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News Release Information

22-1194-ATL
Friday, June 10, 2022

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

Consumer Price Index, Tampa-St. Petersburg-Clearwater — May 2022

Area prices up 11.3 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater rose 2.1 percent from March to May, 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 2.0 percent over the bi-monthly period. The energy index increased 6.3 percent from March to May, while the food index inched up 0.1 percent. (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 11.3 percent for the 12 months ending in May. The index for all items less food and energy increased 9.9 percent over the past year. The energy index and the food index also increased over the last 12 months, up 38.4 percent and 6.6 percent, respectively. (See chart 1 and table 1.)


Food

The food index inched up 0.1 percent from March to May. The food at home index rose 0.4 percent over the bi-monthly period, while the food away from home index edged down 0.3 percent.

The food index advanced 6.6 percent for the 12 months ending in May, reflecting increases in the food at home (+7.8 percent) and food away from home (+5.0 percent) indexes.

Energy

The energy index rose 6.3 percent from March to May, led by a 7.2-percent increase in the gasoline index. The electricity index and the utility (piped) gas service index also increased over the bi-monthly period, up 5.0 percent and 4.9 percent, respectively.

The energy index advanced 38.4 percent for the 12 months ending in May, primarily due to a 55.0-percent increase in the gasoline index. The electricity index increased 18.5 percent over the past year and the utility (piped) gas service index increased 14.5 percent.

All items less food and energy

The index for all items less food and energy rose 2.0 percent from March to May. Shelter (+2.1 percent) was among the indexes to contribute to the overall increase.

The index for all items less food and energy advanced 9.9 percent for the 12 months ending in May, led by an 11.2-percent increase in the shelter index. The new and used motor vehicles index rose 14.2 percent over the past year, reflecting increases in the new vehicles (+12.3 percent) and used cars and trucks (+15.8 percent) indexes.  

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 2020 2021 2022
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

January

0.8 -1.1 0.4 0.7 3.8 0.9 3.4 2.4 9.6

March

0.6 1.9 1.7 0.2 2.1 1.6 4.9 2.1 10.2

May

0.4 0.9 2.2 -0.3 0.9 1.0 6.2 2.1 11.3

July

0.3 0.1 2.1 1.0 1.8 1.4 6.6

September

0.6 -0.1 1.5 1.4 3.3 1.0 6.1

November

-0.3 2.3 0.2 2.0 0.1 3.2 1.8 8.0

The Consumer Price Index for June 2022 is scheduled to be released on Wednesday, July 13, 2022, 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 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)
Item and Group

Indexes Percent change from-
Mar.
2022
Apr.
2022
May
2022
May
2021
Mar.
2022
Apr.
2022

Expenditure category

All Items

267.590 - 273.245 11.3 2.1 -

Food and beverages

270.458 - 270.625 6.2 0.1 -

Food

272.141 - 272.455 6.6 0.1 -

Food at home

286.039 286.447 287.173 7.8 0.4 0.3

Cereals and bakery products

291.680 - 295.339 5.7 1.3 -

Meats, poultry, fish, and eggs

310.999 - 308.029 17.0 -1.0 -

Dairy and related products

259.295 - 271.616 5.0 4.8 -

Fruits and vegetables

382.438 - 383.182 -0.6 0.2 -

Nonalcoholic beverages and beverage materials

208.107 - 207.063 1.2 -0.5 -

Other food at home

220.254 - 220.611 8.6 0.2 -

Food away from home

254.323 - 253.651 5.0 -0.3 -

Alcoholic beverages

233.745 - 232.185 1.6 -0.7 -

Housing

274.527 - 281.770 12.1 2.6 -

Shelter

317.207 320.896 323.833 11.2 2.1 0.9

Rent of primary residence

328.133 330.729 332.053 11.9 1.2 0.4

Owners' equiv. rent of residences

331.818 334.552 338.482 10.5 2.0 1.2

Owners' equiv. rent of primary residence

331.818 334.552 338.482 10.5 2.0 1.2

Fuels and utilities

238.106 - 246.635 15.1 3.6 -

Household energy

187.617 195.036 196.837 18.8 4.9 0.9

Energy Services

184.108 191.693 193.359 18.4 5.0 0.9

Electricity

181.509 189.239 190.636 18.5 5.0 0.7

Utility (piped) gas service

239.844 239.859 251.636 14.5 4.9 4.9

Household furnishings and operations

141.264 - 149.716 15.9 6.0 -

Apparel

142.124 - 141.097 11.5 -0.7 -

Transportation

260.115 - 270.838 22.6 4.1 -

Private transportation

269.619 - 276.956 21.9 2.7 -

New and used motor vehicles(1)

135.010 - 136.728 14.2 1.3 -

New vehicles

142.104 - 144.702 12.3 1.8 -

Used cars and trucks

197.049 - 196.870 15.8 -0.1 -

Motor fuel

436.822 436.164 468.494 55.3 7.3 7.4

Gasoline (all types)

426.642 425.816 457.431 55.0 7.2 7.4

Unleaded regular(2)

414.520 413.280 444.911 56.1 7.3 7.7

Unleaded midgrade(2)(3)

422.327 425.007 451.022 50.1 6.8 6.1

Unleaded premium(2)

459.797 462.562 488.700 46.1 6.3 5.7

Medical Care

459.118 - 461.679 5.8 0.6 -

Recreation(1)

129.298 - 132.046 5.6 2.1 -

Education and communication(1)

136.778 - 136.765 1.3 0.0 -

Tuition, other school fees, and child care

656.274 - 656.274 1.9 0.0 -

Other goods and services

326.894 - 332.107 6.4 1.6 -

Commodity and service group

All Items

267.590 - 273.245 11.3 2.1 -

Commodities

207.008 - 211.219 13.7 2.0 -

Commodities less food & beverages

174.168 - 179.925 19.0 3.3 -

Nondurables less food & beverages

252.479 - 261.574 24.3 3.6 -

Durables

108.982 - 112.255 14.1 3.0 -

Services

321.410 - 328.355 10.0 2.2 -

Special aggregate indexes

All items less medical care

257.256 - 263.069 11.9 2.3 -

All items less shelter

246.637 - 251.880 11.3 2.1 -

Commodities less food

177.429 - 182.996 18.1 3.1 -

Nondurables

260.887 - 265.103 13.6 1.6 -

Nondurables less food

250.620 - 258.789 22.1 3.3 -

Services less rent of shelter

319.667 - 326.755 8.4 2.2 -

Services less medical care services

305.974 - 313.235 10.7 2.4 -

Energy

284.255 288.477 302.218 38.4 6.3 4.8

All items less energy

266.080 - 270.762 9.4 1.8 -

All items less food and energy

265.332 - 270.762 9.9 2.0 -

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 seasonally adjusted.

- Data not available.

 

Last Modified Date: Friday, June 10, 2022