![]() As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. In addition, local indexes are not adjusted for seasonal influences. 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. Local data are then combined to obtain a U.S. For further details see the CPI home page on the internet at and the CPI section of the BLS Handbook of Methods available on the internet at 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. 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. An increase of 7 percent from the reference base, for example, is shown as 107.000. The index measures price changes from a designated reference date for most of the CPI-U the reference base is 1982-84 equals 100. All taxes directly associated with the purchase and use of items are included in the index. 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. 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. 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. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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. The Consumer Price Index (CPI) is a measures of the average change in prices over time in a fixed market basket of goods and services. The June 2023 Consumer Price Index for the Phoenix area is scheduled to be released on July 12, 2023. Partly offsetting the increases were price decreases in used cars and trucks (-8.6 percent) and apparel (-1.1 percent). Components contributing to the increase included shelter (14.2 percent) and medical care (6.7 percent). Over the year, the index for all items less food and energy rose 8.1 percent. Higher prices for medical care (3.4 percent) and shelter (1.1 percent) were partially offset by lower prices for apparel (-4.8 percent) and recreation (-2.9 percent). The index for all items less food and energy advanced 0.8 percent in the latest two-month period. Prices paid for natural gas service rose 11.7 percent, while prices for electricity were unchanged during the past year. Prices for electricity rose 3.4 percent, and prices for natural gas service increased 0.8 percent for the same period.Įnergy prices rose 2.9 percent over the year, largely due to higher prices for gasoline (3.6 percent). The increase was mainly due to higher prices for gasoline (33.1 percent). The energy index increased 18.8 percent for the two months ending in April. Prices for food away from home increased 8.7 percent. Prices for food at home increased 5.4 percent since a year ago, with higher prices in five of the six grocery categories. Over the year, food prices rose 6.8 percent. ![]() Prices for food away from home declined 1.4 percent for the same period. (See table 1.) Prices for food at home decreased 1.3 percent, led by lower prices for meats, poultry, fish, and eggs (-4.5 percent). Over-the-year percent change in CPI-U, Phoenix-Mesa-Scottsdale, AZ, April 2020–April 2023 Monthįood prices decreased 1.3 percent for the two months ending in April.
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