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GASOLINE PRICES PUSHED PHILADELPHIA-WILMINGTON-TRENTON CONSUMER PRICE INDEX UP IN MAY

 GASOLINE PRICES PUSHED PHILADELPHIA-WILMINGTON-TRENTON CONSUMER
 PRICE INDEX UP IN MAY
 PHILADELPHIA, June 12 /PRNewswire/ -- Philadelphia area consumer prices rose 0.2 percent in May, the Bureau of Labor Statistics announced today.
 Alan M. Paisner, the bureau's regional commissioner, noted that increasing gasoline prices were primarily responsible for the overall advance. The Consumer Price Index for All Urban Consumers (CPI-U) rose 3.1 percent since last May and at an annual rate of 4.2 percent over the last 3 months. (See table A.)
 Transportation prices edged up just 0.1 percent in total, but that masked a great deal of disparity between private and public transportation. Private transportation prices jumped 0.9 percent as a surge in gasoline prices combined with higher auto insurance rates and used car prices. Public transportation fares plummeted -- due to reductions in air fares.
 The medical care component was responsible for about a third of the increase in the overall index in May. Medical care prices rose 1.3 percent in May and were up 4.0 percent over the last 4 months. About one-fifth of the over-the-month increase was caused by an upturn in the other goods and services component led primarily by an increase in tobacco and smoking products.
 Food and beverage prices edged up, largely due to a jump in prices for meats, poultry, fish, and eggs. Dairy products prices also jumped after declining percent in April. The only food category to decline was cereals and bakery products.
 The CPI-U stood at 145.7 on the 1982-84 equals 100 reference base, which means that a market basket of goods and services that cost $100.00 in 1982-84 would have cost $145.70 in May of this year. The local Urban Wage Earners and Clerical Workers Index (CPI-W) increased 0.3 percent last month and stood at 145.5 on the 1982-84 base.
 In the other four areas priced monthly by the bureau, prices were up 0.1 percent in Los Angeles, 0.2 percent in San Francisco, and 0.5 percent in Chicago, while they declined 0.2 percent in New York. Table A. Percent change in CPI for All Urban Consumers (CPI-U) in the Philadelphia-Wilmington-Trenton area (not seasonally adjusted)
 Change from preceding Compound Change for
 month to annual rate 12 months
 Expenditure Mar. Apr. May 3 months ended ended
 category 1992 1992 1992 May 1992 May 1992
 All items 0.8 0.0 0.2 4.2 3.1
 Food & beverages 0.5 0.4 0.2 4.8 1.5
 Housing 0.3 -0.8 0.1 -1.6 2.2
 Apparel & upkeep 6.6 3.1 0.5 48.3 4.6
 Transportation -0.1 0.3 0.1 1.2 3.4
 Medical care 1.8 0.5 1.3 15.4 7.9
 Entertainment 2.7 1.4 0.2 18.7 4.2
 Other goods
 & services 0.6 0.2 0.6 5.5 6.2
 Special indexes:
 Commodities 1.0 0.1 0.6 6.6 1.7
 Services 0.7 0.0 -0.1 2.4 4.1
 Energy -0.9 -1.2 1.1 -4.1 -1.2
 /delval/
 -0- 6/12/92
 /CONTACT: Maureen Greene (information), 215-596-1157, or Alan Paisner (media), 215-596-1151, U.S. Department of Labor, Bureau of Labor Statistics/ CO: U.S. Department of Labor, Bureau of Labor Statistics ST: Pennsylvania IN: HOU SU: ECO


MK -- PH006 -- 9553 06/12/92 09:16 EDT
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Publication:PR Newswire
Date:Jun 12, 1992
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