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Tuesday, March 12, 2024
The Consumer Price Index for All Urban Consumers (CPI-U) for Atlanta-Sandy Springs-Roswell rose 1.3 percent from December to February, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Victoria G. Lee noted that the shelter index continued to rise from December to February and was a major contributor to the bi-monthly all items increase. (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 3.3 percent for the 12 months ending in February. (See chart 1 and table A.) The index for all items less food and energy rose 3.2 percent over the past year. The food index and the energy index also increased over the last 12 months, up 3.9 percent and 3.6 percent, respectively. (See table 1.)
The food index was unchanged from December to February. A 1.1 percent increase in the food away from home index over the bi-monthly period was offset by a 0.7 percent decrease in the food at home index. Two of the six major grocery store food group indexes increased over the two-month period: other food at home (+1.0 percent) and nonalcoholic beverages and beverage materials (+0.6 percent). The indexes for meats, poultry, fish, and eggs (-2.0 percent) and dairy and related products (-4.4 percent) were among the food group indexes to decline from December to February.
The food index advanced 3.9 percent for the 12 months ending in February, led by a 5.9-percent increase in the food away from home index. The food at home index also increased over the past year, up 2.6 percent. Four of the six major grocery store food group indexes increased over the last 12 months, including the indexes for other food at home (+4.9 percent) and meats, poultry, fish, and eggs (+4.2 percent). In contrast, the index for dairy and related products declined 4.4 percent over the past year and the index for cereals and bakery products declined 2.0 percent over the last 12 months.
EnergyThe energy index rose 2.9 percent from December to February, reflecting increases in the natural gas (+10.3 percent), electricity (+2.2 percent), and gasoline (+1.7 percent) indexes.
The energy index advanced 3.6 percent for the 12 months ending in February, led by a 14.0-percent increase in the electricity index. The natural gas index also increased over the past year. In contrast, the index for gasoline declined 4.0 percent over the last 12 months.
All items less food and energyThe index for all items less food and energy rose 1.3 percent from December to February, led by a 1.6-percent increase in the shelter index. Within shelter, owners’ equivalent rent increased 1.2 percent and rent of primary residence increased 1.1 percent over the bi-monthly period. The index for apparel (+7.9 percent) was also among the indexes to increase from December to February.
The index for all items less food and energy advanced 3.2 percent for the 12 months ending in February. Shelter (+6.1 percent) was the largest contributor as owners’ equivalent (+6.4 percent) and rent of primary residence (+6.5 percent) continued to increase over the past year.
Month | 2020 | 2021 | 2022 | 2023 | 2024 | |||||
---|---|---|---|---|---|---|---|---|---|---|
2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | |
February | 0.8 | 2.9 | 1.6 | 2.4 | 2.3 | 10.6 | 1.5 | 7.2 | 1.3 | 3.3 |
April | -1.8 | -0.3 | 1.6 | 6.0 | 1.9 | 10.8 | 0.5 | 5.8 | ||
June | 1.1 | 0.9 | 1.8 | 6.7 | 2.4 | 11.5 | 1.2 | 4.6 | ||
August | 1.2 | 0.7 | 1.1 | 6.6 | 1.3 | 11.7 | 1.1 | 4.4 | ||
October | 0.3 | 1.2 | 1.5 | 7.9 | 0.5 | 10.7 | -0.6 | 3.2 | ||
December | 0.1 | 1.6 | 1.9 | 9.8 | -0.5 | 8.1 | -0.1 | 3.6 |
The Atlanta-Sandy Springs-Roswell Consumer Price Index for April 2024 is scheduled to be released on Wednesday, May 15, 2024, at 8:30 a.m. (ET).
The Consumer Price Index for Atlanta is published bi-monthly. 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, 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 Atlanta-Sandy Springs-Roswell, GA Core Based Statistical Area is comprised of Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Morgan, Newton, Paulding, Pickens, Pike, Rockdale, Spalding, and Walton Counties in Georgia.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.
Item and Group | Indexes | Percent change from- | ||||
---|---|---|---|---|---|---|
Dec. 2023 | Jan. 2024 | Feb. 2024 | Feb. 2023 | Dec. 2023 | Jan. 2024 | |
Expenditure category | ||||||
All Items | 305.978 | - | 309.912 | 3.3 | 1.3 | - |
All items (1967=100) | 922.737 | - | 934.599 | - | - | - |
Food and beverages | 321.379 | - | 321.557 | 3.7 | 0.1 | - |
Food | 339.289 | - | 339.361 | 3.9 | 0.0 | - |
Food at home | 308.096 | 306.538 | 305.832 | 2.6 | -0.7 | -0.2 |
Cereals and bakery products | 260.456 | 261.562 | 257.053 | -2.0 | -1.3 | -1.7 |
Meats, poultry, fish, and eggs | 362.110 | 357.014 | 354.777 | 4.2 | -2.0 | -0.6 |
Dairy and related products | 269.679 | 267.567 | 257.863 | -4.4 | -4.4 | -3.6 |
Fruits and vegetables | 341.029 | 341.426 | 339.921 | 3.5 | -0.3 | -0.4 |
Nonalcoholic beverages and beverage materials(1) | 334.377 | 341.708 | 336.484 | 3.2 | 0.6 | -1.5 |
Other food at home | 266.215 | 262.407 | 268.978 | 4.9 | 1.0 | 2.5 |
Food away from home | 392.601 | - | 397.113 | 5.9 | 1.1 | - |
Alcoholic beverages | 165.994 | - | 167.452 | 0.5 | 0.9 | - |
Housing | 330.023 | - | 335.371 | 5.6 | 1.6 | - |
Shelter | 374.496 | 377.454 | 380.304 | 6.1 | 1.6 | 0.8 |
Rent of primary residence | 401.148 | 403.970 | 405.636 | 6.5 | 1.1 | 0.4 |
Owners' equiv. rent of residences(2) | 370.276 | 372.956 | 374.587 | 6.4 | 1.2 | 0.4 |
Owners' equiv. rent of primary residence(2) | 370.276 | 372.956 | 374.587 | 6.4 | 1.2 | 0.4 |
Fuels and utilities | 370.985 | - | 382.212 | 9.8 | 3.0 | - |
Household energy | 312.276 | 321.169 | 325.246 | 11.6 | 4.2 | 1.3 |
Energy Services | 310.742 | 319.903 | 324.176 | 12.0 | 4.3 | 1.3 |
Electricity | 254.466 | 257.887 | 260.041 | 14.0 | 2.2 | 0.8 |
Utility (piped) gas service | 409.284 | 439.641 | 451.290 | - | 10.3 | 2.6 |
Household furnishings and operations | 145.606 | - | 146.484 | -2.4 | 0.6 | - |
Apparel | 151.983 | - | 164.024 | -0.4 | 7.9 | - |
Transportation | 271.262 | - | 277.583 | 1.3 | 2.3 | - |
Private transportation | 274.197 | - | 279.961 | 1.9 | 2.1 | - |
New and used motor vehicles(3) | 136.703 | - | 136.712 | 0.2 | 0.0 | - |
New vehicles(1) | 304.024 | - | 304.287 | -0.1 | 0.1 | - |
Used cars and trucks(1) | 275.517 | - | 265.964 | -2.5 | -3.5 | - |
Motor fuel | 271.028 | 264.665 | 275.471 | -4.2 | 1.6 | 4.1 |
Gasoline (all types) | 268.749 | 262.406 | 273.248 | -4.0 | 1.7 | 4.1 |
Unleaded regular(4) | 261.897 | 255.391 | 266.430 | -4.4 | 1.7 | 4.3 |
347.582 | 340.421 | 352.279 | -2.0 | 1.4 | 3.5 | |
Unleaded premium(4) | 302.273 | 297.394 | 306.362 | -0.9 | 1.4 | 3.0 |
Medical Care | - | - | - | - | - | - |
Recreation(3) | 99.954 | - | 100.607 | 0.8 | 0.7 | - |
Education and communication(3) | 141.112 | - | 142.058 | 1.9 | 0.7 | - |
Tuition, other school fees, and child care(1) | 1,540.963 | - | 1,552.781 | 4.2 | 0.8 | - |
Other goods and services | 496.076 | - | 505.360 | 6.8 | 1.9 | - |
Commodity and service group | ||||||
All Items | 305.978 | - | 309.912 | 3.3 | 1.3 | - |
Commodities | 219.553 | - | 221.800 | 0.6 | 1.0 | - |
Commodities less food & beverages | 173.238 | - | 176.098 | -1.4 | 1.7 | - |
Nondurables less food & beverages | 220.072 | - | 225.933 | -0.4 | 2.7 | - |
Durables | 128.817 | - | 129.248 | -2.7 | 0.3 | - |
Services | 387.847 | - | 393.378 | 5.0 | 1.4 | - |
Special aggregate indexes | ||||||
All items less medical care | 294.128 | - | 299.024 | 4.0 | 1.7 | - |
All items less shelter | 282.314 | - | 285.480 | 1.8 | 1.1 | - |
Commodities less food | 172.610 | - | 175.426 | -1.3 | 1.6 | - |
Nondurables | 265.502 | - | 268.875 | 2.1 | 1.3 | - |
Nondurables less food | 214.492 | - | 220.037 | -0.3 | 2.6 | - |
Services less rent of shelter(2) | 415.055 | - | 420.156 | 3.4 | 1.2 | - |
Services less medical care services | 372.471 | - | 379.568 | 5.9 | 1.9 | - |
Energy | 266.570 | 267.511 | 274.424 | 3.6 | 2.9 | 2.6 |
All items less energy | 309.609 | - | 313.193 | 3.3 | 1.2 | - |
All items less food and energy | 305.180 | - | 309.286 | 3.2 | 1.3 | - |
Footnotes | ||||||
- Data not available. |
Last Modified Date: Tuesday, March 12, 2024