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14-2136-ATL
November 20, 2014

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Consumer Price Index, Atlanta-October 2014

Area prices down 1.1 percent over the two months; up 2.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Atlanta declined 1.1 percent over the two months, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that energy prices decreased 10.9 percent over the two-month pricing period. The all items less food and energy group edged up 0.2 percent and the food index increased 0.7 percent. (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 advanced 2.2 percent, reflecting price increases for shelter, food, and medical care. The index for all items less food and energy rose 2.6 percent over the year. (See table 1.)

 Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Atlanta, October 2011–October 2014

Food

Food prices increased 0.7 percent during the September-October pricing period. Prices increased for both food at home and food away from home, up 0.8 and 0.5 percent, respectively. In the food at home category, price increases were noted for cakes, cupcakes, and cookies.

Over the year, the food index rose 3.5 percent, reflecting price increases for both food at home (4.5 percent) and food away from home (1.8 percent).

Energy

The energy index decreased 10.9 percent over the two-month pricing period, led by a 22.1-percent seasonal decline in electricity prices. Also contributing to the decrease was a 5.7-percent decline in motor fuel prices. Utility (piped) gas service prices inched up 0.1 percent over the two months.

Over the year, the energy index decreased 1.6 percent, primarily due to a 4.8-percent decline in motor fuel prices. Prices for electricity and utility (piped) gas service increased 2.6 and 2.9 percent, respectively.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent during the September-October pricing period, led by an increase in shelter prices (0.5 percent).

From October 2013 to October 2014, the index for all items less food and energy advanced 2.6 percent, reflecting higher prices for shelter (4.8 percent) and medical care (4.2 percent).

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

 
2009 2010 2011 2012 2013 2014
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 -2.4 1.1 1.7 1.6 1.5 1.0 2.4 1.9 2.1 1.3 1.8

April

0.0 -3.5 0.7 2.4 1.7 2.5 1.1 1.8 0.1 1.1 0.8 2.5

June

2.2 -4.0 0.3 0.6 0.9 3.1 0.6 1.5 1.0 1.4 1.5 3.0

August

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

October

-1.1 -2.6 -0.8 0.9 -1.5 3.1 -1.2 1.8 -1.0 1.6 -1.1 2.2

December

-0.3 1.8 -0.2 1.0 -0.3 3.0 -0.9 1.2 -0.2 2.4 - -

The December 2014 Consumer Price Index for the Atlanta area is scheduled to be released on January 16, 2015, at 8:30 a.m. (ET).


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 4,000 housing units and approximately 26,000 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/homch17_a.htm.

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-
Aug.
2014
Sep.
2014
Oct.
2014
Oct.
2013
Aug.
2014
Sep.
2014

Expenditure category

 
 

All Items

223.657   221.276 2.2 -1.1  

All items (1967=100)

674.482   667.301      

Food and beverages

245.281   246.927 3.4 0.7  

Food

255.885   257.702 3.5 0.7  

Food at home

251.301 249.284 253.388 4.5 0.8 1.6

Food away from home

263.527   264.879 1.8 0.5  

Alcoholic beverages

150.604   150.737 2.8 0.1  

Housing

215.424   212.061 4.0 -1.6  

Shelter

224.999 225.717 226.146 4.8 0.5 0.2

Rent of primary residence (1)

224.852 225.550 226.640 5.0 0.8 0.5

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

221.216 221.567 222.477 4.6 0.6 0.4

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

221.216 221.567 222.477 4.6 0.6 0.4

Fuels and utilities

323.064   282.139 3.9 -12.7  

Household energy

289.869 290.170 241.568 2.7 -16.7 -16.7

Energy Services (1)

288.702 288.972 240.057 2.8 -16.8 -16.9

Electricity (1)

269.992 270.027 210.264 2.6 -22.1 -22.1

Utility (piped) gas service (1)

269.409 270.359 269.676 2.9 0.1 -0.3

Household furnishings and operations

126.523   127.428 -2.0 0.7  

Apparel

138.550   137.721 -3.2 -0.6  

Transportation

212.826   208.809 -1.1 -1.9  

Private transportation

213.127   208.579 -0.7 -2.1  

Motor fuel

299.571 298.912 282.414 -4.8 -5.7 -5.5

Gasoline (all types)

297.442 296.799 280.374 -4.9 -5.7 -5.5

Unleaded regular (3)

294.372 293.885 277.061 -5.0 -5.9 -5.7

Unleaded midgrade (3) (4)

358.431 357.889 338.446 -4.9 -5.6 -5.4

Unleaded premium (3)

298.968 297.398 283.258 -4.2 -5.3 -4.8

Medical Care

397.590   398.831 4.2 0.3  

Recreation (5)

85.927   84.274 -3.1 -1.9  

Education and communication (5)

134.824   133.896 1.5 -0.7  

Other goods and services

341.075   341.857 3.8 0.2  
 

Commodity and service group

 
 

All Items

223.657   221.276 2.2 -1.1  

Commodities

185.665   184.089 0.3 -0.8  

Commodities less food & beverages

156.827   154.190 -1.5 -1.7  

Nondurables less food & beverages

200.563   195.815 -1.6 -2.4  

Durables

113.167   112.486 -0.7 -0.6  

Services

261.356   258.257 3.3 -1.2  
 

Special aggregate indexes

 
 

All items less medical care

214.070   211.567 2.1 -1.2  

All items less shelter

228.625   224.404 1.0 -1.8  

Commodities less food

156.261   153.726 -1.4 -1.6  

Nondurables

220.806   218.748 0.7 -0.9  

Nondurables less food

195.635   191.261 -1.4 -2.2  

Services less rent of shelter (2)

320.812   310.996 1.7 -3.1  

Services less medical care services

245.738   242.541 3.3 -1.3  

Energy

268.275 268.099 238.932 -1.6 -10.9 -10.9

All items less energy

218.617   219.125 2.7 0.2  

All items less food and energy

213.184   213.521 2.6 0.2  

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: Thursday, November 20, 2014