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News Release Information

18-394-ATL
Tuesday, March 13, 2018

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

Consumer Price Index, South Region – February 2018

Prices in the South up 0.6 percent over the month and 2.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South increased 0.6 percent in February, the U.S. Bureau of Labor Statistics reported today. The index for all items less food and energy rose 0.6 percent over the pricing period. The energy index increased 1.7 percent in February, while the food index edged down 0.2 percent. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

The all items CPI-U was up 2.1 percent for the 12 months ending February. The index for all items less food and energy increased 1.8 percent over the past year, while the energy index advanced 7.3 percent and the food index rose 1.1 percent. (See chart 1.)

Food

The food index edged down 0.2 percent in February. The index for food at home declined 0.5 percent, led by a 1.6 percent decrease in the fruits and vegetables index. The index for food away from home edged up 0.3 percent over the month.

Over the last 12 months, the food index rose 1.1 percent, reflecting increases in the indexes for food away from home (2.2 percent) and food at home (0.2 percent).

Energy

The energy index increased 1.7 percent in February, fueled by a 2.2-percent increase in the motor fuel index. The indexes for electricity and utility (piped) gas service were also up, rising 0.9 and 2.4 percent, respectively.

From February 2017—February 2018, the energy index advanced 7.3 percent, led by a 12.6-percent increase in the motor fuel index. The electricity index rose 1.9 percent and the index for utility (piped) gas service increased 2.9 percent over the last year.

All items less food and energy

The all items less food and energy index rose 0.6 percent in February. The indexes for apparel and motor vehicle insurance advanced over the month, up 4.5 and 2.8 percent, respectively. The index for medical care services—up 0.8 percent—contributed to a 0.7 percent increase in the medical care index.

Since February 2017, the index for all items less food and energy advanced 1.8 percent. The shelter index contributed to the increase, up 3.1 percent over the past 12 months.

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month20142015201620172018
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.31.7-0.7-0.40.01.20.52.60.51.8

February

0.41.20.5-0.30.10.70.22.80.62.1

March

0.61.50.6-0.30.60.70.02.2

April

0.52.30.3-0.60.40.90.22.0

May

0.22.40.4-0.40.40.90.01.7

June

0.22.30.5-0.10.40.80.21.5

July

-0.12.0-0.1-0.1-0.20.7-0.21.6

August

-0.21.7-0.2-0.20.11.00.41.9

September

0.11.7-0.2-0.40.21.40.72.4

October

-0.31.60.0-0.10.11.5-0.22.0

November

-0.61.3-0.20.3-0.11.6-0.12.1

December

-0.60.6-0.40.50.12.0-0.11.8

The Consumer Price Index for March 2018 is scheduled to be released on Wednesday, April 11, 2018.


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 93 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 75 urban areas across the country from about 5,000 housing units and approximately 22,000 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 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.

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

IndexesPercent change from-
Dec.
2017
Jan.
2018
Feb.
2018
Feb.
2017
Dec.
2017
Jan.
2018

Expenditure category

All Items

238.512239.772241.1232.11.10.6

All items (December 1977=100)

386.900388.943391.135---

Food and beverages

248.924249.815249.4751.10.2-0.1

Food

250.183251.127250.7101.10.2-0.2

Food at home

237.328238.422237.1910.2-0.1-0.5

Cereal and bakery products

276.232279.047276.276-0.0-1.0

Meats, poultry, fish, and eggs

243.586241.320241.201--1.00.0

Dairy and related products

220.368219.988218.805--0.7-0.5

Fruits and vegetables

283.123289.347284.805-0.6-1.6

Nonalcoholic beverages and beverage materials

164.438166.650165.709-0.8-0.6

Other food at home

209.471209.633209.763-0.10.1

Food away from home

272.220272.970273.6852.20.50.3

Alcoholic beverages

230.971231.076231.8641.30.40.3

Housing

234.271235.071235.7462.80.60.3

Shelter

269.585270.413270.7593.10.40.1

Rent of primary residence(1)

281.130281.731282.0863.70.30.1

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

272.057272.487272.7133.10.20.1

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

272.048272.479272.7033.10.20.1

Fuels and utilities

235.016234.824236.8512.40.80.9

Household energy

189.637189.383191.4302.20.91.1

Energy services(1)

189.726189.240191.3402.00.91.1

Electricity(1)

186.756186.609188.3211.90.80.9

Utility (piped) gas service(1)

193.989191.208195.8042.90.92.4

Household furnishings and operations

119.787121.071121.9620.51.80.7

Apparel

128.781128.360134.0860.54.14.5

Transportation

203.612206.288208.8834.42.61.3

Private transportation

202.308205.340207.7484.82.71.2

New and used motor vehicles(3)

100.897101.344101.619-0.90.70.3

New vehicles

152.588153.484153.431-1.30.60.0

New cars and trucks(3)(4)

103.882104.496104.446-1.40.50.0

New cars(4)

151.448152.796152.819-1.90.90.0

Used cars and trucks

137.368137.686138.8080.11.00.8

Motor fuel

206.326214.278218.97612.66.12.2

Gasoline (all types)

205.114213.005217.67912.56.12.2

Unleaded regular(4)

199.823207.758212.43112.66.32.2

Unleaded midgrade(4)(5)

228.878236.213240.79712.25.21.9

Unleaded premium(4)

227.681234.324238.48611.44.71.8

Motor vehicle insurance(6)

903.749919.295944.961-4.62.8

Medical care

456.631461.691464.9051.51.80.7

Medical care commodities

369.725369.046369.8170.30.00.2

Medical care services

485.668492.724496.7831.72.30.8

Professional services

358.408357.919362.951-1.51.31.4

Recreation(3)

116.768116.802118.0110.31.11.0

Education and communication(3)

132.795132.601132.438-2.4-0.3-0.1

Tuition, other school fees, and child care(6)

1,305.6301,301.2061,303.153--0.20.1

Other goods and services

422.957425.261424.4951.80.4-0.2

Commodity and service group

All Items

238.512239.772241.1232.11.10.6

Commodities

180.850182.220183.3751.31.40.6

Commodities less food and beverages

148.744150.214151.8311.42.11.1

Nondurables less food and beverages

194.085196.795200.1233.83.11.7

Nondurables less food, beverages, and apparel

234.263238.680240.8804.82.80.9

Durables

106.710107.269107.666-1.50.90.4

Services

296.436297.560299.1002.60.90.5

Rent of shelter(2)

276.796277.642278.0053.20.40.1

Transportation services

347.940350.383357.1515.62.61.9

Other services

338.649338.585339.548-0.10.30.3

Special aggregate indexes

All items less medical care

226.605227.671228.9242.21.00.6

All items less food

236.480237.785239.3972.31.20.7

All items less shelter

227.358228.784230.5191.71.40.8

Commodities less food

151.259152.706154.3131.42.01.1

Nondurables

220.076221.959223.6122.41.60.7

Nondurables less food

195.950198.525201.7213.72.91.6

Nondurables less food and apparel

232.872236.934239.0134.62.60.9

Services less rent of shelter(2)

330.365331.864334.8842.01.40.9

Services less medical care services

279.309279.967281.3002.70.70.5

Energy

193.046196.789200.0747.33.61.7

All items less energy

244.387245.370246.5061.70.90.5

All items less food and energy

243.786244.776246.1771.81.00.6

Commodities less food and energy commodities

144.896145.423146.619-0.71.20.8

Energy commodities

210.116218.279222.96312.66.12.1

Services less energy services

307.695308.995310.4712.70.90.5

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) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) Indexes on a December 1977=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: Tuesday, March 13, 2018