Mid-Atlantic Information Office

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13-1929-PHI

Tuesday, September 17, 2013

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Consumer Price Index, South Region – August 2013

Prices in the South up 0.1 percent over the month and 1.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South inched up 0.1 percent in August, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that food prices advanced 0.5 percent, while energy prices declined 0.5 percent. The all items less food and energy index inched up 0.1 percent over the month. Within the all items less food and energy group, the indexes for medical care, education and communication, and apparel were among those that recorded increases. (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 all items CPI-U advanced 1.7 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, August 2010 - August 2013

Food

Food prices rose 0.5 percent in August as prices increased for both food at home (0.7 percent) and food away from home (0.3 percent).

Since August 2012, the index for food rose 2.0 percent. Prices for food at home and food away from home increased, up 1.7 and 2.3 percent, respectively.

Energy

The energy index declined 0.5 percent in August, reflecting price declines for motor fuel (-0.4 percent), utility (piped) gas service (-3.4 percent), and electricity (-0.2 percent).

Over the year, energy prices were unchanged, as price increases for electricity (3.1 percent) and utility (piped) gas service (4.7 percent) were offset by a price decline for motor fuel (-2.3 percent).

All items less food and energy

The index for all items less food and energy inched up 0.1 percent in August. Medical care (0.6 percent), education and communication (0.7 percent), and apparel (1.0 percent) were among the components that recorded increases over the month. Lower prices for new vehicles (-0.6 percent) helped moderate the overall advance.

Over the year, the index for all items less food and energy rose 2.0 percent, led by price increases for shelter (2.4 percent) and medical care (2.7 percent).

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

0.2 2.2

August

-0.4 5.6 0.1 -1.6 0.2 1.1 0.4 4.3 0.6 1.6 0.1 1.7

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

The September 2013 Consumer Price Index for the South region is scheduled to be released on Wednesday, October 16, 2013 at 8:30 a.m. (ET).

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-
Jun.
2013
Jul.
2013
Aug.
2013
Aug.
2012
Jun.
2013
Jul.
2013

Expenditure category

All Items

227.148 227.548 227.837 1.7 0.3 0.1

All items (December 1977=100)

368.466 369.114 369.584 - - -

Food and beverages

235.514 235.898 237.032 2.0 0.6 0.5

Food

236.592 236.915 238.078 2.0 0.6 0.5

Food at home

232.380 232.517 234.032 1.7 0.7 0.7

Food away from home

245.573 246.191 246.816 2.3 0.5 0.3

Alcoholic beverages

219.783 221.081 221.781 3.1 0.9 0.3

Housing

212.518 212.805 212.802 2.2 0.1 0.0

Shelter

236.154 236.532 236.776 2.4 0.3 0.1

Rent of primary residence (1)

239.509 240.079 240.978 3.5 0.6 0.4

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

239.124 239.458 240.020 2.2 0.4 0.2

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

239.108 239.440 240.005 2.2 0.4 0.2

Fuels and utilities

232.150 232.809 232.036 3.3 0.0 -0.3

Household energy

195.108 195.627 194.622 3.2 -0.2 -0.5

Gas (piped) and electricity (1)

195.130 195.693 194.570 3.3 -0.3 -0.6

Electricity (1)

193.121 194.274 193.965 3.1 0.4 -0.2

Utility (piped) gas service (1)

192.031 188.700 182.358 4.7 -5.0 -3.4

Household furnishings and operations

125.637 125.306 124.951 -1.0 -0.5 -0.3

Apparel

135.722 133.613 134.981 3.3 -0.5 1.0

Transportation

218.099 219.921 219.008 0.2 0.4 -0.4

Private transportation

216.188 218.340 217.560 0.2 0.6 -0.4

New and used motor vehicles (3)

103.305 103.385 103.172 1.0 -0.1 -0.2

New vehicles

152.924 152.499 151.512 1.7 -0.9 -0.6

New cars and trucks (3) (4)

104.078 103.782 103.126 1.7 -0.9 -0.6

New cars (3)

155.326 154.763 154.055 1.0 -0.8 -0.5

Used cars and trucks

150.159 151.030 151.720 -0.9 1.0 0.5

Motor fuel

301.856 306.221 304.881 -2.3 1.0 -0.4

Gasoline (all types)

300.665 305.117 303.638 -2.3 1.0 -0.5

Unleaded regular (4)

298.607 303.292 301.631 -2.6 1.0 -0.5

Unleaded midgrade (4) (5)

315.108 319.008 318.050 -1.7 0.9 -0.3

Unleaded premium (4)

300.915 304.676 303.679 -1.1 0.9 -0.3

Medical Care

404.429 404.715 407.328 2.7 0.7 0.6

Medical care commodities

320.601 320.500 322.993 2.3 0.7 0.8

Medical care services

433.024 433.476 436.087 2.9 0.7 0.6

Professional services

348.630 348.751 348.565 1.0 0.0 -0.1

Recreation (3)

115.585 115.542 115.523 0.7 -0.1 0.0

Education and communication (3)

131.750 131.753 132.616 1.6 0.7 0.7

Other goods and services

392.759 392.780 393.486 2.0 0.2 0.2

Commodity and Service Group

All Items

227.148 227.548 227.837 1.7 0.3 0.1

Commodities

189.821 190.005 190.279 0.6 0.2 0.1

Commodities less food & beverages

166.468 166.565 166.477 -0.2 0.0 -0.1

Nondurables less food & beverages

220.670 221.087 221.395 0.2 0.3 0.1

Nondurables less food, beverages, and apparel

272.640 274.468 274.194 -0.7 0.6 -0.1

Durables

115.701 115.489 115.020 -1.0 -0.6 -0.4

Services

265.363 265.972 266.280 2.6 0.3 0.1

Rent of shelter (2)

242.460 242.853 243.104 2.3 0.3 0.1

Transportation services

293.240 296.131 294.600 2.9 0.5 -0.5

Other services

317.823 318.054 319.483 2.3 0.5 0.4

Special aggregate indexes:

All items less medical care

217.151 217.551 217.738 1.7 0.3 0.1

All items less food

225.466 225.877 226.030 1.7 0.3 0.1

All items less shelter

225.056 225.468 225.779 1.5 0.3 0.1

Commodities less food

168.270 168.397 168.329 -0.1 0.0 0.0

Nondurables

228.329 228.733 229.422 1.0 0.5 0.3

Nondurables less food

220.435 220.897 221.224 0.3 0.4 0.1

Nondurables less food and apparel

266.882 268.658 268.461 -0.4 0.6 -0.1

Services less rent of shelter (2)

302.511 303.414 303.804 2.8 0.4 0.1

Services less medical care services

250.159 250.766 250.931 2.5 0.3 0.1

Energy

239.662 241.920 240.783 0.0 0.5 -0.5

All items less energy

226.367 226.547 227.007 2.0 0.3 0.2

All items less food and energy

224.958 225.113 225.448 2.0 0.2 0.1

Commodities less food and energy commodities

150.330 149.787 149.905 0.6 -0.3 0.1

Energy commodities

305.685 309.982 308.752 -2.2 1.0 -0.4

Services less energy services

272.508 273.120 273.596 2.5 0.4 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.

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.
- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

Last Modified Date: September 18, 2013