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18-1015-ATL
Tuesday, June 12, 2018

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Consumer Price Index, South Region – May 2018

Prices in the South up 0.3 percent over the month and 2.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged up 0.3 percent in May, the U.S. Bureau of Labor Statistics reported today. The energy index advanced 3.1 percent over the pricing period. The index for all items less food and energy inched up 0.1 percent in May, while the food index was unchanged. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

The all items CPI-U was up 2.7 percent for the 12 months ending May. The index for all items less food and energy increased 2.2 percent over the past year, while the energy index advanced 10.9 percent and the food index rose 0.9 percent. (See chart 1.)

Food

The food index was unchanged in May. The food away from home index edged up 0.2 percent over the month, while the food at home index inched down 0.1 percent.

The food index rose 0.9 percent since May 2017, primarily due to an increase in the food away from home index (2.0 percent). The food at home index was unchanged over the year.

Energy

The energy index advanced 3.1 percent in May, led by a 5.3-percent increase in the motor fuel index. The indexes for electricity and utility (piped) gas service were also up over the pricing period, increasing 0.4 and 0.1 percent, respectively.

From May 2017—May 2018, the energy index advanced 10.9 percent, fueled by a 21.3-percent increase in the motor fuel index. Over the year, the electricity index rose 0.5 percent, while the index for utility (piped) gas service declined 3.2 percent.

All items less food and energy

In May 2018, the all items less food and energy index inched up 0.1 percent. The shelter index edged up 0.3 percent over the month.

Since May 2017, the index for all items less food and energy advanced 2.2 percent. The shelter index contributed to the increase, up 3.4 percent over the year.

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2014 2015 2016 2017 2018
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.3 1.7 -0.7 -0.4 0.0 1.2 0.5 2.6 0.5 1.8

February

0.4 1.2 0.5 -0.3 0.1 0.7 0.2 2.8 0.6 2.1

March

0.6 1.5 0.6 -0.3 0.6 0.7 0.0 2.2 0.2 2.3

April

0.5 2.3 0.3 -0.6 0.4 0.9 0.2 2.0 0.4 2.4

May

0.2 2.4 0.4 -0.4 0.4 0.9 0.0 1.7 0.3 2.7

June

0.2 2.3 0.5 -0.1 0.4 0.8 0.2 1.5

July

-0.1 2.0 -0.1 -0.1 -0.2 0.7 -0.2 1.6

August

-0.2 1.7 -0.2 -0.2 0.1 1.0 0.4 1.9

September

0.1 1.7 -0.2 -0.4 0.2 1.4 0.7 2.4

October

-0.3 1.6 0.0 -0.1 0.1 1.5 -0.2 2.0

November

-0.6 1.3 -0.2 0.3 -0.1 1.6 -0.1 2.1

December

-0.6 0.6 -0.4 0.5 0.1 2.0 -0.1 1.8

The Consumer Price Index for June 2018 is scheduled to be released on Thursday, July 12, 2018.


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 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 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
South (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Mar.
2018
Apr.
2018
May
2018
May
2017
Mar.
2018
Apr.
2018

Expenditure category

All Items

241.595 242.486 243.279 2.7 0.7 0.3

All items (December 1977=100)

391.900 393.346 394.632 - - -

Food and beverages

249.324 249.847 249.818 0.9 0.2 0.0

Food

250.519 251.061 251.137 0.9 0.2 0.0

Food at home

236.789 237.670 237.315 0.0 0.2 -0.1

Cereal and bakery products

275.995 275.534 276.967 - 0.4 0.5

Meats, poultry, fish, and eggs

243.739 245.420 244.319 - 0.2 -0.4

Dairy and related products

218.319 219.597 217.733 - -0.3 -0.8

Fruits and vegetables

278.388 283.841 283.071 - 1.7 -0.3

Nonalcoholic beverages and beverage materials

166.521 164.696 165.041 - -0.9 0.2

Other food at home

209.307 209.267 209.161 - -0.1 -0.1

Food away from home

273.787 273.864 274.544 2.0 0.3 0.2

Alcoholic beverages

232.296 232.539 230.980 0.9 -0.6 -0.7

Housing

236.083 236.578 237.125 2.8 0.4 0.2

Shelter

271.742 272.593 273.314 3.4 0.6 0.3

Rent of primary residence(1)

282.695 283.436 284.241 3.7 0.5 0.3

Owners' equiv. rent of residences(1)(2)

273.398 273.932 274.489 3.3 0.4 0.2

Owners' equiv. rent of primary residence(1)(2)

273.392 273.930 274.487 3.3 0.4 0.2

Fuels and utilities

235.111 233.867 234.703 1.0 -0.2 0.4

Household energy

189.594 187.920 188.647 0.2 -0.5 0.4

Energy services(1)

189.503 187.826 188.588 0.0 -0.5 0.4

Electricity(1)

186.537 185.473 186.306 0.5 -0.1 0.4

Utility (piped) gas service(1)

193.767 187.999 188.205 -3.2 -2.9 0.1

Household furnishings and operations

121.505 121.904 121.732 0.6 0.2 -0.1

Apparel

140.171 140.976 140.367 3.7 0.1 -0.4

Transportation

208.913 211.814 214.664 6.0 2.8 1.3

Private transportation

207.547 210.348 213.323 6.5 2.8 1.4

New and used motor vehicles(3)

102.107 101.593 101.455 -1.2 -0.6 -0.1

New vehicles

153.371 152.427 152.468 -1.4 -0.6 0.0

New cars and trucks(3)(4)

104.409 103.772 103.804 -1.4 -0.6 0.0

New cars(4)

152.811 152.118 151.953 -1.3 -0.6 -0.1

Used cars and trucks

140.919 140.400 139.882 -1.2 -0.7 -0.4

Motor fuel

216.548 230.326 242.557 21.3 12.0 5.3

Gasoline (all types)

215.297 229.172 241.430 21.3 12.1 5.3

Unleaded regular(4)

209.963 223.938 236.131 21.8 12.5 5.4

Unleaded midgrade(4)(5)

238.916 251.781 263.865 19.3 10.4 4.8

Unleaded premium(4)

237.098 248.606 260.125 18.1 9.7 4.6

Motor vehicle insurance(6)

941.693 939.811 941.433 - 0.0 0.2

Medical care

465.888 465.488 465.132 2.1 -0.2 -0.1

Medical care commodities

370.807 368.457 368.873 2.6 -0.5 0.1

Medical care services

497.762 498.045 497.420 1.9 -0.1 -0.1

Professional services

366.287 366.838 365.871 0.8 -0.1 -0.3

Recreation(3)

118.209 117.716 117.420 -0.4 -0.7 -0.3

Education and communication(3)

132.027 131.891 132.270 0.5 0.2 0.3

Tuition, other school fees, and child care(6)

1,295.109 1,295.353 1,296.707 - 0.1 0.1

Other goods and services

424.111 426.734 427.174 1.9 0.7 0.1

Commodity and service group

All Items

241.595 242.486 243.279 2.7 0.7 0.3

Commodities

183.844 185.243 186.230 2.6 1.3 0.5

Commodities less food and beverages

152.491 154.126 155.417 3.5 1.9 0.8

Nondurables less food and beverages

201.351 205.715 209.294 7.8 3.9 1.7

Nondurables less food, beverages, and apparel

239.640 245.988 251.849 9.1 5.1 2.4

Durables

107.910 107.686 107.426 -1.4 -0.4 -0.2

Services

299.569 299.906 300.481 2.8 0.3 0.2

Rent of shelter(2)

279.027 279.908 280.587 3.4 0.6 0.2

Transportation services

357.797 358.752 359.265 4.9 0.4 0.1

Other services

339.283 338.671 339.160 1.0 0.0 0.1

Special aggregate indexes

All items less medical care

229.368 230.319 231.165 2.8 0.8 0.4

All items less food

239.966 240.908 241.806 3.0 0.8 0.4

All items less shelter

230.799 231.707 232.530 2.4 0.8 0.4

Commodities less food

154.971 156.584 157.819 3.4 1.8 0.8

Nondurables

224.210 226.824 228.756 4.2 2.0 0.9

Nondurables less food

202.908 207.058 210.371 7.4 3.7 1.6

Nondurables less food and apparel

237.909 243.753 249.011 8.5 4.7 2.2

Services less rent of shelter(2)

334.698 334.388 334.857 2.1 0.0 0.1

Services less medical care services

281.726 282.064 282.726 2.9 0.4 0.2

Energy

197.996 203.877 210.180 10.9 6.2 3.1

All items less energy

247.268 247.597 247.769 2.0 0.2 0.1

All items less food and energy

247.101 247.394 247.583 2.2 0.2 0.1

Commodities less food and energy commodities

147.722 147.662 147.381 0.0 -0.2 -0.2

Energy commodities

220.499 234.222 246.418 21.2 11.8 5.2

Services less energy services

311.193 311.751 312.305 3.0 0.4 0.2

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) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) 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.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: Tuesday, June 12, 2018