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17-1532-ATL
Wednesday, November 15, 2017

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Consumer Price Index, South Region – October 2017

Prices in the South down 0.2 percent over the month; up 2.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged down 0.2 percent in October, the U.S. Bureau of Labor Statistics reported today. The energy index declined 5.4 percent over the month. The all items less food and energy index rose 0.3 percent and the food index edged up 0.2 percent in October. (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 2.0 percent since October 2016. The all items less food and energy index increased 1.7 percent over the last 12 months, and the energy index advanced 6.7 percent. The food index rose 1.2 percent over the year. (See chart 1.)

Food

The food index edged up 0.2 percent in October. Prices for food at home increased 0.4 percent over the month, while prices for food away from home declined 0.2 percent.

The food index rose 1.2 percent since October 2016, reflecting price increases for both food away from home (1.9 percent) and for food at home (0.8 percent).

Energy

The energy index declined 5.4 percent in October, reflecting an 8.1 percent drop in motor fuel prices. Prices for electricity and for utility (piped) gas service also declined over-the-month, down 3.4 and 0.1 percent, respectively.

From October 2016—October 2017, energy prices advanced 6.7 percent as price increases were recorded for motor fuel (10.3 percent), electricity (3.0 percent), and utility (piped) gas service (6.8 percent).

All items less food and energy

The all items less food and energy index edged up 0.3 percent in October, led by increases in the shelter and apparel indexes, up 0.3 and 1.3 percent, respectively.

Since October 2016, the all items less food and energy index advanced 1.7 percent—largely contributed to a 3.2-percent increase in the shelter index.

 

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    

December

0.1 1.8 -0.6 0.6 -0.4 0.5 0.1 2.0    

The Consumer Price Index for November 2017 is scheduled to be released on Wednesday, December 13, 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-
Aug.
2017
Sep.
2017
Oct.
2017
Oct.
2016
Aug.
2017
Sep.
2017

Expenditure category

 
 

All Items

237.892 239.649 239.067 2.0 0.5 -0.2

All items (December 1977=100)

385.894 388.744 387.800 - - -

Food and beverages

248.255 248.735 249.112 1.2 0.3 0.2

Food

249.549 249.981 250.357 1.2 0.3 0.2

Food at home

237.375 237.646 238.588 0.8 0.5 0.4

Food away from home

270.563 271.240 270.779 1.9 0.1 -0.2

Alcoholic beverages

229.753 230.979 231.365 1.4 0.7 0.2

Housing

233.398 233.926 233.871 2.8 0.2 0.0

Shelter

266.850 267.797 268.632 3.2 0.7 0.3

Rent of primary residence(1)

277.156 278.236 279.360 3.9 0.8 0.4

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

268.791 269.658 270.587 3.1 0.7 0.3

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

268.782 269.649 270.578 3.1 0.7 0.3

Fuels and utilities

242.139 241.219 236.082 3.3 -2.5 -2.1

Household energy

198.075 197.042 191.413 3.6 -3.4 -2.9

Energy services(1)

198.670 197.501 191.612 3.4 -3.6 -3.0

Electricity(1)

196.849 195.888 189.232 3.0 -3.9 -3.4

Utility (piped) gas service(1)

194.451 191.980 191.747 6.8 -1.4 -0.1

Household furnishings and operations

120.043 120.091 120.359 -1.1 0.3 0.2

Apparel

130.746 135.036 136.724 -1.9 4.6 1.3

Transportation

202.213 208.467 204.679 3.9 1.2 -1.8

Private transportation

200.731 207.300 203.164 4.1 1.2 -2.0

New and used motor vehicles(3)

101.833 100.727 100.355 -1.5 -1.5 -0.4

New vehicles

152.523 151.566 151.465 -0.7 -0.7 -0.1

New cars and trucks(3)(4)

103.866 103.190 103.117 -0.7 -0.7 -0.1

New cars(4)

151.553 150.330 150.012 -1.5 -1.0 -0.2

Used cars and trucks

140.423 138.293 137.058 -2.4 -2.4 -0.9

Motor fuel

199.441 230.813 212.172 10.3 6.4 -8.1

Gasoline (all types)

198.505 229.894 211.074 10.2 6.3 -8.2

Unleaded regular(4)

193.308 225.035 205.869 10.2 6.5 -8.5

Unleaded midgrade(4)(5)

221.364 250.266 233.554 10.3 5.5 -6.7

Unleaded premium(4)

220.951 247.185 232.595 10.3 5.3 -5.9

Medical care

457.722 457.560 457.382 2.0 -0.1 0.0

Medical care commodities

368.369 367.631 366.203 -0.2 -0.6 -0.4

Medical care services

487.730 487.802 488.130 2.7 0.1 0.1

Professional services

361.381 361.286 360.876 -1.5 -0.1 -0.1

Recreation(3)

117.923 117.769 117.386 0.9 -0.5 -0.3

Education and communication(3)

132.004 132.253 132.618 -2.7 0.5 0.3

Other goods and services

419.118 420.135 422.274 1.3 0.8 0.5
 

Commodity and service group

 
 

All Items

237.892 239.649 239.067 2.0 0.5 -0.2

Commodities

180.686 183.782 182.389 0.8 0.9 -0.8

Commodities less food and beverages

148.786 152.844 150.781 0.5 1.3 -1.3

Nondurables less food and beverages

192.701 203.144 198.663 2.3 3.1 -2.2

Nondurables less food, beverages, and apparel

231.036 245.065 237.140 3.6 2.6 -3.2

Durables

107.786 106.955 106.776 -1.8 -0.9 -0.2

Services

295.371 295.851 296.047 2.8 0.2 0.1

Rent of shelter(2)

273.905 274.892 275.760 3.2 0.7 0.3

Transportation services

345.980 345.528 348.684 5.9 0.8 0.9

Other services

337.227 337.726 337.680 -0.2 0.1 0.0
 

Special aggregate indexes

 
 

All items less medical care

225.910 227.743 227.147 2.0 0.5 -0.3

All items less food

235.863 237.822 237.093 2.1 0.5 -0.3

All items less shelter

227.608 229.712 228.540 1.4 0.4 -0.5

Commodities less food

151.271 155.275 153.264 0.5 1.3 -1.3

Nondurables

219.034 224.709 222.552 1.7 1.6 -1.0

Nondurables less food

194.576 204.524 200.304 2.2 2.9 -2.1

Nondurables less food and apparel

229.822 242.755 235.535 3.4 2.5 -3.0

Services less rent of shelter(2)

331.593 331.443 330.788 2.3 -0.2 -0.2

Services less medical care services

278.051 278.552 278.735 2.8 0.2 0.1

Energy

194.532 207.849 196.585 6.7 1.1 -5.4

All items less energy

243.533 244.023 244.616 1.6 0.4 0.2

All items less food and energy

242.892 243.392 244.024 1.7 0.5 0.3

Commodities less food and energy commodities

145.916 146.162 146.407 -1.3 0.3 0.2

Energy commodities

202.893 234.228 215.847 10.3 6.4 -7.8

Services less energy services

305.492 306.160 307.048 2.7 0.5 0.3

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, November 15, 2017