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16-1706-ATL
Tuesday, August 16, 2016

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Consumer Price Index, South Region – July 2016

Prices down 0.2 percent over the month; up 0.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged down 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. The energy index declined 2.2 percent over the month and the all items less food and energy index inched down 0.1 percent. The food index edged up 0.1 percent in July. (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 0.7 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 and medical care. (See chart 1.)

Food

The food index inched up 0.1 percent in July. Prices for food away from home edged up 0.2 percent, while those for food at home were unchanged over the month.

The food index inched down 0.1 percent over the year reflecting a 1.5 percent decline in the food at home index. The food away from home index was up 1.8 percent from July 2015 to July 2016.

Energy

The energy index declined 2.2 percent in July, led by a 6.3-percent decrease in motor fuel prices. The electricity and utility (piped) gas service indexes advanced over the month, up 0.9 and 4.4 percent, respectively.

From July 2015 to July 2016, energy prices declined 10.9 percent, reflecting a 19.2-percent drop in motor fuel prices. Prices for electricity decreased 2.8 percent since July 2015, while utility (piped) gas service prices were up 1.7 percent over the year.

All items less food and energy

The all items less food and energy index inched down 0.1 percent in July. Price increases for medical care (0.6 percent) and shelter (0.1 percent) were largely offset by a 1.9-percent seasonal decline in apparel prices.

Since July 2015, the all items less food and energy index advanced 2.2 percent, led by increases in several indexes, most notably shelter (2.6 percent) and medical care (3.9 percent). Other indexes with increases over the year included education and communication (1.3 percent), recreation (1.3 percent), and other goods and services (2.1 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 -0.2 0.7

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 August 2016 is scheduled to be released on Friday, September 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-
May
2016
Jun.
2016
Jul.
2016
Jul.
2015
May
2016
Jun.
2016

Expenditure category

 
 

All Items

232.906 233.838 233.287 0.7 0.2 -0.2

All items (December 1977=100)

377.806 379.317 378.423 - - -

Food and beverages

245.899 245.427 245.569 0.0 -0.1 0.1

Food

247.128 246.622 246.816 -0.1 -0.1 0.1

Food at home

237.930 236.877 236.861 -1.5 -0.4 0.0

Food away from home

263.683 263.986 264.492 1.8 0.3 0.2

Alcoholic beverages

228.379 228.427 227.781 1.5 -0.3 -0.3

Housing

224.587 226.264 226.738 1.8 1.0 0.2

Shelter

257.150 257.928 258.147 2.6 0.4 0.1

Rent of primary residence (1)

264.949 265.603 266.237 3.3 0.5 0.2

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

258.748 259.261 259.773 2.4 0.4 0.2

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

258.736 259.250 259.762 2.4 0.4 0.2

Fuels and utilities

223.388 231.538 234.047 -1.1 4.8 1.1

Household energy

180.293 188.923 191.331 -2.3 6.1 1.3

Energy services (1)

180.740 189.561 191.968 -2.2 6.2 1.3

Electricity (1)

181.077 190.668 192.323 -2.8 6.2 0.9

Utility (piped) gas service (1)

163.465 166.364 173.645 1.7 6.2 4.4

Household furnishings and operations

120.981 121.493 121.494 -0.2 0.4 0.0

Apparel

136.625 135.240 132.727 1.9 -2.9 -1.9

Transportation

198.250 199.690 196.101 -4.1 -1.1 -1.8

Private transportation

195.705 197.017 193.899 -4.3 -0.9 -1.6

New and used motor vehicles (3)

104.033 103.558 103.238 -0.5 -0.8 -0.3

New vehicles

154.010 153.173 152.600 -0.3 -0.9 -0.4

New cars and trucks (3) (4)

104.876 104.235 103.837 -0.3 -1.0 -0.4

New cars (4)

154.128 153.271 152.591 -0.8 -1.0 -0.4

Used cars and trucks

147.674 146.666 145.811 -3.2 -1.3 -0.6

Motor fuel

190.330 197.954 185.421 -19.2 -2.6 -6.3

Gasoline (all types)

189.611 197.173 184.548 -19.2 -2.7 -6.4

Unleaded regular (4)

185.246 192.795 179.823 -20.1 -2.9 -6.7

Unleaded midgrade (4) (5)

208.865 215.973 204.883 -16.4 -1.9 -5.1

Unleaded premium (4)

206.881 214.038 205.078 -14.5 -0.9 -4.2

Medical care

437.172 438.307 440.883 3.9 0.8 0.6

Medical care commodities

348.286 350.409 352.624 3.2 1.2 0.6

Medical care services

467.261 467.982 470.670 4.1 0.7 0.6

Professional services

361.628 363.009 366.261 2.7 1.3 0.9

Recreation (3)

118.432 118.389 117.984 1.3 -0.4 -0.3

Education and communication (3)

136.790 136.717 136.731 1.3 0.0 0.0

Other goods and services

414.542 416.425 415.302 2.1 0.2 -0.3
 

Commodity and service group

 
 

All Items

232.906 233.838 233.287 0.7 0.2 -0.2

Commodities

180.903 181.184 179.664 -2.5 -0.7 -0.8

Commodities less food and beverages

150.024 150.599 148.457 -4.0 -1.0 -1.4

Nondurables less food and beverages

191.209 193.226 188.921 -5.3 -1.2 -2.2

Nondurables less food, beverages, and apparel

225.526 229.431 224.049 -7.5 -0.7 -2.3

Durables

110.935 110.427 109.986 -1.8 -0.9 -0.4

Services

285.316 286.884 287.262 2.7 0.7 0.1

Rent of shelter (2)

263.901 264.687 264.924 2.7 0.4 0.1

Transportation services

328.485 329.461 327.766 5.0 -0.2 -0.5

Other services

340.218 340.398 339.955 2.5 -0.1 -0.1
 

Special aggregate indexes

 
 

All items less medical care

221.684 222.600 221.907 0.4 0.1 -0.3

All items less food

230.487 231.638 230.973 0.8 0.2 -0.3

All items less shelter

224.535 225.537 224.664 -0.2 0.1 -0.4

Commodities less food

152.451 153.016 150.901 -3.8 -1.0 -1.4

Nondurables

217.131 217.958 215.780 -2.6 -0.6 -1.0

Nondurables less food

193.091 195.002 190.894 -4.9 -1.1 -2.1

Nondurables less food and apparel

224.671 228.247 223.272 -6.8 -0.6 -2.2

Services less rent of shelter (2)

321.172 323.781 324.352 2.7 1.0 0.2

Services less medical care services

268.845 270.445 270.664 2.5 0.7 0.1

Energy

180.957 188.961 184.712 -10.9 2.1 -2.2

All items less energy

239.475 239.631 239.485 1.8 0.0 -0.1

All items less food and energy

238.541 238.812 238.607 2.2 0.0 -0.1

Commodities less food and energy commodities

148.579 148.172 147.465 -0.3 -0.7 -0.5

Energy commodities

193.537 201.122 188.721 -19.0 -2.5 -6.2

Services less energy services

296.366 297.102 297.249 3.0 0.3 0.0

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, August 16, 2016