Over the year, food prices rose 2.5 percent. Prices for food at home rose 1.0 percent since a year ago, led by higher prices for meats, poultry, fish, and eggs (2.6 percent). Prices for food away from home advanced 4.9 percent.

Energy

The energy index decreased 2.5 percent over the month. The decrease was mainly due to lower prices for gasoline (-2.3 percent). Prices for natural gas service fell 4.5 percent, and prices for electricity declined 2.3 percent for the same period.

Energy prices fell 2.8 percent over the year, largely due to lower prices for gasoline (-7.2 percent). Prices paid for natural gas service fell 3.0 percent during the past year, while prices for electricity rose 4.6 percent.

All items less food and energy

The index for all items less food and energy was unchanged in July. Higher prices for medical care (0.4 percent) and shelter (0.3 percent) were offset by lower prices for apparel (-1.7 percent) and household furnishings and operations (-0.6 percent).

Over the year, the index for all items less food and energy increased 3.0 percent. Components contributing to the increase included medical care (5.8 percent) and shelter (4.3 percent). Partly offsetting the increases were price decreases in new and used motor vehicles (-4.3 percent) and household furnishings and operations (-2.1 percent).

Table A. West region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.3 2.9 0.2 1.4 0.9 7.7 0.9 6.3 0.7 3.3

February

0.4 3.1 0.5 1.6 0.8 8.1 0.5 6.0 0.4 3.2

March

-0.2 2.5 0.7 2.4 1.3 8.7 0.5 5.1 0.9 3.6

April

-0.4 1.3 1.0 3.9 0.7 8.3 0.5 4.9 0.6 3.7

May

0.1 0.8 0.8 4.7 0.8 8.3 0.4 4.5 0.1 3.3

June

0.4 1.2 0.9 5.1 1.2 8.8 0.3 3.5 -0.2 2.8

July

0.5 1.7 0.6 5.2 0.1 8.3 0.1 3.5 -0.1 2.6

August

0.3 1.9 0.2 5.0 0.0 8.1 0.4 3.9

September

0.0 1.6 0.2 5.3 0.3 8.3 0.4 3.9

October

0.2 1.2 0.8 6.0 0.7 8.1 0.1 3.3

November

0.0 1.4 0.5 6.5 -0.4 7.1 -0.4 3.3

December

-0.1 1.5 0.4 7.1 -0.4 6.2 -0.1 3.6

The August 2024 Consumer Price Index for the West Region is scheduled to be released on September 11, 2024.


Technical Note

The Consumer Price Index for the West Region is published monthly. 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 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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, 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 75 urban areas across the country from about 6,000 housing units and approximately 22,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000. Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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 West Region covered in this release is comprised of the following thirteen states: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

West (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Historical
data
May
2024
Jun.
2024
Jul.
2024
Jul.
2023
May
2024
Jun.
2024

Expenditure category

All Items

334.292 333.662 333.174 2.6 -0.3 -0.1

All items (December 1977=100)

540.365 539.346 538.558 - - -

Food and beverages

341.331 341.948 342.109 2.5 0.2 0.0

Food

343.696 344.320 344.560 2.5 0.3 0.1

Food at home

321.106 320.676 320.604 1.0 -0.2 0.0

Cereals and bakery products

335.515 333.867 333.374 -0.1 -0.6 -0.1

Meats, poultry, fish, and eggs

348.228 348.945 349.628 2.6 0.4 0.2

Dairy and related products

284.631 284.165 283.481 0.7 -0.4 -0.2

Fruits and vegetables

406.886 400.111 399.269 0.1 -1.9 -0.2

Nonalcoholic beverages and beverage materials

223.598 223.986 223.390 0.0 -0.1 -0.3

Other food at home

277.123 279.187 279.686 1.4 0.9 0.2

Food away from home

375.619 377.964 378.716 4.9 0.8 0.2

Alcoholic beverages

305.108 305.628 304.572 2.4 -0.2 -0.3

Housing

374.002 373.583 373.742 3.5 -0.1 0.0

Shelter

430.072 429.865 431.089 4.3 0.2 0.3

Rent of primary residence(1)

456.512 456.998 459.088 4.3 0.6 0.5

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

451.211 451.562 453.221 4.3 0.4 0.4

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

450.989 451.333 452.990 4.3 0.4 0.4

Fuels and utilities

429.018 427.383 420.812 3.6 -1.9 -1.5

Household energy

378.549 376.274 366.218 2.8 -3.3 -2.7

Energy services(1)

382.253 379.943 369.478 3.0 -3.3 -2.8

Electricity(1)

427.593 421.973 412.405 4.6 -3.6 -2.3

Utility (piped) gas service(1)

295.428 301.603 287.908 -3.0 -2.5 -4.5

Household furnishings and operations

158.247 157.596 156.646 -2.1 -1.0 -0.6

Apparel

125.766 126.699 124.486 -0.6 -1.0 -1.7

Transportation

288.932 284.482 281.529 0.5 -2.6 -1.0

Private transportation

285.990 282.659 280.529 0.6 -1.9 -0.8

New and used motor vehicles(3)

123.652 123.370 123.294 -4.3 -0.3 -0.1

New vehicles

175.466 175.470 175.298 -1.5 -0.1 -0.1

New cars and trucks(3)(4)

- - - - - -

New cars(4)

173.596 173.291 173.095 -2.2 -0.3 -0.1

Used cars and trucks

173.701 173.893 171.475 -11.4 -1.3 -1.4

Motor fuel

372.481 350.324 342.312 -7.2 -8.1 -2.3

Gasoline (all types)

371.875 349.287 341.171 -7.2 -8.3 -2.3

Gasoline, unleaded regular(4)

367.756 344.810 336.688 -7.5 -8.4 -2.4

Gasoline, unleaded midgrade(4)(5)

355.141 334.779 327.111 -6.7 -7.9 -2.3

Gasoline, unleaded premium(4)

365.070 345.038 337.418 -6.1 -7.6 -2.2

Medical Care

607.285 609.095 611.794 5.8 0.7 0.4

Medical care commodities

474.853 476.071 479.551 4.7 1.0 0.7

Medical care services

648.180 650.175 652.617 6.0 0.7 0.4

Professional services

422.268 424.767 426.774 5.9 1.1 0.5

Recreation(3)

131.285 131.248 131.227 0.2 0.0 0.0

Education and communication(3)

144.024 143.827 143.742 0.6 -0.2 -0.1

Tuition, other school fees, and child care(6)

1,671.739 1,675.543 1,672.482 2.2 0.0 -0.2

Other goods and services

545.289 554.723 554.326 3.8 1.7 -0.1

Commodity and Service Group

All Items

334.292 333.662 333.174 2.6 -0.3 -0.1

Commodities

229.025 227.716 226.547 -1.2 -1.1 -0.5

Commodities less food & beverages

176.128 174.207 172.630 -3.4 -2.0 -0.9

Nondurables less food & beverages

237.767 233.627 230.925 -2.2 -2.9 -1.2

Nondurables less food, beverages, and apparel

316.269 308.662 305.596 -2.6 -3.4 -1.0

Durables

123.104 122.672 121.907 -4.6 -1.0 -0.6

Services

432.318 432.389 432.604 4.8 0.1 0.0

Rent of shelter(2)

458.622 458.400 459.735 4.3 0.2 0.3

Transportation services

427.430 426.172 422.480 10.9 -1.2 -0.9

Other services

413.198 414.914 416.073 2.7 0.7 0.3

Special aggregate indexes:

All items less medical care

321.705 320.974 320.354 2.3 -0.4 -0.2

All items less food

332.925 332.105 331.508 2.6 -0.4 -0.2

All items less shelter

296.538 295.719 294.494 1.5 -0.7 -0.4

Commodities less food

180.897 179.008 177.424 -3.2 -1.9 -0.9

Nondurables

289.550 287.650 286.295 0.3 -1.1 -0.5

Nondurables less food

243.076 239.151 236.517 -1.9 -2.7 -1.1

Nondurables less food and apparel

314.782 307.879 304.990 -2.2 -3.1 -0.9

Services less rent of shelter(2)

447.594 448.076 446.783 5.5 -0.2 -0.3

Services less medical care services

417.098 417.045 417.114 4.6 0.0 0.0

Energy

382.721 368.735 359.673 -2.8 -6.0 -2.5

All items less energy

333.942 334.128 334.164 2.9 0.1 0.0

All items less food and energy

333.150 333.265 333.268 3.0 0.0 0.0

Commodities less food and energy commodities

160.601 160.602 159.623 -2.5 -0.6 -0.6

Energy commodities

378.803 356.599 348.643 -7.2 -8.0 -2.2

Services less energy services

437.004 437.197 437.954 4.8 0.2 0.2

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) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) Indexes on a December 1977=100 base.

- Data not available
Regions defined as the four Census regions. West includes Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.