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Tuesday, April 16, 2013

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Consumer Price Index, South Region – March 2013

Prices in the South up 0.3 percent over the month and 1.5 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South rose 0.3 percent in March, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau's regional commissioner, noted that the index for all items less food and energy increased 0.3 percent and energy prices advanced 1.0 percent over the month, while prices for food were unchanged. Within the all items less food and energy group, prices increased for a number of components including apparel, shelter, and new and used motor vehicles. (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 1.5 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, March 2010 - March 2013

Food

Food prices were unchanged in March as price increases for food away from home (0.3 percent) were offset by lower prices for food at home (-0.2 percent).

Since March 2012, the index for food increased 1.7 percent as prices for both food away from home and food at home increased, up 2.4 and 1.2 percent, respectively.

Energy

The energy index increased 1.0 percent in March, led by a 1.4-percent rise in prices for motor fuel. Prices for electricity advanced 0.6 percent while those for utility (piped) gas service declined 0.5 percent.

Over the year, energy prices declined 1.8 percent. Price decreases for motor fuel (-2.5 percent) and electricity (-1.4 percent) were partially offset by an increase in utility (piped) gas service prices (5.1 percent).

All items less food and energy

The index for all items less food and energy rose 0.3 percent in March. Among the components of the index recording price increases were apparel (2.2 percent), shelter (0.2 percent), and new and used motor vehicles (0.6 percent).

Over the year, the index for all items less food and energy rose 2.0 percent, as prices for shelter and medical care increased, up 2.3 and 3.3 percent, respectively.

The April 2013 Consumer Price Index for the South region is scheduled to be released on Thursday, May 16, 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 0.9 1.8

March

0.8 4.4 0.3 -0.3 0.6 2.5 1.2 2.8 0.7 2.8 0.3 1.5

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-
Jan.
2013
Feb.
2013
Mar.
2013
Mar.
2012
Jan.
2013
Feb.
2013

Expenditure category

All Items

223.933 225.874 226.628 1.5 1.2 0.3

All items (December 1977=100)

363.250 366.398 367.623 - - -

Food and beverages

234.434 234.932 234.913 1.6 0.2 0.0

Food

235.552 236.042 235.970 1.7 0.2 0.0

Food at home

232.232 232.784 232.259 1.2 0.0 -0.2

Food away from home

243.132 243.532 244.163 2.4 0.4 0.3

Alcoholic beverages

218.106 218.714 219.511 1.3 0.6 0.4

Housing

208.699 209.213 209.535 1.8 0.4 0.2

Shelter

233.811 234.459 234.894 2.3 0.5 0.2

Rent of primary residence (1)

237.547 237.828 238.197 3.0 0.3 0.2

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

237.240 237.564 237.824 2.2 0.2 0.1

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

237.227 237.551 237.812 2.2 0.2 0.1

Fuels and utilities

215.240 215.511 216.385 0.7 0.5 0.4

Household energy

177.557 177.719 178.406 -0.7 0.5 0.4

Energy services (1)

176.988 177.098 177.849 -0.5 0.5 0.4

Electricity (1)

174.210 174.261 175.261 -1.4 0.6 0.6

Utility (piped) gas service (1)

180.412 180.899 179.964 5.1 -0.2 -0.5

Household furnishings and operations

126.035 126.268 125.749 -0.8 -0.2 -0.4

Apparel

132.567 134.698 137.679 1.0 3.9 2.2

Transportation

213.192 220.182 221.888 0.2 4.1 0.8

Private transportation

211.429 218.690 220.293 0.1 4.2 0.7

New and used motor vehicles (3)

100.963 101.271 101.911 0.7 0.9 0.6

New vehicles

150.893 150.955 151.354 1.0 0.3 0.3

New cars and trucks (3) (4)

102.697 102.769 103.044 1.1 0.3 0.3

New cars (4)

154.427 154.432 154.821 0.9 0.3 0.3

Used cars and trucks

143.903 145.404 147.315 0.0 2.4 1.3

Motor fuel

289.681 315.147 319.570 -2.5 10.3 1.4

Gasoline (all types)

287.789 313.606 318.120 -2.6 10.5 1.4

Unleaded regular (4)

286.112 312.371 316.674 -3.0 10.7 1.4

Unleaded midgrade (4) (5)

301.369 326.842 331.809 -1.9 10.1 1.5

Unleaded premium (4)

286.658 310.664 315.681 -1.2 10.1 1.6

Medical care

401.735 403.883 405.009 3.3 0.8 0.3

Medical care commodities

318.339 317.202 319.258 1.5 0.3 0.6

Medical care services

430.196 433.759 434.447 3.9 1.0 0.2

Professional services

345.363 346.717 347.541 2.7 0.6 0.2

Recreation (3)

114.757 115.116 115.325 0.5 0.5 0.2

Education and communication (3)

131.666 132.120 132.256 1.9 0.4 0.1

Other goods and services

388.625 390.774 392.645 2.3 1.0 0.5

Commodity and service group

All Items

223.933 225.874 226.628 1.5 1.2 0.3

Commodities

187.395 190.462 191.440 0.1 2.2 0.5

Commodities less food and beverages

163.543 167.599 168.965 -0.7 3.3 0.8

Nondurables less food and beverages

215.765 223.729 226.418 -0.7 4.9 1.2

Nondurables less food, beverages, and apparel

266.656 278.031 280.618 -1.1 5.2 0.9

Durables

114.660 114.982 115.084 -0.8 0.4 0.1

Services

261.359 262.252 262.804 2.4 0.6 0.2

Rent of shelter (2)

240.150 240.759 241.211 2.3 0.4 0.2

Transportation services

291.847 292.419 293.182 3.2 0.5 0.3

Other services

315.298 316.799 317.385 2.5 0.7 0.2

Special aggregate indexes

All items less medical care

213.947 215.859 216.590 1.3 1.2 0.3

All items less food

221.914 224.079 224.962 1.5 1.4 0.4

All items less shelter

221.452 223.948 224.843 1.1 1.5 0.4

Commodities less food

165.368 169.348 170.704 -0.7 3.2 0.8

Nondurables

225.164 229.726 231.181 0.4 2.7 0.6

Nondurables less food

215.696 223.284 225.876 -0.6 4.7 1.2

Nondurables less food and apparel

261.266 271.745 274.178 -1.0 4.9 0.9

Services less rent of shelter (2)

296.228 297.510 298.206 2.6 0.7 0.2

Services less medical care services

246.165 246.882 247.415 2.3 0.5 0.2

Energy

224.917 236.586 238.958 -1.8 6.2 1.0

All items less energy

224.511 225.302 225.867 1.9 0.6 0.3

All items less food and energy

222.953 223.800 224.480 2.0 0.7 0.3

Commodities less food and energy commodities

148.822 149.454 150.362 0.0 1.0 0.6

Energy commodities

293.703 319.032 323.372 -2.6 10.1 1.4

Services less energy services

270.189 271.172 271.698 2.7 0.6 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) 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: April 18, 2013

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