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News Release Information

21-661-ATL
Tuesday, April 13, 2021

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

Consumer Price Index, Tampa-St. Petersburg-Clearwater – March 2021

Area prices up 4.9 percent from a year ago

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater rose 1.6 percent from January to March, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the index for all items less food and energy increased 1.2 percent over bi-monthly period, while the energy index jumped 9.3 percent. The food index rose 0.5 percent from January to March. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U advanced 4.9 percent from March 2020 to March 2021. The index for all items less food and energy increased 4.3 percent over the past 12 months. The food index and the energy index also increased over the year, up 6.3 percent and 9.2 percent, respectively. (See table 1.)

Food

The food index rose 0.5 percent from January to March. The food away from home index and the food at home index each increased over the bi-monthly period, up 0.7 percent and 0.3 percent, respectively.

The food index advanced 6.3 percent for the 12 months ending in March, led by a 10.0-percent jump in the food at home index. The food away from home index also increased over the year, up 2.1 percent.

Energy

The energy index jumped 9.3 percent from January to March, led by a 20.5-percent sharp increase in the gasoline index. The utility (piped) gas service index also increased over the bi-monthly period, up 5.7 percent, while the electricity index declined 0.7 percent.    

The energy index increased 9.2 percent for the 12 months ending in March, reflecting a 20.7-percent increase in the gasoline index. In contrast, the electricity index declined 0.6 percent over the past 12 months, while the utility (piped) gas service index fell 8.7 percent.

All items less food and energy

The index for all items less food and energy rose 1.2 percent from January to March, led by increases in the shelter (1.4 percent) and the new and used motor vehicles (3.1 percent) indexes.   

The index for all items less food and energy advanced 4.3 percent for the 12 months ending in March. Increases in the shelter (4.7 percent) and medical care (7.8 percent) indexes contributed to the over-the-year increase.

Table A. Tampa-St. Petersburg-Clearwater, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2019 2020 2021
2-month 12-month 2-month 12-month 2-month 12-month

January

-1.1 0.4 0.7 3.8 0.9 3.4

March

1.9 1.7 0.2 2.1 1.6 4.9

May

0.9 2.2 -0.3 0.9

July

0.1 2.1 1.0 1.8

September

-0.1 1.5 1.4 3.3

November

0.2 2.0 0.1 3.2

The Consumer Price Index for April 2021 is scheduled to be released on Wednesday, May 12, 2021 at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on March 2021 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in March was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


Technical Note

The Consumer Price Index (CPI) is a measures 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 U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 6,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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 Tampa-St. Petersburg-Clearwater, FL, Core Based Statistical Area includes Hernando, Hillsborough, Pasco, and Pinellas Counties.

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,
Tampa-St. Petersburg-Clearwater, FL (1987=100 unless otherwise noted) (not seasonally adjusted)
Item and Group

Indexes Percent change from-
Jan.
2021
Feb.
2021
Mar.
2021
Mar.
2020
Jan.
2021
Feb.
2021

Expenditure category

All Items

239.135 - 242.910 4.9 1.6 -

Food and beverages

249.207 - 251.282 6.3 0.8 -

Food

250.248 - 251.551 6.3 0.5 -

Food at home

257.384 260.329 258.276 10.0 0.3 -0.8

Cereals and bakery products

273.911 - 276.360 12.8 0.9 -

Meats, poultry, fish, and eggs

245.686 - 249.616 13.7 1.6 -

Dairy and related products

251.154 - 253.206 13.1 0.8 -

Fruits and vegetables

363.063 - 365.757 11.2 0.7 -

Nonalcoholic beverages and beverage materials

203.564 - 195.870 7.6 -3.8 -

Other food at home

202.863 - 203.639 4.0 0.4 -

Food away from home

240.620 - 242.404 2.1 0.7 -

Alcoholic beverages

221.216 - 231.611 6.3 4.7 -

Housing

246.876 - 249.333 4.6 1.0 -

Shelter

283.190 285.551 287.198 4.7 1.4 0.6

Rent of primary residence

288.780 290.733 291.830 4.3 1.1 0.4

Owners' equiv. rent of residences

297.982 300.759 302.408 4.7 1.5 0.5

Owners' equiv. rent of primary residence

297.982 300.759 302.408 4.7 1.5 0.5

Fuels and utilities

214.689 - 213.831 0.4 -0.4 -

Household energy

165.974 164.837 165.060 -0.9 -0.6 0.1

Energy Services

163.765 162.633 162.855 -0.9 -0.6 0.1

Electricity

161.577 160.429 160.398 -0.6 -0.7 0.0

Utility (piped) gas service

208.017 208.017 219.822 -8.7 5.7 5.7

Household furnishings and operations

135.650 - 133.955 8.6 -1.2 -

Apparel

124.764 - 126.767 -2.6 1.6 -

Transportation

202.378 - 215.381 7.2 6.4 -

Private transportation

208.209 - 222.500 7.4 6.9 -

New and used motor vehicles(1)

111.326 - 114.810 4.2 3.1 -

New vehicles

124.798 - 129.510 2.5 3.8 -

Used cars and trucks

142.094 - 145.869 8.0 2.7 -

Motor fuel

248.336 271.286 298.562 20.6 20.2 10.1

Gasoline (all types)

242.517 265.045 292.315 20.7 20.5 10.3

Unleaded regular(2)

232.993 255.344 282.676 20.7 21.3 10.7

Unleaded midgrade(2)(3)

250.963 273.632 298.315 32.4 18.9 9.0

Unleaded premium(2)

283.708 303.940 326.760 20.4 15.2 7.5

Motor vehicle insurance

590.036 - 614.846 2.0 4.2 -

Medical Care

440.026 - 437.976 7.8 -0.5 -

Recreation(1)

123.122 - 123.923 -0.4 0.7 -

Education and communication(1)

133.809 - 135.279 3.7 1.1 -

Tuition, other school fees, and child care

644.253 - 644.253 2.2 0.0 -

Other goods and services

305.552 - 305.474 -1.4 0.0 -

Commodity and service group

All Items

239.135 - 242.910 4.9 1.6 -

Commodities

178.775 - 183.449 5.8 2.6 -

Commodities less food & beverages

143.639 - 149.338 5.3 4.0 -

Nondurables less food & beverages

197.081 - 209.849 5.3 6.5 -

Durables

94.803 - 96.224 5.4 1.5 -

Services

292.660 - 295.773 4.4 1.1 -

Special aggregate indexes

All items less medical care

228.430 - 232.472 4.6 1.8 -

All items less shelter

220.769 - 224.480 5.0 1.7 -

Commodities less food

147.316 - 153.219 5.4 4.0 -

Nondurables

224.336 - 231.207 5.9 3.1 -

Nondurables less food

199.101 - 211.637 5.4 6.3 -

Services less rent of shelter

299.267 - 301.002 4.0 0.6 -

Services less medical care services

276.402 - 279.933 3.9 1.3 -

Energy

198.414 206.370 216.819 9.2 9.3 5.1

All items less energy

242.203 - 244.800 4.6 1.1 -

All items less food and energy

241.162 - 243.967 4.3 1.2 -

Footnotes
(1) Indexes on a December 1997=100 base.
(2) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.

- Data not available.

 

Last Modified Date: Tuesday, April 13, 2021