The Consumer Price Indexes (CPI) program produces monthly data on changes in the prices paid by urban consumers for a representative basket of goods and services.
There is no CPI data specific to Utah, so national data is relied upon for this page.
For monthly and annual CPI data see here.
Showing posts with label Prices. Show all posts
Showing posts with label Prices. Show all posts
Monday, March 9, 2015
Tuesday, January 8, 2013
Wednesday, October 31, 2012
Utah's Thirst for Water Comes with $13.7 Billion Price Tag
A statewide list of water projects, including their costs, is being shopped to Utah lawmakers, along with the warning that it is better to plan now and pay now, rather than wait until dams fail or taps run dry.
The numbers are staggering, adding up to $13.7 billion. And that doesn't include billions identified for controversial projects such as the Lake Powell Pipeline or the Bear River Development project.
The Utah divisions of water quality and water resources and other public agencies compiled the list of water infrastructure needs in Utah that provides just one glimpse of a national problem decades in the making.
A roundtable highlighting the water infrastructure challenges across the country estimated the cost to maintain and replace drinking water systems alone at $1 trillion. Hosted by the Conservation Leadership Partnership, the discussion earlier this month took on new urgency as most of the nation continues to recover from the worst drought in 50 years.
The partnership is an initiative seeking to broker new alternatives to persistent conservation problems, emphasizing the need for public-private partnerships and entrepreneurship and "ground-up" solutions. Deseret News
Tuesday, October 23, 2012
Housing Report Shows Nation Still Down Over 2008
The housing markets in Utah's most populous counties have endured four challenging years, according to a new report.
Based on five key metrics related to the nation's housing market — average home price, unemployment rate, foreclosure inventory, foreclosure starts and share of distressed sales — the U.S. housing market comes out worse off than it was four years ago, with a several Utah counties hit especially hard.
The 2012 Election Housing Report showed that the average price of a residential property nationwide has decreased 20 percent during the past four years — leaving more than 12 million homeowners owing more than their property is worth, according to RealtyTrac, a market research firm based in Irvine, Calif.
What that numbers don't reflect is the upward trend during the past year in the housing market and the peak periods of foreclosure which kept numbers low during the past few years.
All six Beehive State counties in the report saw unemployment rates nearly double or exceed that amount, from at least 3 percent in 2008 to 6 percent or greater in 2012, while four counties saw the volume of foreclosure starts jump more than double during the period.
But the Utah unemployment rate continues to be better than the national average and the growth in exports also points to an economy on the rebound.
Despite the report's poor numbers, the state's housing market has steadily improved during the past year, and Utah has one of the lowest overall unemployment rates in the country — more than 25 percent below the national rate of 7.8 percent.
Daren Blomquist, vice president of marketing for RealtyTrac, said the foreclosure market is improving nationwide, which bodes well for Utah and most other states.
However, the positives of lower foreclosure inventory and fewer foreclosure starts are outweighed by the negatives of lower home prices, higher unemployment and a higher share of distressed sales, the report stated.
Nationwide, in the 919 counties with data available for all five metrics, 580 (65 percent) showed at least three out of the five key metrics worse off than four years ago, while in 315 counties (35 percent) at least three of the five key metrics were better off than four years ago. Deseret News
Based on five key metrics related to the nation's housing market — average home price, unemployment rate, foreclosure inventory, foreclosure starts and share of distressed sales — the U.S. housing market comes out worse off than it was four years ago, with a several Utah counties hit especially hard.
The 2012 Election Housing Report showed that the average price of a residential property nationwide has decreased 20 percent during the past four years — leaving more than 12 million homeowners owing more than their property is worth, according to RealtyTrac, a market research firm based in Irvine, Calif.
What that numbers don't reflect is the upward trend during the past year in the housing market and the peak periods of foreclosure which kept numbers low during the past few years.
All six Beehive State counties in the report saw unemployment rates nearly double or exceed that amount, from at least 3 percent in 2008 to 6 percent or greater in 2012, while four counties saw the volume of foreclosure starts jump more than double during the period.
But the Utah unemployment rate continues to be better than the national average and the growth in exports also points to an economy on the rebound.
Despite the report's poor numbers, the state's housing market has steadily improved during the past year, and Utah has one of the lowest overall unemployment rates in the country — more than 25 percent below the national rate of 7.8 percent.
Daren Blomquist, vice president of marketing for RealtyTrac, said the foreclosure market is improving nationwide, which bodes well for Utah and most other states.
However, the positives of lower foreclosure inventory and fewer foreclosure starts are outweighed by the negatives of lower home prices, higher unemployment and a higher share of distressed sales, the report stated.
Nationwide, in the 919 counties with data available for all five metrics, 580 (65 percent) showed at least three out of the five key metrics worse off than four years ago, while in 315 counties (35 percent) at least three of the five key metrics were better off than four years ago. Deseret News
Friday, August 10, 2012
Drought will impact price, dry farm yields
An agricultural official predicts the drought will change the market for meat and other commodities in Utah significantly in the coming months.
Jared Christensen, the director of marketing for the Department of Agriculture, said the lack of moisture means feed on the local ranges in Utah will evaporate more quickly this year, forcing ranchers to sell off cattle and sheep earlier than normal, resulting in higher prices.
Randy Parker, president of the Utah Farm Bureau, said the drought’s impact will be especially significant in rural areas of the Beehive State. He said Kane and Garfield counties especially depend on the economic contribution of the cattle industry.
He said direct sales total almost $7 million in those counties. Moisture, he said, is one issue cattlemen can’t plan for.
The lack of moisture will hurt more than feed and the price of meat.
Christensen said the drought will also have a significant impact on wheat production for many Top of Utah dry farms. Standard Examiner
Jared Christensen, the director of marketing for the Department of Agriculture, said the lack of moisture means feed on the local ranges in Utah will evaporate more quickly this year, forcing ranchers to sell off cattle and sheep earlier than normal, resulting in higher prices.
Randy Parker, president of the Utah Farm Bureau, said the drought’s impact will be especially significant in rural areas of the Beehive State. He said Kane and Garfield counties especially depend on the economic contribution of the cattle industry.
He said direct sales total almost $7 million in those counties. Moisture, he said, is one issue cattlemen can’t plan for.
The lack of moisture will hurt more than feed and the price of meat.
Christensen said the drought will also have a significant impact on wheat production for many Top of Utah dry farms. Standard Examiner
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