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Wednesday, June 14, 2017

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Consumer Price Index, South Region – May 2017

Area prices unchanged over the month; up 1.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South was unchanged in May, the U.S. Bureau of Labor Statistics reported today. Over the month, the all items less food and energy index inched up 0.1 percent and the food index edged up 0.3 percent. The energy index declined 1.0 percent in May. (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 increased 1.7 percent since May 2016. The all items less food and energy index rose 1.5 percent over the last 12 months and the energy index advanced 4.7 percent. The food index increased 0.7 percent over the past year. (See chart 1.)

Food

The food index edged up 0.3 percent in May, reflecting price increases for food away from home and for food at home, up 0.3 and 0.2 percent, respectively.

The food index increased 0.7 percent over the year. A 2.1-percent increase in the food away from home index was partially offset by a 0.3-percent decline in the food at home index.

Energy

The energy index declined 1.0 percent in May, led by a 2.5-percent decrease in motor fuel prices. Prices for utility (piped) gas service and for electricity increased over-the-month, up 1.5 and 0.2 percent, respectively.

From May 2016—May 2017, energy prices rose 4.7 percent, reflecting price increases for motor fuel (5.0 percent), utility (piped) gas service (18.9 percent), and electricity (2.4 percent).

All items less food and energy

The all items less food and energy index inched up 0.1 percent in May. Increases in the shelter and recreation indexes—up 0.3 and 0.2 percent, respectively—were largely offset by declines in the apparel index (-1.4 percent) and the education and communication index (-0.1 percent).

Since May 2016, the all items less food and energy index rose 1.5 percent, as several indexes saw increases, most notably shelter (2.8 percent). Medical care, fueled by an 4.5-percent increase in medical care services, advanced 4.2 percent. The education and communication index declined 3.8 percent over the year.

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2013 2014 2015 2016 2017
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 1.6 0.3 1.7 -0.7 -0.4 0.0 1.2 0.5 2.6

February

0.9 1.8 0.4 1.2 0.5 -0.3 0.1 0.7 0.2 2.8

March

0.3 1.5 0.6 1.5 0.6 -0.3 0.6 0.7 0.0 2.2

April

-0.2 0.9 0.5 2.3 0.3 -0.6 0.4 0.9 0.2 2.0

May

0.0 1.3 0.2 2.4 0.4 -0.4 0.4 0.9 0.0 1.7

June

0.4 1.9 0.2 2.3 0.5 -0.1 0.4 0.8    

July

0.2 2.2 -0.1 2.0 -0.1 -0.1 -0.2 0.7    

August

0.1 1.7 -0.2 1.7 -0.2 -0.2 0.1 1.0    

September

0.0 1.3 0.1 1.7 -0.2 -0.4 0.2 1.4    

October

-0.2 1.3 -0.3 1.6 0.0 -0.1 0.1 1.5    

November

-0.3 1.5 -0.6 1.3 -0.2 0.3 -0.1 1.6    

December

0.1 1.8 -0.6 0.6 -0.4 0.5 0.1 2.0    

The Consumer Price Index for June 2017 is scheduled to be released on Friday, July 14, 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 6,000 housing units and approximately 24,000 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 https://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.
2017
Apr.
2017
May
2017
May
2016
Mar.
2017
Apr.
2017

Expenditure category

 
 

All Items

236.154 236.728 236.774 1.7 0.3 0.0

All items (December 1977=100)

383.075 384.006 384.080 - - -

Food and beverages

246.783 247.102 247.668 0.7 0.4 0.2

Food

247.977 248.291 248.979 0.7 0.4 0.3

Food at home

236.434 236.706 237.274 -0.3 0.4 0.2

Food away from home

268.034 268.415 269.289 2.1 0.5 0.3

Alcoholic beverages

229.795 230.191 228.905 0.2 -0.4 -0.6

Housing

229.760 230.099 230.654 2.7 0.4 0.2

Shelter

263.164 263.641 264.371 2.8 0.5 0.3

Rent of primary residence(1)

272.418 273.243 274.189 3.5 0.7 0.3

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

265.005 265.327 265.809 2.7 0.3 0.2

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

264.997 265.320 265.802 2.7 0.3 0.2

Fuels and utilities

230.947 231.872 232.475 4.1 0.7 0.3

Household energy

186.651 187.618 188.267 4.4 0.9 0.3

Energy services(1)

186.891 187.889 188.610 4.4 0.9 0.4

Electricity(1)

184.429 185.036 185.436 2.4 0.5 0.2

Utility (piped) gas service(1)

187.970 191.519 194.346 18.9 3.4 1.5

Household furnishings and operations

121.710 121.141 121.058 0.1 -0.5 -0.1

Apparel

136.803 137.268 135.390 -0.9 -1.0 -1.4

Transportation

200.798 203.409 202.445 2.1 0.8 -0.5

Private transportation

198.933 201.411 200.230 2.3 0.7 -0.6

New and used motor vehicles(3)

102.720 103.186 102.733 -1.2 0.0 -0.4

New vehicles

155.007 155.629 154.601 0.4 -0.3 -0.7

New cars and trucks(3)(4)

105.597 105.986 105.268 0.4 -0.3 -0.7

New cars(4)

155.418 155.758 154.023 -0.1 -0.9 -1.1

Used cars and trucks

140.126 141.427 141.631 -4.1 1.1 0.1

Motor fuel

194.889 205.030 199.909 5.0 2.6 -2.5

Gasoline (all types)

193.873 204.113 198.966 4.9 2.6 -2.5

Unleaded regular(4)

188.910 199.210 193.893 4.7 2.6 -2.7

Unleaded midgrade(4)(5)

215.624 225.496 221.109 5.9 2.5 -1.9

Unleaded premium(4)

214.939 223.891 220.350 6.5 2.5 -1.6

Medical care

457.812 455.471 455.545 4.2 -0.5 0.0

Medical care commodities

366.357 359.613 359.628 3.3 -1.8 0.0

Medical care services

488.665 488.128 488.225 4.5 -0.1 0.0

Professional services

367.257 362.668 362.842 0.3 -1.2 0.0

Recreation(3)

117.628 117.681 117.944 -0.4 0.3 0.2

Education and communication(3)

132.337 131.698 131.549 -3.8 -0.6 -0.1

Other goods and services

417.968 419.349 419.213 1.1 0.3 0.0
 

Commodity and service group

 
 

All Items

236.154 236.728 236.774 1.7 0.3 0.0

Commodities

181.296 182.288 181.519 0.3 0.1 -0.4

Commodities less food and beverages

150.212 151.446 150.164 0.1 0.0 -0.8

Nondurables less food and beverages

193.873 196.471 194.190 1.6 0.2 -1.2

Nondurables less food, beverages, and apparel

229.600 233.415 230.858 2.4 0.5 -1.1

Durables

109.310 109.477 109.000 -1.7 -0.3 -0.4

Services

291.350 291.525 292.359 2.5 0.3 0.3

Rent of shelter(2)

270.132 270.583 271.335 2.8 0.4 0.3

Transportation services

340.274 339.530 342.363 4.2 0.6 0.8

Other services

335.946 335.266 335.769 -1.3 -0.1 0.2
 

Special aggregate indexes

 
 

All items less medical care

224.100 224.805 224.849 1.4 0.3 0.0

All items less food

234.101 234.714 234.661 1.8 0.2 0.0

All items less shelter

226.663 227.281 227.044 1.1 0.2 -0.1

Commodities less food

152.669 153.887 152.600 0.1 0.0 -0.8

Nondurables

218.942 220.449 219.530 1.1 0.3 -0.4

Nondurables less food

195.687 198.167 195.940 1.5 0.1 -1.1

Nondurables less food and apparel

228.512 232.033 229.591 2.2 0.5 -1.1

Services less rent of shelter(2)

327.135 326.966 327.927 2.1 0.2 0.3

Services less medical care services

273.760 273.980 274.850 2.2 0.4 0.3

Energy

186.386 191.389 189.473 4.7 1.7 -1.0

All items less energy

242.495 242.583 242.845 1.4 0.1 0.1

All items less food and energy

241.945 241.993 242.182 1.5 0.1 0.1

Commodities less food and energy commodities

148.141 148.140 147.377 -0.8 -0.5 -0.5

Energy commodities

198.483 208.558 203.397 5.1 2.5 -2.5

Services less energy services

302.368 302.449 303.293 2.3 0.3 0.3

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) Index is 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.
 

- 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: Wednesday, June 14, 2017