What is the current inflation rate of the South region of the US?
Data updated November 17, 2024
About 2.5%, as of October 2024. The annual inflation rate measures the difference in prices in one month to the same month a year before. While several government datasets track price changes, the Consumer Price Index (CPI) represents the spending habits of people living in urban areas, or about 90% of the US population. In addition to reporting inflation representing the spending of all urban Americans, the CPI also provides area-specific measures of inflation. The latest CPI data shows that the South region has lower inflation than the US overall.
Showing data for
2.5%
annual inflation rate, all items in South region (Oct 2023 to Oct 2024)
2.6%
annual inflation rate, all items in all urban areas in the US (Oct 2023 to Oct 2024)
There are multiple ways to measure inflation. Headline inflation includes all consumer spending categories, such as food, housing, and transportation, offering a broad view of the overall cost of living. However, because food and energy prices can be highly volatile due to factors like weather or supply chain disruptions, core inflation excludes these categories.
In October 2024, the South region had a headline inflation rate of 2.5% and core inflation of 3.1%. Core inflation was higher than headline. That means food and energy had lower price increases over the previous year compared to other goods and services.
Headline inflation was lower than core inflation in October 2024.
Year-over-year percent change of CPI-U, South census region, not seasonally adjusted
Headline inflation in the South region was lower than the national average for all urban areas. South price increases were lower in four CPI categories: apparel, education and communication, housing, and medical care. Of those, apparel inflation differed most between the region and the rest of the country. The annual inflation rate for apparel was -0.5% in the region, compared with 0.3% across the US.
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In the South region during October 2024, the inflation rate for housing was 3.9%.
Year-over-year percent change of CPI-U (October 2023 to October 2024), not seasonally adjusted
The South region had the lowest inflation rate among the four census regions, a common way the federal government groups states for data collection. The South region includes the following states: Alabama, Arkansas, District of Columbia, Delaware, Florida, Georgia, Kentucky, Louisiana, Maryland, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee, Texas, Virginia, and West Virginia.
The lowest headline inflation across the four census regions of the US was 2.1% in the West region. The highest was 3.5% in the Northeast.
Among the four census regions of the US, the West had the lowest headline inflation rate.
Year-over-year percent change of CPI-U (Oct 2023 to Oct 2024), not seasonally adjusted
