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September 16, 2008

WEST REGION CONSUMER PRICE INDEX (CPI) - AUGUST 2008

The Bureau of Labor Statistics of the U.S. Department of Labor reported today that the August 2008 All Items Consumer Price Index (CPI) in the West decreased 0.5 percent compared to July. During the past 12 months, the overall index increased 4.9 percent. Regional Commissioner Stanley W. Suchman noted that the annual increase was primarily due to higher transportation prices. The special all items less food and energy index rose by 0.2 percent in August, but the energy index decreased 6.1 percent. On an annual basis, these indexes rose by 2.5 percent and 28.0 percent, respectively. Regional CPI area data are not seasonally adjusted.

The transportation index, which comprises approximately 19 percent of the all items index, declined 2.8 percent in August. For the year ending August 2008, transportation prices jumped 12.4 percent. Gasoline prices decreased 7.8 percent for the month, but increased 40.4 percent since August 2007. Additionally, new cars and trucks prices were down 0.4 percent in August and were 1.2 percent lower than a year ago.

The housing index was unchanged for August, but rose 3.0 percent since August 2007. The index for shelter, the largest housing component, edged up 0.1 percent for the month and was 2.8 percent higher for the year. Prices for household fuels and utilities decreased 1.6 percent from July to August, but increased 7.8 percent since last year. Within the fuels and utilities index, electricity prices were unchanged in August and advanced 3.9 percent from a year ago. Prices for utility (piped) gas service fell 7.8 percent for the month, but jumped 18.1 percent over the year. Prices for household furnishings and operations crept up 0.3 percent for the month and increased 1.0 percent for the year.

Food and beverages prices rose 0.2 percent in August 2008 and increased 5.3 percent over the past 12 months. Both grocery prices, as measured by the food at home index, along with the food away from home index, advanced 0.2 percent in August. Over the year, prices for groceries increased 6.9 percent, and prices for food away from home increased 3.8 percent. Prices for alcoholic beverages declined 0.2 percent in August, but rose 2.8 percent over the year.

The medical care index edged up 0.1 percent and increased 3.6 percent for the year. In August, prices for medical care services changed little and prices for medical care commodities increased 0.3 percent. Over the latest 12-month period, prices for medical care services and prices for medical care commodities advanced 4.3 and 1.5 percent, respectively.

Apparel prices were up 0.3 percent in August, but decreased 0.8 percent over the past 12 months.

Among the remaining major expenditure categories, prices for education and communication increased 0.7 percent, and prices for other goods and services were up 0.3 percent. Over the past year, prices for education and communication were 3.4 percent higher, and prices for other goods and services were up 3.7 percent. The recreation index inched up 0.1 percent in August and advanced 1.4 percent for the year.

The All Items Consumer Price Index for All Urban Consumers (CPI-U) for the West stands at 222.823 (1982-84=100). This means a market basket of goods and services that cost $100.00 in 1982-84 would have cost $222.82 in August 2008.

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

  West   (1982-84=100 unless otherwise noted)
                                                                                                           
                                                                                                           
                                                             Indexes                Percent change from-   
                                                                                                           
                 Item and Group                                                                            
                                                   June       July       Aug.      Aug.     June     July  
                                                   2008       2008       2008      2007     2008     2008  
                                                                                                           
                                                                                                           
              Expenditure category                                                                         
                                                                                                           
  All items....................................   223.040    223.867    222.823      4.9     -0.1     -0.5 
  All items (December 1977=100) ...............   360.532    361.869    360.181        -        -        - 
                                                                                                           
   Food and beverages..........................   219.494    221.139    221.506      5.3       .9       .2 
    Food.......................................   218.806    220.636    221.063      5.5      1.0       .2 
     Food at home..............................   224.337    226.684    227.153      6.9      1.3       .2 
     Food away from home.......................   210.792    211.971    212.342      3.8       .7       .2 
    Alcoholic beverages........................   226.529    225.897    225.552      2.8      -.4      -.2 
                                                                                                           
   Housing.....................................   227.629    228.864    228.814      3.0       .5       .0 
    Shelter....................................   254.387    255.242    255.593      2.8       .5       .1 
     Rent of primary residence (1).............   254.677    255.331    255.857      3.9       .5       .2 
     Owners' equivalent rent of primary                                                                    
         residence (1) (2) ....................   266.587    267.153    267.752      3.2       .4       .2 
    Fuels and utilities........................   236.250    242.120    238.144      7.8       .8     -1.6 
     Household energy..........................   225.811    232.065    226.527      8.6       .3     -2.4 
      Gas (piped) and electricity (1)..........   226.727    232.998    227.545      7.7       .4     -2.3 
       Electricity (1).........................   224.224    226.634    226.719      3.9      1.1       .0 
       Utility (piped) gas service (1).........   254.479    271.903    250.776     18.1     -1.5     -7.8 
    Household furnishings and operations.......   133.320    133.764    134.122      1.0       .6       .3 
                                                                                                           
   Apparel.....................................   111.423    108.467    108.777      -.8     -2.4       .3 
                                                                                                           
   Transportation..............................   213.387    214.211    208.298     12.4     -2.4     -2.8 
    Private transportation.....................   207.301    207.719    201.618     12.1     -2.7     -2.9 
     New and used motor vehicles (3)...........    93.329     93.306     93.047     -1.1      -.3      -.3 
      New vehicles.............................   133.785    133.658    133.072     -1.2      -.5      -.4 
       New cars and trucks (3) (4).............    93.021     92.930     92.520     -1.2      -.5      -.4 
       New cars (4)............................   135.531    136.059    136.451      1.7       .7       .3 
      Used cars and trucks.....................   133.631    133.558    133.153     -1.1      -.4      -.3 
     Motor fuel................................   352.320    353.317    325.719     40.6     -7.6     -7.8 
      Gasoline (all types).....................   350.024    351.110    323.707     40.4     -7.5     -7.8 
       Gasoline, unleaded regular (4)..........   350.122    351.523    323.909     41.2     -7.5     -7.9 
       Gasoline, unleaded midgrade (4) (5).....   326.346    326.734    301.628     38.9     -7.6     -7.7 
       Gasoline, unleaded premium (4)..........   329.835    330.394    305.000     38.0     -7.5     -7.7 
                                                                                                           
   Medical care................................   369.169    369.054    369.557      3.6       .1       .1 
    Medical care commodities...................   299.590    297.892    298.723      1.5      -.3       .3 
    Medical care services......................   390.090    390.598    390.964      4.3       .2       .1 
     Professional services.....................   292.123    292.694    293.323      3.6       .4       .2 
                                                                                                          
   Recreation (3)..............................   109.155    109.522    109.664      1.4      0.5      0.1 
                                                                                                           
   Education and communication (3).............   122.774    123.309    124.122      3.4      1.1       .7 
                                                                                                           
   Other goods and services....................   346.887    347.269    348.239      3.7       .4       .3 
                                                                                                           
           Commodity and service group                                                                     
                                                                                                           
  All items....................................   223.040    223.867    222.823      4.9      -.1      -.5 
   Commodities.................................   179.351    179.590    177.335      6.6     -1.1     -1.3 
    Commodities less food and beverages........   156.050    155.765    152.663      7.3     -2.2     -2.0 
     Nondurables less food and beverages.......   206.683    205.744    199.217     14.9     -3.6     -3.2 
      Nondurables less food, beverages, and                                                                
          apparel..............................   273.060    273.438    262.284     20.1     -3.9     -4.1 
     Durables..................................   111.520    111.723    111.264     -1.5      -.2      -.4 
   Services....................................   262.185    263.600    263.842      3.8       .6       .1 
    Rent of shelter (2) .......................   270.610    271.585    271.961      2.8       .5       .1 
    Transportation services....................   250.189    252.805    253.395      6.5      1.3       .2 
    Other services.............................   292.090    293.133    294.607      4.1       .9       .5 
                                                                                                           
            Special aggregate indexes                                                                      
                                                                                                           
  All items less medical care..................   215.885    216.737    215.649      5.0      -.1      -.5 
  All items less food..........................   223.841    224.516    223.246      4.8      -.3      -.6 
  All items less shelter.......................   211.703    212.525    210.876      6.0      -.4      -.8 
  Commodities less food........................   159.068    158.771    155.722      7.1     -2.1     -1.9 
  Nondurables..................................   215.290    215.535    212.116     10.0     -1.5     -1.6 
  Nondurables less food........................   208.793    207.868    201.685     14.0     -3.4     -3.0 
  Nondurables less food and apparel............   267.893    268.173    258.090     18.4     -3.7     -3.8 
  Services less rent of shelter (2) ...........   280.680    282.877    282.958      5.2       .8       .0 
  Services less medical care services..........   252.661    254.106    254.339      3.7       .7       .1 
  Energy.......................................   301.821    305.028    286.478     28.0     -5.1     -6.1 
  All items less energy........................   218.551    219.193    219.557      2.9       .5       .2 
   All items less food and energy..............   219.162    219.605    219.959      2.5       .4       .2 
    Commodities less food and energy                                                                       
        commodities............................   136.656    136.167    136.156      -.2      -.4       .0 
    Energy commodities.........................   355.450    356.642    329.118     40.5     -7.4     -7.7 
    Services less energy services..............   265.119    266.230    266.833      3.6       .6       .2 

    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 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.
    - 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.


 

Last Modified Date: September 16, 2008