Thursday, January 14, 2021

Consumer Price Index for Atlanta – December 2020

 


The Consumer Price Index for All Urban Consumers (CPI-U) for the Atlanta metropolitan statistical area rose 1.6 percent for the 12 months ending in December, according to information provided by the U.S. Bureau of Labor Statistics. This compares to a 1.4 percent increase in consumer prices nationwide.

The 12-month increase of consumer prices in the Atlanta area in 2020 was less than half of the 3.3 percent rise recorded for the area in 2019.

Food costs in the Atlanta area rose 3.7 percent over the year, while costs for energy declined 5.9 percent. The index for all items less food and energy increased 2.0 percent in 2020 compared to a 2.8 percent increase recorded in 2019.

Atlanta area price indexes

Costs for food and beverages increased 3.0 percent over the 12 months ending in December 2020. Costs for food at home increased 4.6 percent, while costs for food away from home rose 2.8 percent. This was a reversal from the changes recorded in 2019 when food at home costs rose 3.1 percent, while food away from home increased 4.0 percent.

Housing costs rose 2.6 percent as costs for shelter increased 2.2 percent, while costs for fuels and utilities rose 3.7 percent. Within the fuels and utilities category, electricity costs increased 4.0 percent, less than half of the 10.8 percent increase recorded for 2019. Costs for household furnishings and operations increased 4.7 percent in 2020.

Transportation costs declined 1.6 percent over the year, primarily due to a 16.2 percent drop in the cost of gasoline. Prices for new vehicles rose 7.9 percent, while prices for used cars and trucks increased 9.2 percent.

Medical care costs dropped 1.0 percent in 2020, a sharp reversal from the 11.6 percent increase recorded in 2019. The index for all items less medical care rose by 1.9 percent over the year.

Costs for apparel rose by 3.0 percent, recreation costs increased 2.7 percent, and costs for education and communication increased 2.1 percent in 2020.


The Consumer Price Index (CPI) measures the change in prices paid for consumers of goods and services. The Consumer Price Index for All Urban Consumers (CPI-U) for Atlanta-Sandy Springs-Roswell, Ga., is based on the expenditures of residents of the Atlanta metropolitan statistical area and includes professionals, the self-employed, the poor, the unemployed, and retired people, as well as urban wage earners and clerical workers.

The CPI is a statistical estimate that is subject to sampling error because it is based upon a sample of retail prices and not a complete universe of all prices. BLS calculates and publishes estimates for the CPI-U-Atlanta-Sandy Springs-Roswell, Ga., as a 2-month, 6-month, and 12-month percent change. CPI indexes for the Atlanta area are not seasonally adjusted.

Information on how the coronavirus (COVID-19) has impacted collection of the CPI is available at Effects of COVID-19 Pandemic and Response on the Consumer Price Index : U.S. Bureau of Labor Statistics (bls.gov).  Additional information on the Consumer Price Index program is available at CPI Home : U.S. Bureau of Labor Statistics (bls.gov).


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