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News Release Information

22-1314-ATL
Thursday, October 13, 2022

Contacts Technical information: Media contact:
  • (404) 893-4220

Consumer Price Index, Tampa-St. Petersburg-Clearwater — September 2022

Area prices up 10.5 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater rose 0.3 percent from July to September, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted the index for all items less food and energy increased 1.1 percent over the bi-monthly period. This increase was largely offset by a 11.3 percent decline in the energy index. The food index continued to rise, increasing 1.9 percent from July to September. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U advanced 10.5 percent for the 12 months ending in September. The index for all items less food and energy increased 10.1 percent over the past year. The food index and the energy index also increased over the prior 12 months, up 11.1 percent and 13.0 percent, respectively. (See chart 1 and table 1.)


Food

The food index rose 1.9 percent from July to September, led by a 3.8-percent increase in the food away from home index. The food at home index rose 0.6 percent over the bi-monthly period. Increases in the cereals and bakery products (+5.5 percent) and other food at home (+1.7 percent) indexes were offset by a 2.9-percent decrease in the meats, poultry, fish, and eggs index.

The food index advanced 11.1 percent for the 12 months ending in September. The food at home index rose 13.3 percent over the past year as all six major grocery store food group indexes increased. The food away from home index also increased over the past year, up 8.3 percent.

Energy

The energy index fell 11.3 percent from July to September, primarily due to a 19.2-percent decrease in the gasoline index. The electricity index edged down 0.2 percent over the bi-monthly period, while the index for natural gas rose 5.8 percent.

The energy index increased 13.0 percent for the 12 months ending in September, led by increases in the gasoline (+12.7 percent) and electricity (+12.4 percent) indexes. The index for natural gas also increased over the past 12 months, up 25.2 percent.

All items less food and energy

The index for all items less food and energy rose 1.1 percent from July to September. The shelter index increased 1.6 percent over the bi-monthly period, primarily reflecting a 2.4-percent increase in the owners’ equivalent rent index. In contrast, used cars and trucks (-5.2 percent) and recreation (-1.4 percent) had notable declines from July to September.

The index for all items less food and energy advanced 10.1 percent for the 12 months ending in September, led by a 13.9-percent increase in the shelter index.

Table A. Tampa-St. Petersburg-Clearwater, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2018 2019 2020 2021 2022
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

January

0.8 -1.1 0.4 0.7 3.8 0.9 3.4 2.4 9.6

March

0.6 1.9 1.7 0.2 2.1 1.6 4.9 2.1 10.2

May

0.4 0.9 2.2 -0.3 0.9 1.0 6.2 2.1 11.3

July

0.3 0.1 2.1 1.0 1.8 1.4 6.6 1.3 11.2

September

0.6 -0.1 1.5 1.4 3.3 1.0 6.1 0.3 10.5

November

-0.3 2.3 0.2 2.0 0.1 3.2 1.8 8.0

The Consumer Price Index for October 2022 is scheduled to be released on Thursday, November 10, 2022, at 8:30 a.m. (ET).


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 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 75 urban areas across the country from about 6,000 housing units and approximately 22,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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 Tampa-St. Petersburg-Clearwater, FL Core Based Statistical Area includes Hernando, Hillsborough, Pasco, and Pinellas Counties.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

 Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods,
Tampa-St. Petersburg-Clearwater, FL (1987=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Jul.
2022
Aug.
2022
Sep.
2022
Sep.
2021
Jul.
2022
Aug.
2022

Expenditure category

All Items

276.750 - 277.490 10.5 0.3 -

Food and beverages

277.519 - 282.364 10.4 1.7 -

Food

279.861 - 285.194 11.1 1.9 -

Food at home

297.740 299.189 299.381 13.3 0.6 0.1

Cereals and bakery products

313.297 - 330.528 20.0 5.5 -

Meats, poultry, fish, and eggs

321.034 - 311.579 9.0 -2.9 -

Dairy and related products

265.174 - 266.098 8.6 0.3 -

Fruits and vegetables

394.881 - 394.268 11.9 -0.2 -

Nonalcoholic beverages and beverage materials

208.477 - 211.890 10.1 1.6 -

Other food at home

234.508 - 238.388 18.4 1.7 -

Food away from home

257.230 - 266.975 8.3 3.8 -

Alcoholic beverages

232.643 - 231.464 1.4 -0.5 -

Housing

289.964 - 294.175 13.4 1.5 -

Shelter

335.847 335.199 341.119 13.9 1.6 1.8

Rent of primary residence

343.866 345.288 351.684 15.3 2.3 1.9

Owners' equiv. rent of residences

348.860 350.405 357.081 13.6 2.4 1.9

Owners' equiv. rent of primary residence

348.860 350.405 357.081 13.6 2.4 1.9

Fuels and utilities

249.177 - 249.166 11.0 0.0 -

Household energy

199.584 198.619 199.573 13.2 0.0 0.5

Energy Services

196.119 195.179 196.067 12.8 0.0 0.5

Electricity

193.421 192.337 192.991 12.4 -0.2 0.3

Utility (piped) gas service

252.728 257.655 267.456 25.2 5.8 3.8

Household furnishings and operations

147.745 - 150.565 11.6 1.9 -

Apparel

131.615 - 149.826 12.4 13.8 -

Transportation

267.566 - 254.951 11.4 -4.7 -

Private transportation

278.442 - 264.444 10.8 -5.0 -

New and used motor vehicles(1)

139.257 - 138.188 9.1 -0.8 -

New vehicles

146.337 - 148.164 7.7 1.2 -

Used cars and trucks

201.968 - 191.388 6.4 -5.2 -

Motor fuel

450.545 385.404 364.650 13.2 -19.1 -5.4

Gasoline (all types)

439.949 375.990 355.450 12.7 -19.2 -5.5

Unleaded regular(2)

426.780 363.840 343.782 12.8 -19.4 -5.5

Unleaded midgrade(2)(3)

440.948 380.995 360.542 12.7 -18.2 -5.4

Unleaded premium(2)

479.726 418.146 397.062 12.0 -17.2 -5.0

Medical Care

465.028 - 470.106 5.5 1.1 -

Recreation(1)

130.475 - 128.584 3.1 -1.4 -

Education and communication(1)

135.240 - 135.327 -0.9 0.1 -

Tuition, other school fees, and child care

662.067 - 665.662 2.2 0.5 -

Other goods and services

338.686 - 337.738 8.5 -0.3 -

Commodity and service group

All Items

276.750 - 277.490 10.5 0.3 -

Commodities

211.637 - 210.061 9.8 -0.7 -

Commodities less food & beverages

177.641 - 173.448 9.4 -2.4 -

Nondurables less food & beverages

255.060 - 243.146 11.4 -4.7 -

Durables

112.235 - 112.175 7.5 -0.1 -

Services

334.699 - 337.587 10.8 0.9 -

Special aggregate indexes

All items less medical care

266.579 - 267.089 10.9 0.2 -

All items less shelter

251.864 - 250.730 8.5 -0.5 -

Commodities less food

180.783 - 176.654 9.0 -2.3 -

Nondurables

265.879 - 263.098 10.8 -1.0 -

Nondurables less food

252.881 - 241.903 10.5 -4.3 -

Services less rent of shelter

326.114 - 325.644 6.8 -0.1 -

Services less medical care services

319.774 - 322.974 11.7 1.0 -

Energy

296.852 270.774 263.228 13.0 -11.3 -2.8

All items less energy

274.962 - 278.404 10.3 1.3 -

All items less food and energy

274.422 - 277.545 10.1 1.1 -

Footnotes
(1) Indexes on a December 1997=100 base.
(2) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.

- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: Thursday, October 13, 2022