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PLS-4858

Friday, December 16, 2011

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Consumer Price Index, South Region – November 2011

Prices in the South were unchanged over the month; up 3.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South was unchanged in November, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that energy prices declined 1.3 percent over the month, while the index for food was unchanged. The index for all items less food and energy edged up 0.2 percent in November. Within the all items less food and energy group, price increases for items including medical care, shelter, and apparel were largely offset by price decreases for used cars and trucks and recreation, among others. (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 3.8 percent. The index for all items less food and energy rose 2.3 percent over the year. (See chart 1.)

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

Food

Food prices were unchanged in November as a 0.2-percent decline in prices for food at home was offset by a 0.3-percent rise in prices for food away from home.

Since November 2010, the index for food advanced 4.9 percent, reflecting over-the-year increases in prices for food at home (6.3 percent) and food away from home (3.0 percent).

Energy

The energy index declined 1.3 percent in November, reflecting decreases in prices for electricity (-1.9 percent), motor fuel (-1.0 percent), and utility (piped) gas service (-0.8 percent).

Over the year, energy prices advanced 13.7 percent, dominated by a 20.9-percent jump in motor fuel prices. During the same period, prices for electricity and utility (piped) gas service rose 4.1 and 1.4 percent, respectively.

All items less food and energy

The index for all items less food and energy edged up 0.2 percent in November. Among the components of the index recording increases were medical care (0.7 percent), shelter (0.1 percent), and apparel (0.6 percent). Lower prices for used cars and trucks (-1.3 percent) and recreation (-0.3 percent) helped to moderate the overall advance.

Over the year, the index for all items less food and energy advanced 2.3 percent, reflecting higher prices for a number of components, led by shelter (1.9 percent), medical care (3.5 percent), and new and used motor vehicles (3.4 percent).

The Consumer Price Index for December 2011 is scheduled to be released on Thursday, January 19, 2012 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 0.0 3.8

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-
Sep.
2011
Oct.
2011
Nov.
2011
Nov.
2010
Sep.
2011
Oct.
2011

Expenditure category

 
 

All Items

220.371 219.969 219.961 3.8 -0.2 0.0

All items (December 1977=100)

357.472 356.820 356.807      

Food and beverages

228.473 229.311 229.243 4.6 0.3 0.0

Food

229.526 230.382 230.365 4.9 0.4 0.0

Food at home

227.191 228.378 227.816 6.3 0.3 -0.2

Food away from home

235.519 235.923 236.665 3.0 0.5 0.3

Alcoholic beverages

212.954 213.554 212.806 1.2 -0.1 -0.4

Housing

205.067 204.716 204.579 2.1 -0.2 -0.1

Shelter

226.320 227.027 227.341 1.9 0.5 0.1

Rent of primary residence (1)

228.177 229.174 229.801 2.9 0.7 0.3

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

230.017 230.742 231.249 1.7 0.5 0.2

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

230.001 230.727 231.235 1.7 0.5 0.2

Fuels and utilities

227.082 219.539 216.830 4.1 -4.5 -1.2

Household energy

194.264 185.827 182.761 4.2 -5.9 -1.6

Energy services (1)

194.147 185.417 182.189 3.8 -6.2 -1.7

Electricity (1)

191.604 182.489 179.049 4.1 -6.6 -1.9

Utility (piped) gas service (1)

194.283 189.035 187.576 1.4 -3.5 -0.8

Household furnishings and operations

125.545 126.191 126.131 0.7 0.5 0.0

Apparel

133.593 135.906 136.744 4.1 2.4 0.6

Transportation

214.303 211.041 210.402 9.1 -1.8 -0.3

Private transportation

212.706 209.368 208.729 9.3 -1.9 -0.3

New and used motor vehicles (3)

101.336 100.857 100.351 3.4 -1.0 -0.5

New vehicles

147.301 147.228 147.112 3.2 -0.1 -0.1

New cars and trucks (3) (4)

100.269 100.224 100.139 3.2 -0.1 -0.1

New cars (4)

152.434 152.093 151.876 4.3 -0.4 -0.1

Used cars and trucks

151.329 149.668 147.733 4.9 -2.4 -1.3

Motor fuel

304.408 292.481 289.582 20.9 -4.9 -1.0

Gasoline (all types)

303.366 291.179 287.917 20.7 -5.1 -1.1

Unleaded regular (4)

302.543 290.203 286.906 20.9 -5.2 -1.1

Unleaded midgrade (4) (5)

315.962 303.731 300.111 20.3 -5.0 -1.2

Unleaded premium (4)

298.404 286.969 284.333 19.7 -4.7 -0.9

Medical care

381.856 383.731 386.472 3.5 1.2 0.7

Medical care commodities

306.607 307.737 308.507 2.7 0.6 0.3

Medical care services

407.102 409.272 412.843 3.8 1.4 0.9

Professional services

336.500 337.107 337.430 2.4 0.3 0.1

Recreation (3)

113.630 113.622 113.320 0.5 -0.3 -0.3

Education and communication (3)

128.626 128.847 129.152 1.9 0.4 0.2

Other goods and services

380.752 381.696 383.115 2.1 0.6 0.4
 

Commodity and service group

 
 

All Items

220.371 219.969 219.961 3.8 -0.2 0.0

Commodities

187.163 186.510 186.215 5.6 -0.5 -0.2

Commodities less food and beverages

165.692 164.434 164.052 6.2 -1.0 -0.2

Nondurables less food and beverages

218.730 216.479 216.156 9.0 -1.2 -0.1

Nondurables less food, beverages, and apparel

270.760 265.929 264.955 10.6 -2.1 -0.4

Durables

116.104 115.773 115.336 1.6 -0.7 -0.4

Services

254.546 254.386 254.658 2.5 0.0 0.1

Rent of shelter (2)

232.604 233.319 233.635 1.9 0.4 0.1

Transportation services

280.696 280.889 282.604 3.5 0.7 0.6

Other services

306.266 306.889 307.157 2.3 0.3 0.1
 

Special aggregate indexes

 
 

All items less medical care

211.104 210.616 210.497 3.8 -0.3 -0.1

All items less food

218.745 218.144 218.137 3.6 -0.3 0.0

All items less shelter

219.523 218.647 218.502 4.6 -0.5 -0.1

Commodities less food

167.325 166.117 165.724 6.0 -1.0 -0.2

Nondurables

224.000 223.175 222.969 6.9 -0.5 -0.1

Nondurables less food

218.209 216.122 215.775 8.6 -1.1 -0.2

Nondurables less food and apparel

264.556 260.215 259.265 9.8 -2.0 -0.4

Services less rent of shelter (2)

290.196 288.866 289.087 3.0 -0.4 0.1

Services less medical care services

240.436 240.148 240.230 2.3 -0.1 0.0

Energy

240.549 230.716 227.826 13.7 -5.3 -1.3

All items less energy

218.746 219.413 219.732 2.7 0.5 0.1

All items less food and energy

217.224 217.859 218.239 2.3 0.5 0.2

Commodities less food and energy commodities

148.829 149.273 149.254 2.1 0.3 0.0

Energy commodities

308.395 296.583 293.771 20.8 -4.7 -0.9

Services less energy services

260.713 261.468 262.113 2.4 0.5 0.2

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) 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: January 19, 2012