Wednesday, October 22, 2014
The Consumer Price Index for All Urban Consumers (CPI-U) for the South inched up 0.1 percent in September, the U.S. Bureau of Labor Statistics reported today. The all items less food and energy index edged up 0.2 percent over the month, as increases for apparel, shelter, and education and communication were largely offset by price decreases for used cars and trucks, and medical care. The food index rose 0.3 percent over the month, while the energy index declined 1.4 percent. (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 1.7 percent. The index for all items less food and energy rose 1.8 percent over the year. (See chart 1.)
The food index rose 0.3 percent in September. Prices for food at home and food away from home increased 0.4 and 0.2 percent, respectively.
Since September 2013, the food index advanced 2.7 percent, reflecting higher prices for both food at home (2.9 percent) and food away from home (2.5 percent).
The energy index declined 1.4 percent over the month, led by a 2.2-percent drop in motor fuel prices. Prices for electricity edged down 0.2 percent and utility (piped) gas service prices decreased 0.7 percent.
Over the year, energy prices decreased 0.3 percent, as a 3.4-percent decrease in motor fuel prices was largely offset by price increases for electricity (4.0 percent) and utility (piped) gas service (3.6 percent).
The all items less food and energy index edged up 0.2 percent in September, mainly reflecting a seasonal increase in apparel prices (4.3 percent). Price increases were also noted for shelter and education and communication, up 0.2 percent each. These advances were largely offset by a 1.3-percent decrease in prices for used cars and trucks and a 0.1-percent decline in prices for medical care.
Since September 2013, the all items less food and energy index advanced 1.8 percent, led by price increases for shelter (3.4 percent).
The October 2014 Consumer Price Index for the South region is scheduled to be released on Thursday, November 20, 2014 at 8:30 a.m. (ET).
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 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 February 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.
|Item and Group||Indexes||Percent change from-|
All items (December 1977=100)
Food and beverages
Food at home
Food away from home
Rent of primary residence (1)
Fuels and utilities
Energy services (1)
Utility (piped) gas service (1)
Household furnishings and operations
New and used motor vehicles (3)
New cars (4)
Used cars and trucks
Gasoline (all types)
Unleaded regular (4)
Unleaded premium (4)
Medical care commodities
Medical care services
Education and communication (3)
Other goods and services
Commodity and service group
Commodities less food and beverages
Nondurables less food and beverages
Nondurables less food, beverages, and apparel
Rent of shelter (2)
Special aggregate indexes
All items less medical care
All items less food
All items less shelter
Commodities less food
Nondurables less food
Nondurables less food and apparel
Services less rent of shelter (2)
Services less medical care services
All items less energy
All items less food and energy
Commodities less food and energy commodities
Services less energy services
- Data not available.
Last Modified Date: Wednesday, October 22, 2014