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14-2003-PHI

Wednesday, October 22, 2014

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Consumer Price Index, South Region – September 2014

Prices in the South up 0.1 percent over the month and 1.7 percent over the year

 

The Consumer Price Index for All Urban Consumers (CPI-U) for the South inched up 0.1 percent in September, 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, as increases for apparel, shelter, and education and communication were largely offset by price decreases for used cars and trucks, and medical care. The food index rose 0.3 percent over the month, while the energy index declined 1.4 percent. (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 1.7 percent. The index for all items less food and energy rose 1.8 percent over the year. (See chart 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), South region, September 2011 to September 2014 (not seasonally adjusted)

Food

The food index rose 0.3 percent in September. Prices for food at home and food away from home increased 0.4 and 0.2 percent, respectively.

Since September 2013, the food index advanced 2.7 percent, reflecting higher prices for both food at home (2.9 percent) and food away from home (2.5 percent).

Energy

The energy index declined 1.4 percent over the month, led by a 2.2-percent drop in motor fuel prices. Prices for electricity edged down 0.2 percent and utility (piped) gas service prices decreased 0.7 percent.

Over the year, energy prices decreased 0.3 percent, as a 3.4-percent decrease in motor fuel prices was largely offset by price increases for electricity (4.0 percent) and utility (piped) gas service (3.6 percent).

All items less food and energy

The all items less food and energy index edged up 0.2 percent in September, mainly reflecting a seasonal increase in apparel prices (4.3 percent). Price increases were also noted for shelter and education and communication, up 0.2 percent each. These advances were largely offset by a 1.3-percent decrease in prices for used cars and trucks and a 0.1-percent decline in prices for medical care.

Since September 2013, the all items less food and energy index advanced 1.8 percent, led by price increases for shelter (3.4 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    

November

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

December

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

The October 2014 Consumer Price Index for the South region is scheduled to be released on November 20, 2014, 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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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:  1-800-877-8339.

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-
Jul.
2014
Aug.
2014
Sep.
2014
Sep.
2013
Jul.
2014
Aug.
2014

Expenditure category

 
 

All Items

232.013 231.611 231.762 1.7 -0.1 0.1

All items (December 1977=100)

376.357 375.705 375.950      

Food and beverages

241.320 242.188 242.958 2.6 0.7 0.3

Food

242.637 243.595 244.435 2.7 0.7 0.3

Food at home

238.328 239.635 240.648 2.9 1.0 0.4

Food away from home

251.896 252.353 252.945 2.5 0.4 0.2

Alcoholic beverages

222.315 221.932 221.751 0.2 -0.3 -0.1

Housing

218.435 218.657 218.871 2.9 0.2 0.1

Shelter

243.994 244.437 244.915 3.4 0.4 0.2

Rent of primary residence (1)

248.352 248.868 249.696 3.5 0.5 0.3

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

246.161 246.947 247.408 3.0 0.5 0.2

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

246.160 246.947 247.405 3.0 0.5 0.2

Fuels and utilities

241.330 240.622 240.094 3.6 -0.5 -0.2

Household energy

203.523 202.457 201.820 3.9 -0.8 -0.3

Gas (piped) and electricity (1)

203.393 202.315 201.702 3.9 -0.8 -0.3

Electricity (1)

201.889 201.483 200.986 4.0 -0.4 -0.2

Utility (piped) gas service (1)

196.345 190.984 189.676 3.6 -3.4 -0.7

Household furnishings and operations

122.673 122.775 122.581 -1.7 -0.1 -0.2

Apparel

131.768 131.830 137.500 -0.7 4.4 4.3

Transportation

222.030 218.549 216.416 -0.5 -2.5 -1.0

Private transportation

220.385 217.161 215.116 -0.3 -2.4 -0.9

New and used motor vehicles (3)

103.500 103.794 103.447 0.5 -0.1 -0.3

New vehicles

152.197 152.785 152.721 0.6 0.3 0.0

New cars and trucks (3) (4)

103.586 103.992 103.944 0.6 0.3 0.0

New cars (3)

154.568 154.191 154.279 0.3 -0.2 0.1

Used cars and trucks

151.454 151.912 149.946 -0.3 -1.0 -1.3

Motor fuel

309.457 294.814 288.305 -3.4 -6.8 -2.2

Gasoline (all types)

307.942 293.183 286.657 -3.4 -6.9 -2.2

Unleaded regular (4)

305.743 290.648 284.020 -3.6 -7.1 -2.3

Unleaded midgrade (4) (5)

322.901 308.751 302.405 -2.8 -6.3 -2.1

Unleaded premium (4)

309.108 296.237 290.420 -2.5 -6.0 -2.0

Medical Care

415.471 415.472 415.075 1.5 -0.1 -0.1

Medical care commodities

331.431 332.789 332.659 2.7 0.4 0.0

Medical care services

443.960 443.374 442.868 1.1 -0.2 -0.1

Professional services

352.060 352.442 351.940 0.7 0.0 -0.1

Recreation (3)

116.065 115.344 115.376 -0.2 -0.6 0.0

Education and communication (3)

134.323 135.248 135.561 1.7 0.9 0.2

Other goods and services

400.736 400.864 400.392 1.7 -0.1 -0.1
 

Commodity and Service Group

 
 

All Items

232.013 231.611 231.762 1.7 -0.1 0.1

Commodities

191.107 190.079 190.179 0.1 -0.5 0.1

Commodities less food & beverages

165.862 164.104 163.933 -1.3 -1.2 -0.1

Nondurables less food & beverages

222.243 218.263 218.400 -1.1 -1.7 0.1

Nondurables less food, beverages, and apparel

277.427 271.086 268.090 -1.2 -3.4 -1.1

Durables

113.270 113.421 112.999 -1.4 -0.2 -0.4

Services

273.702 273.900 274.102 2.8 0.1 0.1

Rent of shelter (2)

250.345 250.779 251.270 3.3 0.4 0.2

Transportation services

303.507 302.795 301.863 2.1 -0.5 -0.3

Other services

325.455 326.112 326.664 1.8 0.4 0.2
 

Special aggregate indexes:

 
 

All items less medical care

221.700 221.285 221.457 1.7 -0.1 0.1

All items less food

230.141 229.531 229.576 1.5 -0.2 0.0

All items less shelter

228.711 227.957 227.973 1.0 -0.3 0.0

Commodities less food

167.738 166.013 165.841 -1.2 -1.1 -0.1

Nondurables

231.846 230.107 230.539 0.6 -0.6 0.2

Nondurables less food

222.031 218.253 218.373 -1.0 -1.6 0.1

Nondurables less food and apparel

271.393 265.587 262.843 -1.1 -3.2 -1.0

Services less rent of shelter (2)

311.678 311.581 311.420 2.2 -0.1 -0.1

Services less medical care services

258.183 258.424 258.665 2.9 0.2 0.1

Energy

247.539 240.328 237.036 -0.3 -4.2 -1.4

All items less energy

230.998 231.359 231.897 2.0 0.4 0.2

All items less food and energy

229.353 229.610 230.096 1.8 0.3 0.2

Commodities less food and energy commodities

148.732 148.860 149.611 -0.5 0.6 0.5

Energy commodities

313.615 299.000 292.465 -3.3 -6.7 -2.2

Services less energy services

280.892 281.234 281.528 2.7 0.2 0.1

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

 

Last Modified Date: October 22, 2014