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13-1230-PHI

Tuesday, June 18, 2013

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Consumer Price Index, South Region – May 2013

Prices in the South unchanged over the month; up 1.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South was unchanged in May, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the index for all items less food and energy was also unchanged over the month, while prices for both food and energy inched up 0.1 percent. Within the all items less food and energy group, price increases for indexes including shelter, recreation, and used cars and trucks were offset by price decreases for categories such as medical care and apparel. (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 1.3 percent. The index for all items less food and energy increased 1.7 percent over the year. (See chart 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), South region, May 2010 - May 2013

Food

Food prices inched up 0.1 percent in May. Prices for food away from home edged up 0.2 percent over the month, while prices for food at home were unchanged.

Since May 2012, the index for food rose 1.7 percent as prices for both food away from home and food at home increased 2.5 and 1.2 percent, respectively.

Energy

The energy index inched up 0.1 percent in May. Price increases for electricity (1.9 percent) and utility (piped) gas service (2.0 percent) were largely offset by a 1.2-percent decline in motor fuel prices.

Over the year, energy prices declined 2.0 percent, as a price decrease for motor fuel (-4.5 percent) was partially offset by a price increase for utility (piped) gas service (15.8 percent). Prices for electricity were little changed over the year, up 0.1 percent.

All items less food and energy

The index for all items less food and energy was unchanged in May. Among the components of the index recording price increases were shelter (0.2 percent), recreation (0.3 percent), and used cars and trucks (0.6 percent). These increases were offset by lower prices for components such as medical care   (-0.4 percent) and apparel (-0.6 percent).

Over the year, the index for all items less food and energy rose 1.7 percent, led by price increases for shelter (2.4 percent) and medical care (2.6 percent).

The June 2013 Consumer Price Index for the South region is scheduled to be released on Tuesday, July 16, 2013 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

2008 2009 2010 2011 2012 2013
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

0.5 4.9 0.4 -0.1 0.3 2.8 0.5 1.7 0.5 3.2 0.4 1.6

February

0.3 4.6 0.5 0.1 0.0 2.3 0.5 2.2 0.6 3.3 0.9 1.8

March

0.8 4.4 0.3 -0.3 0.6 2.5 1.2 2.8 0.7 2.8 0.3 1.5

April

0.7 4.2 0.3 -0.7 0.1 2.4 0.7 3.4 0.4 2.5 -0.2 0.9

May

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

June

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

July

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

1.4

   

August

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

September

0.1 5.4 0.0 -1.8 0.2 1.4 0.0 4.1 0.5 2.1    

October

-1.2 3.9 0.2 -0.4 0.1 1.3 -0.2 3.7 -0.2 2.1    

November

-2.2 1.0 0.2 2.0 0.0 1.1 0.0 3.8 -0.5 1.6    

December

-1.0 0.0 -0.1 2.9 0.2 1.4 -0.2 3.3 -0.1 1.7    

 

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; 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-
Mar.
2013
Apr.
2013
May
2013
May
2012
Mar.
2013
Apr.
2013

Expenditure category

 
 

All Items

226.628 226.202 226.289 1.3 -0.1 0.0

All items (December 1977=100)

367.623 366.930 367.073      

Food and beverages

234.913 235.277 235.453 1.7 0.2 0.1

Food

235.970 236.337 236.499 1.7 0.2 0.1

Food at home

232.259 232.459 232.426 1.2 0.1 0.0

Food away from home

244.163 244.797 245.265 2.5 0.5 0.2

Alcoholic beverages

219.511 219.808 220.204 1.5 0.3 0.2

Housing

209.535 210.058 210.734 2.0 0.6 0.3

Shelter

234.894 235.235 235.613 2.4 0.3 0.2

Rent of primary residence (1)

238.197 238.256 238.833 3.0 0.3 0.2

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

237.824 238.308 238.648 2.2 0.3 0.1

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

237.812 238.295 238.633 2.2 0.3 0.1

Fuels and utilities

216.385 218.899 222.102 2.4 2.6 1.5

Household energy

178.406 181.113 184.467 1.8 3.4 1.9

Energy services (1)

177.849 180.693 184.202 2.0 3.6 1.9

Electricity (1)

175.261 177.556 180.980 0.1 3.3 1.9

Utility (piped) gas service (1)

179.964 186.154 189.927 15.8 5.5 2.0

Household furnishings and operations

125.749 125.455 125.366 -0.9 -0.3 -0.1

Apparel

137.679 137.729 136.843 0.2 -0.6 -0.6

Transportation

221.888 218.399 217.587 -0.8 -1.9 -0.4

Private transportation

220.293 216.646 215.635 -0.9 -2.1 -0.5

New and used motor vehicles (3)

101.911 102.592 102.712 0.6 0.8 0.1

New vehicles

151.354 151.689 151.747 1.5 0.3 0.0

New cars and trucks (3) (4)

103.044 103.257 103.294 1.5 0.2 0.0

New cars (4)

154.821 155.165 155.156 1.1 0.2 0.0

Used cars and trucks

147.315 148.577 149.455 -1.6 1.5 0.6

Motor fuel

319.570 304.730 301.145 -4.5 -5.8 -1.2

Gasoline (all types)

318.120 303.217 299.815 -4.5 -5.8 -1.1

Unleaded regular (4)

316.674 301.403 298.004 -4.9 -5.9 -1.1

Unleaded midgrade (4) (5)

331.809 317.274 313.347 -4.0 -5.6 -1.2

Unleaded premium (4)

315.681 302.215 299.608 -2.8 -5.1 -0.9

Medical care

405.009 404.398 402.929 2.6 -0.5 -0.4

Medical care commodities

319.258 321.623 319.923 2.1 0.2 -0.5

Medical care services

434.447 432.526 431.192 2.7 -0.7 -0.3

Professional services

347.541 348.641 348.249 2.4 0.2 -0.1

Recreation (3)

115.325 115.342 115.652 0.6 0.3 0.3

Education and communication (3)

132.256 131.788 131.787 1.3 -0.4 0.0

Other goods and services

392.645 393.230 393.078 2.2 0.1 0.0
 

Commodity and service group

 
 

All Items

226.628 226.202 226.289 1.3 -0.1 0.0

Commodities

191.440 190.210 189.718 -0.2 -0.9 -0.3

Commodities less food and beverages

168.965 167.107 166.350 -1.3 -1.5 -0.5

Nondurables less food and beverages

226.418 222.471 220.893 -1.4 -2.4 -0.7

Nondurables less food, beverages, and apparel

280.618 274.365 272.369 -1.9 -2.9 -0.7

Durables

115.084 115.224 115.252 -1.1 0.1 0.0

Services

262.804 263.135 263.776 2.4 0.4 0.2

Rent of shelter (2)

241.211 241.558 241.933 2.3 0.3 0.2

Transportation services

293.182 293.609 293.609 2.7 0.1 0.0

Other services

317.385 317.008 317.696 2.1 0.1 0.2
 

Special aggregate indexes

 
 

All items less medical care

216.590 216.175 216.328 1.2 -0.1 0.1

All items less food

224.962 224.412 224.488 1.2 -0.2 0.0

All items less shelter

224.843 224.091 224.058 0.9 -0.3 0.0

Commodities less food

170.704 168.895 168.165 -1.2 -1.5 -0.4

Nondurables

231.181 229.200 228.423 0.0 -1.2 -0.3

Nondurables less food

225.876 222.145 220.668 -1.3 -2.3 -0.7

Nondurables less food and apparel

274.178 268.466 266.666 -1.7 -2.7 -0.7

Services less rent of shelter (2)

298.206 298.528 299.525 2.5 0.4 0.3

Services less medical care services

247.415 247.873 248.618 2.3 0.5 0.3

Energy

238.958 233.628 233.756 -2.0 -2.2 0.1

All items less energy

225.867 226.021 226.105 1.7 0.1 0.0

All items less food and energy

224.480 224.596 224.665 1.7 0.1 0.0

Commodities less food and energy commodities

150.362 150.604 150.323 -0.1 0.0 -0.2

Energy commodities

323.372 308.582 304.958 -4.5 -5.7 -1.2

Services less energy services

271.698 271.731 272.030 2.4 0.1 0.1

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: June 18, 2013