Area prices up 0.9 percent over the past six months, up 2.1 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 0.9 percent in the second half of 2012, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Richard J. Holden noted the latest six-month increase was influenced by higher prices for shelter and medical care. (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 2.1 percent. (See chart 1.) Energy prices declined 0.3 percent, mainly due to a decrease in the price of natural gas service. The index for all items less food and energy increased 2.5 percent over the year.
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.
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.