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Thursday, December 15, 2016

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Consumer Price Index, South Region – November 2016

Prices down 0.1 percent over the month; up 1.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South inched down 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. The energy index declined 2.1 percent over the month. The food index inched down 0.1 percent, while the all items less food and energy index rose 0.1 percent in November. (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 1.6 percent. The all items less food and energy index increased 2.0 percent over the year reflecting price increases for shelter and medical care. (See chart 1.)

Food

The food index inched down 0.1 percent in November, led by a decline in the food at home index (-0.2 percent). The food away from home index inched up 0.1 percent over the month.

The food index declined 0.5 percent over the year. The food at home index declined 2.2 percent since November 2015, while the food away from home index was up 1.7 percent.

Energy

The energy index declined 2.1 percent in November, led by price decreases for motor fuel (-3.4 percent) and electricity (-1.7 percent). Prices for utility (piped) gas service advanced over-the-month, up 2.5 percent.

From November 2015—November 2016, energy prices rose 1.0 percent, reflecting price increases for motor fuel (2.7 percent), and utility (piped) gas service (7.9 percent). Since November 2015, prices for electricity declined 1.4 percent.

All items less food and energy

The all items less food and energy index inched up 0.1 percent in November. Price increases for shelter (0.1 percent) and education and communication (0.3 percent) were largely offset by a seasonal price decline for apparel (-1.7 percent).

Since November 2015, the all items less food and energy index advanced 2.0 percent—led by increases in shelter (2.8 percent) and medical care (4.4 percent).

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 3.2 0.4 1.6 0.3 1.7 -0.7 -0.4 0.0 1.2

February

0.6 3.3 0.9 1.8 0.4 1.2 0.5 -0.3 0.1 0.7

March

0.7 2.8 0.3 1.5 0.6 1.5 0.6 -0.3 0.6 0.7

April

0.4 2.5 -0.2 0.9 0.5 2.3 0.3 -0.6 0.4 0.9

May

-0.4 1.6 0.0 1.3 0.2 2.4 0.4 -0.4 0.4 0.9

June

-0.2 1.7 0.4 1.9 0.2 2.3 0.5 -0.1 0.4 0.8

July

-0.2 1.4 0.2 2.2 -0.1 2.0 -0.1 -0.1 -0.2 0.7

August

0.6 1.6 0.1 1.7 -0.2 1.7 -0.2 -0.2 0.1 1.0

September

0.5 2.1 0.0 1.3 0.1 1.7 -0.2 -0.4 0.2 1.4

October

-0.2 2.1 -0.2 1.3 -0.3 1.6 0.0 -0.1 0.1 1.5

November

-0.5 1.6 -0.3 1.5 -0.6 1.3 -0.2 0.3 -0.1 1.6

December

-0.1 1.7 0.1 1.8 -0.6 0.6 -0.4 0.5    

The Consumer Price Index for December 2016 is scheduled to be released on Wednesday, January 18, 2017.


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 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 6,000 housing units and approximately 24,000 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 https://www.bls.gov/opub/hom/pdf/homch17.pdf.

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: (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-
Sep.
2016
Oct.
2016
Nov.
2016
Nov.
2015
Sep.
2016
Oct.
2016

Expenditure category

 
 

All Items

234.069 234.337 234.029 1.6 0.0 -0.1

All items (December 1977=100)

379.692 380.128 379.627 - - -

Food and beverages

246.124 246.050 245.788 -0.5 -0.1 -0.1

Food

247.447 247.297 247.037 -0.5 -0.2 -0.1

Food at home

237.115 236.767 236.182 -2.2 -0.4 -0.2

Food away from home

265.693 265.836 266.057 1.7 0.1 0.1

Alcoholic beverages

227.177 228.258 227.962 0.8 0.3 -0.1

Housing

227.706 227.449 227.337 2.1 -0.2 0.0

Shelter

259.223 260.226 260.571 2.8 0.5 0.1

Rent of primary residence(1)

267.808 268.955 269.896 3.3 0.8 0.3

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

261.457 262.428 263.060 2.7 0.6 0.2

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

261.447 262.417 263.050 2.7 0.6 0.2

Fuels and utilities

235.682 228.479 226.832 0.4 -3.8 -0.7

Household energy

192.583 184.770 182.759 -0.3 -5.1 -1.1

Energy services(1)

193.282 185.252 183.105 -0.3 -5.3 -1.2

Electricity(1)

193.321 183.807 180.696 -1.4 -6.5 -1.7

Utility (piped) gas service(1)

176.981 179.609 184.137 7.9 4.0 2.5

Household furnishings and operations

121.655 121.665 120.947 -0.5 -0.6 -0.6

Apparel

135.785 139.363 136.965 0.2 0.9 -1.7

Transportation

195.556 197.032 196.260 1.9 0.4 -0.4

Private transportation

193.812 195.115 194.158 2.0 0.2 -0.5

New and used motor vehicles(3)

102.438 101.834 101.580 -0.5 -0.8 -0.2

New vehicles

152.553 152.471 152.913 0.2 0.2 0.3

New cars and trucks(3)(4)

103.834 103.841 104.144 0.3 0.3 0.3

New cars(4)

152.288 152.259 152.901 0.1 0.4 0.4

Used cars and trucks

143.055 140.499 138.408 -3.5 -3.2 -1.5

Motor fuel

186.719 192.419 185.917 2.7 -0.4 -3.4

Gasoline (all types)

185.815 191.516 184.951 2.8 -0.5 -3.4

Unleaded regular(4)

181.138 186.837 180.168 2.7 -0.5 -3.6

Unleaded midgrade(4)(5)

205.793 211.713 205.061 3.0 -0.4 -3.1

Unleaded premium(4)

205.730 210.816 205.984 3.5 0.1 -2.3

Medical care

449.332 448.472 448.405 4.4 -0.2 0.0

Medical care commodities

365.160 366.759 364.936 5.3 -0.1 -0.5

Medical care services

477.364 475.525 476.165 4.2 -0.3 0.1

Professional services

367.080 366.426 367.724 2.5 0.2 0.4

Recreation(3)

116.218 116.389 116.476 0.8 0.2 0.1

Education and communication(3)

136.917 136.266 136.608 -0.4 -0.2 0.3

Other goods and services

416.491 416.906 417.433 1.8 0.2 0.1
 

Commodity and service group

 
 

All Items

234.069 234.337 234.029 1.6 0.0 -0.1

Commodities

180.284 180.964 179.728 -0.3 -0.3 -0.7

Commodities less food and beverages

149.086 150.048 148.456 -0.2 -0.4 -1.1

Nondurables less food and beverages

191.404 194.275 191.416 1.5 0.0 -1.5

Nondurables less food, beverages, and apparel

226.285 228.846 225.666 2.0 -0.3 -1.4

Durables

109.229 108.745 108.172 -2.1 -1.0 -0.5

Services

288.208 288.084 288.667 2.7 0.2 0.2

Rent of shelter(2)

266.051 267.094 267.453 2.8 0.5 0.1

Transportation services

326.236 329.382 333.871 5.2 2.3 1.4

Other services

338.969 338.439 339.542 1.4 0.2 0.3
 

Special aggregate indexes

 
 

All items less medical care

222.327 222.646 222.329 1.3 0.0 -0.1

All items less food

231.778 232.111 231.795 1.9 0.0 -0.1

All items less shelter

225.330 225.297 224.716 1.0 -0.3 -0.3

Commodities less food

151.503 152.471 150.905 -0.1 -0.4 -1.0

Nondurables

217.340 218.802 217.186 0.4 -0.1 -0.7

Nondurables less food

193.211 195.986 193.264 1.4 0.0 -1.4

Nondurables less food and apparel

225.268 227.699 224.766 1.9 -0.2 -1.3

Services less rent of shelter(2)

325.096 323.480 324.366 2.6 -0.2 0.3

Services less medical care services

271.211 271.203 271.774 2.5 0.2 0.2

Energy

185.958 184.284 180.329 1.0 -3.0 -2.1

All items less energy

240.219 240.703 240.795 1.6 0.2 0.0

All items less food and energy

239.360 239.956 240.109 2.0 0.3 0.1

Commodities less food and energy commodities

147.984 148.302 147.385 -0.6 -0.4 -0.6

Energy commodities

189.972 195.691 189.332 2.6 -0.3 -3.2

Services less energy services

298.150 298.926 299.819 2.9 0.6 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: Thursday, December 15, 2016