Printer Friendly

CONSUMER PRICES ROSE 1.7 PERCENT IN THE PORTLAND AREA IN THE SECOND HALF OF 1991 -- UP 4.1 PERCENT FOR THE YEAR

 CONSUMER PRICES ROSE 1.7 PERCENT IN THE PORTLAND AREA
 IN THE SECOND HALF OF 1991 -- UP 4.1 PERCENT FOR THE YEAR
 SAN FRANCISCO, Feb. 19 /PRNewswire/ -- Consumer prices in the Portland-Vancouver metropolitan area rose 1.7 percent from the first half to the second half of 1991, according to Sam Hirabayashi, regional commissioner of the U.S. Department of Labor's Bureau of Labor Statistics. The latest increase in area prices was more moderate than the 2.3 percent increase in the first half of 1991 and the 3.9 percent increase in the second half of 1990. Hirabayashi said that five of the seven major categories of family spending rose in the second half of 1991, with declines of 1.1 percent reported for food and beverages and 1.5 percent in the apparel and upkeep category. The housing category accounted for the largest portion of the overall increase in local prices.
 The semiannual All Items Consumer Price Index for All Urban Consumers for the Portland-Vancouver consolidated metropolitan area reached 135.1 (1982-84-100) for the second half of 1991, up 4.1 percent since the second half of 1990. This was the smallest yearly increase in the Portland area since the 3.6 percent advance covering the period from the second half of 1987 to the second half of 1988. Consumer price index data for local areas are not seasonally adjusted.
 Housing costs advanced 3.7 percent in the second half of 1991 as shelter costs rose 4.7 percent, the fuels and other utilities index increased 2.7 percent, and the household furnishings and operation component edged down 0.5 percent. The advance in the shelter component resulted from a 5.4 percent increase in homeowners' costs and a 2.7 percent rise in renters' costs. The resulting rise in the shelter component accounted for about 80 percent of the increase in the All Items Index for the Portland area. Excluding shelter, area prices rose a slight 0.5 percent in the second half of 1991. When compared to the second half of 1990, the local cost of shelter advanced 8.9 percent, the fuel and other utilities index rose 4.1 percent, and the cost of household furnishings and operation fell 2.6 percent. Overall housing costs rose 6.5 percent in the past year.
 Transportation costs edged up 0.1 percent despite declines of 0.9 percent in the cost of gasoline and 3.1 percent in the public transportation index. The public transportation component, which includes airline fares, fell 1.0 percent when compared to a year ago. Also declining when compared to the second half of 1990, were gasoline prices which fell 11.3 percent and overall transportation costs which edged down 0.5 percent.
 The cost of medical care in the Portland area rose 7.5 percent over the past year after advancing 3.0 percent in the second half of 1991. Despite a 0.8 percent decline in the cost of personal care, the other good and services category rose 3.8 percent in the last six months and 9.1 percent from the second half of 1990. The local cost of entertainment rose 1.6 percent in the second half and 2.9 percent over-the-year.
 The food and beverages category fell 1.1 percent in the second half of last year as grocery prices dropped 3.0 percent due mainly to a 10.1 percent decrease in prices for fruits and vegetables. Prices for fruits and vegetables had surged 19.1 percent in the first half of 1991. Prices for alcoholic beverages rose 3.6 percent in the last six months while the cost of eating out edged up 0.4 percent. When compared to the second half of 1990, the cost of alcoholic beverages advanced 10.3 percent, the cost of eating out (food away from home) rose 2.5 percent, and the overall index for food and beverages rose 2.0 percent.
 The cost of apparel and upkeep in the Portland area fell 1.5 percent in the second half of 1991 as men's and boys' apparel prices declined 3.7 percent, women's and girls' apparel costs edged up 0.1 percent, and prices for footwear declined 1.4 percent. Apparel and upkeep prices declined 1.3 percent from the second half of 1990 to the second half of 1991. Consumer Price Index for All Urban Consumers: Indexes for semiannual averages and percent changes for selected periods (Data are not seasonally adjusted) Portland-Vancouver, Ore.-Wash. (1982-84-100, unless otherwise noted)
 Percent change
 Semiannual to 2nd half
 average index 1991 from-
 1st 2nd 2nd 1st
 half half half half
 1991 1991 1990 1991
 Expenditure category
 All items .......................... 132.8 135.1 4.1 1.7
 Food and beverages ............... 131.4 129.9 2.0 -1.1
 Food ........................... 131.2 129.2 1.3 -1.5
 Food at home ................. 128.2 124.4 .7 -3.0
 Food away from home .......... 136.5 137.1 2.5 .4
 Alcoholic beverages ............ 133.5 138.3 10.3 3.6
 Housing .......................... 128.0 132.7 6.5 3.7
 Shelter ........................ 140.4 147.0 8.9 4.7
 Fuel and other utilities ....... 106.4 109.3 4.1 2.7
 Household furnishings & operation 108.8 108.3 -2.6 -.5
 Apparel and upkeep ............... 123.2 121.4 -1.3 -1.5
 Transportation .................. 130.0 130.1 -0.5 0.1
 Private transportation ......... 127.5 128.1 -.4 .5
 Motor fuel ................... 104.0 102.8 -11.4 -1.2
 Public transportation .......... 163.8 158.7 -1.0 -3.1
 Medical care ..................... 163.5 168.4 7.5 3.0
 Entertainment .................... 131.5 133.6 2.9 1.6
 Other goods and services ......... 169.0 175.4 9.1 3.8
 Personal care .................. 137.3 136.2 7.5 -.8
 Special indexes
 All items less energy .............. 137.4 140.0 4.9 1.9
 Energy ............................. 97.4 96.9 -5.9 -.5
 -0- 2/19/92
 /CONTACT: Sam Hirabayashi, 415-744-7166, or Leon Bornstein, 415-744-7163, both of the U.S. Department of Labor's Bureau of Labor Statistics/ CO: U.S. Department of Labor's Bureau of Labor Statistics ST: Oregon IN: FIN SU: ECO


DG -- SF008 -- 0446 02/19/92 12:17 EST
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:Feb 19, 1992
Words:1045
Previous Article:INTERPUBLIC BOARD RECOMMENDS AN INCREASE OF AUTHORIZED STOCK
Next Article:MANDATING METHANOL USE MEANS HIGH COST TO CONSUMERS, LOW BENEFIT TO ENVIRONMENT, AMOCO RESEARCH VICE PRESIDENT SAYS
Topics:


Related Articles
RECENT TRENDS PERSIST WITH SLOW RISE IN DOWNTOWN OFFICE VACANCY, FALL IN SUBURBAN; INDUSTRIAL VACANCY RISING
ANCHORAGE CONSUMER PRICES INCREASED 1.1 PERCENT IN THE SECOND HALF OF 1991
SEATTLE PRICES ROSE 1.7 PERCENT IN SECOND HALF OF 1991 -- UP 4.5 PERCENT FOR THE YEAR
CONSUMER PRICES EDGED UP 0.1 PERCENT IN APRIL, UP 3.7 PERCENT FOR THE YEAR
HONOLULU CONSUMER PRICES UP 3.2 PERCENT IN FIRST HALF OF 1992 -- 4.8 PERCENT ABOVE A YEAR AGO
PHILADELPHIA AREA RETAIL PRICES DECLINE 0.3 PERCENT IN NOVEMBER
BAY AREA PRICES FELL 0.1 PERCENT IN NOVEMBER
BAY AREA PRICES ROSE 0.1 PERCENT IN MARCH
STEADY GAINS SEEN IN SECOND-QUARTER HOME PRICES
Global developments in the economic outlook.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters