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News Release Information

24-2099-ATL
Thursday, October 10, 2024

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

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

Area prices up 1.2 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa declined 0.1 percent from July to September, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Victoria G. Lee noted that a decline in the gasoline index was a main factor in the bi-monthly all items decrease. (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 1.2 percent for the 12 months ending in September. (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 1.6 percent over the last 12 months. In comparison, the energy index fell 9.1 percent over the past year. (See table 1.)

Food

The food index rose 0.8 percent from July to September. The food at home index increased 1.0 percent over the same period. The six major grocery store food group indexes were split over the two-month period, with three increases and three decreases. The index for meats, poultry, fish, and eggs rose 5.3 percent from July to September. The indexes for dairy and related products (+4.8 percent) and cereals and bakery products (+2.5 percent) also increased over the bi-monthly period.

The index for food away from home increased from July to September, up 0.4 percent.

The food index increased 1.6 percent for the 12 months ending in September. The food at home index rose 1.4 percent over the past year. Four of the six major grocery store food group indexes increased over the last 12 months: meats, poultry, fish, and eggs (+2.5 percent); dairy and related products (+4.6 percent); fruits and vegetables (+2.8 percent); and other food at home (+1.6 percent). In contrast, the cereals and bakery products index declined over the past year, as did the index for nonalcoholic beverages and beverage materials.

The index for food away from home increased 1.8 percent over the past 12 months.

Energy

The energy index declined 4.2 percent from July to September, largely due to a 7.6-percent fall in the gasoline index. The index for electricity was little changed over the bi-monthly period, down 0.1 percent.

The energy index fell 9.1 percent for the 12 months ending in September, reflecting declines in the gasoline (-10.7 percent) and electricity (-10.1 percent) indexes.  

All items less food and energy

The index for all items less food and energy rose 0.1 percent from July to September. The shelter index increased 0.4 percent over the bi-monthly period. The index for owners’ equivalent rent rose 0.8 percent over the two-months and the index for rent of primary residence increased 0.9 percent. Other indexes with notable increases from July to September include apparel (+6.7 percent) and education and communication (+1.4 percent). In comparison, the index for recreation declined 3.0 percent over the same period.

The index for all items less food and energy increased 2.0 percent for the 12 months ending in September. The index for shelter (+5.1 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 (+4.3 percent) and rent of primary residence (+6.9 percent) also increased over the past year. Notable indexes to decline over the last 12 months include household furnishings and operations (-4.0 percent), education and communication (-2.4 percent), and new vehicles (-2.2 percent).

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

The Tampa-St. Petersburg-Clearwater Consumer Price Index for November 2024 is scheduled to be released on Wednesday, December 11, 2024, at 8:30 a.m. (ET).


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-
Jul.
2024
Aug.
2024
Sep.
2024
Sep.
2023
Jul.
2024
Aug.
2024

Expenditure category

All Items

300.062 - 299.722 1.2 -0.1 -

Food and beverages

296.289 - 298.441 1.4 0.7 -

Food

298.791 - 301.110 1.6 0.8 -

Food at home

305.286 308.774 308.265 1.4 1.0 -0.2

Cereals and bakery products

315.887 327.391 323.890 -2.2 2.5 -1.1

Meats, poultry, fish, and eggs

308.417 307.898 324.713 2.5 5.3 5.5

Dairy and related products

278.959 293.788 292.242 4.6 4.8 -0.5

Fruits and vegetables

404.789 400.821 403.472 2.8 -0.3 0.7

Nonalcoholic beverages and beverage materials

227.249 229.797 221.315 -1.2 -2.6 -3.7

Other food at home

247.123 248.947 242.094 1.6 -2.0 -2.8

Food away from home

290.157 - 291.450 1.8 0.4 -

Alcoholic beverages

248.202 - 248.163 -1.3 0.0 -

Housing

332.254 - 333.208 3.2 0.3 -

Shelter

393.773 396.071 395.266 5.1 0.4 -0.2

Rent of primary residence

405.661 408.478 409.318 6.9 0.9 0.2

Owners' equiv. rent of residences

411.334 413.500 414.746 4.3 0.8 0.3

Owners' equiv. rent of primary residence

411.334 413.500 414.746 4.3 0.8 0.3

Fuels and utilities

253.369 - 253.311 -5.0 0.0 -

Household energy

195.578 195.752 195.511 -9.5 0.0 -0.1

Energy Services

192.578 192.597 192.402 -9.8 -0.1 -0.1

Electricity

190.079 190.079 189.957 -10.1 -0.1 -0.1

Utility (piped) gas service

- - - - - -

Household furnishings and operations

156.017 - 155.588 -4.0 -0.3 -

Apparel

137.809 - 147.046 1.2 6.7 -

Transportation

265.427 - 259.740 -1.9 -2.1 -

Private transportation

275.359 - 269.607 -1.8 -2.1 -

New and used motor vehicles(1)

134.480 - 133.488 -3.1 -0.7 -

New vehicles

148.744 - 148.134 -2.2 -0.4 -

Used cars and trucks

166.728 - 164.897 -5.7 -1.1 -

Motor fuel

370.430 359.440 342.355 -10.8 -7.6 -4.8

Gasoline (all types)

361.392 350.662 333.984 -10.7 -7.6 -4.8

Unleaded regular(2)

349.632 338.915 322.085 -11.1 -7.9 -5.0

Unleaded midgrade(2)(3)

368.626 359.228 345.470 -8.7 -6.3 -3.8

Unleaded premium(2)

405.654 395.879 381.883 -7.9 -5.9 -3.5

Medical Care

500.694 - 501.244 -0.4 0.1 -

Recreation(1)

139.363 - 135.230 -1.5 -3.0 -

Education and communication(1)

132.907 - 134.709 -2.4 1.4 -

Tuition, other school fees, and child care

692.508 - 701.461 1.9 1.3 -

Other goods and services

370.814 - 370.728 3.9 0.0 -

Commodity and service group

All Items

300.062 - 299.722 1.2 -0.1 -

Commodities

210.961 - 210.242 -2.9 -0.3 -

Commodities less food & beverages

169.686 - 168.097 -5.2 -0.9 -

Nondurables less food & beverages

245.901 - 241.438 -4.8 -1.8 -

Durables

107.102 - 106.919 -5.8 -0.2 -

Services

380.256 - 380.237 3.5 0.0 -

Special aggregate indexes

All items less medical care

289.219 - 288.833 1.4 -0.1 -

All items less shelter

260.658 - 259.529 -1.2 -0.4 -

Commodities less food

173.459 - 171.889 -5.1 -0.9 -

Nondurables

272.126 - 270.958 -1.4 -0.4 -

Nondurables less food

245.996 - 241.844 -4.5 -1.7 -

Services less rent of shelter

354.378 - 352.497 1.3 -0.5 -

Services less medical care services

366.758 - 366.601 3.6 0.0 -

Energy

264.868 260.585 253.621 -9.1 -4.2 -2.7

All items less energy

302.554 - 303.023 1.9 0.2 -

All items less food and energy

303.386 - 303.611 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.

- Data not available.

 

Last Modified Date: Thursday, October 10, 2024