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News Release Information

21-1496-ATL
Wednesday, August 11, 2021

Contacts

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

Consumer Price Index, Tampa-St. Petersburg-Clearwater – July 2021

Area prices up 6.6 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater rose 1.4 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 increased 1.2 percent over the bi-monthly period. The food index and the energy index also increased from May to July, up 1.7 percent and 2.6 percent, respectively. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U advanced 6.6 percent for the 12 months ending in July. The index for all items less food and energy increased 5.7 percent over the past 12 months, while the energy index rose sharply, up 25.1 percent. The food index rose 4.3 percent over the past year. (See table 1.)

Food

The food index rose 1.7 percent from May to July, led by a 2.3-percent increase in the food at home index. The food away from home index also increased over the bi-monthly period, up 0.9 percent.

The food index increased 4.3 percent for the 12 months ending in July. The food at home index advanced 6.0 percent over the past year, while the food away from home index rose 2.2 percent.

Energy

The energy index increased 2.6 percent from May to July, reflecting increases in the gasoline (4.7 percent) and electricity (0.5 percent) indexes. The utility (piped) gas service index declined 3.3 percent over the bi-monthly period.

The energy index rose 25.1 percent for the 12 months ending in July, primarily due to a 44.0-percent increase in the gasoline index. The electricity index advanced 9.4 percent over the past 12 months, while the utility (piped) gas service index declined 3.3 percent over the past year.  

All items less food and energy

The index for all items less food and energy rose 1.2 percent from May to July, led by a 1.5 percent increase in the shelter index. The new and used motor vehicles index rose 3.9 percent over the bi-monthly period—reflecting a 12.0 percent increase in the used cars and trucks index. Medical care was also among the many indexes to increase from May to July, up 2.8 percent.

The index for all items less food and energy advanced 5.7 percent for the 12 months ending in July, reflecting increases across many indexes. The shelter index rose 5.7 percent over the past year, while the new and used motor vehicles index jumped 16.1 percent—reflecting a 40.5-percent spike in the used cars and trucks index. The medical care index rose increased 5.5 percent over last 12 months.  

Table A. Tampa-St. Petersburg-Clearwater, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2019 2020 2021
2-month 12-month 2-month 12-month 2-month 12-month

January

-1.1 0.4 0.7 3.8 0.9 3.4

March

1.9 1.7 0.2 2.1 1.6 4.9

May

0.9 2.2 -0.3 0.9 1.0 6.2

July

0.1 2.1 1.0 1.8 1.4 6.6

September

-0.1 1.5 1.4 3.3

November

0.2 2.0 0.1 3.2

The Consumer Price Index for August 2021 is scheduled to be released on Tuesday, September 14, 2021 at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on July 2021 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 measures 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 U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 6,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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
2021
Jun.
2021
Jul.
2021
Jul.
2020
May
2021
Jun.
2021

Expenditure category

All Items

245.419 - 248.811 6.6 1.4 -

Food and beverages

254.798 - 258.873 4.2 1.6 -

Food

255.638 - 259.895 4.3 1.7 -

Food at home

266.464 275.673 272.522 6.0 2.3 -1.1

Cereals and bakery products

279.490 - 280.344 6.5 0.3 -

Meats, poultry, fish, and eggs

263.282 - 286.212 12.4 8.7 -

Dairy and related products

258.651 - 243.369 -0.6 -5.9 -

Fruits and vegetables

385.421 - 395.831 12.2 2.7 -

Nonalcoholic beverages and beverage materials

204.525 - 204.719 5.6 0.1 -

Other food at home

203.203 - 203.509 -2.6 0.2 -

Food away from home

241.615 - 243.719 2.2 0.9 -

Alcoholic beverages

228.639 - 230.441 2.2 0.8 -

Housing

251.466 - 254.869 5.5 1.4 -

Shelter

291.279 292.578 295.672 5.7 1.5 1.1

Rent of primary residence

296.665 297.584 299.327 4.6 0.9 0.6

Owners' equiv. rent of residences

306.278 307.662 309.734 5.4 1.1 0.7

Owners' equiv. rent of primary residence

306.278 307.662 309.734 5.4 1.1 0.7

Fuels and utilities

214.367 - 214.997 7.5 0.3 -

Household energy

165.634 165.673 166.308 9.0 0.4 0.4

Energy Services

163.286 163.286 163.851 9.0 0.3 0.3

Electricity

160.835 160.835 161.563 9.4 0.5 0.5

Utility (piped) gas service

219.833 219.844 212.674 -3.3 -3.3 -3.3

Household furnishings and operations

129.125 - 130.458 1.7 1.0 -

Apparel

126.543 - 121.635 1.8 -3.9 -

Transportation

220.895 - 225.236 19.2 2.0 -

Private transportation

227.290 - 234.646 18.4 3.2 -

New and used motor vehicles(1)

119.677 - 124.301 16.1 3.9 -

New vehicles

128.834 - 128.776 6.7 0.0 -

Used cars and trucks

170.024 - 190.427 40.5 12.0 -

Motor fuel

301.665 309.348 315.776 43.6 4.7 2.1

Gasoline (all types)

295.163 302.671 309.005 44.0 4.7 2.1

Unleaded regular(2)

284.928 292.344 298.520 45.0 4.8 2.1

Unleaded midgrade(2)(3)

300.398 307.576 313.343 39.5 4.3 1.9

Unleaded premium(2)

334.389 341.457 348.203 37.4 4.1 2.0

Motor vehicle insurance

614.846 - 614.846 6.2 0.0 -

Medical Care

436.170 - 448.205 5.5 2.8 -

Recreation(1)

125.061 - 124.776 -0.3 -0.2 -

Education and communication(1)

135.042 - 135.974 2.4 0.7 -

Tuition, other school fees, and child care

644.253 - 649.692 1.5 0.8 -

Other goods and services

312.177 - - - - -

Commodity and service group

All Items

245.419 - 248.811 6.6 1.4 -

Commodities

185.841 - 188.925 8.6 1.7 -

Commodities less food & beverages

151.181 - 153.757 12.2 1.7 -

Nondurables less food & beverages

210.444 - 212.492 13.2 1.0 -

Durables

98.355 - 100.759 11.1 2.4 -

Services

298.424 - 302.129 5.6 1.2 -

Special aggregate indexes

All items less medical care

235.179 - 238.139 6.7 1.3 -

All items less shelter

226.256 - 229.205 7.2 1.3 -

Commodities less food

154.901 - 157.466 11.6 1.7 -

Nondurables

233.389 - 236.529 7.7 1.3 -

Nondurables less food

211.901 - 213.924 12.0 1.0 -

Services less rent of shelter

301.536 - 304.235 5.4 0.9 -

Services less medical care services

283.019 - 285.916 5.5 1.0 -

Energy

218.353 221.281 224.110 25.1 2.6 1.3

All items less energy

247.385 - 250.584 5.5 1.3 -

All items less food and energy

246.316 - 249.351 5.7 1.2 -

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 11, 2021