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15-321-ATL Thursday, February 26, 2015

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Technical information:
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  • (404) 893-4220

Consumer Price Index for Tampa-St. Petersburg-Clearwater-Second Half 2014

Local prices up 1.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Tampa-St. Petersburg-Clearwater area advanced 1.8 percent from the second half of 2013 to the second half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the all items less food and energy index was 2.0 percent higher compared to its second half 2013 level as price increases were noted for several categories, most notably shelter and medical care. Food prices rose 4.3 percent over the year while the index for energy decreased 2.9 percent. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, Tampa, second half 2011-second half 2014

Food

Food prices advanced 4.3 percent since the second half of 2013, led by a 5.5-percent increase in prices for food at home. Prices for food away from home were up 1.3 percent over-the-year.

Energy

The energy index decreased 2.9 percent from the second half of 2013 to the second half of 2014, reflecting an 8.7 percent decline in prices for motor fuel. Prices for electricity increased 5.1 percent while prices for utility (piped) gas service rose 7.4 percent over-the-year.

All items less food and energy

The index for all items less food and energy increased 2.0 percent since the second half of 2013. Shelter (4.1 percent) and medical care (5.1 percent), were among the components contributing to the increase.

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 Tampa-St. Petersburg-Clearwater, Fla. metropolitan statistical area covered in this release is comprised of Hernando, Hillsborough, Pasco, and Pinellas Counties in Florida.

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 2014 from-
2nd half
2013
1st half
2014
2nd half
2014
2nd half
2013
1st half
2014

Expenditure category

 
 

All Items

207.136 210.736 210.895 1.8 0.1

Food and beverages

207.762 211.074 216.457 4.2 2.6

Food

207.082 210.440 216.088 4.3 2.7

Food at home

210.627 214.643 222.219 5.5 3.5

Food away from home

203.879 204.484 206.460 1.3 1.0

Alcoholic beverages

204.405 206.829 208.083 1.8 0.6

Housing

191.617 195.497 198.052 3.4 1.3

Shelter

211.209 215.512 219.885 4.1 2.0

Rent of primary residence (1)

210.391 215.608 220.825 5.0 2.4

Owners' equiv. rent of residences (1)

223.070 226.613 231.208 3.6 2.0

Owners' equiv. rent of primary residence (1)

223.070 226.613 231.208 3.6 2.0

Fuels and utilities

204.172 211.915 212.635 4.1 0.3

Household energy

165.469 173.911 173.942 5.1 0.0

Energy services (1)

162.595 170.945 171.260 5.3 0.2

Electricity (1)

160.159 168.162 168.299 5.1 0.1

Utility (piped) gas service (1)

241.719 256.827 259.493 7.4 1.0

Household furnishings and operations

116.315 114.164 113.710 -2.2 -0.4

Apparel

162.552 162.642 163.726 0.7 0.7

Transportation

213.243 216.400 202.976 -4.8 -6.2

Private transportation

219.558 222.260 208.428 -5.1 -6.2

Motor fuel

369.415 383.267 337.335 -8.7 -12.0

Gasoline (all types)

361.883 375.432 330.039 -8.8 -12.1

Unleaded regular (2)

358.436 371.954 325.693 -9.1 -12.4

Unleaded midgrade (2) (3)

315.379 327.122 290.048 -8.0 -11.3

Unleaded premium (2)

362.714 375.778 334.933 -7.7 -10.9

Medical Care

341.028 355.382 358.484 5.1 0.9

Recreation (4)

123.295 124.026 124.912 1.3 0.7

Education and communication (4)

137.271 138.079 139.104 1.3 0.7

Other goods and services

288.507 291.242 293.108 1.6 0.6
 

Commodity and service group

 
 

All Items

207.136 210.736 210.895 1.8 0.1

Commodities

176.112 178.461 176.915 0.5 -0.9

Commodities less food & beverages

158.737 160.570 155.652 -1.9 -3.1

Nondurables less food & beverages

234.119 239.501 230.549 -1.5 -3.7

Durables

95.610 94.731 92.970 -2.8 -1.9

Services

234.946 239.626 241.242 2.7 0.7
 

Special aggregate indexes

 
 

All items less medical care

199.744 202.840 202.865 1.6 0.0

All items less shelter

206.594 209.674 208.252 0.8 -0.7

Commodities less food

161.615 163.488 158.719 -1.8 -2.9

Nondurables

219.417 223.682 222.363 1.3 -0.6

Nondurables less food

232.162 237.341 229.094 -1.3 -3.5

Services less rent of shelter

261.591 266.346 265.306 1.4 -0.4

Services less medical care services

223.778 227.908 229.595 2.6 0.7

Energy

242.805 253.288 235.781 -2.9 -6.9

All items less energy

203.750 206.772 208.497 2.3 0.8

All items less food and energy

203.362 206.324 207.331 2.0 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: Thursday, February 26, 2015

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News Release Information

15-321-ATL Thursday, February 26, 2015

Contacts

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

Consumer Price Index for Tampa-St. Petersburg-Clearwater-Second Half 2014

Local prices up 1.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Tampa-St. Petersburg-Clearwater area advanced 1.8 percent from the second half of 2013 to the second half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the all items less food and energy index was 2.0 percent higher compared to its second half 2013 level as price increases were noted for several categories, most notably shelter and medical care. Food prices rose 4.3 percent over the year while the index for energy decreased 2.9 percent. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, Tampa, second half 2011-second half 2014

Food

Food prices advanced 4.3 percent since the second half of 2013, led by a 5.5-percent increase in prices for food at home. Prices for food away from home were up 1.3 percent over-the-year.

Energy

The energy index decreased 2.9 percent from the second half of 2013 to the second half of 2014, reflecting an 8.7 percent decline in prices for motor fuel. Prices for electricity increased 5.1 percent while prices for utility (piped) gas service rose 7.4 percent over-the-year.

All items less food and energy

The index for all items less food and energy increased 2.0 percent since the second half of 2013. Shelter (4.1 percent) and medical care (5.1 percent), were among the components contributing to the increase.

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 Tampa-St. Petersburg-Clearwater, Fla. metropolitan statistical area covered in this release is comprised of Hernando, Hillsborough, Pasco, and Pinellas Counties in Florida.

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 2014 from-
2nd half
2013
1st half
2014
2nd half
2014
2nd half
2013
1st half
2014

Expenditure category

 
 

All Items

207.136 210.736 210.895 1.8 0.1

Food and beverages

207.762 211.074 216.457 4.2 2.6

Food

207.082 210.440 216.088 4.3 2.7

Food at home

210.627 214.643 222.219 5.5 3.5

Food away from home

203.879 204.484 206.460 1.3 1.0

Alcoholic beverages

204.405 206.829 208.083 1.8 0.6

Housing

191.617 195.497 198.052 3.4 1.3

Shelter

211.209 215.512 219.885 4.1 2.0

Rent of primary residence (1)

210.391 215.608 220.825 5.0 2.4

Owners' equiv. rent of residences (1)

223.070 226.613 231.208 3.6 2.0

Owners' equiv. rent of primary residence (1)

223.070 226.613 231.208 3.6 2.0

Fuels and utilities

204.172 211.915 212.635 4.1 0.3

Household energy

165.469 173.911 173.942 5.1 0.0

Energy services (1)

162.595 170.945 171.260 5.3 0.2

Electricity (1)

160.159 168.162 168.299 5.1 0.1

Utility (piped) gas service (1)

241.719 256.827 259.493 7.4 1.0

Household furnishings and operations

116.315 114.164 113.710 -2.2 -0.4

Apparel

162.552 162.642 163.726 0.7 0.7

Transportation

213.243 216.400 202.976 -4.8 -6.2

Private transportation

219.558 222.260 208.428 -5.1 -6.2

Motor fuel

369.415 383.267 337.335 -8.7 -12.0

Gasoline (all types)

361.883 375.432 330.039 -8.8 -12.1

Unleaded regular (2)

358.436 371.954 325.693 -9.1 -12.4

Unleaded midgrade (2) (3)

315.379 327.122 290.048 -8.0 -11.3

Unleaded premium (2)

362.714 375.778 334.933 -7.7 -10.9

Medical Care

341.028 355.382 358.484 5.1 0.9

Recreation (4)

123.295 124.026 124.912 1.3 0.7

Education and communication (4)

137.271 138.079 139.104 1.3 0.7

Other goods and services

288.507 291.242 293.108 1.6 0.6
 

Commodity and service group

 
 

All Items

207.136 210.736 210.895 1.8 0.1

Commodities

176.112 178.461 176.915 0.5 -0.9

Commodities less food & beverages

158.737 160.570 155.652 -1.9 -3.1

Nondurables less food & beverages

234.119 239.501 230.549 -1.5 -3.7

Durables

95.610 94.731 92.970 -2.8 -1.9

Services

234.946 239.626 241.242 2.7 0.7
 

Special aggregate indexes

 
 

All items less medical care

199.744 202.840 202.865 1.6 0.0

All items less shelter

206.594 209.674 208.252 0.8 -0.7

Commodities less food

161.615 163.488 158.719 -1.8 -2.9

Nondurables

219.417 223.682 222.363 1.3 -0.6

Nondurables less food

232.162 237.341 229.094 -1.3 -3.5

Services less rent of shelter

261.591 266.346 265.306 1.4 -0.4

Services less medical care services

223.778 227.908 229.595 2.6 0.7

Energy

242.805 253.288 235.781 -2.9 -6.9

All items less energy

203.750 206.772 208.497 2.3 0.8

All items less food and energy

203.362 206.324 207.331 2.0 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: Thursday, February 26, 2015