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16-1496-ATL
Friday, July 15, 2016

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Consumer Price Index, Atlanta – June 2016

Area prices up 1.3 percent over the two months and 0.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Atlanta rose 1.3 percent over the May-June pricing period, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the energy index advanced 14.2 percent and the all items less food and energy index edged up 0.3 percent over the two months. The food index inched down 0.1 percent during the May-June pricing period. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the all items CPI-U increased 0.7 percent. The index for all items less food and energy advanced 2.8 percent over the year reflecting price increases for shelter, medical care, and education and communication. (See chart 1 and table 1.)

Food

Food prices inched down 0.1 percent during the May-June pricing period as food at home prices declined 0.9 percent. Prices for food away from home rose 0.8 percent over the two months.

Over the year, the food index decreased 1.0 percent, led by a 2.8-percent price decline in the food at home index. The food away from home index increased 1.6 percent since June 2015.

Energy

The energy index advanced 14.2 percent over the two-month pricing period, led by a 27.3-percent increase in electricity prices. Prices for motor fuel and utility (piped) gas service also increased over the May-June pricing period, up 7.0 and 0.6 percent, respectively.

Over the year, the energy index decreased 11.3 percent, reflecting a 19.9-percent drop in motor fuel prices. Since June 2015, prices declined 4.4 percent for electricity and 3.5 percent for utility (piped) gas service.

All items less food and energy

The index for all items less food and energy edged up 0.3 percent during the May-June pricing period as a price increase for shelter (1.0 percent) was partially offset by a 5.1-percent seasonal decline in apparel prices.

From June 2015 to June 2016, the index for all items less food and energy advanced 2.8 percent, led by price increases in several indexes, most notably shelter (4.3 percent). Other indexes noting price increases included medical care (5.3 percent) and education and communication (1.4 percent).

Table A. Atlanta CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

1.0 2.4 1.9 2.1 1.3 1.8 0.0 -0.3 0.3 1.6

April

1.1 1.8 0.1 1.1 0.8 2.5 0.7 -0.5 1.0 1.9

June

0.6 1.5 1.0 1.4 1.5 3.0 2.5 0.6 1.3 0.7

August

0.6 1.5 0.7 1.5 -0.1 2.2 -0.1 0.6    

October

-1.2 1.8 -1.0 1.6 -1.1 2.2 -1.2 0.5    

December

-0.9 1.2 -0.2 2.4 -1.5 0.9 -0.6 1.4    

The Consumer Price Index for July 2016 is scheduled to be released on Tuesday, August 16, 2016.


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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 Atlanta, Ga. metropolitan area covered in this release is comprised of Barrow, Bartow, Carroll, Cherokee, Clayton, Cobb, Coweta, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Henry, Newton, Paulding, Pickens, Rockdale, Spalding, and Walton Counties in Georgia.

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
Atlanta, GA (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Apr.
2016
May
2016
Jun.
2016
Jun.
2015
Apr.
2016
May
2016

Expenditure category

 
 

All Items

223.820 - 226.724 0.7 1.3 -

All items (1967=100)

674.972 - 683.730 - - -

Food and beverages

249.194 - 249.074 -0.6 0.0 -

Food

259.897 - 259.550 -1.0 -0.1 -

Food at home

247.896 248.454 245.722 -2.8 -0.9 -1.1

Food away from home

279.854 - 282.231 1.6 0.8 -

Alcoholic beverages

153.669 - 155.572 4.6 1.2 -

Housing

219.688 - 226.330 2.5 3.0 -

Shelter

240.164 241.614 242.676 4.3 1.0 0.4

Rent of primary residence (1)

244.679 245.973 246.947 5.4 0.9 0.4

Owners' equiv. rent of residences (1) (2)

233.920 234.782 235.663 3.4 0.7 0.4

Owners' equiv. rent of primary residence (1) (2)

233.920 234.782 235.663 3.4 0.7 0.4

Fuels and utilities

271.664 - 314.470 -2.3 15.8 -

Household energy

230.216 237.642 278.125 -3.3 20.8 17.0

Energy Services (1)

229.117 236.591 277.111 -3.4 20.9 17.1

Electricity (1)

205.320 213.733 261.428 -4.4 27.3 22.3

Utility (piped) gas service (1)

241.180 242.616 242.616 -3.5 0.6 0.0

Household furnishings and operations

118.670 - 121.664 -3.6 2.5 -

Apparel

142.542 - 135.337 0.6 -5.1 -

Transportation

188.003 - 190.156 -5.1 1.1 -

Private transportation

186.568 - 188.623 -5.9 1.1 -

Motor fuel

188.876 201.877 202.093 -19.9 7.0 0.1

Gasoline (all types)

187.915 200.861 201.026 -19.8 7.0 0.1

Unleaded regular (3)

183.966 196.911 196.984 -20.4 7.1 0.0

Unleaded midgrade (3) (4)

233.679 249.087 248.834 -17.8 6.5 -0.1

Unleaded premium (3)

204.730 216.317 217.490 -14.6 6.2 0.5

Medical Care

433.278 - 432.408 5.3 -0.2 -

Recreation (5)

86.443 - 87.459 0.2 1.2 -

Education and communication (5)

134.955 - 134.741 1.4 -0.2 -

Other goods and services

364.916 - 365.660 0.9 0.2 -
 

Commodity and service group

 
 

All Items

223.820 - 226.724 0.7 1.3 -

Commodities

175.521 - 175.819 -3.2 0.2 -

Commodities less food & beverages

142.596 - 143.068 -4.4 0.3 -

Nondurables less food & beverages

173.482 - 174.982 -6.7 0.9 -

Durables

110.516 - 109.959 -1.4 -0.5 -

Services

269.614 - 274.839 2.8 1.9 -
 

Special aggregate indexes

 
 

All items less medical care

212.718 - 215.772 0.3 1.4 -

All items less shelter

221.223 - 224.374 -1.2 1.4 -

Commodities less food

142.638 - 143.167 -4.1 0.4 -

Nondurables

206.364 - 207.119 -3.9 0.4 -

Nondurables less food

170.794 - 172.315 -6.1 0.9 -

Services less rent of shelter (2)

318.605 - 327.849 1.2 2.9 -

Services less medical care services

252.948 - 258.372 2.8 2.1 -

Energy

190.192 199.645 217.240 -11.3 14.2 8.8

All items less energy

227.188 - 227.677 2.2 0.2 -

All items less food and energy

222.453 - 223.076 2.8 0.3 -

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Friday, July 15, 2016