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Thursday, May 16, 2013

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Consumer Price Index, South Region – April 2013

Prices in the South down 0.2 percent over the month; up 0.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South edged down 0.2 percent in April, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner noted that energy prices declined 2.2 percent over the month. The index for all items less food and energy inched up 0.1 percent and food prices edged up 0.2 percent. Within the all items less food and energy group, price increases for items including shelter and new and used motor vehicles were largely offset by price decreases for categories such as education and communication, 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 0.9 percent. The index for all items less food and energy increased 1.8 percent over the year. (See chart 1.)

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

Food

Food prices edged up 0.2 percent in April as prices increased for food away from home (0.3 percent) and for food at home (0.1 percent).

Since April 2012, the index for food increased 1.5 percent as prices for both food away from home and food at home increased, up 2.5 and 0.8 percent, respectively.

Energy

The energy index declined 2.2 percent in April, led by a 4.6-percent drop in motor fuel prices. Prices for electricity and utility (piped) gas service advanced 1.3 and 3.4 percent, respectively.

Over the year, energy prices declined 5.8 percent. Price decreases for motor fuel (-9.6 percent) and electricity (-0.6 percent) were partially offset by an increase in utility (piped) gas service prices (8.2 percent).

All items less food and energy

The index for all items less food and energy inched up 0.1 percent in April. Among the components of the index recording price increases were shelter (0.1 percent) and new and used motor vehicles (0.7 percent). Partially moderating the overall increase, lower prices were registered for education and communication (-0.4 percent) and medical care (-0.2 percent).

Over the year, the index for all items less food and energy rose 1.8 percent, led by price increases for shelter (2.3 percent) and medical care (3.0 percent).

The May 2013 Consumer Price Index for the South region is scheduled to be released on Tuesday, June 18, 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 -0.2 0.9

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-
Feb.
2013
Mar.
2013
Apr.
2013
Apr.
2012
Feb.
2013
Mar.
2013

Expenditure category

All Items

225.874 226.628 226.202 0.9 0.1 -0.2

All items (December 1977=100)

366.398 367.623 366.930

Food and beverages

234.932 234.913 235.277 1.5 0.1 0.2

Food

236.042 235.970 236.337 1.5 0.1 0.2

Food at home

232.784 232.259 232.459 0.8 -0.1 0.1

Food away from home

243.532 244.163 244.797 2.5 0.5 0.3

Alcoholic beverages

218.714 219.511 219.808 1.2 0.5 0.1

Housing

209.213 209.535 210.058 1.8 0.4 0.2

Shelter

234.459 234.894 235.235 2.3 0.3 0.1

Rent of primary residence (1)

237.828 238.197 238.256 2.9 0.2 0.0

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

237.564 237.824 238.308 2.1 0.3 0.2

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

237.551 237.812 238.295 2.1 0.3 0.2

Fuels and utilities

215.511 216.385 218.899 1.2 1.6 1.2

Household energy

177.719 178.406 181.113 0.3 1.9 1.5

Energy services (1)

177.098 177.849 180.693 0.5 2.0 1.6

Electricity (1)

174.261 175.261 177.556 -0.6 1.9 1.3

Utility (piped) gas service (1)

180.899 179.964 186.154 8.2 2.9 3.4

Household furnishings and operations

126.268 125.749 125.455 -0.9 -0.6 -0.2

Apparel

134.698 137.679 137.729 0.3 2.3 0.0

Transportation

220.182 221.888 218.399 -2.7 -0.8 -1.6

Private transportation

218.690 220.293 216.646 -2.8 -0.9 -1.7

New and used motor vehicles (3)

101.271 101.911 102.592 0.9 1.3 0.7

New vehicles

150.955 151.354 151.689 1.4 0.5 0.2

New cars and trucks (3) (4)

102.769 103.044 103.257 1.5 0.5 0.2

New cars (4)

154.432 154.821 155.165 1.2 0.5 0.2

Used cars and trucks

145.404 147.315 148.577 -0.7 2.2 0.9

Motor fuel

315.147 319.570 304.730 -9.6 -3.3 -4.6

Gasoline (all types)

313.606 318.120 303.217 -9.7 -3.3 -4.7

Unleaded regular (4)

312.371 316.674 301.403 -10.3 -3.5 -4.8

Unleaded midgrade (4) (5)

326.842 331.809 317.274 -8.8 -2.9 -4.4

Unleaded premium (4)

310.664 315.681 302.215 -7.9 -2.7 -4.3

Medical care

403.883 405.009 404.398 3.0 0.1 -0.2

Medical care commodities

317.202 319.258 321.623 2.0 1.4 0.7

Medical care services

433.759 434.447 432.526 3.3 -0.3 -0.4

Professional services

346.717 347.541 348.641 2.8 0.6 0.3

Recreation (3)

115.116 115.325 115.342 0.5 0.2 0.0

Education and communication (3)

132.120 132.256 131.788 1.4 -0.3 -0.4

Other goods and services

390.774 392.645 393.230 2.0 0.6 0.1

Commodity and service group

All Items

225.874 226.628 226.202 0.9 0.1 -0.2

Commodities

190.462 191.440 190.210 -1.2 -0.1 -0.6

Commodities less food and beverages

167.599 168.965 167.107 -2.6 -0.3 -1.1

Nondurables less food and beverages

223.729 226.418 222.471 -3.6 -0.6 -1.7

Nondurables less food, beverages, and apparel

278.031 280.618 274.365 -4.6 -1.3 -2.2

Durables

114.982 115.084 115.224 -0.8 0.2 0.1

Services

262.252 262.804 263.135 2.3 0.3 0.1

Rent of shelter (2)

240.759 241.211 241.558 2.2 0.3 0.1

Transportation services

292.419 293.182 293.609 2.9 0.4 0.1

Other services

316.799 317.385 317.008 2.1 0.1 -0.1

Special aggregate indexes

All items less medical care

215.859 216.590 216.175 0.7 0.1 -0.2

All items less food

224.079 224.962 224.412 0.8 0.1 -0.2

All items less shelter

223.948 224.843 224.091 0.2 0.1 -0.3

Commodities less food

169.348 170.704 168.895 -2.5 -0.3 -1.1

Nondurables

229.726 231.181 229.200 -1.3 -0.2 -0.9

Nondurables less food

223.284 225.876 222.145 -3.4 -0.5 -1.7

Nondurables less food and apparel

271.745 274.178 268.466 -4.3 -1.2 -2.1

Services less rent of shelter (2)

297.510 298.206 298.528 2.4 0.3 0.1

Services less medical care services

246.882 247.415 247.873 2.2 0.4 0.2

Energy

236.586 238.958 233.628 -5.8 -1.3 -2.2

All items less energy

225.302 225.867 226.021 1.7 0.3 0.1

All items less food and energy

223.800 224.480 224.596 1.8 0.4 0.1

Commodities less food and energy commodities

149.454 150.362 150.604 0.0 0.8 0.2

Energy commodities

319.032 323.372 308.582 -9.5 -3.3 -4.6

Services less energy services

271.172 271.698 271.731 2.4 0.2 0.0

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 16, 2013

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