Get breaking news alerts via email

Click here to manage your alerts
Low gas prices in December helped bring the Consumer Price Index down for Utahns. (AP Photo/Seth Perlman)
Report: Utahns paid less for many goods, services in December
Economy » Cost of goods dropped along the Wasatch Front as the holiday shopping season kicked in.
First Published Jan 16 2014 03:10 pm • Last Updated Jan 17 2014 04:39 pm

The price of goods along the Wasatch Front dropped slightly right as the holiday buying season launched last year thanks to falling gas prices.

The Zions Bank Wasatch Front Consumer Price Index (CPI) decreased 0.2 percent from November to December on a non-seasonally-adjusted basis while the national CPI rose, it was announced Thursday.

Join the Discussion
Post a Comment

At the end of last year, gas prices in the Wasatch Front dropped about 5 percent or 15 cents per gallon on average. Meanwhile, the price of housing including rent, hotel room rates and household appliances, dropped .3 percent from November to December.

"Once again, we saw gasoline prices fall across the state of Utah, giving Utahns a little extra discretionary income in the midst of the holiday spending season," Scott Anderson, Zions Bank president and CEO, said in a statement.

Nationally, gas prices rose, which helped push consumer prices up last month by the largest margin in six months, the Labor Department said Thursday. The national CPI increased 0.3 percent in December, compared with the previous month.

Transportation costs, which include the cost of new and used cars and airfare, fell for the sixth-straight month.

While housing and transportation prices declined, there was an increase in food prices — .6 percent — in large part because of the rising cost of produce.

The cost of eating out also went up — .8 percent — after various fast-food restaurants increased their prices. The cost for utilities went up .5 percent due to the increased price in propane. The price of clothing increased .8 percent due to rising prices in stores.

Other costs that rose from November to December include medical care (.2 percent), recreation including electronics and sporting goods (.2 percent), and education and communication such as college tuition and home Internet connectivity (.1 percent).

Analysis for the Zions Bank CPI is conducted by the research firm Cicero Group.

story continues below
story continues below


Twitter: @ohmytech

Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment

About Reader Comments

Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.