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Home My Public Portal AboutExhibit RC 91B - Bureau of Labor Statistics August 15, 2012Exhibit RC 91 B ," BLS BUREAU OF LABOR STATISTICS U.S. DEPARTMENT OF LABOR NEWS RELEASE MOUNTAIN -PLAINS INFORMATION OFFICE Kansas City, Mo. For release: August 15, 2012 12-1697-KAN Technical information : (816) 285-7000 • BLSInfoKansasCity@b1s.gov • www.bls.gov/ro7 Media contact : (816) 285-7002 • BLSInfoKansasCity@b1s.gov CONSUMER PRICE INDEX (CPI) FOR ST. Louis Prices increased 2.6 percent from the first half of 2011 to the first half of 2012 The Consumer Price Index for All Urban Consumers (CPI-U) for the St. Louis, Mo.-Ill., metropolitan area rose 2.6 percent from the first half of 2011 to the first half of 2012, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Stanley W. Suchrnan noted that the increase was broad -based with higher prices for shelter and food having the largest upward impact on the index. Costs for energy rose 2.0 percent, food prices were up 5.3 percent, and the all items less food and energy index advanced 2.0 percent. Chart 1. Over -the -year percent changes in consumer price Indexes, St. Louis, first half 2009—first half 2012 Percent change 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 -0.5 -1.0 DM items filAll items less food and energy First half 2009 Second half First half 2010 Second half First half 2011 Second half First half 2012 2009 2010 2011 SOURCE: U.S. Bureau of Labor Statistics Food Food prices rose 5.3 percent from the first half of 2011 to the first half of 2012, more than twice the 2.5- percent increase registered in the same period one year ago. Costs for food at home advanced 6.8 percent, the largest over -the -year gain since 1990, and accounted for over three -fourths of the increase in the food component. Costs for food away from home were up 3.7 percent over the year. Energy The energy index increased 2.0 percent from the first half of 2011 to the first half of 2012, following a sharp advance of 21.3 percent in the same period one year ago. An increase of 3.2 percent in motor fuel prices had the greatest impact on the energy component, though this was the smallest annual gain since 2007. A decline in motor fuel costs in the earlier half of the period helped to offset rising costs in the most recent six-month period. Prices for electricity were up 3.9 percent over the year, following an increase of 17.6 percent in the same period a year ago. Utility (piped) gas service costs declined 4.2 percent over the year. All items less food and energy The index for all items less food and energy rose 2.0 percent from the first half of 2011 to the first half of 2012. Higher costs for shelter, up 2.9 percent, led the advance. Other components that contributed to the increase included apparel (6.7 percent), medical care (2.5 percent), and education and communication (1.7 percent). In contrast, the index for household furnishings and operations decreased 1.7 percent over the year. The St. Louis CPI-U stood at 213.921 for the first half of 2012. This means that a market basket of goods and services that cost $100.00 in 1982-84 cost $213.92 in the first half of 2012. Because metropolitan area CPI data are not adjusted for seasonal price variation, consumers and businesses should be cautious in drawing conclusions about long-term retail price trends from short-term changes in the metropolitan area indexes. CPI-W The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the St. Louis, Mo.-Ill., metropolitan area for the first half of 2012 was 214.712. The CPI-W increased 2.7 percent from the first half of 2011 to the first half of 2012. 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 A11 Urban Consumers (CPI-U) which covers approximately 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 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 -2- 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.b1s.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 areas; they only measure the average change in prices for each area since the base period. The St. Louis, Mo.-Ill., Metropolitan Statistical Area includes Bond, Calhoun, Clinton, Jersey, Macoupin, Madison, Monroe, and St. Clair Counties in Illinois; and Franklin, Jefferson, Lincoln, St. Charles, St. Louis, Warren, and Washington Counties and St. Louis City in Missouri. For personal assistance or further information on Consumer Price Indexes, as well as other Bureau products, contact the Mountain -Plains Information Office at (816) 285-7000 from 9:00 a.m. to 12:00 p.m. and 1:00 p.m. to 4:00 p.m. CT. Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; TDD message referral phone number (Federal Relay Service): 1-800-877-8339. - 3 - Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods St. Louis, MO -IL (1982-84=100 unless otherwise noted) Item and Group Semiannual average indexes Percent change to from - 1st half 2011 2nd half 2011 1st half 2012 1st half 2012 1st half 2011 2nd half 2011 Expenditure category All items 208.586 210.966 213.921 2.6 1.4 All items (1967=100) 619.534 626.605 635.3131 - Food and beverages 217.627 223.076 228.571 5.0 2.5 Food 215.813 221.483 227.295 5.3 2.6 Food at home 204.553 212.896 218.434 6.8 2.6 Food away from home 234.196 235.345 242.823 3.7 3.2 Alcoholic beverages 219.048 220.316 220.374 .6 .0 Housing 193.431 196.781 197.935 2.3 .6 Shelter 219.639 221.919 225.997 2.9 1.8 Rent of primary residence 1 200.001 201.612 205.858 2.9 2.1 Owners' equivalent rent of residences 1 2 228.555 230.619 235.431 3.0 2.1 Owners' equivalent rent of primary residence 1 2 228.555 230.619 235.431 3.0 2.1 Fuels and utilities 196.664 207.664 198.473 .9 -4.4 Household energy 172.089 192.236 173.212 .7 -9.9 Energy services 1 175.790 196.814 177.075 .7 -10.0 Electricity 1 163.341 195.395 169.775 3.9 -13.1 Utility (piped) gas service 1 169.996 166.670 162.625 -4.2 -2.3 Household furnishings and operations 127.885 127.532 125.689 -1.7 -1.4 Apparel 146.122 145.500 155.952 6.7 7.2 Transportation 200.219 198.548 203.881 1.8 2.7 Private transportation 201.261 199.352 204.851 . 1.8 2.8 Motor fuel 328.092 312.478 338.441 3.2 8.3 Gasoline (all types) 323.1354 307.417 333.621 3.1 8.5 Gasoline, unleaded regular 3 315.661 299.537 325.377 3.1 8.6 Gasoline, unleaded midgrade 3 4 368.964 350.570 380.101 3.0 8.4 Gasoline, unleaded premium 3 311.505 297.745 321.379 3.2 7.9 Medical care 370.7013 377.000 379.807 2.5 .7 Recreation 5 114.844 115.271 116.462 1.4 1.0 Education and communication 5 137.648 139.803 139.986 1.7 .1 Other goods and services 301.051 302.680 302.801 .6 .0 Commodity and service group All items 208.586 210.966 213.921 2.6 1.4 Commodities 183.952 185.082 189.901 3.2 2.6 Commodities less food and beverages 164.815 164.149 168.681 2.3 2.8 Nondurables less food and beverages 224.752 221.510 231.294 2.9 4.4 Durables 109.501 111.235 111.121 1.5 -.1 Services 235.258 238.829 240.229 2.1 .6 Special aggregate Indexes • All items less medical care 200.489 202.694 205.627 2.6 1.4 All items less shelter 206.918 209.233 211.890 2.4 1.3 Commodities less food 167.728 167.102 171.536 2.3 2.7 Nondurables 222.478 223.227 230.799 3.7 3.4 Nondurables less food 226.098 223.051 232.311 2.7 4.2 Services less rent of shelter 2 258.190 262.1336 261.360 1.2 -.6 Services less medical care services 223.041 226.353 227.562 2.0 .5 Energy 240.127 244.408 244.876 2.0 .2 All items less energy 208.259 210.797 213.533 2.5 1.3 All items less food and energy 207.266 209.264 211.466 2.0 1.1 1 Th's 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 November 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. Table 2. Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W):Indexes for semiannual averages and percent changes for selected periods St. Louis, MO -IL (1982-84=100 unless otherwise noted) item and Group Semiannual average indexes Percent change to lst half 2012 from - 1st half 2011 2nd half 2011 lst half 2012 1st half 2011 2nd half 2011 Expenditure category All items 209.150 211.537 214.712 2.7 1.5 All items (1967.100) 615.331 622.354 631.694 - - Food and beverages 218.153 223.794 229.391 5.2 2.5 Food 217.230 223.092 228.977 5.4 2.6 Food at home 205.393 213.867 219.467 6.9 2.6 Food away from home 235.468 236.611 244.478 3.8 3.3 Alcoholic beverages 207.758 209.478 210.239 1.2 .4 Housing 195.893 199.647 200.731 2.5 .5 Shelter 220.533 222.607 226.944 2.9 1.9 Rent of primary residence 1 200.001 201.612 205.858 2.9 2.1 Owners' equivalent rent of residences 1 2 209.389 211.280 215.688 3.0 2.1 Owners' equivalent rent of primary residence 1 2 209.389 211.280 215.688 3.0 2.1 Fuels and utilities 199.955 211.506 202.109 1.1 -4.4 Household energy 173.802 194.337 175.319 .9 -9.8 Energy services 1 177.811 199.378 179.605' 1,0 -9.9 Electricity 1 163.340 195.394 169.773 3.9 -13.1 Utility {piped) gas service 1 169.997 166.672 162.825 -4.2 -2.3 Household furnishings and operations 119.665 120.522 118.575 -.9 -1.6 Apparel 151.952 149.119 158.805 4.5 6.5 Transportation 206.267 204.817 210.272 1.9 2.7 Private transportation 205.867 204,284 209.874 1.9 2.7 Motor fuel 328.129 312.527 338.396 3.1 8.3 Gasoline (all types) 323.655 307.417 333.621 3.1 8.5 Gasoline, unleaded regu[ar3 315.646 299.523 325.361 3.1 8.6 Gasoline, unleaded midgrade 3 4 368.964 350.570 380.101 3.0 8.4 Gasoline, unleaded premium 3 311.520 297.759 321.394 3.2 7.9 Medical care 370.392 378.017 381.343 3.0 .9 Recreation 5 117.534 118.237 119.533 1.7 1.1 Education and communication 5 134.143 134.971 135.152 .8 .1 Other goods and services 311.307 313.593 314.027 .9 .1 Commodity and service group All items 209.150 211.537 214.712 2.7 1.5 Commodities 189.814 191.122 196.543 3.5 2.8 Commodities less food and beverages 173.657 172.980 177.806 2.4 2.8 Nondurabies less food and beverages 231.284 226.857 237.196 2.6 4.6 Durables 117.468 120.609 120.755 2.8 .1 Services 233.846 237.410 238.638 2.0 .5 Special aggregate indexes All items less medical care 202.470 204.654 207.758 2,6 1.5 All items less shelter 207.065 209.471 212.411 2.6 1.4 Commodities less food 175.705 175.091 179.879 2.4 2.7 Nondurabies 225.153 225.502 234.062 4.0 3.8 Nondurabies less food 230.970 226.855 236.805 2.5 4.4 Services less rent of shelter 2 237.767 242.337 240.380 1.1 -.8 Services less medical care services 222.239 225.446 226.434 1.9 .4 Energy 242.974 246.479 24.8.494 2.3 .8 All items less energy 207.476 210.120 212.766 2.5 1.3 All items less food and energy 205.325 207.308 209.326 1.9 1.0 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 November 1984=100 base. 3 Special index based on a substantially smaller sample. 4 Indexes on a December 1993=100 base. 6 Indexes on a December 1997.100 base. Data not available.