Get breaking news alerts via email

Click here to manage your alerts
Chris Detrick | Salt Lake Tribune Diners eat at Cafe Trio-Cottonwood. The cost of dining out dipped slightly, bringing the Consumer Price Index along the Wasatch Front down slightly.
Prices dipped slightly last month along Wasatch Front
Economy » Overall transportation costs also drop, despite rise in gasoline prices.
First Published Feb 20 2014 11:02 am • Last Updated Feb 20 2014 05:21 pm

The cost of buying goods dipped slightly along the Wasatch Front from December to January, in large part because the cost of eating out has dropped in the last month.

The Zions Bank Wasatch Front Consumer Price Index (CPI) decreased 0.1 percent from December to January on a non-seasonally adjusted basis. While prices dipped in the last month, they increased 1.8 percent in the last year, according to the monthly report. By comparison, the CPI for the entire U.S. dropped .4 percent from December to January. Analysis and data collection for the Zions Bank CPI is conducted by The Cicero Group.

Join the Discussion
Post a Comment

The prices of groceries increased .7 percent, largely because of a sharp increase in the cost of produce and beef. But the cost of eating out dropped 1 percent due to the drop of prices at various full-price restaurants, according to the report.

Housing prices remained unchanged, and the cost of utilities dropped by only .1 percent from the slight decrease in the prices of residential propane. The prices for clothing at stores jumped .4 percent while transportation costs dropped .2 percent despite rising prices at the gas pumps in the last couple of months. This was the seventh-straight month of decreases in the transportation category, which include paying for new and used vehicles, gasoline and airfare.

"For the first time in several months, gasoline prices inched higher," said Scott Anderson, Zions Bank president and CEO. "But that alone is not cause for concern, as gasoline prices generally increase in the spring months. What is important is that we do not see a sharp and abrupt spike in prices, and thankfully early reports indicate that this year’s expected increase will be slow and steady."

An increase in the price of prescription drugs accounted for a slight .2 percent increase in medical care costs, and recreation prices — which include electronics, sporting goods, club fees and pet products — rose .4 percent along the Wasatch Front due to the rising cost of pet care and products.

Education and communication prices — which include college tuition, personal computers, Internet and telephone — fell .6 percent largely from the falling prices of cellphone plans.


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.