Full text of CPI Detailed Report : June 1960
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Released July 22, I960 U.S. DEPARTMENT OF LABOR Bureau of Labor Statistics Washington 25, D. C. CONSUMER PRICE INDEX FOR JUNE 1960 The Consumer Price Index increased in June to 126.5 (1947-49 = 100), exceeding the May high by 0.2 percent, the U.S. Labor Department's Bureau of Labor Statistics reported today. Price increases for food—chiefly fresh fruits and pork--accounted for almost all of the rise, but food prices advanced somewhat less than usual for June. Gasoline prices recovered sharply from an unusually late spring decline and rents resumed their mild uptrend. A number of price declines moderated the June increase in the CPI. Prices fell seasonally for some important foods, chiefly fresh vegetables and eggs. In addition, new car prices dropped more than usual for June, prices of appliances decreased for the fifth successive month, and furniture prices also were down. FOOD Prices for food bought for home use rose 0.6 percent in J u n e — l e s s than usual for the month. Restaurant meals continued their longterm price uptrend. By June, average prices for foods were 1.2 percent higher than a year earlier, chiefly because egg prices were up sharply over the year and prices for fresh fruits were substantially above 1959 levels. Fresh fruits continued to increase in price from May to June, as they normally do at this time of year, chiefly because of dwindling stocks of apples and reduced supplies of citrus fruits. On the other hand, prices of fresh vegetables decreased seasonally with expanding supplies. There were particularly substantial reductions for tomatoes, green beans, and head lettuce. Prices for fresh fruits and vegetables combined rose 3.5 percent in June. They were 4.2 percent above prices in June 1959--last year's high--entirely because of higher prices for the fruits. Pork prices have been rising since February reflecting both seasonal declines in production and marketings and a substantially reduced pig crop. Prices for all cuts of pork rose in June. Nevertheless, prices for pork products were still 1.5 percent below a year earlier. In January they were 15 percent below January 1959 prices. Because of cyclically lower marketings of hogs, this year-to-year differential has been declining steadily in 1960. Prices for beef and veal decreased moderately in June for the second successive month because of larger marketings of fed cattle, which have reached a record high this year. By June, beef prices were 2.8 percent below the recent cyclical peak in July 1959. Prices for eggs declined seasonally, but were 15.6 percent above the postwar low last June. Poultry prices also went down from May to June. Dairy products remained unchanged in price, and average prices of cereal and bakery products resumed their long-term upward trend. DURABLE COMMODITIES Prices for durable commodities dropped in June—appliances, furniture, and new cars. Dealers' selling prices of new cars declined 0.9 percent—more than usual for the month. Indications are that dealers' concessions on standard-size cars have been rising more than customary so far in the model year. The sizable price decreases are the result of high production, heavy inventories, and competition from domestic compact cars. Prices for virtually all household appliances declined in June, Kitchen and laundry equipment prices—especially for refrigerators and washing m a c h i n e s — have been falling since February. Price weakness in the major appliance markets has developed because of declining sales and heavy inventory accumulations. In the case of washing machines, prices were cut also in June in anticipation of the annual introduction of new models. Prices for table model television sets decreased in June after rising throughout the earlier part of the year. The June downtrend resulted from special sales and also reflected competition from new 1961 lines, especially the 23-inch sets. The number and value of sales for TV sets this year have been well above 1959 levels. Furniture and bedding prices declined in June also, because of special sales and the introduction of new, iower-priced lines of living room and bedroom suites, sofa-beds, and metal dinette sets. Sales have not held up well recently, and unfilled orders on the books of furniture manufacturers in the first 5 months of 1960 were substantially below those for the same period of 1959. NONDURABLE COMMODITIES Prices of nondurable commodities other than food rose slightly in June, reflecting chiefly a sharp rebound of gasoline prices from a drop in May, and a return to regular prices for household textiles from prices prevailing during May white sales. Prices for coal and oil for home heating continued their usual summer decline. Gasoline prices rose 1.5 percent in June in response to the onset of the summer farming and motoring season. The June gasoline index, at 134.6, was 2.7 percent above June 1959 but 1.0 percent below the peak reached last year in October, when the Federal tax increased 1 cent a gallon. Average apparel prices have been marked by relative stability during the past quarter because of offsetting influences. Prices for men's and boys' clothing have been moderately up and those for women's and girls' apparel have been going down. The increase for men*s and boys' wear has resulted chiefly from higher manufacturing costs of men's suits, work trousers, and dungarees. Prices for women's and girls' apparel often decline in the late spring and summer, when retailers reduce stocks in preparation for active fall selling. By June, prices for all apparel items averaged 1.5 percent above a year earlier, the previous June peak. SERVICES Prices for services continued to rise in June, but the uptrend has been slower during the past several months than at any similar period in recent years. Prices for medical care services increased less in June (0.1 percent) than in any month since March 1959. Special sales in some places reduced average dry-cleaning rates. Also, movie admissions averaged lower because a number of theaters returned to regular prices after the showing of special features. Rents rose 0.1 percent in June, chiefly because of increases in large and moderate-size cities. They continued to decline in June in the smaller cities. COST-OF-LIVING ADJUSTMENTS About 600,000 workers will receive wage increases on the basis of the June CPI. Quarterly escalator adjustments will go into effect in several aircraft and electrical equipment c o m p a n i e s — 2 cents an hour for about 235,000 workers and 1 cent for about 115,000 workers. Under contracts adjusting cost-of-living allowances on a semiannual b a s i s — m o s t l y in the trucking industry—approximately 200,000 workers will receive a raise of 2 cents and 50*000 will receive 1 cent. 3 TABI£ It Consumer Price Index—United States city ayerage Major group, subgroup, and special group indexes, June 1960 and percent changes from selected dates (1947-49=100 unless otherwise specified) Percent change to June 1960 from -- Indexes June 1960 May 1960 All items 126.5 126.3 0.2 0.6 1.6 113.0 Food 120.3 117.7 136.1 110.3 115.0 136.1 104.5 118.8 119.7 117.0 135.6 109.7 115.0 132.9 104.9 118.6 .5 •6 ,4 .5 0 2.4 - .4 .2 2.2 2.6 .4 2.9 - 1.2 8.9 1.1 .7 1.2 0.9 1.4 - 1.2 2.4 1.2 2.2 2.8 155.4 149.9 137.9 165.1 130.9 194.0 115.9 (I/) 131.3 141.6 124.7 132.3 104.3 137.3 131.2 141.4 124.7 132.9 104.3 137.2 .1 .1 .5 0 .1 0 .3 .5 - 3.6 - .4 .3 1.9 1.5 4.5 - 1.2 .2 2.5 72.5 63.5 18.9 134.6 95.3 100.7 108.9 109.8 99.1 140.1 93.1 108.9 109.7 99.4 139.8 93.2 0 .1 .3 .2 .1 .1 .8 .5 .3 .1 1.5 1.6 .3 4.2 1.4 107.4 116.1 81.8 178.5 129.3 145.8 134'. 1 199.7 145.6 133.9 199.4 .1 .1 .2 .1 .6 3.6 107.7 104.7 145.6 Medical care> 156.1 155.9 .1 .7 3.7 115.0 Personal care 133.2 133.2 0 .4 1.6 123.5 121.1 121.4 .2 .2 2.5 92.2 132.0 131.9 .1 .2 2.2 87.0 Group Meats, poultry, and fish Food away from hone (Jan. 1953=100) Housing 2 / Rent Gas and electricity Solid fuels and fuel oil HousefuraishingoHousehold operation •• 1 Men's and boys 1 • Women's and1 girls Footwear • Other apparel Private' Public • • •< — . • -• 1 • • • •• •••• Other goods and services • May 1960 - - - March 1960 - - .5 .6 .2 June 1959 - Year 1939 Special groupst All items less food All items less shelter-— •• •• Coanoditie s < Nondurable s Food •• • •••• Nondurables less food and a p p a r e l Durable o • New cars Used cars (Jan. 1953=100) » Durables less cars Commodities less food • - Service o 'Rent ' Services less rent • • ••••• Household operation services, and electricity-- • •• Transportation services • Medical care services Other services 3 / • — • • ••••• •• gas, — •• • • •• Purchasing power of the consumer dollar (1947-49=11.00) 129.7 129.7 0 0 1.7 87.7 124.0 123.8 .2 .7 1.5 123.8 117.6 119.8 120.3 119.6 108.7 103.3 128.7 111.5 136.5 88.4 103.2 117.3 119.4 119.7 119.4 108.8 103.4 128.4 111.9 137.8 88.1 103.5 .3 .3 .5 .2 .1 .1 .2 .4 .9 .3 .3 - .8 1.3 2.2 0 .1 .1 .2 .9 1.3 2.6 .4 .9 1.4 1.2 1.5 1.4 .9 1.5 1.2 1.3 5.8 - .1 127.9 133.1 155.4 103.7 108.6 <2/> 95.3 94.6 139.5 (l/> 80.1 - - 115.3 115.3 0 .3 .5 94.1 149.7 141.6 151.8 149.6 141.4 151.7 .1 .1 .1 .3 .3 .3 3.0 1.5 3.2 86.2 63.5 106.5 138.9 184.5 162.5 135.1 138.8 184.3 162.4 135.2 - .1 .1 .1 .1 .3 .7 .1 3.4 2.9 4.1 2.8 59.7 130.3 130.5 131.7 $0,791 $0,792 - .1 .6 - 1.5 - 53.0 - 1 / Mot available. 2 / 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 movies. 4 TABIC 2s C o a n a i r Prios Index—All items indsxes and psroent changes, selected dates U.S. city average and 20 large cities Peroent ohange to current month from Indexes (1947-49=100) June 1960 March 1960 June 1959 •—-i 126.5 125.7 124.5 130.1 125.1 129.7 124.9 126.4 129.2 123.9 129.3 124.5 126.0 127.7 123.4 127.0 122.5 124.0 June 1960 March 1960 June 1959 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 May 1960 February 1960 May 1959 127.1 125.1 122.1 129.7 123.1 126.1 125.6 121.4 129.0 121.9 125.3 124.1 120.0 127.9 121.8 April 1960 January 1960 April 1959 128.3 126.6 127.1 127.9 127.5 126.4 127.0 126.2 126.6 127.2 125.1 125.5 125.1 124.5 125.3 City United States city average — • ••• - — March 1960 June 1959 Year 1939 59.4 0.6 1.6 113.0 58.6 59.0 60.4 60.1 59.2 .7 1.0 .3 .3 .3 1.9 1.4 2.1 2.0 1.9 122.0 112.0 114.7 107.8 113.5 March 1960 June 1959 Year 1939 .3 .5 .8 .7 .6 1.3 1.3 1.2 0.7 2.2 118.0 121.6 113.4 114.5 125.9 May 1959 Year 1939 1.4 .8 1.8 1.4 1.1 114.7 110.3 108.7 119.1 103.8 April 1959 Year 1939 2.6 .9 1.6 2.7 1.8 110.3 105.2 109.4 120.1 118.7 Tsar 1939 Cities prioed monthly j / B§v York » Cities prioed In March, June, September, December 2/ Atlanta Cincinnati St* L o u i s — — Cities prioed in February, May, August, November 2) Cleveland Houston--—— — — — — — — . — ..... Scranton————-————————-——.... Seattle Washington, D. C. Cities prioed in January, April, July, October 2J Boston ....... ....... —-—...—-Kansas C i t y — — — — — — - — Minneapolis Pittsburgh Portland, O r e g o n — — — — — — — — — — — Ysar 1939 58.3 57.9 58.4 59.3 58.6 February 1960 Year 1939 59.2 59.5 58.5 59.2 60.4 - .8 .4 .6 .5 1.0 January 1960 Year 1939 61.0 61.7 60.7 58.1 58.3 - 1.5 .3 .7 1.0 .2 11 J / Rente prioed bimonthly. 2J Foods, fuels, and a few other items prioed monthly; rents and other commodities and services prioed quarterly. TABUS 3 s Consumer Price Index—Percent changes from May 1960 to June 1960 U.S. city average and five cities priced monthly All items and commodity groups City Other goods 6 servioes Food 0.2 0.5 0.1 0 0.1 0.1 0 - 0.2 0.1 .4 .6 .1 0 0 1.4 .8 .2 0 .7 .1 .1 .4 .2 .2 - 0.2 .3 - .4 - .1 - .4 .4 3.7 - .1 - .5 - .4 0 .1 Q 0 .4 - 0.1 .1 .1 - .5 - .1 - .3 - .1 - .2 - .4 - 2.1 - 1.0 .1 .4 - .1 0 tfaited States eity average— DetroitLos AngelesKsv York Philadelphia Reading Personal and care reareatlon All items — • • i . • •- Housing - Apparel Transportation Medical care TABIC 4.1 Consuner Erioe Index—111 item0 and caanodity groups June 1960 indexes and percent changes, March 1960 to June 1960 U.S. city average and 10 cities priced in Juge 1960 U.8. City Atlanta BaltiAverage more Group Chicago Cincinnati Detroit New York 1* a Angeles PhilaSt. delphia Louis San Francisco Indexes ( 1 9 V M 9 . I O O ) 126.5 127,1 128.3 130.1 124.6 125.1 129.7 124.9 126.4 127.2 132.4 i Food at hone — Cereals and bakery products -Meats, poultry, and fish Dairy products — Fruits and vegetables Other foods at horn — — — — i 120.3 117.7 136.1 110.3 115.0 136.1 104.5 117.6 115.8 126.0 114.0 116.4 134.1 99.9 121.2 117.3 134.6 109.3 116.7 135.2 104.5 118.8 116.3 131.2 104.1 120.4 135.3 109.8 121.5 118.6 136.0 112.7 117.5 134.1 106.9 120.0 117.5 128.7 105.4 112.5 146.7 105.0 126.4 120; 5 148.0 112.0 113.9 139.1 106.2 121.8 118.0 142.6 112.0 115.2 131.7 103.2 122.6 119.5 137.5 111.8 118.4 139.2 102.9 119.6 114.8 124.8 106.2 104.5 137.8 111.4 124.2 121.2 151.2 116.9 117.1 137.1 102.5 131.3 141.6 124.7 132.3 104.3 137.3 135.4 141.0 136.4 130.6 109.1 146.6 128.2 139.2 109.8 128.4 100.5 134.3 140.3 126.9 141.7 116.2 125.4 109.5 125.6 106.7 117.4 110.2 141.9 128.6 150.3 114.7 150.2 103.3 142.6 ,136.4 154.8 150.4 104.2 128.2 129.4 134.4 120.8 136.2 105.1 138.1 125.1 130.0 136.2 102.8 138.4 125.9 144.1 133.6 139.1 -96.7 142U 138.6 Rent - — — — • — — — — Oas and electricity Solid fuels and fuel oil —Housefurnishings — — — Household operation — — — — — — l lien's and boys' — — — Vooksn's and girls' Footwear — — — — — — — — — Other apparel — — — — — — 108.9 109.8 99.1 140.1 93.1 114.6 118.2 103.7 146.2 93.7 111.8 106.9 105.8 146.1 99.0 112.2 116.1 99.4 144.1 97.7 107.8 108.6 97.9 145.0 89.8 106.0 108.4 95.0 136.1 85.9 110.8 113.3 101.2 141.9 85.1 107.9 109.1 97.0 141.2 97.6 107.3 110.2 95.6 140.5 94.8 108.9 109.6 100.7 136.3 93.9 111.2 110.1 102.3 147.2 92.3 Transportation — — — — — — — P r i v a t e — — — — — — Jfcblic 145.8 134.1 199.7 143.7 135.0 193.8 160.1 138.8 215.4 155.2 135.6 205.7 143*4 131.7 191.4 140.7 133.5 179.4 143.2 136.7 186.5 147.4 128.7 191.4 154.2 134.2 193.4 161.2 137.9 237.1 164.2 151.3 184.8 Medical care — — — Personal care — — — Reading and recreation Other goods and services 156.1 133.2 121.1 132.0 146.6 140.7 123.0 133.5 167.1 133.5 127.7 140.6 168.0 137.8 125.3 122.7 155.4 129.1 111.8 131.4 159.9 134.1 116.6 140.0 151.2 134.5 102.4 133.6 144.0 124.6 124.6 133.3 161.2 143.4 121.6 132.4 170.2 138.5 100.3 132.9 158.7 130.8 120.2 133.7 All ite*s —* y o o d A w w t — — — - - — 141.6 — 107.4 126.6 Perc:ent change froei March 1960 to June 1960 All items — 0.6 0.3 0.5 0.7 0.8 1.0 0.3 0.3 0.3 0.7 0.6 Food 2.2 Food at hone — — — — — — — 2.6 Cereals and bakery products — .4 Meats, poultry, and fish 2.9 Dairy products — - — — « — - 1.2 Fruits and vegetables 8.9 Other foods at hoae 1.1 2.3 2.8 - .3 5.2 .1 6.5 1.0 2.5 3.0 1.3 2.3 - .1 11.3 .3 3.2 3.7 .6 2.8 .1 13.4 1.8 3.1 3.5 .4 4.8 .1 9.0 1.6 3.0 3.5 3.1 3.2 - .3 9.2 1.6 1.6 .9 .5 3.1 - 1.0 .6 .3 .9 1.0 .4 - .3 - 3.8 8.8 .3 2.2 2.5 .9 1.8 - 2.2 11.0 1.1 2.5 3.1 1.5 4.8 1.1 6.4 .3 1.2 1.4 .1 4.7 - 2.7 3.2 - .1 lousing 0 Rent — — — — — — — — — .3 Oas and electricity .5 Solid feels and feel oil — — - 3.6 lousefernishlngs — — — - .4 Household operation .3 - .5 .4 2.9 - 5.4 - 1.2 .5 0 .4 .1 - 1.7 .4 - .9 .2 0 - 2.3 .3 - .3 .4 .2 3.5 - 9.0 .5 2.7 - .2 1/-1.0 .6 - 1.7 .5 .5 - .5 .3 3.4 - 6.5 - .7 2.6 .7 1.0 0 Apparel — — — — — — — Men's and boys' — Women's and girls' — — Footwear — — — Other apparel — — — — — .3 .5 .2 0 .3 .9 .9 1.0 .8 •8 — - — - .1 - .2 - .4 .4 1/ *7 .1 - 1.6 - .4 - .1 - .3 0 -13.4 .5 .1 — — — .1 .8 .5 .3 .1 - 0 .6 .8 .5 0 .4 .1 .1 2.4 .3 - .3 .6 - 1.3 0 .6 .1 .2 0 0 .2 .7 .8 1.0 .1 .4 .5 .4 - 1.4 .4 - 1.3 - 0 .3 .5 .5 .4 .5 .5 - 1; 2 - .1 - .4 transportation — — — — — P r i v a t e — — — — — — Public- .5 .6 .2 - .6 .7 0 - 1.2 - 1.5 0 - 1.0 - 1.3 0 - 1.5 - 1.8 0 2.9 3.5 0 - 1.2 - 1.3 0 - .7 - 1.0 0 - 1.0 - 1.3 0 - .1 .1 0 Medical care — — • - . Btrscnal care — — — — — Reading and recreation ™ — . Other goeds and services — .7 .4 .2 .2 0 .7 .5 .3 .3 .2 - 3.5 .2 .4 .1 - .2 - 1.0 - .1 .1 .4 .4 .8 0 - 3.6 .1 1.0 .2 .2 .5 .1 .5 .8 0 .4 .3 - 2.3 .1 - .1 5.2 1.4 .7 1/ — — — — - Change from April 1960 to June 1960. - - - - .3 '0 - - .4 .4 0 .7 .3 .1 .1 6 U . S . city average TABI£ 5t Consumer Prioe Index — Food and its subgroups June 1960 indexes and percent changes, May 1960 to June 1960 U.S. city average and 20 large cities (1947-49=100) Ueats, poultry, Dairy Total Cereals and Total food and fish bakery products products food at home Percent Index Percent Index Percent Percent Percent change change change change change 115.0 0.4 110.3 0.5 136.1 0.6 117.7 120.3 0.5 Atlanta — Baltimore Boston Chicago Cincinnati Cleveland Detroit Houston • Kansas City Los Angeles 117.6 121.2 119.0 118.8 121.5 117.1 120.0 114.8 114.0 126.4 .7 .6 .3 1.4 .9 .6 .8 .3 1.2 .2 115.8 117.3 115.6 116.3 118.6 114.4 117.5 111.6 111.4 120.5 1.0 .5 .3 1.5 1.0 .8 .9 .5 1.5 119.3 121.8 122.6 122.1 121.3 119.6 124.2 116.5 122.6 120.9 1.0 0 .7 .1 .7 .9 .1 .6 0 116.2 118.0 119.5 120.4 118.5 114.8 121.2 114.9 120.1 118.5 1.1 .1 .8 .2 1.0 1.2 .1 .5 0 .5 City — — Minneapolis — New York Philadelphia — Pittsburgh Portland, Oreg. St* Louis San Francisco Scranton • Seattle Washington, D,C» 126.0 134.6 129.2 131.2 136.0 128.7 128.7 125.5 130.8 148.0 .6 1.1 2.9 .2 .1 .5 2.8 .1 .5 .3 134.9 142.6 137.5 134.3 140.8 124.8 151.2 134.5 147.6 132.4 .5 .4 .1 2.0 .1 .2 .3 .5 114.0 109.3 110.2 104.1 112.7 116.4 116.7 107.7 120.4 117.5 105.4 104.6 104.5 112.0 1.5 .6 .6 .7 2.1 1.6 1.5 .5 1.4 1.4 104.9 112.0 111.8 110.5 111.9 106.2 116.9 109.3 113.4 108.6 .5 1.1 .4 .4 1.4 .8 1.1 1.1 1.0 .4 107.5 115.2 118.4 117.7 121.3 104.5 117.1 109.9 119.6 120.1 106.8 110.1 112.5 112.1 111.2 113.9 Fruits and vegetables Index Percent change 136.1 2.4 Other foods at home Percent change - 0.4 104.5 -0.1 0 .3 .2 .1 0 - .4 - 3.0 .5 .6 134.1 135.2 137.3 135.3 134.1 130.5 146.7 126.4 123.9 139.1 2.1 4.2 3.9 7.5 2.6 1.4 1.6 5.1 3.4 - 0.1 99.9 104.5 101.5 109.8 106.9 106.8 105.0 101.5 99.3 106.2 - .1 - 1.0 - 1.6 - .6 - .4 - .3 - .8 0 1.1 - .2 0 .3 0 .1 .4 3.1 .3 0 .1 .1 141.8 131.7 139.2 138.8 128.0 137.8 137.1 130.9 136.4 135.5 5.9 2.3 3.4 - .1 2.8 1.7 - 1.4 1.1 - .7 3.6 110.0 103.2 102.9 114.2 106.1 111.4 102.5 101.0 102.6 107.5 - .5 - 1.1 - .1 - .7 0 - .2 - .3 - .3 - .6 - TABLE 6 s Consumer Price Index — Average retail prices of selected foods U.S. city average Food and unit Cereals and bakery products: Flour, wheat 5 lb. Biscuit mix 20 oz. Macaroni 16 oz. lb Corn neal • * Rolled oats is oz. C o m flakes — — 12 oz. Rice, short grain -. — lb. Rice, long grain • lb. Bread, white ib. Soda cracjcers • • • ••• ib. Vanilla cooicies — Heat8, poultry, and fisht - ib. Round steak lb. Sirloin steak - ib. Chuck roast —•• - lb. Rib roast - lb. Hamburger - ib. Veal outlets - lb. Pork chops, center cut < lb. Pork roast — — - lb. Bacon, sliced - lb. Ham, whole - lb. Lamb, leg - lb. Frankfurters —..... — — Luncheon meat, canned Frying chickens, ready-to-cock — ib. Ooean perch, fillet, frozen ib. Haddock, fillet, frozen ib. Salmon, pink, canned 1 j — i e oz. Tuna fish. canned -" 6 to si oz. Dairy products: Milk, fresh, ( g r o c e r y ) — — — Milk, fresh, (delivered) ^ Ice cream \ gal. Batter — il bb . Cheese, American process — — — h « -14&-OZ. can Milk, evaporated Fruits and vegetables: Fjrosen: Strawberries Orange juice concentrate — 6 oz. Lemonade concentrate — - - 6 oz. Peas, green •10 oz. Beans, green •• 9 oz. Potatoes, french fried 9 oz. Fresh! Apples ib. Bananas •• •••••— - ib. Oranges, sise 200 • • doz. — lb. Grapefruit Prioed only in season* June 1960 Cents 55.7 26.9 23.0 13.0 22.0 25.7 18.6 20.6 20.1 29.0 24.3 105.8 109.7 61.9 82.3 52.6 143.2 Hay 1960 £fil&fi 55.4 26.9 23.0 13.0 22.0 25.7 18.7 20.6 20.0 28.9 24.3 105.9 110.0 61.2 67.4 61.4 77.1 62.4 50.5 42w7 47.6 55.6 65.5 32.7 63.0 82.4 52.8 143.1 82.3 58.3 66.6 61.3 76.2 62.4 50.5 43.1 47.5 55.8 65.5 32.6 24.1 25.5 87.0 74.2 33.9 15.7 24.1 25.5 86.9 74.3 33.9 15.7 26.4 22.1 13.5 19.8 23.1 19.7 126.5 21.9 13.6 19.7 23.1 19.6 86.0 21.2 16.0 72.4 17.9 15.4 17.9 15.3 69.0 18.3 14.0 Food and unit Fre sh—Continued — lb. Peaches * pt. Strawberries * _ lb. Qrapes, seedless * _ ib. Watermelons * 10 lb. Potatoes — lb. Sweet potatoes_ lb. Onions •••••• •••• lb. Carrots — — ••-. head Lettuce — _ ib. Celery • _ ib. Cabbage _ ib. T o mtoe 8 — — _ ib. Beans, green • Canned: , 46-oz. can Orange Juice Pineapple juice — — 46-oz. ccan an Peaches — #2* Pineapple • #2 can Fruit cocktail _ #308 can Corn, cream style • _ #303 can Peas, green _ #303 can Tomatoes ••• . -^jaoa can Tomato juice - — 46-oz. can 4i to 5 oz. Baby foods Dried: lb. Prunes lb. Beans Other foods at home: 10& to 11-oz. can Tomato soup — • .i ld-oz. can Beans with pork — - .... , •••. IB oz. Pickles, sliced — — • 14 oz. Catsup, tomato — 4 oz. Potato chips 1 • lb. can Coffee —. lb. bag Coffee Tea bags ••••.. 1 • pkg. of 16 Cola drink, carton • -' ••• — — 38 oz. Shortening, hydrogenated 3 ib. Margarine, colored • • ib. Lard • •. ib. Salad dressing - pt. Peanut butter - — ib. Sigar C o m syrup — Crape jelly • •• • Chocolate bar Eggs, Grade A , large Gelatin, flavored s ib. . »a* oz. ••••• 12 oz. _ -I — 1 oz. 1' doz. June 1960 Cents May 1960 Cents 29.1 35.3 7.3 81.0 14.6 10.0 14.1 14.3 14.1 10.9 33.5 23.2 83.3 13.5 10.1 13.0 17.1 13.5 12.3 39.0 27.9 42.3 34.4 33.5 37.8 27.0 19.0 20.5 16.2 31.9 42.3 34.4 33.6 37.8 27.0 19.0 20.3 10.0 31.8 10.0 39.6 16.7 39.5 16.7 12.5 14.9 12.5 14.8 26.4 26.6 16.1 22.6 22.6 27.4 75.7 59.8 24.4 29.9 79.7 26.7 18.5 35.9 55.5 57.2 27.3 75.8 59.5 24.4 29.7 80.4 26.7 18.4 36.0 55.3 57.3 28.6 28.7 5.1 52.9 9.3 26.6 5.1 51.5 9.3 26.6 LABOR - D. C. 7 Brief Explanation of the CPI The Consumer Price Index (CPI) measures average changes in prices of goods and service^ usually bought b y 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 b y 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 axe collected every month in the 5 largest cities and every 3 months in other cities. Mall 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 1 services are obtained b y 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 are 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 che 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 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 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 3^1 Ninth A v e . Zone 1 Chicago 105 West Adams St. Zone 3 San Francisco 630 Sansome S t . Zone 11 Boston 18 Oliver St. Zone 10 LABOR - D . C . 8 Introduction of Thirteen New Prescriptions in CPI Starting in April 1960, prices for 13 new prescriptions were introduced into the Medical Care component of the Consumer Price Index as cities were priced replacing the three former prescriptions. By July I960, prices for these new prescriptions will be included for all 46 cities. The former prescriptions (which were selected to represent family expenditures for this category as shown by the Bureau's survey of family expenditures in 1950) were for three relatively simple compounds: a non-narcotic APC formulation; a standard cough preparation containing a narcotic; and a buffered penicillin. The introduction and widespread use of many new drugs since the original list of prescriptions was established made it advisable to revise the list of prescriptions priced to reflect current practices. Since it can reasonably be expected that many of the present volume-selling prescriptions will be replaced by newer compounds, continuity of indexes in the future will best be maintained by classifying prescriptions into therapeutic, end-use categories and publishing a composite prescription index based on the categories shown below: 1. 2. 3. 4. 5. 6. 7. Anti-infectives Sedatives and hypnotics Ataractics Antispasmodics Antiarthritics Cough preparations Cardiovasculars and antihypertensives Although the effectiveness and the quality of the newer drugs and the compounded prescriptions which result from them is unquestionably superior to those avail1 able several years ago, the new items were introduced by "linking, * that is, the level of the index is not affected by the differences in prices on the date of introduction. The total weight assigned to prescriptions in each city (averaging 0.4 percent in the U.S. index)will be unchanged but it will be re-distributed among the 7 end-use categories rather than among the 3 former prescriptions. The end-use categories selected for inclusion in the index were determined from published national data on frequency of purchase of prescriptions in retail drugstores and with the advice of informed industry and government sources. It is planned to review the list periodically and revise if necessary to maintain continous end-use indexes closely related to current usage. LABOR - D . C .