News Release Information

12-2107-PHI

Tuesday, October 16, 2012

Contacts

Technical information:
Media contact:

Consumer Price Index, South Region – September 2012

Prices in the South up 0.5 percent over the month and 2.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South rose 0.5 percent in September, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that energy prices increased 2.3 percent over the month.  Food prices edged up 0.2 percent and the all items less food and energy index rose 0.3 percent. Within the all items less food and energy group, price increases were noted for a number of components including apparel, shelter, and education and communication. (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 2.1 percent. The index for all items less food and energy also rose 2.1 percent over the year. (See chart 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), South region, September 2009 - September 2012

Food

Food prices increased 0.2 percent in September as prices for food away from home rose 0.3 percent and those for food at home inched up 0.1 percent.

Since September 2011, the index for food advanced 1.9 percent. Prices for food away from home and food at home increased 2.7 and 1.4 percent, respectively.

Energy

The energy index advanced 2.3 percent in September led by a 4.5-percent rise in motor fuel prices. Electricity prices decreased 0.5 percent and utility (piped) gas service prices declined 2.6 percent over the month.

Over the year, energy prices rose 2.4 percent, primarily reflecting a 7.1-percent increase in motor fuel prices.  This increase was partially offset by price declines for electricity and utility (piped) gas service, down 2.3 and 12.7 percent, respectively.

All items less food and energy

The index for all items less food and energy edged up 0.3 percent, led by a seasonal advance in apparel prices (4.1 percent). Higher prices for several other components including shelter (0.3 percent) and education and communication (0.3 percent) also contributed to the overall rise.

Over the year, the index for all items less food and energy advanced 2.1 percent, led by price increases for shelter (2.4 percent) and medical care (4.0 percent).

The October 2012 Consumer Price Index for the South region is scheduled to be released on Thursday, November 15, 2012 at 8:30 a.m. (ET).

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

2007 2008 2009 2010 2011 2012
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.1 1.8 0.5 4.9 0.4 -0.1 0.3 2.8 0.5 1.7 0.5 3.2

February

0.5 2.2 0.3 4.6 0.5 0.1 0.0 2.3 0.5 2.2 0.6 3.3

March

1.0 2.6 0.8 4.4 0.3 -0.3 0.6 2.5 1.2 2.8 0.7 2.8

April

0.9 2.5 0.7 4.2 0.3 -0.7 0.1 2.4 0.7 3.4 0.4 2.5

May

0.6 2.7 0.9 4.6 0.3 -1.3 0.0 2.0 0.5 4.0 -0.4 1.6

June

0.4 2.7 1.1 5.3 1.0 -1.4 -0.1 0.9 -0.2 3.8 -0.2 1.7

July

-0.1 2.3 0.5 5.8 -0.3 -2.1 -0.1 1.0 0.2 4.1 -0.2

1.4

August

-0.3 2.0 -0.4 5.6 0.1 -1.6 0.2 1.1 0.4 4.3 0.6 1.6

September

0.3 3.0 0.1 5.4 0.0 -1.8 0.2 1.4 0.0 4.1 0.5 2.1

October

0.2 3.8 -1.2 3.9 0.2 -0.4 0.1 1.3 -0.2 3.7 - -

November

0.6 4.7 -2.2 1.0 0.2 2.0 0.0 1.1 0.0 3.8 - -

December

0.0 4.4 -1.0 0.0 -0.1 2.9 0.2 1.4 -0.2 3.3 - -

Technical Note

The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W), which covers 29 percent of the total population and (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include, in addition to wage earners and clerical worker households, 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 CPIs are 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. Prices are collected each month 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.

In calculating the index, price changes for the various items in each location are averaged together with weights, which represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. For the CPI-U and CPI-W separate indexes are also published by size of city, by region of the country, for cross-classifications of regions and population-size classed, and for 27 local areas. Area indexes do not measure differences in the level of prices among cities; they only measure the average change in prices for each area since the base period. For the C-CPI-U, data are issued only at the national level. It is important to note that the CPI-U and CPI-W are considered final when released, but the C-CPI-U is issued in preliminary form and subject to two annual revisions.

The index measures price changes from a designated reference date. For the CPI-U and the CPI-W the reference base is 1982-84 equals 100. The reference base for the C-CPI-U is December 1999 equals 100. An increase of 16.5 percent from the reference base, for example, is shown as 116.500. 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.

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.

For further details visit the CPI home page on the Internet at www.bls.gov/cpi or contact our CPI Information and Analysis Section at (202) 691-7000.
 
Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; TDD message referral phone number: (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-
Jul.
2012
Aug.
2012
Sep.
2012
Sep.
2011
Jul.
2012
Aug.
2012

Expenditure category

 
 

All Items

222.667 223.919 225.052 2.1 1.1 0.5

All items (December 1977=100)

361.197 363.228 365.066      

Food and beverages

231.977 232.303 232.677 1.8 0.3 0.2

Food

233.034 233.486 233.900 1.9 0.4 0.2

Food at home

229.606 230.036 230.277 1.4 0.3 0.1

Food away from home

240.756 241.247 241.937 2.7 0.5 0.3

Alcoholic beverages

216.560 215.009 214.769 0.9 -0.8 -0.1

Housing

208.087 208.260 208.411 1.6 0.2 0.1

Shelter

231.018 231.197 231.840 2.4 0.4 0.3

Rent of primary residence (1)

232.700 232.796 233.476 2.3 0.3 0.3

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

234.211 234.868 235.475 2.4 0.5 0.3

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

234.195 234.854 235.460 2.4 0.5 0.3

Fuels and utilities

223.698 224.660 223.272 -1.7 -0.2 -0.6

Household energy

187.787 188.566 187.166 -3.7 -0.3 -0.7

Energy services (1)

187.611 188.379 186.963 -3.7 -0.3 -0.8

Electricity (1)

188.364 188.164 187.246 -2.3 -0.6 -0.5

Utility (piped) gas service (1)

167.119 174.145 169.592 -12.7 1.5 -2.6

Household furnishings and operations

126.687 126.228 125.699 0.1 -0.8 -0.4

Apparel

130.628 130.673 136.002 1.8 4.1 4.1

Transportation

212.387 218.593 221.886 3.5 4.5 1.5

Private transportation

210.708 217.218 220.575 3.7 4.7 1.5

New and used motor vehicles (3)

102.371 102.167 101.321 0.0 -1.0 -0.8

New vehicles

149.165 148.974 148.866 1.1 -0.2 -0.1

New cars and trucks (3) (4)

101.467 101.355 101.282 1.0 -0.2 -0.1

New cars (4)

152.850 152.604 152.162 -0.2 -0.5 -0.3

Used cars and trucks

154.020 153.174 149.538 -1.2 -2.9 -2.4

Motor fuel

288.059 311.984 325.908 7.1 13.1 4.5

Gasoline (all types)

286.683 310.801 324.748 7.0 13.3 4.5

Unleaded regular (4)

285.586 309.802 324.073 7.1 13.5 4.6

Unleaded midgrade (4) (5)

298.567 323.485 337.264 6.7 13.0 4.3

Unleaded premium (4)

283.928 307.045 319.409 7.0 12.5 4.0

Medical care

397.983 396.445 397.093 4.0 -0.2 0.2

Medical care commodities

316.520 315.740 314.590 2.6 -0.6 -0.4

Medical care services

425.666 423.823 425.257 4.5 -0.1 0.3

Professional services

343.948 345.137 345.383 2.6 0.4 0.1

Recreation (3)

114.859 114.747 114.805 1.0 0.0 0.1

Education and communication (3)

130.080 130.494 130.860 1.7 0.6 0.3

Other goods and services

385.498 385.888 386.390 1.5 0.2 0.1
 

Commodity and service group

 
 

All Items

222.667 223.919 225.052 2.1 1.1 0.5

Commodities

186.881 189.172 190.961 2.0 2.2 0.9

Commodities less food and beverages

163.844 166.892 169.224 2.1 3.3 1.4

Nondurables less food and beverages

214.331 221.052 226.817 3.7 5.8 2.6

Nondurables less food, beverages, and apparel

265.471 276.044 282.177 4.2 6.3 2.2

Durables

116.638 116.168 115.209 -0.8 -1.2 -0.8

Services

259.363 259.643 260.167 2.2 0.3 0.2

Rent of shelter (2)

237.356 237.539 238.199 2.4 0.4 0.3

Transportation services

285.620 286.428 287.502 2.4 0.7 0.4

Other services

311.721 312.393 313.283 2.3 0.5 0.3
 

Special aggregate indexes

 
 

All items less medical care

212.801 214.159 215.301 2.0 1.2 0.5

All items less food

220.845 222.221 223.465 2.2 1.2 0.6

All items less shelter

220.816 222.527 223.874 2.0 1.4 0.6

Commodities less food

165.624 168.563 170.836 2.1 3.1 1.3

Nondurables

223.255 227.061 230.369 2.8 3.2 1.5

Nondurables less food

214.258 220.558 226.016 3.6 5.5 2.5

Nondurables less food and apparel

260.061 269.638 275.245 4.0 5.8 2.1

Services less rent of shelter (2)

295.188 295.602 295.967 2.0 0.3 0.1

Services less medical care services

244.358 244.760 245.218 2.0 0.4 0.2

Energy

229.546 240.837 246.437 2.4 7.4 2.3

All items less energy

222.541 222.605 223.211 2.0 0.3 0.3

All items less food and energy

221.077 221.072 221.714 2.1 0.3 0.3

Commodities less food and energy commodities

149.402 149.052 149.522 0.5 0.1 0.3

Energy commodities

291.982 315.756 329.546 6.9 12.9 4.4

Services less energy services

266.713 266.935 267.685 2.7 0.4 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: October 17, 2012