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News Release Information

21-1045-ATL
Thursday, June 10, 2021

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

Consumer Price Index, Tampa-St. Petersburg-Clearwater – May 2021

Area prices up 6.2 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater rose 1.0 percent from March to May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the index for all items less food and energy also increased 1.0 percent over the bi-monthly period. The food index and the energy index also increased from March to May, up 1.6 percent and 0.7 percent, respectively. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U advanced 6.2 percent for the 12 months ending in May. The index for all items less food and energy increased 5.2 percent over the past 12 months, while the energy index jumped 33.1 percent. The food index rose 1.8 percent over the past year. (See table 1.)

Food

The food index rose 1.6 percent from March to May, reflecting a 3.2-percent increase in the food at home index. The food away from home index edged down 0.3 percent over the bi-monthly period.

The food index increased 1.8 percent for the 12 months ending in May. The food at home and the food away from home indexes each increased over the year, up 2.4 percent and 1.1 percent, respectively.  

Energy

The energy index increased 0.7 percent from March to May, reflecting increases in the gasoline (1.0 percent) and electricity (0.3 percent) indexes. The utility (piped) gas service index was unchanged over the bi-monthly period.

The energy index jumped 33.1 percent for the 12 months ending in May, primarily due to a 56.9-percent spike in the gasoline index. The electricity index advanced 15.4 percent over the past 12 months, while the utility (piped) gas service index declined 5.2 percent over the past year.  

All items less food and energy

The index for all items less food and energy rose 1.0 percent from March to May, led by increases in the shelter (1.4 percent) and the used cars and trucks (16.6 percent) indexes. In contrast, the household furnishings and operations index declined 3.6 percent over the bi-monthly period, while the medical care index edged down 0.4 percent from March.   

The index for all items less food and energy advanced 5.2 percent for the 12 months ending in May, led by a 5.2-percent increase in the shelter index. The medical care index rose sharply over the past 12 months, up 6.6 percent, while the used cars and trucks index jumped 28.0 percent over the past year.

Table A. Tampa-St. Petersburg-Clearwater, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month201920202021
2-month12-month2-month12-month2-month12-month

January

-1.10.40.73.80.93.4

March

1.91.70.22.11.64.9

May

0.92.2-0.30.91.06.2

July

0.12.11.01.8

September

-0.11.51.43.3

November

0.22.00.13.2

The Consumer Price Index for June 2021 is scheduled to be released on Tuesday, July 13, 2021 at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on May 2021 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in May was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


Technical Note

The Consumer Price Index (CPI) is a measures 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 U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 6,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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, FL, Core Based Statistical Area includes Hernando, Hillsborough, Pasco, and Pinellas Counties.

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,
Tampa-St. Petersburg-Clearwater, FL (1987=100 unless otherwise noted) (not seasonally adjusted)
Item and Group

IndexesPercent change from-
Mar.
2021
Apr.
2021
May
2021
May
2020
Mar.
2021
Apr.
2021

Expenditure category

All Items

242.910-245.4196.21.0-

Food and beverages

251.282-254.7981.91.4-

Food

251.551-255.6381.81.6-

Food at home

258.276264.367266.4642.43.20.8

Cereals and bakery products

276.360-279.4903.81.1-

Meats, poultry, fish, and eggs

249.616-263.282-0.35.5-

Dairy and related products

253.206-258.6516.42.2-

Fruits and vegetables

365.757-385.4218.55.4-

Nonalcoholic beverages and beverage materials

195.870-204.525-0.34.4-

Other food at home

203.639-203.2030.2-0.2-

Food away from home

242.404-241.6151.1-0.3-

Alcoholic beverages

231.611-228.6393.1-1.3-

Housing

249.333-251.4665.50.9-

Shelter

287.198288.098291.2795.21.41.1

Rent of primary residence

291.830294.199296.6654.91.70.8

Owners' equiv. rent of residences

302.408302.432306.2784.91.31.3

Owners' equiv. rent of primary residence

302.408302.432306.2784.91.31.3

Fuels and utilities

213.831-214.36711.50.3-

Household energy

165.060165.493165.63414.70.30.1

Energy Services

162.855163.286163.28614.70.30.0

Electricity

160.398160.835160.83515.40.30.0

Utility (piped) gas service

219.822219.822219.833-5.20.00.0

Household furnishings and operations

133.955-129.1251.9-3.6-

Apparel

126.767-126.5435.5-0.2-

Transportation

215.381-220.89517.92.6-

Private transportation

222.500-227.29018.62.2-

New and used motor vehicles(1)

114.810-119.6779.34.2-

New vehicles

129.510-128.8342.3-0.5-

Used cars and trucks

145.869-170.02428.016.6-

Motor fuel

298.562292.399301.66556.01.03.2

Gasoline (all types)

292.315286.147295.16356.91.03.2

Unleaded regular(2)

282.676275.623284.92858.80.83.4

Unleaded midgrade(2)(3)

298.315294.704300.39854.50.71.9

Unleaded premium(2)

326.760328.722334.38944.02.31.7

Motor vehicle insurance

614.846-614.84625.20.0-

Medical Care

437.976-436.1706.6-0.4-

Recreation(1)

123.923-125.061-0.20.9-

Education and communication(1)

135.279-135.0423.4-0.2-

Tuition, other school fees, and child care

644.253-644.2532.10.0-

Other goods and services

305.474-312.1773.72.2-

Commodity and service group

All Items

242.910-245.4196.21.0-

Commodities

183.449-185.8417.11.3-

Commodities less food & beverages

149.338-151.18111.31.2-

Nondurables less food & beverages

209.849-210.44416.30.3-

Durables

96.224-98.3556.82.2-

Services

295.773-298.4245.80.9-

Special aggregate indexes

All items less medical care

232.472-235.1796.21.2-

All items less shelter

224.480-226.2566.90.8-

Commodities less food

153.219-154.90110.91.1-

Nondurables

231.207-233.3897.30.9-

Nondurables less food

211.637-211.90114.80.1-

Services less rent of shelter

301.002-301.5366.50.2-

Services less medical care services

279.933-283.0195.51.1-

Energy

216.819214.762218.35333.10.71.7

All items less energy

244.800-247.3854.71.1-

All items less food and energy

243.967-246.3165.21.0-

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

- Data not available.

 

Last Modified Date: Thursday, June 10, 2021