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13-1458-PHI

Tuesday, July 16, 2013

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Consumer Price Index, South Region – June 2013

Prices in the South up 0.4 percent over the month and 1.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South was up 0.4 percent in June, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the index for energy advanced 2.5 percent over the month while food prices were unchanged. The all items less food and energy index inched up 0.1 percent. Within the all items less food and energy group, a price increase was noted for shelter. (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 1.9 percent. The index for all items less food and energy increased 1.7 percent over the year. (See chart 1.)

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

Food

Food prices were unchanged in June. Prices for food away from home inched up 0.1 percent over the month, while prices for food at home were unchanged.

Since June 2012, the index for food rose 1.5 percent as prices for both food away from home and food at home increased 2.2 and 1.1 percent, respectively.

Energy

The energy index advanced 2.5 percent in June, led by a price increase for electricity (6.7 percent). Motor fuel prices edged up 0.2 percent over the month and utility (piped) gas service prices increased 1.1 percent.

Over the year, energy prices increased 3.2 percent. The indexes for motor fuel and utility (piped) gas service advanced 3.9 and 15.3 percent, respectively. Prices for electricity rose 0.7 percent since June 2012.

All items less food and energy

The index for all items less food and energy inched up 0.1 percent in June. The shelter index rose 0.2 percent over the month.

Over the year, the index for all items less food and energy rose 1.7 percent, led by a price increase for shelter (2.5 percent).

The July 2013 Consumer Price Index for the South region is scheduled to be released on Thursday, August 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 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 0.0 1.3

June

1.1 5.3 1.0 -1.4 -0.1 0.9 -0.2 3.8 -0.2 1.7 0.4 1.9

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-
Apr.
2013
May
2013
Jun.
2013
Jun.
2012
Apr.
2013
May
2013

Expenditure category

All Items

226.202 226.289 227.148 1.9 0.4 0.4

All items (December 1977=100)

366.930 367.073 368.466

Food and beverages

235.277 235.453 235.514 1.5 0.1 0.0

Food

236.337 236.499 236.592 1.5 0.1 0.0

Food at home

232.459 232.426 232.380 1.1 0.0 0.0

Food away from home

244.797 245.265 245.573 2.2 0.3 0.1

Alcoholic beverages

219.808 220.204 219.783 1.3 0.0 -0.2

Housing

210.058 210.734 212.518 2.2 1.2 0.8

Shelter

235.235 235.613 236.154 2.5 0.4 0.2

Rent of primary residence (1)

238.256 238.833 239.509 3.3 0.5 0.3

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

238.308 238.648 239.124 2.3 0.3 0.2

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

238.295 238.633 239.108 2.3 0.3 0.2

Fuels and utilities

218.899 222.102 232.150 2.7 6.1 4.5

Household energy

181.113 184.467 195.108 2.3 7.7 5.8

Energy services (1)

180.693 184.202 195.130 2.4 8.0 5.9

Electricity (1)

177.556 180.980 193.121 0.7 8.8 6.7

Utility (piped) gas service (1)

186.154 189.927 192.031 15.3 3.2 1.1

Household furnishings and operations

125.455 125.366 125.637 -0.7 0.1 0.2

Apparel

137.729 136.843 135.722 0.7 -1.5 -0.8

Transportation

218.399 217.587 218.099 2.4 -0.1 0.2

Private transportation

216.646 215.635 216.188 2.4 -0.2 0.3

New and used motor vehicles (3)

102.592 102.712 103.305 0.8 0.7 0.6

New vehicles

151.689 151.747 152.924 2.1 0.8 0.8

New cars and trucks (3) (4)

103.257 103.294 104.078 2.1 0.8 0.8

New cars (4)

155.165 155.156 155.326 1.2 0.1 0.1

Used cars and trucks

148.577 149.455 150.159 -2.2 1.1 0.5

Motor fuel

304.730 301.145 301.856 3.9 -0.9 0.2

Gasoline (all types)

303.217 299.815 300.665 4.0 -0.8 0.3

Unleaded regular (4)

301.403 298.004 298.607 3.7 -0.9 0.2

Unleaded midgrade (4) (5)

317.274 313.347 315.108 4.5 -0.7 0.6

Unleaded premium (4)

302.215 299.608 300.915 5.1 -0.4 0.4

Medical care

404.398 402.929 404.429 1.8 0.0 0.4

Medical care commodities

321.623 319.923 320.601 1.8 -0.3 0.2

Medical care services

432.526 431.192 433.024 1.8 0.1 0.4

Professional services

348.641 348.249 348.630 1.4 0.0 0.1

Recreation (3)

115.342 115.652 115.585 0.4 0.2 -0.1

Education and communication (3)

131.788 131.787 131.750 1.2 0.0 0.0

Other goods and services

393.230 393.078 392.759 1.9 -0.1 -0.1

Commodity and service group

All Items

226.202 226.289 227.148 1.9 0.4 0.4

Commodities

190.210 189.718 189.821 1.2 -0.2 0.1

Commodities less food and beverages

167.107 166.350 166.468 0.9 -0.4 0.1

Nondurables less food and beverages

222.471 220.893 220.670 1.9 -0.8 -0.1

Nondurables less food, beverages, and apparel

274.365 272.369 272.640 2.3 -0.6 0.1

Durables

115.224 115.252 115.701 -0.8 0.4 0.4

Services

263.135 263.776 265.363 2.3 0.8 0.6

Rent of shelter (2)

241.558 241.933 242.460 2.4 0.4 0.2

Transportation services

293.609 293.609 293.240 2.7 -0.1 -0.1

Other services

317.008 317.696 317.823 1.9 0.3 0.0

Special aggregate indexes

All items less medical care

216.175 216.328 217.151 1.9 0.5 0.4

All items less food

224.412 224.488 225.466 1.9 0.5 0.4

All items less shelter

224.091 224.058 225.056 1.6 0.4 0.4

Commodities less food

168.895 168.165 168.270 1.0 -0.4 0.1

Nondurables

229.200 228.423 228.329 1.7 -0.4 0.0

Nondurables less food

222.145 220.668 220.435 1.9 -0.8 -0.1

Nondurables less food and apparel

268.466 266.666 266.882 2.2 -0.6 0.1

Services less rent of shelter (2)

298.528 299.525 302.511 2.3 1.3 1.0

Services less medical care services

247.873 248.618 250.159 2.4 0.9 0.6

Energy

233.628 233.756 239.662 3.2 2.6 2.5

All items less energy

226.021 226.105 226.367 1.7 0.2 0.1

All items less food and energy

224.596 224.665 224.958 1.7 0.2 0.1

Commodities less food and energy commodities

150.604 150.323 150.330 0.0 -0.2 0.0

Energy commodities

308.582 304.958 305.685 3.8 -0.9 0.2

Services less energy services

271.731 272.030 272.508 2.3 0.3 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: July 16, 2013

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