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News Release Information

20-1096-ATL
Wednesday, June 10, 2020

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

Consumer Price Index for Tampa-St. Petersburg-Clearwater – May 2020

Area prices down 0.3 percent since March; up 0.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Tampa-St. Petersburg-Clearwater edged down 0.3 percent from March to May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the energy index fell 17.4 percent since March. The food index advanced 6.1 percent over the bi-monthly period, while the index for all items less food and energy inched up 0.1 percent. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U rose 0.9 percent from May 2019 to May 2020. The index for all items less food and energy increased 2.0 percent over the past 12 months, while the food index jumped 8.1 percent. The energy index fell 24.8 percent over the past year. (See table 1.)

Food

The food index advanced 6.1 percent from March to May, led by a 10.8-percent jump in the food at home index. The food away from home index also rose over the bi-monthly period, up 0.6 percent.

The food index jumped 8.1 percent for the 12 months ending in May, reflecting increases in the food at home (11.9 percent) and food away from home (3.6 percent) indexes.  

Energy

The energy index declined 17.4 percent from March to May, led by a 22.3-percent fall in the gasoline index and a 13.7 percent decline in the electricity index. The utility (piped) gas service index also declined over the bi-monthly period, down 3.7 percent.   

The energy index fell sharply for the 12 months ending in May, down 24.8 percent. The gasoline index fell 35.1 percent over the past year, while the electricity index declined 14.0 percent and the utility (piped) gas service index declined 0.8 percent. 

All items less food and energy

The index for all items less food and energy rose 0.1 percent from March to May. Several indexes increased since March, most notably, shelter (0.9 percent). In contrast, motor vehicle insurance (-18.5 percent) and apparel (-7.8 percent) were among the indexes to decline over the bi-monthly period.

The index for all items less food and energy advanced 2.0 percent over the past year, led by increases in the shelter (3.7 percent) and medical care (4.3 percent) indexes. Indexes that declined over the past 12 months include apparel (-15.9 percent) and motor vehicle insurance (-14.2 percent).

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
2-month 12-month 2-month 12-month 2-month 12-month

January

0.8 -1.1 0.4 0.7 3.8

March

0.6 1.9 1.7 0.2 2.1

May

0.4 0.9 2.2 -0.3 0.9

July

0.3 0.1 2.1

September

0.6 -0.1 1.5

November

-0.3 2.3 0.2 2.0

The Consumer Price Index for June 2020 is scheduled to be released on Tuesday, July 14, 2020.

Coronavirus (COVID-19) Pandemic Impact on May 2020 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in May was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed.

While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


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 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 75 urban areas across the country from about 5,000 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 (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 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; Federal Relay Service: (800) 877-8339.

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) (not seasonally adjusted)
Item and Group

Indexes Percent change from-
Mar.
2020
Apr.
2020
May
2020
May
2019
Mar.
2020
Apr.
2020

Expenditure category

All Items

231.619 - 231.032 0.9 -0.3 -

Food and beverages

236.327 - 250.021 7.9 5.8 -

Food

236.583 - 251.072 8.1 6.1 -

Food at home

234.858 251.717 260.268 11.9 10.8 3.4

Cereals and bakery products

244.945 - 269.189 -0.8 9.9 -

Meats, poultry, fish, and eggs

219.593 - 263.993 22.3 20.2 -

Dairy and related products

223.799 - 243.186 13.7 8.7 -

Fruits and vegetables

328.991 - 355.141 7.3 7.9 -

Nonalcoholic beverages and beverage materials

182.030 - 205.096 17.9 12.7 -

Other food at home

195.900 - 202.743 7.4 3.5 -

Food away from home

237.515 - 239.002 3.6 0.6 -

Alcoholic beverages

217.791 - 221.862 7.0 1.9 -

Housing

238.315 - 238.420 2.7 0.0 -

Shelter

274.282 275.800 276.830 3.7 0.9 0.4

Rent of primary residence

279.813 280.789 282.675 4.2 1.0 0.7

Owners' equiv. rent of residences

288.830 290.643 291.935 4.1 1.1 0.4

Owners' equiv. rent of primary residence

288.830 290.643 291.935 4.1 1.1 0.4

Fuels and utilities

213.080 - 192.331 -9.3 -9.7 -

Household energy

166.610 166.700 144.401 -13.7 -13.3 -13.4

Energy Services

164.264 164.459 142.340 -13.7 -13.3 -13.4

Electricity

161.372 161.763 139.330 -14.0 -13.7 -13.9

Utility (piped) gas service

240.780 231.854 231.843 -0.8 -3.7 0.0

Household furnishings and operations

123.332 - 126.732 6.8 2.8 -

Apparel

130.172 - 119.978 -15.9 -7.8 -

Transportation

200.871 - 187.336 -9.3 -6.7 -

Private transportation

207.225 - 191.642 -9.4 -7.5 -

New and used motor vehicles(1)

110.188 - 109.457 0.8 -0.7 -

New vehicles

126.321 - 125.963 1.3 -0.3 -

Used cars and trucks

135.124 - 132.858 0.5 -1.7 -

Motor fuel

247.609 200.071 193.325 -34.7 -21.9 -3.4

Gasoline (all types)

242.193 194.820 188.124 -35.1 -22.3 -3.4

Unleaded regular(2)

234.146 185.702 179.423 -36.6 -23.4 -3.4

Unleaded midgrade(2)(3)

225.387 200.191 194.473 -23.6 -13.7 -2.9

Unleaded premium(2)

271.373 242.120 232.215 -23.0 -14.4 -4.1

Motor vehicle insurance

602.782 - 491.160 -14.2 -18.5 -

Medical Care

406.323 - 409.320 4.3 0.7 -

Recreation(1)

124.361 - 125.310 2.2 0.8 -

Education and communication(1)

130.485 - 130.620 -1.2 0.1 -

Tuition, other school fees, and child care

630.519 - 631.160 1.9 0.1 -

Other goods and services

309.821 - 300.914 0.9 -2.9 -

Commodity and service group

All Items

231.619 - 231.032 0.9 -0.3 -

Commodities

173.457 - 173.468 -1.7 0.0 -

Commodities less food & beverages

141.759 - 135.780 -8.1 -4.2 -

Nondurables less food & beverages

199.288 - 181.017 -15.7 -9.2 -

Durables

91.298 - 92.115 0.2 0.9 -

Services

283.218 - 282.134 2.3 -0.4 -

Special aggregate indexes

All items less medical care

222.213 - 221.455 0.6 -0.3 -

All items less shelter

213.835 - 211.716 -0.8 -1.0 -

Commodities less food

145.369 - 139.712 -7.5 -3.9 -

Nondurables

218.313 - 217.556 -2.5 -0.3 -

Nondurables less food

200.786 - 184.598 -13.8 -8.1 -

Services less rent of shelter

289.309 - 283.147 0.4 -2.1 -

Services less medical care services

269.418 - 268.192 2.0 -0.5 -

Energy

198.540 180.631 164.034 -24.8 -17.4 -9.2

All items less energy

234.080 - 236.218 2.9 0.9 -

All items less food and energy

233.910 - 234.091 2.0 0.1 -

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.

 

Last Modified Date: Wednesday, June 10, 2020