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Wednesday, January 18, 2017

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Consumer Price Index, South Region – December 2016

Prices up 0.1 percent over the month and 2.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South inched up 0.1 percent in December, the U.S. Bureau of Labor Statistics reported today. The energy index rose 1.4 percent over the month. The food index inched down 0.1 percent, while the all items less food and energy index was unchanged in December. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the all items CPI-U advanced 2.0 percent. The all items less food and energy index increased 2.1 percent over the year reflecting price increases for shelter and medical care. (See chart 1.)

Food

The food index inched down 0.1 percent in December, led by a decline in the food at home index (-0.4 percent). The food away from home index edged up 0.3 percent over the month.

The food index declined 0.3 percent over the year. The food at home index fell 1.9 percent since December 2015, while the food away from home index was up 1.8 percent.

Energy

The energy index increased 1.4 percent in December, led by price increases for motor fuel (2.9 percent) and electricity (0.1 percent). Prices for utility (piped) gas service declined over-the-month, down 0.7 percent.

From December 2015—December 2016, energy prices advanced 5.2 percent, reflecting price increases for motor fuel (11.9 percent), and utility (piped) gas service (8.0 percent). Since December 2015, prices for electricity declined 1.1 percent.

All items less food and energy

The all items less food and energy index was unchanged in December. Price increases for shelter (0.2 percent) and other goods and services (0.3 percent), were largely offset by price declines for apparel (-2.9 percent) and education and communication (-0.4 percent).

Since December 2015, the all items less food and energy index advanced 2.1 percent—led by increases in shelter (2.9 percent) and medical care (4.6 percent).

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 3.2 0.4 1.6 0.3 1.7 -0.7 -0.4 0.0 1.2

February

0.6 3.3 0.9 1.8 0.4 1.2 0.5 -0.3 0.1 0.7

March

0.7 2.8 0.3 1.5 0.6 1.5 0.6 -0.3 0.6 0.7

April

0.4 2.5 -0.2 0.9 0.5 2.3 0.3 -0.6 0.4 0.9

May

-0.4 1.6 0.0 1.3 0.2 2.4 0.4 -0.4 0.4 0.9

June

-0.2 1.7 0.4 1.9 0.2 2.3 0.5 -0.1 0.4 0.8

July

-0.2 1.4 0.2 2.2 -0.1 2.0 -0.1 -0.1 -0.2 0.7

August

0.6 1.6 0.1 1.7 -0.2 1.7 -0.2 -0.2 0.1 1.0

September

0.5 2.1 0.0 1.3 0.1 1.7 -0.2 -0.4 0.2 1.4

October

-0.2 2.1 -0.2 1.3 -0.3 1.6 0.0 -0.1 0.1 1.5

November

-0.5 1.6 -0.3 1.5 -0.6 1.3 -0.2 0.3 -0.1 1.6

December

-0.1 1.7 0.1 1.8 -0.6 0.6 -0.4 0.5 0.1 2.0

The Consumer Price Index for January 2017 is scheduled to be released on Wednesday, February 15, 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 https://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-
Oct.
2016
Nov.
2016
Dec.
2016
Dec.
2015
Oct.
2016
Nov.
2016

Expenditure category

 
 

All Items

234.337 234.029 234.204 2.0 -0.1 0.1

All items (December 1977=100)

380.128 379.627 379.912 - - -

Food and beverages

246.050 245.788 245.520 -0.2 -0.2 -0.1

Food

247.297 247.037 246.747 -0.3 -0.2 -0.1

Food at home

236.767 236.182 235.233 -1.9 -0.6 -0.4

Food away from home

265.836 266.057 266.747 1.8 0.3 0.3

Alcoholic beverages

228.258 227.962 228.026 1.0 -0.1 0.0

Housing

227.449 227.337 227.697 2.2 0.1 0.2

Shelter

260.226 260.571 261.061 2.9 0.3 0.2

Rent of primary residence(1)

268.955 269.896 270.779 3.5 0.7 0.3

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

262.428 263.060 263.599 2.8 0.4 0.2

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

262.417 263.050 263.588 2.8 0.4 0.2

Fuels and utilities

228.479 226.832 226.973 0.7 -0.7 0.1

Household energy

184.770 182.759 182.833 0.1 -1.0 0.0

Energy services(1)

185.252 183.105 183.116 0.0 -1.2 0.0

Electricity(1)

183.807 180.696 180.898 -1.1 -1.6 0.1

Utility (piped) gas service(1)

179.609 184.137 182.862 8.0 1.8 -0.7

Household furnishings and operations

121.665 120.947 121.013 -0.4 -0.5 0.1

Apparel

139.363 136.965 132.997 2.1 -4.6 -2.9

Transportation

197.032 196.260 197.939 3.9 0.5 0.9

Private transportation

195.115 194.158 196.169 4.2 0.5 1.0

New and used motor vehicles(3)

101.834 101.580 101.741 -0.5 -0.1 0.2

New vehicles

152.471 152.913 153.638 0.4 0.8 0.5

New cars and trucks(3)(4)

103.841 104.144 104.653 0.5 0.8 0.5

New cars(4)

152.259 152.901 153.872 0.3 1.1 0.6

Used cars and trucks

140.499 138.408 138.051 -3.3 -1.7 -0.3

Motor fuel

192.419 185.917 191.344 11.9 -0.6 2.9

Gasoline (all types)

191.516 184.951 190.368 12.0 -0.6 2.9

Unleaded regular(4)

186.837 180.168 185.594 12.3 -0.7 3.0

Unleaded midgrade(4)(5)

211.713 205.061 210.919 11.2 -0.4 2.9

Unleaded premium(4)

210.816 205.984 210.550 10.9 -0.1 2.2

Medical care

448.472 448.405 448.393 4.6 0.0 0.0

Medical care commodities

366.759 364.936 364.080 5.7 -0.7 -0.2

Medical care services

475.525 476.165 476.493 4.2 0.2 0.1

Professional services

366.426 367.724 368.037 2.6 0.4 0.1

Recreation(3)

116.389 116.476 116.351 0.4 0.0 -0.1

Education and communication(3)

136.266 136.608 136.085 -0.7 -0.1 -0.4

Other goods and services

416.906 417.433 418.568 2.1 0.4 0.3
 

Commodity and service group

 
 

All Items

234.337 234.029 234.204 2.0 -0.1 0.1

Commodities

180.964 179.728 179.734 0.9 -0.7 0.0

Commodities less food and beverages

150.048 148.456 148.572 1.7 -1.0 0.1

Nondurables less food and beverages

194.275 191.416 191.577 4.5 -1.4 0.1

Nondurables less food, beverages, and apparel

228.846 225.666 228.060 5.3 -0.3 1.1

Durables

108.745 108.172 108.248 -1.7 -0.5 0.1

Services

288.084 288.667 289.007 2.7 0.3 0.1

Rent of shelter(2)

267.094 267.453 267.954 2.9 0.3 0.2

Transportation services

329.382 333.871 334.999 5.2 1.7 0.3

Other services

338.439 339.542 339.068 1.0 0.2 -0.1
 

Special aggregate indexes

 
 

All items less medical care

222.646 222.329 222.512 1.8 -0.1 0.1

All items less food

232.111 231.795 232.042 2.4 0.0 0.1

All items less shelter

225.297 224.716 224.763 1.6 -0.2 0.0

Commodities less food

152.471 150.905 151.020 1.7 -1.0 0.1

Nondurables

218.802 217.186 217.142 1.9 -0.8 0.0

Nondurables less food

195.986 193.264 193.420 4.3 -1.3 0.1

Nondurables less food and apparel

227.699 224.766 226.961 5.0 -0.3 1.0

Services less rent of shelter(2)

323.480 324.366 324.513 2.5 0.3 0.0

Services less medical care services

271.203 271.774 272.110 2.5 0.3 0.1

Energy

184.284 180.329 182.769 5.2 -0.8 1.4

All items less energy

240.703 240.795 240.722 1.8 0.0 0.0

All items less food and energy

239.956 240.109 240.074 2.1 0.0 0.0

Commodities less food and energy commodities

148.302 147.385 146.754 0.0 -1.0 -0.4

Energy commodities

195.691 189.332 194.807 11.7 -0.5 2.9

Services less energy services

298.926 299.819 300.196 2.9 0.4 0.1

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: Wednesday, January 18, 2017