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Thursday, February 20, 2014

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Consumer Price Index for Tampa-St. Petersburg-Clearwater — Second Half 2013


The Consumer Price Index for All Urban Consumers (CPI-U) in the Tampa-St. Petersburg-Clearwater area rose 1.3 percent from the second half of 2012 to the second half of 2013, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the all items less food and energy index increased 1.8 percent and the food index advanced 0.4 percent. Energy prices were 2.1 percent lower from the second half of 2012, as price decreases were noted for motor fuel and electricity. The 12-month advance in the all items less food and energy index reflected higher prices in several categories, notably shelter. (See chart 1.)

Chart 1. Over-the-year percent change in CPI for All Urban Consumers (CPI-U), Tampa-St. Petersburg-Clearwater, (not seasonally adjusted)

Food

Food prices increased 0.4 percent since the second half of 2012. Food at home prices advanced 2.4 percent, while those for food away from home declined 2.1 percent.

Energy

The energy index declined 2.1 percent from the second half of 2012 to the second half of 2013, reflecting a 2.0-percent decrease in motor fuel prices and a 3.0-percent drop for electricity prices. Prices for utility (piped) gas service advanced 5.2 percent, moderating the overall decrease in the energy index.

All items less food and energy

Over the year, the index for all items less food and energy increased 1.8 percent. Shelter, up 3.0 percent, was among the components contributing to the increase.


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.

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 for semiannual averages and percent changes for selected periods
Tampa-St. Petersburg-Clearwater, FL (1987=100 unless otherwise noted)
Item and Group

Semiannual average indexes
Percent change to 2nd half 2013 from-
2nd half
2012
1st half
2013
2nd half
2013
2nd half
2012
1st half
2013

Expenditure category

All Items

204.558 206.436 207.136 1.3 0.3

Food and beverages

206.835 205.823 207.762 0.4 0.9

Food

206.294 205.186 207.082 0.4 0.9

Food at home

205.619 206.658 210.627 2.4 1.9

Food away from home

208.296 204.485 203.879 -2.1 -0.3

Alcoholic beverages

201.655 201.981 204.405 1.4 1.2

Housing

188.175 189.605 191.617 1.8 1.1

Shelter

204.995 208.281 211.209 3.0 1.4

Rent of primary residence (1)

202.999 206.494 210.391 3.6 1.9

Owners' equiv. rent of residences (1)

216.170 219.595 223.070 3.2 1.6

Owners' equiv. rent of primary residence (1)

216.170 219.595 223.070 3.2 1.6

Fuels and utilities

205.133 202.014 204.172 -0.5 1.1

Household energy

169.058 164.404 165.469 -2.1 0.6

Energy services (1)

166.140 161.443 162.595 -2.1 0.7

Electricity (1)

165.105 159.197 160.159 -3.0 0.6

Utility (piped) gas service (1)

229.720 237.966 241.719 5.2 1.6

Household furnishings and operations

119.951 117.896 116.315 -3.0 -1.3

Apparel

165.551 163.188 162.552 -1.8 -0.4

Transportation

214.828 217.909 213.243 -0.7 -2.1

Private transportation

222.016 224.214 219.558 -1.1 -2.1

Motor fuel

376.968 382.523 369.415 -2.0 -3.4

Gasoline (all types)

369.381 374.823 361.883 -2.0 -3.5

Unleaded regular (2)

367.217 371.985 358.436 -2.4 -3.6

Unleaded midgrade (2) (3)

321.760 327.145 315.379 -2.0 -3.6

Unleaded premium (2)

362.416 370.697 362.714 0.1 -2.2

Medical Care

326.959 336.586 341.028 4.3 1.3

Recreation (4)

119.933 124.046 123.295 2.8 -0.6

Education and communication (4)

134.239 134.865 137.271 2.3 1.8

Other goods and services

287.154 290.474 288.507 0.5 -0.7

Commodity and service group

All Items

204.558 206.436 207.136 1.3 0.3

Commodities

176.975 177.188 176.112 -0.5 -0.6

Commodities less food & beverages

160.540 161.403 158.737 -1.1 -1.7

Nondurables less food & beverages

234.360 236.616 234.119 -0.1 -1.1

Durables

98.567 98.329 95.610 -3.0 -2.8

Services

229.549 232.798 234.946 2.4 0.9

Special aggregate indexes

All items less medical care

197.665 199.208 199.744 1.1 0.3

All items less shelter

205.538 206.902 206.594 0.5 -0.1

Commodities less food

163.269 164.118 161.615 -1.0 -1.5

Nondurables

219.032 219.507 219.417 0.2 0.0

Nondurables less food

232.176 234.285 232.162 0.0 -0.9

Services less rent of shelter

256.957 260.453 261.591 1.8 0.4

Services less medical care services

218.762 221.637 223.778 2.3 1.0

Energy

247.897 247.138 242.805 -2.1 -1.8

All items less energy

200.560 202.675 203.750 1.6 0.5

All items less food and energy

199.725 202.437 203.362 1.8 0.5

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) Special index based on a substantially smaller sample.
(3) Indexes on a December 1993=100 base.
(4) Indexes on a December 1997=100 base.

NOTE: Data not seasonally adjusted.

Last Modified Date: February 20, 2014

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