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13-2431-PHI

Tuesday, December 17, 2013

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Consumer Price Index, South Region – November 2013

Prices in the South down 0.3 percent over the month; up 1.5 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South decreased 0.3 percent in November, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the bureau’s regional commissioner, noted that the energy and food indexes each declined over the month, down 2.0 and 0.3 percent respectively. The all items less food and energy group was unchanged over the month. Within the all items less food and energy group, declines in prices for apparel, medical care, and new and used motor vehicles were largely offset by an increase in prices for shelter. (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 advanced 1.5 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, November 2010 - November 2013

Food

The food index decreased 0.3 percent in November as prices for food at home declined 0.7 percent. Prices for food away from home rose 0.3 percent over the month.

Since November 2012, the index for food increased 1.5 percent. Prices for food away from home and food at home increased 2.3 and 1.0 percent, respectively.

Energy

The energy index declined 2.0 percent over the month, reflecting price decreases for motor fuel (-2.4 percent) and electricity (-1.9 percent). Prices for utility (piped) gas service rose 0.8 percent in November.

Over the year, energy prices decreased 0.4 percent, as a 3.0-percent decline in motor fuel prices was largely offset by price advances for both electricity (3.3 percent) and utility (piped) gas service (3.6 percent).

All items less food and energy

The index for all items less food and energy was unchanged in November. Apparel prices recorded a decrease (-0.9 percent) over the month. Prices for both medical care and new and used motor vehicles decreased 0.4 percent in November. These decreases were largely offset by a 0.2-percent increase in shelter prices

Over the year, the index for all items less food and energy advanced 1.8 percent, led by price increases for shelter (2.2 percent) and medical care (2.4 percent).

The December 2013 Consumer Price Index for the South region is scheduled to be released on Thursday, January 16, 2014 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 0.1 1.7

September

0.1 5.4 0.0 -1.8 0.2 1.4 0.0 4.1 0.5 2.1 0.0 1.3

October

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

November

-2.2 1.0 0.2 2.0 0.0 1.1 0.0 3.8 -0.5 1.6 -0.3 1.5

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-
Sep.
2013
Oct.
2013
Nov.
2013
Nov.
2012
Sep.
2013
Oct.
2013

Expenditure category

 
 

All Items

227.876 227.420 226.811 1.5 -0.5 -0.3

All items (December 1977=100)

369.647 368.907 367.919      

Food and beverages

236.875 237.412 236.783 1.6 0.0 -0.3

Food

237.937 238.514 237.876 1.5 0.0 -0.3

Food at home

233.769 234.516 232.985 1.0 -0.3 -0.7

Food away from home

246.863 247.182 247.931 2.3 0.4 0.3

Alcoholic beverages

221.388 221.341 220.837 2.2 -0.2 -0.2

Housing

212.786 212.140 211.954 1.9 -0.4 -0.1

Shelter

236.885 237.445 237.953 2.2 0.5 0.2

Rent of primary residence (1)

241.233 241.940 242.429 2.6 0.5 0.2

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

240.123 240.705 241.311 2.0 0.5 0.3

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

240.108 240.689 241.297 2.0 0.5 0.3

Fuels and utilities

231.718 224.756 222.244 3.3 -4.1 -1.1

Household energy

194.247 186.373 183.689 3.3 -5.4 -1.4

Gas (piped) and electricity (1)

194.091 185.936 183.138 3.3 -5.6 -1.5

Electricity (1)

193.296 183.913 180.505 3.3 -6.6 -1.9

Utility (piped) gas service (1)

183.162 183.689 185.105 3.6 1.1 0.8

Household furnishings and operations

124.689 124.275 123.207 -2.2 -1.2 -0.9

Apparel

138.479 140.129 138.872 0.5 0.3 -0.9

Transportation

217.427 215.312 213.674 0.6 -1.7 -0.8

Private transportation

215.857 213.467 211.605 0.4 -2.0 -0.9

New and used motor vehicles (3)

102.936 102.917 102.457 2.0 -0.5 -0.4

New vehicles

151.779 152.142 151.784 1.6 0.0 -0.2

New cars and trucks (3) (4)

103.315 103.541 103.301 1.6 0.0 -0.2

New cars (3)

153.839 154.331 153.709 0.6 -0.1 -0.4

Used cars and trucks

150.347 149.143 147.628 2.3 -1.8 -1.0

Motor fuel

298.434 288.002 281.023 -3.0 -5.8 -2.4

Gasoline (all types)

296.876 286.280 279.163 -3.0 -6.0 -2.5

Unleaded regular (4)

294.696 283.895 276.681 -3.3 -6.1 -2.5

Unleaded midgrade (4) (5)

311.132 300.903 293.391 -2.5 -5.7 -2.5

Unleaded premium (4)

297.906 288.153 282.237 -1.5 -5.3 -2.1

Medical Care

409.005 409.169 407.736 2.4 -0.3 -0.4

Medical care commodities

323.828 325.765 325.451 3.1 0.5 -0.1

Medical care services

438.102 437.474 435.574 2.2 -0.6 -0.4

Professional services

349.327 349.314 349.455 1.5 0.0 0.0

Recreation (3)

115.623 115.664 115.614 0.9 0.0 0.0

Education and communication (3)

133.261 133.484 133.517 1.8 0.2 0.0

Other goods and services

393.513 393.762 393.918 1.6 0.1 0.0
 

Commodity and Service Group

 
 

All Items

227.876 227.420 226.811 1.5 -0.5 -0.3

Commodities

189.907 189.226 187.855 0.1 -1.1 -0.7

Commodities less food & beverages

166.025 164.856 163.212 -0.7 -1.7 -1.0

Nondurables less food & beverages

220.851 218.779 216.130 -0.7 -2.1 -1.2

Nondurables less food, beverages, and apparel

271.395 267.212 263.734 -1.0 -2.8 -1.3

Durables

114.651 114.344 113.653 -0.7 -0.9 -0.6

Services

266.711 266.462 266.570 2.5 -0.1 0.0

Rent of shelter (2)

243.214 243.788 244.299 2.2 0.4 0.2

Transportation services

295.539 298.363 300.578 3.6 1.7 0.7

Other services

320.823 321.193 321.387 2.4 0.2 0.1
 

Special aggregate indexes:

 
 

All items less medical care

217.707 217.229 216.661 1.5 -0.5 -0.3

All items less food

226.097 225.480 224.876 1.5 -0.5 -0.3

All items less shelter

225.789 224.903 223.822 1.2 -0.9 -0.5

Commodities less food

167.877 166.734 165.114 -0.6 -1.6 -1.0

Nondurables

229.053 228.173 226.443 0.4 -1.1 -0.8

Nondurables less food

220.687 218.719 216.180 -0.5 -2.0 -1.2

Nondurables less food and apparel

265.863 262.023 258.795 -0.8 -2.7 -1.2

Services less rent of shelter (2)

304.656 303.352 302.949 2.8 -0.6 -0.1

Services less medical care services

251.259 251.038 251.262 2.5 0.0 0.1

Energy

237.654 228.778 224.196 -0.4 -5.7 -2.0

All items less energy

227.422 227.964 227.825 1.8 0.2 -0.1

All items less food and energy

225.964 226.501 226.450 1.8 0.2 0.0

Commodities less food and energy commodities

150.385 150.689 149.878 0.1 -0.3 -0.5

Energy commodities

302.459 292.171 285.288 -2.9 -5.7 -2.4

Services less energy services

274.132 274.817 275.267 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.

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.
- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: December 19, 2013