12/03/2013AP - Laserfiche WebLink

Home Browse Search

Consumer Price Index,Northeast Region Page 2 of 5 Energy The energy index declined 1.3 percent over the month,reflecting price decreases for motor fuel (-2.1 percent)and electricity(-0.3 percent). Prices for utility(piped)gas service rose 0.4 percent in September. w Over the year,energy prices decreased 3.6 percent led by a drop in prices for motor fuel(-8.4 percent). Prices advanced for both electricity(3.2 percent)and utility(piped)gas service(8.0 percent). All items less food and energy The index for all items less food and energy edged up 0.2 percent in September.Apparel(2.6 percent),education and communication(0.5 percent),and medical care(0.4 percent)were among the components that recorded price increases over the month. Lower prices for used cars and trucks(-0.9 percent)helped moderate the overall advance. Over the year,the index for all items less food and energy rose 1.9 percent, led by price increases for shelter(2.2 percent)and medical care(3.0 percent). The October 2013 Consumer Price Index for the South region is scheduled to be released on November 20,2013,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 - 2012 2013_ - 2008 2009 2010 _ 2011 _' _ Month 1- 12- 1- 1 12- 1 12- 1- 12- 1- 12- 1- 12- month mont4h9, month 4 month 1 month 3 month 8 month 5 month? month 5 month 2 mont0h4 month 1.6 January 0.5. - 3.3 0.9 1.8 February 0.3, 4.6 0.5 0.1 0.0 2.3 0.5 2.2' 0.6 March 0.8 4.4 0.3, 0.3 0.6 2.5 1.2 2.8. 0.7 2.8 0.3 1.5 April 0.7 4.2 0.3' -0.7 0.1 2.4 0.7 3.4 0.4, 2.5. -0.2 0.9. May 0.9 4.6 0.3 -1.3 0.0 2.0 0.5 4.0 0.4 1.6 0.0'. 1.3' June 1.1; 5.3 1.0 -1.4 -0.1 0.9 -0.2 3.8 0.2 1.7 0.4 1.9 July 0.5 5.8 -0.3 -2.1 -0.1 1.0 0.2' 4.1 0.2 1.4 0.2 2.2- August -0.4 5.6 0.1 -1.6 0.2 1.1' 0.4 4.3, 0.6 1.6 0.1 1.7 September 0.1 5.4 0.0 -1.8 0.2 1.4 0.0 4.1' 0.5' 2.1 0.0 1.3 October -1.2 3.9 0.2 -0.4 0.1, 1.3 -0.2 3.7 -0.2 2.1' - November -2.2 1.0 0.2 2.0 0.0 1.1 0.0 3.8 -0.5 1.6 December -1.0 0.0 -0.1 2.9 0.24 1.4 -0.2 3.3, 0.1 1.7 Federal Government Shutdown The release of these data occurs two weeks later than originally scheduled because of the recent partial Federal government shutdown. Data collection for the estimates in this release had been completed prior to the shutdown in accordance with our normal schedule. However,the processing of the estimates and the production of the Consumer Price Index news release were delayed due to the shutdown. 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 httn://www.bls.V_ov/ro3/cpiso.htm 11/1/2013 90