Full text of CPI Detailed Report : August 1960
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Released September 23. I960 U.S. DEPARTMENT OF LABOR Bureau of Labor Statistics Washington 25, D. C. COUSUttER PRICE INDEX FOR AUGUST 1960 The August Consumer Price Index held at the July level of 126.6 (1947-49 * 100), the U.S. Labor Department's Bureau of Labor Statistics reported today. This was 1.4 percent above a year ago. Price reductions from July to August for food, housefurnishings, and new cars were balanced by increases, most of them small, for almost all other kinds of commodities and services. The most significant price increases in August were for gasoline, home ownership costs, and apparel. The food price decline was caused chiefly by substantial decreases for fresh fruits and vegetables in August, which is the peak of the harvest season for many items of produce. Prices for most cuts of beef and lamb, as well as for poultry, also went down a little. Pork prices, however, continued the strong rise which began in February, and egg prices rose sharply as they usually do in hot weather when production declines. August "white sales" and a variety of merchandising efforts to clear large inventories of 1960 model appliances brought price cuts for both nondurable and durable housefurnishings. The index for new cars, continuing its almost steady decline since last November, decreased again in August, following the usual pattern of change as the model year moves toward its close. In contrast, gasoline prices rose substantially in August for the third successive month. The rise was geographically widespread and reflected heavy summer demand. Home ownership costs, on the average, were up quite generally across the country, although mortgage interest rates declined. FOOD The 0.4-percent decline in food'prices was caused almost entirely by an 8-percent drop for fresh fruits and vegetables in August. Except for small decreases for beef, lamb, and poultry, and reductions for coffee, prices for most other important foods rose in August. Food prices were 1.5 percent above a year earlier, but 1.3 percent lower than at the July 1958 peak. Supplies of fresh produce this year were better than average for August, but somewhat less abundant than at the same time last year. As a result, prices for fresh fruits and vegetables this August were 5 percent above the level of August 1955L In contrast to the seasonal decreases for produce prices in August, prices for some other foods were rising seasonally. Among these were eggs and milk. Egg prices rose 8.8 percent, as production dropped from the unusually high levels prevailing during this year's relatively cool June and July. As milk production declines in the summer, prices increase, and by this August, they were at record levels. Prices for eggs, however, although well above a year earlier, were substantially below prices in all recent years except 1959. All cuts of pork went up in price in August, but the increase was greatest for bacon. Prices for pork products have been increasing generally since February, chiefly because of a substantially reduced pig crop and a decline in hog marketings. Pork prices this August were 5.6 percent above the August 1959 figure. HOUSING All major elements of housing costs except housefurnishings rose in price between July and August. The most important increases were 2 for the various costs associated with home purchase, but repair and maintenance prices also were higher, chiefly for contractual services. Fuel prices went up seasonally. Rents continued their almost steady uptrend of the postwar period. The index for housing—at 131.5 (1947-49 = 100)—was at an alltime high in August, and 1.7 percent above a year earlier. The rise in the housing component of the index has been dampened in recent months by a steady decline for durable housefurnishings, chiefly appliances. Prices for almost all appliances dropped again in August. For refrigerators, the declines reflected a recent reduction in manufacturers1 prices as well as sales and promotions at the retail level. Special sales of other types of appliances were being held in August to clear 1960 models before the introduction of 1961 lines. The price downtrend for appliances, along with substantial and widespread decreases for sheets and towels in the August "white sales," caused the homefurnishings index to edge below a year earlier for the first time since the spring of 1959. Furniture prices, on the average, were unchanged from July to August. TRANS PORTATION The index for transportation has been rising in recent months primarily because of price increases for gasoline. Gasoline prices have been advancing seasonally since May. By August, prices for gasoline, including taxes, were at record levels, and 3.5 percent above a year earlier. The index for new cars continued down in August, as the 1960 model year neared its close. The index has fallen 6.1 percent since November 1959, the largest drop for these months since 1955. By September 1, new car inventories were at a record for that time of year, even though August production dropped sharply with the beginning of the model changeover. Used car sales improved seasonally in August, and the price index for used cars edged up but continued substantially below 1959 levels. APPAREL Apparel prices showed a small average increase for the second month, and in August were 1.2 percent above a year earlier. The price advances in August were primarily for men's suits and business shirts, and women's and girls' dresses. COST-OF-LIVING ADJUSTMENTS The wages of about 110,000 employees are subject to review on the basis of the national Consumer Price Index for August. Of these workers, about 70,000 will receive raises. A total of about 63,000 workers, mostly employed by aircraft companies, will be paid a 1-cent-an-hour increase under a quarterly adjustment. 3 TABLE It Consumer Price Index—United States city average Major group, subgroup, and special group indexes, August 1960 and percent changes from selected dates (1947-49=100 unless otherwise specified) Percent change to August 1960 from Indexes August 1960 July 1960 July 1960 May 1960 126.6 126.6 0 0.2 1.4 113.1 120.1 117.4 137.7 111.3 116.6 127.3 106.5 119.1 120.6 117.9 137.5 110.8 115.8 134.4 104.8 118.9 - 0.4 - .4 .1 .5 .7 - 5.3 1.6 .2 .3 .3 1.5 1.5 1.4 - 4.2 1.5 .4 1.5 1.5 2.8 1.3 2.2 1.4 0.3 2.1 155.0 149.3 140.7 167.5 134.1 174.9 120.0 (I/) 131.5 141.9 124.9 133.4 103.5 137.6 131.3 141.8 124.8 132.9 104.1 137.4 .2 .1 .1 .4 .6 .1 .2 .4 .2 .4 .8 .3 1.7 1.5 4.0 - .4 - .1 2.2 72.8 63.9 19.1 136.5 93.8 101.2 109.3 110.5 99.7 139.9 93.1 109.1 110.2 99.4 139.8 93.1 .2 .3 .3 .1 0 .4 .7 .3 .1 .1 1.2 1.6 .9 1.9 .6 108.2 117.5 82.9 178.1 129.3 146.2 134.4 200.7 145.9 134.2 200.3 .2 .1 .2 .4 .4 .7 .3 .8 3.0 108.3 105.2 146.9 156.7 156.4 .2 .5 3.5 115.8 133.8 133.4 .3 .5 1.6 124.5 121.9 121.6 .2 .4 2.4 93.5 < • - 132.4 132.2 .2 .4 1.0 87.5 Group All items 1 Food . •••• Fruits and vegetables • Food away from home (Jan. 1953=100) Housing • ••• • Rent— — Gas and electricity •• Solid fuels and fuel o i l — Housefurni s h i n g s — — Household operation—• — Apparel Man's and boys1 • • • ••• — Women's and girls1 ••• • • Footwear ..-•-•,.. Other a p p a r e l — — — Transportation Private Public Personal care—. — • •--. •• • • Medical care- — •• — Other goods and services -•-• »•• • August 1959 - - - - - - Year 1939 Special groupst All items less food 130.1 129.9 .2 .3 1.5 88.3 All items less shelter -- ••••••• 124.1 124.2 - .1 .2 1.4 124.0 Commoditie s Nondurables — •• •• ,-Food Nondurables less food-- — — i • •• ••••• Apparel - •••••— ••• Apparel less footwear — Nondurables less food and apparelDurable s — ••—.... — New care -• - - Used cars (Jan. 1953=100) Durables less cars • 117.6 119.9 120.1 120.1 109.2 103.8 129.4 111.0 135.5 87.3 103.0 117.7 120.0 120.6 119.9 109.0 103.6 129.2 111.1 136.1 87.1 103.0 - .1 .1 .4 .2 .2 .2 .2 .1 .4 .2 0 .3 .4 .3 .6 .4 .4 .8 .8 1.7 .9 .5 .9 1.4 1.5 1.3 1.2 1.1 1.3 - 1.6 - .7 -10.2 0 127.9 133.3 155.0 104.6 109.6 (I/) 96.4 93.7 137.7 (I/) 79.8 Commodities less food— 115.5 115.4 .1 .2 .2 94.4 Services—— . .,,•,.— Rctot . •• • Services less rent— — — Household operation services, gas, and electricity— — — Transportation services -• Medical care services-—•• •• •• — Other services J/- 150.3 141.9 152.5 150.0 141.8 152.1 .2 .1 .3 .5 .4 .5 2.7 1.5 3.0 86.9 63.9 107.5 139.2 185.2 163.3 136.0 139.1 184.9 163.0 135.5 .1 .2 .2 .4 .3 .5 .6 .6 3.0 2.2 4.0 2.9 60.0 131.2 131.6 133.3 $0,790 $0,790 0 .3 - 1.4 -53.1 Purchasing power of the consumer dollar (1947-49=11.00) - - - ±/ Not available. 2J Includes house purchase, interest, taxes, insurance, and upkeep, not shown separately* J/ Includes house purchase, interest, taxes, insurance, and upkeep services; shoe repairs, television repairs, barber and beauty shop services, and novies. TABLE 2s Consowr Rrioe Index—411 items indexes and peroent changes, eelected dates U.S. oitgr average and 20 large cities 4 1bdeass Hear 1939 May 1960 August 1959 Tear 1939 August 1960 May 1960 August 1959 - 126.6 126.3 124.8 59.4 - 130.3 125.6 129.2 125.3 126.8 129.6 124.3 129.8 124.9 126.4 128.3 123.7 127.5 123.0 124.4 58.6 59.0 60.4 60.1 59.2 August 1960 May 1960 August 1959 127.4 126.1 121.8 129.8 123.2 127.1 125.1 122.1 129.7 123.1 125.8 124.8 121.2 128.9 122.0 July 1960 April 1960 July 1959 Year 1939 April 1960 July 1959 Tear 1939 128.7 127.9 127.5 128.9 127.5 128.3 126.6 127.1 127.9 127.5 125.6 126.0 125.4 125.7 126.1 61.0 61.7 60.7 58.1 58.3 .3 1.0 .3 .8 0 2.5 1.5 1.7 2.5 1.1 111.0 107.3 110.0 121.9 118.7 June 1960 March 1960 June 1959 Tear 1939 March 1960 June 1959 Tear 1939 127.1 128.3 124.6 127.2 132.4 126.7 127.7 123.6 126.3 131.6 125.5 126.6 123.1 126.3 129.6 58.3 57.9 58.4 59.3 58.6 .3 .5 .8 .7 .6 1.3 1.3 1.2 .7 2.2 118.0 121.6 113.4 114.5 125.9 City United States city average- Fsroent change to current month flra1 — (1947-49=100) 0.2 1.4 113.1 .5 1.0 .5 .3 .3 1.6 1.5 1.3 1.9 1.9 122.4 112.9 113.9 108.5 114.2 Tear 1939 May 1960 August 1959 59.2 59.5 58.5 59.2 60.4 .2 .8 .2 .1 .1 Cities prioed Monthly j/ ChioagoDetroit— Loa AngelesHev Tiork PhiladelphiaCities prioed in February, May, 2/ August, November Cleveland————— Houston Scranton-— Seattle Washington, D.C. — — - Cities prioed in January, April, July, October 2/ Boston— —-< Kansas City— Minneapo 1 i s — — < Pittsburgh-Portland, Oregon Cities prioed in March, June, September, December 1/ Atlanta—Baltimore-Cincinnati St. Louis San Francisco— - - 1.3 1.0 0.5 .7 1.0 Tear 1939 115.2 111.9 108.2 119.3 104.0 2/ Bents prioed bimonthly. 2/ Foods, fuels, and a few other items prioed monthly; rents and other oonodities and servioes prioed quarterly. TLBXM 3 s Consumer Price Index—Percent changes from July 1960 to August 1960 U.S. city average and five cities prioed monthly All itans and commodity groups City felted States city average— Chicago Detroit i — Bev York Philadelphia itmm Food 0 - 0.1 - .2 - .2 .4 - .1 Apparel 0.2 0.2 0.2 0.2 .1 .2 .1 .3 .2 .4 .1 .4 .4 .3 .3 .2 .2 .1 .1 .1 .4 .1 0 0 Housing - 0.4 - .8 .5 .9 .5 .1 - - ?tsfling Medical Personal and oare oare recreation Transportation ill - - - 0.3 0.2 .1 .2 .1 .1 .1 0 .1 .2 1.0 0 Other goods k services 0.2 - .3 0 0 .1 .2 T A B U At Consmer Prioe Index—111 ltesu and ocmk*lity group* August 1960 indexes and percent changes, May 1960 to August 1960 U.S. city average and 10 cities priced in U.S. Chicago CleveCity land Average Qtremp Houston Detroit Los Angeles New York ' Phila- Scran Ion Seattle Washingdelphia ton, D.C. Indexes (19*7-*9»100) 126.6 130.3 127.4 125.6 126.1 129.2 125.3 126.8 121.8 129.8 123.2 Food at h o M — — Cereals and bakery products — Meats, poultry, and fish Dairy products Fruits and vegetables Other foods at hose — — — — ; 120.1 117.4 137.7 111.3 116.6 127.3 106.5 118.4 115.8 131.3 104.7 121.7 127.9 111.4 116.7 113.9 131.2 106.7 110.1 123.0 109.0 120.0 117.4 128.7 106.4 115.4 139.4 . 106.3 115.8 112.7 128.2 105.5 114.9 126.4 101.4 125.5 119.4 148.4 111.3 113.9 133.4 106.3 122.5 118.8 147.8 112.6 119.0 125.0 106.1 123.0 119.7 139.3 112.9 120.6 129.8 106.6 114.8 112.8 134.8 108.6 109.9 114.9 104.2 123.1 120.4 148.2 115.4 119.9 130.2 105.2 120.1 117.6 136.1 108.8 121.6 121.0 111.2 140.6 126.7 141.9 116.3 126.3 107.9 125.7 131.2 138.3 134.3 99.6 144.9 102.6 128.2 129.9 134.7 121.9 136.4 105.2 137.8 125.6 130.0 137.0 101.4 139.2 130.9 161.4 124.1 139.6 98.9 125.7 137.9 Oas and electricity Solid fuels and fuel oil Housefurnishings — Household operation 131.5 141.9 124.9 133.4 103.5 137.6 106.7 121.1 109.6 143.6 124.4 133.5 121.3 133.0 97.6 122.1 133.3 150.9 86.7 138.6 103.4 138.0 121.6 132.9 136.8 132.3 99.8 134.9 109.3 110.5 99.7 139.9 93.1 113.5 117.1 101.9 143.0 97.9 110.2 115.0 99.2 134.9 96.8 106.1 109.6 94.3 136.8 85.9 113.2 110.5 106.6 145.4 90.9 110.8 112.5 101.5 141.6 85.9 108.0 109.9 97.0 140.9 97.0 107.9 111.1 96.2 140.7 95.1 112.9 113.4 104.0 146.3 94.2 111.7 114.9 100.6 145.8 89.6 105.9 110.1 96.6 131.6 91.2 146.2 134.4 200.7 156.4 137.0 205.7 141.9 132.9 181.9 141.0 133.8 179.4 146.8 139.4 198.9 142.4 135.7 186.5 146.9 128.2 191.4 153.5 133.4 193.4 144.9 131.3 191.9 148.3 136.2 189.6 146.3 137.7 179.1 156.7 133.8 Beading and recreation — — — — 121.9 Other goods and services 132.4 168.2 138.1 125.3 122.6 174.0 135.1 131.0 137.3 162.5 141.2 119.8 140.2 138.5 141.5 119.8 137.9 152.6 134.3 102.7 133.8 143.9 123.7 126.4 133.4 161.3 144.1 123.5 132.7 133.7 144.6 156.1 123.7 159.4 143.0 120.7 143.3 154.3 131.9 122.4 138.0 0.1 P — — — — — E b ? S and boys' Women's and girls' — Other apparel - — Transportation — — — — Medical care — — Percent change All l t m — Food at feoae — Cereals and bakery products Meats, poultry, and fish — Dairy products — — — — — — Fruits and -vegetables — — Otter foods at hone Oas and electricity — Solid fuels and fuel oil louse furnishings — — Iousehold operation — P M s a % and boys1 WOMB'S and girls' — Other apparel Transportation — — — — — — — — — — — FUrsoael care -----Beading and recreation — — — Otter goads and services — — — — 1/ 0.1 .5 .5 .5 .7 .6 - 4.2 - .1 .6 .6 4.0 - .5 3.0 - 2.9 1.6 1.1 1.0 1.8 1.4 1.9 - 3.6 3.5 - .9 - 1.3 .4 .5 0 -11.3 2.9 .4 .2 .1 2.8 .2 - 5.2 1.9 .2 .3 2.3 - .2 1.2 - 7.5 3.1 - 1.4 - .2 .3 - .2 - 4.3 - .1 0 - 1.9 - .5 1.3 .6 .3 0 2.<J - .5 0 0 .1 0 0 - .3 2.1 - - 1.9 - .7 .5 1/ .2 1.1 - .1 .2 - .1 0 .7 .3 .1 .3 .2 .8 .2 .1 0 - - .3 .3 1.5 1.5 1.4 - 4.2 1.5 1.0 1.0 .2 1.3 1.2 1.6 .8 .3 .4 2.4 1.5 0 - 4.4 1.8 0.8 .9 2.8 2.5 2.1 - 3.5 .5 1.2 1.4 2.1 1.3 - .6 5.1 - .1 .2 .4 .2 .4 .8 .3 .4 - .1 .4 0 2.2 - .6 - .1 - .2 1/ .1 - .1 .7 - 1.3 .1 .4 .8 .1 0 1.0 .4 1.2 - .1 .7 .1 .3 .3 0 3.9 4.8 0 7.0 8.1 0 .5 4.9 0 1.6 1.7 5.5 2.7 .2 .6 .7 .3 - - - .4 .7 .3 .1 .1 1.0 ' 1.0 1.8 - .6 .1 .4 .4 .7 1.2 1.6 0 .5 .5 .4 .4 .1 .1 - .3 - 1.1 Change from June 1960 to August 1960. - 0.2 0.8 — — — — — — — — 0.3 1.0 0 .4 .9 .5 - 1960 to August 1960 0.3 0.2 — — — tram May 0.5 0.2 I — 141.6 - 0.5 - .9 0 / .4 .8 . .1 .2 .1 - Q - .4 .7 .5 .2 .2 - .7 .8 0 - .8 - 1.1 0 9 0 .1 .5 - 1.2 1.0 - 0. - - .2 .4 .6 0 0 - .8 - 1.0 0 - 1.3 - 1.5 0 #4 #1 !3 .1 - !3 .6 .2 0 - - - - .1 .7 .6 .3 0 .9 .9 0 .8 .1 • .2 .1 - - .2 .7 0 .2 .2 .3 .6 3.0 .4 .6 .2 .3 .3 0 .2 .4 1.2 6 TABLE 5: Consumer Price Index — Food and its subgroups August 1960 indexes and percent changes, July 1960 to August 1960 U.S. city average and 20 large cities (1947-49-100) Total Cereals and Meats, poultry, food at hoaie and fish bakery products Percent Percent change change Total food City Percent change — 120.1 - 0.4 117.4 Atlanta — — - — - — Baltimore - — -Boston Chicago —Cincinnati — Cleveland — Detroit -Houston Kansas City Los Angeles 118.1 .6 .4 .4 .8 .9 .3 .5 .2 .9 .9 116.3 116.6 116.5 115.8 117.8 113.9 117.4 112.7 109.8 119.4 .2 .5 - .1 - 1.7 115.2 118.8 119.7 119.1 117.5 114.7 120.9 U.S. city average Minneapolis New York — Philadelphia Pittsburgh Portland, Oreg. --—St. Louis —' San Francisco Scranton Seattle Washington, D.C. --— 120.7 119.9 118.4 120.0 - 115.8 112.9 125.5 - 120.8 116.7 118.7 122.5 123.0 - 120.4 119.6 124.0 114.8 123.1 - 1.1 121.0 120.1 - .3 .6 .8 .1 .7 112.8 120.4 117.6 TABLE 6: Cereals and bakery products: — Rolled oats 5 lb. 20 »z« 15 ez. ^# 13 Corn flakes 12 Rice, short grain lb. Rice, long grain it. Bread, white i».. Soda crackers ib. Vanilla cookies 7 Meats, poultry, and fish: Round steak ib. Sirloin steak lb. Chuck roast lb. Rib roast ib. Hamburger lb. Veal cutlets lb„ Pork chops, center cut lb. Pork roast lb. Bacon, sliced lb. Ham, whole lb. Lamb, leg l®. Frankfurters lo. Luncheon meat, canned 12 «z# Frying chickens, ready-to-cook - lb. Ocean perch, fillet, frozen lb. Haddock, fillet, frozen lb. Salmon, pink, canned 16 «z. Tuna fish, canned 6 ti »z, Dairy products: Milk, fresh, (grocery) qt. Milk, fresh, (delivered) qt. Ice cream-—----- £ gal. Butter lb. Cheese, American process £ ib. Milk, evaporated 14fc-ez. eaa Fruits and vegetables: Frozen: Strawberries 10 tt. Orange juice concentrate — 6 as. Lemonade concentrate —----- 6 es. Peas, g r e e n - - — - — - - - — — 10 ®z. Beans, green 9 #B# Potatoes, french fried ----- 9 •«. Fresh: Apples -----Ik. Bananas — — ib. Oranges, size 200 des. Lemons - - — — — — — — - - - - - - - - i b . * Priced only in season. 1/ Not available. 0.1 111.3 126.1 135.3 132.8 131.3 1.1 136.1 .3 131.2 .6 128.7 0 128.2 1 . 2 132.1 1.1 148.4 .3 0 .7 .1 0 .3 .1 .5 .7 .1 115.0 109.9 111.3 104.7 112.9 106.7 106.4 105.5 103.5 111.3 - - - - .4 .6 0 2.0 1.3 .3 .7 1.1 0 .9 0 .7 .3 .1 .1 .2 .2 .4 0 0 105.5 - .7 .6 .7 .9 134.5 147.8 139.3 137.2 141.3 125.8 151.6 134.8 148.2 136.1 112.6 112.9 112.1 111.9 106.7 117.8 108.6 115.4 108.8 0.5 116.6 0.7 1.6 116.8 .8 .1 .4 .1 .2 .6 .5 .6 .7 116.4 112.1 121.7 .4 .2 .1 .3 .7 109.7 119.0 1.0 .5 1.4 1.1 .5 116.8 110.1 115.4 114.9 111.2 113.9 120.6 118.3 122.0 105.9 117.7 109.9 119.9 121.6 2.5 1.3 .2 .4 .4 1.6 0 0 0 .9 Fruits and vegetables Other foods at hoae change 127.3 - 5.3 106.5 1.6 134.1 126.3 128.5 127.9 126.9 123.0 139.4 126.4 115.9 133.4 - 100.7 1.5 1.7 2.7 131.3 125.0 129.8 122.3 118.9 133.7 128.9 114.9 130.2 121.0 - 6.5 - .6 - 2.6 -11.9 - 6.0 - 4.6 - 6.1 - 7.3 -3.8 - 8.0 .4 4.0 7.4 5.9 6.2 4.7 6.9 2.8 5.8 6.9 106.8 105.0 111.4 109, 109, 1.2 1.0 2.3 106, 1.2 101, 99, 106, .1 .4 .9 1.6 110.6 106.1 106.6 2.4 115.9 107.7 111.8 105.6 104.2 105.2 111.2 1.2 2.1 .4 .4 2.1 3.1 1.8 2.7 Consumer Price Index — Average retail prices of selected foods U.S. city average August I960 Cent 8 Food and unit Flour, wheat Biscuit mix Macaroni Corn meal 137.7 - 0.4 Dairy products Percent change July 1960 Cents 55.7 27.0 23.1 13.1 55.7 26.9 23.1 13.1 25.8 25.8 20.5 20.5 29.0 24.4 20.5 29.0 24.4 22.1 18.6 105.6 109.4 60.8 82.0 52.2 140.1 89.8 64.2 71.0 61.6 73.5 63.2 50.0 43.0 47.2 55.3 66.1 32.9 24.7 26.0 86.6 74.1 33.9 15.8 26.7 22.1 13.0 20.0 23.0 19.8 (I/) 15.4 82.1 18.7 22.1 18.6 20.6 105.7 109.8 60.6 82.3 52.9 141.1 89.6 63.7 67.5 61.5 75.1 61.8 50.4 43.8, 47.3 55.4 65.9 32.8 24.4 25.8 86.3 74.0 34.0 15.7 26.6 22.0 13.3 19.9 23.0 19.8 22.5 14.6 78.4 18.1 Food and unit Fresh—Continued Grapefruit * — eaoh Peaches * lb. Strawberries * pt. Grapes, seedless * lb. Watermelons * lb. Potatoes 10 lb. Sweet potatoes lb. Onions lb. Car rot 8 lb. Lettuce bead Celery lb. Cabbage lb. Tomatoes lb. Beans, green lb. Canned: Orange juice 46-*z. eaa Pineapple juice 46 es. •«• Peaches — eaa Pineapple eaa Fruit cocktail *303 eaa C o m , cream style j*303 eaa Peas, green ^303 eaa Tomatoes 1*303 eaa Tomato juice 46 »z. eaa Baby foods 5 «z. Dried: Prunes lb. Beans is. Other foods at home: Tomato soup lofc te 11-az. eaa Beans,with pork------ 15-ez. eaa Pickles, 81 iced 15 »z. Catsup, tomato - — - — , — * — 14 «z. Potato chips 4 az. Coffee lb. e»a Coffee lb. bag Tea bags pkg. ef 16 Cola drink, carton 36 ez. Shortening, hydrogenated — 3 ib. Margarine, colored lb. Lard lb. Salad dressing pt» : Peanut butter lb. Sugar 5 lb. Corn syrup — 24 ec. Grape jelly — - 12 Chocolate bar 1 as. Eggs, Grade A, large d*z. Gelatin, flavored --3 te 4 az August I960 Cents July I960 Cent 8 15.4 14.6 15.8 17.1 23.5 3.7 70.6 17.3 32.9 4.3 77.5 a/) 15.8 16.3 13.4 8.4 21.1 19.6 15.6 42.6 32.9 33.9 38.1 27.1 19.2 42.4 33.1 33.7 38.0 27.1 19.2 20.8 16.3 32.0 10.1 21.0 16.1 32.1 10.1 10.2 18.2 14.8 9.0 30.6 20.7 10.0 39.6 16.5 39.6 12.5 14.8 26.4 22.6 27.3 74.9 58.1 24.5 30.1 81.8 26.7 19.2 36.0 55.6 58.6 26.7 28.7 5.1 56.2 9.3 12.5 14.8 26.4 22.7 27.2 76.2 60.0 24.5 30.0 16.6 80.6 26.7 18.8 36.1 55.6 57.4 26.6 28.7 5.1 51.6 9.3 LABOR - D. C. 7 Brief Explanation of the CPI The Consumer Price Index (CPI) measures average changes in,prices of goods and services usually "bought by city families of wage earners and clerical workers. It is based on prices of about 300 items which were selected so that their price changes would represent the movement of prices of all goods and services purchased by wage and clerical families; they include all of the important items in family spending. Prices for these items are obtained in k6 cities which were chosen to represent all urban places in the United States; they are collected from grocery and department stores, hospitals, filling stations, and other types of stores and service establishments which wage-earner and clerical-worker families patronize. Prices of foods, fuels, and a few other items are obtained every month in all k6 cities. Prices of most other commodities and services are collected every month in the 5 largest cities and every 3 months in other cities. Mail questionnaires axe used to obtain local transit fares, public utility rates, newspaper prices, fuel prices, and certain other items which change in price infrequently. Prices of most other goods and services are obtained by personal visits of the Bureau's trained representatives. In calculating the index, price changes for the various items in each city are averaged together with weights which represent their importance in family spending. City data sure then combined in the total index with weights based on the 1950 populations of cities they represent. Index numbers are computed on the base 19^7-^9 « 100. The national index (the United States city average) includes prices from the 20 large cities for which separate indexes are published in this report, as well as from the following 26 medium-sized and small cities: Anna, Illinois Camden, Arkansas Canton, Ohio Charleston, W. Virginia Evansville, Indiana Garrett, Indiana Glendale, Arizona Grand Porks, N. Dakota Grand Island, Nebraska Huntington, W. Virginia Laconia, New Hampshire Lodi, California Lynchburg, Virginia Madill, Oklahoma Madison, Wisconsi: Pulaski, Virginia Ravenna, Ohio Rawlins, Wyoming San Jose, California Sandpoint, Idaho Shawnee, Oklahoma Shenandoah, Iowa Youngstown, Ohio Comparisons of city indexes show only that prices in one city changed more or less than in another. The city indexes cannot be used to measure differences in price levels or in living costs between cities. A description of the index and historical tables of index numbers for the United States city average and for 20 large cities are available on request to the Bureau of Labor Statistics in Washington or any of its regional offices (addresses below). The historical tables include index numbers for All Items, Food, Apparel, and Rent for periods from 1913 to date; and for other groups of goods and services from 1935 to date. BLS Regional Offices Atlanta 1371 Peachtree Street, N. E. Zone 9 New York Chicago San Francisco Boston 3^1 Ninth Ave. 105 West Adams St. 630 Sansome St. 18 Oliver St. Zone 1 Zone 3 Zone 11 Zone 10 LABOR - D. C.