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News Release Information

24-2437-ATL
Wednesday, December 11, 2024

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

Consumer Price Index, Tampa-St. Petersburg-Clearwater — November 2024

Area prices up 1.6 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa was unchanged from September to November, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Victoria G. Lee noted that declines in several indexes over the bi-monthly period, including education and communication, apparel, shelter, and gasoline, were more than offset by an increase in the medical care index. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U increased 1.6 percent for the 12 months ending in November. (See chart 1 and table A.) The index for all items less food and energy rose 2.0 percent over the past year. The food index continued to increase, up 1.1 percent over the last 12 months. In comparison, the energy index declined over the past year. (See table 1.)


Food

The food index declined 0.5 percent from September to November. The food at home index fell 0.9 percent over the two months, while the food away from home index rose 0.3 percent over the two-month period. Four of the six major grocery store food group indexes declined from September to November, most notable, the index for dairy and related products (-5.6 percent). In comparison, the index for meats, poultry, fish, and eggs rose 0.7 percent over the two-month period, as did the index for fruits and vegetables.

The food index increased 1.1 percent for the 12 months ending in November. The food away from home index rose 1.9 percent over the past year, while the index for food at home increased 0.6 percent over the same period. The six major grocery store food group indexes were split over the past year, with three increases and three decreases.

Energy

The energy index declined 1.2 percent from September to November. The gasoline index contributed to the bi-monthly decrease in the energy index, down 2.2 percent. In comparison, the electricity index was unchanged over the two-month period.  

The energy index declined for the 12 months ending in November, reflecting a decline in the electricity index. In contrast, the gasoline index rose 1.1 percent over the past year.

All items less food and energy

The index for all items less food and energy was little changed from September to November, up 0.1 percent. The medical care index advanced 4.8 percent over the two-month period. Indexes with notable declines from September to November include education and communication (-2.7 percent), apparel (-5.6 percent), shelter (-0.2 percent), and recreation (-1.2 percent).  

The index for all items less food and energy increased 2.0 percent for the 12 months ending in November. The index for shelter (+4.8 percent) was the largest contributor to the total 12-month increase in the all items less food and energy index. The indexes for owners’ equivalent rent (+4.7 percent) and rent of primary residence (+5.6 percent) also increased over the past year. Of note, the medical care index rose 4.9 percent over the past 12 months. In comparison, the index for education and communication fell 7.7 percent over the same period.

Table A. Tampa-St. Petersburg-Clearwater, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2020 2021 2022 2023 2024
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

January

0.7 3.8 0.9 3.4 2.4 9.6 1.7 8.9 0.5 3.9

March

0.2 2.1 1.6 4.9 2.1 10.2 1.1 7.7 0.9 3.7

May

-0.3 0.9 1.0 6.2 2.1 11.3 1.7 7.3 -0.1 1.8

July

1.0 1.8 1.4 6.6 1.3 11.2 -0.1 5.9 0.5 2.4

September

1.4 3.3 1.0 6.1 0.3 10.5 1.1 6.7 -0.1 1.2

November

0.1 3.2 1.8 8.0 1.0 9.6 -0.4 5.2 0.0 1.6

The Tampa-St. Petersburg-Clearwater Consumer Price Index for January 2025 is scheduled to be released on Wednesday, February 12, 2025, at 8:30 a.m. (ET).

Notice Regarding Ceasing Publication of Utility Indexes

With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued.

The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity
  • Utility (piped) gas (often referred to as natural gas)
  • Energy services
  • Fuels and utilities
  • Household energy

The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity per KWH
  • Utility (piped) gas per therm

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 Consumer Price Index for Tampa is published bi-monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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.

Refer to the national CPI news release technical note or the Handbook of Methods for more information.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

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-
Sep.
2024
Oct.
2024
Nov.
2024
Nov.
2023
Sep.
2024
Oct.
2024

Expenditure category

All Items

299.722 - 299.638 1.6 0.0 -

Food and beverages

298.441 - 297.578 1.2 -0.3 -

Food

301.110 - 299.699 1.1 -0.5 -

Food at home

308.265 309.132 305.365 0.6 -0.9 -1.2

Cereals and bakery products

323.890 324.689 319.813 -0.5 -1.3 -1.5

Meats, poultry, fish, and eggs

324.713 328.037 326.929 3.0 0.7 -0.3

Dairy and related products

292.242 297.769 275.883 -3.9 -5.6 -7.3

Fruits and vegetables

403.472 416.554 406.174 2.4 0.7 -2.5

Nonalcoholic beverages and beverage materials

221.315 218.518 214.807 -3.7 -2.9 -1.7

Other food at home

242.094 237.060 240.792 1.9 -0.5 1.6

Food away from home

291.450 - 292.377 1.9 0.3 -

Alcoholic beverages

248.163 - 254.089 2.9 2.4 -

Housing

333.208 - 333.609 3.5 0.1 -

Shelter

395.266 397.685 394.554 4.8 -0.2 -0.8

Rent of primary residence

409.318 410.470 410.268 5.6 0.2 0.0

Owners' equiv. rent of residences

414.746 417.270 418.416 4.7 0.9 0.3

Owners' equiv. rent of primary residence

414.746 417.270 418.416 4.7 0.9 0.3

Fuels and utilities

253.311 - 258.410 - 2.0 -

Household energy

195.511 195.217 195.660 - 0.1 0.2

Energy Services

192.402 192.494 192.858 - 0.2 0.2

Electricity

189.957 189.957 189.957 - 0.0 0.0

Utility (piped) gas service

- - - - - -

Household furnishings and operations

155.588 - 157.366 0.2 1.1 -

Apparel

147.046 - 138.869 -1.2 -5.6 -

Transportation

259.740 - 257.264 -1.0 -1.0 -

Private transportation

269.607 - 267.334 -1.0 -0.8 -

New and used motor vehicles(1)

133.488 - 133.949 -2.7 0.3 -

New vehicles

148.134 - 149.086 -0.9 0.6 -

Used cars and trucks

164.897 - 166.738 -3.6 1.1 -

Motor fuel

342.355 335.548 334.749 1.0 -2.2 -0.2

Gasoline (all types)

333.984 327.352 326.512 1.1 -2.2 -0.3

Unleaded regular(2)

322.085 315.572 314.790 1.1 -2.3 -0.2

Unleaded midgrade(2)(3)

345.470 338.068 337.038 1.2 -2.4 -0.3

Unleaded premium(2)

381.883 375.230 374.091 1.1 -2.0 -0.3

Medical Care

501.244 - 525.257 4.9 4.8 -

Recreation(1)

135.230 - 133.557 -1.2 -1.2 -

Education and communication(1)

134.709 - 131.139 -7.7 -2.7 -

Tuition, other school fees, and child care

701.461 - 704.271 2.5 0.4 -

Other goods and services

370.728 - 376.054 2.9 1.4 -

Commodity and service group

All Items

299.722 - 299.638 1.6 0.0 -

Commodities

210.242 - 210.613 -0.7 0.2 -

Commodities less food & beverages

168.097 - 168.838 -1.8 0.4 -

Nondurables less food & beverages

241.438 - 243.990 2.3 1.1 -

Durables

106.919 - 106.827 -5.1 -0.1 -

Services

380.237 - 379.761 2.8 -0.1 -

Special aggregate indexes

All items less medical care

288.833 - 287.490 1.3 -0.5 -

All items less shelter

259.529 - 259.715 -0.4 0.1 -

Commodities less food

171.889 - 172.763 -1.6 0.5 -

Nondurables

270.958 - 271.810 1.7 0.3 -

Nondurables less food

241.844 - 244.631 2.4 1.2 -

Services less rent of shelter

352.497 - 352.330 0.1 0.0 -

Services less medical care services

366.601 - 365.570 2.7 -0.3 -

Energy

253.621 250.727 250.674 - -1.2 0.0

All items less energy

303.023 - 303.152 1.9 0.0 -

All items less food and energy

303.611 - 303.944 2.0 0.1 -

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.
NOTE: Index applies to a month as a whole, not to any specific date.

- Data not available.

 

Last Modified Date: Wednesday, December 11, 2024