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18-1169-ATL
Thursday, July 12, 2018

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Consumer Price Index, South Region – June 2018

Prices in the South up 0.2 percent over the month and 2.7 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 energy index advanced 1.4 percent over the pricing period. The all items less food and energy index and the index for food, each inched up 0.1 percent in June. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes June reflect the impact of seasonal influences.)

The all items CPI-U was up 2.7 percent for the 12 months ending June. The index for all items less food and energy increased 2.1 percent over the past year, while the energy index advanced 10.9 percent and the food index rose 1.0 percent. (See chart 1 and table 1.)

Food

The food index inched up 0.1 percent in June. The food away from home index edged up 0.2 percent over the month, while the food at home index was up 0.1 percent.

The food index rose 1.0 percent since June 2017, primarily due to a 2.0-percent increase in the food away from home index. The food at home index edged up 0.3 percent over the year.

Energy

The energy index advanced 1.4 percent in June, reflecting a 3.9-percent increase in the electricity index. The utility (piped) gas service index declined 0.8 percent over the month, while the motor fuel index was unchanged.

From June 2017—June 2018, the energy index advanced 10.9 percent, fueled by a 24.2-percent increase in the motor fuel index. Over the year, the electricity and the utility (piped) gas service indexes declined, down 1.1 and 3.2 percent, respectively.

All items less food and energy

In June 2018, the all items less food and energy index inched up 0.1 percent. Increases in the shelter index (0.1 percent) and the medical care index (0.3 percent) were offset by a seasonal decline in the apparel index (-1.8 percent).

Since June 2017, the index for all items less food and energy advanced 2.1 percent. The shelter index contributed to the increase, up 3.1 percent over the year.

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2014 2015 2016 2017 2018
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.3 1.7 -0.7 -0.4 0.0 1.2 0.5 2.6 0.5 1.8

February

0.4 1.2 0.5 -0.3 0.1 0.7 0.2 2.8 0.6 2.1

March

0.6 1.5 0.6 -0.3 0.6 0.7 0.0 2.2 0.2 2.3

April

0.5 2.3 0.3 -0.6 0.4 0.9 0.2 2.0 0.4 2.4

May

0.2 2.4 0.4 -0.4 0.4 0.9 0.0 1.7 0.3 2.7

June

0.2 2.3 0.5 -0.1 0.4 0.8 0.2 1.5 0.2 2.7

July

-0.1 2.0 -0.1 -0.1 -0.2 0.7 -0.2 1.6

August

-0.2 1.7 -0.2 -0.2 0.1 1.0 0.4 1.9

September

0.1 1.7 -0.2 -0.4 0.2 1.4 0.7 2.4

October

-0.3 1.6 0.0 -0.1 0.1 1.5 -0.2 2.0

November

-0.6 1.3 -0.2 0.3 -0.1 1.6 -0.1 2.1

December

-0.6 0.6 -0.4 0.5 0.1 2.0 -0.1 1.8

The Consumer Price Index for July 2018 is scheduled to be released on Friday, August 10, 2018.


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 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.
2018
May
2018
Jun.
2018
Jun.
2017
Apr.
2018
May
2018

Expenditure category

All Items

242.486 243.279 243.770 2.7 0.5 0.2

All items (December 1977=100)

393.346 394.632 395.429 - - -

Food and beverages

249.847 249.818 250.208 1.1 0.1 0.2

Food

251.061 251.137 251.502 1.0 0.2 0.1

Food at home

237.670 237.315 237.459 0.3 -0.1 0.1

Cereal and bakery products

275.534 276.967 277.972 - 0.9 0.4

Meats, poultry, fish, and eggs

245.420 244.319 243.526 - -0.8 -0.3

Dairy and related products

219.597 217.733 218.148 - -0.7 0.2

Fruits and vegetables

283.841 283.071 283.756 - 0.0 0.2

Nonalcoholic beverages and beverage materials

164.696 165.041 163.931 - -0.5 -0.7

Other food at home

209.267 209.161 210.115 - 0.4 0.5

Food away from home

273.864 274.544 275.224 2.0 0.5 0.2

Alcoholic beverages

232.539 230.980 231.737 1.5 -0.3 0.3

Housing

236.578 237.125 238.077 2.4 0.6 0.4

Shelter

272.593 273.314 273.607 3.1 0.4 0.1

Rent of primary residence(1)

283.436 284.241 285.134 3.6 0.6 0.3

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

273.932 274.489 275.010 3.1 0.4 0.2

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

273.930 274.487 275.008 3.1 0.4 0.2

Fuels and utilities

233.867 234.703 240.474 -0.1 2.8 2.5

Household energy

187.920 188.647 194.662 -1.1 3.6 3.2

Energy services(1)

187.826 188.588 194.734 -1.4 3.7 3.3

Electricity(1)

185.473 186.306 193.492 -1.1 4.3 3.9

Utility (piped) gas service(1)

187.999 188.205 186.650 -3.2 -0.7 -0.8

Household furnishings and operations

121.904 121.732 121.879 1.0 0.0 0.1

Apparel

140.976 140.367 137.828 2.7 -2.2 -1.8

Transportation

211.814 214.664 214.836 6.7 1.4 0.1

Private transportation

210.348 213.323 213.631 7.2 1.6 0.1

New and used motor vehicles(3)

101.593 101.455 101.801 -0.6 0.2 0.3

New vehicles

152.427 152.468 152.615 -0.9 0.1 0.1

New cars and trucks(3)(4)

103.772 103.804 103.897 -1.0 0.1 0.1

New cars(4)

152.118 151.953 151.794 -1.0 -0.2 -0.1

Used cars and trucks

140.400 139.882 140.642 -0.1 0.2 0.5

Motor fuel

230.326 242.557 242.553 24.2 5.3 0.0

Gasoline (all types)

229.172 241.430 241.336 24.1 5.3 0.0

Unleaded regular(4)

223.938 236.131 235.985 24.7 5.4 -0.1

Unleaded midgrade(4)(5)

251.781 263.865 264.452 22.0 5.0 0.2

Unleaded premium(4)

248.606 260.125 260.358 19.8 4.7 0.1

Motor vehicle insurance(6)

939.811 941.433 941.337 - 0.2 0.0

Medical care

465.488 465.132 466.684 2.1 0.3 0.3

Medical care commodities

368.457 368.873 372.730 2.3 1.2 1.0

Medical care services

498.045 497.420 498.160 2.0 0.0 0.1

Professional services

366.838 365.871 365.665 1.0 -0.3 -0.1

Recreation(3)

117.716 117.420 117.923 -0.1 0.2 0.4

Education and communication(3)

131.891 132.270 132.497 0.8 0.5 0.2

Tuition, other school fees, and child care(6)

1,295.353 1,296.707 1,298.695 - 0.3 0.2

Other goods and services

426.734 427.174 426.629 1.5 0.0 -0.1

Commodity and service group

All Items

242.486 243.279 243.770 2.7 0.5 0.2

Commodities

185.243 186.230 186.232 2.9 0.5 0.0

Commodities less food and beverages

154.126 155.417 155.285 3.9 0.8 -0.1

Nondurables less food and beverages

205.715 209.294 208.823 8.3 1.5 -0.2

Nondurables less food, beverages, and apparel

245.988 251.849 252.430 10.0 2.6 0.2

Durables

107.686 107.426 107.519 -1.1 -0.2 0.1

Services

299.906 300.481 301.486 2.5 0.5 0.3

Rent of shelter(2)

279.908 280.587 280.885 3.1 0.3 0.1

Transportation services

358.752 359.265 359.027 4.4 0.1 -0.1

Other services

338.671 339.160 339.999 1.2 0.4 0.2

Special aggregate indexes

All items less medical care

230.319 231.165 231.601 2.8 0.6 0.2

All items less food

240.908 241.806 242.315 3.0 0.6 0.2

All items less shelter

231.707 232.530 233.097 2.5 0.6 0.2

Commodities less food

156.584 157.819 157.706 3.9 0.7 -0.1

Nondurables

226.824 228.756 228.679 4.5 0.8 0.0

Nondurables less food

207.058 210.371 209.964 7.9 1.4 -0.2

Nondurables less food and apparel

243.753 249.011 249.603 9.4 2.4 0.2

Services less rent of shelter(2)

334.388 334.857 336.752 1.9 0.7 0.6

Services less medical care services

282.064 282.726 283.743 2.6 0.6 0.4

Energy

203.877 210.180 213.119 10.9 4.5 1.4

All items less energy

247.597 247.769 247.985 2.0 0.2 0.1

All items less food and energy

247.394 247.583 247.774 2.1 0.2 0.1

Commodities less food and energy commodities

147.662 147.381 147.251 0.1 -0.3 -0.1

Energy commodities

234.222 246.418 246.418 23.9 5.2 0.0

Services less energy services

311.751 312.305 312.741 2.8 0.3 0.1

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) Indexes 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.
(6) Indexes on a December 1977=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, July 12, 2018