Printer Friendly

PITTSBURGH-AREA RETAIL PRICES UP SLIGHTLY IN JUNE; MEDICAL CARE PRICES FALL FOR SECOND STRAIGHT BIMONTHLY PERIOD

 PITTSBURGH-AREA RETAIL PRICES UP SLIGHTLY IN JUNE;


MEDICAL CARE PRICES FALL FOR SECOND STRAIGHT BIMONTHLY PERIOD
 PITTSBURGH, July 14 /PRNewswire/ -- Retail prices in the Pittsburgh-Beaver Valley area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), rose 0.1 percent for the two-month period ended June 1992, the U.S. Bureau of Labor Statistics reported today.
 Alan M. Paisner, the bureau's regional commissioner, noted that higher prices for three categories were nearly offset by declines in the remaining categories. The CPI-U for Allegheny, Beaver, Fayette, Washington and Westmoreland counties stood 3.4 percent higher in June of this year than 12 months ago.
 The food and beverages index rose 1.5 percent over the last two months due chiefly to higher prices at the butcher counter. Grocery prices, which are surveyed monthly by the bureau, increased 0.4 percent since May.
 Higher motor fuel prices were the major contributor to the 1.4 percent increase in the transportation index since April. Moderating the effect of higher gasoline prices was a 13.6 percent drop in the public transportation index since April.
 Reflecting normal seasonal patterns, the apparel and upkeep index declined 4.0 percent over the last two months. Women's and girls' apparel prices fell 7.3 percent since April, but were still 7.9 percent higher than one year ago. Men's and boys' apparel was also less expensive.
 The housing index fell 0.4 percent since April due to lower prices for household fuels and other utilities. Natural gas prices, which are surveyed monthly by the bureau, displayed their largest one-month decline in nearly 5 years, down 2.8 percent.
 The other goods and services index rose 0.8 percent since April. Offsetting that increase was a two-month drop of 0.9 percent in the medical care component, particularly due to lower priced prescription drugs. This was the largest two-month decline since the series began in 1947.
 A market basket of goods and services which averaged $100.00 in the 1982-84 period would have cost $135.20 in June. The local Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) rose 0.1 percent since April to 129.5, up 3.4 percent over the year.
 PERCENT CHANGES IN CPI-U IN PITTSBURGH-BEAVER VALLEY AREA
 (not seasonally adjusted)
 Change for Change for
 two months ended 12 months ended
 Expenditure Feb. April June June
 category 1992 1992 1992 1992
 All items -0.1 pct. 0.6 pct. 0.1 pct. 3.4 pct.
 Food & beverages 0.7 -0.5 1.5 3.2
 Housing -0.4 1.0 -0.4 2.7
 Apparel &
 upkeep -1.8 3.0 -4.0 2.3
 Transportation -1.1 0.4 1.4 3.3
 Medical care 1.4 -0.1 -0.9 4.3
 Entertainment 0.8 -0.5 -0.4 1.0
 Other goods
 & services 2.2 0.5 0.8 10.0
 Special index:
 Energy -3.7 0.3 3.1 0.2
 -0- 7/14/92
 /CONTACT: Michelle Weihmann, information, 215-596-1154, or Maureen Greene, media, 215-596-1157, both of U.S. Bureau of Labor Statistics/ CO: U.S. Bureau of Labor Statistics ST: Pennsylvania IN: SU: ECO


DM -- PG003 -- 8993 07/14/92 09:51 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jul 14, 1992
Words:539
Previous Article:PHLX TO BEGIN TRADING OPTIONS ON VENCOR, INC.
Next Article:TCF BANK FIRST TO RECEIVE INTERSTATE BRANCH APPROVAL
Topics:


Related Articles
PITTSBURGH PRICES UP 1.3 PERCENT; LARGEST 2-MONTH INCREASE THIS YEAR
LOWER ELECTRICITY PRICES PUSH BALTIMORE CPI DOWN 0.3 PERCENT SINCE SEPTEMBER
PITTSBURGH AREA RETAIL PRICES UP 0.9 PERCENT SINCE OCTOBER, 4.1 PERCENT OVER THE YEAR
BALTIMORE CONSUMER PRICES ROSE MODERATELY SINCE NOVEMBER
PITTSBURGH AREA RETAIL PRICES FALL 0.1 PERCENT SINCE DECEMBER; RISE 3.9 PERCENT OVER THE YEAR
BALTIMORE AREA RETAIL PRICES UP 0.5 PERCENT SINCE JANUARY
PITTSBURGH-BEAVER VALLEY AREA RETAIL PRICES UP 1.3 PERCENT; INCREASED HOUSING COSTS MAINLY RESPONSIBLE
BALTIMORE AREA RETAIL PRICES UP 0.6 PERCENT SINCE NOVEMBER HIGHER HOUSING COSTS MAINLY RESPONSIBLE
SAN DIEGO CONSUMER PRICES UP 0.3 PERCENT IN SECOND HALF OF 1993 -- 2.1 PERCENT ABOVE A YEAR AGO
Publication strategy for the 1998 revised Consumer Price Index.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters