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14-2266-ATL
December 17, 2014

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Consumer Price Index, South Region-November 2014

Prices in the South down 0.6 percent in November; up 1.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South declined 0.6 percent in November, the U.S. Bureau of Labor Statistics reported today. The energy index decreased 6.2 percent since October 2014, while the food index edged up 0.2 percent. The all items less food and energy index was unchanged in November, as price increases for shelter were largely offset by price decreases for apparel. (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 rose 1.3 percent. The index for all items less food and energy advanced 1.9 percent over the year. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, South Region, November 2011-November 2014

Food

The food index edged up 0.2 percent in November led by an increase in prices for food away from home (0.4 percent). Prices for food at home were unchanged over the month.

Since November 2013, the food index advanced 3.1 percent, reflecting higher prices for both food at home (3.4 percent) and food away from home (2.6 percent).

Energy

The energy index declined 6.2 percent over the month, led by price decreases in motor fuel and electricity, down 9.1 and 2.8 percent, respectively. Prices for utility (piped) gas service declined 0.7 percent in November.

Over the year, energy prices decreased 5.8 percent, reflecting an 11.9-percent decrease in motor fuel prices. Since November 2013, prices for electricity and utility (piped) gas service increased 2.5 and 1.6 percent, respectively.

All items less food and energy

The all items less food and energy index was unchanged in November, as price increases for shelter (0.2 percent) were largely offset by a seasonal decline in apparel prices (-1.8 percent).

Since November 2013, the all items less food and energy index advanced 1.9 percent, led by price increases for shelter (3.4 percent) and medical care (2.2 percent).

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

 
2009 2010 2011 2012 2013 2014
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 -0.1 0.3 2.8 0.5 1.7 0.5 3.2 0.4 1.6 0.3 1.7

February

0.5 0.1 0.0 2.3 0.5 2.2 0.6 3.3 0.9 1.8 0.4 1.2

March

0.3 -0.3 0.6 2.5 1.2 2.8 0.7 2.8 0.3 1.5 0.6 1.5

April

0.3 -0.7 0.1 2.4 0.7 3.4 0.4 2.5 -0.2 0.9 0.5 2.3

May

0.3 -1.3 0.0 2.0 0.5 4.0 -0.4 1.6 0.0 1.3 0.2 2.4

June

1.0 -1.4 -0.1 0.9 -0.2 3.8 -0.2 1.7 0.4 1.9 0.2 2.3

July

-0.3 -2.1 -0.1 1.0 0.2 4.1 -0.2 1.4 0.2 2.2 -0.1 2.0

August

0.1 -1.6 0.2 1.1 0.4 4.3 0.6 1.6 0.1 1.7 -0.2 1.7

September

0.0 -1.8 0.2 1.4 0.0 4.1 0.5 2.1 0.0 1.3 0.1 1.7

October

0.2 -0.4 0.1 1.3 -0.2 3.7 -0.2 2.1 -0.2 1.3 -0.3 1.6

November

0.2 2.0 0.0 1.1 0.0 3.8 -0.5 1.6 -0.3 1.5 -0.6 1.3

December

-0.1 2.9 0.2 1.4 -0.2 3.3 -0.1 1.7 0.1 1.8 - -

The December 2014 Consumer Price Index for the South region is scheduled to be released on Friday, January 16, 2015 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 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 4,000 housing units and approximately 26,000 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-
Sep.
2014
Oct.
2014
Nov.
2014
Nov.
2013
Sep.
2014
Oct.
2014

Expenditure category

 

All Items

231.762 231.131 229.845 1.3 -0.8 -0.6

All items (December 1977=100)

375.950 374.926 372.840      

Food and beverages

242.958 243.349 243.889 3.0 0.4 0.2

Food

244.435 244.771 245.205 3.1 0.3 0.2

Food at home

240.648 240.848 240.939 3.4 0.1 0.0

Food away from home

252.945 253.489 254.433 2.6 0.6 0.4

Alcoholic beverages

221.751 222.879 224.885 1.8 1.4 0.9

Housing

218.871 218.180 217.990 2.8 -0.4 -0.1

Shelter

244.915 245.401 246.003 3.4 0.4 0.2

Rent of primary residence (1)

249.696 250.536 251.781 3.9 0.8 0.5

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

247.408 248.066 248.944 3.2 0.6 0.4

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

247.405 248.064 248.934 3.2 0.6 0.4

Fuels and utilities

240.094 232.365 228.352 2.7 -4.9 -1.7

Household energy

201.820 192.649 187.777 2.2 -7.0 -2.5

Energy services (1)

201.702 192.414 187.502 2.4 -7.0 -2.6

Electricity (1)

200.986 190.427 185.032 2.5 -7.9 -2.8

Utility (piped) gas service (1)

189.676 189.416 188.053 1.6 -0.9 -0.7

Household furnishings and operations

122.581 122.608 122.278 -0.8 -0.2 -0.3

Apparel

137.500 141.107 138.597 -0.2 0.8 -1.8

Transportation

216.416 212.800 206.773 -3.2 -4.5 -2.8

Private transportation

215.116 211.206 204.697 -3.3 -4.8 -3.1

New and used motor vehicles (3)

103.447 103.008 102.443 0.0 -1.0 -0.5

New vehicles

152.721 152.959 153.371 1.0 0.4 0.3

New cars and trucks (3) (4)

103.944 104.116 104.410 1.1 0.4 0.3

New cars (4)

154.279 154.584 155.148 0.9 0.6 0.4

Used cars and trucks

149.946 146.766 143.143 -3.0 -4.5 -2.5

Motor fuel

288.305 272.547 247.707 -11.9 -14.1 -9.1

Gasoline (all types)

286.657 270.847 245.843 -11.9 -14.2 -9.2

Unleaded regular (4)

284.020 267.838 242.473 -12.4 -14.6 -9.5

Unleaded midgrade (4) (5)

302.405 286.894 262.525 -10.5 -13.2 -8.5

Unleaded premium (4)

290.420 277.087 254.811 -9.7 -12.3 -8.0

Medical care

415.075 415.601 416.704 2.2 0.4 0.3

Medical care commodities

332.659 332.811 332.818 2.3 0.0 0.0

Medical care services

442.868 443.547 445.104 2.2 0.5 0.4

Professional services

351.940 352.557 354.405 1.4 0.7 0.5

Recreation (3)

115.376 115.723 115.626 0.0 0.2 -0.1

Education and communication (3)

135.561 135.265 135.056 1.2 -0.4 -0.2

Other goods and services

400.392 402.960 402.176 2.1 0.4 -0.2

Commodity and service group

 

All Items

231.762 231.131 229.845 1.3 -0.8 -0.6

Commodities

190.179 189.105 186.334 -0.8 -2.0 -1.5

Commodities less food and beverages

163.933 162.303 158.283 -3.0 -3.4 -2.5

Nondurables less food and beverages

218.400 215.384 207.305 -4.1 -5.1 -3.8

Nondurables less food, beverages, and apparel

268.090 261.266 249.889 -5.2 -6.8 -4.4

Durables

112.999 112.579 112.074 -1.4 -0.8 -0.4

Services

274.102 273.893 274.028 2.8 0.0 0.0

Rent of shelter (2)

251.270 251.791 252.409 3.3 0.5 0.2

Transportation services

301.863 304.560 306.485 2.0 1.5 0.6

Other services

326.664 327.327 327.332 1.8 0.2 0.0

Special aggregate indexes

 

All items less medical care

221.457 220.784 219.409 1.3 -0.9 -0.6

All items less food

229.576 228.798 227.250 1.1 -1.0 -0.7

All items less shelter

227.973 226.875 224.799 0.4 -1.4 -0.9

Commodities less food

165.841 164.280 160.410 -2.8 -3.3 -2.4

Nondurables

230.539 229.096 224.998 -0.6 -2.4 -1.8

Nondurables less food

218.373 215.588 208.074 -3.7 -4.7 -3.5

Nondurables less food and apparel

262.843 256.725 246.534 -4.7 -6.2 -4.0

Services less rent of shelter (2)

311.420 310.276 309.801 2.3 -0.5 -0.2

Services less medical care services

258.665 258.406 258.453 2.9 -0.1 0.0

Energy

237.036 225.058 211.214 -5.8 -10.9 -6.2

All items less energy

231.897 232.537 232.656 2.1 0.3 0.1

All items less food and energy

230.096 230.790 230.855 1.9 0.3 0.0

Commodities less food and energy commodities

149.611 150.101 149.232 -0.4 -0.3 -0.6

Energy commodities

292.465 276.664 251.820 -11.7 -13.9 -9.0

Services less energy services

281.528 282.350 283.059 2.8 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.
 

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.
- Data not available.
 

 

Last Modified Date: Wednesday, December 17, 2014