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13-1705-PHI

Thursday, August 15, 2013

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Consumer Price Index, South Region – July 2013

Prices in the South up 0.2 percent over the month and 2.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged up 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the index for energy advanced 0.9 percent over the month. The all items less food and energy index and the food index each inched up 0.1 percent. Within the all items less food and energy group, price increases for indexes including shelter were partially offset by a seasonal decline in apparel prices. (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 2.2 percent. The index for all items less food and energy increased 1.8 percent over the year. (See chart 1.)

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

Food

Food prices were little changed, inching up 0.1 percent in July. Prices for food away from home increased 0.3 percent over the month and those for food at home inched up 0.1 percent.

Since July 2012, the index for food rose 1.7 percent as prices for food away from home and food at home increased, up 2.3 and 1.3 percent, respectively.

Energy

The energy index advanced 0.9 percent in July, as prices for motor fuel and electricity increased 1.4 and 0.6 percent, respectively. Moderating the increase in the energy index was a 1.7-percent decline in prices for utility (piped) gas service.

Over the year, energy prices increased 5.4 percent. Price increases were recorded for motor fuel (6.3 percent), electricity (3.1 percent), and utility (piped) gas service (12.9 percent).

All items less food and energy

The index for all items less food and energy inched up 0.1 percent in July. A 0.2-percent rise in the shelter index was largely offset by a 1.6-percent seasonal decline in the apparel index.

Over the year, the index for all items less food and energy rose 1.8 percent, led by a price increase for shelter (2.4 percent).

The August 2013 Consumer Price Index for the South region is scheduled to be released on Tuesday, September 17, 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 0.4 1.9

July

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

1.4

0.2 2.2

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-
May
2013
Jun.
2013
Jul.
2013
Jul.
2012
May
2013
Jun.
2013

Expenditure category

 
 

All Items

226.289 227.148 227.548 2.2 0.6 0.2

All items (December 1977=100)

367.073 368.466 369.114      

Food and beverages

235.453 235.514 235.898 1.7 0.2 0.2

Food

236.499 236.592 236.915 1.7 0.2 0.1

Food at home

232.426 232.380 232.517 1.3 0.0 0.1

Food away from home

245.265 245.573 246.191 2.3 0.4 0.3

Alcoholic beverages

220.204 219.783 221.081 2.1 0.4 0.6

Housing

210.734 212.518 212.805 2.3 1.0 0.1

Shelter

235.613 236.154 236.532 2.4 0.4 0.2

Rent of primary residence (1)

238.833 239.509 240.079 3.2 0.5 0.2

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

238.648 239.124 239.458 2.2 0.3 0.1

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

238.633 239.108 239.440 2.2 0.3 0.1

Fuels and utilities

222.102 232.150 232.809 4.1 4.8 0.3

Household energy

184.467 195.108 195.627 4.2 6.0 0.3

Energy services (1)

184.202 195.130 195.693 4.3 6.2 0.3

Electricity (1)

180.980 193.121 194.274 3.1 7.3 0.6

Utility (piped) gas service (1)

189.927 192.031 188.700 12.9 -0.6 -1.7

Household furnishings and operations

125.366 125.637 125.306 -1.1 0.0 -0.3

Apparel

136.843 135.722 133.613 2.3 -2.4 -1.6

Transportation

217.587 218.099 219.921 3.5 1.1 0.8

Private transportation

215.635 216.188 218.340 3.6 1.3 1.0

New and used motor vehicles (3)

102.712 103.305 103.385 1.0 0.7 0.1

New vehicles

151.747 152.924 152.499 2.2 0.5 -0.3

New cars and trucks (3) (4)

103.294 104.078 103.782 2.3 0.5 -0.3

New cars (4)

155.156 155.326 154.763 1.3 -0.3 -0.4

Used cars and trucks

149.455 150.159 151.030 -1.9 1.1 0.6

Motor fuel

301.145 301.856 306.221 6.3 1.7 1.4

Gasoline (all types)

299.815 300.665 305.117 6.4 1.8 1.5

Unleaded regular (4)

298.004 298.607 303.292 6.2 1.8 1.6

Unleaded midgrade (4) (5)

313.347 315.108 319.008 6.8 1.8 1.2

Unleaded premium (4)

299.608 300.915 304.676 7.3 1.7 1.2

Medical care

402.929 404.429 404.715 1.7 0.4 0.1

Medical care commodities

319.923 320.601 320.500 1.3 0.2 0.0

Medical care services

431.192 433.024 433.476 1.8 0.5 0.1

Professional services

348.249 348.630 348.751 1.4 0.1 0.0

Recreation (3)

115.652 115.585 115.542 0.6 -0.1 0.0

Education and communication (3)

131.787 131.750 131.753 1.3 0.0 0.0

Other goods and services

393.078 392.759 392.780 1.9 -0.1 0.0
 

Commodity and service group

 
 

All Items

226.289 227.148 227.548 2.2 0.6 0.2

Commodities

189.718 189.821 190.005 1.7 0.2 0.1

Commodities less food and beverages

166.350 166.468 166.565 1.7 0.1 0.1

Nondurables less food and beverages

220.893 220.670 221.087 3.2 0.1 0.2

Nondurables less food, beverages, and apparel

272.369 272.640 274.468 3.4 0.8 0.7

Durables

115.252 115.701 115.489 -1.0 0.2 -0.2

Services

263.776 265.363 265.972 2.5 0.8 0.2

Rent of shelter (2)

241.933 242.460 242.853 2.3 0.4 0.2

Transportation services

293.609 293.240 296.131 3.7 0.9 1.0

Other services

317.696 317.823 318.054 2.0 0.1 0.1
 

Special aggregate indexes

 
 

All items less medical care

216.328 217.151 217.551 2.2 0.6 0.2

All items less food

224.488 225.466 225.877 2.3 0.6 0.2

All items less shelter

224.058 225.056 225.468 2.1 0.6 0.2

Commodities less food

168.165 168.270 168.397 1.7 0.1 0.1

Nondurables

228.423 228.329 228.733 2.5 0.1 0.2

Nondurables less food

220.668 220.435 220.897 3.1 0.1 0.2

Nondurables less food and apparel

266.666 266.882 268.658 3.3 0.7 0.7

Services less rent of shelter (2)

299.525 302.511 303.414 2.8 1.3 0.3

Services less medical care services

248.618 250.159 250.766 2.6 0.9 0.2

Energy

233.756 239.662 241.920 5.4 3.5 0.9

All items less energy

226.105 226.367 226.547 1.8 0.2 0.1

All items less food and energy

224.665 224.958 225.113 1.8 0.2 0.1

Commodities less food and energy commodities

150.323 150.330 149.787 0.3 -0.4 -0.4

Energy commodities

304.958 305.685 309.982 6.2 1.6 1.4

Services less energy services

272.030 272.508 273.120 2.4 0.4 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: August 22, 2013