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Tuesday, March 12, 2019

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Consumer Price Index, South Region – February 2019

Prices in the South up 0.5 percent over the month and 1.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South rose 0.5 percent in February, the U.S. Bureau of Labor Statistics reported today. The all items less food and energy index contributed to the increase, up 0.5 percent over the month. The energy index increased 1.8 percent and the food index edged up 0.3 percent in February. (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 1.1 percent over the year. Since February 2018, the all items less food and energy index advanced 1.8 percent and the food index rose 1.9 percent. The energy index declined 6.5 percent over the last 12 months. (See chart 1 and table 1.)

Food

The food index edged up 0.3 percent in February, reflecting over-the-month increases in the food away home index (0.6 percent) and the food at home index (0.1 percent).

The food index advanced 1.9 percent since February 2018, led by a 2.9-percent increase in the food away from home index. Over the year, the food at home index rose 1.1 percent.

Energy

The energy index increased 1.8 percent in February, reflecting a 4.1-percent increase in the gasoline index. In contrast, the utility (piped) gas service index declined in February (-1.9 percent), while the electricity index edged down 0.2 percent.

The energy index fell 6.5 percent from February 2018—February 2019, due in part to a 12.2-percent decline in the gasoline index. The utility (piped) gas service index also declined over the year, down 3.8 percent, while the electricity index edged up 0.3 percent.   

All items less food and energy

The index for all items less food and energy increased 0.5 percent in February, as several indexes had increases including shelter (0.4 percent), apparel (3.2 percent), and medical care (0.6 percent).

Since February 2018, the index for all items less food and energy advanced 1.8 percent. The shelter index contributed to the overall increase, up 3.0 percent over the year.  

Geographic divisions

Additional price indexes are now available for the three divisions of the South. Over the month, the all items CPI-U rose 0.6 percent in the East South Central and the South Atlantic divisions. The all items index in the West South Central division edged up 0.4 percent.  

Over the year, the all items index advanced 1.5 percent in the South Atlantic division. The all items index rose 0.7 percent in the East South Central and the West South Central divisions.

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2015 2016 2017 2018 2019
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

-0.7 -0.4 0.0 1.2 0.5 2.6 0.5 1.8 0.2 1.2

February

0.5 -0.3 0.1 0.7 0.2 2.8 0.6 2.1 0.5 1.1

March

0.6 -0.3 0.6 0.7 0.0 2.2 0.2 2.3

April

0.3 -0.6 0.4 0.9 0.2 2.0 0.4 2.4

May

0.4 -0.4 0.4 0.9 0.0 1.7 0.3 2.7

June

0.5 -0.1 0.4 0.8 0.2 1.5 0.2 2.7

July

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

August

-0.2 -0.2 0.1 1.0 0.4 1.9 -0.1 2.4

September

-0.2 -0.4 0.2 1.4 0.7 2.4 0.0 1.7

October

0.0 -0.1 0.1 1.5 -0.2 2.0 0.2 2.1

November

-0.2 0.3 -0.1 1.6 -0.1 2.1 -0.3 1.9

December

-0.4 0.5 0.1 2.0 -0.1 1.8 -0.5 1.5

The Consumer Price Index for March 2019 is scheduled to be released on Wednesday, April 10, 2019.


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-
Dec.
2018
Jan.
2019
Feb.
2019
Feb.
2018
Dec.
2018
Jan.
2019

Expenditure category

All Items

242.150 242.547 243.856 1.1 0.7 0.5

All items (December 1977=100)

392.801 393.445 395.568 - - -

Food and beverages

252.613 253.486 254.283 1.9 0.7 0.3

Food

253.875 254.780 255.522 1.9 0.6 0.3

Food at home

238.833 239.698 239.870 1.1 0.4 0.1

Cereal and bakery products

281.753 280.408 280.243 1.4 -0.5 -0.1

Meats, poultry, fish, and eggs

241.889 240.931 242.780 0.7 0.4 0.8

Dairy and related products

221.557 220.259 219.595 0.4 -0.9 -0.3

Fruits and vegetables

287.469 292.367 291.564 2.4 1.4 -0.3

Nonalcoholic beverages and beverage materials

166.687 170.030 169.935 2.6 1.9 -0.1

Other food at home

209.911 210.132 210.053 0.1 0.1 0.0

Food away from home

279.035 280.009 281.561 2.9 0.9 0.6

Alcoholic beverages

234.608 235.026 236.622 2.1 0.9 0.7

Housing

240.366 240.934 241.652 2.5 0.5 0.3

Shelter

276.993 277.768 278.981 3.0 0.7 0.4

Rent of primary residence

289.885 290.478 291.130 3.2 0.4 0.2

Owners' equiv. rent of residences(1)

279.342 279.750 280.541 2.9 0.4 0.3

Owners' equiv. rent of primary residence(1)

279.337 279.748 280.539 2.9 0.4 0.3

Fuels and utilities

239.326 238.277 237.582 0.3 -0.7 -0.3

Household energy

191.605 191.386 190.752 -0.4 -0.4 -0.3

Energy services

191.766 191.646 190.838 -0.3 -0.5 -0.4

Electricity

189.528 189.212 188.831 0.3 -0.4 -0.2

Utility (piped) gas service

190.832 192.081 188.382 -3.8 -1.3 -1.9

Household furnishings and operations

122.739 123.601 123.599 1.3 0.7 0.0

Apparel

129.644 131.748 136.017 1.4 4.9 3.2

Transportation

203.286 201.909 203.762 -2.5 0.2 0.9

Private transportation

202.276 201.044 202.641 -2.5 0.2 0.8

New and used motor vehicles(2)

101.725 102.294 101.980 0.4 0.3 -0.3

New vehicles

152.857 154.479 153.813 0.2 0.6 -0.4

New cars and trucks(2)(3)

104.081 105.169 104.712 0.3 0.6 -0.4

New cars(3)

152.708 154.309 153.515 0.5 0.5 -0.5

Used cars and trucks

139.665 140.439 140.815 1.4 0.8 0.3

Motor fuel

193.275 185.406 192.783 -12.0 -0.3 4.0

Gasoline (all types)

191.445 183.666 191.173 -12.2 -0.1 4.1

Unleaded regular(3)

185.923 178.216 185.794 -12.5 -0.1 4.3

Unleaded midgrade(3)(4)

217.180 209.302 215.812 -10.4 -0.6 3.1

Unleaded premium(3)

217.689 210.159 216.174 -9.4 -0.7 2.9

Motor vehicle insurance(5)

957.676 956.571 957.461 1.3 0.0 0.1

Medical care

463.428 465.889 468.571 0.8 1.1 0.6

Medical care commodities

355.052 358.356 358.403 -3.1 0.9 0.0

Medical care services

499.967 502.125 505.723 1.8 1.2 0.7

Professional services

364.120 365.034 367.656 1.3 1.0 0.7

Recreation(2)

119.452 120.317 121.102 2.6 1.4 0.7

Education and communication(2)

132.218 132.185 132.326 -0.1 0.1 0.1

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

1,326.980 1,321.563 1,324.361 1.6 -0.2 0.2

Other goods and services

427.225 427.738 430.303 1.4 0.7 0.6

Commodity and service group

All Items

242.150 242.547 243.856 1.1 0.7 0.5

Commodities

180.668 180.980 182.390 -0.5 1.0 0.8

Commodities less food and beverages

147.233 147.336 148.892 -1.9 1.1 1.1

Nondurables less food and beverages

189.494 188.328 192.111 -4.0 1.4 2.0

Nondurables less food, beverages, and apparel

226.703 223.809 227.466 -5.6 0.3 1.6

Durables

107.268 108.156 108.174 0.5 0.8 0.0

Services

304.088 304.570 305.752 2.2 0.5 0.4

Rent of shelter(1)

284.405 285.203 286.465 3.0 0.7 0.4

Transportation services

359.031 357.177 358.937 0.5 0.0 0.5

Other services

343.108 343.819 345.510 1.8 0.7 0.5

Special aggregate indexes

All items less medical care

230.069 230.363 231.598 1.2 0.7 0.5

All items less food

240.105 240.426 241.818 1.0 0.7 0.6

All items less shelter

229.578 229.833 231.182 0.3 0.7 0.6

Commodities less food

149.854 149.964 151.528 -1.8 1.1 1.0

Nondurables

219.277 219.045 221.468 -1.0 1.0 1.1

Nondurables less food

191.785 190.701 194.370 -3.6 1.3 1.9

Nondurables less food and apparel

226.216 223.593 227.072 -5.0 0.4 1.6

Services less rent of shelter(1)

338.331 338.448 339.573 1.4 0.4 0.3

Services less medical care services

286.383 286.733 287.719 2.3 0.5 0.3

Energy

187.659 183.724 187.002 -6.5 -0.4 1.8

All items less energy

249.057 249.946 251.036 1.8 0.8 0.4

All items less food and energy

248.628 249.515 250.666 1.8 0.8 0.5

Commodities less food and energy commodities

145.102 146.342 147.092 0.3 1.4 0.5

Energy commodities

197.057 189.095 196.619 -11.8 -0.2 4.0

Services less energy services

315.952 316.500 317.900 2.4 0.6 0.4

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, March 12, 2019