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Thursday, May 15, 2014

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Consumer Price Index, South Region – April 2014

Prices in the South up 0.5 percent over the month and 2.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South rose 0.5 percent in April, the U.S. Bureau of Labor Statistics reported today. Sheila Watkins, the Bureau’s regional commissioner, noted that the energy index increased 3.0 percent over the month, primarily due to higher motor fuel prices. The all items less food and energy index edged up 0.2 percent and the food index increased 0.6 percent in April. (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 rose 2.3 percent. The index for all items less food and energy advanced 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, April 2011 to April 2014 (not seasonally adjusted)

Food

The food index advanced 0.6 percent in April. Prices for food at home rose 0.7 percent and food away from home prices increased 0.4 percent over the month.

Since April 2013, the index for food advanced 2.3 percent. Prices for food at home and food away from home increased 2.4 and 2.2 percent, respectively.

Energy

The energy index rose 3.0 percent over the month, led by a 5.2-percent increase in prices for motor fuel. Prices for electricity edged up 0.3 percent, while utility (piped) gas service prices declined 0.9 percent.

Over the year, energy prices increased 4.5 percent, as price increases were recorded for motor fuel (3.5 percent), electricity (5.5 percent), and utility (piped) gas service (7.3 percent).

All items less food and energy

The index for all items less food and energy edged up 0.2 percent in April as increases were recorded for shelter (0.1 percent) and new and used motor vehicles (0.5 percent).

Since April 2013, the index for all items less food and energy advanced 2.0 percent, led by a 2.9-percent increase in shelter prices.

The May 2014 Consumer Price Index for the South region is scheduled to be released on June 17, 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 2009 2010 2011 2012 2013 2014
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

0.4 -0.1 0.3 2.8 0.5 1.7 0.5 3.2 0.4 1.6 0.3 1.7

February

0.5 0.1 0.0 2.3 0.5 2.2 0.6 3.3 0.9 1.8 0.4 1.2

March

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

April

0.3 -0.7 0.1 2.4 0.7 3.4 0.4 2.5 -0.2 0.9 0.5 2.3

May

0.3 -1.3 0.0 2.0 0.5 4.0 -0.4 1.6 0.0 1.3

June

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

July

-0.3 -2.1 -0.1 1.0 0.2 4.1 -0.2 1.4 0.2 2.2

August

0.1 -1.6 0.2 1.1 0.4 4.3 0.6 1.6 0.1 1.7

September

0.0 -1.8 0.2 1.4 0.0 4.1 0.5 2.1 0.0 1.3

October

0.2 -0.4 0.1 1.3 -0.2 3.7 -0.2 2.1 -0.2 1.3

November

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

December

-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-
Feb.
2014
Mar.
2014
Apr.
2014
Apr.
2013
Feb.
2014
Mar.
2014

Expenditure category

All Items

228.664 230.095 231.346 2.3 1.2 0.5

All items (December 1977=100)

370.924 373.246 375.276

Food and beverages

238.658 239.262 240.533 2.2 0.8 0.5

Food

239.782 240.411 241.767 2.3 0.8 0.6

Food at home

235.789 236.390 237.963 2.4 0.9 0.7

Food away from home

248.541 249.220 250.272 2.2 0.7 0.4

Alcoholic beverages

222.320 222.572 222.661 1.3 0.2 0.0

Housing

214.432 215.521 215.758 2.7 0.6 0.1

Shelter

240.535 241.857 242.111 2.9 0.7 0.1

Rent of primary residence (1)

244.517 245.735 246.444 3.4 0.8 0.3

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

243.234 244.178 244.612 2.6 0.6 0.2

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

243.229 244.176 244.614 2.7 0.6 0.2

Fuels and utilities

228.093 229.795 230.057 5.1 0.9 0.1

Household energy

189.928 191.535 191.602 5.8 0.9 0.0

Gas (piped) and electricity (1)

188.762 190.748 191.036 5.7 1.2 0.2

Electricity (1)

185.496 186.642 187.261 5.5 1.0 0.3

Utility (piped) gas service (1)

194.378 201.662 199.776 7.3 2.8 -0.9

Household furnishings and operations

123.037 122.918 123.093 -1.9 0.0 0.1

Apparel

135.088 138.826 139.132 1.0 3.0 0.2

Transportation

215.429 218.688 223.388 2.3 3.7 2.1

Private transportation

213.840 216.971 221.638 2.3 3.6 2.2

New and used motor vehicles (3)

102.750 103.168 103.692 1.1 0.9 0.5

New vehicles

152.704 152.613 153.183 1.0 0.3 0.4

New cars and trucks (3) (4)

103.932 103.868 104.268 1.0 0.3 0.4

New cars (3)

155.052 155.000 155.293 0.1 0.2 0.2

Used cars and trucks

146.654 147.868 149.241 0.4 1.8 0.9

Motor fuel

289.049 300.000 315.540 3.5 9.2 5.2

Gasoline (all types)

287.261 298.280 314.020 3.6 9.3 5.3

Unleaded regular (4)

284.904 296.137 312.127 3.6 9.6 5.4

Unleaded midgrade (4) (5)

301.284 312.177 327.915 3.4 8.8 5.0

Unleaded premium (4)

289.706 299.546 313.936 3.9 8.4 4.8

Medical Care

413.850 413.797 414.646 2.5 0.2 0.2

Medical care commodities

325.572 326.662 328.615 2.2 0.9 0.6

Medical care services

444.208 443.661 444.014 2.7 0.0 0.1

Professional services

350.132 350.522 351.215 0.7 0.3 0.2

Recreation (3)

115.936 116.324 116.523 1.0 0.5 0.2

Education and communication (3)

134.031 133.835 133.962 1.6 -0.1 0.1

Other goods and services

396.868 397.969 397.844 1.2 0.2 0.0

Commodity and Service Group

All Items

228.664 230.095 231.346 2.3 1.2 0.5

Commodities

188.780 190.397 192.463 1.2 2.0 1.1

Commodities less food & beverages

163.731 165.710 168.037 0.6 2.6 1.4

Nondurables less food & beverages

217.287 221.517 226.169 1.7 4.1 2.1

Nondurables less food, beverages, and apparel

267.693 272.277 279.473 1.9 4.4 2.6

Durables

113.563 113.601 113.915 -1.1 0.3 0.3

Services

269.334 270.599 271.077 3.0 0.6 0.2

Rent of shelter (2)

246.875 248.151 248.426 2.8 0.6 0.1

Transportation services

298.646 300.571 302.911 3.2 1.4 0.8

Other services

323.487 324.333 324.482 2.4 0.3 0.0

Special aggregate indexes:

All items less medical care

218.312 219.791 221.047 2.3 1.3 0.6

All items less food

226.719 228.271 229.505 2.3 1.2 0.5

All items less shelter

225.384 226.870 228.543 2.0 1.4 0.7

Commodities less food

165.659 167.597 169.871 0.6 2.5 1.4

Nondurables

227.940 230.498 233.593 1.9 2.5 1.3

Nondurables less food

217.354 221.360 225.755 1.6 3.9 2.0

Nondurables less food and apparel

262.530 266.725 273.285 1.8 4.1 2.5

Services less rent of shelter (2)

306.035 307.324 308.073 3.2 0.7 0.2

Services less medical care services

253.620 254.970 255.446 3.1 0.7 0.2

Energy

231.123 236.942 244.036 4.5 5.6 3.0

All items less energy

229.105 230.048 230.648 2.0 0.7 0.3

All items less food and energy

227.623 228.623 229.092 2.0 0.6 0.2

Commodities less food and energy commodities

149.161 149.874 150.290 -0.2 0.8 0.3

Energy commodities

294.109 304.640 319.890 3.7 8.8 5.0

Services less energy services

277.702 278.881 279.379 2.8 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.

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: May 16, 2014

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