Area prices up 1.3 percent over the past six months, up 3.1 percent from a year ago
Prices in the greater Portland area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.3 percent in the second half of 2011, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Richard J. Holden noted the latest six-month increase was influenced by higher prices for shelter and food. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)
Over the past 12 months, the CPI-U rose 3.1 percent. Energy prices jumped 16.9 percent, mainly due to an increase in the price of gasoline. The index for all items less food and energy increased 1.8 percent over the year.
From Bureau of Labor Statistics – LINK
Consumer Price Index – January 2011
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in January on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.6 percent before seasonal adjustment.
Increases in indexes for energy commodities and for food accounted for over two thirds of the all items increase. The indexes for gasoline and fuel oil both increased in January, continuing their recent strong upward trend. The index for food at home posted its largest increase in over two years with all six major grocery store food group indexes rising.
The index for all items less food and energy also rose in January. The indexes for apparel, shelter, airline fares, and recreation all posted increases. In contrast, the indexes for new vehicles and for used cars and trucks declined in January.
Over the last 12 months, the food index has risen 1.8 percent with the food at home index up 2.1 percent; both 12-month changes are the highest since 2009. The energy index has increased 7.3 percent over the last 12 months, with the gasoline index up 13.4 percent. The index for all items less food and energy has risen 1.0 percent.
Many leases escalate the lease rates each year based on the change in the Consumer Price Index. In Oregon and southern Washington, the Portland-Salem index is likely the index cited.
The link to the web page with this information is http://www.bls.gov/ro9/ro9_or.htm. Go down to the News Releases section and select the “Portland-Salem, OR-WA (Semiannual News Release)” HTML or PDF link.
The semi-annual CPI Index comes out in July or August (for Jan thru June) and the Annual CPI for the each prior year comes out in February or March.
The full list of Western News Releases and Indexes can be found at http://www.bls.gov/ro9/news.htm.