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15-322-ATL Thursday, February 26, 2015

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Consumer Price Index, South Region – January 2015

Prices in the South down 0.7 percent in January and 0.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South declined 0.7 percent in January, the U.S. Bureau of Labor Statistics reported today. The energy index decreased 8.8 percent since December 2014. The all items less food and energy index inched up 0.1 percent in January, as price increases for shelter were largely offset by price decreases for apparel. The food index edged up 0.3 percent over the month. (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 declined 0.4 percent. The index for all items less food and energy advanced 1.6 percent over the year. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, South region, January 2012-January 2015

Food

The food index edged up 0.3 percent in January, as prices increased for both food at home (0.3 percent) and food away from home (0.2 percent).

Since January 2014, the food index advanced 3.0 percent, reflecting price increases for both food at home and food away from home, up 3.0 percent each.

Energy

The energy index declined 8.8 percent over the month, led by a price decrease for motor fuel (-17.0 percent). This was the largest over-the-month decrease in motor fuel prices since December 2008. Prices also decreased for both utility (piped) gas service (-1.8 percent) and electricity (-0.2 percent) in January.

Over the year, energy prices declined 19.9 percent, reflecting a 36.1-percent drop in motor fuel prices. Electricity prices rose 2.5 percent since January 2014, and prices for utility (piped) gas service inched down 0.1 percent.

All items less food and energy

The all items less food and energy index inched up 0.1 percent in January, as price increases for shelter (0.3 percent) were largely offset by an seasonal decrease in apparel prices (-2.8 percent).

Since January 2014, the all items less food and energy index advanced 1.6 percent, led by price increases for shelter (3.2 percent), medical care (1.8 percent), and other goods and services (1.9 percent).

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 1.7 0.5 3.2 0.4 1.6 0.3 1.7 -0.7 -0.4

February

0.5 2.2 0.6 3.3 0.9 1.8 0.4 1.2    

March

1.2 2.8 0.7 2.8 0.3 1.5 0.6 1.5    

April

0.7 3.4 0.4 2.5 -0.2 0.9 0.5 2.3    

May

0.5 4.0 -0.4 1.6 0.0 1.3 0.2 2.4    

June

-0.2 3.8 -0.2 1.7 0.4 1.9 0.2 2.3    

July

0.2 4.1 -0.2 1.4 0.2 2.2 -0.1 2.0    

August

0.4 4.3 0.6 1.6 0.1 1.7 -0.2 1.7    

September

0.0 4.1 0.5 2.1 0.0 1.3 0.1 1.7    

October

-0.2 3.7 -0.2 2.1 -0.2 1.3 -0.3 1.6    

November

0.0 3.8 -0.5 1.6 -0.3 1.5 -0.6 1.3    

December

-0.2 3.3 -0.1 1.7 0.1 1.8 -0.6 0.6    

The Consumer Price Index for February 2015 is scheduled to be released on Tuesday, March 24, 2015 at 8:30 a.m. (ET).


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 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 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.

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-
Nov.
2014
Dec.
2014
Jan.
2015
Jan.
2014
Nov.
2014
Dec.
2014

Expenditure category

 
 

All Items

229.845 228.451 226.855 -0.4 -1.3 -0.7

All items (December 1977=100)

372.840 370.578 367.990      

Food and beverages

243.889 244.250 244.810 2.8 0.4 0.2

Food

245.205 245.663 246.280 3.0 0.4 0.3

Food at home

240.939 241.044 241.728 3.0 0.3 0.3

Food away from home

254.433 255.417 255.943 3.0 0.6 0.2

Alcoholic beverages

224.885 223.922 223.687 0.4 -0.5 -0.1

Housing

217.990 218.569 218.993 2.7 0.5 0.2

Shelter

246.003 246.380 247.197 3.2 0.5 0.3

Rent of primary residence (1)

251.781 252.723 253.373 3.9 0.6 0.3

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

248.944 249.315 249.880 3.0 0.4 0.2

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

248.934 249.309 249.872 3.0 0.4 0.2

Fuels and utilities

228.352 231.030 230.105 2.3 0.8 -0.4

Household energy

187.777 190.676 189.693 1.7 1.0 -0.5

Energy services (1)

187.502 190.560 189.744 2.2 1.2 -0.4

Electricity (1)

185.032 188.123 187.707 2.5 1.4 -0.2

Utility (piped) gas service (1)

188.053 190.639 187.295 -0.1 -0.4 -1.8

Household furnishings and operations

122.278 122.128 122.116 -0.7 -0.1 0.0

Apparel

138.597 132.677 129.018 -4.1 -6.9 -2.8

Transportation

206.773 199.639 190.415 -11.2 -7.9 -4.6

Private transportation

204.697 197.594 188.164 -11.6 -8.1 -4.8

New and used motor vehicles (3)

102.443 102.071 101.987 -0.4 -0.4 -0.1

New vehicles

153.371 153.346 152.980 0.6 -0.3 -0.2

New cars and trucks (3) (4)

104.410 104.390 104.137 0.7 -0.3 -0.2

New cars (4)

155.148 154.711 153.920 -0.4 -0.8 -0.5

Used cars and trucks

143.143 141.243 141.051 -3.7 -1.5 -0.1

Motor fuel

247.707 220.729 183.151 -36.1 -26.1 -17.0

Gasoline (all types)

245.843 218.795 181.308 -36.4 -26.3 -17.1

Unleaded regular (4)

242.473 215.110 177.411 -37.2 -26.8 -17.5

Unleaded midgrade (4) (5)

262.525 236.285 198.410 -33.7 -24.4 -16.0

Unleaded premium (4)

254.811 230.519 195.944 -31.9 -23.1 -15.0

Medical care

416.704 417.474 417.671 1.8 0.2 0.0

Medical care commodities

332.818 334.991 333.341 3.3 0.2 -0.5

Medical care services

445.104 445.252 446.245 1.3 0.3 0.2

Professional services

354.405 354.606 354.700 1.0 0.1 0.0

Recreation (3)

115.626 115.502 115.948 0.3 0.3 0.4

Education and communication (3)

135.056 134.559 134.728 0.5 -0.2 0.1

Other goods and services

402.176 403.484 403.790 1.9 0.4 0.1
 

Commodity and service group

 
 

All Items

229.845 228.451 226.855 -0.4 -1.3 -0.7

Commodities

186.334 183.139 179.157 -4.8 -3.9 -2.2

Commodities less food and beverages

158.283 153.753 148.064 -9.2 -6.5 -3.7

Nondurables less food and beverages

207.305 197.983 186.119 -13.9 -10.2 -6.0

Nondurables less food, beverages, and apparel

249.889 238.475 221.753 -16.7 -11.3 -7.0

Durables

112.074 111.685 111.328 -1.7 -0.7 -0.3

Services

274.028 274.359 275.051 2.6 0.4 0.3

Rent of shelter (2)

252.409 252.770 253.579 3.2 0.5 0.3

Transportation services

306.485 305.249 305.810 2.6 -0.2 0.2

Other services

327.332 326.734 327.885 1.6 0.2 0.4
 

Special aggregate indexes

 
 

All items less medical care

219.409 217.937 216.281 -0.5 -1.4 -0.8

All items less food

227.250 225.575 223.642 -0.9 -1.6 -0.9

All items less shelter

224.799 222.662 220.056 -1.9 -2.1 -1.2

Commodities less food

160.410 155.964 150.406 -8.9 -6.2 -3.6

Nondurables

224.998 220.148 214.021 -5.8 -4.9 -2.8

Nondurables less food

208.074 199.223 188.013 -13.1 -9.6 -5.6

Nondurables less food and apparel

246.534 236.059 220.812 -15.5 -10.4 -6.5

Services less rent of shelter (2)

309.801 310.105 310.670 2.1 0.3 0.2

Services less medical care services

258.453 258.789 259.450 2.8 0.4 0.3

Energy

211.214 200.483 182.897 -19.9 -13.4 -8.8

All items less energy

232.656 232.305 232.499 1.8 -0.1 0.1

All items less food and energy

230.855 230.362 230.483 1.6 -0.2 0.1

Commodities less food and energy commodities

149.232 148.011 147.055 -1.2 -1.5 -0.6

Energy commodities

251.820 224.803 187.113 -35.8 -25.7 -16.8

Services less energy services

283.059 283.079 283.940 2.7 0.3 0.3

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: Thursday, February 26, 2015

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News Release Information

15-322-ATL Thursday, February 26, 2015

Contacts

Technical information:
Media contact:
  • (404) 893-4220

Consumer Price Index, South Region – January 2015

Prices in the South down 0.7 percent in January and 0.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for the South declined 0.7 percent in January, the U.S. Bureau of Labor Statistics reported today. The energy index decreased 8.8 percent since December 2014. The all items less food and energy index inched up 0.1 percent in January, as price increases for shelter were largely offset by price decreases for apparel. The food index edged up 0.3 percent over the month. (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 declined 0.4 percent. The index for all items less food and energy advanced 1.6 percent over the year. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, South region, January 2012-January 2015

Food

The food index edged up 0.3 percent in January, as prices increased for both food at home (0.3 percent) and food away from home (0.2 percent).

Since January 2014, the food index advanced 3.0 percent, reflecting price increases for both food at home and food away from home, up 3.0 percent each.

Energy

The energy index declined 8.8 percent over the month, led by a price decrease for motor fuel (-17.0 percent). This was the largest over-the-month decrease in motor fuel prices since December 2008. Prices also decreased for both utility (piped) gas service (-1.8 percent) and electricity (-0.2 percent) in January.

Over the year, energy prices declined 19.9 percent, reflecting a 36.1-percent drop in motor fuel prices. Electricity prices rose 2.5 percent since January 2014, and prices for utility (piped) gas service inched down 0.1 percent.

All items less food and energy

The all items less food and energy index inched up 0.1 percent in January, as price increases for shelter (0.3 percent) were largely offset by an seasonal decrease in apparel prices (-2.8 percent).

Since January 2014, the all items less food and energy index advanced 1.6 percent, led by price increases for shelter (3.2 percent), medical care (1.8 percent), and other goods and services (1.9 percent).

Table A. South region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 1.7 0.5 3.2 0.4 1.6 0.3 1.7 -0.7 -0.4

February

0.5 2.2 0.6 3.3 0.9 1.8 0.4 1.2    

March

1.2 2.8 0.7 2.8 0.3 1.5 0.6 1.5    

April

0.7 3.4 0.4 2.5 -0.2 0.9 0.5 2.3    

May

0.5 4.0 -0.4 1.6 0.0 1.3 0.2 2.4    

June

-0.2 3.8 -0.2 1.7 0.4 1.9 0.2 2.3    

July

0.2 4.1 -0.2 1.4 0.2 2.2 -0.1 2.0    

August

0.4 4.3 0.6 1.6 0.1 1.7 -0.2 1.7    

September

0.0 4.1 0.5 2.1 0.0 1.3 0.1 1.7    

October

-0.2 3.7 -0.2 2.1 -0.2 1.3 -0.3 1.6    

November

0.0 3.8 -0.5 1.6 -0.3 1.5 -0.6 1.3    

December

-0.2 3.3 -0.1 1.7 0.1 1.8 -0.6 0.6    

The Consumer Price Index for February 2015 is scheduled to be released on Tuesday, March 24, 2015 at 8:30 a.m. (ET).


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 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 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.

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-
Nov.
2014
Dec.
2014
Jan.
2015
Jan.
2014
Nov.
2014
Dec.
2014

Expenditure category

 
 

All Items

229.845 228.451 226.855 -0.4 -1.3 -0.7

All items (December 1977=100)

372.840 370.578 367.990      

Food and beverages

243.889 244.250 244.810 2.8 0.4 0.2

Food

245.205 245.663 246.280 3.0 0.4 0.3

Food at home

240.939 241.044 241.728 3.0 0.3 0.3

Food away from home

254.433 255.417 255.943 3.0 0.6 0.2

Alcoholic beverages

224.885 223.922 223.687 0.4 -0.5 -0.1

Housing

217.990 218.569 218.993 2.7 0.5 0.2

Shelter

246.003 246.380 247.197 3.2 0.5 0.3

Rent of primary residence (1)

251.781 252.723 253.373 3.9 0.6 0.3

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

248.944 249.315 249.880 3.0 0.4 0.2

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

248.934 249.309 249.872 3.0 0.4 0.2

Fuels and utilities

228.352 231.030 230.105 2.3 0.8 -0.4

Household energy

187.777 190.676 189.693 1.7 1.0 -0.5

Energy services (1)

187.502 190.560 189.744 2.2 1.2 -0.4

Electricity (1)

185.032 188.123 187.707 2.5 1.4 -0.2

Utility (piped) gas service (1)

188.053 190.639 187.295 -0.1 -0.4 -1.8

Household furnishings and operations

122.278 122.128 122.116 -0.7 -0.1 0.0

Apparel

138.597 132.677 129.018 -4.1 -6.9 -2.8

Transportation

206.773 199.639 190.415 -11.2 -7.9 -4.6

Private transportation

204.697 197.594 188.164 -11.6 -8.1 -4.8

New and used motor vehicles (3)

102.443 102.071 101.987 -0.4 -0.4 -0.1

New vehicles

153.371 153.346 152.980 0.6 -0.3 -0.2

New cars and trucks (3) (4)

104.410 104.390 104.137 0.7 -0.3 -0.2

New cars (4)

155.148 154.711 153.920 -0.4 -0.8 -0.5

Used cars and trucks

143.143 141.243 141.051 -3.7 -1.5 -0.1

Motor fuel

247.707 220.729 183.151 -36.1 -26.1 -17.0

Gasoline (all types)

245.843 218.795 181.308 -36.4 -26.3 -17.1

Unleaded regular (4)

242.473 215.110 177.411 -37.2 -26.8 -17.5

Unleaded midgrade (4) (5)

262.525 236.285 198.410 -33.7 -24.4 -16.0

Unleaded premium (4)

254.811 230.519 195.944 -31.9 -23.1 -15.0

Medical care

416.704 417.474 417.671 1.8 0.2 0.0

Medical care commodities

332.818 334.991 333.341 3.3 0.2 -0.5

Medical care services

445.104 445.252 446.245 1.3 0.3 0.2

Professional services

354.405 354.606 354.700 1.0 0.1 0.0

Recreation (3)

115.626 115.502 115.948 0.3 0.3 0.4

Education and communication (3)

135.056 134.559 134.728 0.5 -0.2 0.1

Other goods and services

402.176 403.484 403.790 1.9 0.4 0.1
 

Commodity and service group

 
 

All Items

229.845 228.451 226.855 -0.4 -1.3 -0.7

Commodities

186.334 183.139 179.157 -4.8 -3.9 -2.2

Commodities less food and beverages

158.283 153.753 148.064 -9.2 -6.5 -3.7

Nondurables less food and beverages

207.305 197.983 186.119 -13.9 -10.2 -6.0

Nondurables less food, beverages, and apparel

249.889 238.475 221.753 -16.7 -11.3 -7.0

Durables

112.074 111.685 111.328 -1.7 -0.7 -0.3

Services

274.028 274.359 275.051 2.6 0.4 0.3

Rent of shelter (2)

252.409 252.770 253.579 3.2 0.5 0.3

Transportation services

306.485 305.249 305.810 2.6 -0.2 0.2

Other services

327.332 326.734 327.885 1.6 0.2 0.4
 

Special aggregate indexes

 
 

All items less medical care

219.409 217.937 216.281 -0.5 -1.4 -0.8

All items less food

227.250 225.575 223.642 -0.9 -1.6 -0.9

All items less shelter

224.799 222.662 220.056 -1.9 -2.1 -1.2

Commodities less food

160.410 155.964 150.406 -8.9 -6.2 -3.6

Nondurables

224.998 220.148 214.021 -5.8 -4.9 -2.8

Nondurables less food

208.074 199.223 188.013 -13.1 -9.6 -5.6

Nondurables less food and apparel

246.534 236.059 220.812 -15.5 -10.4 -6.5

Services less rent of shelter (2)

309.801 310.105 310.670 2.1 0.3 0.2

Services less medical care services

258.453 258.789 259.450 2.8 0.4 0.3

Energy

211.214 200.483 182.897 -19.9 -13.4 -8.8

All items less energy

232.656 232.305 232.499 1.8 -0.1 0.1

All items less food and energy

230.855 230.362 230.483 1.6 -0.2 0.1

Commodities less food and energy commodities

149.232 148.011 147.055 -1.2 -1.5 -0.6

Energy commodities

251.820 224.803 187.113 -35.8 -25.7 -16.8

Services less energy services

283.059 283.079 283.940 2.7 0.3 0.3

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: Thursday, February 26, 2015