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Thursday, January 16, 2014

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Consumer Price Index, South Region – December 2013

Prices in the South up 0.1 percent over the month and 1.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South inched up 0.1 percent in December, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau's regional commissioner, noted that the energy and food indexes each advanced over the month, up 0.8 and 0.1 percent, respectively. The all items less food and energy group remained unchanged over the month. Within the all items less food and energy group, higher prices for shelter and other goods and services were largely offset by price declines for apparel, medical care commodities, and recreation. (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 1.8 percent. The index for all items less food and energy increased 1.9 percent over the year. (See chart 1.)

Chart 1. 12-month percent change in CPI for All Urban Consumers (CPI-U), South region, December 2010 to December 2013 (not seasonally adjusted)

Food

The food index inched up 0.1 percent in December reflecting an identical increase in prices for food away from home. Prices for food at home were unchanged over the month.

Since December 2012, the index for food increased 1.4 percent. Prices for food away from home and food at home increased 2.2 and 0.8 percent, respectively.

Energy

The energy index advanced 0.8 percent over the month, led by a 1.5-percent increase in motor fuel prices. Over the month, prices for electricity and utility (piped) gas service each declined 0.3 percent.

Over the year, energy prices increased 1.6 percent. Price increases were recorded for electricity (2.5 percent), motor fuel (1.2 percent), and utility (piped) gas service (0.2 percent).

All items less food and energy

The index for all items less food and energy was unchanged in December. Among the components of the index recording price increases were shelter and other goods and services, up 0.3 and 0.4 percent, respectively. These increases were largely offset by a seasonal decline in apparel (-0.8 percent), and lower prices for medical care commodities (-1.2 percent) and recreation (-0.3 percent).

Over the year, the index for all items less food and energy advanced 1.9 percent, led by price increases for shelter (2.4 percent) and medical care (2.1 percent).

The January 2014 Consumer Price Index for the Northeast region is scheduled to be released on February 20, 2014, 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 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 0.0 1.3

October

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

November

-2.2 1.0 0.2 2.0 0.0 1.1 0.0 3.8 -0.5 1.6 -0.3 1.5

December

-1.0 0.0 -0.1 2.9 0.2 1.4 -0.2 3.3 -0.1 1.7 0.1 1.8

Technical Note

The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed market basket of goods and services. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 percent of the total population. The CPI-U includes, in addition to wage earners and clerical workers, 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 CPI is 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. Each month, prices are collected 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.

The index measures price changes from a designated reference date (1982-84) that equals 100.0. An increase of 16.5 percent, for example, is shown as 116.5. 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. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, available on the Internet at www.bls.gov/opub/hom/homch17_a.htm.

In calculating the index, price changes for the various items in each location are averaged together with weights that represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. Because the sample size of a local area is smaller, the local area index is subject to substantially more sampling and other measurement error than the national index. In addition, local indexes are not adjusted for seasonal influences. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. NOTE: Area indexes do not measure differences in the level of prices between cities; they only measure the average change in prices for each area since the base period.

The Northeast region is comprised of Connecticut, Maine, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, and Vermont.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339.

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-
Oct.
2013
Nov.
2013
Dec.
2013
Dec.
2012
Oct.
2013
Nov.
2013

Expenditure category

All Items

227.420 226.811 227.082 1.8 -0.1 0.1

All items (December 1977=100)

368.907 367.919 368.358

Food and beverages

237.412 236.783 236.944 1.4 -0.2 0.1

Food

238.514 237.876 238.001 1.4 -0.2 0.1

Food at home

234.516 232.985 233.001 0.8 -0.6 0.0

Food away from home

247.182 247.931 248.227 2.2 0.4 0.1

Alcoholic beverages

221.341 220.837 221.538 2.2 0.1 0.3

Housing

212.140 211.954 212.340 1.9 0.1 0.2

Shelter

237.445 237.953 238.671 2.4 0.5 0.3

Rent of primary residence (1)

241.940 242.429 243.434 2.9 0.6 0.4

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

240.705 241.311 242.071 2.3 0.6 0.3

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

240.689 241.297 242.058 2.3 0.6 0.3

Fuels and utilities

224.756 222.244 221.873 2.4 -1.3 -0.2

Household energy

186.373 183.689 183.340 2.3 -1.6 -0.2

Gas (piped) and electricity (1)

185.936 183.138 182.631 2.2 -1.8 -0.3

Electricity (1)

183.913 180.505 180.010 2.5 -2.1 -0.3

Utility (piped) gas service (1)

183.689 185.105 184.567 0.2 0.5 -0.3

Household furnishings and operations

124.275 123.207 122.936 -2.3 -1.1 -0.2

Apparel

140.129 138.872 137.721 2.0 -1.7 -0.8

Transportation

215.312 213.674 214.637 1.9 -0.3 0.5

Private transportation

213.467 211.605 212.832 1.9 -0.3 0.6

New and used motor vehicles (3)

102.917 102.457 102.361 1.7 -0.5 -0.1

New vehicles

152.142 151.784 151.561 0.9 -0.4 -0.1

New cars and trucks (3) (4)

103.541 103.301 103.148 0.9 -0.4 -0.1

New cars (3)

154.331 153.709 153.768 0.0 -0.4 0.0

Used cars and trucks

149.143 147.628 147.176 2.3 -1.3 -0.3

Motor fuel

288.002 281.023 285.173 1.2 -1.0 1.5

Gasoline (all types)

286.280 279.163 283.374 1.3 -1.0 1.5

Unleaded regular (4)

283.895 276.681 280.932 1.0 -1.0 1.5

Unleaded midgrade (4) (5)

300.903 293.391 297.828 1.6 -1.0 1.5

Unleaded premium (4)

288.153 282.237 285.993 2.5 -0.7 1.3

Medical Care

409.169 407.736 407.168 2.1 -0.5 -0.1

Medical care commodities

325.765 325.451 321.532 1.7 -1.3 -1.2

Medical care services

437.474 435.574 436.509 2.2 -0.2 0.2

Professional services

349.314 349.455 350.372 2.0 0.3 0.3

Recreation (3)

115.664 115.614 115.308 0.8 -0.3 -0.3

Education and communication (3)

133.484 133.517 133.480 1.8 0.0 0.0

Other goods and services

393.762 393.918 395.546 1.9 0.5 0.4

Commodity and Service Group

All Items

227.420 226.811 227.082 1.8 -0.1 0.1

Commodities

189.226 187.855 187.962 0.8 -0.7 0.1

Commodities less food & beverages

164.856 163.212 163.294 0.4 -0.9 0.1

Nondurables less food & beverages

218.779 216.130 216.703 1.2 -0.9 0.3

Nondurables less food, beverages, and apparel

267.212 263.734 265.276 0.9 -0.7 0.6

Durables

114.344 113.653 113.263 -1.1 -0.9 -0.3

Services

266.462 266.570 266.999 2.5 0.2 0.2

Rent of shelter (2)

243.788 244.299 245.019 2.4 0.5 0.3

Transportation services

298.363 300.578 300.534 3.4 0.7 0.0

Other services

321.193 321.387 321.381 2.4 0.1 0.0

Special aggregate indexes:

All items less medical care

217.229 216.661 216.965 1.8 -0.1 0.1

All items less food

225.480 224.876 225.169 1.8 -0.1 0.1

All items less shelter

224.903 223.822 223.907 1.5 -0.4 0.0

Commodities less food

166.734 165.114 165.212 0.4 -0.9 0.1

Nondurables

228.173 226.443 226.829 1.3 -0.6 0.2

Nondurables less food

218.719 216.180 216.759 1.2 -0.9 0.3

Nondurables less food and apparel

262.023 258.795 260.263 1.0 -0.7 0.6

Services less rent of shelter (2)

303.352 302.949 303.021 2.6 -0.1 0.0

Services less medical care services

251.038 251.262 251.653 2.5 0.2 0.2

Energy

228.778 224.196 225.900 1.6 -1.3 0.8

All items less energy

227.964 227.825 227.926 1.8 0.0 0.0

All items less food and energy

226.501 226.450 226.548 1.9 0.0 0.0

Commodities less food and energy commodities

150.689 149.878 149.304 0.2 -0.9 -0.4

Energy commodities

292.171 285.288 289.570 1.3 -0.9 1.5

Services less energy services

274.817 275.267 275.805 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: January 17, 2014