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Friday, August 11, 2017

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Consumer Price Index, South Region – July 2017

Prices in the South down 0.2 percent over the month; up 1.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged down 0.2 percent in July, the U.S. Bureau of Labor Statistics reported today. The all items less food and energy index decreased 0.2 percent over the month and the energy index declined 0.9 percent. The food index inched up 0.1 percent in July. (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 advanced 1.6 percent since July 2016. The all items less food and energy index increased 1.5 percent over the last 12 months and the energy index advanced 3.1 percent. The food index rose 1.0 percent over the year. (See chart 1.)

Food

The food index inched up 0.1 percent in July. Prices for food at home edged up 0.2 percent over the month, and those for food away from home inched up 0.1 percent.

The food index rose 1.0 percent since July 2016, led by a 2.1 percent increase in prices for food away from home. Food at home prices edged up 0.2 percent over the year.

Energy

The energy index decreased 0.9 percent in July, reflecting a 2.8 percent decline in motor fuel prices. Prices for electricity and for utility (piped) gas service increased over-the-month, up 0.8 and 0.4 percent, respectively.

From July 2016—July 2017, energy prices advanced 3.1 percent as price increases were recorded for electricity (2.6 percent), motor fuel (2.4 percent), and utility (piped) gas service (11.6 percent).

All items less food and energy

The all items less food and energy index edged down 0.2 percent in July. A seasonal decline in the apparel index (-3.0 percent) was partially offset by an increase in the shelter index (0.1 percent).

Since July 2016, the all items less food and energy index advanced 1.5 percent—led by increases in shelter (2.9 percent) and medical care (3.6 percent). In contrast, the education and communication index declined over-the-year, down 4.0 percent.

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2013 2014 2015 2016 2017
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 1.6 0.3 1.7 -0.7 -0.4 0.0 1.2 0.5 2.6

February

0.9 1.8 0.4 1.2 0.5 -0.3 0.1 0.7 0.2 2.8

March

0.3 1.5 0.6 1.5 0.6 -0.3 0.6 0.7 0.0 2.2

April

-0.2 0.9 0.5 2.3 0.3 -0.6 0.4 0.9 0.2 2.0

May

0.0 1.3 0.2 2.4 0.4 -0.4 0.4 0.9 0.0 1.7

June

0.4 1.9 0.2 2.3 0.5 -0.1 0.4 0.8 0.2 1.5

July

0.2 2.2 -0.1 2.0 -0.1 -0.1 -0.2 0.7 -0.2 1.6

August

0.1 1.7 -0.2 1.7 -0.2 -0.2 0.1 1.0    

September

0.0 1.3 0.1 1.7 -0.2 -0.4 0.2 1.4    

October

-0.2 1.3 -0.3 1.6 0.0 -0.1 0.1 1.5    

November

-0.3 1.5 -0.6 1.3 -0.2 0.3 -0.1 1.6    

December

0.1 1.8 -0.6 0.6 -0.4 0.5 0.1 2.0    

The Consumer Price Index for August 2017 is scheduled to be released on Thursday, September 14, 2017.


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 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

 
Indexes
 
Percent change from-
May
2017
Jun.
2017
Jul.
2017
Jul.
2016
May
2017
Jun.
2017

Expenditure category

 
 

All Items

236.774 237.346 236.942 1.6 0.1 -0.2

All items (December 1977=100)

384.080 385.008 384.353 - - -

Food and beverages

247.668 247.572 247.957 1.0 0.1 0.2

Food

248.979 248.914 249.284 1.0 0.1 0.1

Food at home

237.274 236.834 237.276 0.2 0.0 0.2

Food away from home

269.289 269.782 270.049 2.1 0.3 0.1

Alcoholic beverages

228.905 228.330 228.953 0.5 0.0 0.3

Housing

230.654 232.397 232.663 2.6 0.9 0.1

Shelter

264.371 265.464 265.614 2.9 0.5 0.1

Rent of primary residence(1)

274.189 275.135 275.889 3.6 0.6 0.3

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

265.809 266.815 267.496 3.0 0.6 0.3

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

265.802 266.809 267.492 3.0 0.6 0.3

Fuels and utilities

232.475 240.686 242.147 3.5 4.2 0.6

Household energy

188.267 196.919 198.368 3.7 5.4 0.7

Energy services(1)

188.610 197.484 198.949 3.6 5.5 0.7

Electricity(1)

185.436 195.729 197.266 2.6 6.4 0.8

Utility (piped) gas service(1)

194.346 192.919 193.776 11.6 -0.3 0.4

Household furnishings and operations

121.058 120.720 120.582 -0.8 -0.4 -0.1

Apparel

135.390 134.145 130.081 -2.0 -3.9 -3.0

Transportation

202.445 201.440 199.866 1.9 -1.3 -0.8

Private transportation

200.230 199.315 197.997 2.1 -1.1 -0.7

New and used motor vehicles(3)

102.733 102.378 102.191 -1.0 -0.5 -0.2

New vehicles

154.601 154.076 153.000 0.3 -1.0 -0.7

New cars and trucks(3)(4)

105.268 104.905 104.169 0.3 -1.0 -0.7

New cars(4)

154.023 153.381 152.022 -0.4 -1.3 -0.9

Used cars and trucks

141.631 140.826 140.432 -3.7 -0.8 -0.3

Motor fuel

199.909 195.365 189.822 2.4 -5.0 -2.8

Gasoline (all types)

198.966 194.418 188.882 2.3 -5.1 -2.8

Unleaded regular(4)

193.893 189.241 183.654 2.1 -5.3 -3.0

Unleaded midgrade(4)(5)

221.109 216.813 212.417 3.7 -3.9 -2.0

Unleaded premium(4)

220.350 217.256 212.531 3.6 -3.5 -2.2

Medical care

455.545 457.102 456.954 3.6 0.3 0.0

Medical care commodities

359.628 364.320 366.507 3.8 1.9 0.6

Medical care services

488.225 488.499 487.413 3.6 -0.2 -0.2

Professional services

362.842 362.106 361.131 -1.4 -0.5 -0.3

Recreation(3)

117.944 118.069 117.914 -0.1 0.0 -0.1

Education and communication(3)

131.549 131.495 131.319 -4.0 -0.2 -0.1

Other goods and services

419.213 420.214 419.781 1.1 0.1 -0.1
 

Commodity and service group

 
 

All Items

236.774 237.346 236.942 1.6 0.1 -0.2

Commodities

181.519 180.943 179.861 0.1 -0.9 -0.6

Commodities less food and beverages

150.164 149.412 147.773 -0.5 -1.6 -1.1

Nondurables less food and beverages

194.190 192.822 189.787 0.4 -2.3 -1.6

Nondurables less food, beverages, and apparel

230.858 229.390 226.833 1.2 -1.7 -1.1

Durables

109.000 108.742 108.217 -1.6 -0.7 -0.5

Services

292.359 294.044 294.291 2.4 0.7 0.1

Rent of shelter(2)

271.335 272.463 272.622 2.9 0.5 0.1

Transportation services

342.363 343.752 344.379 5.1 0.6 0.2

Other services

335.769 336.070 336.055 -1.1 0.1 0.0
 

Special aggregate indexes

 
 

All items less medical care

224.849 225.372 224.959 1.4 0.0 -0.2

All items less food

234.661 235.331 234.808 1.7 0.1 -0.2

All items less shelter

227.044 227.405 226.770 0.9 -0.1 -0.3

Commodities less food

152.600 151.850 150.259 -0.4 -1.5 -1.0

Nondurables

219.530 218.771 217.372 0.7 -1.0 -0.6

Nondurables less food

195.940 194.614 191.776 0.4 -2.1 -1.5

Nondurables less food and apparel

229.591 228.201 225.913 1.2 -1.6 -1.0

Services less rent of shelter(2)

327.927 330.373 330.738 2.0 0.9 0.1

Services less medical care services

274.850 276.604 276.936 2.3 0.8 0.1

Energy

189.473 192.109 190.436 3.1 0.5 -0.9

All items less energy

242.845 243.192 242.926 1.4 0.0 -0.1

All items less food and energy

242.182 242.601 242.224 1.5 0.0 -0.2

Commodities less food and energy commodities

147.377 147.147 146.081 -0.9 -0.9 -0.7

Energy commodities

203.397 198.845 193.352 2.5 -4.9 -2.8

Services less energy services

303.293 304.154 304.261 2.4 0.3 0.0

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) Index is 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.
 

- 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: Friday, August 11, 2017