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Friday, May 12, 2017

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Consumer Price Index, South Region – April 2017

Area prices up 0.2 percent over the month and 2.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged up 0.2 percent in April, the U.S. Bureau of Labor Statistics reported today. Over the month, the energy index rose 2.7 percent and the food index inched up 0.1 percent. The all items less food and energy index was unchanged in April. (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 2.0 percent since April 2016. The all items less food and energy index rose 1.6 percent over the last 12 months and the energy index advanced 10.1 percent. The food index edged up 0.2 percent over the past year. (See chart 1.)

Food

The food index inched up 0.1 percent in April, reflecting price increases for food at home and for food away from home, up 0.1 percent each over the month.

The food index edged up 0.2 percent over the year. A 1.9-percent increase in food away from home prices was largely offset by a 1.0-percent decline in food at home prices.

Energy

The energy index increased 2.7 percent in April, led by a 5.2-percent increase in motor fuel prices. Prices for electricity and utility (piped) gas service also advanced over-the-month, up 0.3 and 1.9 percent, respectively.

From April 2016—April 2017, energy prices advanced 10.1 percent, reflecting price increases for motor fuel (15.7 percent), electricity (3.7 percent), and utility (piped) gas service (17.6 percent).

All items less food and energy

The all items less food and energy index was unchanged in April. An increase in the shelter index (0.2 percent) was largely offset by declines in the medical care, and education and communication indexes, down 0.5 percent each over the month.

Since April 2016, the all items less food and energy index advanced 1.6 percent, as several indexes saw increases, most notably shelter (2.9 percent). Medical care, fueled by an increase in medical care services (4.7 percent), rose 4.1 percent. The education and communication index declined 4.0 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    

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 May 2017 is scheduled to be released on Wednesday, June 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-
Feb.
2017
Mar.
2017
Apr.
2017
Apr.
2016
Feb.
2017
Mar.
2017

Expenditure category

 
 

All Items

236.052 236.154 236.728 2.0 0.3 0.2

All items (December 1977=100)

382.908 383.075 384.006 - - -

Food and beverages

246.796 246.783 247.102 0.3 0.1 0.1

Food

248.056 247.977 248.291 0.2 0.1 0.1

Food at home

236.647 236.434 236.706 -1.0 0.0 0.1

Food away from home

267.916 268.034 268.415 1.9 0.2 0.1

Alcoholic beverages

228.805 229.795 230.191 1.5 0.6 0.2

Housing

229.355 229.760 230.099 2.8 0.3 0.1

Shelter

262.560 263.164 263.641 2.9 0.4 0.2

Rent of primary residence(1)

272.144 272.418 273.243 3.4 0.4 0.3

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

264.575 265.005 265.327 2.8 0.3 0.1

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

264.566 264.997 265.320 2.8 0.3 0.1

Fuels and utilities

231.397 230.947 231.872 4.9 0.2 0.4

Household energy

187.268 186.651 187.618 5.4 0.2 0.5

Energy services(1)

187.538 186.891 187.889 5.4 0.2 0.5

Electricity(1)

184.826 184.429 185.036 3.7 0.1 0.3

Utility (piped) gas service(1)

190.252 187.970 191.519 17.6 0.7 1.9

Household furnishings and operations

121.403 121.710 121.141 -0.1 -0.2 -0.5

Apparel

133.371 136.803 137.268 0.3 2.9 0.3

Transportation

200.134 200.798 203.409 4.4 1.6 1.3

Private transportation

198.310 198.933 201.411 4.6 1.6 1.2

New and used motor vehicles(3)

102.557 102.720 103.186 -1.1 0.6 0.5

New vehicles

155.457 155.007 155.629 0.8 0.1 0.4

New cars and trucks(3)(4)

105.899 105.597 105.986 0.8 0.1 0.4

New cars(4)

155.754 155.418 155.758 0.7 0.0 0.2

Used cars and trucks

138.625 140.126 141.427 -4.5 2.0 0.9

Motor fuel

194.500 194.889 205.030 15.7 5.4 5.2

Gasoline (all types)

193.474 193.873 204.113 15.7 5.5 5.3

Unleaded regular(4)

188.604 188.910 199.210 15.8 5.6 5.5

Unleaded midgrade(4)(5)

214.617 215.624 225.496 15.2 5.1 4.6

Unleaded premium(4)

214.032 214.939 223.891 14.6 4.6 4.2

Medical care

458.149 457.812 455.471 4.1 -0.6 -0.5

Medical care commodities

368.535 366.357 359.613 2.3 -2.4 -1.8

Medical care services

488.257 488.665 488.128 4.7 0.0 -0.1

Professional services

368.344 367.257 362.668 0.7 -1.5 -1.2

Recreation(3)

117.675 117.628 117.681 -0.6 0.0 0.0

Education and communication(3)

135.664 132.337 131.698 -4.0 -2.9 -0.5

Other goods and services

417.039 417.968 419.349 1.7 0.6 0.3
 

Commodity and service group

 
 

All Items

236.052 236.154 236.728 2.0 0.3 0.2

Commodities

180.946 181.296 182.288 1.1 0.7 0.5

Commodities less food and beverages

149.726 150.212 151.446 1.7 1.1 0.8

Nondurables less food and beverages

192.789 193.873 196.471 4.5 1.9 1.3

Nondurables less food, beverages, and apparel

229.755 229.600 233.415 5.9 1.6 1.7

Durables

109.289 109.310 109.477 -1.8 0.2 0.2

Services

291.485 291.350 291.525 2.6 0.0 0.1

Rent of shelter(2)

269.510 270.132 270.583 2.9 0.4 0.2

Transportation services

338.266 340.274 339.530 4.5 0.4 -0.2

Other services

340.022 335.946 335.266 -1.3 -1.4 -0.2
 

Special aggregate indexes

 
 

All items less medical care

223.978 224.100 224.805 1.9 0.4 0.3

All items less food

233.970 234.101 234.714 2.3 0.3 0.3

All items less shelter

226.767 226.663 227.281 1.7 0.2 0.3

Commodities less food

152.169 152.669 153.887 1.7 1.1 0.8

Nondurables

218.383 218.942 220.449 2.2 0.9 0.7

Nondurables less food

194.608 195.687 198.167 4.3 1.8 1.3

Nondurables less food and apparel

228.574 228.512 232.033 5.6 1.5 1.5

Services less rent of shelter(2)

328.239 327.135 326.966 2.3 -0.4 -0.1

Services less medical care services

273.929 273.760 273.980 2.4 0.0 0.1

Energy

186.545 186.386 191.389 10.1 2.6 2.7

All items less energy

242.363 242.495 242.583 1.4 0.1 0.0

All items less food and energy

241.776 241.945 241.993 1.6 0.1 0.0

Commodities less food and energy commodities

147.622 148.141 148.140 -0.7 0.4 0.0

Energy commodities

198.078 198.483 208.558 15.6 5.3 5.1

Services less energy services

302.444 302.368 302.449 2.4 0.0 0.0

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: Friday, May 12, 2017