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News Release Information

20-1578-ATL
Wednesday, August 12, 2020

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Technical information:
Media contact:
  • (404) 893-4220

Consumer Price Index, Tampa-St. Petersburg-Clearwater – July 2020

Area prices up 1.0 percent over the past two months; up 1.8 percent from a year ago

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater increased 1.0 percent from May to July, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the index for all items less food and energy rose 0.8 percent since May, while the energy index advanced 9.2 percent. The food index declined 0.8 percent over the bi-monthly period. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U rose 1.8 percent from July 2019 to July 2020. The index for all items less food and energy advanced 2.5 percent over the past 12 months, while the food index jumped 6.9 percent. The energy index fell 15.9 percent over the past year. (See table 1.)

Food

The food index declined 0.8 percent from May to July, led by a 1.2-percent decline in the food at home index. The food away from home index edged down 0.2 percent over the bi-monthly period.

The food index jumped 6.9 percent for the 12 months ending in July, reflecting increases in the food at home (10.0 percent) and food away from home (3.2 percent) indexes.  

Energy

The energy index advanced 9.2 percent from May to July, influenced by gains in the gasoline (14.1 percent) and electricity (6.0 percent) indexes. The utility (piped) gas service index declined 5.1 percent over the bi-monthly period.   

The energy index declined 15.9 percent for the 12 months ending in July. The gasoline index fell 22.9 percent over the past year, while the electricity and utility (piped) gas service indexes each declined 8.6 percent. 

All items less food and energy

The index for all items less food and energy rose 0.8 percent from May to July. Several indexes increased since May, including shelter (1.1 percent), medical care (3.8 percent), and motor vehicle insurance (17.8 percent).

The index for all items less food and energy advanced 2.5 percent for the 12 months ending in July. Increases in the shelter (4.1 percent) and medical care (7.4 percent) indexes contributed to the over-the-year increase. In contrast, the apparel index fell 13.5 percent over the past year.

Table A. Tampa-St. Petersburg-Clearwater, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2018 2019 2020
2-month 12-month 2-month 12-month 2-month 12-month

January

0.8 -1.1 0.4 0.7 3.8

March

0.6 1.9 1.7 0.2 2.1

May

0.4 0.9 2.2 -0.3 0.9

July

0.3 0.1 2.1 1.0 1.8

September

0.6 -0.1 1.5

November

-0.3 2.3 0.2 2.0

The Consumer Price Index for August 2020 is scheduled to be released on Friday, September 11, 2020.

Coronavirus (COVID-19) Pandemic Impact on July 2020 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in July was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


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 93 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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 75 urban areas across the country from about 5,000 housing units and approximately 22,000 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 Tampa-St. Petersburg-Clearwater, FL Core Based Statistical Area includes Hernando, Hillsborough, Pasco, and Pinellas Counties.

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,
Tampa-St. Petersburg-Clearwater, FL (1987=100 unless otherwise noted) (not seasonally adjusted)
Item and Group

Indexes Percent change from-
May
2020
Jun.
2020
Jul.
2020
Jul.
2019
May
2020
Jun.
2020

Expenditure category

All Items

231.032 - 233.447 1.8 1.0 -

Food and beverages

250.021 - 248.510 6.8 -0.6 -

Food

251.072 - 249.110 6.9 -0.8 -

Food at home

260.268 262.124 257.105 10.0 -1.2 -1.9

Cereals and bakery products

269.189 - 263.333 -1.7 -2.2 -

Meats, poultry, fish, and eggs

263.993 - 254.695 13.0 -3.5 -

Dairy and related products

243.186 - 244.883 15.3 0.7 -

Fruits and vegetables

355.141 - 352.840 6.9 -0.6 -

Nonalcoholic beverages and beverage materials

205.096 - 193.772 13.3 -5.5 -

Other food at home

202.743 - 208.960 10.4 3.1 -

Food away from home

239.002 - 238.469 3.2 -0.2 -

Alcoholic beverages

221.862 - 225.400 6.6 1.6 -

Housing

238.420 - 241.631 3.2 1.3 -

Shelter

276.830 279.519 279.814 4.1 1.1 0.1

Rent of primary residence

282.675 285.096 286.238 5.4 1.3 0.4

Owners' equiv. rent of residences

291.935 292.860 293.865 4.0 0.7 0.3

Owners' equiv. rent of primary residence

291.935 292.860 293.865 4.0 0.7 0.3

Fuels and utilities

192.331 - 199.939 -5.7 4.0 -

Household energy

144.401 153.048 152.545 -8.7 5.6 -0.3

Energy Services

142.340 150.848 150.322 -8.6 5.6 -0.3

Electricity

139.330 148.217 147.683 -8.6 6.0 -0.4

Utility (piped) gas service

231.843 219.980 219.991 -8.6 -5.1 0.0

Household furnishings and operations

126.732 - 128.304 4.7 1.2 -

Apparel

119.978 - 119.506 -13.5 -0.4 -

Transportation

187.336 - 188.984 -7.1 0.9 -

Private transportation

191.642 - 198.200 -5.3 3.4 -

New and used motor vehicles(1)

109.457 - 107.104 -1.5 -2.1 -

New vehicles

125.963 - 120.685 -2.1 -4.2 -

Used cars and trucks

132.858 - 135.583 -0.7 2.1 -

Motor fuel

193.325 212.266 219.852 -22.6 13.7 3.6

Gasoline (all types)

188.124 206.980 214.605 -22.9 14.1 3.7

Unleaded regular(2)

179.423 198.533 205.868 -24.2 14.7 3.7

Unleaded midgrade(2)(3)

194.473 215.035 224.605 -7.4 15.5 4.5

Unleaded premium(2)

232.215 244.833 253.343 -12.2 9.1 3.5

Motor vehicle insurance

491.160 - 578.782 1.1 17.8 -

Medical Care

409.320 - 424.896 7.4 3.8 -

Recreation(1)

125.310 - 125.154 2.8 -0.1 -

Education and communication(1)

130.620 - 132.838 0.1 1.7 -

Tuition, other school fees, and child care

631.160 - 640.109 1.9 1.4 -

Other goods and services

300.914 - 297.601 -1.6 -1.1 -

Commodity and service group

All Items

231.032 - 233.447 1.8 1.0 -

Commodities

173.468 - 173.922 -0.8 0.3 -

Commodities less food & beverages

135.780 - 137.084 -5.9 1.0 -

Nondurables less food & beverages

181.017 - 187.638 -10.9 3.7 -

Durables

92.115 - 90.689 -0.6 -1.5 -

Services

282.134 - 286.189 3.2 1.4 -

Special aggregate indexes

All items less medical care

221.455 - 223.223 1.3 0.8 -

All items less shelter

211.716 - 213.886 0.4 1.0 -

Commodities less food

139.712 - 141.103 -5.4 1.0 -

Nondurables

217.556 - 219.710 -0.8 1.0 -

Nondurables less food

184.598 - 190.927 -9.4 3.4 -

Services less rent of shelter

283.147 - 288.559 1.8 1.9 -

Services less medical care services

268.192 - 271.042 2.4 1.1 -

Energy

164.034 176.639 179.189 -15.9 9.2 1.4

All items less energy

236.218 - 237.608 3.1 0.6 -

All items less food and energy

234.091 - 236.014 2.5 0.8 -

Footnotes
(1) Indexes on a December 1997=100 base.
(2) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.

- Data not available.

 

Last Modified Date: Wednesday, August 12, 2020