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Friday, July 15, 2016

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Consumer Price Index, South Region – June 2016

Prices up 0.4 percent over the month and 0.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South was up 0.4 percent in June, the U.S. Bureau of Labor Statistics reported today. The energy index advanced 4.4 percent over the month and the all items less food and energy index inched up 0.1 percent. The food index edged down 0.2 percent in June. (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 0.8 percent. The all items less food and energy index increased 2.2 percent over the year reflecting price increases for several categories, most notably shelter. (See chart 1.)

Food

The food index edged down 0.2 percent in June led by a decline in the food at home index (-0.4 percent). The food away from home index inched up 0.1 percent over the month.

The food index was unchanged over the year. The food at home index declined 1.4 percent since June 2015, while the food away from home index was up 1.9 percent.

Energy

The energy index advanced 4.4 percent in June, reflecting price increases for electricity (5.3 percent), motor fuel (4.0 percent), and utility (piped) gas service (1.8 percent).

From June 2015—June 2016, energy prices declined 9.9 percent, reflecting a 15.9-percent drop in motor fuel prices. Prices for electricity (-3.6 percent) and utility (piped) gas service (-1.0 percent) also declined over the year.

All items less food and energy

The all items less food and energy index inched up 0.1 percent in June led by an increase in the shelter index (0.3 percent).

Since June 2015, the all items less food and energy index advanced 2.2 percent, led by increases in several indexes, most notably, shelter (2.9 percent). Other indexes with increases over the year included medical care (3.4 percent), education and communication (1.4 percent), recreation (1.6 percent), and other goods and services (2.5 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 0.4 0.9

June

-0.2 1.7 0.4 1.9 0.2 2.3 0.5 -0.1 0.4 0.8

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 July 2016 is scheduled to be released on Tuesday, August 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-
Apr.
2016
May
2016
Jun.
2016
Jun.
2015
Apr.
2016
May
2016

Expenditure category

 
 

All Items

231.975 232.906 233.838 0.8 0.8 0.4

All items (December 1977=100)

376.295 377.806 379.317 - - -

Food and beverages

246.329 245.899 245.427 0.1 -0.4 -0.2

Food

247.685 247.128 246.622 0.0 -0.4 -0.2

Food at home

239.123 237.930 236.877 -1.4 -0.9 -0.4

Food away from home

263.298 263.683 263.986 1.9 0.3 0.1

Alcoholic beverages

226.871 228.379 228.427 1.7 0.7 0.0

Housing

223.762 224.587 226.264 1.8 1.1 0.7

Shelter

256.290 257.150 257.928 2.9 0.6 0.3

Rent of primary residence (1)

264.147 264.949 265.603 3.5 0.6 0.2

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

258.039 258.748 259.261 2.5 0.5 0.2

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

258.028 258.736 259.250 2.5 0.5 0.2

Fuels and utilities

221.103 223.388 231.538 -1.9 4.7 3.6

Household energy

177.943 180.293 188.923 -3.4 6.2 4.8

Energy services (1)

178.301 180.740 189.561 -3.2 6.3 4.9

Electricity (1)

178.394 181.077 190.668 -3.6 6.9 5.3

Utility (piped) gas service (1)

162.875 163.465 166.364 -1.0 2.1 1.8

Household furnishings and operations

121.265 120.981 121.493 -0.9 0.2 0.4

Apparel

136.869 136.625 135.240 0.7 -1.2 -1.0

Transportation

194.784 198.250 199.690 -3.3 2.5 0.7

Private transportation

192.535 195.705 197.017 -3.4 2.3 0.7

New and used motor vehicles (3)

104.353 104.033 103.558 -0.5 -0.8 -0.5

New vehicles

154.445 154.010 153.173 -0.4 -0.8 -0.5

New cars and trucks (3) (4)

105.171 104.876 104.235 -0.4 -0.9 -0.6

New cars (4)

154.659 154.128 153.271 -1.1 -0.9 -0.6

Used cars and trucks

148.060 147.674 146.666 -2.6 -0.9 -0.7

Motor fuel

177.154 190.330 197.954 -15.9 11.7 4.0

Gasoline (all types)

176.441 189.611 197.173 -15.8 11.8 4.0

Unleaded regular (4)

171.956 185.246 192.795 -16.6 12.1 4.1

Unleaded midgrade (4) (5)

195.669 208.865 215.973 -13.3 10.4 3.4

Unleaded premium (4)

195.403 206.881 214.038 -11.9 9.5 3.5

Medical care

437.480 437.172 438.307 3.4 0.2 0.3

Medical care commodities

351.695 348.286 350.409 2.9 -0.4 0.6

Medical care services

466.316 467.261 467.982 3.5 0.4 0.2

Professional services

360.276 361.628 363.009 1.8 0.8 0.4

Recreation (3)

118.426 118.432 118.389 1.6 0.0 0.0

Education and communication (3)

137.200 136.790 136.717 1.4 -0.4 -0.1

Other goods and services

412.283 414.542 416.425 2.5 1.0 0.5
 

Commodity and service group

 
 

All Items

231.975 232.906 233.838 0.8 0.8 0.4

Commodities

180.223 180.903 181.184 -2.3 0.5 0.2

Commodities less food and beverages

148.920 150.024 150.599 -3.7 1.1 0.4

Nondurables less food and beverages

187.988 191.209 193.226 -4.6 2.8 1.1

Nondurables less food, beverages, and apparel

220.353 225.526 229.431 -6.3 4.1 1.7

Durables

111.435 110.935 110.427 -1.9 -0.9 -0.5

Services

284.133 285.316 286.884 2.7 1.0 0.5

Rent of shelter (2)

263.010 263.901 264.687 2.9 0.6 0.3

Transportation services

325.023 328.485 329.461 5.2 1.4 0.3

Other services

339.754 340.218 340.398 2.9 0.2 0.1
 

Special aggregate indexes

 
 

All items less medical care

220.702 221.684 222.600 0.6 0.9 0.4

All items less food

229.327 230.487 231.638 0.9 1.0 0.5

All items less shelter

223.568 224.535 225.537 -0.2 0.9 0.4

Commodities less food

151.333 152.451 153.016 -3.5 1.1 0.4

Nondurables

215.657 217.131 217.958 -2.3 1.1 0.4

Nondurables less food

189.963 193.091 195.002 -4.2 2.7 1.0

Nondurables less food and apparel

219.817 224.671 228.247 -5.7 3.8 1.6

Services less rent of shelter (2)

319.580 321.172 323.781 2.6 1.3 0.8

Services less medical care services

267.663 268.845 270.445 2.6 1.0 0.6

Energy

173.868 180.957 188.961 -9.9 8.7 4.4

All items less energy

239.219 239.475 239.631 1.9 0.2 0.1

All items less food and energy

238.141 238.541 238.812 2.2 0.3 0.1

Commodities less food and energy commodities

149.111 148.579 148.172 -0.6 -0.6 -0.3

Energy commodities

180.474 193.537 201.122 -15.8 11.4 3.9

Services less energy services

295.329 296.366 297.102 3.2 0.6 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) 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: Friday, July 15, 2016