Full text of CPI Detailed Report : June 1953
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Issued July 22, 1953 U.S. DEPARTMENT OF IABOR Bureau of labor Statistics Washington 25, D* C. EXECUTIVE 3 - ^ 2 0 Moffatt - Ext. 532 1953 : June 1953 for the average of U. S. cities and for : : : : from January 1953 forward is based on the revised index structure. Information about the index revision is given in the February 1953 Monthly Labor Review or is available upon request. Retail prices of goods and services bought by urban families of wage earners and clerical workers rose O.k percent between May and June 1953, according to the U. S. Department of Labor1s Bureau of Labor Statistics. Chiefly responsible for the increase was a rise of l.k percent in retail food prices. In addition, Housing, Medical Care and Other Goods and Services increased fractionally; Apparel, Personal Care, and Reading and Recreation showed slight declines: and Transportation was unchanged on the average during the month. The U.S. All Items index for June was 114.5 (19^7-^9 * 100), 0,2 percent above the previous high level of August and November 1952, 1.0 percent higher than June 1952, and 12.5 percent above the level of June 1950. Converted to a base of 1935-39 a 100, the revised index for June was 191.4. FOOD The increase of l.k percent in the Food index from May to June canceled most of the decline that took place earlier this year and returned the index nearly to the level of last December. The June index was 113-7 ( 1 9 V M 9 « 100), stillO.8 percent below a year ago, but 13.1 percent higher than in June 1950, Retail food prices rose, on the average, in all but 2 of the k6 cities surveyed. Increases of 2 percent or more were reported in 7 of the 20 large cities. Except for dairy products, all food subgroup indexes advanced; the sharpest rise (5.6 percent) occurred in the Fruits and Vegetables index. Prices of fresh fruits and fresh vegetables averaged about 8 percent and 10 percent higher, respectively, than a month ago, reflecting general advances for apple.*, oranges, celery, cabbage, tomatoes, green beans, and carrots. Potato prices av *r&sr-'i slightly lower than a month s^o. The Meats, Poultry, and F:-h lode,; r I ) -.•rcent as pork prices climbed about 6 percent on the average, during the month Beef end veal prices rose sllz'f r--r r.M first time si- <? H s t September. \vera£e pri 'fs of i«jrb were up about k pere-: * , v / > poultry prices were down about 2£ per^rt. Fish p showed a sligh" a vera. • ~ •* . The r i s e of O A percent in the Cereals and Bakery Products index resulted chiefly from increases in prices of bread and other bakery products in several cities. Generally higher egg prices largely accounted for the rise of 0.5 percent in the index of 2 "Other Foods at Home." Coffee prices were lover. percent as milk prices decreased in a few cities. on the average. The Dairy Products index declined 0.3 Restaurant meal prices were unchanged, Between June 15 and June 29 retail food prices in 8 cities showed little change on the average, according to preliminary estimates. The increases in prices of fresh fruits, pork, and eggs, were largely offset "by decreases in fresh vegetables, poultry, and meats other than pork. Restaurant meal prices are not included in these estimates. HOUSING The Housing composite index rose 0.3 percent between May and June, led by an advance of 0.6 percent for Household Operation, reflecting higher rates for telephone service. Dry cleaning and laundry services also increased. A number of items o^ home repair also were higher. Housefurnishings increased O.k percent as merchandise reduced for May sales was returned to regular price lines. A substantial rise in residential rents in Cincinnati, following decontrol in May, was a significant factor in the increase of 0.2 percent in the Rent index between May and June. The Gas and Electricity index declined 0.2 percent with lower cost of electricity for consumers in Portland, Oregon, more than offsetting higher gas rates in St. Louis. Prices of Solid Fuels and Fuel Oil were unchanged on the average during the month. APPAREL The Apparel index continued at about the level reached 6 months ago, declining fractionally (0.1 percent) between May and June. Prices of Apparel for all family members averaged slightly lower, except for footwear prices, which showed a slight rise. OmfcK GROUPS The Medical Care index increased 0.3 percent during the month as higher prices were reported for drugs and dental services. Other Goods and Services rose 0.2 percent, reflecting higher prices for cigarettes and beer in several cities. The Personal Care index declined 0.2 percent. Prices were lower for toilet soap while costs of beauty shop services increased. Admission charges for motion pictures* were higher. There were price reductions for toys, radios and television sets and the index for Reading and Recreation decreased 0.2 percent. The Transportation index remained at the level of a month ago, as prices for used cars moved downward offsetting increases for automobile repairs and gasoline. OLD SERIES: Calculation of the Old Series Index, which was resumed for a period of 6 months by direction of the President, will be discontinued after issuance of the indexes for June 1953• It is expected that the final release will be available about the end of July. TABLE 1. 3 CONSUMER PRICE INDEX 1/ — U.S. AVERAGE ALL ITEMS AND COMMODITY GROUPS Indexes and Percent Changes for Selected Dates GROUP June 1953 May 1953 April 1953 June 1952 June 1950 This Month Last Month 2 Months Ago Last Year Pre-Korea Year 1939 PreWorld War II INDEXES (19^7-^9 * 100) ALL ITEMS 111+. 5 lll+.O 113.7 113. ^ 101.8 59> FOOD 113-7 112.1 111.5 Ilk. 6 100.5 1+7.1 113.7 118.9 111.3 107.5 121.7 110.9 111.7 118.1+ 109.2 107.8 115.2 110.3 111.1 118.0 106.8 109.0 115.0 110.1+ Ilk. 6 116.9 116.5 108.9 122.1+ 105.2 100.5 102.7 106.1 92.3 102.5 91+.1 1+7.1 57.2 1+1.6 1+9.8 1+6.3 6/ 117.1+ 117.1 117.0 lll+.O 101+.9 6/ 123.3 106.1+ 121.8 108.0 115.1+ 123.0 106.6 121.8 107.6 111+.7 122.1 106.5 123.6 107.8 111+.3 117.6 101+.3 115.8 107.7 111.2 108.7 102.7 107.6 97.1+ 99.6 86.6 101+.9 56.1+ 53.* APPAREL k/ 101+.6 101+.7 101+.6 105.6 96.5 52.5 TRANSPORTATION 129.1+ 129.1+ 129.1+ 126.3 109.9 6/ MEDICAL CARE 121.1 120.7 120.2 117.8 105.1+ i 6/ PERSONAL CARE 112.6 112.8 112.5 111.7 99.2 i y READING AND RECREATION 107.8 108.0 107.9 106.8 102.5 ! 6/ 118.2 118.0 117.9 115.7 2/ 5'ood at home Cereals and bakery products Meats, poultry and fish Dairy products Fruits and vegetables Other foods at home HOUSING 3/ Rent Gas and electricity Solid fuels and fuel oil Housefurnishings Household operation OTHER GOODS AND SERVICES 5/ 1i ! y 103.7 PERCENT CHANGE TO JUNE 1953 FROM: May 1953 June 1950 June 1952 April 1953 ALL ITEMS 0.1+ 0.7 1.0 12.5 FOOD 1.1+ 2.0 - 0.8 13.1 1.8 2.3 0.8 1+.2 2/ Food at home Cereals and bakery products Meats, poultry and fish Dairy products Fruits and vegetables Other foods at home HOUSING 0.3 0.3 3.0 11.9 51+.3 1 / 0.2 - 0.2 0 1.0 - 0.1 1+.8 2.0 5.2 0.3 3.8 13.1+ 3.6 13.2 10.9 15.9 1+2.1+ j 0.2 1.0 j ! 1.1+ 116.0 102.2 68.7 8.1+ ! 99.2 0 0 2.5 ; 17.7 j 87.8 1/ 0.3 0.7 2.8 ! 14.9 1 66.8 - 0.2 0.1 0.8 13.5 1 - 0.2 - 0.1 ! 0.9 5.2 j 0.2 | 0.3 j 2.2 ll+.O ? 1/ 88.9 1/ 71.1 1/ 67.1+ 1/ See General Explanation at end of tables. Includes "Food away from home" for which indexes will be available later in 1953* Includes "Other shelter" for which indexes will be available later in 1953Indexes for subgroups of apparel will be available later in 1953' Includes tobacco, alcoholic beverages, and "miscellaneous services" (such as legal services, banking fees, burial services, etc.). Not available. Indexes for 1939 will be published when calculations are completed. Approximate. 1/ j j 5/ - 1.5 I i ! -0.9 MEDICAL CARE 1/ 2/ 3/ ¥/ ~5/ ~~ 6/ 7/ 18.7 17.9 - 13.1 15.8 1+.9" 0 TRANSPORTATION OTHER GOODS AND SERVICES 16.5 - 0.1 READING AND RECREATION 11+1.1+ 5.8 0.5 0.1+ 0.6 APPAREL k/ PERSONAL CARE 92.8 11+1.1+ 107.9 167.5 115.9 162.9 129.1 1 / 1.9 - 0.3 5.6 0.5 Rent Gas and electricity Solid fuels and fuel oil Housefurnishings Household operation • 1.7 - 1+.5 - 1-3 - 0.6 5.1+ 0.1+ 3/ - 0.8 Year 1939 TABLE 2. CONSUMER PRICE INDEX 1/ — ALL ITEMS INDEXES FOR SELECTED DATES U.S. Average and 20 Large Cities ( 1 9 4 7 - U 9 « 100) (1935-39 « 100) City U.S. AVERAGE June 1953 May 1953 April 1953 June 1952 June 1950 June 1953 1U. 5 114.0 113.7 113.4 101.8 191.4 115-3 114.6 115.8 115.3 111.4 114.2 115.2 115.6 111.1 113.7 114.9 113.9 114.8 110.9 113.6 102.8 102.8 101.3 196.4 196.8 100.9 101.6 185.4 190.7 April 1952 April 1950 April 1953 111.1 113.9 113.5 5/ 101.2 101.4 179.8 184.0 CITIES PRICED MONTHLY: Chicago Detroit Los Angeles New York Philadelphia 116.6 115.4 112.0 114.6 113.8 CITIES PRICED IN JAN., APR., JULY, OCT. 4/ Boston Kansas City Minneapolis Pittsburgh Portland, Ore. 111.7 114.3 115.1 CITIES PRICED IN FEB. AUG., NOV. 4/ 112.3 115.4 114.7 99.9 ~ 101.5 June 1952 June 1950 June 1953 101.3 6/ 198.6 114.6 6/ 113.0 ~ 112.9 115.5 114.9 117.1 115.1 114.5 115.8 116.1 MAY, Cleveland Houston Scranton Seattle Washington, D. C. 190.6 102.1 5/ 112.8 CITIES PRICED IN MAR., JUNE, SEPT., DEC. 4/ Atlanta Baltimore Cincinnati St. Louis San Francisco 192.8 113.7 116.8 112.0 116.2 113.5 191.8 199.9 101.6 ~ 197.9 101.2 101.1 192.8 100.9 193.3 198.4 May 1952 May 1950 May 1953 113.1 114.8 112.1 114.6 112.6 100.4 103.5 100.2 193.7 197.7 186.1 101.6 186.4 198.6 102.0 J- 1/ 2/ 2/ See General Explanation at end of tables. These are the same indexes shown in columns 1, 2 or 3* converted tc a base of 1935-39 a 100. The U.S. Average is based on prices collected in 46 cities. In addition to the 20 cities listed individually, 26 cities are included in the national average. Indexes are not calculated for these 26 cities. 4/ Foods, fuels, rents and a few other items priced monthly; other commodities and services priced quarterly. 5/ March 1952 and June 1950; formerly priced March, June, September, December. % ! May 1952 and May 1950; formerly priced February, May, August, November. TABLE 3. CONSUMER PRICE INDEX 1/ — PERCENT CHANGES FROM MAY 1953 TO JUNE 1953 U.S. Average and Five Cities Priced Monthly All Items and Commodity Groups Reading City U.S. AVERAGE Chicago Detroit Los Angeles New York Philadelphia All Items Food Housing Apparel Medical Care Personal Care h Recreation Other Goods li Services 0.4 1.4 0.3 - 0.1 0 0.3 - 0.2 - 0.2 0.2 0.6 0.7 0.1 0.5 0.7 1.4 1.5 0.1 1.5 2.2 0.2 0.3 0.2 0.1 0.2 0.4 0.2 - 0.4 - 0.1 - 0.1 0.2 1.0 0 0.2 0 0.2 0 0.1 0 0.5 - 0.1 0.2 - 0.3 0 - 0.3 0.1 0.2 - 0.3 - 0.3 - 0.3 0.5 0.7 0 0.1 0.2 See footnotes on table 1 and General Explanation at end of tables. Transportation TABLE 4. CONSUMER PRICE INDEX 1/ — ALL ITEMS AND COMMODITY GROUPS June 1953 Indexes and Percent~*Changes, March 1953 to June 1953 U.S. Average and 10 Cities Priced in June Total Food All Items City 1 2/ i Total Rent 1/ Housing Solid Fuels Gas & Elec& triFuel city Oil 5 I ! ReadOther TransMediPering & ; Goods 8e sonal ' Recre-I SerApparel porta- ! cal tion | Care 1! Care 1 ation ! vices | Housefurnishings Household Operation y 1 1/ June 1953 Indexes (1947-49 » 100) Ilk.5 113. T 117.4 123.3 Atlanta 114.5 117.1 114.6 Baltimore 115.1 112.4 Chicago 115.3 114.5 Cincinnati 116.9 116.6 Detroit 116.7 112.3 115.4 Los Angeles ! 112.0 112.0 Nev York 115.8 Philadelphia ji 114.6 1 115.8 1 115.0 St. Louis 114.1 116.1 San Francisco 122.7 113.3 120.3 115.0 119.0 123.5 114.4 112.6 115.7 117.0 108.6 97.3 100.0 123.4 113.1 108.4 109.5 107.9 101.8 ;! 100.1 ! 117.1 122.1 ; 130.1 U.S. AVERAGE 106.4 121.8 108.0 115.4 104.6 112.2 122.1 119.8 118.5 117.0 112.7 103.4 109.7 104.4 110.8 111.0 IO8.3 109.9 ; 109.1 109.7 127.1 109.2 118.6 115.7 106.6 107.6 118.6 113.2 116.7 109.0 110.3 104.2 106.8 104.8 103.5 103.2 104.8 104.1 104.6 IO3.6 125.8 118.2 127.9 j 129.4 121.1 129.2 118.9 138.8 132.0 120.0 133.8 130.0 121.5 121.3 126.9 126.8 119.9 120.5 127.5 133.5 i 120.3 136.9 ! 133.1 j 142.0 ; 121.0 i 112.6 ; 107.8 ; 118.2 115.2 107.9 114.2 108.8 119.5 117.5 106.7 116.2 109.8 112.9 i ; ; ; ) : 111.1 : 117.6 119.3 I 118.9 109.9 ! 112.9 99.1 i 116.0 110.8 : 123.7 103.7 ! 113.9 106.1 118.3 112.2 122.0 100.1 ; 116.1 ; 105.1 115.4 Percent Change -- March 1953 to June 195? U.S. AVERAGE 0.8 ; 1.8 Atlanta Baltimore Chicago Cincinnati Detroit Los Angeles lev York Philadelphia St. Louis San Francisco 0.3 1 0.8 i 1.3 | 1.7 ! 1.2 o 1 0.7 ! 0.4 j 1.0 ! 0.5 ! 2.0 2.6 2.5 3.7 2.5 0.8 1.4 2.0 2.3 1.3 0.5 1.3 - 0.5 - 0.4 0.8 1.9 6/ 6.9 0.3 0.8 1.2 - 0.4: 1.0 j16/ 0.3 0.8 ,15/ 0 - 0.1 j! - 2.1 - 0.5 - 0.5 0 0.5 - 1.3 0.7 - 0.1 0 4.5 0 - 0.6 0.2 1.6 0.5 0.2 - 0.1 - 0.7 - 1.3 0.4 6.1 3.6 1.8 3.3 0.3 - 3.4 - 5.7 0.4 I 1.2 - 0.1 0.1 1.3 ;! 1.0 0.1 0.9 3-5 0.4 0.8 0 1.9 0.2 0.6 - 0.7 - 1.0 1.4 |! 0.6 0.5 i - 0.1 0.1 i - 0.5 0.6 1 j 1.0 - 0.8 - 0.5 0.1 - 0.7 - 1.0 ;j 0.5 0.2 ! - 0.2 - 1.6 |! - o- 8 0.8 I - 0.1 1 i 2.7 !i 0.2 3.9 | 1.4 - 0.2 0.2 0.5 0.8 0.2 - 0.2 : 2.1 |! - 0.3 j! 0 0.3 - 0.4 0.8 - 0.2 - 0.2 - 0.1 - 0.1 0.6 0.6 j 0.3 ; 0.6 0.3 j 0.1 1 0.8 i 0.7 j 0.1 0.6 0.8 0.7 0.6 1.5 2.1 0.7 0.3 0.3 0 0.6 0.7 1/ through 5/, see footnotes on table 1 and General Explanation at end of tables. 5/ Change from December 1952 to June 1953* TABLE 5. CONSUMER PRICE INDEX 1/ -- FOOD AND ITS SUBGROUPS June 1953 Indexes and Percent Changes, May 1953 to June 1953 U.S. Average and 20 Large Cities (19^7-^9 s 100) City Meats, Poultry Cereals & Total 0/ & Fish Bakery Products Food at Home Total Food Percent Percent Percent Percent Index Change Index Change Index Change Index Change Other Foods at Home Percent Index Change Fruits & Dairy Vegetables Products Percent Percent: Index Change Index Change U.S. AVERAGE 113.7 1.4 113.7 1.8 118.9 0.4 111.3 1.9 107.5 - 0.3 121.7 5.6 110.9 0.5 Atlanta Baltimore Boston Chicago Cincinnati 114.5 114.6 111.2 112.4 116.9 1.5 2.1 2.2 1.4 2.5 114.4 114.5 110.9 112.3 117.0 1.6 2.5 2.8 1.6 2.7 116.1 117.4 117.1 114.4 117.7 0.2 0.3 0.2 - 0.7 0.1 116.7 112.8 105.8 106.9 116.9 1.3 2.5 2.2 2.1 3.3 111.3 112.5 105.9 108.3 109.2 - 0.3 0.1 - 0.2 - 0.3 0.1 125.5 122.5 120.1 120.0 124.9 7.5 9-0 11.0 5.7 8.7 104.5 108.9 107.2 117.2 116.3 - 0.1 0.6 1.0 Cleveland Detroit Houston Kansas City Los Angeles 110.5 116.7 112.6 110.7 112.3 1.2 1.5 0.6 0.5 0.1 110.1 116.8 111.9 110.2 111.5 1.4 1.7 0.7 0.5 0.1 114.9 116.5 115.9 117.8 118.3 - 0.1 0.2 0.9 0.5 0.5 108.0 110.6 108.2 107.6 111.1 1.9 2.2 0.6 0 1.5 99.5 109.7 107.7 103.0 109.3 0.2 0 - 0.4 - 2.8 - 0.2 115.9 134.3 118.8 115.8 106.9 4.6 5.3 2.9 5.1 - 2.6 111.8 112.1 108.2 111.7 - 0.2 0 0 0.1 0.4 Minneapolis Nev York Philadelphia Pittsburgh Portland, Ore. 112.6 112.0 115.8 114.8 114.0 - 0.1 1.5 2.2 2.0 0.5 112.8 111.8 115.8 115.0 114.1 - 0.2 1.8 2.6 2.4 0.6 119.8 123.0 119.0 119.5 115.1 0.2 0.3 0.3 0.2 0.3 105.3 109.0 111.9 107.9 117.6 0 0.7 1.5 2.2 2.4 105.2 102.2 109.6 110.1 109.7 - 3.0 0 - 0.1 - 0.1 - 0.3 124.6 1.5 119.0 6.4 10.9 128.7 124.9 ! 10.3 - 1.8 111.9 117.1 111.1 111.1 118.5 114.1 0.4 1.7 0.9 0.3 1.2 St. Louis San Francisco Scranton Seattle Wa»hington,D.C. 115.0 114.1 113.7 113.2 113.1 1.9 0.2 2.0 1.1 2.1 114.8 114.6 113.4 113.3 112.9 2.0 0.8 2.3 1.3 2.5 lf3.5 127.6 116.9 119.7 115.6 0.3 3.2 0.5 0.3 - 0.1 113.5 112.0 111.1 111.8 108.0 2.0 2.3 3.3 3.7 2.5 100.5 110.2 107.5 107.2 113.9 - 117.3 ' 108.6 : 110.9 i 108.9 1 109.4 i 0.6 0.3 0.6 0.3 0.6 127.8 0.1 0.1 120.7 120.8 0.4 1 121.1 i 1.3 I 0.6 i 119.6 : 1 1 1 . 1 8.6 1.1 7.4 2.5 9.0 1 See footnotes on table 1 and General Explanation at end of tablas. 0 . 3 0.8 6 GENERAL EXPLANATION The Consumer Price Index (revised January 1953) measures the average change in prices of goods and services purchased by city wage-earner and clerical-worker families. The goods and services included in the index "market basket" are those required to main*. tain the level of living characteristic of such families in 1952. The quantities and qualities of the items in the "market basket" remain the same between consecutive pricing periods, so that the index measures the effect of price change only on the cost of living of these families. The indexes are presented on a base of 19U7-U9»100. The index numbers thus i"how the average increase or decrease in prices from the X9U7—Ii9 average. (For convenience of users, these indexes are also shown on the base 1935-35*= 100. Note that they are calculated using the new samples, items and weights). The city indexes do not indicate whether it costs more to live in one city than in another. Conparisons of city indexes show only whether prices have risen more or less in one city than another since the base period. The Bureau has been compiling the Consumer Price Index for nearly 1^0 years. At four different times it has been necessary to bring the "market basket" of goods and services up to date and to modernize the samples and methods of calculation. The indexes in this report are revised as of January 1953- The "market basket" is based on extensive surveys of postwar expenditure patterns of city families, and reflects changes that have occurred since prewar in the amounts, kinds and qualities of things people buy, as well as new things that were not part of our pattern of living a few years ago. About 300 items are priced to estimate the average change in prices of all items in the "market basket." Among these items are all the important goods and services that wage and clerical workers bi?y. Prices are collected at regular intervals, and the successive prices are compared to determine price changes. The items priced are described by detailed specifications to insure that as far as possible, the same quality is priced each time, and that differences in reported prices are measures of price change only. Prices are obtained in a sample of I46 cities representative of all cities in the U.S., including the 12 largest urban areas with populations over 1 million, 9 other large cities, 9 medium-sized cities, and 16 small cities. In each city, prices are reported by stores of various kinds and by service establishments and individuals (such as physicians and dentists) from whom wage and clerical workers buy goods and services. Foods, fuels, rents, and a few other items are priced monthly in all cities. Prices of most other goods and services are obtained on a regular rotating pricing cyclemonthly in the 5 largest cities, every 3 months in 25 large and medium-sized cities, and every k months in the 16 smallest cities. In any given month, goods and services other than foods, fuels and rents are priced in 17 or 18 cities out of the U6. Price collection extends over 3 or 1; weeks, centered on the 15th of the month. Prices for a few items (e.g., auto insurance, railroad fares) are computed from published sources. Food. Food prices are collected monthly from chain and representative independent food stores in all lj.6 cities, during the first 3 days of the week which includes the l5th of the month. Prices for restaurant meals are based on menus collected on the regular pricing cycle for each city as described above. Rent. Rents are obtained each month by mail from tenants of representative sairples of dwellings in each of the U6 cities, and once every 2 years by personal visit, when local samples of dwellings are als<? reviewed. The rent index measures changes in rent from one period to another for the same rented dwellings, with the same facilities, furnishings and services. Other Shelter. Materials and services for house maintenance and repair are priced on the regular city pricing cycle. Prices of houses/ fire insurance rates, mortgage interest and taxes, which change only occasionally, are obtained annually or biennially, and changes estimated between pricing dates. Sales prices of houses are obtained ffom records of mortgages insured by the Federal Housing Administration. 7 Fuels, including Gas and Electricity, Prices prevailing on the 15th of the month are collected monthly by mail from f\iel dealers and utility companies in U6 cities. All Goods and Services other than Foods, Fuels and Rents, Prices are collected in person, on the city cycle described above, ft*om samples of representative department stores, apparel and shoe stores, housefurnishings and appliance dealers, barber shops, beauty shops, doctors, hospitals, moving picture theaters, etc. Prices for such items as newspapers, street car and bus fares, and telephone service are collected by mail. Prices of used cars are obtained from car dealers through a trade association. Price changes for all items in each city are combined in accordance with their inportance in the "market basket" for that city to obtain an average price change for that city. Price changes for the U6 cities are combined for the U.S. with the use of 1950 population data. Each city is given an iirportance or weight proportionate to the wage-earner and clerical-worker population it represents in the index. The 12 largest cities, each weighted by its own population, when combined have about two-fifths of the total weight in the national index. Each of the 3 other city-size groups has about one-fifth of the total weight; i.e., the 9 other large cities, the 9 mediuirwsized cities, and the 16 small cities. City indexes are compiled for the 20 largest of the i|6 cities priced for the national average. The remaining 26 cities in which prices are collected are: Anna, Illinois Camden, Arkansas Canton, Ohio Charleston, W. Virginia Evansville, Indiana Garrett, Indiana Glendale, Arizona Grand Forks, N. Dakota Grand Island, Nebraska Huntington, W. Virginia Laconia, New Hampshire Lodi, California Lynchburg, Virginia Madill, Oklahoma Madison, Wisconsin Middlesboro, Kentucky Middletown, Connecticut Newark, Ohio Pulaski, Virginia Ravenna, Ohio Rawlins, Wyoming San Jose, California Sandpoint, Idaho Shawnee, Oklahoma Shenandoah, Iowa Youngstown, Ohio The present index, as described above, has been linked (spliced) to the "interim adjusted" Consumer Price Index for 3h cities, issued through December 1952, to form a continuous series back to 1913• 1/ For detailed descriptions of the Consumer Price Index, its uses and limitations, see the following: "The Consumer Price Index," A Short Description of the Index as Revised, 1953. "The Revised Consumers? Price Index—A Summary of Changes in the rr-iex and Suggestions for Transition from the 1Interim Adjusted? and 1Ci : Jerks' Indexes to the Revised Index." Bureau of Labor Statistics Bulletin No. 1039: "Interim Adjustment of Consumers1 Price Index." January 1951 Reports "Consumers1 Price Index and Retail Food Prices." December 1952 Report: "Consumers1 Price Index and Retail Food Prices." Monthly Labor Review articles: The Revised Consumer Price Index Adjusted Consumers1 Price Index: Interim Adjustment of Consumers1 Selection of Cities for Consumer Revision of the Consumers1 Price (February 1953). Relative Iirportance of Items (June 1951). Price Index (April 1951). Expenditure Survey-1950 (April 1951). Index (July 1950). 1/ See December 1952 report, "Consumers1 Price Index and Retail Food Prices." Tables of rebased "interim adjusted" indexes for the U. S. and for 20 cities are available upon request. W ^ r, L // UNITED A A i H l N E W S E O E M a r t i n // RELEASE l FOR RELEASE: l j ^ STATES p ^ D u r k i n - l ^ t DEPARTMENT OF LABOR ' t Friday, July 2k9 1953 2:00 P.M. E.D»T. Z EXECUTIVE 3-2^20 Moffatt - Ext. 532 "Old Series" Consumers1 Price Index* June 1953 "Old Series" Consumers1 Price Indexes have be&n compiled for the months January-June 1953 at the direction of the President and the^Secretary of Labor,-to facilitate 6rderly transition to use of the Revised Indent in wage escalator clauses under collective agreements The Bureau of labor Statistics has no authorization or appropriation to continue the "Old Series" beyond the June Index issued in tljis release* The Revised Index ohly will be issued hereafter, on the 1935~39 ~ 100 base* well as on the official 19U7-U9 31 100 base period* This will be the last report for. the "old series" ifidex. For a description of the-Revised-Indexj see "The Consumer Price Index^- A Short Description of the Index as Revised, l953»n For discussion of the arithmetic problems of transition from the "Old Series"-to the Revised for wage contract purposes,.see "The Revised Consumers1 Price Index A Summary of Changes in the Index and Suggestions for Transition from the !Interim Adjusted1 'and !01d Series Indexes to the Revised Index." The "Old Series" Consumers' Price Index for June 1953 Has 190.9 (1935-39 = 100), an increase of 1.1 percent from May, the U#S. Department of Lnbor's Bureau of Labqr Statistics announced today• There was also an increase of 1.1 percerit over the March-June quarter > which, for both periods, reflected higher prices for food and a continued increase in residential rents. OLD SERIES CONSUMERS1 PRICE INDEX KOR MODERATE-INCCME FAMILIES 1/ U, 5, AVERAGE AND 3.8 CITIES BY GROUPS JUNE 15, 1953' (1935-39 - 100) : « • City r T 1 U. S. AVERAGE Atlanta, Ga# Baltimore, Md* Birmingham, Ala* Boston, Mass* Chicago, 111® Cincinnati, Ohio Detroit, Mich* Houston, Texas . Jacksonville, Fla*~ Los Angeles, C4lif* Memphis, Term* Mobile, Ala® New York, M*Y* Philadelphia, Pa* Pittsburgh, £3,* Portland,'Me*' ' St. Louis, Moi San Francisco,Cal* • ; All s Items Fuel, Elec. & •• * •% Refrigeration «• «• :Gas & Foodtjkppairel : Rent: Total :Elec. *• t : House- : Miscels furnish- : laneoos ings • * » %j 190.9 227J4 202.2 232.0 215.8 2U2.1 197.3 2 2 2 . 1 211.3 196.6 ' 180.6 213.5 186.2 195.7 229.3 209.2 195.0 235.8 203.5 200.U 235.il 199.6 193.il 232.1 212.6 198.2 231iU 193.6 188.7 222.3 192.8 190.8 236.9 216.6 220,6 203.U 185.6 l85.ii 226.1 205.5 226.7 I97.it 190.5 19)4.6. 23U.9 227.ii 181.9 205.7 203.9 192:9 2UOi3 203.5 199.1 2lf1.8 196.U 197.7 19lu6 1U0.3 : 151.81 100.8 161.0 157.0 137.8 168.0 139.9 1 3 6 . 7 160.3 l6i±,8 106.2 1 6 6 . 9 155.7 107.8 lii6.0 151.0 -:a52.5 135.2' 150.3 155.2 159.7 i35ti 165.5 13lu2 158.3 137. h 106.1; • 206, u 1 179.9 216.7 189.9 87.5 112.6 1 2X1.1 181.0 195.7 175.5 79.3 19li.2 118.5 • 172.0 196.2 181.1 83.5 110.6 195.0 !! l8l.ii 2l8.ii 92.7 199.1 182.6 91. ii 196.7 188.8 86.6 202.i; 100.6 20ii.i| 178.ii 162.2 81.8 18)4.3 8U.6 I6it.ii 179.1 105.8 177.9 195.3 212.2 101} i 2 179.9 llil.O 175.0 205.li ilii.5' 203.9 17)u3 90.8 173.2 183*5 9)4.2 200.5 176.3 PERCENT CHANGE JTICK MARCH 15, 1953 U.S. ,V£T?AGE 1.1 2.0 0.2 1.2 -1.5 , i °'2 0.6 Atlanta, fta. 1.1 l.)4 3.7 0.1 -0.3 -2.5 -0.2 Baltimore, Md. -0.lt -0.1 l.il -2.7 3.1 ' 0 Jl -0.3 Birmingham, Ala. 0.1 -5.8 0.2 2.14 -0.1 0.7 0 Boston, Mass. 0.8 0.1 -0.7 0.5 2.3 -0.2 -3.1 0 Chicago, 111. -1.8 0.8 2'. 8 1.9 1.7 1.5 0 0 Cincinnati, Ohio )i.2 0.3 2/6.9 -1.3 0.7 2.5 Detroit, Mich, ii.6 0.5 0 0.6 0.8 2.1 -1,0 0 -1.2 Houston, Texas -0.1 -l.il -0.7 i.ii -0.3 0 1.6 -0.1 Jacksonville*, Fla. 2.5 0.1 1 1.0 2.li 1.3 Los Angeles, Calif, -l.it 0 -3.8 0. 1 !i -0.3 0.7 0.5 0 2.8 0.8 i 0 0.1 0.2 Memphis, Tenn. 1.5 3.1 Mobile, Ala. 0 0 . 1 0 . 1 1.0 -2.7 0.2 -0.9 0 2.6 -2.2 New York, N. I. -0 . 2 -0.1 0 . 8 0.2 1.5 2.6 -0.3 ' 0 1.0 -0.8 Philadelphia, Pa. 0.7 -3.1 0 Pittsburgh, Pa. -0 -1.2 0.1 2.9 .5 1.5 0.3 Portland,"He." 0.2 0 0.2 -o.lt 0.8 -3.2 0.7 0.5 St, Louis, Ho. 0 0.2 1.1 2.7 1.3 2.3 0.6 2/0.3 San Francisco,Calif, 0.9 1.2 -0. 1 2/1.6 0 1 0 1.0 0.3 1 ; 1/ For details on the reinstitution of the "old series" indexes see "Memorandum to Users ox the Consumer Price Index, February 3 > 1953*" If Change from December 1952. Labor - D. C. * March corrected from 152.6 to 152.5