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Wednesday, December 13, 2017

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Consumer Price Index, South Region – November 2017

Prices in the South down 0.1 percent over the month; up 2.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South inched down 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. The energy index declined 0.6 percent and the food index edged down 0.2 percent over the month. The all items less food and energy index was unchanged in November. (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 increased 2.1 percent since November 2016. The all items less food and energy index moved up 1.6 percent over the last 12 months, and the energy index advanced 8.4 percent. The food index rose 1.1 percent over the year. (See chart 1.)

Food

The food index edged down 0.2 percent in November, reflecting a 0.5-percent decline in the food at home index. The food away from home index was up 0.2 percent over the month.

The food index rose 1.1 percent since November 2016, led by a 2.0-percent increase in food away from home prices. Over the year, prices for food at home rose 0.5 percent.

Energy

The energy index declined 0.6 percent in November, fueled by a 1.3-percent seasonal decline in electricity prices. Prices for utility (piped) gas service edged up 0.3 percent in November, while motor fuel prices were unchanged over the month.

From November 2016—November 2017, the energy index advanced 8.4 percent, reflecting a 14.1-percent increase for motor fuel prices. Prices for electricity and for utility (piped) gas service also increased over the year, up 3.3 and 4.4 percent, respectively.

All items less food and energy

The all items less food and energy index was unchanged in November. Price declines for apparel (-2.1 percent) and medical care (-0.4 percent) were largely offset by price increases for shelter (0.2 percent) and education and communication (0.2 percent).

Since November 2016, the all items less food and energy index advanced 1.6 percent, led by an increase in the shelter index (3.3 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 0.4 1.9

September

0.0 1.3 0.1 1.7 -0.2 -0.4 0.2 1.4 0.7 2.4

October

-0.2 1.3 -0.3 1.6 0.0 -0.1 0.1 1.5 -0.2 2.0

November

-0.3 1.5 -0.6 1.3 -0.2 0.3 -0.1 1.6 -0.1 2.1

December

0.1 1.8 -0.6 0.6 -0.4 0.5 0.1 2.0    

The Consumer Price Index for December 2017 is scheduled to be released on Friday, January 12, 2018.


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-
Sep.
2017
Oct.
2017
Nov.
2017
Nov.
2016
Sep.
2017
Oct.
2017

Expenditure category

 
 

All Items

239.649 239.067 238.861 2.1 -0.3 -0.1

All items (December 1977=100)

388.744 387.800 387.466 - - -

Food and beverages

248.735 249.112 248.635 1.2 0.0 -0.2

Food

249.981 250.357 249.842 1.1 -0.1 -0.2

Food at home

237.646 238.588 237.402 0.5 -0.1 -0.5

Food away from home

271.240 270.779 271.257 2.0 0.0 0.2

Alcoholic beverages

230.979 231.365 231.470 1.5 0.2 0.0

Housing

233.926 233.871 233.922 2.9 0.0 0.0

Shelter

267.797 268.632 269.154 3.3 0.5 0.2

Rent of primary residence(1)

278.236 279.360 280.416 3.9 0.8 0.4

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

269.658 270.587 271.409 3.2 0.6 0.3

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

269.649 270.578 271.399 3.2 0.6 0.3

Fuels and utilities

241.219 236.082 234.510 3.4 -2.8 -0.7

Household energy

197.042 191.413 189.294 3.6 -3.9 -1.1

Energy services(1)

197.501 191.612 189.437 3.5 -4.1 -1.1

Electricity(1)

195.888 189.232 186.678 3.3 -4.7 -1.3

Utility (piped) gas service(1)

191.980 191.747 192.311 4.4 0.2 0.3

Household furnishings and operations

120.091 120.359 119.831 -0.9 -0.2 -0.4

Apparel

135.036 136.724 133.839 -2.3 -0.9 -2.1

Transportation

208.467 204.679 204.911 4.4 -1.7 0.1

Private transportation

207.300 203.164 203.293 4.7 -1.9 0.1

New and used motor vehicles(3)

100.727 100.355 100.289 -1.3 -0.4 -0.1

New vehicles

151.566 151.465 151.892 -0.7 0.2 0.3

New cars and trucks(3)(4)

103.190 103.117 103.408 -0.7 0.2 0.3

New cars(4)

150.330 150.012 150.642 -1.5 0.2 0.4

Used cars and trucks

138.293 137.058 136.154 -1.6 -1.5 -0.7

Motor fuel

230.813 212.172 212.195 14.1 -8.1 0.0

Gasoline (all types)

229.894 211.074 211.068 14.1 -8.2 0.0

Unleaded regular(4)

225.035 205.869 205.868 14.3 -8.5 0.0

Unleaded midgrade(4)(5)

250.266 233.554 233.987 14.1 -6.5 0.2

Unleaded premium(4)

247.185 232.595 232.394 12.8 -6.0 -0.1

Medical care

457.560 457.382 455.694 1.6 -0.4 -0.4

Medical care commodities

367.631 366.203 366.296 0.4 -0.4 0.0

Medical care services

487.802 488.130 485.746 2.0 -0.4 -0.5

Professional services

361.286 360.876 358.429 -2.5 -0.8 -0.7

Recreation(3)

117.769 117.386 117.348 0.7 -0.4 0.0

Education and communication(3)

132.253 132.618 132.893 -2.7 0.5 0.2

Other goods and services

420.135 422.274 422.145 1.1 0.5 0.0
 

Commodity and service group

 
 

All Items

239.649 239.067 238.861 2.1 -0.3 -0.1

Commodities

183.782 182.389 181.684 1.1 -1.1 -0.4

Commodities less food and beverages

152.844 150.781 150.004 1.0 -1.9 -0.5

Nondurables less food and beverages

203.144 198.663 197.260 3.1 -2.9 -0.7

Nondurables less food, beverages, and apparel

245.065 237.140 236.501 4.8 -3.5 -0.3

Durables

106.955 106.776 106.502 -1.5 -0.4 -0.3

Services

295.851 296.047 296.320 2.7 0.2 0.1

Rent of shelter(2)

274.892 275.760 276.291 3.3 0.5 0.2

Transportation services

345.528 348.684 350.021 4.8 1.3 0.4

Other services

337.726 337.680 338.771 -0.2 0.3 0.3
 

Special aggregate indexes

 
 

All items less medical care

227.743 227.147 227.011 2.1 -0.3 -0.1

All items less food

237.822 237.093 236.934 2.2 -0.4 -0.1

All items less shelter

229.712 228.540 228.032 1.5 -0.7 -0.2

Commodities less food

155.275 153.264 152.505 1.1 -1.8 -0.5

Nondurables

224.709 222.552 221.593 2.0 -1.4 -0.4

Nondurables less food

204.524 200.304 198.981 3.0 -2.7 -0.7

Nondurables less food and apparel

242.755 235.535 234.960 4.5 -3.2 -0.2

Services less rent of shelter(2)

331.443 330.788 330.741 2.0 -0.2 0.0

Services less medical care services

278.552 278.735 279.182 2.7 0.2 0.2

Energy

207.849 196.585 195.457 8.4 -6.0 -0.6

All items less energy

244.023 244.616 244.510 1.5 0.2 0.0

All items less food and energy

243.392 244.024 243.990 1.6 0.2 0.0

Commodities less food and energy commodities

146.162 146.407 145.529 -1.3 -0.4 -0.6

Energy commodities

234.228 215.847 215.880 14.0 -7.8 0.0

Services less energy services

306.160 307.048 307.599 2.6 0.5 0.2

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, December 13, 2017