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Friday, July 14, 2017

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Consumer Price Index, South Region – June 2017

Prices in the South up 0.2 percent over the month and 1.5 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged up 0.2 percent in June, the U.S. Bureau of Labor Statistics reported today. The all items less food and energy index rose 0.2 percent over the month, and the energy index advanced 1.4 percent. The food index was unchanged in June. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

The all items CPI-U advanced 1.5 percent since June 2016. The all items less food and energy index increased 1.6 percent over the last 12 months and the energy index increased 1.7 percent. The food index rose 0.9 percent over the year. (See chart 1.)

Food

The food index was unchanged in June. Over the month, prices for food at home edged down 0.2 percent, while prices for food away from home edged up 0.2 percent.

The food index rose 0.9 percent since June 2016, reflecting a 2.2 percent increase in prices for food away from home. Food at home prices were unchanged over the year.

Energy

The energy index rose 1.4 percent in June, reflecting a 5.6 percent increase in electricity prices. Prices for motor fuel and for utility (piped) gas service declined over-the-month, down 2.3 and 0.7 percent, respectively.

From June 2016—June 2017, energy prices advanced 1.7 percent, led by price increases for electricity (2.7 percent) and utility (piped) gas service (16.0 percent). Prices for motor fuel declined 1.3 percent since June 2016.  

All items less food and energy

The all items less food and energy index edged up 0.2 percent in June. Increases in the shelter index (0.4 percent) and the medical care index (0.3 percent) were partially offset by a seasonal decline in the apparel index (-0.9 percent).

Since June 2016, the all items less food and energy index advanced 1.6 percent—led by increases in shelter (2.9 percent) and medical care (4.3 percent). In contrast, the education and communication index declined over-the-year, down 3.8 percent.

 

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2013 2014 2015 2016 2017
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.4 1.6 0.3 1.7 -0.7 -0.4 0.0 1.2 0.5 2.6

February

0.9 1.8 0.4 1.2 0.5 -0.3 0.1 0.7 0.2 2.8

March

0.3 1.5 0.6 1.5 0.6 -0.3 0.6 0.7 0.0 2.2

April

-0.2 0.9 0.5 2.3 0.3 -0.6 0.4 0.9 0.2 2.0

May

0.0 1.3 0.2 2.4 0.4 -0.4 0.4 0.9 0.0 1.7

June

0.4 1.9 0.2 2.3 0.5 -0.1 0.4 0.8 0.2 1.5

July

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

August

0.1 1.7 -0.2 1.7 -0.2 -0.2 0.1 1.0    

September

0.0 1.3 0.1 1.7 -0.2 -0.4 0.2 1.4    

October

-0.2 1.3 -0.3 1.6 0.0 -0.1 0.1 1.5    

November

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

December

0.1 1.8 -0.6 0.6 -0.4 0.5 0.1 2.0    

The Consumer Price Index for July 2017 is scheduled to be released on Friday, August 11, 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 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-
Apr.
2017
May
2017
Jun.
2017
Jun.
2016
Apr.
2017
May
2017

Expenditure category

 
 

All Items

236.728 236.774 237.346 1.5 0.3 0.2

All items (December 1977=100)

384.006 384.080 385.008 - - -

Food and beverages

247.102 247.668 247.572 0.9 0.2 0.0

Food

248.291 248.979 248.914 0.9 0.3 0.0

Food at home

236.706 237.274 236.834 0.0 0.1 -0.2

Food away from home

268.415 269.289 269.782 2.2 0.5 0.2

Alcoholic beverages

230.191 228.905 228.330 0.0 -0.8 -0.3

Housing

230.099 230.654 232.397 2.7 1.0 0.8

Shelter

263.641 264.371 265.464 2.9 0.7 0.4

Rent of primary residence(1)

273.243 274.189 275.135 3.6 0.7 0.3

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

265.327 265.809 266.815 2.9 0.6 0.4

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

265.320 265.802 266.809 2.9 0.6 0.4

Fuels and utilities

231.872 232.475 240.686 4.0 3.8 3.5

Household energy

187.618 188.267 196.919 4.2 5.0 4.6

Energy services(1)

187.889 188.610 197.484 4.2 5.1 4.7

Electricity(1)

185.036 185.436 195.729 2.7 5.8 5.6

Utility (piped) gas service(1)

191.519 194.346 192.919 16.0 0.7 -0.7

Household furnishings and operations

121.141 121.058 120.720 -0.6 -0.3 -0.3

Apparel

137.268 135.390 134.145 -0.8 -2.3 -0.9

Transportation

203.409 202.445 201.440 0.9 -1.0 -0.5

Private transportation

201.411 200.230 199.315 1.2 -1.0 -0.5

New and used motor vehicles(3)

103.186 102.733 102.378 -1.1 -0.8 -0.3

New vehicles

155.629 154.601 154.076 0.6 -1.0 -0.3

New cars and trucks(3)(4)

105.986 105.268 104.905 0.6 -1.0 -0.3

New cars(4)

155.758 154.023 153.381 0.1 -1.5 -0.4

Used cars and trucks

141.427 141.631 140.826 -4.0 -0.4 -0.6

Motor fuel

205.030 199.909 195.365 -1.3 -4.7 -2.3

Gasoline (all types)

204.113 198.966 194.418 -1.4 -4.7 -2.3

Unleaded regular(4)

199.210 193.893 189.241 -1.8 -5.0 -2.4

Unleaded midgrade(4)(5)

225.496 221.109 216.813 0.4 -3.9 -1.9

Unleaded premium(4)

223.891 220.350 217.256 1.5 -3.0 -1.4

Medical care

455.471 455.545 457.102 4.3 0.4 0.3

Medical care commodities

359.613 359.628 364.320 4.0 1.3 1.3

Medical care services

488.128 488.225 488.499 4.4 0.1 0.1

Professional services

362.668 362.842 362.106 -0.2 -0.2 -0.2

Recreation(3)

117.681 117.944 118.069 -0.3 0.3 0.1

Education and communication(3)

131.698 131.549 131.495 -3.8 -0.2 0.0

Other goods and services

419.349 419.213 420.214 0.9 0.2 0.2
 

Commodity and service group

 
 

All Items

236.728 236.774 237.346 1.5 0.3 0.2

Commodities

182.288 181.519 180.943 -0.1 -0.7 -0.3

Commodities less food and beverages

151.446 150.164 149.412 -0.8 -1.3 -0.5

Nondurables less food and beverages

196.471 194.190 192.822 -0.2 -1.9 -0.7

Nondurables less food, beverages, and apparel

233.415 230.858 229.390 0.0 -1.7 -0.6

Durables

109.477 109.000 108.742 -1.5 -0.7 -0.2

Services

291.525 292.359 294.044 2.5 0.9 0.6

Rent of shelter(2)

270.583 271.335 272.463 2.9 0.7 0.4

Transportation services

339.530 342.363 343.752 4.3 1.2 0.4

Other services

335.266 335.769 336.070 -1.3 0.2 0.1
 

Special aggregate indexes

 
 

All items less medical care

224.805 224.849 225.372 1.2 0.3 0.2

All items less food

234.714 234.661 235.331 1.6 0.3 0.3

All items less shelter

227.281 227.044 227.405 0.8 0.1 0.2

Commodities less food

153.887 152.600 151.850 -0.8 -1.3 -0.5

Nondurables

220.449 219.530 218.771 0.4 -0.8 -0.3

Nondurables less food

198.167 195.940 194.614 -0.2 -1.8 -0.7

Nondurables less food and apparel

232.033 229.591 228.201 0.0 -1.7 -0.6

Services less rent of shelter(2)

326.966 327.927 330.373 2.0 1.0 0.7

Services less medical care services

273.980 274.850 276.604 2.3 1.0 0.6

Energy

191.389 189.473 192.109 1.7 0.4 1.4

All items less energy

242.583 242.845 243.192 1.5 0.3 0.1

All items less food and energy

241.993 242.182 242.601 1.6 0.3 0.2

Commodities less food and energy commodities

148.140 147.377 147.147 -0.7 -0.7 -0.2

Energy commodities

208.558 203.397 198.845 -1.1 -4.7 -2.2

Services less energy services

302.449 303.293 304.154 2.4 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: Friday, July 14, 2017