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News Release Information

22-1661-ATL
Wednesday, August 10, 2022

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

Consumer Price Index, Tampa-St. Petersburg-Clearwater — July 2022

Area prices up 11.2 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater rose 1.3 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 1.4 percent over the bi-monthly period. The food index rose 2.7 percent from May to July, while the energy index declined 1.8 percent. (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 11.2 percent for the 12 months ending in July. The index for all items less food and energy increased 10.1 percent over the past year. The energy index and the food index also increased over the prior 12 months, up 32.5 percent and 7.7 percent, respectively. (See chart 1 and table 1.)


Food

The food index rose 2.7 percent from May to July, led by a 3.7-percent increase in the food at home index. The food away from home index also increased in July, up 1.4 percent.  

The food index advanced 7.7 percent for the 12 months ending in July, reflecting increases in the food at home (+9.3 percent) and food away from home (+5.5 percent) indexes.

Energy

The energy index declined 1.8 percent from May to July, reflecting a 3.8-percent decrease in the gasoline index. The electricity index and the utility (piped) gas service index increased over the bi-monthly period, up 1.5 percent and 0.4 percent, respectively.

The energy index advanced 32.5 percent for the 12 months ending in July, primarily due to a 42.4-percent increase in the gasoline index. The electricity index increased 19.7 percent over the past year and the utility (piped) gas service index increased 18.8 percent.

All items less food and energy

The index for all items less food and energy rose 1.4 percent from May to July, primarily reflecting a 3.7-percent increase in the shelter index.  

The index for all items less food and energy advanced 10.1 percent for the 12 months ending in July, led by a 13.6-percent increase in the shelter index. The new and used motor vehicles index rose 12.0 percent over the past year, reflecting increases in the new vehicles (+13.6 percent) and used cars and trucks (+6.1 percent) indexes.

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 2021 2022
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

January

0.8 -1.1 0.4 0.7 3.8 0.9 3.4 2.4 9.6

March

0.6 1.9 1.7 0.2 2.1 1.6 4.9 2.1 10.2

May

0.4 0.9 2.2 -0.3 0.9 1.0 6.2 2.1 11.3

July

0.3 0.1 2.1 1.0 1.8 1.4 6.6 1.3 11.2

September

0.6 -0.1 1.5 1.4 3.3 1.0 6.1

November

-0.3 2.3 0.2 2.0 0.1 3.2 1.8 8.0

The Consumer Price Index for August 2022 is scheduled to be released on Tuesday, September 13, 2022, at 8:30 a.m. (ET).


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 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; Telecommunications Relay Service: 7-1-1.

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)
Item and Group

Indexes Percent change from-
May
2022
Jun.
2022
Jul.
2022
Jul.
2021
May
2022
Jun.
2022

Expenditure category

All Items

273.245 - 276.750 11.2 1.3 -

Food and beverages

270.625 - 277.519 7.2 2.5 -

Food

272.455 - 279.861 7.7 2.7 -

Food at home

287.173 293.278 297.740 9.3 3.7 1.5

Cereals and bakery products

295.339 - 313.297 11.8 6.1 -

Meats, poultry, fish, and eggs

308.029 - 321.034 12.2 4.2 -

Dairy and related products

271.616 - 265.174 9.0 -2.4 -

Fruits and vegetables

383.182 - 394.881 -0.2 3.1 -

Nonalcoholic beverages and beverage materials

207.063 - 208.477 1.8 0.7 -

Other food at home

220.611 - 234.508 15.2 6.3 -

Food away from home

253.651 - 257.230 5.5 1.4 -

Alcoholic beverages

232.185 - 232.643 1.0 0.2 -

Housing

281.770 - 289.964 13.8 2.9 -

Shelter

323.833 328.443 335.847 13.6 3.7 2.3

Rent of primary residence

332.053 336.768 343.866 14.9 3.6 2.1

Owners' equiv. rent of residences

338.482 342.652 348.860 12.6 3.1 1.8

Owners' equiv. rent of primary residence

338.482 342.652 348.860 12.6 3.1 1.8

Fuels and utilities

246.635 - 249.177 15.9 1.0 -

Household energy

196.837 197.010 199.584 20.0 1.4 1.3

Energy Services

193.359 193.555 196.119 19.7 1.4 1.3

Electricity

190.636 190.636 193.421 19.7 1.5 1.5

Utility (piped) gas service

251.636 259.460 252.728 18.8 0.4 -2.6

Household furnishings and operations

149.716 - 147.745 13.3 -1.3 -

Apparel

141.097 - 131.615 8.2 -6.7 -

Transportation

270.838 - 267.566 18.8 -1.2 -

Private transportation

276.956 - 278.442 18.7 0.5 -

New and used motor vehicles(1)

136.728 - 139.257 12.0 1.8 -

New vehicles

144.702 - 146.337 13.6 1.1 -

Used cars and trucks

196.870 - 201.968 6.1 2.6 -

Motor fuel

468.494 505.532 450.545 42.7 -3.8 -10.9

Gasoline (all types)

457.431 493.967 439.949 42.4 -3.8 -10.9

Unleaded regular(2)

444.911 480.775 426.780 43.0 -4.1 -11.2

Unleaded midgrade(2)(3)

451.022 485.948 440.948 40.7 -2.2 -9.3

Unleaded premium(2)

488.700 524.788 479.726 37.8 -1.8 -8.6

Medical Care

461.679 - 465.028 3.8 0.7 -

Recreation(1)

132.046 - 130.475 4.6 -1.2 -

Education and communication(1)

136.765 - 135.240 -0.5 -1.1 -

Tuition, other school fees, and child care

656.274 - 662.067 1.9 0.9 -

Other goods and services

332.107 - 338.686 - 2.0 -

Commodity and service group

All Items

273.245 - 276.750 11.2 1.3 -

Commodities

211.219 - 211.637 12.0 0.2 -

Commodities less food & beverages

179.925 - 177.641 15.5 -1.3 -

Nondurables less food & beverages

261.574 - 255.060 20.0 -2.5 -

Durables

112.255 - 112.235 11.4 0.0 -

Services

328.355 - 334.699 10.8 1.9 -

Special aggregate indexes

All items less medical care

263.069 - 266.579 11.9 1.3 -

All items less shelter

251.880 - 251.864 9.9 0.0 -

Commodities less food

182.996 - 180.783 14.8 -1.2 -

Nondurables

265.103 - 265.879 12.4 0.3 -

Nondurables less food

258.789 - 252.881 18.2 -2.3 -

Services less rent of shelter

326.755 - 326.114 7.2 -0.2 -

Services less medical care services

313.235 - 319.774 11.8 2.1 -

Energy

302.218 316.818 296.852 32.5 -1.8 -6.3

All items less energy

270.762 - 274.962 9.7 1.6 -

All items less food and energy

270.762 - 274.422 10.1 1.4 -

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.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

- Data not available.

 

Last Modified Date: Wednesday, August 10, 2022