News Release Information

14-1179-PHI

Tuesday, June 17, 2014

Contacts

Technical information:
Media contact:

Consumer Price Index, South Region – May 2014

Prices in the South up 0.2 percent over the month and 2.4 percent over the year

 

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged up 0.2 percent in May, 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 rose 0.2 percent over the month, primarily due to higher prices for shelter. The food and energy indexes each increased in May, up 0.2 and 0.3 percent, respectively. (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 rose 2.4 percent. The index for all items less food and energy advanced 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, May 2011 to May 2014 (not seasonally adjusted)

Food

The food index edged up 0.2 percent in May. Prices for food at home rose 0.3 percent and food away from home prices increased 0.2 percent over the month.

Since May 2013, the index for food advanced 2.5 percent, reflecting higher prices for both food at home (2.7 percent) and food away from home (2.2 percent).

Energy

The energy index rose 0.3 percent over the month, led by a 1.3-percent increase in prices for electricity. Prices for utility (piped) gas service declined 1.7 percent and motor fuel prices inched down 0.1 percent.

Over the year, energy prices advanced 4.7 percent, as price increases were recorded for motor fuel (4.7 percent), electricity (4.8 percent), and utility (piped) gas service (3.4 percent).

All items less food and energy

The all items less food and energy index edged up 0.2 percent in May as an increase in shelter prices (0.2 percent) were largely offset by a seasonal decrease in apparel prices (-1.2 percent).

Since May 2013, the index for all items less food and energy advanced 2.1 percent, led by a 3.0-percent increase in shelter prices.

The June 2014 Consumer Price Index for the South region is scheduled to be released on July 22, 2014, 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 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    

July

-0.3 -2.1 -0.1 1.0 0.2 4.1 -0.2 1.4 0.2 2.2    

August

0.1 -1.6 0.2 1.1 0.4 4.3 0.6 1.6 0.1 1.7    

September

0.0 -1.8 0.2 1.4 0.0 4.1 0.5 2.1 0.0 1.3    

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    

 

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-
Mar.
2014
Apr.
2014
May
2014
May
2013
Mar.
2014
Apr.
2014

Expenditure category

 
 

All Items

230.095 231.346 231.762 2.4 0.7 0.2

All items (December 1977=100)

373.246 375.276 375.951      

Food and beverages

239.262 240.533 241.086 2.4 0.8 0.2

Food

240.411 241.767 242.371 2.5 0.8 0.2

Food at home

236.390 237.963 238.663 2.7 1.0 0.3

Food away from home

249.220 250.272 250.741 2.2 0.6 0.2

Alcoholic beverages

222.572 222.661 222.513 1.0 0.0 -0.1

Housing

215.521 215.758 216.321 2.7 0.4 0.3

Shelter

241.857 242.111 242.698 3.0 0.3 0.2

Rent of primary residence (1)

245.735 246.444 247.082 3.5 0.5 0.3

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

244.178 244.612 245.111 2.7 0.4 0.2

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

244.176 244.614 245.114 2.7 0.4 0.2

Fuels and utilities

229.795 230.057 231.403 4.2 0.7 0.6

Household energy

191.535 191.602 193.146 4.7 0.8 0.8

Gas (piped) and electricity (1)

190.748 191.036 192.698 4.6 1.0 0.9

Electricity (1)

186.642 187.261 189.683 4.8 1.6 1.3

Utility (piped) gas service (1)

201.662 199.776 196.362 3.4 -2.6 -1.7

Household furnishings and operations

122.918 123.093 123.044 -1.9 0.1 0.0

Apparel

138.826 139.132 137.484 0.5 -1.0 -1.2

Transportation

218.688 223.388 224.263 3.1 2.5 0.4

Private transportation

216.971 221.638 221.999 3.0 2.3 0.2

New and used motor vehicles (3)

103.168 103.692 103.858 1.1 0.7 0.2

New vehicles

152.613 153.183 153.392 1.1 0.5 0.1

New cars and trucks (3) (4)

103.868 104.268 104.411 1.1 0.5 0.1

New cars (3)

155.000 155.293 155.601 0.3 0.4 0.2

Used cars and trucks

147.868 149.241 150.068 0.4 1.5 0.6

Motor fuel

300.000 315.540 315.260 4.7 5.1 -0.1

Gasoline (all types)

298.280 314.020 313.758 4.7 5.2 -0.1

Unleaded regular (4)

296.137 312.127 311.678 4.6 5.2 -0.1

Unleaded midgrade (4) (5)

312.177 327.915 328.654 4.9 5.3 0.2

Unleaded premium (4)

299.546 313.936 314.213 4.9 4.9 0.1

Medical Care

413.797 414.646 414.620 2.9 0.2 0.0

Medical care commodities

326.662 328.615 328.668 2.7 0.6 0.0

Medical care services

443.661 444.014 443.955 3.0 0.1 0.0

Professional services

350.522 351.215 352.094 1.1 0.4 0.3

Recreation (3)

116.324 116.523 116.585 0.8 0.2 0.1

Education and communication (3)

133.835 133.962 134.044 1.7 0.2 0.1

Other goods and services

397.969 397.844 398.392 1.4 0.1 0.1
 

Commodity and Service Group

 
 

All Items

230.095 231.346 231.762 2.4 0.7 0.2

Commodities

190.397 192.463 192.429 1.4 1.1 0.0

Commodities less food & beverages

165.710 168.037 167.770 0.9 1.2 -0.2

Nondurables less food & beverages

221.517 226.169 225.667 2.2 1.9 -0.2

Nondurables less food, beverages, and apparel

272.277 279.473 279.613 2.7 2.7 0.1

Durables

113.601 113.915 113.851 -1.2 0.2 -0.1

Services

270.599 271.077 271.931 3.1 0.5 0.3

Rent of shelter (2)

248.151 248.426 249.032 2.9 0.4 0.2

Transportation services

300.571 302.911 306.328 4.3 1.9 1.1

Other services

324.333 324.482 324.895 2.3 0.2 0.1
 

Special aggregate indexes:

 
 

All items less medical care

219.791 221.047 221.477 2.4 0.8 0.2

All items less food

228.271 229.505 229.892 2.4 0.7 0.2

All items less shelter

226.870 228.543 228.891 2.2 0.9 0.2

Commodities less food

167.597 169.871 169.606 0.9 1.2 -0.2

Nondurables

230.498 233.593 233.581 2.3 1.3 0.0

Nondurables less food

221.360 225.755 225.274 2.1 1.8 -0.2

Nondurables less food and apparel

266.725 273.285 273.400 2.5 2.5 0.0

Services less rent of shelter (2)

307.324 308.073 309.269 3.3 0.6 0.4

Services less medical care services

254.970 255.446 256.339 3.1 0.5 0.3

Energy

236.942 244.036 244.721 4.7 3.3 0.3

All items less energy

230.048 230.648 231.035 2.2 0.4 0.2

All items less food and energy

228.623 229.092 229.442 2.1 0.4 0.2

Commodities less food and energy commodities

149.874 150.290 150.038 -0.2 0.1 -0.2

Energy commodities

304.640 319.890 319.514 4.8 4.9 -0.1

Services less energy services

278.881 279.379 280.139 3.0 0.5 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.

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: June 18, 2014