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PLS-4853

Wednesday, November 16, 2011

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Consumer Price Index, South Region – October 2011

Prices in the South unchanged over the month; up 4.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged down 0.2 percent in October, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that energy prices declined 4.1 percent over the month, while the indexes for food and all items less food and energy rose 0.4 and 0.3 percent, respectively. Within the all items less food and energy group, the indexes for shelter, apparel, and medical care were among those that recorded increases. (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 CPI-U advanced 3.7 percent. The index for all items less food and energy rose 2.1 percent over the year. (See chart 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), South region, October 2008–October 2011

Food

Food prices increased 0.4 percent in October, reflecting higher prices for both food at home (0.5 percent) and food away from home (0.2 percent).

Over the year, the index for food advanced 5.0 percent as prices for food at home and food away from home increased 6.6 and 2.8 percent, respectively.

Energy

The energy index declined 4.1 percent in October, led by a 3.9-percent decrease in motor fuel prices. Over the month, prices for electricity and utility (piped) gas service declined 4.8 and 2.7 percent, respectively.

Since October 2010, the energy index advanced 14.9 percent, dominated by a 23.8-percent jump in motor fuel prices. Electricity prices rose 3.6 percent during the same period, while prices for utility (piped) gas service declined 0.3 percent.

All items less food and energy

The index for all items less food and energy advanced 0.3 percent in October. Among the components of the index recording increases were shelter (0.3 percent), apparel (1.7 percent), and medical care (0.5 percent). Moderating the increase in the all items less food and energy index were lower prices for used cars and trucks, down 1.1 percent over the month.

Over the year, the index for all items less food and energy advanced 2.1 percent, reflecting higher prices for shelter (1.8 percent), new and used motor vehicles (3.7 percent), and medical care (2.8 percent).

The Consumer Price Index for November 2011 is scheduled to be released on Friday, December 16, 2011 at 8:30 a.m. (ET).

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

2006 2007 2008 2009 2010 2011
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

0.7 4.3 0.1 1.8 0.5 4.9 0.4 -0.1 0.3 2.8 0.5 1.7

February

0.2 3.8 0.5 2.2 0.3 4.6 0.5 0.1 0.0 2.3 0.5 2.2

March

0.5 3.7 1.0 2.6 0.8 4.4 0.3 -0.3 0.6 2.5 1.2 2.8

April

1.0 4.0 0.9 2.5 0.7 4.2 0.3 -0.7 0.1 2.4 0.7 3.4

May

0.4 4.4 0.6 2.7 0.9 4.6 0.3 -1.3 0.0 2.0 0.5 4.0

June

0.4 4.5 0.4 2.7 1.1 5.3 1.0 -1.4 -0.1 0.9 -0.2 3.8

July

0.4 4.5 -0.1 2.3 0.5 5.8 -0.3 -2.1 -0.1 1.0 0.2 4.1

August

0.1 4.1 -0.3 2.0 -0.4 5.6 0.1 -1.6 0.2 1.1 0.4 4.3

September

-0.7 2.0 0.3 3.0 0.1 5.4 0.0 -1.8 0.2 1.4 0.0 4.1

October

-0.6 1.1 0.2 3.8 -1.2 3.9 0.2 -0.4 0.1 1.3 -0.2 3.7

November

-0.2 1.9 0.6 4.7 -2.2 1.0 0.2 2.0 0.0 1.1 - -

December

0.3 2.5 0.0 4.4 -1.0 0.0 -0.1 2.9 0.2 1.4 - -

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 87 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 32 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 the 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 and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, available 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; TDD message referral phone number: (800) 877-8339.

For personal assistance or further information on Consumer Price Indexes, as well as other Bureau products, contact the Mid-Atlantic Information Office at (215) 597-3282 from 8:30 a.m. to 12:00 p.m. and 1:00 p.m. to 3:30 p.m. ET.

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.
2011
Sep.
2011
Oct.
2011
Oct.
2010
Aug.
2011
Sep.
2011

Expenditure category

 
 

All Items

220.471 220.371 219.969 3.7 -0.2 -0.2

All items (December 1977=100)

357.635 357.472 356.820      

Food and beverages

227.732 228.473 229.311 4.7 0.7 0.4

Food

228.736 229.526 230.382 5.0 0.7 0.4

Food at home

226.299 227.191 228.378 6.6 0.9 0.5

Food away from home

234.861 235.519 235.923 2.8 0.5 0.2

Alcoholic beverages

212.882 212.954 213.554 1.2 0.3 0.3

Housing

205.091 205.067 204.716 1.9 -0.2 -0.2

Shelter

226.288 226.320 227.027 1.8 0.3 0.3

Rent of primary residence (1)

227.710 228.177 229.174 2.8 0.6 0.4

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

230.028 230.017 230.742 1.6 0.3 0.3

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

230.015 230.001 230.727 1.6 0.3 0.3

Fuels and utilities

227.333 227.082 219.539 3.8 -3.4 -3.3

Household energy

194.652 194.264 185.827 3.6 -4.5 -4.3

Energy services (1)

194.552 194.147 185.417 3.1 -4.7 -4.5

Electricity (1)

191.683 191.604 182.489 3.6 -4.8 -4.8

Utility (piped) gas service (1)

196.921 194.283 189.035 -0.3 -4.0 -2.7

Household furnishings and operations

125.619 125.545 126.191 0.3 0.5 0.5

Apparel

131.544 133.593 135.906 2.7 3.3 1.7

Transportation

216.585 214.303 211.041 10.1 -2.6 -1.5

Private transportation

214.959 212.706 209.368 10.3 -2.6 -1.6

New and used motor vehicles (3)

101.868 101.336 100.857 3.7 -1.0 -0.5

New vehicles

147.285 147.301 147.228 3.6 0.0 0.0

New cars and trucks (3) (4)

100.259 100.269 100.224 3.6 0.0 0.0

New cars (4)

152.289 152.434 152.093 4.5 -0.1 -0.2

Used cars and trucks

153.261 151.329 149.668 5.1 -2.3 -1.1

Motor fuel

312.665 304.408 292.481 23.8 -6.5 -3.9

Gasoline (all types)

311.764 303.366 291.179 23.8 -6.6 -4.0

Unleaded regular (4)

311.105 302.543 290.203 24.0 -6.7 -4.1

Unleaded midgrade (4) (5)

324.458 315.962 303.731 23.6 -6.4 -3.9

Unleaded premium (4)

305.895 298.404 286.969 22.6 -6.2 -3.8

Medical care

381.259 381.856 383.731 2.8 0.6 0.5

Medical care commodities

305.643 306.607 307.737 2.6 0.7 0.4

Medical care services

406.686 407.102 409.272 2.9 0.6 0.5

Professional services

336.351 336.500 337.107 2.5 0.2 0.2

Recreation (3)

113.681 113.630 113.622 0.6 -0.1 0.0

Education and communication (3)

128.215 128.626 128.847 1.4 0.5 0.2

Other goods and services

377.966 380.752 381.696 1.7 1.0 0.2
 

Commodity and service group

 
 

All Items

220.471 220.371 219.969 3.7 -0.2 -0.2

Commodities

187.552 187.163 186.510 5.9 -0.6 -0.3

Commodities less food and beverages

166.541 165.692 164.434 6.5 -1.3 -0.8

Nondurables less food and beverages

219.893 218.730 216.479 9.6 -1.6 -1.0

Nondurables less food, beverages, and apparel

273.730 270.760 265.929 11.7 -2.8 -1.8

Durables

116.660 116.104 115.773 1.6 -0.8 -0.3

Services

254.365 254.546 254.386 2.3 0.0 -0.1

Rent of shelter (2)

232.575 232.604 233.319 1.8 0.3 0.3

Transportation services

280.250 280.696 280.889 3.7 0.2 0.1

Other services

305.394 306.266 306.889 2.1 0.5 0.2
 

Special aggregate indexes

 
 

All items less medical care

211.231 211.104 210.616 3.8 -0.3 -0.2

All items less food

218.986 218.745 218.144 3.5 -0.4 -0.3

All items less shelter

219.680 219.523 218.647 4.6 -0.5 -0.4

Commodities less food

168.150 167.325 166.117 6.3 -1.2 -0.7

Nondurables

224.283 224.000 223.175 7.2 -0.5 -0.4

Nondurables less food

219.301 218.209 216.122 9.1 -1.4 -1.0

Nondurables less food and apparel

267.250 264.556 260.215 10.9 -2.6 -1.6

Services less rent of shelter (2)

289.808 290.196 288.866 2.8 -0.3 -0.5

Services less medical care services

240.272 240.436 240.148 2.2 -0.1 -0.1

Energy

244.665 240.549 230.716 14.9 -5.7 -4.1

All items less energy

218.390 218.746 219.413 2.6 0.5 0.3

All items less food and energy

216.946 217.224 217.859 2.1 0.4 0.3

Commodities less food and energy commodities

148.505 148.829 149.273 1.8 0.5 0.3

Energy commodities

316.588 308.395 296.583 23.8 -6.3 -3.8

Services less energy services

260.470 260.713 261.468 2.2 0.4 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: November 16, 2011