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Wednesday, January 16, 2013

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Consumer Price Index, South Region – December 2012

Prices in the South down 0.1 percent over the month; up 1.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South inched down 0.1 percent in December, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that energy prices declined 1.2 percent, while food prices edged up 0.2 percent over the month. The index for all items less food and energy was unchanged in December. Price decreases within the all items less food and energy group, led by apparel, were offset by price increases for components including shelter, new vehicles, and medical care. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U advanced 1.7 percent. The index for all items less food and energy increased 1.9 percent over the year. (See chart 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), South region, December 2009 - December 2012

Food

Food prices edged up 0.2 percent in December. Prices for food away from home increased 0.3 percent, while prices for food at home inched up 0.1 percent.

Since December 2011, the index for food advanced 1.8 percent. Prices for food away from home and food at home increased 2.6 and 1.2 percent, respectively.

Energy

The energy index decreased 1.2 percent in December, led by a 2.7-percent decline in motor fuel prices. Prices for utility (piped) gas service rose 3.1 percent and those for electricity increased 0.5 percent over the month.

Over the year, energy prices edged down 0.3 percent, as prices for electricity and utility (piped) gas service decreased 2.1 and 1.7 percent, respectively. The index for motor fuel increased 1.0 percent over the year.

All items less food and energy

The index for all items less food and energy was unchanged in December. Price declines, led by a 2.3-percent seasonal decrease in apparel prices, were offset by price increases in several categories including shelter (0.1 percent), new vehicles (0.5 percent), and medical care (0.2 percent).

Over the year, the index for all items less food and energy rose 1.9 percent, led by increases in prices for shelter and medical care, up 2.3 and 3.1 percent, respectively.

The January 2013 Consumer Price Index for the South region is scheduled to be released on Thursday, February 21, 2013 at 8:30 a.m. (ET).

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

2007 2008 2009 2010 2011 2012
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.1 1.8 0.5 4.9 0.4 -0.1 0.3 2.8 0.5 1.7 0.5 3.2

February

0.5 2.2 0.3 4.6 0.5 0.1 0.0 2.3 0.5 2.2 0.6 3.3

March

1.0 2.6 0.8 4.4 0.3 -0.3 0.6 2.5 1.2 2.8 0.7 2.8

April

0.9 2.5 0.7 4.2 0.3 -0.7 0.1 2.4 0.7 3.4 0.4 2.5

May

0.6 2.7 0.9 4.6 0.3 -1.3 0.0 2.0 0.5 4.0 -0.4 1.6

June

0.4 2.7 1.1 5.3 1.0 -1.4 -0.1 0.9 -0.2 3.8 -0.2 1.7

July

-0.1 2.3 0.5 5.8 -0.3 -2.1 -0.1 1.0 0.2 4.1 -0.2

1.4

August

-0.3 2.0 -0.4 5.6 0.1 -1.6 0.2 1.1 0.4 4.3 0.6 1.6

September

0.3 3.0 0.1 5.4 0.0 -1.8 0.2 1.4 0.0 4.1 0.5 2.1

October

0.2 3.8 -1.2 3.9 0.2 -0.4 0.1 1.3 -0.2 3.7 -0.2 2.1

November

0.6 4.7 -2.2 1.0 0.2 2.0 0.0 1.1 0.0 3.8 -0.5 1.6

December

0.0 4.4 -1.0 0.0 -0.1 2.9 0.2 1.4 -0.2 3.3 -0.1 1.7

Technical Note

The Consumer Price Index (CPI) is a measure of the average change in prices over time of goods and services purchased by households. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) the CPI for Urban Wage Earners and Clerical Workers (CPI-W), which covers 29 percent of the total population and (2) the CPI for All Urban Consumers (CPI-U) and the Chained CPI for All Urban Consumers (C-CPI-U), which cover approximately 88 percent of the total population and include, in addition to wage earners and clerical worker households, 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 CPIs are 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. Prices are collected each month in 87 urban areas across the country from about 4,000 housing units and approximately 26,000 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.

In calculating the index, price changes for the various items in each location are averaged together with weights, which represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. For the CPI-U and CPI-W separate indexes are also published by size of city, by region of the country, for cross-classifications of regions and population-size classed, and for 27 local areas. Area indexes do not measure differences in the level of prices among cities; they only measure the average change in prices for each area since the base period. For the C-CPI-U, data are issued only at the national level. It is important to note that the CPI-U and CPI-W are considered final when released, but the C-CPI-U is issued in preliminary form and subject to two annual revisions.

The index measures price changes from a designated reference date. For the CPI-U and the CPI-W the reference base is 1982-84 equals 100. The reference base for the C-CPI-U is December 1999 equals 100. An increase of 16.5 percent from the reference base, for example, is shown as 116.500. 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.

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.

For further details visit the CPI home page on the Internet at www.bls.gov/cpi or contact our CPI Information and Analysis Section at (202) 691-7000.

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-
Oct.
2012
Nov.
2012
Dec.
2012
Dec.
2011
Oct.
2012
Nov.
2012

Expenditure category

All Items

224.504 223.404 223.109 1.7 -0.6 -0.1

All items (December 1977=100)

364.177 362.392 361.914

Food and beverages

233.483 233.164 233.584 1.8 0.0 0.2

Food

234.709 234.333 234.736 1.8 0.0 0.2

Food at home

231.493 230.767 231.039 1.2 -0.2 0.1

Food away from home

242.119 242.284 242.896 2.6 0.3 0.3

Alcoholic beverages

215.532 216.070 216.762 1.9 0.6 0.3

Housing

207.863 207.998 208.346 1.7 0.2 0.2

Shelter

232.637 232.788 233.039 2.3 0.2 0.1

Rent of primary residence (1)

235.876 236.382 236.632 2.6 0.3 0.1

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

235.981 236.502 236.637 2.1 0.3 0.1

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

235.968 236.488 236.623 2.1 0.3 0.1

Fuels and utilities

215.635 215.170 216.650 -0.3 0.5 0.7

Household energy

178.558 177.803 179.240 -2.0 0.4 0.8

Energy services (1)

178.064 177.234 178.733 -2.1 0.4 0.8

Electricity (1)

176.901 174.761 175.612 -2.1 -0.7 0.5

Utility (piped) gas service (1)

170.872 178.649 184.249 -1.7 7.8 3.1

Household furnishings and operations

125.464 126.022 125.885 -0.1 0.3 -0.1

Apparel

140.439 138.147 135.012 1.4 -3.9 -2.3

Transportation

218.374 212.487 210.699 1.4 -3.5 -0.8

Private transportation

216.850 210.718 208.895 1.4 -3.7 -0.9

New and used motor vehicles (3)

100.549 100.480 100.692 0.5 0.1 0.2

New vehicles

148.592 149.437 150.198 1.9 1.1 0.5

New cars and trucks (3) (4)

101.102 101.679 102.218 1.9 1.1 0.5

New cars (4)

151.744 152.866 153.820 1.1 1.4 0.6

Used cars and trucks

146.764 144.368 143.822 -2.0 -2.0 -0.4

Motor fuel

313.439 289.667 281.924 1.0 -10.1 -2.7

Gasoline (all types)

311.969 287.672 279.776 1.0 -10.3 -2.7

Unleaded regular (4)

310.837 286.042 278.071 0.8 -10.5 -2.8

Unleaded midgrade (4) (5)

325.137 300.983 293.026 1.2 -9.9 -2.6

Unleaded premium (4)

308.314 286.522 278.981 1.7 -9.5 -2.6

Medical care

396.371 398.082 398.857 3.1 0.6 0.2

Medical care commodities

315.364 315.596 316.016 2.4 0.2 0.1

Medical care services

423.885 426.217 427.133 3.4 0.8 0.2

Professional services

344.363 344.414 343.576 1.8 -0.2 -0.2

Recreation (3)

114.466 114.579 114.418 0.8 0.0 -0.1

Education and communication (3)

131.149 131.194 131.100 1.5 0.0 -0.1

Other goods and services

386.185 387.557 388.000 1.1 0.5 0.1

Commodity and service group

All Items

224.504 223.404 223.109 1.7 -0.6 -0.1

Commodities

190.270 187.593 186.531 0.9 -2.0 -0.6

Commodities less food and beverages

167.930 164.343 162.693 0.5 -3.1 -1.0

Nondurables less food and beverages

224.825 217.578 214.204 1.1 -4.7 -1.6

Nondurables less food, beverages, and apparel

276.575 266.419 262.838 1.0 -5.0 -1.3

Durables

114.578 114.490 114.487 -0.6 -0.1 0.0

Services

259.747 260.132 260.564 2.1 0.3 0.2

Rent of shelter (2)

238.976 239.118 239.348 2.3 0.2 0.1

Transportation services

288.455 290.217 290.523 2.7 0.7 0.1

Other services

313.449 313.733 313.938 2.0 0.2 0.1

Special aggregate indexes

All items less medical care

214.766 213.558 213.220 1.5 -0.7 -0.2

All items less food

222.705 221.493 221.090 1.6 -0.7 -0.2

All items less shelter

222.758 221.126 220.600 1.4 -1.0 -0.2

Commodities less food

169.591 166.099 164.503 0.5 -3.0 -1.0

Nondurables

229.656 225.567 223.925 1.4 -2.5 -0.7

Nondurables less food

224.164 217.315 214.148 1.1 -4.5 -1.5

Nondurables less food and apparel

270.165 260.892 257.661 1.0 -4.6 -1.2

Services less rent of shelter (2)

294.010 294.717 295.418 2.0 0.5 0.2

Services less medical care services

244.864 245.126 245.520 2.0 0.3 0.2

Energy

236.249 225.039 222.271 -0.3 -5.9 -1.2

All items less energy

223.806 223.903 223.901 1.9 0.0 0.0

All items less food and energy

222.271 222.453 222.379 1.9 0.0 0.0

Commodities less food and energy commodities

150.035 149.690 149.041 0.4 -0.7 -0.4

Energy commodities

317.223 293.697 285.990 1.0 -9.8 -2.6

Services less energy services

268.268 268.794 269.098 2.5 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) 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: January 16, 2013

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