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News Release Information

24-250-ATL
Tuesday, February 13, 2024

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

Consumer Price Index, South Region — January 2024

Prices in the South up 0.6 percent in January and 3.4 percent over the past year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South rose 0.6 percent in January, the U.S. Bureau of Labor Statistics reported today. (See table A.) The shelter index continued to rise in January and was a major contributor to the monthly all items increase. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes reflect the impact of seasonal influences.)

The all items CPI-U for the South increased 3.4 percent for the 12 months ending in January, after increasing 3.7 percent for the 12-month period ending in December. (See chart 1 and table A.) The index for all items less and food and energy advanced 4.3 percent over the past 12 months. The food index continued to increase, up 2.5 percent over the past year. In contrast, the energy index declined 3.8 percent over the last 12 months. (See table 1.)


Food

The food index rose 0.2 percent in January, reflecting increases in the indexes for food at home (+0.2 percent) and food away from home (+0.3 percent). Within the food at home index, 4 of the 6 major grocery store food group indexes increased over the month, most notable, the index for nonalcoholic beverages and beverage materials (+1.1 percent). The index for meats, poultry, fish, and eggs declined 0.5 percent in January, while the index for other food at home was unchanged over the month.

The food index advanced 2.5 percent for the 12 months ending in January, led by a 5.3-percent increase in the food away from home index. The index for food at home increased 0.9 percent over the year. Four of the six major grocery store food group indexes increased over the past 12 months including other food at home (+2.8 percent) and nonalcoholic beverages and beverage materials (+3.0 percent). In contrast, the index for meats, poultry, fish, and eggs fell 1.8 percent over the past year.

Energy

The energy index rose 0.6 percent in January as increases were noted for the electricity (+0.7 percent), gasoline (+0.5 percent), and natural gas (+2.1 percent) indexes.

The energy index fell 3.8 percent for the 12 months ending in January, led by a 7.9-percent decline in the gasoline index. The natural gas index also declined over the past year, down 10.1 percent, while the index for electricity rose 2.5 percent over the last 12 months.

All items less food and energy

The index for all items less food and energy rose 0.6 percent in January. The shelter index rose 0.8 percent over the month, led by a 0.6-percent increase in the owners’ equivalent rent index; the index for rent of primary residence rose 0.5 percent over the month. Medical care services (+1.6 percent) and recreation (+1.2 percent) were among the indexes to increase from December to January. In contrast, the index for used cars and trucks declined 3.7 percent over the month.

The index for all items less food and energy advanced 4.3 percent for the 12 months ending in January, after increasing 4.2 percent for the 12-month period ending in December. The increase was largely contributed to an increase in the shelter (+6.7 percent) index. The index for owners’ equivalent rent increased 6.8 percent over the past year while the index for rent of primary residence rose 7.1 percent.

Geographic divisions

Additional price indexes are now available for the three divisions of the South. In January, the all items index increased 0.7 percent in the East South Central division, 0.6 percent in the West South Central division, and 0.5 percent in the South Atlantic division.  

Over the year, the all items index increased 3.6 percent in the East South Central division, 3.5 percent in the South Atlantic division, and 3.2 percent in the West South Central division.

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.3 2.3 0.5 1.6 0.9 7.8 0.8 6.9 0.6 3.4

February

0.2 1.9 0.5 2.0 1.1 8.4 0.6 6.4

March

-0.1 1.1 0.8 2.9 1.4 9.1 0.4 5.3

April

-0.8 -0.2 0.7 4.4 0.5 8.8 0.7 5.5

May

-0.2 -0.4 0.8 5.6 1.2 9.2 0.2 4.4

June

0.6 0.3 0.9 5.8 1.5 9.8 0.3 3.3

July

0.6 0.6 0.5 5.8 0.1 9.4 0.2 3.4

August

0.4 1.1 0.3 5.6 -0.2 8.9 0.6 4.1

September

0.2 1.3 0.3 5.8 0.2 8.7 0.2 4.2

October

0.1 1.3 1.0 6.6 0.4 8.1 -0.1 3.7

November

-0.1 1.2 0.4 7.2 0.1 7.7 -0.2 3.4

December

0.2 1.4 0.3 7.4 -0.3 7.0 -0.1 3.7

The Consumer Price Index for February 2024 is scheduled to be released on Tuesday, March 12, 2024, at 8:30 a.m. (ET).


Technical Note

The Consumer Price Index for the South region is published monthly. 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, 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 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 individuals with sensory impairments 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
South (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Nov.
2023
Dec.
2023
Jan.
2024
Jan.
2023
Nov.
2023
Dec.
2023

Expenditure category

All Items

298.930 298.754 300.421 3.4 0.5 0.6

All items (December 1977=100)

484.906 484.621 487.325 - - -

Food and beverages

318.330 318.261 318.939 2.4 0.2 0.2

Food

322.141 322.047 322.783 2.5 0.2 0.2

Food at home

301.817 301.283 301.893 0.9 0.0 0.2

Cereal and bakery products

363.812 361.553 362.382 1.0 -0.4 0.2

Meats, poultry, fish, and eggs

314.976 314.436 312.900 -1.8 -0.7 -0.5

Dairy and related products

267.261 267.504 269.656 -0.9 0.9 0.8

Fruits and vegetables

332.602 332.370 333.905 0.5 0.4 0.5

Nonalcoholic beverages and beverage materials

214.123 214.046 216.373 3.0 1.1 1.1

Other food at home

271.896 271.398 271.317 2.8 -0.2 0.0

Food away from home

356.306 357.099 358.053 5.3 0.5 0.3

Alcoholic beverages

265.207 265.499 265.407 1.5 0.1 0.0

Housing

304.643 305.736 308.134 5.4 1.1 0.8

Shelter

355.429 356.550 359.429 6.7 1.1 0.8

Rent of primary residence

381.555 383.455 385.215 7.1 1.0 0.5

Owners' equiv. rent of residences(1)

358.099 359.642 361.901 6.8 1.1 0.6

Owners' equiv. rent of primary residence(1)

358.076 359.626 361.882 6.8 1.1 0.6

Fuels and utilities

293.325 296.959 299.781 1.6 2.2 1.0

Household energy

238.702 242.513 244.578 0.4 2.5 0.9

Energy services

238.414 242.361 244.481 0.6 2.5 0.9

Electricity

234.091 238.439 240.057 2.5 2.5 0.7

Utility (piped) gas service

247.476 248.447 253.767 -10.1 2.5 2.1

Household furnishings and operations

147.684 147.449 148.074 0.4 0.3 0.4

Apparel

139.931 136.490 136.842 0.8 -2.2 0.3

Transportation

267.438 264.898 264.909 2.0 -0.9 0.0

Private transportation

269.781 267.562 267.626 2.3 -0.8 0.0

New and used motor vehicles(2)

128.848 128.090 126.067 -1.3 -2.2 -1.6

New vehicles

186.570 186.222 186.403 0.6 -0.1 0.1

New cars and trucks(2)(3)

- - - - - -

New cars(3)

184.632 184.198 184.565 0.4 0.0 0.2

Used cars and trucks

186.278 186.322 179.336 -3.7 -3.7 -3.7

Motor fuel

265.995 255.895 257.049 -8.2 -3.4 0.5

Gasoline (all types)

263.630 253.841 255.170 -7.9 -3.2 0.5

Unleaded regular(3)

256.543 246.747 248.093 -8.3 -3.3 0.5

Unleaded midgrade(3)(4)

299.905 290.191 291.515 -5.7 -2.8 0.5

Unleaded premium(3)

295.158 286.452 287.589 -4.9 -2.6 0.4

Medical care

521.291 523.349 528.189 1.3 1.3 0.9

Medical care commodities

385.184 386.927 379.267 2.1 -1.5 -2.0

Medical care services

566.613 568.765 577.887 1.0 2.0 1.6

Professional services

392.874 392.457 397.262 1.1 1.1 1.2

Recreation(2)

136.730 136.841 138.484 3.1 1.3 1.2

Education and communication(2)

140.164 140.071 140.243 0.0 0.1 0.1

Tuition, other school fees, and child care(5)

1,488.325 1,488.507 1,500.530 3.7 0.8 0.8

Other goods and services

519.918 518.206 523.131 3.8 0.6 1.0

Commodity and service group

All Items

298.930 298.754 300.421 3.4 0.5 0.6

Commodities

219.908 218.669 218.482 -0.1 -0.6 -0.1

Commodities less food and beverages

176.084 174.562 174.085 -1.5 -1.1 -0.3

Nondurables less food and beverages

227.126 223.443 224.052 -1.6 -1.4 0.3

Nondurables less food, beverages, and apparel

279.950 276.045 276.810 -2.2 -1.1 0.3

Durables

128.472 128.134 127.053 -1.6 -1.1 -0.8

Services

378.713 379.704 383.227 5.7 1.2 0.9

Rent of shelter(1)

366.045 367.209 370.215 6.7 1.1 0.8

Transportation services

482.135 478.494 484.659 13.0 0.5 1.3

Other services

391.863 392.642 395.721 3.2 1.0 0.8

Special aggregate indexes

All items less medical care

286.495 286.216 287.721 3.6 0.4 0.5

All items less food

295.157 294.971 296.765 3.6 0.5 0.6

All items less shelter

277.922 277.213 278.367 1.8 0.2 0.4

Commodities less food

178.799 177.303 176.833 -1.4 -1.1 -0.3

Nondurables

270.107 268.133 268.776 0.6 -0.5 0.2

Nondurables less food

228.930 225.463 226.031 -1.4 -1.3 0.3

Nondurables less food and apparel

277.179 273.635 274.321 -1.9 -1.0 0.3

Services less rent of shelter(1)

405.960 406.734 411.080 4.6 1.3 1.1

Services less medical care services

360.854 361.749 364.827 6.3 1.1 0.9

Energy

246.262 243.798 245.378 -3.8 -0.4 0.6

All items less energy

305.861 305.894 307.580 4.0 0.6 0.6

All items less food and energy

303.632 303.685 305.521 4.3 0.6 0.6

Commodities less food and energy commodities

168.504 167.835 167.162 -0.4 -0.8 -0.4

Energy commodities

271.238 261.119 262.271 -8.1 -3.3 0.4

Services less energy services

393.506 394.204 397.874 6.1 1.1 0.9

Footnotes
(1) Indexes on a December 1982=100 base.
(2) Indexes on a December 1997=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1977=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.

 

Last Modified Date: Tuesday, February 13, 2024