News Release Information

15-1440-ATL
Friday, July 17, 2015

Contacts

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

Consumer Price Index, South Region – June 2015

Prices up 0.5 percent over the month; down 0.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South increased 0.5 percent in June, the U.S. Bureau of Labor Statistics reported today. The rise of the overall index was led by a 4.4-percent increase in the energy index. The all items less food and energy index inched up 0.1 percent and the food index edged up 0.2 percent over the month. (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 inched down 0.1 percent, the sixth consecutive month of over-the-year declines for this index. The all items less food and energy index advanced 1.8 percent over the year as several categories within this group recorded increases. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, South Region, June 2012–June 2015

Food

The food index rose 0.2 percent in June, as prices for both food at home and food away from home edged up 0.2 percent each.

Since June 2014, the food index advanced 1.7 percent, reflecting price increases for both food away from home and food at home, up 3.1 and 0.7 percent, respectively.

Energy

The energy index rose 4.4 percent in June led by price increases for electricity (5.7 percent) and motor fuel (4.0 percent). Over the month, prices for utility (piped) gas service inched down 0.1 percent.

Over the year, energy prices fell 15.8 percent, reflecting a 24.9-percent drop in motor fuel prices. Utility (piped) gas service prices declined 14.9 percent since June 2014 and electricity prices decreased 1.8 percent.

All items less food and energy

The all items less food and energy index inched up 0.1 percent in June, as a price increase for shelter (0.4 percent) was partially offset by a 1.7-percent seasonal decline in apparel prices.

Since June 2014, the all items less food and energy index advanced 1.8 percent as several indexes saw increases, most notably shelter (3.1 percent). Medical care, fueled by increases in both medical care services (1.9 percent) and medical care commodities (3.1 percent), rose 2.2 percent over-the-year.  Indexes that declined since June 2014 included recreation (-0.2 percent) and apparel (-0.3 percent).

 

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 1.7 0.5 3.2 0.4 1.6 0.3 1.7 -0.7 -0.4

February

0.5 2.2 0.6 3.3 0.9 1.8 0.4 1.2 0.5 -0.3

March

1.2 2.8 0.7 2.8 0.3 1.5 0.6 1.5 0.6 -0.3

April

0.7 3.4 0.4 2.5 -0.2 0.9 0.5 2.3 0.3 -0.6

May

0.5 4.0 -0.4 1.6 0.0 1.3 0.2 2.4 0.4 -0.4

June

-0.2 3.8 -0.2 1.7 0.4 1.9 0.2 2.3 0.5 -0.1

July

0.2 4.1 -0.2 1.4 0.2 2.2 -0.1 2.0    

August

0.4 4.3 0.6 1.6 0.1 1.7 -0.2 1.7    

September

0.0 4.1 0.5 2.1 0.0 1.3 0.1 1.7    

October

-0.2 3.7 -0.2 2.1 -0.2 1.3 -0.3 1.6    

November

0.0 3.8 -0.5 1.6 -0.3 1.5 -0.6 1.3    

December

-0.2 3.3 -0.1 1.7 0.1 1.8 -0.6 0.6    

The Consumer Price Index for July 2015 is scheduled to be released on Wednesday, August 19, 2015.


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/homch17_a.htm.

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 South region is comprised of Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia.

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
South (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Apr.
2015
May
2015
Jun.
2015
Jun.
2014
Apr.
2015
May
2015

Expenditure category

 
 

All Items

229.957 230.886 232.026 -0.1 0.9 0.5

All items (December 1977=100)

373.023 374.529 376.378 - - -

Food and beverages

244.636 244.851 245.240 1.6 0.2 0.2

Food

245.962 246.196 246.670 1.7 0.3 0.2

Food at home

239.926 239.835 240.253 0.7 0.1 0.2

Food away from home

257.813 258.529 259.094 3.1 0.5 0.2

Alcoholic beverages

225.502 225.458 224.657 0.8 -0.4 -0.4

Housing

220.275 220.528 222.222 2.0 0.9 0.8

Shelter

249.515 249.802 250.743 3.1 0.5 0.4

Rent of primary residence (1)

255.547 255.748 256.660 3.7 0.4 0.4

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

251.632 251.990 252.938 3.0 0.5 0.4

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

251.622 251.982 252.929 3.0 0.5 0.4

Fuels and utilities

227.105 227.574 235.930 -2.0 3.9 3.7

Household energy

185.968 186.421 195.537 -3.8 5.1 4.9

Energy services (1)

186.013 186.536 195.913 -3.5 5.3 5.0

Electricity (1)

185.509 186.980 197.714 -1.8 6.6 5.7

Utility (piped) gas service (1)

173.902 168.220 167.997 -14.9 -3.4 -0.1

Household furnishings and operations

122.784 122.777 122.551 -0.2 -0.2 -0.2

Apparel

139.604 136.621 134.364 -0.3 -3.8 -1.7

Transportation

199.151 204.147 206.437 -7.7 3.7 1.1

Private transportation

197.101 201.689 203.934 -7.8 3.5 1.1

New and used motor vehicles (3)

104.254 104.313 104.054 0.6 -0.2 -0.2

New vehicles

154.314 154.261 153.737 0.8 -0.4 -0.3

New cars and trucks (3) (4)

105.042 105.005 104.662 0.8 -0.4 -0.3

New cars (4)

155.468 155.354 155.010 -0.1 -0.3 -0.2

Used cars and trucks

149.632 150.400 150.507 0.0 0.6 0.1

Motor fuel

208.485 226.151 235.267 -24.9 12.8 4.0

Gasoline (all types)

207.214 225.036 234.270 -24.9 13.1 4.1

Unleaded regular (4)

203.761 221.807 231.110 -25.4 13.4 4.2

Unleaded midgrade (4) (5)

222.556 239.714 249.024 -23.8 11.9 3.9

Unleaded premium (4)

218.536 234.639 243.022 -22.2 11.2 3.6

Medical care

422.149 423.536 424.087 2.2 0.5 0.1

Medical care commodities

338.125 340.143 340.501 3.1 0.7 0.1

Medical care services

450.505 451.591 452.215 1.9 0.4 0.1

Professional services

355.417 355.712 356.515 1.2 0.3 0.2

Recreation (3)

116.731 116.554 116.487 -0.2 -0.2 -0.1

Education and communication (3)

135.079 134.875 134.843 0.6 -0.2 0.0

Other goods and services

403.625 404.332 406.407 1.4 0.7 0.5
 

Commodity and service group

 
 

All Items

229.957 230.886 232.026 -0.1 0.9 0.5

Commodities

183.405 184.788 185.371 -3.4 1.1 0.3

Commodities less food and beverages

153.965 155.777 156.422 -6.3 1.6 0.4

Nondurables less food and beverages

196.880 200.889 202.634 -9.7 2.9 0.9

Nondurables less food, beverages, and apparel

232.803 240.844 244.888 -12.3 5.2 1.7

Durables

112.983 112.907 112.615 -0.8 -0.3 -0.3

Services

277.077 277.576 279.264 2.1 0.8 0.6

Rent of shelter (2)

255.972 256.266 257.266 3.0 0.5 0.4

Transportation services

309.595 312.266 313.286 2.2 1.2 0.3

Other services

330.713 330.600 330.904 1.7 0.1 0.1
 

Special aggregate indexes

 
 

All items less medical care

219.292 220.191 221.344 -0.3 0.9 0.5

All items less food

227.264 228.298 229.539 -0.4 1.0 0.5

All items less shelter

223.505 224.706 225.936 -1.5 1.1 0.5

Commodities less food

156.212 157.980 158.588 -6.1 1.5 0.4

Nondurables

219.734 221.992 223.112 -4.3 1.5 0.5

Nondurables less food

198.270 202.050 203.653 -9.1 2.7 0.8

Nondurables less food and apparel

231.027 238.346 241.960 -11.4 4.7 1.5

Services less rent of shelter (2)

312.288 313.063 315.678 1.2 1.1 0.8

Services less medical care services

261.302 261.755 263.476 2.2 0.8 0.7

Energy

192.447 200.710 209.641 -15.8 8.9 4.4

All items less energy

234.887 234.996 235.265 1.8 0.2 0.1

All items less food and energy

233.346 233.433 233.667 1.8 0.1 0.1

Commodities less food and energy commodities

150.118 149.613 149.007 -0.3 -0.7 -0.4

Energy commodities

212.298 229.848 238.861 -24.7 12.5 3.9

Services less energy services

286.614 287.109 287.919 2.6 0.5 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) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
 

- Data not available.
Regions defined as the four Census regions. South includes Alabama, Arkansas, Delaware, District of Columbia, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Friday, July 17, 2015