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PHILADELPHIA AREA RETAIL PRICES DECLINE 0.3 PERCENT IN NOVEMBER

 PHILADELPHIA, Dec. 11 /PRNewswire/ -- Philadelphia area consumer prices declined 0.3 percent in November following a 0.1 percent drop in October, the Bureau of Labor Statistics announced today.
 Alan M. Paisner, the Bureau's regional commissioner, noted that declines in housing, food and beverages, and other goods and services were partially offset by increases in apparel and upkeep, transportation, and entertainment. The Consumer Price Index for All Urban Consumers (CPI-U) rose 2.9 percent since last November while the annualized rate of change over the last 3 months was -1.3 percent. (See table A.)
 The housing index was down for the third consecutive month -- a strong but seasonal decline in prices for lodging while out of town was responsible for the most recent drop. Prices for household fuels and other utilities were down 0.1 percent following a 6.9 percent drop in October.
 Declines throughout the grocery categories resulted in the second consecutive over-the-month decline in food and beverage prices -- the 0.4 percent drop in the overall category was the largest decline since an identical decrease in August 1991.
 Transportation prices were up for the third month in a row. Gasoline prices jumped 2.6 percent, the largest 1-month increase since June. Airline price changes have caused several months of large swings in the public transportation index, the most recent increase pushed public transportation prices up 2.0 percent since October.
 Apparel and upkeep prices were up 1.7 percent in November after no change in October but were just 0.4 percent higher over the last 12 months. The November increase was caused by an 8.1 percent upturn in women's and girls' clothing prices.
 Energy prices were up 1.1 percent after a 6.5 percent drop in October -- the increase was mainly due to rising prices for motor fuel -- but the energy index was just barely above its year-ago level in November.
 In November, the CPI-U stood at 147.5 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 $147.50 last month. The local Urban Wage Earners and Clerical Workers Index (CPI-W) decreased 0.1 percent last month and stood at 147.6 on the 1982-84 base.
 In the other four cities priced monthly by the Bureau, prices fell 0.1 percent in Los Angeles and San Francisco and rose 0.1 percent in New York and 0.2 percent in Chicago.
 Table A. Percent change in CPI-U, Philadelphia (not seasonally adjusted)
 Change from preceding Compound Change for
 month to annual rate 12 months
 Expenditure Sept. Oct. Nov. 3 months ended ended
 category 1992 1992 1992 Nov. 1992 Nov. 1992
 All items 0.1 -0.1 -0.3 -1.3 2.9
 Food & beverages 0.4 -0.1 -0.4 -0.3 1.9
 Housing -0.3 -0.5 -1.3 -7.9 2.8
 Apparel & upkeep -0.4 0.0 1.7 5.3 0.4
 Transportation 0.1 0.7 0.9 7.3 2.2
 Medical care 0.5 0.8 0.0 5.1 7.2
 Entertainment 0.5 -0.8 0.2 -0.5 4.1
 Other goods
 & services 1.2 0.6 -0.1 6.4 5.6
 Special indexes:
 Energy 0.0 -6.5 1.1 -20.0 0.4
 Commodities 0.1 0.2 0.5 3.2 1.3
 Services 0.1 -0.2 -0.9 -4.1 4.2
 /delval/
 -0- 12/11/92
 /CONTACT: Maureen Greene (information), 215-596-1157, or Alan Paisner (media), 215-596-1151, both of the U.S. Department of Labor, Bureau of Labor Statistics/


CO: U.S. Department of Labor, Bureau of Labor Statistics ST: Pennsylvania IN: SU: ECO

MK -- PH002 -- 6111 12/11/92 09:02 EST
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Date:Nov 13, 1992
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