errata

Incorrect prices for prescription drugs were used for the CPI-U and CPI-W indexes from May through August 2016 in a number of areas. Several indexes were affected, including the all items and medical care indexes. A list of the series affected can be found at (www.bls.gov/bls/errata/cpi-price-corrections-10182016.htm), and the corrected data are available in the CPI database (www.bls.gov/cpi/data.htm).

News Release Information

16-1505-ATL
Friday, July 15, 2016

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Consumer Price Index for Tampa-St. Petersburg-Clearwater – First Half 2016

Local prices up 0.5 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Tampa-St. Petersburg-Clearwater area rose 0.5 percent from the first half of 2015 to the first half of 2016, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the all items less food and energy index was 1.5 percent higher compared to its first half 2015 level as price increases were noted for several categories, most notably shelter. Food prices advanced 1.0 percent over the year while the index for energy fell 10.7 percent. (See chart 1.)

Food

Food prices advanced 1.0 percent since the first half of 2015, led by a 2.4-percent increase in prices for food away from home. Prices for food at home inched up 0.1 percent over-the-year.

Energy

The energy index declined 10.7 percent from the first half of 2015 to the first half of 2016, primarily due to a 17.2 percent drop in prices for motor fuel. Prices also declined for electricity (-5.1 percent), while  prices for utility (piped) gas service were up 0.8 percent over-the-year.

All items less food and energy

The index for all items less food and energy advanced 1.5 percent since the first half of 2015 reflecting a 2.3 increase in the shelter index. Other indexes noting increases over the year included medical care (2.7 percent), education and communication (1.7 percent), and apparel (2.5 percent).

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 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/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 Tampa-St. Petersburg-Clearwater, Fla. metropolitan statistical area covered in this release is comprised of Hernando, Hillsborough, Pasco, and Pinellas Counties in Florida.

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 for semiannual averages and percent changes for selected periods
Tampa-St. Petersburg-Clearwater, FL (1987=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to 1st half 2016 from-
1st half
2015
2nd half
2015
1st half
2016
1st half
2015
2nd half
2015

Expenditure category

 
 

All Items

211.414 211.699 212.502 0.5 0.4

Food and beverages

218.420 220.932 220.124 0.8 -0.4

Food

218.144 220.984 220.247 1.0 -0.3

Food at home

224.187 226.422 224.327 0.1 -0.9

Food away from home

209.072 212.819 214.118 2.4 0.6

Alcoholic beverages

208.584 206.233 204.516 -2.0 -0.8

Housing

202.433 203.529 205.341 1.4 0.9

Shelter

225.876 227.835 230.983 2.3 1.4

Rent of primary residence (1)

227.301 228.878 231.791 2.0 1.3

Owners' equiv. rent of residences (1)

237.225 239.792 242.531 2.2 1.1

Owners' equiv. rent of primary residence (1)

237.225 239.792 242.531 2.2 1.1

Fuels and utilities

211.931 212.273 205.459 -3.1 -3.2

Household energy

171.886 171.464 163.804 -4.7 -4.5

Energy services (1)

169.510 169.242 161.716 -4.6 -4.4

Electricity (1)

167.041 166.029 158.485 -5.1 -4.5

Utility (piped) gas service (1)

250.972 260.101 253.075 0.8 -2.7

Household furnishings and operations

113.824 112.021 113.654 -0.1 1.5

Apparel

163.642 166.111 167.709 2.5 1.0

Transportation

189.782 185.070 183.226 -3.5 -1.0

Private transportation

193.633 188.856 186.345 -3.8 -1.3

Motor fuel

265.765 242.147 220.075 -17.2 -9.1

Gasoline (all types)

259.970 237.552 216.235 -16.8 -9.0

Unleaded regular (2)

254.620 231.290 209.456 -17.7 -9.4

Unleaded midgrade (2) (3)

232.570 214.245 197.627 -15.0 -7.8

Unleaded premium (2)

270.390 253.542 233.336 -13.7 -8.0

Medical Care

363.366 370.869 373.162 2.7 0.6

Recreation (4)

126.097 123.943 124.807 -1.0 0.7

Education and communication (4)

139.656 140.190 142.030 1.7 1.3

Other goods and services

296.536 294.129 293.524 -1.0 -0.2
 

Commodity and service group

 
 

All Items

211.414 211.699 212.502 0.5 0.4

Commodities

173.268 172.569 171.518 -1.0 -0.6

Commodities less food & beverages

149.312 147.052 145.893 -2.3 -0.8

Nondurables less food & beverages

216.134 212.972 209.372 -3.1 -1.7

Durables

92.761 91.279 91.874 -1.0 0.7

Services

245.340 246.472 248.841 1.4 1.0
 

Special aggregate indexes

 
 

All items less medical care

203.187 203.150 203.891 0.3 0.4

All items less shelter

206.130 205.661 205.409 -0.3 -0.1

Commodities less food

152.535 150.250 149.067 -2.3 -0.8

Nondurables

216.658 216.512 214.382 -1.1 -1.0

Nondurables less food

215.703 212.595 209.126 -3.0 -1.6

Services less rent of shelter

266.337 266.335 267.538 0.5 0.5

Services less medical care services

233.662 234.655 237.400 1.6 1.2

Energy

207.206 197.935 185.072 -10.7 -6.5

All items less energy

211.451 212.560 214.506 1.4 0.9

All items less food and energy

210.454 211.247 213.692 1.5 1.2

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) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.
(4) Indexes on a December 1997=100 base.
 

NOTE: Data not seasonally adjusted.
 

 

Last Modified Date: Friday, July 15, 2016