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17-103-ATL
Wednesday, January 18, 2017

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Consumer Price Index for Tampa-St. Petersburg-Clearwater – Second Half 2016

Local prices up 1.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Tampa-St. Petersburg-Clearwater area rose 1.8 percent from the second half of 2015 to the second half of 2016, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the all items less food and energy index was 2.9 percent higher compared to its second half 2015 level as price increases were noted for several categories, most notably shelter. Energy prices fell 4.1 percent over the year and food prices declined 1.0 percent. (See chart 1.)

Food

Food prices declined 1.0 percent since the second half of 2015, led by a 2.1 percent decline in prices for food at home. Prices for food away from home rose 0.7 percent over-the-year.

Energy

The energy index fell 4.1 percent from the second half of 2015 to the second half of 2016, reflecting declines in the electrictity (-4.5 percent), motor fuel (-4.1 percent), and utility (piped) gas service (-8.1 percent) indexes.

All items less food and energy

The index for all items less food and energy increased 2.9 percent since the second half of 2015. Several components contributed to the increase, most notably—shelter (3.9 percent).

The Consumer Price Index for January 2017 is scheduled to be released on Wednesday, February 15, 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 4,000 housing units and approximately 26,000 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, Fla. metropolitan statistical area covered in this release is comprised of Hernando, Hillsborough, Pasco, and Pinellas Counties in Florida.

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 for semiannual averages and percent changes for selected periods
Tampa-St. Petersburg-Clearwater, FL (1987=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to 2nd half 2016 from-
2nd half
2015
1st half
2016
2nd half
2016
2nd half
2015
1st half
2016

Expenditure category

 
 

All Items

211.699 212.502 215.572 1.8 1.4

Food and beverages

220.932 220.124 218.520 -1.1 -0.7

Food

220.984 220.247 218.701 -1.0 -0.7

Food at home

226.422 224.327 221.633 -2.1 -1.2

Food away from home

212.819 214.118 214.258 0.7 0.1

Alcoholic beverages

206.233 204.516 202.079 -2.0 -1.2

Housing

203.529 205.341 209.174 2.8 1.9

Shelter

227.835 230.983 236.797 3.9 2.5

Rent of primary residence(1)

228.878 231.791 240.583 5.1 3.8

Owners' equiv. rent of residences(1)

239.792 242.531 249.076 3.9 2.7

Owners' equiv. rent of primary residence(1)

239.792 242.531 249.076 3.9 2.7

Fuels and utilities

212.273 205.459 205.253 -3.3 -0.1

Household energy

171.464 163.804 163.559 -4.6 -0.1

Energy services(1)

169.242 161.716 161.356 -4.7 -0.2

Electricity(1)

166.029 158.485 158.557 -4.5 0.0

Utility (piped) gas service(1)

260.101 253.075 238.949 -8.1 -5.6

Household furnishings and operations

112.021 113.654 112.303 0.3 -1.2

Apparel

166.111 167.709 163.256 -1.7 -2.7

Transportation

185.070 183.226 185.371 0.2 1.2

Private transportation

188.856 186.345 189.100 0.1 1.5

Motor fuel

242.147 220.075 232.185 -4.1 5.5

Gasoline (all types)

237.552 216.235 227.879 -4.1 5.4

Unleaded regular(2)

231.290 209.456 220.766 -4.6 5.4

Unleaded midgrade(2)(3)

214.245 197.627 212.346 -0.9 7.4

Unleaded premium(2)

253.542 233.336 250.500 -1.2 7.4

Medical Care

370.869 (R)373.163 - - -

Recreation(4)

123.943 124.807 122.998 -0.8 -1.4

Education and communication(4)

140.190 142.030 142.254 1.5 0.2

Other goods and services

294.129 293.524 294.320 0.1 0.3
 

Commodity and service group

 
 

All Items

211.699 212.502 215.572 1.8 1.4

Commodities

172.569 (R)171.519 170.376 -1.3 (R)-0.7

Commodities less food & beverages

147.052 145.893 144.989 -1.4 -0.6

Nondurables less food & beverages

212.972 (R)209.373 209.102 -1.8 (R)-0.1

Durables

91.279 91.874 90.686 -0.6 -1.3

Services

246.472 248.841 255.699 3.7 2.8
 

Special aggregate indexes

 
 

All items less medical care

203.150 203.891 205.431 1.1 0.8

All items less shelter

205.661 205.409 207.261 0.8 0.9

Commodities less food

150.250 (R)149.068 148.111 -1.4 (R)-0.6

Nondurables

216.512 214.382 213.386 -1.4 -0.5

Nondurables less food

212.595 209.126 208.712 -1.8 -0.2

Services less rent of shelter

266.335 267.538 275.580 3.5 3.0

Services less medical care services

234.655 237.400 241.521 2.9 1.7

Energy

197.935 185.072 189.853 -4.1 2.6

All items less energy

212.560 214.506 217.436 2.3 1.4

All items less food and energy

211.247 213.692 217.478 2.9 1.8

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) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.
(4) Indexes on a December 1997=100 base.
(R) Revised
 

NOTE: Data not seasonally adjusted.
 

 

Last Modified Date: Wednesday, January 18, 2017