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14-1564-CHI
August 19, 2014

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Consumer Price Index, Minneapolis-St. Paul – First Half 2014

The Consumer Price Index for All Urban Consumers (CPI-U) in the Minneapolis-St. Paul area rose 1.4 percent from the first half of 2013 to the first half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer stated that the energy index was 1.2 percent higher compared to its first half 2013 level, primarily due to increases in costs for utility (piped) gas service. The food index was unchanged compared to its first half 2013 level while the index for all items less food and energy increased 1.7 percent over the year. Among the categories within the all items less food and energy index, prices for shelter, medical care, and other goods and services were higher over the year.

Food

Food prices remained flat over the year as a 0.7 percent drop in the cost of groceries (the food at home index) offset a 1.6 percent increase in the cost of dining out (the food away from index). In the previous annual period (first half 2012 to first half 2013), food prices in the Minneapolis area rose 1.3 percent.

Energy

The energy index increased 1.2 percent from the first half of 2013 to the first half of 2014. Within the energy category, the index for utility (piped) gas service rose 17.4 percent and was responsible for most of this increase. Electricity costs were up 0.6 percent over the year while prices for gasoline in the first half of 2014 were 3.2 percent below their first half 2013 averages.

All items less food and energy

Over the year, the index for all items less food and energy increased 1.7 percent. Among the index’s components, higher costs were recorded for shelter (1.7 percent), medical care (4.0 percent), and other goods and services (8.8 percent).

The second half 2014 Consumer Price Index for Minneapolis-St. Paul is scheduled to be released in February 2015.


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 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 Minneapolis-St. Paul, Minn.-Wis. metropolitan are covered in this release is comprised of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington, and Wright Counties and Pierce and St. Croix Counties in Wisconsin.

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 annual averages and percent changes for selected periods

Minneapolis-St. Paul, MN-WI (1982-84=100 unless otherwise noted)
Item and Group

 
Annual average indexes
 
Percent change
2012 to 2013
2012 2013

Expenditure category

 
 

All items

224.459 228.811 1.9

All items (1967=100)

705.368 719.045 -

Food and beverages

265.296 266.941 0.6

Food

253.797 255.801 0.8

Food at home

248.464 249.434 0.4

Food away from home

261.654 264.556 1.1

Alcoholic beverages

372.355 369.338 -0.8

Housing

195.945 201.074 2.6

Shelter

224.077 228.910 2.2

Rent of primary residence (1)

223.895 228.255 1.9

Owners' equiv. rent of residences (1) (2)

234.303 239.684 2.3

Owners' equiv. rent of primary residence (1) (2)

234.303 239.684 2.3

Fuels and utilities

181.027 197.512 9.1

Household energy

166.894 185.083 10.9

Energy services (1)

168.250 187.768 11.6

Electricity (1)

222.405 246.935 11.0

Utility (piped) gas service (1)

121.671 136.968 12.6

Household furnishings and operations

125.614 124.550 -0.8

Apparel

139.602 142.195 1.9

Transportation

215.088 215.514 0.2

Private transportation

200.370 197.298 -1.5

Motor fuel

286.706 278.405 -2.9

Gasoline (all types)

288.381 279.927 -2.9

Gasoline, unleaded regular (3)

294.169 284.580 -3.3

Gasoline, unleaded midgrade (3) (4)

287.266 280.603 -2.3

Gasoline, unleaded premium (3)

328.489 323.300 -1.6

Medical care

447.033 465.648 4.2

Recreation (5)

122.659 122.017 -0.5

Education and communication (5)

136.701 140.953 3.1

Other goods and services

321.947 339.487 5.4
 

Commodity and service group

 
 

All Items

224.459 228.811 1.9

Commodities

193.784 193.976 0.1

Commodities less food & beverages

159.497 159.095 -0.3

Nondurables less food & beverages

210.926 212.195 0.6

Durables

113.625 111.577 -1.8

Services

251.540 259.457 3.1
 

Special aggregate indexes

 
 

All items less medical care

214.421 218.170 1.7

All items less shelter

225.824 229.958 1.8

Commodities less food

167.565 167.080 -0.3

Nondurables

238.067 239.521 0.6

Nondurables less food

222.680 223.705 0.5

Services less rent of shelter (2)

296.195 308.496 4.2

Services less medical care services

234.925 241.914 3.0

Energy

230.409 235.441 2.2

All items less energy

227.487 231.770 1.9

All items less food and energy

223.594 228.259 2.1

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) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
 

Table 2. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods

Minneapolis-St. Paul, MN-WI (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
1st half 2014 from-
1st half
2013
2nd half
2013
1st half
2014
1st half
2013
2nd half
2013

Expenditure category

 
 

All items

228.473 229.149 231.764 1.4 1.1

All items (1967=100)

717.983 720.107 728.325 - -

Food and beverages

267.843 266.038 267.651 -0.1 0.6

Food

256.643 254.960 256.537 0.0 0.6

Food at home

251.769 247.099 249.914 -0.7 1.1

Food away from home

263.717 265.395 267.848 1.6 0.9

Alcoholic beverages

370.893 367.783 369.031 -0.5 0.3

Housing

200.390 201.758 204.528 2.1 1.4

Shelter

228.269 229.552 232.257 1.7 1.2

Rent of primary residence (1)

227.272 229.237 234.087 3.0 2.1

Owners' equiv. rent of residences (1) (2)

238.981 240.387 242.355 1.4 0.8

Owners' equiv. rent of primary residence (1) (2)

238.981 240.387 242.355 1.4 0.8

Fuels and utilities

195.838 199.185 210.940 7.7 5.9

Household energy

183.355 186.810 196.955 7.4 5.4

Energy services (1)

185.760 189.776 198.191 6.7 4.4

Electricity (1)

242.009 251.861 243.545 0.6 -3.3

Utility (piped) gas service (1)

137.629 136.307 161.639 17.4 18.6

Household furnishings and operations

124.458 124.642 122.610 -1.5 -1.6

Apparel

140.555 143.836 145.813 3.7 1.4

Transportation

217.883 213.145 216.286 -0.7 1.5

Private transportation

199.123 195.472 197.495 -0.8 1.0

Motor fuel

288.135 268.674 279.861 -2.9 4.2

Gasoline (all types)

289.963 269.890 280.630 -3.2 4.0

Gasoline, unleaded regular (3)

295.391 273.769 285.040 -3.5 4.1

Gasoline, unleaded midgrade (3) (4)

289.782 271.424 282.313 -2.6 4.0

Gasoline, unleaded premium (3)

331.737 314.862 324.487 -2.2 3.1

Medical care

460.009 471.287 478.323 4.0 1.5

Recreation (5)

121.010 123.025 123.782 2.3 0.6

Education and communication (5)

142.335 139.571 138.836 -2.5 -0.5

Other goods and services

327.550 351.425 356.452 8.8 1.4
 

Commodity and service group

 
 

All Items

228.473 229.149 231.764 1.4 1.1

Commodities

194.360 193.591 194.807 0.2 0.6

Commodities less food & beverages

159.257 158.932 159.825 0.4 0.6

Nondurables less food & beverages

212.358 212.031 215.628 1.5 1.7

Durables

111.732 111.422 110.378 -1.2 -0.9

Services

258.502 260.412 264.191 2.2 1.5
 

Special aggregate indexes

 
 

All items less medical care

218.052 218.288 220.712 1.2 1.1

All items less shelter

229.781 230.135 232.751 1.3 1.1

Commodities less food

167.285 166.875 167.854 0.3 0.6

Nondurables

240.026 239.016 241.911 0.8 1.2

Nondurables less food

223.952 223.459 227.129 1.4 1.6

Services less rent of shelter (2)

307.120 309.872 315.416 2.7 1.8

Services less medical care services

241.343 242.485 245.762 1.8 1.4

Energy

239.503 231.379 242.290 1.2 4.7

All items less energy

231.111 232.429 234.305 1.4 0.8

All items less food and energy

227.353 229.166 231.116 1.7 0.9

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) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
 

 

Last Modified Date: Tuesday, August 19, 2014