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News Release Information

22-654-ATL
Tuesday, April 12, 2022

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

Consumer Price Index, Tampa-St. Petersburg-Clearwater — March 2022

Area prices up 10.2 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater rose 2.1 percent from January to March, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the energy index rose sharply over the bi-monthly period, up 14.6 percent. The all items less food and energy index increased 1.0 percent from January to March, while the food index rose 2.4 percent over the bi-monthly period. (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 10.2 percent for the 12 months ending in March. The index for all items less food and energy increased 8.8 percent over the past year. The energy and the food indexes also increased over the last 12 months, up 31.1 percent and 8.2 percent, respectively. (See chart 1 and table 1.)


Food

The food index rose 2.4 percent from January to March, led by a 3.7-percent increase in the food at home index. The food away from home index also increased over the bi-monthly period, up 0.8 percent.

The food index advanced 8.2 percent for the 12 months ending in March, reflecting increases in the food at home (+10.7 percent) and food away from home (+4.9 percent) indexes.

Energy

The energy index rose 14.6 percent from January to March, reflecting a 26.9-percent spike in the gasoline index. The utility (piped) gas service index increased 6.5 percent over the bi-monthly period, while the energy index declined 0.9 percent.   

The energy index increased 31.1 percent for the 12 months ending in March, primarily due to a 46.0-percent increase in the gasoline index. The electricity index increased 13.2 percent over the past year and the utility (piped) gas service index rose 9.1 percent.

All items less food and energy

The index for all items less food and energy rose 1.0 percent from January to March. Shelter (+1.7 percent) was among the indexes to contribute to the overall increase.

The index for all items less food and energy advanced 8.8 percent for the 12 months ending in March, reflecting increases across many indexes, including shelter (+10.4 percent). The new and used motor vehicles index rose 17.6 percent over the past year, led by a 35.1-percent increase in the used cars and trucks index. The new vehicles index rose 9.7 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
Month20182019202020212022
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

January

0.8-1.10.40.73.80.93.42.49.6

March

0.61.91.70.22.11.64.92.110.2

May

0.40.92.2-0.30.91.06.2

July

0.30.12.11.01.81.46.6

September

0.6-0.11.51.43.31.06.1

November

-0.32.30.22.00.13.21.88.0

The Consumer Price Index for April 2022 is scheduled to be released on Wednesday, May 11, 2022, at 8:30 a.m. (ET).


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 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-
Jan.
2022
Feb.
2022
Mar.
2022
Mar.
2021
Jan.
2022
Feb.
2022

Expenditure category

All Items

262.052-267.59010.22.1-

Food and beverages

263.847-270.4587.62.5-

Food

265.678-272.1418.22.4-

Food at home

275.891277.965286.03910.73.72.9

Cereals and bakery products

280.671-291.6805.53.9-

Meats, poultry, fish, and eggs

297.540-310.99924.64.5-

Dairy and related products

254.218-259.2952.42.0-

Fruits and vegetables

358.015-382.4384.66.8-

Nonalcoholic beverages and beverage materials

204.115-208.1076.22.0-

Other food at home

215.428-220.2548.22.2-

Food away from home

252.312-254.3234.90.8-

Alcoholic beverages

225.831-233.7450.93.5-

Housing

271.028-274.52710.11.3-

Shelter

311.759315.723317.20710.41.70.5

Rent of primary residence

319.993326.595328.13312.42.50.5

Owners' equiv. rent of residences

328.400331.105331.8189.71.00.2

Owners' equiv. rent of primary residence

328.400331.105331.8189.71.00.2

Fuels and utilities

238.542-238.10611.4-0.2-

Household energy

188.088188.332187.61713.7-0.3-0.4

Energy Services

185.396185.396184.10813.1-0.7-0.7

Electricity

183.192183.192181.50913.2-0.9-0.9

Utility (piped) gas service

225.311225.311239.8449.16.56.5

Household furnishings and operations

142.349-141.2645.5-0.8-

Apparel

141.660-142.12412.10.3-

Transportation

245.057-260.11520.86.1-

Private transportation

255.484-269.61921.25.5-

New and used motor vehicles(1)

135.312-135.01017.6-0.2-

New vehicles

142.415-142.1049.7-0.2-

Used cars and trucks

199.214-197.04935.1-1.1-

Motor fuel

343.790370.591436.82246.327.117.9

Gasoline (all types)

336.133362.358426.64246.026.917.7

Unleaded regular(2)

325.061351.211414.52046.627.518.0

Unleaded midgrade(2)(3)

340.665363.184422.32741.624.016.3

Unleaded premium(2)

375.911398.064459.79740.722.315.5

Medical Care

458.708-459.1184.80.1-

Recreation(1)

128.945-129.2984.30.3-

Education and communication(1)

135.892-136.7781.10.7-

Tuition, other school fees, and child care

651.989-656.2741.90.7-

Other goods and services

326.703-326.8947.00.1-

Commodity and service group

All Items

262.052-267.59010.22.1-

Commodities

200.241-207.00812.83.4-

Commodities less food & beverages

167.547-174.16816.64.0-

Nondurables less food & beverages

231.077-252.47920.39.3-

Durables

110.027-108.98213.3-0.9-

Services

317.069-321.4108.71.4-

Special aggregate indexes

All items less medical care

251.451-257.25610.72.3-

All items less shelter

241.070-246.6379.92.3-

Commodities less food

170.715-177.42915.83.9-

Nondurables

247.603-260.88712.85.4-

Nondurables less food

230.399-250.62018.48.8-

Services less rent of shelter

316.817-319.6676.20.9-

Services less medical care services

301.876-305.9749.31.4-

Energy

248.129258.765284.25531.114.69.9

All items less energy

262.951-266.0808.71.2-

All items less food and energy

262.766-265.3328.81.0-

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: Tuesday, April 12, 2022