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16-136-ATL
Wednesday, January 20, 2016

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  • (404) 893-4220

Consumer Price Index for Tampa-St. Petersburg-Clearwater – Second Half 2015

Local prices up 0.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Tampa-St. Petersburg-Clearwater area rose 0.4 percent from the second half of 2014 to the second half of 2015, 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 1.9 percent higher compared to its second half 2014 level as price increases were noted for several categories, most notably shelter. Food prices advanced 2.3 percent over the year while the index for energy fell 16.1 percent. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, Tampa, second half 2012–second half 2015

Food

Food prices advanced 2.3 percent since the second half of 2014. Prices for food away from home and food at home were up 3.1 and 1.9 percent, respectively.

Energy

The energy index fell 16.1 percent from the second half of 2014 to the second half of 2015, primarily due to a 28.2-percent drop in motor fuel prices. Prices also declined for electricity (-1.3 percent) but edged up 0.2 percent for utility (piped) gas service over the year.

All items less food and energy

The index for all items less food and energy increased 1.9 percent since the second half of 2014. Several components contributed to the increase including shelter (3.6 percent), medical care (3.5 percent), education and communication (0.8 percent) and apparel (1.5 percent).

The Consumer Price Index for January 2016 is scheduled to be released on Friday, February 19, 2016.


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/pdf/homch17.pdf.

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 2015 from-
2nd half
2014
1st half
2015
2nd half
2015
2nd half
2014
1st half
2015

Expenditure category

 
 

All Items

210.895 211.414 211.699 0.4 0.1

Food and beverages

216.457 218.420 220.932 2.1 1.2

Food

216.088 218.144 220.984 2.3 1.3

Food at home

222.219 224.187 226.422 1.9 1.0

Food away from home

206.460 209.072 212.819 3.1 1.8

Alcoholic beverages

208.083 208.584 206.233 -0.9 -1.1

Housing

198.052 202.433 203.529 2.8 0.5

Shelter

219.885 225.876 227.835 3.6 0.9

Rent of primary residence (1)

220.825 227.301 228.878 3.6 0.7

Owners' equiv. rent of residences (1)

231.208 237.225 239.792 3.7 1.1

Owners' equiv. rent of primary residence (1)

231.208 237.225 239.792 3.7 1.1

Fuels and utilities

212.635 211.931 212.273 -0.2 0.2

Household energy

173.942 171.886 171.464 -1.4 -0.2

Energy services (1)

171.260 169.510 169.242 -1.2 -0.2

Electricity (1)

168.299 167.041 166.029 -1.3 -0.6

Utility (piped) gas service (1)

259.493 250.972 260.101 0.2 3.6

Household furnishings and operations

113.710 113.824 112.021 -1.5 -1.6

Apparel

163.726 163.642 166.111 1.5 1.5

Transportation

202.976 189.782 185.070 -8.8 -2.5

Private transportation

208.428 193.633 188.856 -9.4 -2.5

Motor fuel

337.335 265.765 242.147 -28.2 -8.9

Gasoline (all types)

330.039 259.970 237.552 -28.0 -8.6

Unleaded regular (2)

325.693 254.620 231.290 -29.0 -9.2

Unleaded midgrade (2) (3)

290.048 232.570 214.245 -26.1 -7.9

Unleaded premium (2)

334.933 270.390 253.542 -24.3 -6.2

Medical Care

358.484 363.366 370.869 3.5 2.1

Recreation (4)

124.912 126.097 123.943 -0.8 -1.7

Education and communication (4)

139.104 139.656 140.190 0.8 0.4

Other goods and services

293.108 296.536 294.129 0.3 -0.8
 

Commodity and service group

 
 

All Items

210.895 211.414 211.699 0.4 0.1

Commodities

176.915 173.268 172.569 -2.5 -0.4

Commodities less food & beverages

155.652 149.312 147.052 -5.5 -1.5

Nondurables less food & beverages

230.549 216.134 212.972 -7.6 -1.5

Durables

92.970 92.761 91.279 -1.8 -1.6

Services

241.242 245.340 246.472 2.2 0.5
 

Special aggregate indexes

 
 

All items less medical care

202.865 203.187 203.150 0.1 0.0

All items less shelter

208.252 206.130 205.661 -1.2 -0.2

Commodities less food

158.719 152.535 150.250 -5.3 -1.5

Nondurables

222.363 216.658 216.512 -2.6 -0.1

Nondurables less food

229.094 215.703 212.595 -7.2 -1.4

Services less rent of shelter

265.306 266.337 266.335 0.4 0.0

Services less medical care services

229.595 233.662 234.655 2.2 0.4

Energy

235.781 207.206 197.935 -16.1 -4.5

All items less energy

208.497 211.451 212.560 1.9 0.5

All items less food and energy

207.331 210.454 211.247 1.9 0.4

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: Wednesday, January 20, 2016

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News Release Information

16-136-ATL
Wednesday, January 20, 2016

Contacts

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

Consumer Price Index for Tampa-St. Petersburg-Clearwater – Second Half 2015

Local prices up 0.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Tampa-St. Petersburg-Clearwater area rose 0.4 percent from the second half of 2014 to the second half of 2015, 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 1.9 percent higher compared to its second half 2014 level as price increases were noted for several categories, most notably shelter. Food prices advanced 2.3 percent over the year while the index for energy fell 16.1 percent. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, Tampa, second half 2012–second half 2015

Food

Food prices advanced 2.3 percent since the second half of 2014. Prices for food away from home and food at home were up 3.1 and 1.9 percent, respectively.

Energy

The energy index fell 16.1 percent from the second half of 2014 to the second half of 2015, primarily due to a 28.2-percent drop in motor fuel prices. Prices also declined for electricity (-1.3 percent) but edged up 0.2 percent for utility (piped) gas service over the year.

All items less food and energy

The index for all items less food and energy increased 1.9 percent since the second half of 2014. Several components contributed to the increase including shelter (3.6 percent), medical care (3.5 percent), education and communication (0.8 percent) and apparel (1.5 percent).

The Consumer Price Index for January 2016 is scheduled to be released on Friday, February 19, 2016.


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/pdf/homch17.pdf.

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 2015 from-
2nd half
2014
1st half
2015
2nd half
2015
2nd half
2014
1st half
2015

Expenditure category

 
 

All Items

210.895 211.414 211.699 0.4 0.1

Food and beverages

216.457 218.420 220.932 2.1 1.2

Food

216.088 218.144 220.984 2.3 1.3

Food at home

222.219 224.187 226.422 1.9 1.0

Food away from home

206.460 209.072 212.819 3.1 1.8

Alcoholic beverages

208.083 208.584 206.233 -0.9 -1.1

Housing

198.052 202.433 203.529 2.8 0.5

Shelter

219.885 225.876 227.835 3.6 0.9

Rent of primary residence (1)

220.825 227.301 228.878 3.6 0.7

Owners' equiv. rent of residences (1)

231.208 237.225 239.792 3.7 1.1

Owners' equiv. rent of primary residence (1)

231.208 237.225 239.792 3.7 1.1

Fuels and utilities

212.635 211.931 212.273 -0.2 0.2

Household energy

173.942 171.886 171.464 -1.4 -0.2

Energy services (1)

171.260 169.510 169.242 -1.2 -0.2

Electricity (1)

168.299 167.041 166.029 -1.3 -0.6

Utility (piped) gas service (1)

259.493 250.972 260.101 0.2 3.6

Household furnishings and operations

113.710 113.824 112.021 -1.5 -1.6

Apparel

163.726 163.642 166.111 1.5 1.5

Transportation

202.976 189.782 185.070 -8.8 -2.5

Private transportation

208.428 193.633 188.856 -9.4 -2.5

Motor fuel

337.335 265.765 242.147 -28.2 -8.9

Gasoline (all types)

330.039 259.970 237.552 -28.0 -8.6

Unleaded regular (2)

325.693 254.620 231.290 -29.0 -9.2

Unleaded midgrade (2) (3)

290.048 232.570 214.245 -26.1 -7.9

Unleaded premium (2)

334.933 270.390 253.542 -24.3 -6.2

Medical Care

358.484 363.366 370.869 3.5 2.1

Recreation (4)

124.912 126.097 123.943 -0.8 -1.7

Education and communication (4)

139.104 139.656 140.190 0.8 0.4

Other goods and services

293.108 296.536 294.129 0.3 -0.8
 

Commodity and service group

 
 

All Items

210.895 211.414 211.699 0.4 0.1

Commodities

176.915 173.268 172.569 -2.5 -0.4

Commodities less food & beverages

155.652 149.312 147.052 -5.5 -1.5

Nondurables less food & beverages

230.549 216.134 212.972 -7.6 -1.5

Durables

92.970 92.761 91.279 -1.8 -1.6

Services

241.242 245.340 246.472 2.2 0.5
 

Special aggregate indexes

 
 

All items less medical care

202.865 203.187 203.150 0.1 0.0

All items less shelter

208.252 206.130 205.661 -1.2 -0.2

Commodities less food

158.719 152.535 150.250 -5.3 -1.5

Nondurables

222.363 216.658 216.512 -2.6 -0.1

Nondurables less food

229.094 215.703 212.595 -7.2 -1.4

Services less rent of shelter

265.306 266.337 266.335 0.4 0.0

Services less medical care services

229.595 233.662 234.655 2.2 0.4

Energy

235.781 207.206 197.935 -16.1 -4.5

All items less energy

208.497 211.451 212.560 1.9 0.5

All items less food and energy

207.331 210.454 211.247 1.9 0.4

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: Wednesday, January 20, 2016