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13-2111-PHI

Wednesday, October 30, 2013

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Consumer Price Index, South Region – September 2013

Prices in the South unchanged over the month; up 1.3 percent over the year

 

The Consumer Price Index for All Urban Consumers (CPI-U) for the South was unchanged in September, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the all items less food and energy index edged up 0.2 percent over the month. Within the all items less food and energy group, the indexes for apparel, education and communication, and medical care were among those that recorded increases. Prices for energy declined 1.3 percent over the month and prices for food inched down 0.1 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 1.3 percent. The index for all items less food and energy increased 1.9 percent over the year. (See chart 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), Northeast region, September 2010 to September 2013 (not seasonally adjusted)

Food

The food index inched down 0.1 percent in September as prices for food at home also declined 0.1 percent. Prices for food away from home were unchanged over the month.

Since September 2012, the index for food rose 1.7 percent. Prices for food at home and food away from home rose 1.5 and 2.0 percent, respectively.

Energy

The energy index declined 1.3 percent over the month, reflecting price decreases for motor fuel (-2.1 percent) and electricity (-0.3 percent).  Prices for utility (piped) gas service rose 0.4 percent in September.

Over the year, energy prices decreased 3.6 percent led by a drop in prices for motor fuel (-8.4 percent).  Prices advanced for both electricity (3.2 percent) and utility (piped) gas service (8.0 percent).

All items less food and energy

The index for all items less food and energy edged up 0.2 percent in September. Apparel (2.6 percent), education and communication (0.5 percent), and medical care (0.4 percent) were among the components that recorded price increases over the month. Lower prices for used cars and trucks (-0.9 percent) helped moderate the overall advance.

Over the year, the index for all items less food and energy rose 1.9 percent, led by price increases for shelter (2.2 percent) and medical care (3.0 percent).

The October 2013 Consumer Price Index for the South region is scheduled to be released on November 20, 2013, 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

2008 2009 2010 2011 2012 2013
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

0.5 4.9 0.4 -0.1 0.3 2.8 0.5 1.7 0.5 3.2 0.4 1.6

February

0.3 4.6 0.5 0.1 0.0 2.3 0.5 2.2 0.6 3.3 0.9 1.8

March

0.8 4.4 0.3 -0.3 0.6 2.5 1.2 2.8 0.7 2.8 0.3 1.5

April

0.7 4.2 0.3 -0.7 0.1 2.4 0.7 3.4 0.4 2.5 -0.2 0.9

May

0.9 4.6 0.3 -1.3 0.0 2.0 0.5 4.0 -0.4 1.6 0.0 1.3

June

1.1 5.3 1.0 -1.4 -0.1 0.9 -0.2 3.8 -0.2 1.7 0.4 1.9

July

0.5 5.8 -0.3 -2.1 -0.1 1.0 0.2 4.1 -0.2

1.4

0.2 2.2

August

-0.4 5.6 0.1 -1.6 0.2 1.1 0.4 4.3 0.6 1.6 0.1 1.7

September

0.1 5.4 0.0 -1.8 0.2 1.4 0.0 4.1 0.5 2.1 0.0 1.3

October

-1.2 3.9 0.2 -0.4 0.1 1.3 -0.2 3.7 -0.2 2.1    

November

-2.2 1.0 0.2 2.0 0.0 1.1 0.0 3.8 -0.5 1.6    

December

-1.0 0.0 -0.1 2.9 0.2 1.4 -0.2 3.3 -0.1 1.7    

 

Federal Government Shutdown

The release of these data occurs two weeks later than originally scheduled because of the recent partial Federal government shutdown. Data collection for the estimates in this release had been completed prior to the shutdown in accordance with our normal schedule. However, the processing of the estimates and the production of the Consumer Price Index news release were delayed due to the shutdown.

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 Northeast region is comprised of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.

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.
2013
Aug.
2013
Sep.
2013
Sep.
2012
Jul.
2013
Aug.
2013

Expenditure category

 
 

All Items

227.548 227.837 227.876 1.3 0.1 0.0

All items (December 1977=100)

369.114 369.584 369.647      

Food and beverages

235.898 237.032 236.875 1.8 0.4 -0.1

Food

236.915 238.078 237.937 1.7 0.4 -0.1

Food at home

232.517 234.032 233.769 1.5 0.5 -0.1

Food away from home

246.191 246.816 246.863 2.0 0.3 0.0

Alcoholic beverages

221.081 221.781 221.388 3.1 0.1 -0.2

Housing

212.805 212.802 212.786 2.1 0.0 0.0

Shelter

236.532 236.776 236.885 2.2 0.1 0.0

Rent of primary residence (1)

240.079 240.978 241.233 3.3 0.5 0.1

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

239.458 240.020 240.123 2.0 0.3 0.0

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

239.440 240.005 240.108 2.0 0.3 0.0

Fuels and utilities

232.809 232.036 231.718 3.8 -0.5 -0.1

Household energy

195.627 194.622 194.247 3.8 -0.7 -0.2

Gas (piped) and electricity (1)

195.693 194.570 194.091 3.8 -0.8 -0.2

Electricity (1)

194.274 193.965 193.296 3.2 -0.5 -0.3

Utility (piped) gas service (1)

188.700 182.358 183.162 8.0 -2.9 0.4

Household furnishings and operations

125.306 124.951 124.689 -0.8 -0.5 -0.2

Apparel

133.613 134.981 138.479 1.8 3.6 2.6

Transportation

219.921 219.008 217.427 -2.0 -1.1 -0.7

Private transportation

218.340 217.560 215.857 -2.1 -1.1 -0.8

New and used motor vehicles (3)

103.385 103.172 102.936 1.6 -0.4 -0.2

New vehicles

152.499 151.512 151.779 2.0 -0.5 0.2

New cars and trucks (3) (4)

103.782 103.126 103.315 2.0 -0.4 0.2

New cars (3)

154.763 154.055 153.839 1.1 -0.6 -0.1

Used cars and trucks

151.030 151.720 150.347 0.5 -0.5 -0.9

Motor fuel

306.221 304.881 298.434 -8.4 -2.5 -2.1

Gasoline (all types)

305.117 303.638 296.876 -8.6 -2.7 -2.2

Unleaded regular (4)

303.292 301.631 294.696 -9.1 -2.8 -2.3

Unleaded midgrade (4) (5)

319.008 318.050 311.132 -7.7 -2.5 -2.2

Unleaded premium (4)

304.676 303.679 297.906 -6.7 -2.2 -1.9

Medical Care

404.715 407.328 409.005 3.0 1.1 0.4

Medical care commodities

320.500 322.993 323.828 2.9 1.0 0.3

Medical care services

433.476 436.087 438.102 3.0 1.1 0.5

Professional services

348.751 348.565 349.327 1.1 0.2 0.2

Recreation (3)

115.542 115.523 115.623 0.7 0.1 0.1

Education and communication (3)

131.753 132.616 133.261 1.8 1.1 0.5

Other goods and services

392.780 393.486 393.513 1.8 0.2 0.0
 

Commodity and Service Group

 
 

All Items

227.548 227.837 227.876 1.3 0.1 0.0

Commodities

190.005 190.279 189.907 -0.6 -0.1 -0.2

Commodities less food & beverages

166.565 166.477 166.025 -1.9 -0.3 -0.3

Nondurables less food & beverages

221.087 221.395 220.851 -2.6 -0.1 -0.2

Nondurables less food, beverages, and apparel

274.468 274.194 271.395 -3.8 -1.1 -1.0

Durables

115.489 115.020 114.651 -0.5 -0.7 -0.3

Services

265.972 266.280 266.711 2.5 0.3 0.2

Rent of shelter (2)

242.853 243.104 243.214 2.1 0.1 0.0

Transportation services

296.131 294.600 295.539 2.8 -0.2 0.3

Other services

318.054 319.483 320.823 2.4 0.9 0.4
 

Special aggregate indexes:

 
 

All items less medical care

217.551 217.738 217.707 1.1 0.1 0.0

All items less food

225.877 226.030 226.097 1.2 0.1 0.0

All items less shelter

225.468 225.779 225.789 0.9 0.1 0.0

Commodities less food

168.397 168.329 167.877 -1.7 -0.3 -0.3

Nondurables

228.733 229.422 229.053 -0.6 0.1 -0.2

Nondurables less food

220.897 221.224 220.687 -2.4 -0.1 -0.2

Nondurables less food and apparel

268.658 268.461 265.863 -3.4 -1.0 -1.0

Services less rent of shelter (2)

303.414 303.804 304.656 2.9 0.4 0.3

Services less medical care services

250.766 250.931 251.259 2.5 0.2 0.1

Energy

241.920 240.783 237.654 -3.6 -1.8 -1.3

All items less energy

226.547 227.007 227.422 1.9 0.4 0.2

All items less food and energy

225.113 225.448 225.964 1.9 0.4 0.2

Commodities less food and energy commodities

149.787 149.905 150.385 0.6 0.4 0.3

Energy commodities

309.982 308.752 302.459 -8.2 -2.4 -2.0

Services less energy services

273.120 273.596 274.132 2.4 0.4 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.

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 31, 2013