Full text of CPI Detailed Report : July 1972
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
the consumer price index for July 1972 U.S. DEPARTMENT OF LABOR James D. Hodgson, Secretary BUREAU OF LABOR STATISTICS Geoffrey H. Moore, Commissioner OFFICE OF PRICES AND LIVING CONDITIONS Joel Popkin, Assistant Commissioner CONTENTS Price movements Charts 1—4. Consumer price indexes for all items and major components, and rates of change over 1-, 3-, 6-, and 12-month spans Table 1. a monthly report on consumer price movements including statistical tables and technical notes. Table 2. Table 3. Table 4. Table 5. Table 6. Table 7. Table 8. 5 CPI—United States city average for wage earners and clerical workers, by commodity and service groups, and expenditure classes 9 CPI—United States and selected areas for urban wage earners and clerical workers, all items most recent index and percent changes from selected dates io CPI—United States and selected areas for urban wage earners and clerical workers, major groups, percent change from June 1972 to July 1972 . . . \\ CPI—United States city average for urban wage earners and clerical workers for selected groups, seasonally adjusted n CPI—United States and selected areas for urban wage earners and clerical workers, commodity groups, July 1972, and percent charfges from April 1972 . 12 CPI—United States and selected areas for urban wage earners and clerical workers, food and its subgroups, July 1972, and percent changes from June 1972 13 CPI—United States city average for urban wage earners and clerical workers, food items, and percent changes from selected dates 14 CPI—United States city average for urban wage earners and clerical workers, for selected items and groups, July 1972, and percent changes from selected dates 16 The Consumer Price Index The Consumer Price Index rose 0.4 percent in July to 125.5 percent of its 1967 base. Almost two-thirds of the rise was due to higher prices for food, particularly meats. The July Index was 3.0 percent higher than it was a year ago. After seasonal adjustment, the July increase was also 0.4 percent. In July, the food index, which includes both food purchased in grocery stores and restaurant meals, ni , , j. , j t . r i, n rose 0.6 percent on a seasonally adjusted basis, following an increase of 0.2 percent in June. The index for nonfood commodities, which held steady in June, rose 0.3 , . T ! c, , ,. . , r™ charges for services rose at a slightly faster rate in the last 3 months compared with the February-April period, Seasonally adjusted annual rates of change in the CPI before and since the Economic Stabilization Program began last August are as follows: 8 months before 3 months, Pn ase I, Phase I, December 1970 to August 1971 to August 1971 AM item u A • *u r- x i xu r* . •* 3.8 Food 1.9 - 50 1 7 Commodities less percent in July after seasonal adjustment. The services index increased 0.3 percent, the same as it had in June. In the 6-month period ending in July, the CPI rose at a seasonally adjusted annual rate of 3.2 percent. Prices in the last 3 months of the period rose at about the same +u * November 1971 food services \ '. 4.6 KI *u 3.1 8 months, Ph se * "', November 1971 to rate as they had in the first 3 months. Despite the acceleration in food prices from June to July, the increase was considerably slower in the 3 months ending in July than in the 3 months ending in April; the latter increase was influenced significantly by the large rise in food prices in February. Prices for nonfood commodities and 11 months, ' ' '- Phases and August 1971 to July 1 9 7 2 July 1972 3 3 2 9 A items " commodities less food Services - - 2.6 1.9 3.5 3.6 Table A. Percent changes in CPI and components, selected periods Changes in all items at seasonally adjusted compound annual rates Changes from preceding month Month Commodities less food Food All items Unad- Seasonally justed adjusted Unad- Seasonally justed adjusted Services Unadjusted Seasonally adjusted Unadjusted From 3 mos. ago From 6 mos. ago From 12 mos. ago July 1971 . . . August September . . October November . . December .. 0.2 .2 .1 .2 .2 .4 0.3 .3 .1 .2 .2 .3 0.5 .2 -.8 -.2 .1 1.1 0.2 .3 -.3 -.1 .8 .6 -0.1 .1 .3 .5 .1 0 0.2 .3 0 0 0 .2 0.5 .5 .3 .2 .3 .3 4.8 4.1 3.0 2.6 1.9 2.6 3.8 4.0 3.9 3.7 3.0 2.8 4.4 4.4 4.0 3.6 3.5 3.4 January 1972 February . . . March April May ....... June July .1 .5 .2 .2 .3 .2 .4 .3 .6 0 1.6 .2 0 -.1 .6 1.0 -.1 1.8 0 -.1 -.1 .2 .6 -.3 .1 .3 .3 .6 .2 0 .2 .3 .2 .2 .5 .5 .2 .2 .3 .2 .3 .3 3.2 4.8 3.6 3.1 2.1 2.2 3.3 2.9 3.4 3.1 3.2 3.5 2.9 3.2 3.4 3.7 3.5 3.4 3.2 2.9 3.0 0 .2 .3 .1 .4 0 .3 Food The food index, which includes both food purchased in grocery stores and restaurant meals, rose 0.6 percent in July on a seasonally adjusted basis. The index rose 0.2 percent in June, after declining 0.1 percent in April and May. The index for food away from home—restaurant meals and snacks—rose 0.3 percent, the average monthly increase this year. Before seasonal adjustment, the index for food purchased in grocery stores rose 1.2 percent in July and 0.8 percent after seasonal adjustment, considerably more than it had in June. Three-fourths of the July rise resulted from higher prices for meats and poultry. Egg prices also rose sharply, and fresh fruits and vegetable prices were higher. Prices for most other food purchased in grocery stores declined. The July increase of 2.7 percent for beef and 5.1 percent for pork were sharper than usual for this time of the year. The July rise in retail meat prices was not unexpected in view of sharp advances at the wholesale level in May and June. However, rising meat prices caused consumer resistance to set in, and partly because of this weakening in demand, wholesale beef prices held almost steady in July instead of advancing sharply as they usually do. Wholesale pork prices continued to rise in July, because hog slaughter and pork production declined during June. Retail poultry prices rose 2.7 percent in July. The increase, which was more than seasonal, reflected higher prices at the wholesale level. Poultry prices at wholesale recorded a large rise in June and an even sharper gain in July mostly because of strong demand. Except for the sharp rise in July and in February, retail poultry prices have been relatively stable since July 1971. Prices this July were 0.3 percent lower than they were in July 1971. In contrast, beef and pork prices were sharply above year-earlier levels in July. Egg prices in grocery stores rose 8.2 percent in July, somewhat more than they usually do. In June, egg prices declined sharply. These monthly fluctuations tend to obscure the trend in egg prices which has been downward since early 1970. The declines, however, have been smaller this year than they were in 1970 or 1971 because of smaller production caused by reductions in laying flocks. In May and June, production was down 2 percent from a year earlier, the first year-to-year decline since June 1970. Cold storage holdings at the end of June, however, were ur/61 percent from the end of June 1971, and prices this July/were 3.1 percent below yearearlier levels. Fresh fruit and vegetable prices, which are also highly volatile, continued to move up in July. Fresh fruit prices rose 2.6 percent, slightly less than usual for July. Prices of apples and citrus items rose due to seasonal declines in supplies, and table grapes were introduced into the index for the first time this season at higher prices than prevailed at the end of the season in 1971. Banana and watermelon prices fell sharply. Fresh vegetable prices increased 0.6 percent—a contraseasonal rise—as adverse weather conditions and reduced plantings curtailed supplies of onions, potatoes, asparagus, and celery. Prices for carrots, lettuce, and tomatoes declined as production rose. Prices of dairy products declined contraseasonally for the third consecutive month as milk production continued to outpace consumption. Prices of cereal and bakery products also declined in July for the third straight month. Corn flakes prices continued to move down because of large corn supplies; flour prices declined as a result of slow demand; and bread prices were lower due to promotional sales. In late June, spot market prices for grains started to advance in anticipation of a large grain sale to the Soviet Union; this sale was confirmed on July 8th. Wholesale prices for wheat and flour advanced sharply in July. Prices declined in July for most other food items purchased in grocery stores. Large supplies of corn and soybeans and low export demand for crude and refined oils contributed to the decline in retail prices of salad and cooking oils. Promotional sales resulted in lower prices for nonalcoholic beverages, sugar and sugar-based items, baby food, and prepared or partially prepared foods such as instant and frozen potatoes. Although these prices at retail declined in July, wholesale prices for coffee, sugar, and chocolate coating increased sharply in June and July as a result of demand-supply imbalance in the world market for green coffee, raw sugar, and cocoa beans. In an effort to hold down retail coffee prices, the Cost-ofLiving Council announced a brief freeze from August 16 through September 1 on coffee prices at the factory level. This was followed by new controls effective on September 1, restricting manufacturers' markups and requiring price reductions in line with any future reductions in the cost of raw coffee. Commodities less food The index for nonfood commodities was unchanged in July, instead of declining as it usually does at this time of the year. On a seasonally adjusted basis, the index increased 0.3 percent after holding steady in June. Gasoline prices, which declined contraseasonally in June, rose sharply in July. The end of price wars in some cities, tighter supplies, and tax increases were factors contributing to the July increase. Used car prices continued to move up in July. However, the current uptrend, which accelerated from March to May, decelerated in June, and slowed further in July. The downtrend in new car prices continued, but the decline in July, as in June, was smaller than usual for this time of the year. Dealer concessions did not increase as much as usual because domestic new car sales established a new sales record for the fourth consecutive month. Prices for houses, some durable housefurnishings such as dinnerware, table lamps, and floor coverings, and home maintenance and repair commodities rose significantly in July. Dinnerware prices have moved up steadily this year as a result of wholesale price increases and import taxes. Large increases in table lamp prices in June and July reflected higher manufacturers' prices on new models. Rising costs for material and labor contributed to the increase in prices. The July increase for floor coverings resulted from increases granted by the Price Commission to carpet manufacturers this spring because of rising material costs. Prices for nylon fiber have moved up significantly as a result of strong demand and short supply of nylon carpet yarn. Retail sales for floor coverings which had been low in the 1970—71 period, have improved considerably this year as a result of the housing boom and the overall rise in economic activity. Rising materials costs, especially lumber, contributed to higher prices of commodities for home improvement and repairs. In the household appliance group, prices increased in July for ranges but declined for vacuum cleaners and air conditioners. Prices declined for furniture and lawn mowers as summer clearance sales continued. Prices for apparel declined slightly more than they usually do in July. Clearance sales on spring and summer clothing items were widespread. The decrease in footwear prices, however, was considerably smaller than usual. Although prices were lower for some footwear items, average prices for men's and children's footwear continued to rise as many stores passed on higher wholesale prices. Among other nondurable goods, prices of textile housefurnishings declined 0.7 percent in July as stores began summer white sales. Prices of alcoholic beverages, which declined in June, rose in July as sale prices were removed and some wholesale costs were higher. Prices of tobacco were unchanged after moving up sharply in the first 6 months of this year. The index for drugs and prescriptions, which rose in May and June, declined slightly. Services The index for consumer services rose 0.3 percent in July, the same as in June. About two-thirds of the July increase was due to higher charges for most household services. The 0.5 percent rise in the index for household services in July was more than the increase of 0.3 percent in each of the 3 preceding months. The acceleration in July was largely due to a sharp rise in property insurance rates and mortgage interest costs. The large increase in property insurance rates in July followed a decline in June and moderate increase in April and May. The index for property taxes, which decreased 0.1 percent in June, increased 0.1 percent in July. Increases earlier this year were considerably larger. Charges for housekeeping services rose 0.4 percent in July, slightly more than in June because of a large increase in charges for babysitters' services. The July increase of 0.4 percent for home maintenance and repairs was about the same as it was in the preceding 4 months. Charges for most utility services showed little change in July. Charges for gas showed no change after declining sharply in June. Telephone services increased 0.1 percent, following a substantial increase in June, and electricity charges decreased slightly following sharp increases since December 1971. The July decrease in electricity bills reflected lower fuel costs resulting from a temporary surplus of residual fuel and bituminous coal. The increase of 0.8 percent in water and sewerage charges was slightly smaller than earlier increases this year. The index for medical care services rose 0.3 percent in July, the same amount as it had in June. Physicians' and dentists' fees rose 0.1 and 0.2, respectively, the same as in May and much less than in June. Charges for hospital services and health insurance rose 0.4 percent, compared with 0.2 percent in June and 0.3 percent in April and May. The most significant price advances, 0.8 percent for operating room charges and 0.6 percent for semiprivate room rates, were mainly due to increased labor costs. The index for transportation services rose 0.2 percent after rising 0.1 percent in each of the preceding 3 months. Auto insurance rates increased 0.3 percent in July following declines in April and May and a slight rise in June. Higher liability rates in several cities resulted in the rise. Charges for auto repairs and maintenance rose 0.2 percent as prices for replacement parts and labor charges were higher. The July increase was the same as the increase during the preceding 3 months and considerably less than in the first 3 months of the year. Parking fees, which increased sharply in May and June, rose only 0.1 percent in July. Local transit fares rose 0.3 percent in July compared with 0.5 percent in June. Diffusion of individual price changes Approximately 120,000 individual prices were collected directly by the Bureau of Labor Statistics in July for use in the index. Approximately 80 percent of these quotations represent monthly comparisons. As can be seen from the following table, 72 percent of these monthly comparisons remained unchanged, 10 percent decreased, and 18 percent increased between June and July. The proportion of prices increasing was larger than in June and the largest since February. An increase in the number of commodity prices rising, particularly food prices, was primarily responsible for the overall rise. For the services component, the proportion rising was slightly less than last month. The July index also includes 23,000 price comparisons to July from periods before June of which 18,000 cover the quarterly span from April to July. About 13 percent of these increased, the same proportion as in last month's index. In addition, a little less than 5,000 rental units were surveyed in July and about 19 percent of these reported rent increases from January. About 2.5 percent of the 5,000 units reported increases between June and July. Table B. Percent distribution of monthly price comparisons1 Item All items 2 January to February February to March March to April April to May May to June June to July 100 100 100 100 100 100 Increases Decreases No change 22 8 70 15 10 75 14 12 74 13 12 75 15 11 74 18 10 72 Food at home 100 100 100 100 100 100 Increases Decreases No change 24 9 15 13 72 14 13 73 17 12 71 20 11 67 16 12 72 100 100 100 100 100 100 8 7 85 10 5 7 7 6 7 8 7 85 86 8 6 86 87 85 100 100 100 100 100 100 8 3 89 3 1 6 4 90 7 5 88 5 3 92 4 3 93 Commodities less food Increases Decreases No change Services Increases Decreases No change 96 69 Regulations of the Economic Stabilization Program permit certain types of increases, but it is not possible to determine whether allowable increases accounted for all increases shown in the above table. Based on approximately 98,000 individual price quotations. CHART 1. ALL ITEMS INDEX AND ITS RATE OF CHANGE, 1963-72 (1967=100) SEMILOG 135 130 125 120 115 110 105 JUL 125.5 CPI flLL ITEMS INDEX (NOT SERSONflLLY flDJUSTED) 100 95 90 PERCENT CHflNGE OVER 1-MONTH SPflN [SEflSONflLLY flDJUSTED) 85 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0 -0.1 JY PERCENT CHflNGE OVER 3-MONTH SPflN [flNNUflL RflTE. SEflSONflLLY flOJUSTEO) flRITH. SCflLE JUL 3.3 3RITH. 5CRLE 8 PERCENT CHflNGE OVE;R 6-MONTH SPflN (RNNUflL RflTE. SEflSONflLLY flOJUSTEO) SCf PERCENT CHflNGE OVER 12-MONTH SPflN 1/ i,,I,,i, 1963 1964 1965 1966 1/ Computed from the unadjusted series. UNITED STATES DEPARTMENT OF LABOR BUREAU OF LABOR STATISTICS 1967 1968 1969 ,!,,!,.I,, 1970 1971 1972 CHART 2. TOTAL FOOD INDEX AND ITS RATE OF CHANGE, 1963-72 (1967=100) SEMILOG 135 130 125 120 115 110 105 CPI TOTRL FOOD INDEX SEflSONflLLY ROJUSTEO) 100 95 PERCENT CHflNGE OVER 1-MONTH SPflN (SEflSONflLLY flOJUSTED) 90 85 PERCENT CHflNGE OVER 3-MONTH SPflN (flNNUflL RflTE. SERSONflLLY flDJUSTED) Fdll12 10 8 6 4 2 0 -2 -4 PERCENT CHflNGE OVER 6-MONTH SPflN flNNURL RflTE. SEflSONflLLY flOJUSTED) flRITH. SCflLE Q PERCENT CHflNGE OVER 12-MONTH SPflN 1 / 1903 1964 1965 1966 1967 IJ Computed from the u n a d j u s t e d s e r i e s . UNITED STATES DEPARTMENT OF LABOR BUREAU OF LABOR STATISTICS 6 1968 1969 1970 1971 1972 CHART 3. COMMODITIES LESS FOOD INDEX AND ITS RATE OF CHANGE, 1963-72 (1967=100) SEMILOG 135 130 125 120 115 110 105 100 CPI COMMODITIES LESS FOOD [SEflSONflLLY flDJUSTED) 95 90 85 PERCENT CHflNGE OVER 1-MONTH SPflN (SEflSONflLLY flDJUSTED) 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0 -0.1 -0.2 -0.3 PERCENT CHflNGE OVER 3-MONTH SPflN (flNNUflL RflTE. SEflSONflLLY flDJUSTED) RRITH. SCflLE 6 JUL 3.1 4 2 0 -2 PERCENT CHflNGE OVER 6-MONTH SPflN (flNNUflL RflTE> SEflSONflLLY flOJUSTED) TO" SCF ARITH. SCflLE PERCENT CHflNGE OVER 12-MONTH SPflN 1/ JUL 2.1 1963 i»iiIiiii iiiiInii 1964 1965 1966 1/ Computed from the unadjusted s e r i e s . UNITED STATES DEPARTMENT OF LABOR BUREAU OF LABOR STATISTICS 1967 1968 1969 1970 1971 1972 CHART 4. SERVICES INDEX AND ITS RATE OF CHANGE, 1963-72 (1967=100) SErtlLOG 135 130 125 120 115 110 105 CPI SERVICES INDEX (NOT SEflSONflLLY flDJUSTEO) 100 95 90 PERCENT CHflNGE OVER 1-MONTH SPflN (NOT SEflSONBLLY RDJUSTED) 85 RRITH. SCRLE 12 1.0 0.9 0.8 0.7 0.6 0.5 0.4 0.3 0.2 0.1 0.0 -0.1 PERCENT CHflNGE OVER 3-MONTH SPflN (flNNUflL RflTE. NOT SEflSONflLLY flDJUSTED)) 10 8 JUL 3.4 6 4 2 0 PERCENT CHflNGE OVER 6-MONTH SPflN (flNNUflL RflTE. NOT SEflSONflLLY flDJUSTED) 10 JUL 3.1 RRITH. SCflL" RLE PERCENT CHflNGE OVER 12-MONTH SPflN JUL 3.6 1963 1964 1965 1966 1967 UNITED STATES DEPARTMENT OF LABOR BUREAU OF LABOR STATISTICS 8 1968 1969 1970 1971 1972 Table 1. Consumer Price Index—United States city average for and service groups, and expenditure classes Groups age earners and clerical workers, by commodity Relative Unadjusted indexes importance 1967=100 unless December otherwise noted July June 1972 1972 All items (1967=100) All items (1957-59=100) 125.5 145.9 125.0 145.4 62.59 121.2 120.7 Food Food at home Cereals and bakery productsMeats, poultry, and fish Dairy products Fruits and vegetables Other foods at home Food away from home 22.19 17.23 2.28 5.64 2.72 3.03 3.56 4.96 124.2 122.4 114.4 129.9 116.8 128.4 115.3 131.3 123.0 120.9 114.5 126.4 117.0 127.2 114.5 130.9 Commodities less food— Commodities- Unadjusted percent change to July 1972 from— June July 1972 1971 Commodity and service groups 0.4 .4 Seasonally adjusted percent change fromMay- AprilMay 3.0 3.0 2.6 1.0 1.2 - .1 2.8 - .2 .9 .7 .3 3.7 3.6 - .3 10.1 .7 1.9 - .3 3.8 - .3 2.1 - .2 .5 - .1 .2 .2 .2 - .2 .7 - .4 1.6 - .1 .2 .1 .7 .4 .2 1.4 .3 40.40 119.4 119.4 Nondurables less food Apparel commodities 1/ Men's and boys' Women's and girls' Footwear Nondurables less food and apparel Gasoline and motor oil Tobacco products Alcoholic beverages Fuel oil and coal Other nondurables 23.63 9.03 2.82 4.02 1.57 14.60 2.92 2.09 2.50 .67 6.42 119.3 121.3 120.4 121.2 124.6 118.2 108.1 134.0 119.6 117.7 117.9 119.5 122.4 121.9 122.6 124.7 117.9 106.8 134.0 119.1 117.8 118.0 - .2 - .9 1.2 1.1 - .1 .3 1.2 0 .4 - .1 - .1 2.2 1.5 .4 1.6 3.1 2.7 2.7 5.6 2.2 .2 2.3 Durables commodities Household durables New cars Used cars Other durables 16.77 4.83 2.12 1.98 7.84 119.6 115.3 111.0 112.7 127.2 119.2 115.1 111.3 2/ 112.0 126.2 .3 .2 - .3 .6 1.8 1.9 - 2.5 - .7 3.8 .2 .6* .8 1.8* 37.41 5.05 32.36 15.36 5.57 5.55 5.88 133.5 119.0 136.2 139.6 136.3 138.4 125-8 133.1 118.8 135.7 138.9 136.0 138.0 125.6 .3 .2 .4 .5 .2 .3 .2 3.6 3.1 3.8 5.4 1.5 3.0 2.6 .3* .2* .4* .3 .4 .1 .4 .3* .4* .3* .4 .1 .4 .1 .2* .2* .2* .6 .4 .2 .1 77.81 45.82 7.46 31.86 9.85 5.51 4.46 125.9 121.7 120.7 132.8 144.3 126.0 144.7 125.7 121.2 122.0 132.4 143.5 125.8 144.2 .2 .4 1.1 .3 .6 .2 .3 2.9 2.9 1.2 3.8 4.3 4.3 4.5 .2 .4 .2 .3* .6 .2 .2 0 .4 .2 .1 .2* .6 .5 .3 Services Services less rent Household services less rent Transportation services Medical care services Other services Special indexes: All items less food Nondurable commodities Apparel commodities less footwearServices less medical care^ Insurance and finance Utilities and public transportation Housekeeping and home maintenance service 2.1 .5 .2 .1 .2 .3 .5 .3 1.1 0* .4* .1 0 .6 •3 .4 - .2 .2 .3 .3 .3 - .2 - .8 .6* - .3* - .5 .2 .3 .3 .5 .4 - .2 .3* .6 .2 .3 .4 .2 .2 0 .2 .5 1.5 .4* .2* .3 .3 .3 .3 - .1 3.4* .3 Expenditure classes 0.4 0.4 125.5 .6 Food— 22.19 124.2 123.0 1.0 Housing Shelter _3/ 33.84 21.72 5.05 16.25 4.71 2.43 7.41 129.5 134.9 119.0 140.7 120.2 120.3 121.1 129.0 134.1 118.8 139.6 120.1 120.3 121.0 .4 .6 .2 .8 .1 0 .1 4.0 4.7 3.1 5.4 4.1 4.9 1.9 .4* .5 .2* .8 0 .3 .2 .4* .4 .4* .5 .3 .2* .5 .2* .4 .3 .3 .1 Apparel and upkeep 10.45 121.1 122.1 TransportationPrivate Public 13.27 11.80 1.47 120.3 117.8 143.3 #119.8 2/117.3 143.0 .4 .4 .2 .7 .3 3.1 .7 .7 .4 0 .1 .4 .5 .6 .4 Health and recreationMedical care Personal care Reading and recreation Other goods and services 19.87 6.46 2.58 5.71 5.12 126.3 132.7 120.0 123.0 125.8 126.1 132.4 120.0 122.9 125.6 .2 .2 0 .1 .2 3.0 2.6 2.5 2.8 3.8 .2* .1 0 .2 .2 .2* .5 .3 .3 0 .2* .2 .5 .1 .4 78.28 93.54 96.25 123.1 125.1 124.6 122.7 124.6 124.2 .3 .4 .3 2.6 3.0 3.0 .3 .4 .4 .2 .2 .2 .2 .2 .2 $0,797 .685 $0,800 Homeownership _4/ Fuel and utilities 5/ Gas and electricity Household furnishings and operation— Special indexes: All items less shelter All items less medical care All items less mortgage interest costs • Purchasing power of consumer dollar: 1967=$1.00 1957-59=$!.00 1/ Also includes infants' wear, sewing materials, and jewelry not shown separately. 1) Revised. 3/ Also includes hotel and motel rates not shown separately. hj Includes home purchase, mortgage interest, taxes, insurance, and maintenance and repairs. _5/ Also includes residential telephone, fuel oil, coal, water and sewerage service not shown separately. * Not seasonally adjusted. NOTE: Index applies to month as a whole, not to any specific date. 9 TABLE 2. Consumer Price Index--The United States and selected areas for urban wage earners and clerical workers, all items most recent index and percent changes from selected dates Indexes Are* 1/ pricing Schedule 2/ 1967=100 1957-59=100 Percent change from: Other bases June 1972 July 1972 April 1972 July 1971 U.S. City Average 125.5 145.9 0.4 1.0 3.0 Chicago Detroit Los Angeles-Long Beach N.Y.-Northeastern N.J. Philadelphia - 124.4 126.7 122.8 131.4 127.0 141.4 145.6 144.4 156.3 148.3 .2 .6 .9 .4 .4 .9 1.4 1.2 2.9 4.0 3.1 3.6 2.7 July 1972 April 1972 July 1971 152.2 143.2 145.5 144.3 0.7 .3 1.0 .6 3.4 3.2 3.0 3.0 February 1972 May 1971 3.9 3.4 3.5 3.1 3.6 139.6 146.3 1.0 .2 .7 .5 1.2 - .2 .7 June 1972 March 1972 June 1971 0.8 .5 1.3 - .2 1.2 .9 1.1 2.0 1.6 3.2 3.1 2.7 1.7 3.7 Boston Houston Minneapolis-St. Paul Pittsburgh 127.1 125.2 125.5 125.5 May 1972 Buffalo -Cleveland Dallas --Milwaukee San Diego Seattle --Washington Atlanta — Baltimore Cincinnati Honolulu Kansas City — St. Louis San Francisco-Oakland — - - 126.1 126.1 124.6 122.8 123.8 118.8 125.6 124.8 125.5 124.6 122.2 123.9 121.9 124.3 3/ 138.5 142.3 3_/ 134.7 138.6 4/ 130.1 143.5 145.7 141.4 5/131.7 147.1 142.4 147.9 J7 Area coverage includes the urban portion of the corresponding Standard Metropolitan. Statistical Area (SMSA) except for New York and Chicago where the more extensive Standard Consolidated Areas are used. Area definitions are those established for the 1960 Census and do not include revisions made since I960* 2J Foods, fuels, and several other items priced every month in all cities; most other goods and services priced as indicated: M - Every month. 1 - January, April, July, and October. 2 - February, May, August, and November. 3 - March, June, September, and December. 3/ November 1963=100. 4/ February 1965=100. 5/ December 1963=100. Note: The Consumer Price Index cannot be used for measuring differences in living costs among areas; it indicates price change within areas. Estimates of differences in living costs among areas are found in the family budgets. 10 Table 3. Consumer Price Index--United States and selected areas _1/ for urban wage earners and clerical workers, major groups percent changes from June 1972 to July 1972 Los Angeles- New YorkLong Beach Northeastern New Jersey U. S. city average Chicago Detroit All items 0.4 0.2 0.6 0.9 0.4 0.4 Food Housing Apparel and upkeep — Transportation • Health and recreation • Medical care Personal care Reading and recreation • Other goods and services 1. 0 .4 -.8 .4 .2 .2 .0 .1 .2 .3 .6 -2. 7 .9 .2 .4 (2/) 1.5 1. 1 .9 -.8 2. 1 .3 .6 (2/) .3 .1 1. 1 .2 -1. 1 .2 .3 -. 1 (2/) .5 .7 .7 -1.9 -.2 .8 .9 (2/) .2 1.2 Group 1 2 .1 .9 -.4 -. 3 .3 .1 (2/) -. 2 .2 Philadelphia See footnote 1, table 2. Not available. Table 4. Consumer Price Index—United States city average for urban wage earners and clerical workers for selected groups, seasonally adjusted (1967=100) Indexes Group Percent change to July 1972 from: 3 month 1 month ago ago July 1972 June 1972 April 1972 Food Food at home • Cereal and bakery products • Meat, poultry, and fish Dairy products • Fruits and vegetables Other foods at home 123.3 121.4 114.3 128. 7 116.7 123. 3 116. 7 122.6 120.4 114. 6 126. 0 116.9 122. 7 116.8 122.5 120.5 114. 9 126. 0 117. 9 120.5 116. 2 0.6 .8 -.3 2. 1 -.2 .5 -. 1 0.7 .7 -.5 2. 1 -1.0 2.3 .4 Fuel and utilities 1_/ Fuel oil and coal 120. 3 118. 2 120. 3 118. 3 119. 7 118. 5 0 -. 1 .5 -. 3 Apparel and upkeep _2/ • Men1 s and boys' Women' s and girls' Footwear 121. 121. 122. 125. 8 2 2 2 121.9 121. 5 122. 6 124.6 121. 121. 123. 124. 9 7 0 0 -. 1 -. 2 -.3 .5 -. 1 -.4 -. 7 1.0 Transportation • Private New cars — 120. 1 117.4 112. 3 3/119.3 3/116. 6 ~ 112. 1 118. 7 116. 0 111. 6 . 7 . 7 .2 1. 2 1.2 .6 Commoditie s Commodities less food Nondurables Nondurables less food Apparel commodities Durable s 121. 0 119. 5 121.5 119. 7 122. 2 119.4 120.5 119. 2 121. 0 119.5 122. 3 118. 7 119.9 118. 6 120. 8 119. 2 122. 3 117. 9 .4 .3 .4 .2 -. 1 .6 .6 .4 -. 1 1. 3 1 2 3 — Also includes telephone, water, and sewerage service not shown separately. Also includes infants' wear, sewing materials, jewelry, and apparel upkeep services not shown separately. Revised. 11 fable 5. Consumer Price Index—United States and selected areas 1/ for urban wage earners and clerical workers, commodity groups, July 1972, and percent changes from April 1972 Group U.S. City Average Los AngelesLong Beach Chicago MinneapolisSt. Paul ew YorkPhilafortheasterr delphia w Jersey Pittsburgh Indexes (1967=100) All items Cereals and bakery products Meats, poultry, and fish Dairy products Fruits and vegetables Other foods at home Food away from home Housing Homeownership Fuel and utilities Fuel oil and coal Gas and electricity Household furnishings and operation Apparel and upkeep Men's and boys' — Women's and girls' Footwear Transportation Private Public Health and recreation • Medical care Personal care Reading and recreation Other goods and services 125.5 127.1 124.4 126.7 125.2 122.8 125.5 124.2 122.4 114.4 129.9 116.8 128.4 115.3 131.3 124.0 122.7 113.2 131.9 116.5 129.5 113.0 128.9 124.3 123.1 113.1 131.9 116.3 127.6 116.1 129.1 124.2 123.3 115.7 133.7 113.0 126.1 114.4 128.7 124.8 121.2 110.1 128.2 118.4 128.4 115.0 137.5 121.3 120.8 111.2 131.1 114.9 124.3 114.2 122.6 125.3 123.4 123.4 131.7 117.1 124.2 117.8 133.7 129.5 126.5 117.2 133.4 119.7 136.0 116.6 139.2 124.0 121.0 112.7 128.1 118.4 126.5 111.5 136.7 123.0 121.2 111.2 127.5 115.5 130.7 114.8 134.1 129.5 134.9 119.0 140.7 120.2 117.7 120.3 121.1 133.3 141.7 129.3 147.3 117.9 117.1 120.3 125.7 125.1 129.8 113.3 137.2 115.1 113.4 115.4 117.3 134.5 144.7 (2/) 149.6 116.1 113.9 117.3 115.3 129.2 135.2 111.0 143.6 116.3 128.0 131.0 118.5 134.8 127.1 117.5 124.8 130.3 118.1 131.2 136.6 121.1 139.2 124.5 115.1 125.0 119.5 136.1 142.3 (2/) 154.8 124.8 120.4 123.5 126.6 131.1 140.5 124.6 144.7 117.7 111.9 122.4 122.1 130.7 139.0 117.0 145.3 120.1 _ 124.6 119.8 121.1 120.4 121.2 124.6 123.2 120.1 123.0 128.3 115.9 114.0 115.2 118.2 116.9 115.2 112.9 126.2 123.2 114.7 129.3 126.2 119.1 114.7 122.4 123.0 117.2 117.6 114.3 124.5 120.2 117.2 119.6 123.7 117.7 117.3 112.8 126.4 121.8 120.9 122.0 125.9 3/120.3 4/117.8 143.3 119.3 116.3 137.2 124.8 119.2 160.4 116.5 114.0 147.5 115.6 113.0 157.5 117.8 117.8 116.7 116.2 115.6 126.6 133.2 125.5 162.8 125.3 122.4 142.3 121.8 119.4 137.9 126.3 132.7 120.0' 123.0 125.8 128.0 134.5 121.7 129.2 123.4 127.7 131.6 (2/) 124.0 131.0 128.6 141.3 121.6 123.7 121.4 128.1 135.1 122.5 122.0 128.1 120.5 129.1 (2/) 113.9 119.3 126.6 125.9 119.5 128.4 128.5 131.7 140.2 (2/) 128.2 132.4 130.7 142.1 121.3 126.2 127.7 126.1 129:8 115.6 124.2 129.1 Percent changes from April 1972 to July 1972 All itei 0.7 0.9 1.2 1.4 -1.3 2.8 - .3 5.6 -2.1 1.1 1.6 1.9 -3.3 5.0 - .2 3.3 .3 .7 2.4 2.7 .3 4.0 -3.2 9.5 .0 1.3 1.0 1.4 .8 1.6 .3 - .8 .1 .5 - .6 - .6 -1.2 - .9 .4 .9 1.0 .9 1.0 .0 .3 - .1 .1 .1 - .7 -1.0 1.3 1.3 2.0 5_/.6 2.3 - .6 .0 -1.1 .4 -2.6 -2.6 -2.8 -5.1 1.9 1.9 2.0 (2/) 2.3 2.0 .0 1.3 1.0 - .3 - .3 -1.6 -1.1 2.4 1.4 1.5 .4 .5 .6 - .4 1.7 2.2 - .6 Food Food at home Cereals and bakery products Meats, poultry, and fish Dairy products r Fruits and vegetables Other foods at home Food away from home 1.5 1.7 - .5 3.2 - .5 5.2 Housing Shelter Rent — Homeownership Fuel and utilities — Fuel oil and coal Gas and electricity Household furnishings and operation Apparel and upkeep Men's and boys' Women's and girls' Footwear Transportation • Private Public Health and recreation • Medical care Personal care Reading and recreation — Other goods and services 1/ 2/ 3/ 4/ _5/ .6 .6 .4 .2 .4 1.0 - .2 U/) .4 1.2 0.8 0.6 1.0 1.2 -1.9 2.5 - .1 4.6 - .5 .2 1.8 2.4 - .5 4.5 .2 4.6 .8 .2 2.0 2.3 .7 3.7 2.0 5.0 - .5 1.6 1.7 .0 2.3 - .» 6.8 -1.4 1.7 - .2 - .4 -3.9 2.2 -1.6 2.8 -5.0 .9 .5 .5 -5.0 4.2 -3.4 4.6 -2.5 .5 1.0 .4 1.1 .2 1.6 1.9 5/.3 2.3 1.8 1.1 1.4 2.0 .3 - .9 - .9 -1.2 -2.0 .3 1.7 1.0 .0 2.2 .1 -2.7 -2.7 -5.4 -3.0 .0 2.3 3.5 5./.6 4.1 .9 .0 .7 .5 -2.3 -2.3 -4.2 -3.3 .5 1.6 1.9 .6 2.3 1.4 -4.5 .6 -2.3 -2.3 -1.9 -6.0 .9 1.2 .9 .2 1.0 2.0 .0 2.0 1.4 -1.3 -1.3 -3.3 -1.3 .2 2.0 .4 -1.8 -1.8 .9 -5.6 1.1 1.0 1.3 -1.0 .0 - .1 .7 1.8 1.8 1.2 1.8 1.8 .9 1.1 1.3 .2 1.1 1.4 - .1 1.0 1.3 - .3 .5 .6 1.8 .2 .1 .2 .1 - .2 .2 .2 .7 1.2 <;/, .5 .9 .0 .0 1.3 .9 1.2 .9 .7 .3 2.6 .6 2.0 .3 .6 - .6 See footnote 1, table 2. Not available. Revised index June 1972=119.8. Revised index June 1972-117.3. Change from May 1972. 12 .7 (1/) (in 1.6 1.5 Table 6. Consumer Price Index—United States and selected areas for urban wage earners and clerical workers, food and its subgroups, July 1972, and percent changes from June 1972 Food at home Area 1/ Total food Cereals and bakery products Meats, poultry, and fish Dairy products Fruits and vegetables Other foods at home Food away from home Indexes (1967=100) U.S. City Average 124.2 122.4 Atlanta Baltimore Boston Buffalo Chicago Cincinnati Cleveland Dallas Detroit Honolulu Houston Kansas City Los Angeles-Long Beach Milwaukee Minneapolis-St. Paul — N.Y.-Northeastern N.J.Philadelphia Pittsburgh St. Louis San Diego San Francisco-Oakland Seattle Washington 124. 3 125. 0 124. 0 124.4 124. 3 125.6 124.4 123. 0 124. 2 122. 1 124. 8 124. 1 121.3 120.9 125. 3 129. 5 124. 0 123. 0 123.5 124. 2 122.4 121. 1 126. 1 122. 0 123. 1 122. 7 123. 2 123. 1 124. 8 123. 8 120. 0 123. 3 118.9 121. 2 122.3 120. 8 119.5 123.4 126.5 121. 0 121. 2 121. 6 121.9 121. 3 119.2 122.7 114.4 118. 2 112. 1 113.2 114. 9 113. 1 117. 9 112.5 112.9 115. 7 106.3 110. 1 117. 1 111. 2 114.2 2/123.4 117.2 112. 7 111. 2 119.4 111.8 112.8 110.3 117. 8 129.9 116.8 128.4 115.3 131.3 126. 7 127.8 131.9 129.5 131. 9 129.4 130.5 128.6 133.7 123.4 128. 2 128.2 131. 1 127.7 131. 7 133.4 128. 1 127.5 126. 1 135.9 129.4 128.4 123. 7 118.3 118.7 116.5 116.9 116.3 119.8 121. 2 HI. 1 113. 0 118. 0 118.4 125.9 114.9 114.0 117. 1 119. 7 118.4 115.5 119. 7 114.5 115.5 115.8 112.8 131. 3 133.3 129.5 132.9 127.6 132.7 130.8 123. 1 126. 1 126.5 128.4 120.5 124.3 125.2 124.2 136. 0 126.5 130. 7 129.8 122.2 123. 1 118.3 135.7 114.9 117.5 113.0 115.4 116. 1 118.3 116.6 114.8 114.4 115. 0 115. 0 116.2 114.2 111.0 117.8 116.6 111.5 114.8 111. 0 112.4 115.9 115. 1 120.9 131.5 132.4 128.9 130.9 129. 1 128.3 127.5 134. 1 128.7 131.3 137.5 129. 7 122. 6 (2/) 133.7 139.2 136. 7 134. 1 132.2 (2/) 126.5 127.0 134.9 Percent changes June 1972 to July 1972 U.S. City Average 1. 0 1. 2 -0. 1 2.8 -0. 2 0.9 0.7 0.3 Atlanta Baltimore Boston Buffalo Chicago Cincinnati Cleveland Dallas — ——— — — — — Detroit Honolulu . Houston Kansas City Los Angeles-Long Beach Milwaukee Minneapolis-St. Paul N.Y.-Northeastern N . J . — Philadelphia Pittsburgh St. Louis San Diego San Francisco-Oakland — Seattle Washington .6 1.5 .9 1 0 . 3 1. 0 1. 2 .7 1.5 .7 1. 0 .7 1. 1 .7 1. 0 1. 1 .8 1.2 1.2 .6 1. 0 .6 1. 0 .7 1.8 1. 1 1. 0 . 4 1. 1 1.4 1. 0 1.9 .7 1. 3 1. 0 1.5 . 8 1. 1 1.5 1. 0 1.4 1.4 1. 0 1.2 .7 1. 5 .0 .2 . 1 -. 1 -.9 .8 .2 -.4 1. 0 .4 -.6 . 1 -. 3 -. 1 . 8 . 3 -1.9 -1. 2 -.5 -2. 1 . 1 . 1 -.4 2.4 2. 5 1.8 2.9 2. 2 3.6 3.8 3. 0 3.2 .2 2. 7 2. 1 2.9 2. 1 2. 2 2. 7 2. 1 4. 0 4. 1 2. 6 2.4 1. 7 1.6 -.6 . 1 .3 .0 .2 -.2 -1. 1 -. 5 -.3 -.5 4.4 3.0 -.2 -2. 1 -1. 0 1. 0 -1.3 1.4 3.6 2.4 .0 2. 1 .5 1. 0 2.2 2.6 1. 2 . 1 -.6 -. 1 .2 2. 1 .4 .4 -.8 .4 .3 .7 . 1 1. 1 2. 0 -.7 .6 1.5 1.2 .2 .8 .7 .5 .9 .8 2. 3 1.5 .9 1.9 . 1 . 1 .5 .5 .3 . 1 .3 . 1 . 0 .6 -. 1 . 1 .0 1/ See footnote 1, table 2. 2/ Not available. 3/ Revised index: May 1972, 122.5; June 1972, 122.4. 13 . 1 . 1 -.4 . 1 .4 -. 2 -.4 -. 2 -.7 .2 -. 1 . 1 -. 3 .9 an .2 . 3 . 1 .2 (2/) .3 . 1 . 1 Table 7. Consumer Price Index—United States city average for urban wage earners and clerical workers, food items indexes and percent changes from selected dates (1967=100) July 1972 Item or group Unadjusted Total food Food away from home Restaurant meals ?• Snacks Food at home Cereals and bakery products Flour --Cracker meal Corn flakes -Rice Bread, white Bread, whole wheat Cookies Layer cake Cinnamon rolls Meats, poultry, and fish Meats Beef and veal Steak, round Steak, sirloin Steak, porterhouse Rump roast Rib roast • Chuck roast Hamburger Beef liver Veal cutlets Pork Chops Loin roast Pork sausage Ham, whole Picnics Bacon Other meats Lamb chops Frankfurters Ham, canned Bologna sausage Salami sausage Liverwurst Poultry -Frying chicken Chicken breasts Turkey Fish Shrimp, frozen Fish, fresh or frozen Tuna fish, canned Sardines, canned Dairy products Milk, fresh, grocery Milk, fresh, delivered Milk, fresh, skim --Milk, evaporated Ice cream •-Cheese, American process Butter - 124.2 131. 3 131. 3 131. 1 122.4 114.4 99.2 135.9 100. 0 109.6 112. 7 119. 7 109.9 120.2 120. 7 129.9 131.3 139.4 137.3 136.9 139.2 135.6 141.0 138.4 138.7 133.0 164.5 124.0 130.7 130. 1 129. 1 113.9 122.7 116.3 124.0 131.6 124.4 113. 0 128.9 126.8 119. 3 111. 8 111.5 113.7 111. 6 142.0 136. 5 151. 5 133.3 146.6 116.8 116. 0 120. 3 121. 9 118. 1 106.5 124.5 104. 7 123.3 131.3 131.3 131. 1 121.4 114.3 99. 1 135.9 99.8 109.6 112.8 119.8 109. 1 120.3 120. 7 128.7 130. 1 138.0 136.5 133.6 135. 7 135.3 139.7 138. 1 137.7 131.4 162.7 121. 9 126.8 127.4 128. 1 115.6 122. 1 114. 1 123.9 129.7 124. 3 114. 6 128.3 126.4 118.9 109.5 108. 1 113.4 112. 0 142. 1 135.8 151.3 133.7 147.5 116. 7 116.2 120.4 121.9 117. 3 106.7 124. 1 104.8 See footnotes at end of table. Seasonally adjusted 14 .Tnnp 197? Seasonally adjusted Unadjusted 1.0 .3 .3 .1 1. 2 -. 1 -. 2 .0 -.3 .3 0.6 .2 .2 -.2 .8 -. 3 .0 .2 -. 7 .4 -. 3 .3 -.6 .4 .3 -.5 2.8 3.0 2.7 3.5 3.8 3.9 2.6 -.6 3. 1 4.5 1.5 .0 1.5 5. 1 9. 1 9.3 2.4 1.7 2.3 2.8 1.0 1.6 1.6 .2 .6 1. 1 .8 2. 7 3.6 1.2 .2 .5 .1 1.6 -.5 . 7 -.2 -. 3 .0 .0 -.6 -.2 .0 -. 1 -.2 . 3 -.5 2. 1 2.3 2.2 3.6 2.8 2.4 3. 1 2.6 4. 1 1.3 1. 3 1. 1 3. 1 5.4 6.3 2.0 2.3 .7 2. 2 1.0 .9 2.0 .8 .1 .8 .5 1. 7 2. 1 .8 .4 .6 -.4 1.5 . 0 1.2 -.2 -. 2 .0 . 1 -.8 -.2 .0 -. 1 July 1971 unadjusted 3.7 3.8 4.0 2.4 3.6 .3 -2. 1 3.9 -8.3 .0 -1. 1 1. 1 .0 -. 1 1.6 10. 1 11.6 10. 1 10.4 8. 1 8.7 10.-8 9.0 10.6 8.8 16.2 13.8 18.4 21.0 22.0 16.4 10.6 16.2 20.3 6.8 6.6 8.5 6.7 8.0 8.0 3.3 -.3 -. 7 2.3 -. 5 8.4 14. 9 6.8 3.3 9.2 .7 .8 1.9 1.2 -1.9 -.7 2.0 -.9 Table 7. Consumer Price Index—United States city average for urban wage earners and clerical workers, food items indexes and percent change from selected dates—Continued (1967=100) Item or group Fruits and vegetables -Fresh fruits and vegetables Fresh fruits Apples Bananas Oranges Orange juice, fresh Grapefruit Grapes, Thompson seedless S trawberries Watermelon Fresh vegetables Potatoes Onions, yellow Asparaguss green Cabbage Carrots Celery, pascal Cucumbers Lettuce Green peppers Spinach Tomatoes Processed fruits and vegetables Fruit cocktail, canned Pears, canned Grapefruit-pineapple juice, canned Orange juice concentrate, frozen Lemonade concentrate, frozen Beets, canned Peas, green, canned Tomatoes, canned Dried beans Broccoli, frozen Other food at home Eggs Fats and oils: Margar ine Salad dressing, Italian Salad or cooking oil Sugar and sweets Sugar Grape jelly Chocolate bar Syrup, chocolate flavored Nonalcoholic beverages Coffee, can and bag Coffee, instant Tea Cola drink Carbonated fruit drink Prepared and partially prepared foods Bean soup, canned Chicken soup, canned Spaghetti, canned Mashed potatoes, instant Potatoes, french fried, frozen Baby foods, canned Sweet pickle relish Pretzels -r Index July 1972 Seasonally Unadjusted adjusted 128.4 134. 1 134.2 140. 3 105.0 126.9 130.8 152.4 180.9 123.3 125.6 121.4 117.5 102.8 127.0 130.7 135. 7 144.4 a/) a/) 121.0 134. 2 143.0 148.0 145. 7 122.5 128.9 140.0 119.3 110.8 145.4 137.9 130.4 120.0 121.3 117.7 115. 6 136.0 115.5 121.4 107.6 115.8 137.2 118. 7 115.3 101.9 117.4 109.5 120. 1 120.4 114.5 125.0 130.5 110.4 120.3 117. 2 123.4 108.8 128. 2 127. 8 114. 3 116.2 104.4 119.5 111.5 110.8 110. 1 124. 1 115. 1 1/ Priced on in season. 15 129.8 129.0 122.3 138. 1 154.2 121.4 120.8 121. 2 141.5 112.8 157.5 136.3 127.5 120. 1 121. 2 117.8 115.8 135. 6 117.7 121. 2 107. 7 115.3 137.5 118. 7 116.7 112.2 117.4 109.3 120. 1 120.4 114.3 124.9 130. 2 110.5 120. 2 117. 2 123.4 108.4 128. 1 127.2 114.4 116.4 104.4 119.9 111.4 110.6 110.2 125. 7 114.9 Percent change to July 1972 from— June 1972 July 1971 Seasonally unadjusted adjusted Unadjusted 0.9 1.4 2.6 6.8 -3. 1 2.9 .2 5.0 0.5 .9 -.2 -. 1 -5.2 .0 .0 -.9 1.9 1.4 1.7 3. 1 7.8 -1.4 3.2 -9.4 5.5 -16.4 .6 15.5 20.4 5.5 -1. 9 -4.9 3.5 -7.4 -8.4 -9.2 2.0 -15.9 . 1 .2 .0 1. 1 .5 -1.5 .0 .4 .3 .2 -. 2 .7 8.2 8.3 1.9 11.7 19.3 2. 1 8. 1 -8.2 -2.6 1.9 -13.8 13.2 -. 2 -16.3 .0 -.4 -.3 1. 1 .4 .2 -.2 -. 1 . 1 .2 -. 1 -. 1 2.7 -.7 .4 -1.2 -.2 -.3 . 1 -. 1 -.6 -.2 .0 -. 7 -.2 .3 -.4 -. 1 -. 1 .2 .5 -. 7 -.2 -. 3 -.2 -. 1 .3 -1. 1 -. 1 -.4 .2 -. 2 -.5 . 1 .2 -.2 -.2 .5 -.5 -. 1 .2 .3 .7 -.4 -.5 -.9 .5 -.9 -.9 -10.4 1.4 6.7 33.2 14.5 -3.8 -21.2 14.5 8.9 -11.6 10.5 6.2 -15.5 2.7 1.9 .7 1.9 4.4 1.5 4.9 .4 -. 1 10.0 .4 -.3 -3. 1 1.6 -.6 .3 .6 1.7 3.8 -.6 -2.6 -1.4 -3.8 -1. 2 .3 1.4 .5 1. 1 2.2 -1.9 2.0 -.8 .0 -.8 5.7 .5 a/) a/) a/) a/) (I/) Table 8. Consumer Price Index—United States city average for urban wage earners and clerical workers, indexes for selected items and groups, July 1972, and percent changes from selected dates Item and group Housing Shelter 1/ • Rent • Homeownership costs 2/ Mortgage interest rates Property taxes Property insurance rates Maintenance and repairs Commodities 3/ • Exterior house paint Interior house paint Services Repainting living and dining rooms Reshingling house roof Residing house Sink replacement Furnace repair Fuel and utilities Fuel oil and coal Fuel oil, #2 Gas and electricity Gas Electricity r Other utilities: Residential telephone services Residential water and sewerage services T Household furnishings and operation 4/ Housefurnishings Textiles = — Sheets, percale or muslin Curtains, tailored, polyester Bedspreads, chiefly cotton Drapery fabric, cotton or rayon/acetate Pillows, bed, polyester, acrylic, or kapok Slipcover, throws, ready made, chiefly cotton-Furniture and bedding Bedroom furniture, chest and dresser Sofas, upholstered Cocktail table Dining room chairs Recliner, upholstered Sofas, dual purpose Bedding, mattress and box springs— Aluminum folding Chair Cribs Floor coverings Rugs, soft surface Rugs, hard surface Tile, vinyl Appliances £/ Washing machines, electric, automatic (Vaccum cleaners, canister type Refrigerators or refrigerator-freezers electric Ranges, free standing, gas or electric Clothes dryers, electric, automatic Air conditioners, demountable Room heaters, electric, portable -— Garbage disposal units Other housefurnishings: , Dinnerware, earthenware Flatware, stainless steel Table lamps, with shade Lawn mowers, power, rotary type Electric drills, hand held Housekeeping supplies: Laundry soaps and detergents Paper napkins Toilet tissue Housekeeping services: Domestic service, general housework Baby sitter service -Postal charges Laundry, flatwork, finished service • Licensed day care service, preschool child Washing machine repairs Other index Mar. 70 Dec. 71 Mar. 70 Dec. 71 June 70 See footnotes at end of table. Indexes July 1972 129.5 134. 9 119.0 140. 7 117.2 144.9 123.4 141. 1 124.2 117.2 117.4 148. 5 160.5 156.2 135. 9 146. 1 154. 6 120.2 117. 7 116. 5 120. 3 121.2 119.4 16 June 1972 129.0 134. 1 118.8 139.6 117. 1 144. 8 122.6 140.6 123.9 117.4 117.5 147. 8 159.5 156.2 135.2 145. 8 153.6 120. 1 117. 8 116.5 120. 3 121.2 119.5 Percent change to July 1972 fro. June 1972 July 1971 4. 0 .4 .6 4. 7 3. 1 .2 5.4 . 8 . 1 -.2 . 1 11.0 .7 1.6 .4 4. 8 .2 3.6 -.2 1. 3 2.8 -. 1 .5 5.2 7. 3 .6 .0 6. 1 .5 3. 7 2. 7 . 2 7.0 . 7 . 1 4. 1 -. 1 . 2 .0 .3 .0 4.9 .0 4.4 -. 1 5.2 115. 0 138. 8 121. 1 116.4 113.4 113.4 112.5 110.3 123. 9 104. 7 114. 9 121. 3 104. 8 120.6 100.0 104. 1 98. 0 116. 9 104. 9 125. 8 119. 3 106. 8 101. 7 118. 6 118.2 105. 8 110. 6 103. 8 107.9 111.3 114. 5 110, 9 (7/) 111.0 114. 9 137. 7 121. 0 116.4 114.2 116.7 112. 1 111.6 122.7 108. 1 113. 8 121.5 105. 1 120. 8 100.4 105. 1 98.0 116. 9 104.5 126. 1 119. 0 106.4 101.4 117. 9 118.2 105. 8 110.5 104. 0 107. 9 111.0 114.4 111. 0 (7/) 111. 0 .1 . 8 . 1 . 0 -. 7 -2. 8 .4 -1.2 1.0 -3. 1 1.0 -.2 -.3 -.2 -.4 -1.0 . 0 .0 .4 -. 2 .3 .4 . 3 . 0 .0 .1 -.2 . 0 .3 .1 -. 1 (7/) .0 5.6 2.8 1.9 1.5 1.9 1. 3 1.6 3.4 3.9 -1. 7 2.4 1.4 .3 .0 (5/) .9 (5/) .4 1.0 8. 7 .3 .5 -.4 3. 2 1. 1 . 1 . 8 -.5 -.4 -.4 1.2 -.4 (7/) . 8 125.4 123. 7 124.4 119. 5 106. 7 123. 7 122. 9 123.0 120. 8 106.0 1.4 . 7 1. 1 -1. 1 .7 5.9 2. 7 2. 1 2.2 . 8 111. 1 131. 7 124.4- 111. 0 130. 6 125.2 -.6 139.4 136. 6 146. 6 139.0 122.4 141. 1 139.2 135.6 146. 6 138.5 122.2 140. 8 . 1 .7 . 0 .4 . 2 . 2 .6 j '. 8 .5 3.2 .3 3.6 4. 7 .0 3. 8 3. 7 2. 8 ' Table 8. Consumer Price Index—United States city average for urban wage earners and clerical workers, indexes for selected items and groups, July 1972, and percent changes from selected dates—Continued (1967=100) Item and group Other index bases Apparel and upkeep ji/ Apparel commodities Apparel commodities less footwear ' -. Men's and boys' Men's: Topcoats, wool or all-weather coats, polyester blends Suits, year round weight Suits, tropical weight Jackets, lightweight Slacks, wool or wool blends Slacks, cotton or manmade blends Trousers, work, cotton or polyester/cotton Shirts, work, cotton or polyester/cotton Shirts, business, polyester/cotton T-shirts, chiefly cotton Socks, cotton or manmade fibers Handkerchiefs, cotton or polyester/cotton --• Boy's: Coats, all purpose, cotton or cotton blend— Sport coats, wool or wool blend Dungarees, cotton or cotton blend Undershorts, cotton Women's and girls' Women's: Coats, heavyweight, wool or wool blend — Carcoats, heavyweight, cotton Sweaters, wool or acrylic Skirts, wool, wool blend or manmade fibersSkirts, cotton or polyester blends Blouses, cotton or polyester blends Dresses, street, chiefly manmade fiber Dresses, street, wool or wool blend < Slips, nylon •• Panties, acetate or nylon tricot Girdles, manmade blend Brassieres, cotton Hose, nylon seamless Anklets, cotton < Gloves, fabric, nylon or cotton Handbags, rayon faille or plastic Girls': Raincoats, vinyl cotton, or polyester blends Skirts, wool, wool blends, or acrylic Dresses, cotton or polyester blends Slacks, cotton or chiefly cotton Slips, polyester blends Handbags, plastic Footwear Men's: Shoes, street, oxford Shoes, work, high <-• Women's: Shoes, street, pump Shoes, evening, pump Shoes, casual Houseslippers, scuff Children's: Shoes, oxford ' Sneakers, boys 1 , oxford type Dress shoes, girls', strap or pump Miscellaneous apparel: Diapers, cotton gauze or disposable Yard goods, polyester blende , < Wrist watches, men's and women's Apparel services: Drycleaning, men's and women's Automatic laundry service Laundry, men's shirts Tailoring charge, hem adjustment Shoe repair, women's heel lift 121. 1 121. 3 120. 7 120.4 122. 1 122.4 122.0 121. 9 (1/) 128. 1 131.3 114.0 113.5 133. 1 115. 0 115.4 112. 1 117.4 115. 9 116. 3 & 131. 8 136. 8 114. 8 114. 9 133. 9 114. 7 115.5 113. 7 117.4 116. 7 116. 2 (7/) (7/) (in (in 127.5 120.8 121. 2 (7/) m ( 7/) 116. 7 123. 4 127. 4 (7/) 110. 8 118. 1 116. 9 122. 1 96. 4 114. 4 109. 9 142. 8 (7/) (7/) 120. 0 (7/) 110. 5 122. 6 124. 6 17 127.3 120.5 122.6 (7/) (77) -0.8 -.9 -1. 1 -1. 2 1. 5 1. 5 1.2 .4 Z (in -2.8 -4. 0 -. 7 -1.2 -.6 . 3 -. 1 -1.4 . 0 -. 7 . 1 . 8 5. 0 1.6 -3.2 1.6 1.3 1.3 - 9 -1. 7 .9 1.0 (in an .2 .2 -1. 1 w 119.2 &/) 110.2 124. 7 124. 7 (77) (7/) 4. 0 1.4 1.6 (7/) (T/) (77) (77) 07) (in 121.4 122. 8 128. 8 (7/) 111.0 118. 1 116. 9 121. 9 96. 0 114.4 111. 7 144. 6 an -3.9 .5 -1. 1 (II) -. 2 .0 . 0 .2 .4 . 0 -1.6 -1.2 (7/) (rl) (in 1. 7 1.3 2. 3 an -. i 2. 1 .5 . 7 -2.8 -1.0 -.5 8. 1 m 14. 1 124. 2 123. 2 123. 8 120. 9 . 3 -1. 7 -. 1 .3 1. 9 125. 121. 122. 125. 1 8 8 4 125.9 122.3 126. 1 124. 8 -.6 -.4 -2.6 ,5 127. 3 124. 2 130. 1 126. 9 123.5 129. 8 . 3 .6 . 2 4.3 4. 0 4.6 115. 3 119. 1 115. 7 114.5 119.0 115.2 . 7 . 1 .4 2. 7 -2. 7 2. 1 117.5 114. 8 121.0 132.5 115.4 . 1 . 1 .5 . . 3 . 2 117. 114. 121. 132. 115. See footnotes at end of table. Percent change to July 1972 £roa: June 1972 July July 1972 6 9 6 9 6 Hi) . 1 -5. 5 3. 1 4.0 3.6 2.5 2.5 -. 1 2.4 . 7 1. 8 2. 1 3. 6 2.9 Table 8. Consumer Price Index—United States city average for urban wage earners and clerical workers, indexes for selected items and groups, July 1972, and percent changes from selected dates—Continued (1967=100) Other index bases Item and group Transportation Private 10/ Automobiles, new . Automobiles, used Gasoline, regular and premium Motor oil, premium Tires, new, tubeless Auto repairs and maintenance J ^ Auto insurance rates Auto registration Parking fees, private and municipal Public Local transit fares Taxicab fares Railroad fares, coach Airplane fares, chiefly coach Bus fares, intercity _. -- Health and recreation Medical care - — Drugs and prescriptions Over-the-counter items Multiple vitamin concentrates Aspirin compounds Liquid tonics Adhesive bandages, package Cold tablets or capsules Cough syrup • Prescriptions Anti-infectives • Sedatives and hypnotics Ataractics Anti-Spasmodics Cough preparations Cardiovasculars and anti-hypertensives Analgesics, internal Anti-obesity Hormones Professional services: Physicians' fees General physician, office visits General physician, house visits Obstetrical cases Pediatric care, office visits Psychiatrist, office visits Herniorrhaphy, adult Tonsillectomy and adenoidectomy Dentists' fees Fillings, adult, amalgam, one surface Extractions, adult Dentures, full upper Other professional services: Examination, prescription, and dispensing of eyeglasses Routine laboratory tests Hospital service charges Semi-private room rates Operating room charges X-ray dianostic series, upper GI Laboratory test, urinalysis Anti-infectives, tetracyline, HCL Tranquilizers, chlordiazepoxid, HCL Electrocardiogram Intravenous solution, saline Physical therapy, whirlpool bath Oxygen, inhalation therapy Personal care Toilet goods Toothpast, standard dentifrice Toilet soap, hard milled Hand lotions, liquid Shaving cream, aerosol Face power, pressed Deodorants, aerosol Cleansing tissues Home permanent wave kits • Personal care services Men's haircuts Beauty shop services Women's haircuts Shampoo and wave sets, plain Permanent waves, cold Jan. 72 . • Jan. Jan. Jan. Jan. Jan. Jan. Jan. . 1 See footnotes at end of table. 18 72 72 72 72 72 72 72 Indexes Percent change to July 1972 from: July 1971 July 1972 120. 3 117. 8 111. 0 112. 7 106. 9 123. 9 116. 0 135.2 141. 1 127. 5 147. 1 143. 3 150. 3 133.6 122. 9 129. 2 138. 1 9/119-8 97117. 3 111. 3 9/112. 0 105. 6 123. 4 115. 8 134. 9 140. 7 127. 5 147. 0 143. 0 149. 9 133. 6 122. 7 129.2 138. 1 0. 4 .4 - . 3 . 6 1. 2 . 4 .2 .2 . 3 . 0 . 1 . 2 . 3 . 0 .2 . 0 . 0 126. 3 132. 7 105. 6 111.2 95. 1 116. 6 101. 2 123.4 114. 2 113.5 100. 9 74. 7 127.4 103. 3 108.0 131. 9 111.5 109. 6 118. 0 92. 5 126. 1 132.4 105. 8 111. 6 95. 0 118. 1 101. 3 123. 6 113. 9 113. 9 100. 9 75.4 126. 5 102. 9 108.0 130. 7 111.4 109. 5 117. 2 92. 8 . 2 .2 -. 2 -.4 . 1 -1. 3 - 1 -. 2 . 3 -.4 .0 -. 9 . 7 .4 . 0 .9 . 1 . 1 . 7 -. 3 134. 0 135. 1 137. 2 134. 2 135. 9 129. 2 128. 2 129. 8 132. 7 134. 2 132. 8 129. 5 133. 9 135. 0 137. 0 134. 0 135. 8 129. 0 12 8. 2 130. 0 132.4 133. 9 132. 6 129. 1 . 1 . 1 . 1 . 1 . 1 . 2 . 0 -. 2 .2 .2 . 2 . 3 125. 0 120. 7 125. 0 120. 7 . 0 . 0 102.4 174. 9 168. 6 129. 3 102.3 99. 8 101. 7 102. 8 102. 3 102. 1 102. 0 102. 173. 167. 128. 102. 100. 101. 102. 102. 102. 101. 0 8 2 8 0 1 9 8 2 0 9 . 4 . 6 . 8 . 4 . 3 -. 3 -. 2 . 0 vl 120.0 117.3 110. 0 122.5 124. 9 107. 0 135. 0 105. 6 124. 5 109. 2 122. 9 125. 3 121.2 121.2 125. 1 112.6 120. 0 117.4 109.4 122. 6 126. 0 108.2 133. 3 105. 5 125. 1 109. 1 122. 7 125. 1 121. 0 121. 1 124. 7 112. 6 .0 -. 1 .5 -. 1 -. 9 -1. 1 1. 3 . 1 -. 5 . 1 .2 .2 .2 . 1 . 3 . 0 '. 1 0 . 7 Table 8. Consumer Price Index—United States city average for urban wage earners and clerical workers, indexes for selected items and groups, July 1972, and percent changes from selected dates (1967-100) Item and group Other index hnses Indexes Reading and recreation 12/ Recreational goods TV sets, portable and console TV replacement tubes Radios, portable and table mode? Tape recorders, portable Phonograph records, stereophonic Movie cameras, Super 8, zoom lens Film, 35nm, color Golf balls, liquid center Basketballs, rubber or vinyl cover Fishing rods, fresh water spincasting Bowling balls Bicycles, boys' Tricycles Dog food, canned or boxed Recreational services Indoor novie admissions Movie admissions, adult Movie admissions, child Drive-in aovie admissions, adultBowling fees, evening Golf green fees TV repair, color picture tube replacement Film developing, black and white Reading and education: Newspapers, street sale and delivery Magazines, single copy and subscription Piano lessons, beginner Other goods and services Tobacco products Cigarettes, nonfilter tip, regular size Cigarettes, filter tip, king size Cigars, domestic, regular size Alcoholic beverages Beer -Whiskey, spirit blended and straight bourbon Wine, dessert and table Away from home (beer) Financial and miscellaneous personal expenses: Funeral service, adult -Bank service charges, checking accounts Legal services, short form will July 1972 June 1972 123. 0 108. 1 99.4 131. 8 99. 1 94. 9 107. 5 88.3 108. 0 104. 8 126.2 107. 1 113.9 117. 4 114. 3 111. 0 128.9 144. 1 143. 5 145.5 146. 7 118.4 130. 8 98. 0 116.5 122.9 108. 0 Percent Chang e to July 1 V7<S from: June 1972 July 1971 131. 1 99. 1 94. 7 107.2 88.2 108. 1 105. 2 126.3 107.6 114.0 117.0 114. 0 110.6 128. 7 142.5 141.5 145. 2 147. 8 118.6 130. 7 98. 2 116.6 . 1 -. 1 .5 .0 . 2 .3 . 1 -. 1 -.4 -. 1 -.5 -. 1 .3 .3 .4 .2 1. 1 1.4 . 2 -. 7 -. 2 .1 -. 2 -. 1 2. 8 1. 2 -.5 7.9 .7 .9 2.5 -1. 1 -.6 .3 .3 -3. 1 1.9 3. 1 2.4 1.3 2.2 3. 8 3.5 4.5 3.4 1. 8 1. 7 -. 2 ... 8 133. 1 133.4 122. 3 132. 8 133.4 122.2 . 2 .0 . 1 2. 1 5.6 1.3 125. 8 134. 0 135.6 136. 1 110. 9 119. 6 113.4 109.0 127.5 131.2 125.6 134. 0 135.6 136. 1 110. 9 119. 1 113. 1 108.5 126. 7 130. 7 .2 .0 .0 .0 . 0 .4 . 3 . 5 .4 3. 8 5.6 5.5 5. 8 4. 3 2.2 . 1 2.5 3. 7 4. 0 121. 3 107.0 150.2 121. 1 107.4 150. 6 . 2 -.4 -. 3 3. 1 -3.4 12.4 123. 1 119.4 118. 2 139. 6 136.3 125. 8 122. 7 119.4 117. 9 138. 9 136.0 125.6 .3 . 0 .3 . 5 .2 .2 2.6 2. 1 2.7 5.4 1. 5 2.6 99.5 o.i .6 Other special groups: All items less shelter Commodities less food Nondurables less food and apparel Household services less rent Transportation services Other services \J Also includes hotel and motel rates not shown separately. If Also includes home purchases costs not shown separately. 3^/ Also includes pine shelving, furnace filters, packaged dry cement mix, and shrubbery not shown separately. 4/ Also includes Venetian blinds, nails, carpet sweepers, air deodorizers, steel wool scouring pads, envelopes, reupholstering, and moving expenses. _5/ Not available. j>/ Also includes radios and television sets, shown separately under reading and recreation. ]_/ Priced only in season. 87 Also includes men's sport shirts, women's and girls' lightweight coats, women's slacks, cocktail dresses, bathing suits, girls' shorts,\ earrings, and zippers not shown separately. j)/ Revised index. 10/ Also includes recapped tires and drivers' license fees not shown separately. 11/ Includes prices for water pump replacement, motor tune-up, automatic transmission repair exhaust system repair, front end alignment, and chassis lubrication. 12/ Also includes outboard motors, nondurable toys, college tuition fees, paperback books, and college textbooks, not shown separately. 19 Brief Explanation of the CPI The national index (the United States city average) includes prices from the 23 SMSA's for which separate indexes are published in this report, as well as from the following additional locations: The Consumer Price Index (CPI) measures average changes in prices of goods and services usually bought by urban wage earners and clerical workers, both families and single persons living alone. It is based on prices of about 400 items which were selected to represent the movement of prices of all goods and services purchased by wage earners and clerical workers. Prices for these items are obtained in urban portions of 39 Standard Metropolitan Statistical Areas (SMSA's) and 17 smaller cities, which were chosen to represent all urban places in the United States, including Alaska and Hawaii. They are collected from grocery and department stores, hospitals, filling stations, and other types of stores and service establishments which wage earners and clerical workers patronize. Prices of foods, fuels, and a few other items are obtained every month in all 56 locations. Prices of most other commodities and services are collected every month in the 5 largest SMSA's and every 3 months in other SMSA's and cities. Mail questionnaires are 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 location are averaged together with weights which represent their importance in the spending of all wage earners and clerical workers. SMSA and city data are then combined in the total index with weights based on the 1960 populations of SMSA's and cities they represent. Index numbers are computed on the base 1967=100, and are also available on the base of 1957-59=100. Alabama - Florence Alaska - Anchorage California - Bakersfield* Colorado - Denver* Connecticut - Hartford* Florida - Orlando* Indiana - Indianapolis* Indiana - Logansport Illinois - Champaign-Urbana* Iowa — Cedar Rapids* Kansas - Wichita* Louisiana - Baton Rouge* Maine - Portland* Massachusetts - Southbridge Michigan - Niles Minnesota — Crookston Mississippi - Vicksburg New Jersey - Millville New York - Kingston North Carolina - Durham* North Dakota - Devils Lake Ohio - Dayton* Ohio - 1 indlay Oklahoma - Mangum Oregon - Klamath Falls Pennsylvania — Lancaster* South Carolina - Union Tennessee - Nashville* Texas - Austin* Texas - McAllen Utah - Orem Virginia - Martinsville Wisconsin — Green Bay* •Standard Metropolitan Statistical Area Comparisons of indexes for individual SMSA's show only that prices in one location changed more or less than in another. The SMSA indexes cannot be used to measure differences in price levels or in living costs between areas. A description of the index and historical tables of index numbers for the United States city average and for 23 large SMSA's are available on request to the Bureau of Labor Statistics, Washington, D. C. 20212 or any of its regional offices. A Note on Seasonally Adjusted and Unadjusted Data Because price data are used for different purposes by different groups, the Bureau of Labor Statistics publishes seasonally adjusted as well as unadjusted changes each month. For analyzing general price trends in the economy, seasonally adjusted changes are usually preferred since they eliminate the effect of changes that normally occur at the same time and in about the same magnitude every year—such as price movements resulting from chang- ing climatic conditions, production cycles, model changeovers, holidays, and sales. The unadjusted data are of primary interest to consumers concerned about the prices they actually pay. Unadjusted data are also used extensively for escalation purposes. Many collective bargaining contract agreements and pensions plans, for example, tie compensation changes to the Consumer Price Index unadjusted for seasonal variation. 20 Reliability of Percent Changes in the CPI are about 95 out of 100 that the percent change in the CPI as computed differs from the corresponding "complete coverage" change by less than twice the standard error. Because the CPI is rounded to one decimal place, some ambiguity may arise in interpreting small index changes. As the table indicates, for example, a monthto-month change of 0.1 percent in the all-items CPI is significant. Because of rounding, however, a change of this size in the published index might result from a much smaller change in the unrounded value. Hence, any particular change of 0.1 percent may or may not be significant. On the other hand, a published change of 0.2 percent is almost always significant, regardless of the time period to which it relates. This replaces the table of average errors based on 1970 data which was included in the CPI report through December 1971. A system of "replicated" samples introduced into the index structure in the 1964 revision permits an estimate of sampling error for the CPI. l The table below shows standard errors for monthly, quarterly, and Average standard errors of percent changes in the CPI based on 1971 data Component All Items Food at home Food away from home Housing Apparel and upkeep. . . Transportation Medical care Personal care Reading and recreation Other goods and services Monthly change Standard error Quarterly change Annual change .04 .07 .06 .10 .09 .15 .08 .06 .17 .11 .09 .14 .14 .10 .27 .17 .14 .19 .33 .19 .33 .20 .28 .34 .09 .12 .20 .11 .17 .23 The method of deriving these estimates is described in a paper by Marvin Wilkerson, "Measurement of Sampling Error in the Consumer Price Index," Journal of the American Statistical Association, September 1967. annual percent changes in the CPI for all items and for nine commodity groupings based on 1971 averages. The figures may be interpreted as follows: The chances A Note About Calculating Index Changes Percent changes expressed as annual rates are computed according to the standard formula for compound growth rates. These data indicate what the percent change would be if the current rate were maintained for a 12-month period. Movements of the indexes from one month to another are usually expressed as percent changes rather than changes in index points because index point changes are affected by the level of the index in relation to its base period while percent changes are not. The following example illustrates the computation of index point and percent changes: CPI less previous index index point differences = 123.8 123.2 0.6 Index point difference divided by the index for the previous period: 1 2 3 . 8 - 123.2 123.2 x 100 = 0.5 Seasonally adjusted percent changes in the U.S. All Items Index are based on seasonal adjustment factors and seasonally adjusted indexes carried to two decimal places. This procedure helps to eliminate rounding error in the percent changes. 21 BUREAU OF LABOR STATISTICS REGIONAL OFFICES HAWAII r-x PUERTO RICO Region I 1603 JFK Federal Building Government Center Boston, Mass. 02203 Phone: 223-6762 (Area Code 617) Region V 8th Floor, 300 South Wacker Drive Chicago, III. 60606 Phone: 353-1880 (Area Code 312) Region II 1515 Broadway New York, N.Y. 10036 Phone: 971-5405 (Area Code 212) Region V I 1100 Commerce St., Rm. 6B7 Dallas, Tex. 75202 Phone: 749-3516 (Area Code 214) Region in 406 Perm Square Building 1317 Filbert St. Philadelphia, Pa. 19107 Phone: 597-7796 (Area Code 215) Region V I I and VIM Federal Office Building 911 Walnut St., 15th Floor Kansas City, Mo. 64106 Phone: 374-2481 (Area Code 816) Region IV Suite 540 1371 PeachtreeSt. NE. Atlanta, Ga. 30309 Phone: 526-5418 (Area Code 404) Region IX and X 450 Golden Gate Ave. Box 36017 San Francisco, Calif. 94102 Phone: 556-4678 (Area Code 415) * ** Regions V I I and V I I I are serviced by Kansas City. Regions IX and X are serviced by San Francisco.