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19-1471-ATL
Tuesday, August 13, 2019

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Consumer Price Index for Tampa-St. Petersburg-Clearwater – July 2019

Area prices up 0.1 percent over the two months and 2.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater inched up 0.1 percent from May to July, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the all items less food and energy index and the food index were up 0.3 percent each. Since May, the energy index declined 2.3 percent. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect impact of seasonal influences.)

Over the last 12 months, the all items CPI-U increased 2.1 percent. Since July 2018, the all items less food and energy index advanced 2.5 percent and the food index rose 2.3 percent. The energy index was down 1.7 percent over the year. (See table 1.)

Food

The food index edged up 0.3 percent from May to July, reflecting increases in the food at home (0.5 percent) and the food away from home (0.2 percent) indexes.

Since July 2018, the food index rose 2.3 percent, led by a 4.2-percent advance in the food away from home index. Over the year, the food at home index increased 0.9 percent.

Energy

The energy index declined 2.3 percent from May to July, fueled by a 4.1-percent decrease in the gasoline index. The electricity index was also down over the two months (-0.3 percent), while the utility (piped) gas service index was up 2.9 percent.

The energy index was down 1.7 percent for the 12 months ending July, reflecting a 2.9-percent decrease in the gasoline index. Over the year, the electricity index declined 0.4 percent, while the utility (piped) gas service index rose 2.0 percent.

All items less food and energy

The index for all items less food and energy edged up 0.3 percent from May to July. Several indexes recorded increases, most notably shelter (0.7 percent), household furnishing and operations (3.2 percent), and medical care (0.8 percent). In contrast, the apparel index and the new vehicles index declined, down 3.1 and 0.8 percent, respectively.

From July 2018 to July 2019, the index for all items less food and energy advanced 2.5 percent, reflecting a 5.3-percent increase in the shelter index.

Table A. Tampa-St. Petersburg-Clearwater, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2018 2019
2-month 12-month 2-month 12-month

January

0.8 -1.1 0.4

March

0.6 1.9 1.7

May

0.4 0.9 2.2

July

0.3 0.1 2.1

September

0.6

November

-0.3 2.3

The Consumer Price Index for August 2019 is scheduled to be released on Thursday, September 12, 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 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-
May
2019
Jun.
2019
Jul.
2019
Jul.
2018
May
2019
Jun.
2019

Expenditure category

All Items

229.018 - 229.334 2.1 0.1 -

Food and beverages

231.609 - 232.648 2.4 0.4 -

Food

232.281 - 233.082 2.3 0.3 -

Food at home

232.690 232.132 233.792 0.9 0.5 0.7

Cereals and bakery products

271.354 - 267.806 2.2 -1.3 -

Meats, poultry, fish, and eggs

215.890 - 225.375 1.3 4.4 -

Dairy and related products

213.875 - 212.309 -10.9 -0.7 -

Fruits and vegetables

330.943 - 329.918 6.8 -0.3 -

Nonalcoholic beverages and beverage materials

173.897 - 170.983 4.5 -1.7 -

Other food at home

188.818 - 189.263 -2.0 0.2 -

Food away from home

230.626 - 231.033 4.2 0.2 -

Alcoholic beverages

207.318 - 211.467 4.2 2.0 -

Housing

232.231 - 234.144 5.0 0.8 -

Shelter

266.933 267.808 268.720 5.3 0.7 0.3

Rent of primary residence

271.332 271.559 271.615 5.1 0.1 0.0

Owners' equiv. rent of residences

280.555 281.288 282.538 4.8 0.7 0.4

Owners' equiv. rent of primary residence

280.555 281.288 282.538 4.8 0.7 0.4

Fuels and utilities

212.015 - 212.027 0.7 0.0 -

Household energy

167.339 166.576 167.017 -0.4 -0.2 0.3

Energy Services

164.930 164.471 164.471 -0.4 -0.3 0.0

Electricity

162.081 161.585 161.585 -0.4 -0.3 0.0

Utility (piped) gas service

233.814 240.657 240.657 2.0 2.9 0.0

Household furnishings and operations

118.702 - 122.559 8.3 3.2 -

Apparel

142.677 - 138.191 -3.7 -3.1 -

Transportation

206.608 - 203.388 -0.8 -1.6 -

Private transportation

211.451 - 209.298 -0.8 -1.0 -

New and used motor vehicles(1)

108.612 - 108.724 -0.4 0.1 -

New vehicles

124.368 - 123.320 -0.2 -0.8 -

Used cars and trucks

132.184 - 136.539 1.6 3.3 -

Motor fuel

296.241 279.235 284.155 -2.9 -4.1 1.8

Gasoline (all types)

290.054 273.320 278.208 -2.9 -4.1 1.8

Unleaded regular(2)

283.194 266.009 271.743 -2.5 -4.0 2.2

Unleaded midgrade(2)(3)

254.462 244.652 242.490 -4.7 -4.7 -0.9

Unleaded premium(2)

301.572 291.037 288.625 -5.3 -4.3 -0.8

Motor vehicle insurance

572.561 - 572.561 0.4 0.0 -

Medical Care

392.300 - 395.567 1.9 0.8 -

Recreation(1)

122.553 - 121.799 0.1 -0.6 -

Education and communication(1)

132.268 - 132.762 -5.3 0.4 -

Tuition, other school fees, and child care

619.130 - 628.024 0.5 1.4 -

Other goods and services

298.359 - 302.303 2.4 1.3 -

Commodity and service group

All Items

229.018 - 229.334 2.1 0.1 -

Commodities

176.497 - 175.275 0.6 -0.7 -

Commodities less food & beverages

147.780 - 145.752 -0.5 -1.4 -

Nondurables less food & beverages

214.695 - 210.482 -1.1 -2.0 -

Durables

91.899 - 91.234 0.2 -0.7 -

Services

275.681 - 277.352 3.0 0.6 -

Special aggregate indexes

All items less medical care

220.217 - 220.380 2.1 0.1 -

All items less shelter

213.407 - 213.096 0.5 -0.1 -

Commodities less food

151.004 - 149.116 -0.3 -1.3 -

Nondurables

223.087 - 221.573 0.7 -0.7 -

Nondurables less food

214.270 - 210.632 -0.8 -1.7 -

Services less rent of shelter

282.069 - 283.563 0.4 0.5 -

Services less medical care services

262.994 - 264.667 3.0 0.6 -

Energy

218.061 210.719 212.972 -1.7 -2.3 1.1

All items less energy

229.622 - 230.409 2.4 0.3 -

All items less food and energy

229.427 - 230.213 2.5 0.3 -

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, August 13, 2019