News Release Information

17-241-ATL
Wednesday, February 15, 2017

Contacts

Technical information:
Media contact:
  • (404) 893-4220

Consumer Price Index, South Region – January 2017

Regional prices up 0.5 percent over the month and 2.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South rose 0.5 percent in January, the U.S. Bureau of Labor Statistics reported today. The all items less food and energy index edged up 0.3 percent the over the month. The energy index increased 3.2 percent and the food index rose 0.4 percent in January. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the all items CPI-U advanced 2.6 percent. The all items less food and energy index increased 2.2 percent over the year reflecting price increases for shelter and medical care. (See chart 1.)

Food

The food index increased 0.4 percent in January, as prices for food at home and for food away from home rose 0.4 percent each over the month.

The food index inched up 0.1 percent over the year. The food away from home index increased 2.0 percent since January 2016, while the food at home index declined 1.4 percent.

Energy

The energy index increased 3.2 percent in January, led by a 5.0-percent increase in motor fuel prices. Prices for electricity and utility (piped) gas service also advanced over-the-month, up 1.4 and 2.7 percent, respectively.

From January 2016—January 2017, energy prices advanced 12.3 percent, reflecting a 25.5-percent increase for motor fuel prices. Prices for utility (piped) gas service and electricity also increased, up 12.6 and 1.2 percent, respectively.

All items less food and energy

The all items less food and energy index edged up 0.3 percent in January. Shelter prices, up 0.3 percent, and a rise in medical care prices (0.7 percent) contributed to the increase.

Since January 2016, the all items less food and energy index advanced 2.2 percent—led by price increases in shelter (2.8 percent) and medical care (4.4 percent).

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    

March

0.3 1.5 0.6 1.5 0.6 -0.3 0.6 0.7    

April

-0.2 0.9 0.5 2.3 0.3 -0.6 0.4 0.9    

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 February 2017 is scheduled to be released on Wednesday, March 15, 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-
Nov.
2016
Dec.
2016
Jan.
2017
Jan.
2016
Nov.
2016
Dec.
2016

Expenditure category

 
 

All Items

234.029 234.204 235.492 2.6 0.6 0.5

All items (December 1977=100)

379.627 379.912 382.001 - - -

Food and beverages

245.788 245.520 246.452 0.1 0.3 0.4

Food

247.037 246.747 247.693 0.1 0.3 0.4

Food at home

236.182 235.233 236.101 -1.4 0.0 0.4

Food away from home

266.057 266.747 267.820 2.0 0.7 0.4

Alcoholic beverages

227.962 228.026 228.750 0.7 0.3 0.3

Housing

227.337 227.697 228.679 2.5 0.6 0.4

Shelter

260.571 261.061 261.775 2.8 0.5 0.3

Rent of primary residence(1)

269.896 270.779 271.433 3.5 0.6 0.2

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

263.060 263.599 264.106 2.8 0.4 0.2

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

263.050 263.588 264.095 2.8 0.4 0.2

Fuels and utilities

226.832 226.973 229.891 2.7 1.3 1.3

Household energy

182.759 182.833 185.703 2.6 1.6 1.6

Energy services(1)

183.105 183.116 185.954 2.6 1.6 1.5

Electricity(1)

180.696 180.898 183.384 1.2 1.5 1.4

Utility (piped) gas service(1)

184.137 182.862 187.842 12.6 2.0 2.7

Household furnishings and operations

120.947 121.013 121.672 0.1 0.6 0.5

Apparel

136.965 132.997 131.261 2.7 -4.2 -1.3

Transportation

196.260 197.939 201.201 6.7 2.5 1.6

Private transportation

194.158 196.169 199.549 7.2 2.8 1.7

New and used motor vehicles(3)

101.580 101.741 102.490 -0.3 0.9 0.7

New vehicles

152.913 153.638 155.821 1.4 1.9 1.4

New cars and trucks(3)(4)

104.144 104.653 106.164 1.4 1.9 1.4

New cars(4)

152.901 153.872 156.147 1.2 2.1 1.5

Used cars and trucks

138.408 138.051 138.088 -3.6 -0.2 0.0

Motor fuel

185.917 191.344 200.901 25.5 8.1 5.0

Gasoline (all types)

184.951 190.368 199.933 25.6 8.1 5.0

Unleaded regular(4)

180.168 185.594 195.212 26.4 8.3 5.2

Unleaded midgrade(4)(5)

205.061 210.919 219.859 23.1 7.2 4.2

Unleaded premium(4)

205.984 210.550 218.880 21.2 6.3 4.0

Medical care

448.405 448.393 451.354 4.4 0.7 0.7

Medical care commodities

364.936 364.080 367.199 6.3 0.6 0.9

Medical care services

476.165 476.493 479.353 3.8 0.7 0.6

Professional services

367.724 368.037 367.591 2.5 0.0 -0.1

Recreation(3)

116.476 116.351 116.842 0.5 0.3 0.4

Education and communication(3)

136.608 136.085 136.461 -0.5 -0.1 0.3

Other goods and services

417.433 418.568 416.620 1.3 -0.2 -0.5
 

Commodity and service group

 
 

All Items

234.029 234.204 235.492 2.6 0.6 0.5

Commodities

179.728 179.734 181.182 2.3 0.8 0.8

Commodities less food and beverages

148.456 148.572 150.187 3.8 1.2 1.1

Nondurables less food and beverages

191.416 191.577 193.840 7.9 1.3 1.2

Nondurables less food, beverages, and apparel

225.666 228.060 232.541 9.5 3.0 2.0

Durables

108.172 108.248 109.293 -1.0 1.0 1.0

Services

288.667 289.007 290.153 2.8 0.5 0.4

Rent of shelter(2)

267.453 267.954 268.694 2.8 0.5 0.3

Transportation services

333.871 334.999 336.274 5.4 0.7 0.4

Other services

339.542 339.068 339.880 1.0 0.1 0.2
 

Special aggregate indexes

 
 

All items less medical care

222.329 222.512 223.712 2.5 0.6 0.5

All items less food

231.795 232.042 233.381 3.1 0.7 0.6

All items less shelter

224.716 224.763 226.297 2.5 0.7 0.7

Commodities less food

150.905 151.020 152.619 3.7 1.1 1.1

Nondurables

217.186 217.142 218.767 3.6 0.7 0.7

Nondurables less food

193.264 193.420 195.601 7.4 1.2 1.1

Nondurables less food and apparel

224.766 226.961 231.118 8.8 2.8 1.8

Services less rent of shelter(2)

324.366 324.513 326.209 2.8 0.6 0.5

Services less medical care services

271.774 272.110 273.123 2.7 0.5 0.4

Energy

180.329 182.769 188.535 12.3 4.6 3.2

All items less energy

240.795 240.722 241.521 1.9 0.3 0.3

All items less food and energy

240.109 240.074 240.848 2.2 0.3 0.3

Commodities less food and energy commodities

147.385 146.754 147.256 0.4 -0.1 0.3

Energy commodities

189.332 194.807 204.425 25.0 8.0 4.9

Services less energy services

299.819 300.196 301.145 2.8 0.4 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, February 15, 2017