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Wednesday, November 14, 2018

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Consumer Price Index, South Region – October 2018

Prices in the South up 0.2 percent over the month and 2.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged up 0.2 percent in October, the U.S. Bureau of Labor Statistics reported today. The all items less food and energy index increased 0.3 percent over the month. The energy index edged up 0.2 percent, while the food index was unchanged in October. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes reflect the impact of seasonal influences.)

The all items CPI-U was up 2.1 percent since October 2017. The index for all items less food and energy increased 1.8 percent over the past year, and the energy index advanced 6.9 percent. The food index rose 0.8 percent over the year. (See chart 1 and table 1.)

Food

The food index was unchanged in October. Over the month, the food away from home index inched down 0.1 percent, while the food at home index was unchanged.

The food index rose 0.8 percent since October 2017, reflecting a 2.1-percent increase in the food away from home index. The food at home index edged down 0.2 percent over the year.

Energy

The energy index edged up 0.2 percent in October, led by increases in the motor fuel index (1.3 percent) and the utility (piped) gas service index (2.6 percent). In contrast, the electricity index declined 1.7 percent over the month.

From October 2017—October 2018, the energy index advanced 6.9 percent, reflecting a 14.2-percent increase in the motor fuel index. Over the year, the electricity and the utility (piped) gas service indexes declined, down 0.9 and 5.9 percent, respectively.

All items less food and energy

The index for all items less food and energy edged up 0.3 percent over the October pricing period, as increases were recorded for several indexes, most notably shelter (0.3 percent) and apparel (1.8 percent). In contrast, the recreation index declined 0.5 percent.

Since October 2017, the index for all items less food and energy advanced 1.8 percent. The shelter index contributed to the increase, up 2.7 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 0.2 2.7

July

-0.1 2.0 -0.1 -0.1 -0.2 0.7 -0.2 1.6 0.0 2.9

August

-0.2 1.7 -0.2 -0.2 0.1 1.0 0.4 1.9 -0.1 2.4

September

0.1 1.7 -0.2 -0.4 0.2 1.4 0.7 2.4 0.0 1.7

October

-0.3 1.6 0.0 -0.1 0.1 1.5 -0.2 2.0 0.2 2.1

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 November 2018 is scheduled to be released on Wednesday, December 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-
Aug.
2018
Sep.
2018
Oct.
2018
Oct.
2017
Aug.
2018
Sep.
2018

Expenditure category

All Items

243.605 243.640 244.163 2.1 0.2 0.2

All items (December 1977=100)

395.162 395.217 396.066 - - -

Food and beverages

251.033 251.273 251.239 0.9 0.1 0.0

Food

252.392 252.561 252.466 0.8 0.0 0.0

Food at home

238.259 238.207 238.189 -0.2 0.0 0.0

Cereal and bakery products

278.163 278.437 277.865 - -0.1 -0.2

Meats, poultry, fish, and eggs

245.112 243.757 242.710 - -1.0 -0.4

Dairy and related products

220.454 219.356 218.877 - -0.7 -0.2

Fruits and vegetables

285.149 285.400 285.141 - 0.0 -0.1

Nonalcoholic beverages and beverage materials

164.971 165.410 167.430 - 1.5 1.2

Other food at home

209.417 210.183 210.175 - 0.4 0.0

Food away from home

276.255 276.736 276.530 2.1 0.1 -0.1

Alcoholic beverages

231.616 232.890 233.744 1.0 0.9 0.4

Housing

238.681 238.627 238.989 2.2 0.1 0.2

Shelter

274.581 275.119 275.920 2.7 0.5 0.3

Rent of primary residence

286.803 287.498 288.276 3.2 0.5 0.3

Owners' equiv. rent of residences(1)

276.412 277.038 277.819 2.7 0.5 0.3

Owners' equiv. rent of primary residence(1)

276.411 277.040 277.817 2.7 0.5 0.3

Fuels and utilities

240.366 237.359 235.374 -0.3 -2.1 -0.8

Household energy

194.147 190.981 188.748 -1.4 -2.8 -1.2

Energy services

194.285 190.939 188.647 -1.5 -2.9 -1.2

Electricity

193.147 190.756 187.500 -0.9 -2.9 -1.7

Utility (piped) gas service

185.522 175.843 180.423 -5.9 -2.7 2.6

Household furnishings and operations

121.743 121.586 121.955 1.3 0.2 0.3

Apparel

130.556 135.366 137.831 0.8 5.6 1.8

Transportation

214.636 212.987 214.437 4.8 -0.1 0.7

Private transportation

213.977 212.282 213.524 5.1 -0.2 0.6

New and used motor vehicles(2)

102.724 100.958 101.108 0.8 -1.6 0.1

New vehicles

153.618 153.034 152.485 0.7 -0.7 -0.4

New cars and trucks(2)(3)

104.592 104.192 103.821 0.7 -0.7 -0.4

New cars(3)

153.097 152.510 152.092 1.4 -0.7 -0.3

Used cars and trucks

142.571 136.551 137.906 0.6 -3.3 1.0

Motor fuel

239.439 239.321 242.376 14.2 1.2 1.3

Gasoline (all types)

238.227 238.033 240.989 14.2 1.2 1.2

Unleaded regular(3)

232.867 232.641 235.688 14.5 1.2 1.3

Unleaded midgrade(3)(4)

261.109 261.688 263.006 12.6 0.7 0.5

Unleaded premium(3)

257.782 257.734 259.851 11.7 0.8 0.8

Motor vehicle insurance(5)

944.864 946.764 956.145 - 1.2 1.0

Medical care

462.520 462.251 461.815 1.0 -0.2 -0.1

Medical care commodities

365.796 364.106 360.565 -1.5 -1.4 -1.0

Medical care services

494.979 495.209 495.862 1.6 0.2 0.1

Professional services

364.929 363.837 363.710 0.8 -0.3 0.0

Recreation(2)

118.505 119.052 118.512 1.0 0.0 -0.5

Education and communication(2)

132.929 133.443 133.319 0.5 0.3 -0.1

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

1,315.132 1,322.891 1,327.097 - 0.9 0.3

Other goods and services

426.185 426.409 428.279 1.4 0.5 0.4

Commodity and service group

All Items

243.605 243.640 244.163 2.1 0.2 0.2

Commodities

185.429 185.240 185.781 1.9 0.2 0.3

Commodities less food and beverages

153.958 153.630 154.344 2.4 0.3 0.5

Nondurables less food and beverages

204.654 206.119 207.688 4.5 1.5 0.8

Nondurables less food, beverages, and apparel

249.725 249.511 250.669 5.7 0.4 0.5

Durables

108.093 106.672 106.785 0.0 -1.2 0.1

Services

302.003 302.274 302.771 2.3 0.3 0.2

Rent of shelter(1)

281.891 282.464 283.298 2.7 0.5 0.3

Transportation services

357.381 357.432 360.639 3.4 0.9 0.9

Other services

341.910 343.782 343.476 1.7 0.5 -0.1

Special aggregate indexes

All items less medical care

231.635 231.684 232.252 2.2 0.3 0.2

All items less food

241.994 242.009 242.623 2.3 0.3 0.3

All items less shelter

232.501 232.344 232.764 1.8 0.1 0.2

Commodities less food

156.398 156.104 156.824 2.3 0.3 0.5

Nondurables

226.792 227.699 228.536 2.7 0.8 0.4

Nondurables less food

206.004 207.459 208.991 4.3 1.4 0.7

Nondurables less food and apparel

247.111 247.013 248.142 5.4 0.4 0.5

Services less rent of shelter(1)

336.694 336.609 336.714 1.8 0.0 0.0

Services less medical care services

284.540 284.812 285.292 2.4 0.3 0.2

Energy

211.352 209.748 210.142 6.9 -0.6 0.2

All items less energy

248.001 248.221 248.760 1.7 0.3 0.2

All items less food and energy

247.642 247.871 248.518 1.8 0.4 0.3

Commodities less food and energy commodities

146.190 145.852 146.255 -0.1 0.0 0.3

Energy commodities

243.231 243.222 246.281 14.1 1.3 1.3

Services less energy services

313.364 314.033 314.836 2.5 0.5 0.3

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: Wednesday, November 14, 2018