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Thursday, September 14, 2017

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Consumer Price Index, South Region – August 2017

Prices in the South up 0.4 percent over the month and 1.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South rose 0.4 percent in August, the U.S. Bureau of Labor Statistics reported today. The all items less food and energy index edged up 0.3 percent over the month and the energy index advanced 2.2 percent. The food index inched up 0.1 percent in August. (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 rose 1.9 percent since August 2016. The all items less food and energy index increased 1.6 percent over the last 12 months and the energy index advanced 6.4 percent. The food index rose 0.9 percent over the year. (See chart 1.)

Food

The food index inched up 0.1 percent in August. Prices for food away from home edged up 0.2 percent over the month, while prices for food at home were unchanged.

The food index rose 0.9 percent since August 2016, led by a 2.0 percent increase in prices for food away from home. Over the year, prices for food at home edged up 0.2 percent.

Energy

The energy index advanced 2.2 percent in August, led by a 5.1 percent increased in motor fuel prices. Over the month, prices for utility (piped) gas service also rose (up 0.3 percent), while electricity prices edged down 0.2 percent.

From August 2016—August 2017, energy prices advanced 6.4 percent as price increases were recorded for motor fuel (10.2 percent), electricity (2.3 percent), and utility (piped) gas service (10.7 percent).

All items less food and energy

The all items less food and energy index edged up 0.3 percent in August, led by an increase in the shelter index (0.5 percent).

Since August 2016, the all items less food and energy index advanced 1.6 percent as several indexes recorded increases, most notably shelter (3.2 percent) and medical care (2.1 percent). In contrast, the education and communication index declined over-the-year, down 3.8 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    

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 September 2017 is scheduled to be released on Friday, October 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-
Jun.
2017
Jul.
2017
Aug.
2017
Aug.
2016
Jun.
2017
Jul.
2017

Expenditure category

 
 

All Items

237.346 236.942 237.892 1.9 0.2 0.4

All items (December 1977=100)

385.008 384.353 385.894 - - -

Food and beverages

247.572 247.957 248.255 0.9 0.3 0.1

Food

248.914 249.284 249.549 0.9 0.3 0.1

Food at home

236.834 237.276 237.375 0.2 0.2 0.0

Food away from home

269.782 270.049 270.563 2.0 0.3 0.2

Alcoholic beverages

228.330 228.953 229.753 1.1 0.6 0.3

Housing

232.397 232.663 233.398 2.7 0.4 0.3

Shelter

265.464 265.614 266.850 3.2 0.5 0.5

Rent of primary residence(1)

275.135 275.889 277.156 3.8 0.7 0.5

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

266.815 267.496 268.791 3.1 0.7 0.5

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

266.809 267.492 268.782 3.2 0.7 0.5

Fuels and utilities

240.686 242.147 242.139 3.2 0.6 0.0

Household energy

196.919 198.368 198.075 3.4 0.6 -0.1

Energy services(1)

197.484 198.949 198.670 3.3 0.6 -0.1

Electricity(1)

195.729 197.266 196.849 2.3 0.6 -0.2

Utility (piped) gas service(1)

192.919 193.776 194.451 10.7 0.8 0.3

Household furnishings and operations

120.720 120.582 120.043 -1.2 -0.6 -0.4

Apparel

134.145 130.081 130.746 -0.9 -2.5 0.5

Transportation

201.440 199.866 202.213 3.8 0.4 1.2

Private transportation

199.315 197.997 200.731 4.0 0.7 1.4

New and used motor vehicles(3)

102.378 102.191 101.833 -1.3 -0.5 -0.4

New vehicles

154.076 153.000 152.523 -0.2 -1.0 -0.3

New cars and trucks(3)(4)

104.905 104.169 103.866 -0.2 -1.0 -0.3

New cars(4)

153.381 152.022 151.553 -0.8 -1.2 -0.3

Used cars and trucks

140.826 140.432 140.423 -3.4 -0.3 0.0

Motor fuel

195.365 189.822 199.441 10.2 2.1 5.1

Gasoline (all types)

194.418 188.882 198.505 10.2 2.1 5.1

Unleaded regular(4)

189.241 183.654 193.308 10.2 2.1 5.3

Unleaded midgrade(4)(5)

216.813 212.417 221.364 10.3 2.1 4.2

Unleaded premium(4)

217.256 212.531 220.951 9.7 1.7 4.0

Medical care

457.102 456.954 457.722 2.1 0.1 0.2

Medical care commodities

364.320 366.507 368.369 1.4 1.1 0.5

Medical care services

488.499 487.413 487.730 2.3 -0.2 0.1

Professional services

362.106 361.131 361.381 -1.4 -0.2 0.1

Recreation(3)

118.069 117.914 117.923 0.5 -0.1 0.0

Education and communication(3)

131.495 131.319 132.004 -3.8 0.4 0.5

Other goods and services

420.214 419.781 419.118 0.9 -0.3 -0.2
 

Commodity and service group

 
 

All Items

237.346 236.942 237.892 1.9 0.2 0.4

Commodities

180.943 179.861 180.686 0.6 -0.1 0.5

Commodities less food and beverages

149.412 147.773 148.786 0.4 -0.4 0.7

Nondurables less food and beverages

192.822 189.787 192.701 2.3 -0.1 1.5

Nondurables less food, beverages, and apparel

229.390 226.833 231.036 3.3 0.7 1.9

Durables

108.742 108.217 107.786 -1.9 -0.9 -0.4

Services

294.044 294.291 295.371 2.6 0.5 0.4

Rent of shelter(2)

272.463 272.622 273.905 3.2 0.5 0.5

Transportation services

343.752 344.379 345.980 6.0 0.6 0.5

Other services

336.070 336.055 337.227 -0.8 0.3 0.3
 

Special aggregate indexes

 
 

All items less medical care

225.372 224.959 225.910 1.8 0.2 0.4

All items less food

235.331 234.808 235.863 2.0 0.2 0.4

All items less shelter

227.405 226.770 227.608 1.2 0.1 0.4

Commodities less food

151.850 150.259 151.271 0.5 -0.4 0.7

Nondurables

218.771 217.372 219.034 1.6 0.1 0.8

Nondurables less food

194.614 191.776 194.576 2.2 0.0 1.5

Nondurables less food and apparel

228.201 225.913 229.822 3.1 0.7 1.7

Services less rent of shelter(2)

330.373 330.738 331.593 2.0 0.4 0.3

Services less medical care services

276.604 276.936 278.051 2.6 0.5 0.4

Energy

192.109 190.436 194.532 6.4 1.3 2.2

All items less energy

243.192 242.926 243.533 1.5 0.1 0.2

All items less food and energy

242.601 242.224 242.892 1.6 0.1 0.3

Commodities less food and energy commodities

147.147 146.081 145.916 -1.2 -0.8 -0.1

Energy commodities

198.845 193.352 202.893 10.1 2.0 4.9

Services less energy services

304.154 304.261 305.492 2.5 0.4 0.4

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: Thursday, September 14, 2017