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14-1371-ATL

Tuesday, July 22, 2014

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Consumer Price Index, Atlanta – June 2014

Area prices up 1.5 percent over the two months and 3.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Atlanta increased 1.5 percent over the two months, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the advance was primarily due to higher prices for energy, though an increase in the index for all items less food and energy was also a major factor. Within the all items less food and energy group, shelter and medical care were among the indexes recording increases. (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 3.0 percent. The index for all items less food and energy also rose 3.0 percent over the year. (See chart 1.)

Chart 1. Over-the-year percent change in CPI for All Urban Consumers (CPI-U), Atlanta, June 2011–June 2014

Food

Food prices increased 0.7 percent during the May and June pricing period, reflecting price advances for both food away from home (1.0 percent) and food at home (0.5 percent).

Over the year, the food index rose 2.8 percent, reflecting price increases for both food at home (3.4 percent) and food away from home (2.0 percent).

Energy

The energy index advanced 9.9 percent over the two-month period, dominated by a 32.2-percent seasonal increase in electricity prices. Prices also increased for utility (piped) gas service (1.6 percent) and motor fuel (0.9 percent).

Over the year, the energy index rose 3.9 percent. Price increases were registered for motor fuel (3.7 percent), electricity (3.4 percent), utility (piped) gas service (4.8 percent).

All items less food and energy

The index for all items less food and energy advanced 0.4 percent during the May and June pricing period. Shelter increased 0.9 percent and medical care rose 2.4 percent.

From June 2013 to June 2014, the index for all items less food and energy advanced 3.0 percent, reflecting higher prices for shelter (4.2 percent), medical care (4.6 percent), and education and communication (3.1 percent).

Table A. Atlanta metropolitan area CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month

2009 2010 2011 2012 2013 2014
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

1.1 -2.4 1.1 1.7 1.6 1.5 1.0 2.4 1.9 2.1 1.3 1.8

April

0.0 -3.5 0.7 2.4 1.7 2.5 1.1 1.8 0.1 1.1 0.8 2.5

June

2.2 -4.0 0.3 0.6 0.9 3.1 0.6 1.5 1.0 1.4 1.5 3.0

August

-0.1 -3.8 -0.1 0.6 0.6 3.8 0.6 1.5 0.7 1.5 - -

October

-1.1 -2.6 -0.8 0.9 -1.5 3.1 -1.2 1.8 -1.0 1.6 - -

December

-0.3 1.8 -0.2 1.0 -0.3 3.0 -0.9 1.2 -0.2 2.4 - -
____________

The August 2014 Consumer Price Index for Atlanta is scheduled to be released on Wednesday, September 17, 2014 at 8:30 a.m. (ET).


Technical Note

The Consumer Price Index for Atlanta is published bi-monthly. 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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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 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 the 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 www.bls.gov/opub/hom/homch17_a.htm.

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.

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,
Atlanta, GA (1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from -
Historical
data
Apr.
2014
May
2014
Jun.
2014
Jun.
2013
Apr.
2014
May
2014

All items

Jump to page with historical data
220.620   223.862 3.0 1.5  

All items (1967 = 100)

Jump to page with historical data
665.321   675.098      

Food and beverages

Jump to page with historical data
242.324   243.838 2.9 0.6  

Food

Jump to page with historical data
252.624   254.279 2.8 0.7  

Food at home

Jump to page with historical data
247.696 251.148 248.856 3.4 0.5 -0.9

Food away from home

Jump to page with historical data
260.859   263.364 2.0 1.0  

Alcoholic beverages

Jump to page with historical data
150.332   150.590 3.4 0.2  

Housing

Jump to page with historical data
208.489   215.087 3.4 3.2  

Shelter

Jump to page with historical data
221.699 222.462 223.795 4.2 0.9 0.6

Rent of primary residence (1)

Jump to page with historical data
221.399 222.037 223.294 4.5 0.9 0.6

Owners' equivalent rent of residences (1) (2)

Jump to page with historical data
217.717 218.290 219.483 4.1 0.8 0.5

Owners' equivalent rent of primary residence (1) (2)

Jump to page with historical data
217.717 218.290 219.483 4.1 0.8 0.5

Fuels and utilities

Jump to page with historical data
276.125   325.362 4.5 17.8  

Household energy

Jump to page with historical data
238.464 244.980 292.489 4.7 22.7 19.4

Energy services (1) (3)

Jump to page with historical data
236.780 243.346 291.349 4.6 23.0 19.7

Electricity (1)

Jump to page with historical data
203.628 209.642 269.191 3.4 32.2 28.4

Utility (piped) gas service (1)

Jump to page with historical data
278.069 284.601 282.388 4.8 1.6 -0.8

Household furnishings and operations

Jump to page with historical data
129.005   128.309 -2.4 -0.5  

Apparel

Jump to page with historical data
140.100   132.553 2.4 -5.4  

Transportation

Jump to page with historical data
218.318   218.618 2.6 0.1  

Private transportation

Jump to page with historical data
217.673   218.429 3.1 0.3  

Motor fuel

Jump to page with historical data
317.515 325.221 320.411 3.7 0.9 -1.5

Gasoline (all types)

Jump to page with historical data
315.291 323.026 318.221 3.4 0.9 -1.5

Gasoline, unleaded regular (4)

Jump to page with historical data
312.141 320.434 315.327 3.3 1.0 -1.6

Gasoline, unleaded midgrade (4) (5)

Jump to page with historical data
380.543 389.058 383.258 3.6 0.7 -1.5

Gasoline, unleaded premium (4)

Jump to page with historical data
315.847 321.385 318.213 3.5 0.7 -1.0

Medical care

Jump to page with historical data
385.933   395.157 4.6 2.4  

Recreation (6)

Jump to page with historical data
86.836   86.608 -0.2 -0.3  

Education and communication (6)

Jump to page with historical data
133.405   133.595 3.1 0.1  

Other goods and services

Jump to page with historical data
339.597   340.802 2.1 0.4  
 

COMMODITY AND SERVICE GROUP

 

Commodities

Jump to page with historical data
187.376   187.142 1.9 -0.1  

Commodities less food and beverages

Jump to page with historical data
160.099   159.264 1.1 -0.5  

Nondurables less food and beverages

Jump to page with historical data
205.949   204.776 2.2 -0.6  

Durables

Jump to page with historical data
114.460   113.950 0.3 -0.4  

Services

Jump to page with historical data
254.459   260.561 3.7 2.4  
 

SPECIAL AGGREGATE INDEXES

 

All items less shelter

Jump to page with historical data
225.642   229.545 2.5 1.7  

All items less medical care

Jump to page with historical data
211.418   214.380 2.9 1.4  

Commodities less food

Jump to page with historical data
159.403   158.608 1.2 -0.5  

Nondurables

Jump to page with historical data
222.677   222.639 2.5 0.0  

Nondurables less food

Jump to page with historical data
200.590   199.525 2.2 -0.5  

Services less rent of shelter (2)

Jump to page with historical data
308.353   320.625 3.2 4.0  

Services less medical care services

Jump to page with historical data
239.337   245.138 3.7 2.4  

Energy

Jump to page with historical data
254.021 260.508 279.201 3.9 9.9 7.2

All items less energy

Jump to page with historical data
216.784   217.673 3.0 0.4  

All items less food and energy

Jump to page with historical data
211.542   212.329 3.0 0.4  

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) Indexes on a December 1982=100 base.
(3) Prior to January 2011 this series was titled Gas (piped) and electricity.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) Indexes on a December 1997=100 base.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: July 23, 2014