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Thursday, February 21, 2013

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Consumer Price Index, South Region – January 2013

Prices in the South up 0.4 percent over the month and 1.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South rose 0.4 percent in January, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau's regional commissioner, noted that energy prices advanced 1.2 percent over the month. The indexes for food and all items less food and energy each edged up 0.3 percent. Within the all items less food and energy group, price increases were noted for a number of components including shelter 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 1.6 percent. The index for all items less food and energy increased 2.0 percent over the year. (See chart 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), South region, January 2010 - January 2013

Food

Food prices edged up 0.3 percent in January. Prices for food at home increased 0.5 percent and prices for food away from home inched up 0.1 percent.

Since January 2012, the index for food advanced 1.6 percent as prices for food away from home and those for food at home increased 2.4 and 1.0 percent, respectively.

Energy

The energy index increased 1.2 percent in January. A 2.8-percent advance in motor fuel prices was partially offset by price declines for electricity (-0.8 percent) and utility (piped) gas service (-2.1 percent).

Over the year, energy prices declined 1.6 percent. Price decreases were recorded for electricity (-2.8 percent), motor fuel (-0.7 percent), and utility (piped) gas service (-2.6 percent).

All items less food and energy

The index for all items less food and energy edged up 0.3 percent in January. Among the components of the index recording price increases were shelter and medical care, up 0.3 and 0.7 percent, respectively. Partially moderating the overall increase was a seasonal decline in apparel prices, down 1.8 percent.

Over the year, the index for all items less food and energy rose 2.0 percent, led by increases in prices for shelter (2.3 percent) and medical care (3.7 percent).

The February 2013 Consumer Price Index for the South region is scheduled to be released on Friday, March 15, 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

2008 2009 2010 2011 2012 2013
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

0.5 4.9 0.4 -0.1 0.3 2.8 0.5 1.7 0.5 3.2 0.4 1.6

February

0.3 4.6 0.5 0.1 0.0 2.3 0.5 2.2 0.6 3.3

March

0.8 4.4 0.3 -0.3 0.6 2.5 1.2 2.8 0.7 2.8

April

0.7 4.2 0.3 -0.7 0.1 2.4 0.7 3.4 0.4 2.5

May

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

June

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

July

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

1.4

August

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

September

0.1 5.4 0.0 -1.8 0.2 1.4 0.0 4.1 0.5 2.1

October

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

November

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

December

-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-
Nov.
2012
Dec.
2012
Jan.
2013
Jan.
2012
Nov.
2012
Dec.
2012

Expenditure category

All Items

223.404 223.109 223.933 1.6 0.2 0.4

All items (December 1977=100)

362.392 361.914 363.250

Food and beverages

233.164 233.584 234.434 1.5 0.5 0.4

Food

234.333 234.736 235.552 1.6 0.5 0.3

Food at home

230.767 231.039 232.232 1.0 0.6 0.5

Food away from home

242.284 242.896 243.132 2.4 0.4 0.1

Alcoholic beverages

216.070 216.762 218.106 1.2 0.9 0.6

Housing

207.998 208.346 208.699 1.5 0.3 0.2

Shelter

232.788 233.039 233.811 2.3 0.4 0.3

Rent of primary residence (1)

236.382 236.632 237.547 3.1 0.5 0.4

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

236.502 236.637 237.240 2.1 0.3 0.3

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

236.488 236.623 237.227 2.1 0.3 0.3

Fuels and utilities

215.170 216.650 215.240 -1.0 0.0 -0.7

Household energy

177.803 179.240 177.557 -2.8 -0.1 -0.9

Energy services (1)

177.234 178.733 176.988 -2.8 -0.1 -1.0

Electricity (1)

174.761 175.612 174.210 -2.8 -0.3 -0.8

Utility (piped) gas service (1)

178.649 184.249 180.412 -2.6 1.0 -2.1

Household furnishings and operations

126.022 125.885 126.035 -0.3 0.0 0.1

Apparel

138.147 135.012 132.567 1.9 -4.0 -1.8

Transportation

212.487 210.699 213.192 1.0 0.3 1.2

Private transportation

210.718 208.895 211.429 0.9 0.3 1.2

New and used motor vehicles (3)

100.480 100.692 100.963 0.7 0.5 0.3

New vehicles

149.437 150.198 150.893 1.9 1.0 0.5

New cars and trucks (3) (4)

101.679 102.218 102.697 1.9 1.0 0.5

New cars (4)

152.866 153.820 154.427 1.4 1.0 0.4

Used cars and trucks

144.368 143.822 143.903 -1.3 -0.3 0.1

Motor fuel

289.667 281.924 289.681 -0.7 0.0 2.8

Gasoline (all types)

287.672 279.776 287.789 -0.8 0.0 2.9

Unleaded regular (4)

286.042 278.071 286.112 -1.1 0.0 2.9

Unleaded midgrade (4) (5)

300.983 293.026 301.369 -0.2 0.1 2.8

Unleaded premium (4)

286.522 278.981 286.658 0.2 0.0 2.8

Medical care

398.082 398.857 401.735 3.7 0.9 0.7

Medical care commodities

315.596 316.016 318.339 2.9 0.9 0.7

Medical care services

426.217 427.133 430.196 3.9 0.9 0.7

Professional services

344.414 343.576 345.363 2.3 0.3 0.5

Recreation (3)

114.579 114.418 114.757 0.6 0.2 0.3

Education and communication (3)

131.194 131.100 131.666 1.6 0.4 0.4

Other goods and services

387.557 388.000 388.625 1.3 0.3 0.2

Commodity and service group

All Items

223.404 223.109 223.933 1.6 0.2 0.4

Commodities

187.593 186.531 187.395 0.6 -0.1 0.5

Commodities less food and beverages

164.343 162.693 163.543 0.1 -0.5 0.5

Nondurables less food and beverages

217.578 214.204 215.765 0.5 -0.8 0.7

Nondurables less food, beverages, and apparel

266.419 262.838 266.656 0.1 0.1 1.5

Durables

114.490 114.487 114.660 -0.6 0.1 0.2

Services

260.132 260.564 261.359 2.2 0.5 0.3

Rent of shelter (2)

239.118 239.348 240.150 2.3 0.4 0.3

Transportation services

290.217 290.523 291.847 3.5 0.6 0.5

Other services

313.733 313.938 315.298 2.1 0.5 0.4

Special aggregate indexes

All items less medical care

213.558 213.220 213.947 1.4 0.2 0.3

All items less food

221.493 221.090 221.914 1.6 0.2 0.4

All items less shelter

221.126 220.600 221.452 1.2 0.1 0.4

Commodities less food

166.099 164.503 165.368 0.1 -0.4 0.5

Nondurables

225.567 223.925 225.164 1.0 -0.2 0.6

Nondurables less food

217.315 214.148 215.696 0.5 -0.7 0.7

Nondurables less food and apparel

260.892 257.661 261.266 0.2 0.1 1.4

Services less rent of shelter (2)

294.717 295.418 296.228 2.1 0.5 0.3

Services less medical care services

245.126 245.520 246.165 2.0 0.4 0.3

Energy

225.039 222.271 224.917 -1.6 -0.1 1.2

All items less energy

223.903 223.901 224.511 1.9 0.3 0.3

All items less food and energy

222.453 222.379 222.953 2.0 0.2 0.3

Commodities less food and energy commodities

149.690 149.041 148.822 0.4 -0.6 -0.1

Energy commodities

293.697 285.990 293.703 -0.8 0.0 2.7

Services less energy services

268.794 269.098 270.189 2.6 0.5 0.4

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: February 25, 2013

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