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Thursday, November 17, 2016

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Consumer Price Index, South Region – October 2016

Prices up 0.1 percent over the month and 1.5 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South was up 0.1 percent in October, the U.S. Bureau of Labor Statistics reported today. The all items less food and energy index edged up 0.2 percent over the month. The energy index declined 0.9 percent and the food index inched down 0.1 percent in October. (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 advanced 1.5 percent. The all items less food and energy index increased 2.0 percent over the year reflecting price increases for shelter and medical care. (See chart 1.)

Food

The food index inched down 0.1 percent in October, led by a decline in the food at home index (-0.1 percent). The food away from home index inched up 0.1 percent over the month.

The food index declined 0.7 percent over the year. The food at home index declined 2.4 percent since October 2015, while the food away from home index was up 1.7 percent.

Energy

The energy index declined 0.9 percent in October, reflecting a price decrease for electricity (-4.9 percent). Prices for motor fuel and utility (piped) gas service advanced over-the-month, up 3.1 and 1.5 percent, respectively.

From October 2015—October 2016, energy prices rose 0.9 percent, led by price increases for motor fuel (3.1 percent) and utility (piped) gas serice (5.1 percent). Since October 2015, prices for electricity declined 1.6 percent.

All items less food and energy

The all items less food and energy index edged up 0.2 percent in October. Price increases for shelter (0.4 percent) and apparel (2.6 percent) were partially offset by price declines for education and communication (-0.5 percent) and medical care (-0.2 percent).

Since October 2015, the all items less food and energy index advanced 2.0 percent—led by increases in shelter (2.8 percent) and medical care (4.7 percent).

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 3.2 0.4 1.6 0.3 1.7 -0.7 -0.4 0.0 1.2

February

0.6 3.3 0.9 1.8 0.4 1.2 0.5 -0.3 0.1 0.7

March

0.7 2.8 0.3 1.5 0.6 1.5 0.6 -0.3 0.6 0.7

April

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

May

-0.4 1.6 0.0 1.3 0.2 2.4 0.4 -0.4 0.4 0.9

June

-0.2 1.7 0.4 1.9 0.2 2.3 0.5 -0.1 0.4 0.8

July

-0.2 1.4 0.2 2.2 -0.1 2.0 -0.1 -0.1 -0.2 0.7

August

0.6 1.6 0.1 1.7 -0.2 1.7 -0.2 -0.2 0.1 1.0

September

0.5 2.1 0.0 1.3 0.1 1.7 -0.2 -0.4 0.2 1.4

October

-0.2 2.1 -0.2 1.3 -0.3 1.6 0.0 -0.1 0.1 1.5

November

-0.5 1.6 -0.3 1.5 -0.6 1.3 -0.2 0.3    

December

-0.1 1.7 0.1 1.8 -0.6 0.6 -0.4 0.5    

The Consumer Price Index for November 2016 is scheduled to be released on Thursday, December 15, 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 http://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 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-
Aug.
2016
Sep.
2016
Oct.
2016
Oct.
2015
Aug.
2016
Sep.
2016

Expenditure category

 
 

All Items

233.561 234.069 234.337 1.5 0.3 0.1

All items (December 1977=100)

378.869 379.692 380.128 - - -

Food and beverages

245.933 246.124 246.050 -0.6 0.0 0.0

Food

247.244 247.447 247.297 -0.7 0.0 -0.1

Food at home

236.995 237.115 236.767 -2.4 -0.1 -0.1

Food away from home

265.365 265.693 265.836 1.7 0.2 0.1

Alcoholic beverages

227.167 227.177 228.258 0.9 0.5 0.5

Housing

227.181 227.706 227.449 2.1 0.1 -0.1

Shelter

258.699 259.223 260.226 2.8 0.6 0.4

Rent of primary residence (1)

267.107 267.808 268.955 3.2 0.7 0.4

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

260.583 261.457 262.428 2.7 0.7 0.4

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

260.572 261.447 262.417 2.7 0.7 0.4

Fuels and utilities

234.622 235.682 228.479 0.0 -2.6 -3.1

Household energy

191.542 192.583 184.770 -0.8 -3.5 -4.1

Energy services (1)

192.289 193.282 185.252 -0.8 -3.7 -4.2

Electricity (1)

192.398 193.321 183.807 -1.6 -4.5 -4.9

Utility (piped) gas service (1)

175.598 176.981 179.609 5.1 2.3 1.5

Household furnishings and operations

121.468 121.655 121.665 -0.1 0.2 0.0

Apparel

131.921 135.785 139.363 0.5 5.6 2.6

Transportation

194.845 195.556 197.032 1.8 1.1 0.8

Private transportation

192.984 193.812 195.115 2.0 1.1 0.7

New and used motor vehicles (3)

103.168 102.438 101.834 -0.8 -1.3 -0.6

New vehicles

152.844 152.553 152.471 -0.1 -0.2 -0.1

New cars and trucks (3) (4)

104.035 103.834 103.841 0.0 -0.2 0.0

New cars (4)

152.825 152.288 152.259 -0.6 -0.4 0.0

Used cars and trucks

145.339 143.055 140.499 -3.6 -3.3 -1.8

Motor fuel

181.044 186.719 192.419 3.1 6.3 3.1

Gasoline (all types)

180.147 185.815 191.516 3.2 6.3 3.1

Unleaded regular (4)

175.370 181.138 186.837 3.2 6.5 3.1

Unleaded midgrade (4) (5)

200.720 205.793 211.713 3.7 5.5 2.9

Unleaded premium (4)

201.483 205.730 210.816 3.5 4.6 2.5

Medical care

448.279 449.332 448.472 4.7 0.0 -0.2

Medical care commodities

363.459 365.160 366.759 6.0 0.9 0.4

Medical care services

476.586 477.364 475.525 4.3 -0.2 -0.4

Professional services

366.437 367.080 366.426 2.4 0.0 -0.2

Recreation (3)

117.345 116.218 116.389 0.4 -0.8 0.1

Education and communication (3)

137.224 136.917 136.266 -0.5 -0.7 -0.5

Other goods and services

415.343 416.491 416.906 1.6 0.4 0.1
 

Commodity and service group

 
 

All Items

233.561 234.069 234.337 1.5 0.3 0.1

Commodities

179.538 180.284 180.964 -0.3 0.8 0.4

Commodities less food and beverages

148.138 149.086 150.048 -0.1 1.3 0.6

Nondurables less food and beverages

188.364 191.404 194.275 1.7 3.1 1.5

Nondurables less food, beverages, and apparel

223.612 226.285 228.846 2.1 2.3 1.1

Durables

109.861 109.229 108.745 -2.0 -1.0 -0.4

Services

287.926 288.208 288.084 2.6 0.1 0.0

Rent of shelter (2)

265.498 266.051 267.094 2.8 0.6 0.4

Transportation services

326.442 326.236 329.382 4.9 0.9 1.0

Other services

340.084 338.969 338.439 1.3 -0.5 -0.2
 

Special aggregate indexes

 
 

All items less medical care

221.849 222.327 222.646 1.2 0.4 0.1

All items less food

231.224 231.778 232.111 1.9 0.4 0.1

All items less shelter

224.826 225.330 225.297 0.9 0.2 0.0

Commodities less food

150.575 151.503 152.471 -0.1 1.3 0.6

Nondurables

215.664 217.340 218.802 0.4 1.5 0.7

Nondurables less food

190.333 193.211 195.986 1.6 3.0 1.4

Nondurables less food and apparel

222.822 225.268 227.699 2.0 2.2 1.1

Services less rent of shelter (2)

325.150 325.096 323.480 2.5 -0.5 -0.5

Services less medical care services

270.966 271.211 271.203 2.4 0.1 0.0

Energy

182.890 185.958 184.284 0.9 0.8 -0.9

All items less energy

239.992 240.219 240.703 1.6 0.3 0.2

All items less food and energy

239.128 239.360 239.956 2.0 0.3 0.2

Commodities less food and energy commodities

147.713 147.984 148.302 -0.5 0.4 0.2

Energy commodities

184.244 189.972 195.691 3.0 6.2 3.0

Services less energy services

297.949 298.150 298.926 2.9 0.3 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: Thursday, November 17, 2016