Full text of CPI Detailed Report : May 1962
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Released June 26, 1962 U.S. DEPARTMENT OF LABOR Bureau of Labor Statistics Washington 25, D. C. CONSUMER PRICE INDEX FOR MAY 1962 The Consumer Price Index in May remained at 105.2 (1957-59=100), unchanged from April, the U.S. Department of Labor's Bureau of Labor Statistics reported today. (On the former base of 1947-49-100, the May index was 129.1.) The stability of consumer prices in the main reflected a balance between lower prices for food, solid fuels, and gasoline, and further price gains for services and used cars. Prices of consumer goods and services have advanced by 1.3 percent over May 1961, with the most important increases being for medical care services, housing, public transportation, food, used cars, and gasoline. FOOD A decline from April of 0.2 percent in average retail food prices resulted from lower prices for eggs, meats and poultry, dairy products, and most fresh fruits, moderated by a continuing rise in average prices of fresh vegetables The index for total foods, at 103.2, was nearly 1 percent above May 1961, primarily because of a 14 percent increase in fresh vegetable prices and a 2.5 percent advance in prices of restaurant meals. Egg prices dropped by about 4 percent between April and May 1962, reaching the lowest level for the month since 1959 and 5 percent below May 1961. The decline reflected ample supplies from a rate of production about 3 percent above a year earlier. A decrease of 0.5 percent in prices of meats was largely attributable to adequate supplies of beef and pork products and the influence of low poultry prices. Over the year, prices of meats, poultry, and fish have advanced about 1 percent, resulting from an increase of nearly 5 percent in prices of fish combined with higher average prices for beef and veal. Dairy products prices declined seasonally in May, reflecting lower prices for fresh milk, as production trended toward its annual peak. Prices of nearly all processed dairy products also decreased because of abundant supplies and the recent drop in government support prices for fluid milk at the producer's level. Average prices of fruits and vegetables advanced for the sixth consecutive month, due almost entirely to higher prices for fresh vegetables and apples. The advance in fresh vegetable prices was caused mainly by smaller supplies from a spring crop adversely affected by weather. HOUSING A rise of 0.1 percent in housing reflected mainly higher home ownership costs combined with a further increase in household operation services, particularly advances for laundry and dry cleaning and higher wage rates for domestic service. An additional small rise in residential rents also was reported. The most important reductions were those for coal and for household textiles. The downward movement in coal prices was attributable to seasonal factors while traditional white sales were primarily responsible for the 1.4 percent decline in prices of nondurable housefurnishings. MEDICAL CARE AND OTHER SECTORS The increase of 0.2 percent in the medical care resulted from higher professional fees, hospital room rates, and health insurance rates, partly offset by reductions in average prices of prescriptions and drugs. Since May 1961, medical care prices have advanced by nearly 3 percent, almost entirely because of increases for medical care services; average prices of prescriptions and drugs declined 1 percent. Transportation prices moved somewha-t higher (0.1 percent) as Increases for used cars and tires outweighed declines for gasoline and new cars. Public transportation charges were unchanged in May. Used car prices rose by nearly 2 percent as the relationship of sales to used car inventories remained favorable and sales increased somewhat more than seasonally. Used car prices in May were 11 percent above a year earlier and nearly 45 percent above the low recorded in March 1956. Dealers* selling prices of new cars declined an average of 0.4 percent. Gasoline prices declined by 1 percent due to sharp competitive declines in several cities. Apparel prices remained stable for the second consecutive month as increases in prices of men's clothing balanced declines in prices of women's and girls' apparel and footwear. Apparel prices were 0.5 percent above year ago levels largely reflecting higher prices for footwear and slight Increases for boys' clothing. COST-OF-LIVING ADJUSTMENTS Approximately 160,000 workers covered by cost-of-living escalator clauses are scheduled to receive increases ranging from 1- to 3-cents an hour on the basis of the change in the index to May 1962. About 60,000 workers, mainly employees of aerospace establishments, will receive 1-cent an hour increases on the basis of quarterly reviews. Some 85,000 workers in the meat packing industry will receive a 1-cent increase based on the rise in the index over the last six months. The remaining 15,000 workers, employed by various metal working companies, will receive either 2- or 3-cent increases, based on semiannual or annual reviews. 3 TABLE 1: Cootuner Price Index--United States city average Major group, subgroup, and special group indexes, May 1962 and percent changes, from selected dates (1957-59-100 unless otherwise specified) Indexes (1957-59-100) Indexea Percent change to May 1962 f r o m — 1947-49-100 1939-100 May 1962 May 1962 Group February 1962 May 1962 April 1962 April 1962 105.2 105.2 0 0.4 1.3 129.1 217.2 Food at hone — Cereals and bakery products-- — ------Meats, poultry, and fish--— Dairy products------------------------Fruits and vegetables Other foods at hose Food away from home -- 103.2 101.9 107.5 99.6 103.0 109.4 94.4 110.1 103.4 102.1 107.3 100.1 103.7 108.6 95.1 109.9 - 0.2 - .2 .2 - .5 - .7 .7 - .7 .2 .1 0 .4 - 1.0 - 2.0 6.3 - 3.1 .5 0.9 .6 2.0 1.1 - .8 2.2 - 1.4 2.5 121.8 118.4 142.5 109.9 116.6 135.2 104.3 (1/) 258.6 251.4 249.1 264.2 234.1 292.1 215.5 O/) Housing 2/ Rent — -----Gas and electricity-Solid and petroleum fuels — House furnishings-----------------------Household operation---------------------- 104.7 105.5 107.7 100.1 99.0 107.4 104.6 105.4 107.8 102.4 99.3 107.1 .1 .1 - .1 - 2.2 - .3 .3 .1 .3 - .2 - 3.8 - .3 .5 - 1.0 1.2 .5 0 - .4 1.5 133.5 145.1 125.6 136.4 103.1 140.8 175.4 167.5 119.7 241.9 193.0 205.8 102.7 103.1 100.0 109.1 100.6 102.7 102.9 100.3 109.2 100.3 0 .2 .3 .1 .3 .7 .3 1.0 .3 .8 .5 .3 0 1.5 - .2 110.1 112.1 99.3 142.9 92.7 209.8 220.7 182.3 284.1 228.2 107.3 106.0 115.6 107.2 106.0 115.6 .1 0 0 1.2 1.2 .7 3.2 2.9 4.2 151.2 138.1 215.2 215.3 210.9 264.7 Medical care------------------------------- 114.1 113.9 .2 1.0 2.8 164.9 227.2 Personal care--- 106.4 106.3 .1 .6 1.9 136.3 228.8 Reading and recreation---------— 109.5 109.4 .1 .4 2.3 126.8 201.3 Other goods and services 105.1 105.1 0 .1 .6 133.9 189.8 106.0 106.0 0 .5 1.4 132.9 192.4 105.2 105.2 0 .4 1.4 126.7 228.6 103.0 103.2 103.2 103.5 102.5 101.2 104.0 101.5 101.8 115.3 98.9 103.1 103.5 103.4 103.8 102.6 101.3 104.4 101.4 102.2 113.4 98.9 - .3 .1 .1 .2 .6 .7 - .1 .7 - .6 7.1 - .1 1.1 .8 .9 1.0 .4 .1 1.4 1.5 - .2 11.1 .2 119.0 121.2 121.8 121.2 109.9 104.1 130.7 112.5 136.8 (1/) 102.0 230.6 235.8 258.6 206.4 210.8 (1/) 198.4 196.3 240.0 (1/) 178.0 102.6 102.8 - .2 .4 1.1 116.6 196.1 109.4 105.5 110.1 109.2 105.4 109.8 .2 .1 .3 .5 .3 .5 1.9 1.2 1.9 155.3 145.1 157.8 193.1 167.5 214.8 108.4 111.5 116.6 108.7 108.2 111.5 116.2 108.2 .2 0 .3 .5 .3 .3 1.0 .7 1.1 2.0 3.5 2.0 142.2 192.7 174.0 140.3 163.5 240.5 246.7 240.6 $0,951 $0,951 0 .3 - 1.2 $0,775 $0,460 All items Men's and boys ' Women's and girls' —- — — — —- Trans portat ion Private Public - .— — — - . . — — — — . - May 1961 Special groups: All items less shelter — Commodities . Nondurables Food---Nondurables less food------------Apparel Apparel less footwear Nondurables less food and apparel---Used cars-— Commodities less foodServices — Household operation services, gas, and electricity — Transportation services--— - — - Medical care services--Other services V Purchasing power of the consumer dollar (Reference period-$l.00) .1 .3 .2 .3 .1 .1 .4 .1 - .4 1.7 0 - 1/ Not available. 2/ Includes house purchase, Interest, taxes, Insurance, and upkeep, not shown separately. 3/ Includes house purchase, Interest, taxes, Insurance, and upkeep services; shoe repairs, television repairs, barber and beauty shop services, and aovles. 4 TABLB 21 Consumer Price Index—All items index*a aid percent ohanges, selected dates U.S. oity average and 20 large cities (1957-59=100 unless otherwise specified) Indexes (1957-59=100) May 1962 City February 1962 Percent change to May 1962 from-May 1961 105.2 104.8 103.8 104.6 102.0 106.9 105.7 104.7 104.4 102.0 105.7 105.9 105.0 103.0 101.9 105.1 104.2 104.2 February 1962 May 1961 Indexes 1947-49=100 1939-100 May 1962 May 1962 1.3 129.1 217.2 1.6 0.1 1.7 1.4 .5 131.9 125.8 133. 3 127.4 128.6 225.1 213.1 220.7 211.9 217.2 May 1962 May 1962 .5 2.2 1.6 1.4 1.0 128.5 129.0 126.1 133.6 125.5 217.2 216.8 215.5 225.8 207.6 April 1961 April 1962 April 1% 2 2.1 1.0 1.2 .8 .3 132.7 130.8 130.5 130.2 128.7 217.6 211.9 215.1 224.2 220.8 March 1961 March 1962 March 1962 .5 .2 .8 .9 1.8 128.4 129.8 125.7 130.1 136.2 220.2 224.2 215.4 219.3 232.4 0.4 Cities priced monthly j/ Cities priced in February, May, August, November May 1962 2/ Cleveland Houston Scranton Seattle Washington, D . C. 103.5 104.7 105.7 106.3 104.2 Cities priced in January, April, July, October April 1962 2/ Boston Kansas City Minneapolis Pittsburgh Portland, Oregon 107.1 105.7 105.5 105.7 103.9 Cities priced in March, June, March 1962 Atlanta Baltimore Cineinnati St Louis San Francisco 103.7 104.6 103.3 104.8 107.3 September, December 2/ February 1962 May 1961 103.1 104.5 105.5 105.9 104.0 103.0 102.4 104.0 104.8 103.2 January 1962 April 1961 106.2 105.2 104.3 105.2 103.8 104.9 104.7 104.3 104.9 103.6 December 1961 103.4 104.4 102.6 104.4 106.5 March 1961 103.2 104.4 102.5 103.9 105.4 .2 0 1.1 - .2 - ,3 February 1962 May 1961 .4 .2 ..2 .4 .2 January 1962 .8 .5 1.2 .5 .1 December 1961 .3 .2 .7 .4 .8 2/ Rants prioed bimonthly. 2/ Food a, fuels, and a few other items priced monthly; rents and other commodities and services priced quarterly. TABUS 3s City Consumer Price Index—Percent changes from April 1962 to May 1962 U.S. oity average and five cities priced monthly All iteaas and commodity groups All it«M Food Cbited States city average— 0 Chicago • ••• •• Detroit— — Los A n g e l e s — — — — — Rev Tork Philadelphia - 0.2 - .2 .6 - .3 - .4 Housing - 0.2 - .9 .2 .8 - 1.0 - .3 - Apparel Transportation 0.1 0 0.1 .1 .2 .7 .2 .5 0.1 .2 .3 - .4 - .1 .2 - 3.9 1.1 .5 - .5 Reading and Medical Personal recreation care care 0.2 .1 1.0 - .1 .5 - .1 - 0th«r goods ft serrioes 0.1 0.1 0 .4 .1 .1 .1 0 .2 1.2 .4 0 - 2.9 0.4 - .1 .1 - .1 0 5 TABLE 4: Consumer Price I n d e x — A l l items and commodity groups May 1962 indexes and percent changes, February 1962 to May 1962 U.S. city average and 10 cities priced in May 1962 U.S. City Chicago CleveAverage land Group Detroit Houston Los Angles New York Phila- Scranton Seattle Washingto delphia D. C. Indexesi (1957-59=100) 2/ 105.2 104.6 103.5 102.0 104.7 106.9 105.7 104.7 105.7 106.3 104.2 Food Food at home Cereals and bakery products-Meats, poultry, and fish Dairy products Fruits and vegetables Other foods at home 103.2 10i.9 107.5 99.6 103.0 109.4 94.4 104.6 104.0 108.4 101.2 108.5 111.1 96.0 101.1 100.1 103.7 99.1 99.7 109.0 92.6 101.4 100.7 105.0 96.5 107.6 107.1 93.1 103.1 100.8 107.3 98.6 100.6 108.9 93.6 106.2 104.5 118.1 97.9 106.8 119.4 89.9 103.5 101.2 109.2 99.8 100.9 105.9 94.1 102.3 100.9 105.9 98.4 100.5 107.3 96.1 103.2 101.9 108.3 99.7 99.7 110.4 95.6 105.5 103.4 107.3 101.8 106.9 112.3 93.7 101.5 100.2 108.5 97.5 103.2 102.1 95.1 Housing 104.7 105.5 107.7 100.1 99.0 107.4 103.4 104.5 106.2 102.9 101.2 105.2 101.1 101.4 107.4 103.3 96.2 105.9 97.8 105.7 105.2 115.5 107.4 105.4 101.3 97.6 103.2 101.9 99.1 115.8 100.5 105.6 99.6 103.5 105.5 98.6 103.0 108.9 104.5 106.2 102.7 97.4 98.3 113.6 103.3 105.6 105.2 93.4 95.1 109.5 105.1 108.2 100.1 98.6 97.3 107.9 102.6 107.7 107.4 97.0 99.5 111.3 Apparel Men's and boys' Women's and girls' Footwear Other apparel 102.7 103.1 100.0 109.1 100.6 101.1 101.9 97.5 108.9 99.1 102.6 102.8 99.1 111.4 102.1 104.7 103.0 105.1 108.0 101.9 104.2 105.5 103.1 107.3 102.1 102.7 103.4 100.9 108.6 99.0 101.8 104.5 96.9 111.1 99.0 104.1 104.1 102.6 109.8 101.4 104.0 105.2 102.0 108.2 102.3 104.8 103.6 102.9 112.5 103.0 104.9 103.1 104.2 111.6 102.4 Transportat ion Private Public 107.3 106.0 115.6 106.9 106.9 107.9 107.6 106.4 114.8 101.6 99.0 114.4 109.0 107.7 117.4 112.2 108.1 140.4 105.4 107.1 100.8 108.8 107.7 113.1 104.5 105.1 100.4 109.2 107.8 121.2 105.5 104.7 110.0 Medical care Personal care Reading and recreation Other goods and services 114.1 106.4 109.5 105.1 117.4 107.6 100.8 102.0 118.5 105.4 106.9 106.5 114.6 107.4 107.0 102.2 107.2 112.7 111.4 106.8 114.0 103.5 103.2 106.3 114.7 104.4 110.5 103.5 116.3 107.9 99.5 104.2 113.6 114.3 128.1 107.5 109.7 108.1 104.6 109.8 117.7 108.7 110.2 102.5 0.2 0.4 0.2 .9 .7 0 .5 - 2.5 8.9 - 2.3 .4 .3 .3 .4 .3 3.8 - 3.3 - All items Gas and electricity Solid and petroleum fuels Housefurnishings Household operation Percent change fromi February 1962 to May 1962 All items 0.4 0.2 0.4 0 0.2 1.1 - 0.2 - 0.3 Food Food at homeCereals and bakery products-Keats, poultry, and fish Dairy products Fruits and vegetables Other foods at home .1 0 .4 - 1.0 - 2.0 6.3 - 3.1 - .6 - .9 - 4.2 - 1.5 - 1.3 5.7 - 3.4 1.0 1.2 0 - 1.2 - .1 10.9 - 1.8 0.6 .8 0 - 1.8 - .8 11.6 - 3.4 .2 .2 4.3 - 1.0 - 2.4 3.1 - 3.5 1.0 1.1 4.2 - 0.8 - .4 6.2 - 5.0 - 1.0 - 1.1 .9 - 1.1 - 5.4 4.0 - 2.9 - Housing Rent Gas and electricitySolid and petroleum fuels Housefurnishings Household operation .1 .3 - .2 - 3.8 - .3 .5 .3 .1 0 - 5.1 - .3 .2 .1 — .1 .3 0 - 1.7 .5 .7 1/ - Apparel--Men's and boys' Women's and girls' Footwear Other apparel .7 .3 1.0 .3 .8 .6 .9 .6 .1 .8 .4 .7 .2 .5 .2 Transportation Private Public 1.2 1.2 .7 1.5 1.9 0 1.0 1.2 0 Medical care Personal care Reading and recreation Other goods and services 1.0 .6 .4 .1 .5 .3 0 .2 - .2 .3 .9 .1 .2 0 .4 0 - - .4 .4 .2 - 2.0 0 1/ - .7 .3 0 .8 .3 .3 .2 .8 .2 .4 1.1 1.4 1.4 .1 1.1 .2 0 .5 0 .1 - 2.7 - 3.3 0 .2 .2 0 2.7 2.5 3.5 1.4 .2 0 - .2 .8 .9 1.1 - .4 3.3 .5 .6 .2 - - 1/ Change from March 1962 to May 1962. 2/ The reference base in the April 1962 report should have read (1957-59-100). - - - .2 .1 .1 .6 .4 5.7 - 3.6 - - .7 1/- .2 0 - 9.6 - 1.8 .5 .6 .7 0 - 5.7 - .4 .1 .5 1.7 0 0 - .4 3.9 0 .4 2.5 - 7.6 .6 .3 .3 .2 .8 .1 .6 1.1 1.0 1.6 .3 .6 .3 .1 .4 .4 .1 0 .1 .4 .2 .2 .2 .5 - .1 1.5 - 1.3 .9 1.1 0 .3 .7 0 - 1.0 - 1.2 0 .6 .6 .6 .4 .4 0 1.1 .1 .3 .1 .2 .2 - 3.3 0 1.2 .3 2.3 .1 .4 2.3 .7 - .6 .7 .5 .3 .9 .3 - .4 - 6.5 - .3 .1 - .2 .3 1.4 - 1.8 - 2.8 5.6 - 2.6 - 6 City TABLE 5: Couuaer Price Index--Food and Ita subgroups May 1962 indexes and percent changes, April 1962 to May 1962 U.S. city average and 20 large cities (1957-59-100) 2/ Cereals and Dairy Meats, poultry, Total Total food bakery productI products and fish food at hot Percent Percent Percent Percent Percent Index Index Index Index change change change change change U. S. city average— 103.2 101.9 Atlanta Baltimore-— Boston-------------Chicago------------Cineinnat i — - - - - - - Cleveland Detroit Houston-----------Kansas C i t y — Los Angeles--—----- 103.1 102.7 103. 7 104.6 101.2 101.1 101.4 103.1 102.6 106.2 102.4 100.4 101.9 104.0 100.1 100.1 100.7 Minneapolis-— — — — New York Philadelphia Pittsburgh-" Portland, O r e g . — — St. Louis-- — - — San F r a n c i s c o - — — Scranton—————— Seattle Washington, D. C. 102.4 103.5 102.3 102.4 104.3 102.3 105.4 103.2 105.5 101.5 0 1.0 .3 .7 1.3 .1 0 .3 .8 .1 TABLE 6: Food and unit Cereals and bakery products: Flour, wheat-— — -----.--5 lb. Biscuit mix -40 oz. Macaroni-------------------16 oz. Corn meal-lb. Rolled oats ------18 oz. Corn flakes-— 1 2 oz. Rice, short grain ---lb. Rice, long grain--- — - — - — — - - l b . Bread, white lb. Soda crackers--- — - - - - - - - - - - - l b . Sandwich cookies-- —--------16 oz. Meats, poultry, and fish: Round iteak-- — lb. Sirloin steak lb. Chuck roast lb. Rib roast--- —----------------lb. Hamburger----------------------lb. Veal cutlets--lb. Pork chops, center cut lb. Pork roast---------------------lb. Bacon, sliced lb. Ham, whole .... lb. Lamb, leg- —------------------lb. Frankfurters---...-----lb. Luncheon meat, canned-------12 oz. Frying chickens, ready-to-cook-lb. Ocean perch, fillet, frozen—--lb. Haddock, fillet, frozen-lb. Salmon, pink, canned--—---16 oz. Tuna fish, canned 5 to b\ oz. Dairy products: Milk, fresh, (grocery)--qt. Milk, fresh, (delivered) qt. Ice cream - — - — . — . . g a i . Butter-------------------------lb. Cheese, American process lb. Milk, evaporated ----14% oz. can Fruits and vegetables: Frozen: Strawberries-------------10 oz. Orange Juice concentrate—-6 oz. Lemonade concentrate--—--6 oz. Peas, g r e e n — — - — — — - - — 1 0 oz. Besns, g r e e n - — - - — - — — - - - 9 oz. Potatoes, french f r i e d - - — 9 oz. Fresh: Apples-----— — ----------....lb. Bananas------- - - - - — — — lb. Oranges, size 200----------doz. Lemons-- — --------—---..... lb. - - 0.2 107.5 .2 103.8 107.5 108.0 108.4 104.3 103.7 105.0 107.3 107.8 118.1 .2 .4 - 1.2 - .4 .6 .3 100.8 .2 101.6 104.5 .9 1.0 100.7 101.2 100.9 102.1 102.6 101.0 103.9 101.9 103.4 100.2 0 - 1.1 - .3 .9 1.4 .2 0 .2 - .9 .2 103.8 109.2 105.9 106.5 103.2 104.3 106.1 108.3 107.3 108.5 0.2 99.6 0 101.1 98.9 101.5 101.2 100.3 99.1 96 98.6 98.5 97.9 .1 .1 - 4.1 - 2.9 - .2 .4 .8 .3 4.2 .1 .4 1.2 .1 2.9 - .1 - .2 0 .1 - .4 99.6 99.8 98.4 102.7 101.9 99.1 100.9 99.7 101. 97.5 103.0 .5 1.4 .3 .8 .4 1.4 1.2 .2 .4 .9 .2 1.3 1.2 .7 1.2 .1 .3 0 .4 0 0.7 94.4 0.7 1.3 1.4 3.0 99.6 95.4 95.8 96.0 92.5 92.6 93.1 93.6 95.5 89.9 .6 102.8 98.8 95.5 108.5 101.5 99.7 107.6 100.6 103.1 106.8 .3 .1 .6 .8 0 .1 .2 .3 9.0 • .2 107.4 105.9 111.5 103.: 100. S 100.5 97.8 105.1 103.9 105.7 99. 106.9 103.2 .9 2.7 .5 0 .7 2.5 .4 .1 .1 0 im 111.1 - 105.2 109.0 107.1 108.9 108.8 119.4 1.5 5.2 4.1 - .3 - 1.9 106.8 105.9 107.3 110.6 114.1 107.5 119.1 110.4 112.3 102.1 - 1962 Cents 56.6 47.8 24.7 13.9 23.5 26.9 19.0 21.4 21.1 30.9 52.3 106.2 107.9 61.9 82.1 51.5 146.3 86.7 62.1 67.8 62.1 69.5 63.1 51.2 40.2 49.7 55.8 77.3 34.7 24.2 25.8 86.1 75.3 36.4 15.7 27.1 21.2 14.0 20.9 22.8 19.0 16.2 16.8 80.8 19.4 Other foods at hom Percent Index change 109.4 Consumer Price Index—Average retail prices of selected foods U. S. city average May April Food and unit Fresh--Continued Grapefruit—------— each Peaches * lb. Strawberries * — - - — pt. Grapes, seedless * lb. Watermelons * — lb. Potatoea—10 lb. Sweet potatoes-lb. Corn * doz. ears Onions-— lb. Carrots — lb. Lettuce-------------------—head Celery lb. Cabbagelb. Tomatoes----------------------lb. Beans, green lb. Canned: Orange juice—---------46 oz. can Pineapple juice 46 oz. can Peaches #2% can Pineapple #2 can Fruit cocktail #303 can Corn, cream style #303 can Peas, green #303 can Tomatoes #303 can Tomato juice — 4 6 oz. can Baby foods 4% to 5 oz. Dried: Prunes-------------------lb. Beans-------------------------lb. Other foods at home: Tomato soup --10% to 11 oz. can Beans, with p o r k - — - — - - 1 6 oz. can Pickles, sliced 15 oz. Catsup, tomato --14 oz. Potato chips-...-....-4 oz. Coffee---------lb. can Coffee--------— ib. bag Coffee, instant— --6 oz. Tea b a g s — — p k g . of 16 Cola drink, carton------72 oz. Shortening, h y d r o g e n a t e d - — — 3 lb. Margarine, colored--------------lb. Lard----------------------------lb. Salad d r e s s i n g - — - — pt. Peanut butter -----..-.—---lb. Sugar----— — . . . — — . - 5 lb. Corn s y r u p - - — - — ....24 oz. Grape jelly ---12 oz. Chocolate bar 1 oz. Eggs, Grade A, large----doz. Gelatin, flavored---—---3 to 4 oz. * Priced only in season. U Changed from 36 oz. to 72 oz. carton effective May. 2/ The reference base in the February 1962 report should have read (1957-59-100). Fruits and vegetables Percent change 1.0 2.0 1.1 - .6 .5 4.6 2.9 - .4 1.7 2.3 - 1.8 1.0 .3 .1 .9 .8 .2 1.2 0 .4 1.5 0 .7 .6 .6 .2 .3 1.2 93.6 94.1 96.1 95.5 93.4 94.3 92.0 95.6 93.7 95.1 1.1 2.0 1.1 April 1962 Cents May 1962 13.0 12.7 64.8 17.2 111.4 13.6 15.1 24.2 17.0 13.0 35.6 31.5 60.2 16.7 123.5 14.9 14.9 19.1 18.2 18.3 31.3 31.3 42.5 32.1 32.9 38.7 25.9 20.0 22.4 15.8 32.4 10.6 43.7 32.4 32.8 38.7 26.0 20.0 22.4 15.8 32.4 10.6 41.4 17.3 41.3 17.3 12.4 14.9 26.7 23.1 28.1 71.0 57.3 90.0 24.6 1/ 50.0 91.5 28.8 20.1 38.3 57.3 58.2 27.3 29.6 4.5 48.9 9.8 12.4 15.0 26.6 23.1 28.0 71.1 56.8 90.7 24.6 49.7 91.5 28.8 20.1 38.2 57.2 58.2 27.3 29.5 4.5 51.0 9.8 LABOR - D, C. 7 Brief Explanation of the CPI The Consumer Price Index (CPI) measures average changes in prices of goods and services usually bought "by city families of wage earners and clerical workers. It is based on prices of about 300 items which were selected so that their price changes would represent the movement of prices of all goods and services purchased by wage and clerical families; they include all of the important items in family spending. Prices for these items are obtained in k6 cities which were chosen to represent all urban places in the United States; they are collected from grocery and department stores, hospitals, filling stations, and other types of stores and service establishments which wage-earner and clerical-worker families patronize. Prices of foods, fuels, and a few other items are obtained every month in all k6 cities. Prices of most other commodities and services are collected every month in the 5 largest cities and every 3 months in other cities. Mail questionnaires are used to obtain local transit fares, public utility rates, newspaper prices, fuel prices, and certain other items which change in price infrequently.f 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 1957-59 s 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 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 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 for the U.S. 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 341 Ninth Ave. 105 West Adams St. 630 Sansome St. 18 Oliver St. Zone 1 Zone 3 Zone 11 Zone 10 LABOR - D. C.