UoS. DEPARTMENT OF LABOR Bureau of Labor Statistics Washington 25, D. C 0 CONSUMER PRICE INDEX FOR FEBRUARY 1963
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1 Released March 27, UoS. DEPARTMENT OF LABOR Bureau of Labor Statistics Washington 25, D. C CONSUMER PRICE INDEX FOR FEBRUARY The Consumer Price Index increased by percent in February, returning to its record high of 16 ( =1) which was first reached last September, the United States Department of Labor's Bureau of Labor Statistics announced today Higher prices for food and apparel were largely responsible for the advance. The index was 1 2 percent above a year ago, primarily because of continuing increases in prices of services and foods. FOOD Food prices rose by o 3 percent on the average in February largely as a result of higher prices of fruits and vegetables«prices of oranges and orange juice concentrate advanced sharply, and prices of most fresh vegetables, especially lettuce and cabbage, rose substantially the aftermath of freezing weather in producing areas during December and January* Banana prices declined, as supplies returned to normal levels following the end of the East and Gulf Coast dockworkers 1 strike* Green bean prices also dropped, as the Florida crop was supplemented by shipments from Mexico. Meat prices averaged lower, with seasonal increases in supplies of pork and some decline in beef prices, but poultry prices were up a little. Egg and milk prices were off seasonally, but bread and sugar prices advanced Compared with a year ago, food prices were up 1 8 percent largely because of an advance of 6 percent in fruit and vegetable prices and some increase in prices of meats, cereals, and restaurant meals. Dairy products prices were lower over the year. OTHER GOODS AND SERVICES Apparel prices were up by percent during the month as many items returned to their regular prices following special January sales. Women's and girls' apparel showed the largest advance ( percent), as new spring lines appeared in the stores, although clothing for all family members cost slightly more. Private transportation costs were und on the average as lower prices for new cars, gasoline, and tires offset advances in used car prices and auto insurance rates. Public transportation was up percent, reflecting transit fare increases. Rents continued to edge up and housefurnishings also advanced. and electricity rates were somewhat lower. Gas COST-OF-LIVING Cost-of-living allowances determined on a quarterly basis for more ADJUSTMENTS than 1, workers (primarily in the aerospace industry) will remain und on the basis of the February index. About 2,5 metalworking and meatpacking workers will receive an increase of 1 cent an hour based on quarterly or semiannual adjustments, and 16, trucking workers in New England will get 6 cents (or 1 mills a mile) based on the rise in the index since February 1961.
2 2 TABLE 1: Consumer Price Index--United States city average Major group, subgroup, and special group Indexes, February and percent s from selected dates ( unless otherwise specified) Jroup Indexes Percent to ( ) February from-- February January January November 1962 February 1962 Indexea February February All Items Food at home Cereals and bakery products Meats, poultry, and fish Dairy p r o d u c t s Fruits and vegetables- - Other foods at home- Food away from home (i/> <l/> Rent--" Gas and electricity Solid and petroleum fuels House furnishings Household operation Apparel Women's and g i r l s 1 Footwear Other apparel Transportation- - Private Public Medical care Personal care Reading and recreation Other goods and services Special groups: All Items less food All items less shelter Commodities Nondurables Food Nondurables less food Apparel -- Apparel less footwear- Nondurables less food and apparel- Durables New cars-- Durables less cars Commodities less food <i/) a/) a/) 177 Services R e n t Services less rent Household operation services, gas, and electricity Transportation services Medical care services- Other services 3 / Purchasing power of the consumer dollar (Reference period-$1.) $,943 $,943-1 $,769 $,456 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 movies.
3 TABU 21 Consider ftrioe Index 111 itaaa indexes and percent ohangaa, selected dates U.S. city average and 2 large oitlaa ( =1 unless otherwise specified) Indexes Percent to Indexes ( =1) February from C City February November February November February February February Cities prload Monthly 1/ United States olty average- Chicago- Detroit- Loa Angeles- Bay Tork- Philadelphia- Citiaa prioad in February, May, August, November 2/ Cleveland Houston Scranton Seattle Washington, D. C. Citiaa prioad in January, April, July, October 2/ Boston Kansas City- Minneapolis Pittsburgh Portland, Oregon Citiaa prioad in March, December 2/ Atlanta-- -- Baltimore Cincinnati St. Louis San Francisco- June, September, February November February November February February February January October January October January January January December September December September December December December V Rtota prioad blaonthly, 2/ Foods, fuels, and a fav othar iteas prioad Monthly; rents and othar oomoditiea and eervioea prioad quarterly* TABUS 3S Consumer Price Index Beroent s item January to February U.S. olty average and five cities priced Monthly All iteoa and oonodlty groups Reading Othar All Transpor- Medical Personal and goods A City itana Food Housing Apparel tation care care recreation earvioas ttoitad States olty average - - Detroit Loa Angalaa Haw York - Philadelphia 2 -
4 4 TABLE 4: Consumer Price Index All items ahd commodity groups February indexes and percent s, November 1962 to February U.S. city average and 1 cities priced in February Group U.S. City Chicago Average Detroit Houston Los Angeles New York Cleveland Philadelphia Scranton Seattle Washingto D. C Indexes ( =1) All items Food Food at home Cereals and bakery products Heats, poultry, and fish-- Dairy products Fruits and vegetables Other foods at home , Housing Rent Gas and electricity Solid and petroleum fuels House furnishings Household operation Apparel---- Men's and boys' Women's and girls' Footwear-- Other apparel Transportation Private Public Medical care Personal care Reading and recreation Other goods and services Percent from November 1962 to February All items - Food Food at home-- Cereals and bakery products Meats, poultry, and fish Dairy products-- Fruits and vegetables--- Other foods at home Housing Rent Gas and electricity Solid and petroleum fuels Housefurnishings Household operation / o - 1 1/ o J Apparel Men's and boys' Women's and girls'- Footwear Other apparel Transportation Private Public Medical care Personal care Reading and recreation Other goods and services A,, / Change from December 1962 to February.
5 City TABU 5: Consumer Price Index Food and Its subgroups February Indexes and Percent Changes, January to February U.S. city average and 2 large cities ( ) Total food Total Cereals and Meats, poultry, Dairy food * hmi bakery producti and fish products Index Percent U. S. city average Atlanta Baltimore Boston Chicago Detroit Kansas C i t y Los Angeles Minneapolis 11 1 New York Philadelphia Pittsburgh St. Louis San Francisco Scranton Seattie Washington, D. C , _ , , , , , _ , , 12 13, , 1-1, Fruits and vegetables Percent TABLE 6: Const* er Price Index Average retail prices of selected foods U. S. city average Food and unit February January Food and unit Cereals and bakery products: Flour, wheat 5 lb. Cents 56 Cents 57 Fresh Cont inued Grapefruit- - --each Biscuit «lx 4 oz Peaches * -- lb. Macaroni-- 16 oz Strawberries * p t. Corn m e a l l b Grapes, seedless * - lb. Rolled oats 18 os Watermelons * lb. Corn flakes 12 oz Potatoes 1 lb. Rice, short grain lb Sweet potatoes lb. Rice, long grain- lb Corn * doz. ears Bread, white lb Onions lb. Soda crackers lb Carrots lb. Sandwich cookies oz Lettuce head Meats, poultry, and fish: Celery lb. Round gteak lb Cabbage - lb. Sirloin steak- lb Tomatoes-- - lb. Chuck roast lb Beans, green lb. Rib roast lb Canned: Hamburger lb Orange juice 46 oz. can Veal cutlets lb Pineapple juice...6 oz. can Pork chops, center cut lb Peaches #2% can Pork roast lb Pineapple --#2 can Bacon, sliced - -lb Fruit cocktail #33 can Ham, whole- lb Corn, cream style- - -#33 can Lamb, leg lb Peas, green #33 can Frankfurters. l b Tomatoes-- --#33 can Luncheon meat, canned oz. 5 5 Tomato juice oz. can Frying chickens, ready-to-cook-lb. 4 4 Baby foods - 4% to 5 oz. Ocean perch, fillet, frozen lb Dried: Haddock, fillet, frozen lb Prunes lb. Salmon, pink, canned oz Beans lb. Tuna fish, canned- -6 to 6% oz Other foods at home: Dairy products: Tomato aoup- 1% to 11 oz. can Milk, fresh, (grocery) qt Beans, with pork oz. can Milk, fresh, (delivered) qt Pick lea, sliced 15 oz. Ice cream % gal Catsup, tomato oz. Butter lb Potato chips oz. Cheese, American process % lb Coffee- - lb. can Milk, evaporated 14% oz. can Coffee lb. Fruits and vegetables: Coffee, instant - -6 oz. Frozen: Strawberries 1 oz. Orange juice concentrate 6 oz. Lemonade concentrate 6 oz. Tea bags- - pkg. of 48 Cola drink, carton-- 72 oz. Shortening, hydrogenated 3 lb. Margarine, colored - lb. Peas, green 1 oz. Beans, green -9 oz. Potatoes, french fried -9 oz. Fresh: Apples lb. Bananas - -lb. Oranges, size 2 doz. lb Salad dressing ---- pt. Peanut butter lb. S u g a r - 5 lb. Corn s y r u p 2 4 oz. Grape jelly 12 oz. Chocolate bar 1 oz. Eggs, Grade A, large doz. Gelatin, flavored... to 4 oz Other foods at home Percent ' February January Cents Cents * Priced only in season. LABOR - D. C.
6 TABLE A: Consumer Price Index All items and commodity groups 1962 annual average indexes and percent s, 1961 to cities priced quarterly in February ( ) Group Cleveland Houston Scranton Seattle Washington, LLC. All items Food Food at home Cereals and bakery products Meats, poultry, and fish Dairy products Fruits and vegetables Other foods at home Housing Rent Gas and electricity Solid and petroleum fuels Housef urnishings Household operation Apparel Men's and boys' Women's and girls' Footwear Other apparel Transportation ~ Private Public Medical care Personal care Reading and recreation Other goods and services
7 Brief Explanation of the CPI The Consumer Price Index (CPI) measures average s in prices of goods and services usually bought "by city families of wage earners and clerical workers. It is based on prices of about 3 items which were selected so that their price s 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 h6 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 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 s 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 195 populations of cities they represent. Index numbers are computed on the base = 1. The national index (the United States city average) includes prices from the 2 large cities for which separate indexes are published in this report, as well as from the following 26 medium-si zed 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 d 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 2 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, 1 II. E. Zone 9 San Francisco 63 Sansome Street Zone 11 New York 341 Ninth Avenue Zone 1 Boston 18 Oliver Street Zone 1 Chicago 15 West Adams Street Zone 3 Cleveland 1365 Ontario Street Zone 14 Labor - D. C.
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