Full text of CPI Detailed Report : March 1960
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Released April 25, i960 U.S. DEPARTMENT OF LABOR Bureau of Labor Statistics Washington 25, D. C. CONSUMER PRICE INDEX FOR MARCH i960 The Consumer Price Index rose slightly in March, by 0.1 percent, to 125.7 (19^7-^9=100), the U.S. Department of Labor's Bureau of Labor Statistics reported today. The most important advance in March was in food prices, which showed the first rise in 6 months, largely as a result of seasonal influences. The usual spring uptrend occurred also in prices for apparel and gasoline. These and a number of other small price increases among most groups of commodities and services were almost offset by a stronger-than-usual March decline in prices of used and new cars, and the expected downturn for heating oil. FOOD Prices for food (for home use) reversed the downtrend that began last October and rose 0.3 percent in March. Restaurant meals continued the gradual price rise of the past several years. Higher prices for meats (chiefly pork and chicken), and for eggs and fresh fruits accounted for most of the rise in food (at home). Price increases for all cuts of pork reflected a seasonal decline in pork production from the winter peak. Poultry prices were at their highest since August 1958* The 2.8 percent price increase for eggs resulted from lower production and marketings following inclement weather in late February and early March, but egg prices remained well below levels in most months of 1958 and 1959- Declining supplies of oranges and apples primarily contributed to the rise in prices for fresh fruits. Tempering the increase in other food prices, most important fresh vegetables declined in March, because of plentiful supplies, chiefly of lettuce, tomatoes, cabbage, celery, and onions. OTHER COMMODITIES AND SERVICES The March drop in used car prices (^.1 percent) was the largest in almost 5 years, so that the March index (90.8 percent of the January 1953 level) fell 7-6 percent below the 7-year high of last September. Price weakness in March doubtless resulted from a combination of influences, including large inventories, slow sales during the winter, and competition from compact cars. Prices for new cars also declined more than usual in March, as factory-sponsored sales contests and record-high inventories prompted dealers to offer larger concessions. In contrast, prices of other durable goods were up 0.2 percent. Durable housefurnishings prices rose partly because of the usual return to regular prices following February sales. Nondurable goods, other than food, also were up a little. Apparel prices, which usually rise in the spring, went up an average of Q.k percent in March, reflecting chiefly introductions of new spring clothing. Prices for gasoline also rose in March, but fuel oil declined, as is usual at this time of year. 2 Services continued their almost uninterrupted rise, but most of the price increases were small in March. In particular, increases were reported for most medical services, laundry and dry cleaning, and water. COST-OF-LIVING ADJUSTMENTS Railroad workers (upwards of 800,000 employes) are the only major group to receive a wage increase—one cent an hour—on the basis of the March Consumer Price Index. The change comes as a result of a semi-annual adjustment. Wages of about 225,000 electrical workers and about 95*000 aircraft workers, which are adjusted also on the basis of the March index but at quarterly intervals, will not be changed. About 13,000 workers in a variety of industries, also having quarterly adjustments, will receive a one-cent-an-hour raise. TABLE A: Revised indexes for specified groups and cities for January and February i960 City Date All items U.S. city average Jan. i960 Feb. i960 Los Angeles Jan. i960 Feb. i960 mmmm 129-1 128.8 Revised indexes (1947-49 = 100) Other Durable goods Private and commodiTranspor- transporservices ties tation tation 11*7-6 147-5 136.3 136.0 143-7 142.6 139.9 135.9 113.3 113.3 132.9 Used cars 93.4 94.7 — - - Boston Jan. i960 — 11*8.5 141.8 — — — Kansas City Jan. i960 — 15^.9 140.0 — — — Minneapolis Jan. i960 — 131.8 124.8 — — Portland Jan. i960 127.2 145.2 138.9 — — Seattle Feb. i960 129.0 146.4 134.3 — — - - 143.1 3 TABLE It Consumer Price Index—United States city average Major group, subgroup, and special group indexes, March i960 and percent changes from selected dates (1947-49=100 unless otherwise specified) Percent change to March i960 from Indexes March February February i960 I960 I960 All items 125.7 125.6 0.1 Food 117-7 111*. 7 135.5 117.4 114.4 135.2 •3 •3 107.2 106.2 116.1* 116.5 125.9 102.9 117.8 - 131.2 Group 125.0 103.4 118.0 Food away from home (Jan. 1 9 5 3 = 1 0 0 ) .2 •9 .1 -7 •5 .2 December 1959 March 1959 Year 1.6 111.6 0 149.9 143-5 136.9 157.7 133.7 170.0 0.2 - .1 -3 .7 .6 - -3 - .4 - 1.9 .6 — - .7 1.0 - 3.7 2.3 3.6 - 3.6 3.2 1939 113.6 (1/) 2.0 72.5 1.5 4.7 - 2.2 .9 2.4 63.0 18.3 131.3 l4l.2 124.1 137.2 104.7 136.9 141.0 124.0 139.0 104.3 136.3 .1 .1 .1 - 1.3 .4 .4 108.8 108.9 99.6 139.7 93.0 108.4 108.7 99.3 138.7 92.8 .4 .2 .3 .7 .2 - .4 .2 .7 0 .1 1.7 1.0 .6 146.5 134.9 199.4 •136.0 - 1.5 - 1.9 1.1 .7 199.3 .7 .8 .1 1.1 3.9 106.0 145-3 155.0 154.7 .2 1.2 3.9 113.5 132.7 132.6 .1 .2 2.3 122.7 Reading and recreation 120.9 120.6 .2 .4 3.1 91.9 Other goods and services 131.7 131.8 .1 0 3.5 86.5 129.7 129.7 0 .2 2.2 87.7 123.1 123.0 .1 0 1.4 122.2 116.7 116.7 118.0 117.4 119.4 0 •3 •3 - -3 .2 .7 118.3 117.7 119.6 - .1 .2 108.6 103.2 128.9 112.5 108.3 103.0 128.8 - .3 .5 .5 0 1.9 1.6 126.2 130.2 149.9 103.7 108.4 Housing 3 / —•••• — Rent Gas and electricity Solid fuels and fuel oil Housefurnishings ••• • •• Household operation ••• ••••••••• • Apparel Hen's and boys1 Footwear Other apparel • • — » — • Transportation-" Private Public Medical care > • - • • • •• Personal care- •••• •• • 1 — •• •* *l47.5 - - .7 .3 l.l - .1 .5 1.0 - - 5.8 1.3 143.3 96.1 100.1 107.2 114.4 82.8 177-7 129.1 108.7 Special groupss All items less food All items less shelter — CommoditiesNondurable s Food — • • • Nondurables less food Apparel — • •••• Apparel less footwear Nondurables less food and a p p a r e l Durable s — — • 1 • • •• •• — — New cars Used cars (Jan. 1953=100) Durables less cars—' » — •••••— 90.8 * 94.7 103.6 103-4 .2 .1. - .7 - 1.4 - 4.1 - 3.5 - 4.6 .3 .3 - 115.7 116.0 149.2 141.2 151.3 148.9 l4l.O 150.9 .2 .1 — — 138.3 183.9 161.3 134.9 - - .2 - 1.1 .2 — Commodities less f o o d - - - • • - — — • •• Service s — — Rent Services less r e n t — — — Household operation services, gas, and electricity Transportation services Medical care services - • • •••••• Other services — — 138.3 *113«3 140.2 •3 .3 .8 .8 2.0 0 - 1.2 .2 (y) 95-6 96.3 142.6 (1/) .4 80.8 .6 1.1 94.8 .9 •3 l.l 3.3 1.5 3.7 85.6 63.O 105.9 59.0 129.6 128.8 131.4 - 52.7 137.8 .4 183.6 .2 160.8 134.7 •3 1.2 .7 1.3 .1 1.0 3.4 3.1 4.6 3.6 $0,796 0 .1 - 1.5 Purchasing power of the consumer dollar (1947-49=11.00) $0,796 - J / Not available. 2J Includes house purchase, interest, taxes, insurance, and upkeep, not shown separately. 2J Includes house purchase, interest, taxes, insurance, and upkeep services; shoe repairs, television repairs, barber and beauty shop services, and movies. * Revised. See table A, page 2. 4 T A B U 2s ConsuMr ftrios latex—111 items indexes and percent ohanges, eelected dates U.S. city average and 20 large cities Percent change to current month from — Indexes (1947-49=100) March United States city average •••• • • Tear i960 December 1959 March 1959 125.7 125.5 123.7 59.4 129.2 123.9 • • • -129.3 124.5 126.0 129.0 124.0 128.9 124.2 126.5 127.2 123.2 126.6 121.7 123.4 58.6 59.0 60.4 60.1 59.2 March I960 December 1959 March 1959 126.7 127.7 123.6 126.3 131-6 126.4 127.2 123.8 126.6 131.8 124.3 126.4 122.2 126.0 129.0 November 1959 February 1959 126.1 125.6 121.4 3/129.0 121.9 126.4 125.4 121.5 129.2 121.7 124.8 124.1 120.3 126.9 121.3 January i960 October 1959 January 1959 126.4 127.0 126.2 126.6 3/127.2 126.7 126.9 126.5 126.8 126.3 125.4 124.5 125.3 124.4 124.2 City •• December 1959 1939 Tear March 1959 1939 1.6 111.6 .2 1.6 .1 .3 .2 .4 .6 120.5 110.0 2.1 2.3 2.1 114.1 107.2 112.8 0.2 Cities priced monthly 1/ Detroit Los A n g e l e s * — Hew York Philadelphia — •• - Cities prioed in March, June, September, December Atlanta 2/ — Cincinnati St. Louis— — — —. Cities priced in February, May, August, November February i960 2/ Cities prioed in January, April, July, October 2/ Kansas City Minneapolis Pittsburgh - - Tear December 1959 1939 58.3 57.9 58.4 59-3 58.6 Tear November 1959 1939 59.2 59.5 58.5 59.2 6o.4 Tear 1939 .2 .4 .2 .2 .2 - - .2 - .2 .1 October 1959 January 1959 - .2 .2 .1 - 58.1 58.3 117.3 120.6 111.6 113.0 124.6 Tear February 1959 .2 61.0 61.7 60.7 1939 1.9 1.0 1.1 .2 2.0 1.0 1.2 .9 1.7 .5 - Tear March 1959 .2 .2 .7 1939 113-0 111.1 107.5 117.9 101.8 Tear 1939 .8 2.0 107.2 •7 1.8 2.4 107.9 117.9 118.2 105.8 j/ Bests priced biiootUy* 2/ Foods, fuels, and a fev other items priced Monthly; rents and other oanoditiei; and services pricsd quarterly. * Revised. See table A, page 2, for revised indexes. TABUS 3 s Consumer Price Index—Peroent changes from February i960 to March i960 U.S. city average and five cities priced monthly All items and coaaodity groups All items City Bbited States city average— Chicago Detroit • 1 ••••• • - ••••• • • —— * Rev Tork Philadelphia * Based on revised indexes. Food Housing 0.1 0.3 0.1 .1 0 .4 .1 .4 .6 .7 .6 .1 .8 0 .2 0 .1 0 - See table A, page 2. Apparel 0.4 - .2 .3 0 .7 .9 Transportation Beading fedical Personal and care care recreation * - 0.7 * - .8 - 1.5 1.6 - .7 - .3 - Other goods & servioes 0.2 0.1 0.2 - o.l 0 .1 0 .1 .8 .1 .1 0 0 1.0 .6 - .2 - 0 .1 0 .1 .7 - .1 0 .1 * TABIC 4s Consumer Frioe Index—All i t i u and caanodity groups March i960 indexes and percent changes, December 1959 to March i960 U.S. city average and 10 cities priced in March i960 Atlanta BaltiCity more Average Grasp Chicago Cincin- Detroit •Los nati Angeles New York Philadelphia St. Louis San Franciscc Indexes (1947-49-100) Cereals and bakery products Meats, poultry, and fish — — — — — — — Solid fuels and fuel oil Housefuraishings Household operation Apparel lien's and boys' Voaen's and girls' Footwear — — Other apparel — — — — 127.7 129.2 123.6 123.9 129.3 124.5 126.0 126.3 131.6 117.7' 114.7 135.5 115.0 112.6 126.4 108.4 116.3 125.9 98.9 118.2 li3-9 132.9 106.8 116.8 121.5 104.2 115.1 112.2 130.4 101.3 120.3 119.3 107.9 117.8 114.6 135.4 107.5 117.4 123.0 105.2 116.5 113.5 124.8 102.1 112.8 134.3 103.3 124.4 119.4 147.3 108.6 115.0 138.3 105.9 120.7 116.8 142.0 112.3 119.7 121.0 102.9 120.0 116.6 136.3 109.8 121.1 125.4 101.8 116.7 111.3 123.0 101.3 103.4 129.5 111.1 122.7 119.5 151.3 111.7 120.4 132.8 102.6' 136.1 140.5 132.5 138.0 110.4 145.8 128.2 138.7 109.7 130.6 100.1 135.5 140.6 125.4 143.8 129.1 152.9 96.2 138.3 127.1 125.5 129.4 116.9 127.6 109.0 125.0 138.7 148.2 141.9 129.3 130.0 139.4 102.5 138.8 129.3 149-9 110.9 160.7 104.0 139.0 135.4 153.3 150.4 107.1 126.6 99.6 139.7 93.0 114.6 117.5 104.5 145-5 93.7 111.3 106.8 105.7 142.7 98.7 112.5 115.4 100.7 144.1 97.1 107.7 108.4 97.9 145.0 105.3 107.5 94.1 136.0 89.6 140.7 95.2 108.6 109.1 100.5 136.3 93.6 110.2 109.1 101.3 146.1 91.6 146.5 134.9 199.4 144.6 136.0 193.8 162.1 140.9 215.4 156.8 205.7 155.0 132.7 120.9 131.7 146.6 139.7 123.6 166.6 133.3 132.4 140.3 167.3 137.7 125.5 124.0 116.4 125.O 103. ^ 131.3 141.2 124.1 137.2 104.7 136.9 108.8 — * Transport*t ion — — — — — P r i v a t e - - — - — — — — - - — Medical care — — — — -— Personal care — — — — — — — — Other goods and services 126.7 107.2 Fruits and vegetables Other foods at hone — — — ; lousing — — Rent — — 125.7 — — — — IO8.9 133.9 167.2 137.4 — — IO6.7 104.6 127.7 120.7 138.4 105.5 138.3 85.6 111.4 112.8 102.6 141.4 86.2 107.9 108.8 97.5 140.5 97.2 145-6 134.1 191.4 136.8 129.0 179-4 144.9 138.5 186.5 148.5 130.0 191.4 155.7 135.9 193.4 161.4 138.1 237.1 164.8 151.9 184.8 155.3 129.2 158.6 134.1 149-7 134.8 121.0 102.2 130.9 139.8 133-0 143.8 124.0 123.6 133.3 160.6 112.2 143.0 124.5 132.3 170.4 131.6 98.9 132.0 157.6 130.4 120.3 133.6 - 0.4 - 0.2 - 0.2 - - .8 - 1.0 2.3 - 1.7 — 135.6 109.7 141.7 107.8 109.6 96.8 — Percent change from December 1959 to March i960 All itens — Food Food at houe Cereals and bakery products Meats, poultry, and fish Eairy products — — — — Fruits end vegetables Otter foods at bom — — — — Housing Bent Gas and electricity — — — Solid fuels and fuel oil Ion se furnishings — — — — — — Household operation Apparel Men's and boys' — — — — — — Vcmb'i end girls' Footwear — — — — — — — Other apparel — •— transportation — — — — — — P r i v a t e — — — — — — — — 0.2 0.2 0.4 .1 .3 .7 .7 .6 1.0 .7 •5 3.7 .6 .6 - .3 - .4 - 1.9 - .6 .6 - 1.1 - 1.2 - •3 .4 - •7 •3 - 1/ * — — — .5 .9 .6 .2 0 0 1.0 .8 1.1 .1 - .4 - .2 - .7 0 - .1 - - - .5 .3 - 1.2 .1 .3 - .3 .6 .4 .3 - 1.4 1.3 3.1 - .3 - 2.0 - 2.1 - 2.0 2.2 - 2.6 •3 1/ -5 .1 - .1 .2 0 0 .7 0 •3 - 2.5 - .2 .8 - .1 — - .6 1.3 .8 .6 - .3 - 1.8 .6 .9 0 .7 - 1.5 • - .4 - 3.5 .4 - .3 - .7 1.2 - 1.0 - 2.8 .4 - - .6 .6 - 2.2 - 2.8 - 1.8 - 2.0 0 0 0 1.2 .2 - - .7 .4 - 4.8 .3 .1 1.1 .2 - 0 0 ,- .3 - .5 .7 - .6 .1 - 3.4 0 - .4 .4 3.6 2.9 - 3.2 - 1.6 - 2.3 - 2.4 .8 — -3 .1 .8 .5 1.8 .3 1.3 1.3 .1 0 .2 .2 .1 .6 0 - .1 .2 - .5 - 2.5 13.5 - .1 .3 .1 .6 V -3 -3 - 1.1 1.0 1.6 - .4 0 .2 2.5 •3 - .3 0.2 0.3 .3 .2 1.1 - 3.2 0 .5 .4 - 0.1 .h 1.1 Change from January i960 to March i960. See table A, page 2, for revised indexes. •5 .4 - .4 - 1.5 •5 .6 .4 •5 .7 4.0 1.3 - 3.1 - 0.2 - 2.8 - 1.5 - 1.9 Public Medical care — — — — — Personal care — — — — — — Reading and recreation — Otter goods and services — — 5.2 0.2 .2 .2 .3 .1 - -3 .5 1.3 - 1.4 - -3 - 1.9 - .7 0 .2 - 1.4 1.6 - .1 - 1.4 •• 1.4 - 1.0 .2 1/ .1 " .8 3.7 .5 - - .1 .3 - .2 .1 - .9 1.3 .4 - 1.0 .1 - - .4 .4 0 .9 - .5 - 8.3 - .2 - -3 - .6 .3 - 1.7 1.1 .2 - 1.9 .4 •3 0 .5 .3 - 1.4 1.2 .6 •7 .6 0 .1 .6 - .4 .4 0 .1 .1 - .3 - .1 0 - 1.2 - 2.8 - 1.5 0 - 3.2 0 - .1 1.5 .1 .8 .4 0 0 .1 6 City U.S. city average Atlanta Baltimore Boston Chicago - — Cincinnati Cleveland Detroit Houston Kansas City Los Angeles Minneapolis New York Philadelphia — Pittsburgh Portland, Oreg. St. Louis San Francisco — Scranton Seattle Washington, D.C. TABI£ 5t Consumer Price Index — Food and its subgroups March i960 Indexes and percent changes, February i960 to March i960 U.S. city average and 20 large cities (1947-49=100) Total Cereals and Meats, poultry, Dairy Total food bakery products and fish food at hone products Percent Percent Percent Index Percent Percent change change ehange change change 117.7 0.3 114.7 115.0 118.2 .8 1.3 .5 .6 0 .4 .7 .3 •3 .6 112.6 118.3 115.1 117.8 113-4 116.5 113.0 110.7 124.4 116.6 120.7 .1 .1 .8 .2 .2 .7 .4 .8 .1 .6 120.0 118.4 120.0 116.7 122.7 113.9 120.9 117.9 TABLE 6t Food and unit Cereals and bakery products; 113.9 114.9 112.2 114.6 110.3 113.5 109.7 107.3 119.4 113.0 116.8 116.6 116.2 116.9 0.2 107.2 .9 1.3 •7 .7 .2 .5 .9 .5 •5 .4 108.4 106.8 108.6 147.3 .4 3-2 .5 1.2 1.4 .1 .1 .2 .2 .3 135.0 142.0 136.3 133.7 140.9 .1 .1 .1 .2 .4 123.O 1.0 .1 .1 .1 1.0 .2 132.9 132.6 130.4 135.4 128.2 124.8 125.8 128.2 151.3 133.2 147.9 131.8 .8 101.3 107.5 101.3 102.1 100.8 101.1 108.6 102.7 112.3 109.8 107.2 109.2 101.3 111.7 105.3 109.3 106.1 Percent change 0.9 116.4 - 0.1 125.0 1.0 1.0 1.0 2.0 1.2 .9 1.1 .5 1.4 1.3 116.3 116.8 113.0 120.3 2.4 - .1 - 1.0 - .2 .2 .1 .2 0 .1 0 125.9 121.5 128.1 119.3 123.0 118.8 134.3 118.9 114.6 138.3 - .2 - 1.2 .1 .3 .2 - -3 1.3 .1 1.3 - .8 128.6 121.0 1.3 l.l 2.5 .2 .9 •9 0 .8 0 117.4 110.5 112.8 115.9 108.6 115.0 107.6 119.7 121.1 117.9 121.6 103.4 120.4 112.8 .5 119.8 119.9 Other foods at home 129.5 132.8 121.6 103.4 0.5 - 98.9 104.2 101.4 107.9 105.2 105.4 103.3 1.2 2.2 100.8 96.5 105.9 .2 .2 .1 - 121.2 122.8 120.5 130.3 - 0.7 - 125.4 Percent change .9 1.2 .3 1.6 1.8 .3 2.1 3.4 .1 .4 - 1.8 108.4 - 102.9 101.8 113.0 106.1 111.1 102.6 100.5 1.9 .8 2.0 1.1 2.0 1.1 3.5 - .5 .7 103.4 106.7 1.9 .9 .2 .7 1.5 .4 .7 .1 .2 .7 1.2 2.5 Consumer Price Index — Average retail prices of selected foods U.S, city average March I960 Cents s lb. Flour y wheat 54.9 20 oz. Biscuit mix 26.9 . , -- lb. Corn meal < 13.1 . lb. Rice, short grain 18.7 Rice, long grain — 20.5 18 oz* Rolled oats 21.9 Corn flakes 25.7 lb. Bread, white 20.0 , — lb. Soda cracjcera 28.9 Vanilla cookies — 7 oz. 24.4 Meats, poultry, and fish: Round steak lb. 105.6 Chuck roast — ib. 62.6 ib. Rib roast 81.6 Hamburger lb. 52.7 Veal cutlets lb. 144.0 Pork chops, center cut 80.8 lb. Bacon, sliced — 58.8 lb. Ham, whole 58.8 — lb. Lamb, leg • lb. 73-7 lb. Frankfurters • 61.2 Luncheon meat, canned — 12 oz. 50.4 Frying chickens, ready-to-cock — ib. 44.2 47.4 Ocean perch, fillet, frozen — ib. 56.4 Haddock, fillet, frozen ib. 65.O Salmon, pink, canned 16 oz. 32.2 Tuna fish, canned to ah oz. 6 Dairy products: Milk, fresh, (grocery) — — qt. 24.7 Milk, fresh, (delivered) it25.9 Ice cream §• gal. 87.5 74.4 Butter Cheese, American process — ~ — \ lb. 33.9 Milk, evaporated 14^-oz. can 15.7 Fruits and vegetables: Frozen: 26.6 10 oz. Strawberries 22.4 - 6 oz. Orange juice concentrate Peas, green • 10 oz. 19.9 9 oz. Beans, green • 22.7 Fresh: • lb. Apples 14.7 16.2 • lb. Ban&nae • • doz. 64.9 Oranges, size 200 19.0 • lb. Lemons 12.1 Grapefruit * * Priced only in season* 135.5 126.4 .1 .2 .9 .3 .2 .8 .6 111.3 119.5 112.2 118.1 115.0 0.3 Fruits and vegetables February I960 Cents 54.7 27.0 13.1 18.8 20.5 21.7 25.7 20.0 28.9 24.4 105.2 62.6 81.3 52.5 143.1 78.2 58.2 58.2 72.5 61.2 50.3 43.2 47.6 56.6 65.0 32.2 24.7 25.9 87.5 74.5 33.8 15.7 26.6 22.6 19.9 22.8 14.1 16.5 63.4 19.1 12.1 Food and unit Fresh—Continued ib. Peaches * Pt. Strawberries * — _ lb. Grapes, seedless lb. _ Watermelons * — 10 lb. Potatoes _ lb. Sweet potatoes. — lb. Onions —-— .. lb. Carrots head Lettuce _ lb. Celery — lb. Cabbage _ lb. Tomatoes _ lb. Beans, green • Canned: . 46-oz. can Orange juice • _ #2i can Peaches — — #2 can Pineapple •»• #303 can Fruit cocktail _ #303 can Corn, cream style #303 can Peas, green #303 can Tomatoes — •• 4& to 5 oz. Baby foods Dried: lb. Prunes — — lb. Beans Other foods at home: 10h to 11-oz. can Tomato soup _ 16-oz. can Beans with pork 15 oz. Pickles, sliced ... . 14 oz. Catsup, tomato .•..i...- lb. can Coffee _ _ lb. bag Coffee — pVg. of» 16 Tea bags — — — 30 oz. Cola drink, carton • Shortening, hydrogenated 3 ib. Margarine, colored — — - — — ib. Lard •. „• • , • • ib. Salad dressing • • •• ••• • • pt. — lb. Peanut butter Sugar ft lb. Corn syrup « -24 oz. • 12 oz. Grape jelly — • 1 oz. Chocolate bar — doz. Eggs, Grade A, large Gelatin, flavored March I960 Cents 69.3 12.8 8.1 12.7 17.7 14.3 9.9 32.8 43.0 33.5 37.7 27.O 18.7 20.0 15.8 10.0 February - iq6O Cents 68.6 12.8 8.4 12.9 20.1 14.8 10.8 37.4 33-0 43.5 33.5 37.6 27.0 18.8 20.0 15 A 10.0 39.4 16.8 39.5 16.9 12.5 14.9 26.4 22.3 75.4 59.6 24.3 29.0 12.4 14.9 26.3 22.3 75.4 59.6 24.4 29.1 80.8 26.9 18.1 80.6 27.0 18.2 35-9 55.3 57.5 36.1 55.4 57-3 26.6 28.8 5.1 ^9.5 9.3 Labor D.C. 26.6 28.7 5-1 48.2 9-3 7 Brief Explanation of the CPI The Consumer Price Index (CPI) measures average changes in prices of goods and services usually bougjit by city families of wage earners and clerical workers*. It is based on prices of about 300 items which were selected so that their price changes would represent the movement of prices of all goods and services purchased by wage and clerical families; they include all of the important items in family spending. Prices for these items are obtained in k6 cities which were chosen to represent all urban places in the United States; they axe collected from grocery and department stores, hospitals, filling stations, and other types of stores and service establishments which wage-earner and clerical-worker families patronize. Prices of foods, fuels, and a few other items are obtained every month in all k6 cities. Prices of most other commodities and services are collected every month in the 5 largest cities and every 3 months in other cities. Mail questionnaires 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 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 the 20 large cities for which separate indexes are published in this report, as well as from the following 26 medium-sized and small cities: Anna, Illinois Camden, Arkansas Canton, Ohio Charleston, W. Virginia Evansville, Indiana Garrett, Indiana Glendale, Arizona Grand Porks, N. Dakota Grand Island, Nebraska Huntington, W. Virginia Laconia, New Hampshire Lodi, California Lynchburg, Virginia Madill, Oklahoma Madison, 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 inaex numbers for the United States city average and for 20 large cities are available on request to the Bureau of Labor Statistics in Washington or any of its regional offices (addresses below). The historical tables include index numbers for All Items, Food, Apparel, and Rent for periods from 1913 to date; and for other groups of goods and services from 1935 to date. BLS Regional Offices Atlanta 1371 Peachtree Street, N. E. Zone 9 New York Chicago San Francisco Boston 3^1 Ninth Ave. 105 West Adams St. 630 Sansome St. 18 Oliver St. Zone 1 Zone 3 Zone 11 Zone 10 LABOR - D. C.