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For the latest data, click here. September 16, 2015
INFLATION-NATIONWIDE The cost of consumer goods and services as measured by the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2 percent nationwide from August ’14 to August ’15, according to data released today by the U.S. Bureau of Labor Statistics. Core inflation (all items less the volatile food and energy categories) rose 1.8 percent over the past 12 months.1 The cost of energy fell 15.0 percent since August ’14, with motor fuel decreasing 23.4 percent and household energy prices dropping 4.5 percent. Food prices rose 1.6 percent over the year due to the combined effects of a 2.7 percent increase in the cost of dining out and a 0.8 percent increase in grocery prices. The shelter index grew 3.1 percent since August ’14.
1 CPI data in this commentary are not seasonally adjusted.
-3%
-2%
-1%
0%
1%
2%
3%
4%
5%
6%
'05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16
Source: U.S. Bureau of Labor Statistics, not seasonally adjusted
Inflation, 12-Month Change
Houston CPI-U U.S. CPI-U
INFLATION-HOUSTON From August ’14 to August ’15, consumer prices in the Houston-Galveston-Brazoria metro area (Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery and Waller Counties) rose 0.3 percent, the first 12-month increase since December ’14. Core inflation, as measured by the index for all items without food and energy, rose 2.8 percent over the year. In the 12 months ending August ’15, the energy index fell 22.1 percent as all subcomponents registered declines: motor fuel (-27.2 percent); electricity (-13.3 percent); and natural gas (-11.8 percent). Food prices grew 2.1 percent during the previous 12 months, resulting from a 1.7 percent increase in grocery prices and a 2.5 percent rise in the cost of dining out. The cost of shelter grew 5.1 percent since August ’14 with a 5.4 percent increase in renters’ costs and a 6.7 percent rise in owners’ equivalent rent.2 Full September and October CPI data for Houston will be released on November 17. Prepared by Greater Houston Partnership Research Department
Patrick Jankowski, CCR Senior Vice President, Research 713-844-3616 [email protected]
Jenny Philip Senior Manager, Economic Research 713-844-3615 [email protected]
2 For an owner-occupied unit, the cost of shelter is the implicit rent that owner occupants would have to pay if they
were renting their homes.
