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Wednesday, January 20, 2016

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Consumer Price Index, Atlanta – December 2015

Area prices down 0.6 percent over the two months; up 1.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Atlanta declined 0.6 percent over the November-December pricing period, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the energy index declined 5.8 percent over the two months. The all items less food and energy index inched down 0.1 percent while the food index was unchanged during the November-December pricing period. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U increased 1.4 percent. The index for all items less food and energy advanced 3.0 percent over the year as several indexes registered increases. (See chart 1 and table 1.)

 Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Atlanta, December 2012–December 2015

Food

Food prices were unchanged during the November-December pricing period. Prices for food away from edged down 0.2 percent over the two months while prices for food at home inched up 0.1 percent.

Over the year, the food index rose 1.2 percent, led by a 4.1-percent increase for food away from home. Prices for food at home declined 0.7 percent since December 2014.

Energy

The energy index declined 5.8 percent over the two-month pricing period, led by a decrease in motor fuel prices (-8.2 percent). Prices for electricity and utility (piped) gas service declined 5.0 and 0.6 percent, respectively.

Over the year, the energy index fell 12.3 percent, reflecting a 21.1-percent drop in motor fuel prices. Since December 2014, prices for utility (piped) gas service declined 8.8 percent and electricity prices declined 1.0 percent.

All items less food and energy

The index for all items less food and energy inched down 0.1 percent during the November-December pricing period as a seasonal decline in prices for apparel (-11.0 percent) were largely offset by price increases for shelter (0.8 percent).

From December 2014 to December 2015, the index for all items less food and energy advanced 3.0 percent. Price increases were noted for shelter (4.7 percent), medical care (2.9 percent), and other goods and services (6.0 percent).

Table A. Atlanta metropolitan area CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month

 
2010 2011 2012 2013 2014 2015
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

1.1 1.7 1.6 1.5 1.0 2.4 1.9 2.1 1.3 1.8 0.0 -0.3

April

0.7 2.4 1.7 2.5 1.1 1.8 0.1 1.1 0.8 2.5 0.7 -0.5

June

0.3 0.6 0.9 3.1 0.6 1.5 1.0 1.4 1.5 3.0 2.5 0.6

August

-0.1 0.6 0.6 3.8 0.6 1.5 0.7 1.5 -0.1 2.2 -0.1 0.6

October

-0.8 0.9 -1.5 3.1 -1.2 1.8 -1.0 1.6 -1.1 2.2 -1.2 0.5

December

-0.2 1.0 -0.3 3.0 -0.9 1.2 -0.2 2.4 -1.5 0.9 -0.6 1.4

The Consumer Price Index for January 2016 is scheduled to be released on Friday, February 19, 2016.


Technical Note

The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed market basket of goods and services. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 percent of the total population. The CPI-U includes, in addition to wage earners and clerical workers, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.

The CPI is based on prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors' and dentists' services, drugs, and the other goods and services that people buy for day-to-day living. Each month, prices are collected in 87 urban areas across the country from about 6,000 housing units and approximately 24,000 retail establishments—department stores, supermarkets, hospitals, filling stations, and other types of stores and service establishments. All taxes directly associated with the purchase and use of items are included in the index.

The index measures price changes from a designated reference date (1982-84) that equals 100.0. An increase of 16.5 percent, for example, is shown as 116.5. This change can also be expressed in dollars as follows: the price of a base period "market basket" of goods and services in the CPI has risen from $10 in 1982-84 to $11.65. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, available on the Internet at www.bls.gov/opub/hom/pdf/homch17.pdf.

In calculating the index, price changes for the various items in each location are averaged together with weights that represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. Because the sample size of a local area is smaller, the local area index is subject to substantially more sampling and other measurement error than the national index. In addition, local indexes are not adjusted for seasonal influences. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. NOTE: Area indexes do not measure differences in the level of prices between cities; they only measure the average change in prices for each area since the base period.

The Atlanta, Ga. metropolitan area covered in this release is comprised of Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Spalding, and Walton Counties in Georgia.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods
Atlanta, GA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Oct.
2015
Nov.
2015
Dec.
2015
Dec.
2014
Oct.
2015
Nov.
2015

Expenditure category

 
 

All Items

222.282 - 221.015 1.4 -0.6 -

All items (1967=100)

670.333 - 666.515 - - -

Food and beverages

250.612 - 250.611 1.2 0.0 -

Food

261.675 - 261.645 1.2 0.0 -

Food at home

251.144 249.570 251.397 -0.7 0.1 0.7

Food away from home

279.518 - 279.000 4.1 -0.2 -

Alcoholic beverages

151.872 - 152.126 1.5 0.2 -

Housing

217.731 - 217.571 2.8 -0.1 -

Shelter

235.296 236.528 237.211 4.7 0.8 0.3

Rent of primary residence (1)

238.270 239.926 240.688 5.7 1.0 0.3

Owners' equiv. rent of residences (1) (2)

231.465 232.361 232.392 4.3 0.4 0.0

Owners' equiv. rent of primary residence (1) (2)

231.465 232.361 232.392 4.3 0.4 0.0

Fuels and utilities

277.560 - 269.774 -2.6 -2.8 -

Household energy

236.976 229.290 228.101 -3.3 -3.7 -0.5

Energy Services (1)

235.757 228.003 226.829 -3.3 -3.8 -0.5

Electricity (1)

211.290 203.762 200.827 -1.0 -5.0 -1.4

Utility (piped) gas service (1)

249.473 243.124 247.921 -8.8 -0.6 2.0

Household furnishings and operations

124.888 - 120.414 -4.7 -3.6 -

Apparel

149.977 - 133.551 3.1 -11.0 -

Transportation

185.651 - 183.809 -4.7 -1.0 -

Private transportation

184.277 - 181.863 -5.4 -1.3 -

Motor fuel

192.506 187.602 176.674 -21.1 -8.2 -5.8

Gasoline (all types)

191.152 186.251 175.369 -21.0 -8.3 -5.8

Unleaded regular (3)

187.311 182.414 171.527 -21.6 -8.4 -6.0

Unleaded midgrade (3) (4)

237.278 232.250 219.100 -19.8 -7.7 -5.7

Unleaded premium (3)

206.609 201.981 192.376 -16.5 -6.9 -4.8

Medical Care

413.619 - 414.446 2.9 0.2 -

Recreation (5)

86.277 - 86.763 2.2 0.6 -

Education and communication (5)

135.226 - 134.711 0.9 -0.4 -

Other goods and services

364.330 - 364.324 6.0 0.0 -
 

Commodity and service group

 
 

All Items

222.282 - 221.015 1.4 -0.6 -

Commodities

176.882 - 172.562 -2.5 -2.4 -

Commodities less food & beverages

143.477 - 137.830 -4.6 -3.9 -

Nondurables less food & beverages

175.770 - 165.247 -6.5 -6.0 -

Durables

110.394 - 109.252 -2.0 -1.0 -

Services

265.793 - 266.898 3.4 0.4 -
 

Special aggregate indexes

 
 

All items less medical care

211.997 - 210.660 1.2 -0.6 -

All items less shelter

221.327 - 218.425 -0.4 -1.3 -

Commodities less food

143.447 - 138.016 -4.4 -3.8 -

Nondurables

208.674 - 202.561 -2.6 -2.9 -

Nondurables less food

172.830 - 163.131 -6.1 -5.6 -

Services less rent of shelter (2)

316.253 - 316.429 2.1 0.1 -

Services less medical care services

249.771 - 250.857 3.6 0.4 -

Energy

194.753 189.065 183.417 -12.3 -5.8 -3.0

All items less energy

224.967 - 224.780 2.7 -0.1 -

All items less food and energy

219.590 - 219.384 3.0 -0.1 -

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Wednesday, January 20, 2016