Denver-Boulder-Greeley CPI increases 2.8%

BOULDER – The Consumer Price Index for urban consumers in the Denver-Boulder-Greeley metropolitan area increased 2.8 percent for the second half of 2013 versus the same period a year earlier, according to a report from the U.S. Bureau of Labor Statistics released Thursday.

The cost of shelter increased 4.9 percent, accounting for more than half of the overall increase, the report stated. Energy costs increased 3.2 percent and food prices crept up 0.2 percent.

The index measures the average change in prices for a fixed market basket of goods and services versus the base period of 1982 to 1984. Denver’s index for the second half of 2013 was 232.439, meaning that market basket of goods and services that cost $100 during the base period now cost $232.44.

The Denver-Boulder-Greeley metro area includes the counties of Adams, Arapahoe, Boulder, Broomfield, Denver, Douglas, Jefferson and Weld. The area is one of 87 tracked across the country.

Within the 3.2 percent jump for energy year over year, there was some marked volatility. The cost of utility gas service increased by 25.8 percent after decreasing by 18.1 percent for the same period in 2012. Electricity prices also increased 8.5 percent for the second half of 2013 versus the second half of 2012. But motor fuel costs declined 3.9 percent.

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