The Phoenix-Mesa-Scottsdale metropolitan area covered in this release consists of Maricopa and Pinal Counties in the State of Arizona. NOTE: Area indexes do not measure differences in the level of prices between cities they only measure the average change in prices for each area since the base period. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. In addition, local indexes are not adjusted for seasonal influences. Because the sample size of a local area is smaller, the local area index is subject to substantially more sampling and other measurement error than the national index. Local data are then combined to obtain a U.S. For further details see the CPI home page on the internet at and the CPI section of the BLS Handbook of Methods available on the internet at In calculating the index, price changes for the various items in each location are averaged together with weights that represent their importance in the spending of the appropriate population group. Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. An increase of 7 percent from the reference base, for example, is shown as 107.000. The index measures price changes from a designated reference date for most of the CPI-U the reference base is 1982-84 equals 100. All taxes directly associated with the purchase and use of items are included in the index. Each month, prices are collected in 75 urban areas across the country from about 6,000 housing units and approximately 22,000 retail establishments-department stores, supermarkets, hospitals, filling stations, and other types of stores and service establishments. The CPI is based on prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors' and dentists' services, drugs, and the other goods and services that people buy for day-to-day living. The CPI-U includes, in addition to wage earners and clerical workers, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. ![]() The Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 93 percent of the total U.S. The Consumer Price Index (CPI) is a measures of the average change in prices over time in a fixed market basket of goods and services. The October 2023 Consumer Price Index for the Phoenix area is scheduled to be released on November 14, 2023. Partly offsetting the increases were price decreases in used cars and trucks (-7.7 percent) and medical care (-0.2 percent). Components contributing to the increase included shelter (7.5 percent) and household furnishings and operations (3.3 percent). Over the year, the index for all items less food and energy rose 3.5 percent. Lower prices for medical care (-2.3 percent) and shelter (-0.7 percent) were partially offset by higher prices for apparel (4.9 percent) and recreation (2.6 percent). The index for all items less food and energy fell 0.2 percent in the latest two-month period. Prices paid for natural gas service increased 16.2 percent, and prices for gasoline increased 3.2 percent during the past year. Prices for natural gas service rose 5.9 percent, and prices for electricity increased 2.4 percent for the same period.Įnergy prices increased 4.5 percent over the year, largely due to higher prices for electricity (5.2 percent). The decrease was mainly due to lower prices for gasoline (-2.6 percent). The energy index fell 0.2 percent for the two months ending in August. Prices for food away from home advanced 8.6 percent. Overall, prices rose in five of the six grocery categories. Prices for food at home rose 2.5 percent since a year ago, led by higher prices for cereals and bakery products (10.9 percent). Over the year, food prices increased 4.9 percent. Prices for food away from home increased 1.4 percent for the same period. ![]() Overall, prices rose in all six grocery categories. (See table 1.) Prices for food at home rose 1.9 percent, influenced by higher prices for other food at home (3.0 percent) and meats, poultry, fish, and eggs (1.9 percent). Over-the-year percent change in CPI-U, Phoenix-Mesa-Scottsdale, AZ, August 2020–August 2023 Monthįood prices increased 1.7 percent for the two months ending in August. » Click here for Arizona Time to Local Time Conversion.Chart 1. » Click here for Georgia GA Time to Local Time Conversion.
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