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News Release Information

17-1009-ATL
Friday, July 14, 2017

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Technical information:
Media contact:
  • (404) 893-4220

Consumer Price Index for Tampa-St. Petersburg-Clearwater – First Half 2017

Local prices up 2.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Tampa-St. Petersburg-Clearwater area rose 2.8 percent from the first half of 2016 to the first half of 2017, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the all items less food and energy index advanced 3.2 percent and the energy index rose 6.5 percent over-the-year. The food index declined 0.5 percent since the first half of 2016. (See chart 1.)

Food

Food prices declined 0.5 percent since the first half of 2016, reflecting price decreases for both food at home (-0.6 percent) and for food away from home (-0.4 percent).

Energy

The energy index rose 6.5 percent from the first half of 2016 to the first half of 2017, led by a 13.0-percent increase in motor fuel prices. Over the year, electricity prices were up 0.6 percent, while prices for utility (piped) gas service were down 5.9 percent.

All items less food and energy

The index for all items less food and energy increased 3.2 percent since the first half of 2016. Components contributing to the increase included shelter (5.3 percent) and medical care (9.6 percent).

The Consumer Price Index for July 2017 is scheduled to be released on Friday, August 11, 2017.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). This index will change to a bimonthly publication schedule beginning in January, 2018. The first indexes using the new structure will be published in February 2018. Additional information on the geographic revision is available at: www.bls.gov/cpi/additional-resources/geographic-revision-2018.htm.


Technical Note

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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 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 6,000 housing units and approximately 24,000 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.

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/pdf/homch17.pdf.

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.

The Tampa-St. Petersburg-Clearwater, Fla. metropolitan statistical area covered in this release is comprised of Hernando, Hillsborough, Pasco, and Pinellas Counties in Florida.

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 for semiannual averages and percent changes for selected periods
Tampa-St. Petersburg-Clearwater, FL (1987=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to 1st half 2017 from—
1st half
2016
2nd half
2016
1st half
2017
1st half
2016
2nd half
2016

Expenditure category

 
 

All Items

212.502215.572218.5292.81.4

Food and beverages

220.124218.520218.801-0.60.1

Food

220.247218.701219.101-0.50.2

Food at home

224.327221.633223.026-0.60.6

Food away from home

214.118214.258213.200-0.4-0.5

Alcoholic beverages

204.516202.079200.435-2.0-0.8

Housing

205.341209.174214.3644.42.5

Shelter

230.983236.797243.3145.32.8

Rent of primary residence(1)

231.791240.583246.9186.52.6

Owners' equiv. rent of residences(1)

242.531249.076256.6415.83.0

Owners' equiv. rent of primary residence(1)

242.531249.076256.6415.83.0

Fuels and utilities

205.459205.253206.4920.50.6

Household energy

163.804163.559164.6060.50.6

Energy services(1)

161.716161.356162.2410.30.5

Electricity(1)

158.485158.557159.4910.60.6

Utility (piped) gas service(1)

253.075238.949238.235-5.9-0.3

Household furnishings and operations

113.654112.303114.8231.02.2

Apparel

167.709163.256159.283-5.0-2.4

Transportation

183.226185.371191.5204.53.3

Private transportation

186.345189.100195.5534.93.4

Motor fuel

220.075232.185248.70813.07.1

Gasoline (all types)

216.235227.879244.50913.17.3

Unleaded regular(2)

209.456220.766237.06713.27.4

Unleaded midgrade(2)(3)

197.627212.346226.08214.46.5

Unleaded premium(2)

233.336250.500267.33914.66.7

Medical Care

373.163-409.0869.6-

Recreation(4)

124.807122.998122.932-1.5-0.1

Education and communication(4)

142.030142.254139.357-1.9-2.0

Other goods and services

293.524294.320292.864-0.2-0.5
 

Commodity and service group

 
 

All Items

212.502215.572218.5292.81.4

Commodities

171.519170.376170.770-0.40.2

Commodities less food & beverages

145.893144.989145.434-0.30.3

Nondurables less food & beverages

209.373209.102208.092-0.6-0.5

Durables

91.87490.68691.9580.11.4

Services

248.841255.699260.9594.92.1
 

Special aggregate indexes

 
 

All items less medical care

203.891205.431208.4812.31.5

All items less shelter

205.409207.261208.6321.60.7

Commodities less food

149.068148.111148.501-0.40.3

Nondurables

214.382213.386213.083-0.6-0.1

Nondurables less food

209.126208.712207.659-0.7-0.5

Services less rent of shelter

267.538275.580278.9784.31.2

Services less medical care services

237.400241.521246.1293.71.9

Energy

185.072189.853197.1816.53.9

All items less energy

214.506217.436220.0412.61.2

All items less food and energy

213.692217.478220.5063.21.4

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) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.
(4) Indexes on a December 1997=100 base.
 

NOTE: Data not seasonally adjusted.
 

 

Last Modified Date: Friday, July 14, 2017