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15-276-KAN
Thursday, February 26, 2015

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Consumer Price Index, Midwest Region – January 2015

Prices in the Midwest down 0.6 percent in January and 0.3 percent lower over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was down 0.6 percent in January, the fourth consecutive monthly decline, the U.S. Bureau of Labor Statistics reported today. The monthly decrease was largely attributable to a 19.8-percent drop in motor fuel prices. Overall, the energy index was 9.9 percent lower. The indexes for food and all items less food and energy each rose 0.3 percent over the month.

The CPI-U for the Midwest declined 0.3 percent from January 2014 to January 2015. This marks the first over-the-year decrease in the all items index since October 2009. Food prices increased 3.2 percent and the energy index, which includes motor fuel and household fuels, fell 20.6 percent. Excluding food and energy, the CPI-U rose 1.6 percent over the year. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, Midwest region, January 2012-January 2015

Food

Food prices in the Midwest increased 0.3 percent in January. The index for food at home rose 0.3 percent and costs for food away from home were 0.2 percent higher.  

From January 2014 to January 2015, the index for food increased 3.2 percent. Rising costs for food at home (2.8 percent) and food away from home (3.9 percent) both contributed to the yearly advance.

Energy

The energy index registered its seventh consecutive monthly decline, falling 9.9 percent in January, and had the greatest downward impact on the all items index. The monthly decrease in energy costs was largely attributable to a 19.8-percent drop in motor fuel prices, the largest one-month decline since November 2008. Costs for utility (piped) gas service were 4.8 percent lower, but prices for electricity were up 1.4 percent over the month.

The index for energy fell 20.6 percent from January 2014 to January 2015, led by a drop of 38.8 percent in motor fuel prices. Slightly moderating the overall decline in energy costs, electricity prices advanced 5.6 percent and costs for utility (piped) gas service were 0.6 percent higher over the year.

All items less food and energy

The index for all items less food and energy for the Midwest turned up 0.3 percent in January. Expenditure categories registering higher prices over the month included medical care services (0.7 percent) and recreation (0.8 percent). In contrast, apparel (-2.2 percent) and new and used motor vehicles (-0.3 percent) were among the expenditure categories posting lower prices over the month.

The index for all items less food and energy increased 1.6 percent from January 2014 to January 2015. Higher costs for shelter (2.2 percent) and medical care (3.4 percent) led the advance.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 221.545 in January 2015. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $221.55 in January 2015. Because regional CPI data are not adjusted for seasonal price variation, consumers and businesses should be cautious in drawing conclusions about long-term retail price trends from short-term changes in the regional indexes.

CPI-W

In January, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 216.078, down 0.9 percent over the month. The CPI-W decreased 1.0 percent over the year.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 1.9 0.6 2.8 0.1 1.3 0.5 1.4 -0.6 -0.3

February

0.3 2.2 0.2 2.7 1.1 2.2 0.6 0.9    

March

0.9 2.7 1.0 2.8 0.2 1.4 0.9 1.5    

April

0.7 3.3 0.2 2.3 -0.1 1.2 0.3 1.9    

May

0.6 3.8 -0.1 1.5 0.5 1.8 0.2 1.6    

June

0.0 3.9 -0.1 1.4 0.3 2.2 0.5 1.7    

July

0.1 3.8 0.0 1.3 -0.4 1.8 -0.3 1.8    

August

0.2 3.8 0.7 1.8 0.1 1.2 -0.2 1.6    

September

0.2 3.9 0.3 1.9 0.1 1.0 0.1 1.6    

October

-0.6 3.3 -0.3 2.2 -0.5 0.8 -0.5 1.6    

November

0.0 3.3 -0.4 1.8 -0.2 1.0 -0.6 1.2    

December

-0.2 2.8 -0.2 1.8 -0.2 1.0 -0.7 0.7    

The February 2015 Consumer Price Index for the Midwest region is scheduled to be released on Tuesday, March 24, 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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 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/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 areas; they only measure the average change in prices for each area since the base period.

The Midwest region is comprised of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339

 

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Midwest (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Nov.
2014
Dec.
2014
Jan.
2015
Jan.
2014
Nov.
2014
Dec.
2014

Expenditure category

 
 

All Items

224.396 222.821 221.545 -0.3 -1.3 -0.6

All items (December 1977=100)

365.104 362.542 360.466      

Food and beverages

238.235 238.848 239.433 3.1 0.5 0.2

Food

237.754 238.502 239.148 3.2 0.6 0.3

Food at home

229.824 230.585 231.378 2.8 0.7 0.3

Food away from home

250.916 251.640 252.035 3.9 0.4 0.2

Alcoholic beverages

242.830 241.346 240.980 0.8 -0.8 -0.2

Housing

210.352 210.686 211.328 1.9 0.5 0.3

Shelter

245.477 245.502 246.573 2.2 0.4 0.4

Rent of primary residence (1)

244.282 244.632 244.939 2.4 0.3 0.1

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

249.784 249.958 250.385 1.7 0.2 0.2

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

249.775 249.951 250.378 1.7 0.2 0.2

Fuels and utilities

215.342 218.569 217.721 2.5 1.1 -0.4

Household energy

181.187 184.385 182.922 2.1 1.0 -0.8

Energy services (1)

186.970 190.767 189.470 4.0 1.3 -0.7

Electricity (1)

191.367 194.159 196.851 5.6 2.9 1.4

Utility (piped) gas service (1)

170.881 176.334 167.872 0.6 -1.8 -4.8

Household furnishings and operations

116.376 115.787 116.099 -1.3 -0.2 0.3

Apparel

123.037 118.655 115.993 -1.4 -5.7 -2.2

Transportation

205.782 196.890 186.659 -11.8 -9.3 -5.2

Private transportation

200.239 191.399 180.875 -12.4 -9.7 -5.5

New and used motor vehicles (3)

98.517 98.346 98.024 -0.6 -0.5 -0.3

New vehicles

139.254 139.677 139.278 0.6 0.0 -0.3

New cars and trucks (3) (4)

98.499 98.806 98.557 0.7 0.1 -0.3

New cars (4)

135.543 136.115 136.062 0.5 0.4 0.0

Used cars and trucks

144.778 142.324 141.597 -4.3 -2.2 -0.5

Motor fuel

260.787 224.340 179.847 -38.8 -31.0 -19.8

Gasoline (all types)

258.605 222.214 178.034 -38.9 -31.2 -19.9

Gasoline, unleaded regular (4)

255.229 218.865 174.164 -39.8 -31.8 -20.4

Gasoline, Unleaded midgrade (4) (5)

289.819 247.863 203.169 -37.1 -29.9 -18.0

Gasoline, unleaded premium (4)

262.977 229.751 190.240 -34.5 -27.7 -17.2

Medical Care

444.814 445.585 448.542 3.4 0.8 0.7

Medical care commodities

360.929 361.396 363.130 5.6 0.6 0.5

Medical care services

472.833 473.715 477.121 2.7 0.9 0.7

Professional services

386.869 386.698 389.035 2.1 0.6 0.6

Recreation (3)

116.780 116.968 117.892 1.0 1.0 0.8

Education and communication (3)

139.825 139.531 139.651 1.1 -0.1 0.1

Other goods and services

394.513 394.717 398.280 1.3 1.0 0.9
 

Commodity and Service Group

 
 

All Items

224.396 222.821 221.545 -0.3 -1.3 -0.6

Commodities

181.955 178.370 174.605 -4.3 -4.0 -2.1

Commodities less food & beverages

154.116 148.847 143.337 -8.9 -7.0 -3.7

Nondurables less food & beverages

201.987 191.442 179.848 -13.3 -11.0 -6.1

Nondurables less food, beverages, and apparel

253.719 239.170 221.800 -16.6 -12.6 -7.3

Durables

107.056 106.551 106.515 -1.7 -0.5 0.0

Services

268.450 268.852 270.031 2.4 0.6 0.4

Rent of shelter (2)

252.147 252.083 253.195 2.2 0.4 0.4

Transportation services

290.106 289.221 290.298 3.2 0.1 0.4

Other services

324.126 324.173 326.324 1.9 0.7 0.7
 

Special aggregate indexes:

 
 

All items less medical care

213.964 212.278 210.802 -0.7 -1.5 -0.7

All items less food

222.125 220.172 218.584 -0.9 -1.6 -0.7

All items less shelter

219.123 216.928 214.755 -1.4 -2.0 -1.0

Commodities less food

157.005 151.808 146.403 -8.6 -6.8 -3.6

Nondurables

220.260 214.935 209.039 -5.1 -5.1 -2.7

Nondurables less food

204.221 194.133 183.107 -12.4 -10.3 -5.7

Nondurables less food and apparel

251.523 238.109 222.209 -15.3 -11.7 -6.7

Services less rent of shelter (2)

301.946 302.904 304.224 2.7 0.8 0.4

Services less medical care services

253.182 253.549 254.568 2.4 0.5 0.4

Energy

216.469 202.495 182.372 -20.6 -15.8 -9.9

All items less energy

227.746 227.440 228.107 1.8 0.2 0.3

All items less food and energy

226.618 226.116 226.789 1.6 0.1 0.3

Commodities less food and energy commodities

146.828 145.572 145.105 -0.5 -1.2 -0.3

Energy commodities

260.486 225.032 181.925 -38.4 -30.2 -19.2

Services less energy services

279.054 279.085 280.543 2.3 0.5 0.5

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

Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

Table 2. Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W): Indexes and percent changes for selected periods

Midwest (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Nov.
2014
Dec.
2014
Jan.
2015
Jan.
2014
Nov.
2014
Dec.
2014

Expenditure category

 
 

All Items

219.886 217.963 216.078 -1.0 -1.7 -0.9

All items (December 1977=100)

355.605 352.495 349.446      

Food and beverages

238.781 239.338 239.991 3.2 0.5 0.3

Food

238.395 239.080 239.768 3.4 0.6 0.3

Food at home

230.840 231.515 232.308 3.0 0.6 0.3

Food away from home

251.948 252.648 253.129 3.9 0.5 0.2

Alcoholic beverages

243.295 241.812 241.893 0.8 -0.6 0.0

Housing

205.682 206.164 206.640 1.9 0.5 0.2

Shelter

235.125 235.306 236.119 2.1 0.4 0.3

Rent of primary residence (1)

244.892 245.286 245.595 2.5 0.3 0.1

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

232.768 232.969 233.400 1.7 0.3 0.2

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

232.772 232.975 233.407 1.7 0.3 0.2

Fuels and utilities

215.993 219.178 218.536 2.6 1.2 -0.3

Household energy

181.511 184.674 183.411 2.2 1.0 -0.7

Energy services (1)

185.911 189.589 188.456 4.0 1.4 -0.6

Electricity (1)

190.113 192.669 195.526 5.6 2.8 1.5

Utility (piped) gas service (1)

171.846 177.632 168.633 0.4 -1.9 -5.1

Household furnishings and operations

114.948 114.258 114.507 -1.5 -0.4 0.2

Apparel

121.454 117.288 114.597 -1.1 -5.6 -2.3

Transportation

204.898 194.759 183.096 -13.8 -10.6 -6.0

Private transportation

201.450 191.321 179.522 -14.2 -10.9 -6.2

New and used motor vehicles (3)

98.400 97.870 97.498 -1.6 -0.9 -0.4

New vehicles

142.633 143.063 142.641 0.5 0.0 -0.3

Used cars and trucks

145.413 142.955 142.225 -4.3 -2.2 -0.5

Motor fuel

261.684 225.180 180.515 -38.7 -31.0 -19.8

Gasoline (all types)

259.435 222.983 178.650 -38.9 -31.1 -19.9

Gasoline, unleaded regular (4)

255.873 219.488 174.659 -39.7 -31.7 -20.4

Gasoline, unleaded midgrade (4) (5)

289.763 247.730 203.070 -37.1 -29.9 -18.0

Gasoline, unleaded premium (4)

263.124 229.935 190.409 -34.4 -27.6 -17.2

Medical Care

449.958 450.786 453.803 3.4 0.9 0.7

Medical care commodities

354.712 355.343 356.996 5.7 0.6 0.5

Medical care services

479.266 480.157 483.667 2.7 0.9 0.7

Professional services

388.092 387.930 390.217 2.1 0.5 0.6

Recreation (3)

113.608 113.750 114.132 0.8 0.5 0.3

Education and communication (3)

132.103 131.794 131.951 0.6 -0.1 0.1

Other goods and services

436.448 437.049 441.322 1.2 1.1 1.0
 

Commodity and Service Group

 
 

All Items

219.886 217.963 216.078 -1.0 -1.7 -0.9

Commodities

185.142 181.034 176.612 -5.2 -4.6 -2.4

Commodities less food & beverages

158.836 152.744 146.162 -10.4 -8.0 -4.3

Nondurables less food & beverages

211.530 199.315 185.389 -15.4 -12.4 -7.0

Nondurables less food, beverages, and apparel

267.135 250.045 229.357 -18.8 -14.1 -8.3

Durables

108.988 108.310 108.200 -2.0 -0.7 -0.1

Services

261.428 261.968 262.946 2.4 0.6 0.4

Rent of shelter (2)

233.527 233.619 234.435 2.1 0.4 0.3

Transportation services

288.544 288.068 289.670 3.7 0.4 0.6

Other services

301.269 301.171 302.686 1.5 0.5 0.5
 

Special aggregate indexes:

 
 

All items less medical care

211.040 209.019 206.957 -1.4 -1.9 -1.0

All items less food

216.287 213.894 211.544 -1.9 -2.2 -1.1

All items less shelter

216.837 214.145 211.281 -2.2 -2.6 -1.3

Commodities less food

161.454 155.460 149.027 -10.0 -7.7 -4.1

Nondurables

225.612 219.550 212.646 -6.1 -5.7 -3.1

Nondurables less food

213.085 201.438 188.251 -14.4 -11.7 -6.5

Nondurables less food and apparel

263.413 247.696 228.820 -17.4 -13.1 -7.6

Services less rent of shelter (2)

267.655 268.647 269.714 2.7 0.8 0.4

Services less medical care services

246.967 247.483 248.308 2.4 0.5 0.3

Energy

218.160 202.801 181.292 -22.0 -16.9 -10.6

All items less energy

221.854 221.576 222.101 1.8 0.1 0.2

All items less food and energy

218.739 218.259 218.751 1.4 0.0 0.2

Commodities less food and energy commodities

149.647 148.382 147.884 -0.6 -1.2 -0.3

Energy commodities

261.876 226.120 182.538 -38.4 -30.3 -19.3

Services less energy services

271.413 271.540 272.796 2.3 0.5 0.5

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 1984=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
 

Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Thursday, February 26, 2015