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Tuesday, May 17, 2016

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Consumer Price Index, South Region – April 2016

Prices up 0.4 percent over the month and 0.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South was up 0.4 percent in April, the U.S. Bureau of Labor Statistics reported today. The energy index advanced 3.2 percent over the month and the all items less food and energy index edged up 0.3 percent. The food index was unchanged in April. (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 rose 0.9 percent. The all items less food and energy index increased 2.1 percent over the year reflecting price increases for shelter, medical care, and education and communication. (See chart 1.)

Food

The food index was unchanged in April. Prices for food away from home inched up 0.1 percent over the month, while those for food at home were unchanged.

Since April 2015, the food index rose 0.7 percent, reflecting higher prices for food away from home (2.1 percent). The food at home index edged down 0.3 percent over the year.

Energy

The energy index advanced 3.2 percent in April, led by an 8.1-percent rise in motor fuel prices. The electricity and utility (piped) gas service indexes each declined over the month, down 0.6 and 0.8 percent, respectively.

Over the year, energy prices declined 9.7 percent, reflecting a 15.0-percent drop in motor fuel prices. Prices for electricity (-3.8 percent) and utility (piped) gas service (-6.3 percent) also declined over the year.

All items less food and energy

The all items less food and energy index edged up 0.3 percent in April led by an increase in the shelter index (0.3 percent).

Since April 2015, the all items less food and energy index advanced 2.1 percent, led by increases in several indexes, most notably, shelter (2.7 percent), medical care (3.6 percent), and education and communication (1.6 percent).

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 3.2 0.4 1.6 0.3 1.7 -0.7 -0.4 0.0 1.2

February

0.6 3.3 0.9 1.8 0.4 1.2 0.5 -0.3 0.1 0.7

March

0.7 2.8 0.3 1.5 0.6 1.5 0.6 -0.3 0.6 0.7

April

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

May

-0.4 1.6 0.0 1.3 0.2 2.4 0.4 -0.4    

June

-0.2 1.7 0.4 1.9 0.2 2.3 0.5 -0.1    

July

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

August

0.6 1.6 0.1 1.7 -0.2 1.7 -0.2 -0.2    

September

0.5 2.1 0.0 1.3 0.1 1.7 -0.2 -0.4    

October

-0.2 2.1 -0.2 1.3 -0.3 1.6 0.0 -0.1    

November

-0.5 1.6 -0.3 1.5 -0.6 1.3 -0.2 0.3    

December

-0.1 1.7 0.1 1.8 -0.6 0.6 -0.4 0.5    

The Consumer Price Index for May 2016 is scheduled to be released on Thursday, June 16, 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 http://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 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-
Feb.
2016
Mar.
2016
Apr.
2016
Apr.
2015
Feb.
2016
Mar.
2016

Expenditure category

 
 

All Items

229.646 230.977 231.975 0.9 1.0 0.4

All items (December 1977=100)

372.517 374.676 376.295 - - -

Food and beverages

246.728 246.284 246.329 0.7 -0.2 0.0

Food

248.101 247.659 247.685 0.7 -0.2 0.0

Food at home

240.210 239.226 239.123 -0.3 -0.5 0.0

Food away from home

262.719 263.080 263.298 2.1 0.2 0.1

Alcoholic beverages

227.009 226.532 226.871 0.6 -0.1 0.1

Housing

223.206 223.438 223.762 1.6 0.2 0.1

Shelter

254.928 255.585 256.290 2.7 0.5 0.3

Rent of primary residence (1)

262.581 263.374 264.147 3.4 0.6 0.3

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

257.037 257.340 258.039 2.5 0.4 0.3

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

257.028 257.330 258.028 2.5 0.4 0.3

Fuels and utilities

223.084 222.014 221.103 -2.6 -0.9 -0.4

Household energy

180.066 178.979 177.943 -4.3 -1.2 -0.6

Energy services (1)

180.436 179.357 178.301 -4.1 -1.2 -0.6

Electricity (1)

180.587 179.393 178.394 -3.8 -1.2 -0.6

Utility (piped) gas service (1)

164.448 164.225 162.875 -6.3 -1.0 -0.8

Household furnishings and operations

121.849 121.449 121.265 -1.2 -0.5 -0.2

Apparel

132.186 136.650 136.869 -2.0 3.5 0.2

Transportation

186.352 190.858 194.784 -2.2 4.5 2.1

Private transportation

183.783 188.487 192.535 -2.3 4.8 2.1

New and used motor vehicles (3)

103.611 104.169 104.353 0.1 0.7 0.2

New vehicles

154.845 154.794 154.445 0.1 -0.3 -0.2

New cars and trucks (3) (4)

105.455 105.423 105.171 0.1 -0.3 -0.2

New cars (4)

155.362 155.228 154.659 -0.5 -0.5 -0.4

Used cars and trucks

144.670 146.816 148.060 -1.1 2.3 0.8

Motor fuel

146.874 163.840 177.154 -15.0 20.6 8.1

Gasoline (all types)

145.991 163.061 176.441 -14.9 20.9 8.2

Unleaded regular (4)

141.180 158.432 171.956 -15.6 21.8 8.5

Unleaded midgrade (4) (5)

166.183 183.692 195.669 -12.1 17.7 6.5

Unleaded premium (4)

169.145 183.411 195.403 -10.6 15.5 6.5

Medical care

435.890 436.755 437.480 3.6 0.4 0.2

Medical care commodities

349.499 349.968 351.695 4.0 0.6 0.5

Medical care services

464.990 466.003 466.316 3.5 0.3 0.1

Professional services

358.899 360.226 360.276 1.4 0.4 0.0

Recreation (3)

116.974 118.139 118.426 1.5 1.2 0.2

Education and communication (3)

137.103 137.169 137.200 1.6 0.1 0.0

Other goods and services

410.899 411.505 412.283 2.1 0.3 0.2
 

Commodity and service group

 
 

All Items

229.646 230.977 231.975 0.9 1.0 0.4

Commodities

176.861 178.844 180.223 -1.7 1.9 0.8

Commodities less food and beverages

144.146 147.046 148.920 -3.3 3.3 1.3

Nondurables less food and beverages

177.682 183.961 187.988 -4.5 5.8 2.2

Nondurables less food, beverages, and apparel

206.749 214.168 220.353 -5.3 6.6 2.9

Durables

110.975 111.241 111.435 -1.4 0.4 0.2

Services

282.779 283.493 284.133 2.5 0.5 0.2

Rent of shelter (2)

261.600 262.272 263.010 2.7 0.5 0.3

Transportation services

319.862 321.415 325.023 5.0 1.6 1.1

Other services

337.634 339.449 339.754 2.7 0.6 0.1
 

Special aggregate indexes

 
 

All items less medical care

218.356 219.699 220.702 0.6 1.1 0.5

All items less food

226.578 228.181 229.327 0.9 1.2 0.5

All items less shelter

220.823 222.442 223.568 0.0 1.2 0.5

Commodities less food

146.660 149.489 151.333 -3.1 3.2 1.2

Nondurables

210.472 213.535 215.657 -1.9 2.5 1.0

Nondurables less food

180.216 186.133 189.963 -4.2 5.4 2.1

Nondurables less food and apparel

207.383 214.132 219.817 -4.9 6.0 2.7

Services less rent of shelter (2)

318.256 319.045 319.580 2.3 0.4 0.2

Services less medical care services

266.328 267.011 267.663 2.4 0.5 0.2

Energy

161.619 168.538 173.868 -9.7 7.6 3.2

All items less energy

237.975 238.695 239.219 1.8 0.5 0.2

All items less food and energy

236.605 237.529 238.141 2.1 0.6 0.3

Commodities less food and energy commodities

147.921 148.832 149.111 -0.7 0.8 0.2

Energy commodities

150.400 167.238 180.474 -15.0 20.0 7.9

Services less energy services

293.582 294.498 295.329 3.0 0.6 0.3

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: Tuesday, May 17, 2016