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15-1628-ATL
Wednesday, August 19, 2015

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Consumer Price Index, South Region – July 2015

Prices down 0.1 percent over the month and 0.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South inched down 0.1 percent in July, the U.S. Bureau of Labor Statistics reported today. The energy index declined by 1.2 percent over the month. The all items less food and energy index inched down 0.1 percent while the food index edged up 0.2 percent over the month. (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 all items CPI-U inched down 0.1 percent, the seventh consecutive month of over-the-year declines for this index. The all items less food and energy index advanced 1.8 percent over the year as several categories within this group recorded increases. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, South Region, July 2012–July 2015

Food

The food index rose 0.2 percent in July. Prices for food away from home edged up 0.2 percent and prices for food at home inched up 0.1 percent over the month.

Since July 2014, the food index advanced 1.8 percent, reflecting price increases for both food away from home and food at home, up 3.1 and 0.9 percent, respectively.

Energy

The energy index declined 1.2 percent in July led by a 2.5-percent decrease in motor fuel prices. Over the month, prices for utility (piped) gas service rose 1.6 percent and prices for electricity were unchanged.

Over the year, energy prices fell 16.3 percent, reflecting a 25.8-percent drop in motor fuel prices. Electricity prices declined 2.0 percent since July 2014 and utility (piped) gas service prices decreased 13.1 percent.

All items less food and energy

The all items less food and energy index inched down 0.1 percent in July, as a seasonal decline in apparel prices (-3.1 percent), was largely offset by an increase in prices for shelter (0.3 percent).

Since July 2014, the all items less food and energy index advanced 1.8 percent as several indexes increased, most notably shelter (3.1 percent). Medical care, fueled by increases in both medical care services (1.8 percent) and medical care commodities (3.1 percent), rose 2.1 percent over-the-year. Other indexes with over-the-year increases included other goods and services (1.5 percent), education and communication (0.5 percent), and recreation (0.4 percent). The apparel index declined 1.1 percent since July 2014.

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 1.7 0.5 3.2 0.4 1.6 0.3 1.7 -0.7 -0.4

February

0.5 2.2 0.6 3.3 0.9 1.8 0.4 1.2 0.5 -0.3

March

1.2 2.8 0.7 2.8 0.3 1.5 0.6 1.5 0.6 -0.3

April

0.7 3.4 0.4 2.5 -0.2 0.9 0.5 2.3 0.3 -0.6

May

0.5 4.0 -0.4 1.6 0.0 1.3 0.2 2.4 0.4 -0.4

June

-0.2 3.8 -0.2 1.7 0.4 1.9 0.2 2.3 0.5 -0.1

July

0.2 4.1 -0.2 1.4 0.2 2.2 -0.1 2.0 -0.1 -0.1

August

0.4 4.3 0.6 1.6 0.1 1.7 -0.2 1.7    

September

0.0 4.1 0.5 2.1 0.0 1.3 0.1 1.7    

October

-0.2 3.7 -0.2 2.1 -0.2 1.3 -0.3 1.6    

November

0.0 3.8 -0.5 1.6 -0.3 1.5 -0.6 1.3    

December

-0.2 3.3 -0.1 1.7 0.1 1.8 -0.6 0.6    

The Consumer Price Index for August 2015 is scheduled to be released on Wednesday, September 16, 2015.


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/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 South region is comprised of Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia.

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
South (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
May
2015
Jun.
2015
Jul.
2015
Jul.
2014
May
2015
Jun.
2015

Expenditure category

 
 

All Items

230.886 232.026 231.719 -0.1 0.4 -0.1

All items (December 1977=100)

374.529 376.378 375.880 - - -

Food and beverages

244.851 245.240 245.647 1.8 0.3 0.2

Food

246.196 246.670 247.118 1.8 0.4 0.2

Food at home

239.835 240.253 240.573 0.9 0.3 0.1

Food away from home

258.529 259.094 259.735 3.1 0.5 0.2

Alcoholic beverages

225.458 224.657 224.514 1.0 -0.4 -0.1

Housing

220.528 222.222 222.664 1.9 1.0 0.2

Shelter

249.802 250.743 251.494 3.1 0.7 0.3

Rent of primary residence (1)

255.748 256.660 257.795 3.8 0.8 0.4

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

251.990 252.938 253.735 3.1 0.7 0.3

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

251.982 252.929 253.724 3.1 0.7 0.3

Fuels and utilities

227.574 235.930 236.532 -2.0 3.9 0.3

Household energy

186.421 195.537 195.880 -3.8 5.1 0.2

Energy services (1)

186.536 195.913 196.320 -3.5 5.2 0.2

Electricity (1)

186.980 197.714 197.764 -2.0 5.8 0.0

Utility (piped) gas service (1)

168.220 167.997 170.692 -13.1 1.5 1.6

Household furnishings and operations

122.777 122.551 121.793 -0.7 -0.8 -0.6

Apparel

136.621 134.364 130.264 -1.1 -4.7 -3.1

Transportation

204.147 206.437 204.570 -7.9 0.2 -0.9

Private transportation

201.689 203.934 202.684 -8.0 0.5 -0.6

New and used motor vehicles (3)

104.313 104.054 103.762 0.3 -0.5 -0.3

New vehicles

154.261 153.737 153.000 0.5 -0.8 -0.5

New cars and trucks (3) (4)

105.005 104.662 104.153 0.5 -0.8 -0.5

New cars (4)

155.354 155.010 153.830 -0.5 -1.0 -0.8

Used cars and trucks

150.400 150.507 150.635 -0.5 0.2 0.1

Motor fuel

226.151 235.267 229.495 -25.8 1.5 -2.5

Gasoline (all types)

225.036 234.270 228.523 -25.8 1.5 -2.5

Unleaded regular (4)

221.807 231.110 224.939 -26.4 1.4 -2.7

Unleaded midgrade (4) (5)

239.714 249.024 245.005 -24.1 2.2 -1.6

Unleaded premium (4)

234.639 243.022 239.763 -22.4 2.2 -1.3

Medical care

423.536 424.087 424.259 2.1 0.2 0.0

Medical care commodities

340.143 340.501 341.679 3.1 0.5 0.3

Medical care services

451.591 452.215 451.948 1.8 0.1 -0.1

Professional services

355.712 356.515 356.626 1.3 0.3 0.0

Recreation (3)

116.554 116.487 116.483 0.4 -0.1 0.0

Education and communication (3)

134.875 134.843 135.008 0.5 0.1 0.1

Other goods and services

404.332 406.407 406.867 1.5 0.6 0.1
 

Commodity and service group

 
 

All Items

230.886 232.026 231.719 -0.1 0.4 -0.1

Commodities

184.788 185.371 184.195 -3.6 -0.3 -0.6

Commodities less food and beverages

155.777 156.422 154.644 -6.8 -0.7 -1.1

Nondurables less food and beverages

200.889 202.634 199.505 -10.2 -0.7 -1.5

Nondurables less food, beverages, and apparel

240.844 244.888 242.254 -12.7 0.6 -1.1

Durables

112.907 112.615 112.021 -1.1 -0.8 -0.5

Services

277.576 279.264 279.793 2.2 0.8 0.2

Rent of shelter (2)

256.266 257.266 258.078 3.1 0.7 0.3

Transportation services

312.266 313.286 312.300 2.9 0.0 -0.3

Other services

330.600 330.904 331.674 1.9 0.3 0.2
 

Special aggregate indexes

 
 

All items less medical care

220.191 221.344 221.020 -0.3 0.4 -0.1

All items less food

228.298 229.539 229.116 -0.4 0.4 -0.2

All items less shelter

224.706 225.936 225.189 -1.5 0.2 -0.3

Commodities less food

157.980 158.588 156.850 -6.5 -0.7 -1.1

Nondurables

221.992 223.112 221.617 -4.4 -0.2 -0.7

Nondurables less food

202.050 203.653 200.692 -9.6 -0.7 -1.5

Nondurables less food and apparel

238.346 241.960 239.551 -11.7 0.5 -1.0

Services less rent of shelter (2)

313.063 315.678 315.864 1.3 0.9 0.1

Services less medical care services

261.755 263.476 264.043 2.3 0.9 0.2

Energy

200.710 209.641 207.200 -16.3 3.2 -1.2

All items less energy

234.996 235.265 235.197 1.8 0.1 0.0

All items less food and energy

233.433 233.667 233.509 1.8 0.0 -0.1

Commodities less food and energy commodities

149.613 149.007 147.839 -0.6 -1.2 -0.8

Energy commodities

229.848 238.861 233.040 -25.7 1.4 -2.4

Services less energy services

287.109 287.919 288.460 2.7 0.5 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) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
 

- Data not available.
Regions defined as the four Census regions. South includes Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Wednesday, August 19, 2015