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Wednesday, April 11, 2018

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Consumer Price Index, South Region – March 2018

Prices in the South up 0.2 percent over the month and 2.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged up 0.2 percent in March, the U.S. Bureau of Labor Statistics reported today. The index for all items less food and energy increased 0.4 percent over the pricing period. The energy index decreased 1.0 percent in March, while the food index inched down 0.1 percent. (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 was up 2.3 percent for the 12 months ending March. The index for all items less food and energy increased 2.1 percent over the past year, while the energy index advanced 6.2 percent and the food index rose 1.0 percent. (See chart 1.)

Food

The food index inched down 0.1 percent in March. The index for food at home edged down 0.2 percent, led by a 2.3 percent decrease in the fruits and vegetables index. The index for food away from home was unchanged over the month.

Over the last 12 months, the food index rose 1.0 percent, reflecting increases in the indexes for food away from home (2.1 percent) and food at home (0.2 percent).

Energy

The energy index decreased 1.0 percent in March, led by a 1.1-percent decrease in the motor fuel index. The indexes for electricity and utility (piped) gas service were also down, declining 0.9 and 1.0 percent, respectively.

From March 2017—March 2018, the energy index advanced 6.2 percent, fueled by a 11.1-percent increase in the motor fuel index. The electricity index rose 1.1 percent and the index for utility (piped) gas service increased 3.1 percent over the last year.

All items less food and energy

In March 2018, the all items less food and energy index increased 0.4 percent, reflecting increases in the indexes for apparel (4.5 percent), shelter (0.4 percent), and medical care (0.2 percent). The index for education and communication edged down 0.3 percent over the month.

Since March 2017, the index for all items less food and energy advanced 2.1 percent. The shelter index contributed to the increase, up 3.3 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

May

0.2 2.4 0.4 -0.4 0.4 0.9 0.0 1.7

June

0.2 2.3 0.5 -0.1 0.4 0.8 0.2 1.5

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 April 2018 is scheduled to be released on Thursday, May 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-
Jan.
2018
Feb.
2018
Mar.
2018
Mar.
2017
Jan.
2018
Feb.
2018

Expenditure category

All Items

239.772 241.123 241.595 2.3 0.8 0.2

All items (December 1977=100)

388.943 391.135 391.900 - - -

Food and beverages

249.815 249.475 249.324 1.0 -0.2 -0.1

Food

251.127 250.710 250.519 1.0 -0.2 -0.1

Food at home

238.422 237.191 236.789 0.2 -0.7 -0.2

Cereal and bakery products

279.047 276.276 275.995 - -1.1 -0.1

Meats, poultry, fish, and eggs

241.320 241.201 243.739 - 1.0 1.1

Dairy and related products

219.988 218.805 218.319 - -0.8 -0.2

Fruits and vegetables

289.347 284.805 278.388 - -3.8 -2.3

Nonalcoholic beverages and beverage materials

166.650 165.709 166.521 - -0.1 0.5

Other food at home

209.633 209.763 209.307 - -0.2 -0.2

Food away from home

272.970 273.685 273.787 2.1 0.3 0.0

Alcoholic beverages

231.076 231.864 232.296 1.1 0.5 0.2

Housing

235.071 235.746 236.083 2.8 0.4 0.1

Shelter

270.413 270.759 271.742 3.3 0.5 0.4

Rent of primary residence(1)

281.731 282.086 282.695 3.8 0.3 0.2

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

272.487 272.713 273.398 3.2 0.3 0.3

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

272.479 272.703 273.392 3.2 0.3 0.3

Fuels and utilities

234.824 236.851 235.111 1.8 0.1 -0.7

Household energy

189.383 191.430 189.594 1.6 0.1 -1.0

Energy services(1)

189.240 191.340 189.503 1.4 0.1 -1.0

Electricity(1)

186.609 188.321 186.537 1.1 0.0 -0.9

Utility (piped) gas service(1)

191.208 195.804 193.767 3.1 1.3 -1.0

Household furnishings and operations

121.071 121.962 121.505 -0.2 0.4 -0.4

Apparel

128.360 134.086 140.171 2.5 9.2 4.5

Transportation

206.288 208.883 208.913 4.0 1.3 0.0

Private transportation

205.340 207.748 207.547 4.3 1.1 -0.1

New and used motor vehicles(3)

101.344 101.619 102.107 -0.6 0.8 0.5

New vehicles

153.484 153.431 153.371 -1.1 -0.1 0.0

New cars and trucks(3)(4)

104.496 104.446 104.409 -1.1 -0.1 0.0

New cars(4)

152.796 152.819 152.811 -1.7 0.0 0.0

Used cars and trucks

137.686 138.808 140.919 0.6 2.3 1.5

Motor fuel

214.278 218.976 216.548 11.1 1.1 -1.1

Gasoline (all types)

213.005 217.679 215.297 11.1 1.1 -1.1

Unleaded regular(4)

207.758 212.431 209.963 11.1 1.1 -1.2

Unleaded midgrade(4)(5)

236.213 240.797 238.916 10.8 1.1 -0.8

Unleaded premium(4)

234.324 238.486 237.098 10.3 1.2 -0.6

Motor vehicle insurance(6)

919.295 944.961 941.693 - 2.4 -0.3

Medical care

461.691 464.905 465.888 1.8 0.9 0.2

Medical care commodities

369.046 369.817 370.807 1.2 0.5 0.3

Medical care services

492.724 496.783 497.762 1.9 1.0 0.2

Professional services

357.919 362.951 366.287 -0.3 2.3 0.9

Recreation(3)

116.802 118.011 118.209 0.5 1.2 0.2

Education and communication(3)

132.601 132.438 132.027 -0.2 -0.4 -0.3

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

1,301.206 1,303.153 1,295.109 - -0.5 -0.6

Other goods and services

425.261 424.495 424.111 1.5 -0.3 -0.1

Commodity and service group

All Items

239.772 241.123 241.595 2.3 0.8 0.2

Commodities

182.220 183.375 183.844 1.4 0.9 0.3

Commodities less food and beverages

150.214 151.831 152.491 1.5 1.5 0.4

Nondurables less food and beverages

196.795 200.123 201.351 3.9 2.3 0.6

Nondurables less food, beverages, and apparel

238.680 240.880 239.640 4.4 0.4 -0.5

Durables

107.269 107.666 107.910 -1.3 0.6 0.2

Services

297.560 299.100 299.569 2.8 0.7 0.2

Rent of shelter(2)

277.642 278.005 279.027 3.3 0.5 0.4

Transportation services

350.383 357.151 357.797 5.1 2.1 0.2

Other services

338.585 339.548 339.283 1.0 0.2 -0.1

Special aggregate indexes

All items less medical care

227.671 228.924 229.368 2.4 0.7 0.2

All items less food

237.785 239.397 239.966 2.5 0.9 0.2

All items less shelter

228.784 230.519 230.799 1.8 0.9 0.1

Commodities less food

152.706 154.313 154.971 1.5 1.5 0.4

Nondurables

221.959 223.612 224.210 2.4 1.0 0.3

Nondurables less food

198.525 201.721 202.908 3.7 2.2 0.6

Nondurables less food and apparel

236.934 239.013 237.909 4.1 0.4 -0.5

Services less rent of shelter(2)

331.864 334.884 334.698 2.3 0.9 -0.1

Services less medical care services

279.967 281.300 281.726 2.9 0.6 0.2

Energy

196.789 200.074 197.996 6.2 0.6 -1.0

All items less energy

245.370 246.506 247.268 2.0 0.8 0.3

All items less food and energy

244.776 246.177 247.101 2.1 0.9 0.4

Commodities less food and energy commodities

145.423 146.619 147.722 -0.3 1.6 0.8

Energy commodities

218.279 222.963 220.499 11.1 1.0 -1.1

Services less energy services

308.995 310.471 311.193 2.9 0.7 0.2

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: Wednesday, April 11, 2018