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16-2173-KAN
Thursday, November 17, 2016

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Consumer Price Index, Midwest Region – October 2016

Prices in the Midwest little changed in October, but 1.0 percent higher over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest registered little movement in October (-0.1 percent), the U.S. Bureau of Labor Statistics reported today. Lower costs for electricity (-6.9 percent) had the largest downward impact on the index. Higher prices for apparel (1.6 percent), owners’ equivalent rent of residences (0.2 percent), and medical care services (0.4 percent) had the largest upward impact on the all items index. Overall, energy costs were 2.3 percent lower over the month.  Food prices rose 0.2 percent while the index for all items less food and energy was unchanged. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

The CPI-U for the Midwest advanced 1.0 percent from October 2015 to October 2016. (See chart 1 and table A.) Food prices declined 0.2 percent, and the energy index, which includes motor fuel and household fuels, fell 2.9 percent. Excluding food and energy, the CPI-U rose 1.7 percent over the year. (See table 1.)

Food

Food prices in the Midwest rose 0.2 percent in October. The index for food at home was little changed (0.1 percent) while costs for food away from home rose 0.2 percent.

From October 2015 to October 2016, the index for food decreased 0.2 percent. Prices for food at home registered their thirteenth consecutive over-the-year decrease, down 2.0 percent. Costs for food away from home rose 2.6 percent over the year.

Energy

The energy index turned down 2.3 percent in October. The decrease was attributable to a 6.9-percent decline in electricity costs. Electricity prices typically decline in October reflecting a shift in seasonal rate schedules. In contrast, motor fuel prices rose 0.3 percent and utility (piped) gas service costs advanced 0.6 percent.

Energy costs declined 2.9 percent from October 2015 to October 2016, largely due to a 7.7-percent drop in motor fuel prices. Costs for utility (piped) gas service and electricity, up 3.8 and 0.7 percent, respectively, moderated the over-the-year decline.

All items less food and energy

The index for all items less food and energy for the Midwest was unchanged in October due to offsetting movements. Expenditure categories registering higher prices over the month included apparel (1.6 percent), owners’ equivalent rent of residences (0.2 percent), and medical care services (0.4 percent). In contrast, used cars and trucks (-1.8 percent) and recreation (-0.5 percent) were among the expenditure categories posting lower prices over the month.

The index for all items less food and energy was up 1.7 percent from October 2015 to October 2016. A 2.8-percent rise in shelter costs led the advance. Prices for medical care services had the next largest upward impact with a 4.6-percent increase.

 

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 227.358 in October 2016. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $227.36 in October 2016.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 2.8 0.1 1.3 0.5 1.4 -0.6 -0.3 0.3 0.8

February

0.2 2.7 1.1 2.2 0.6 0.9 0.3 -0.5 0.0 0.4

March

1.0 2.8 0.2 1.4 0.9 1.5 0.6 -0.9 0.6 0.5

April

0.2 2.3 -0.1 1.2 0.3 1.9 0.1 -1.1 0.4 0.8

May

-0.1 1.5 0.5 1.8 0.2 1.6 0.4 -0.8 0.4 0.8

June

-0.1 1.4 0.3 2.2 0.5 1.7 0.5 -0.7 0.6 0.8

July

0.0 1.3 -0.4 1.8 -0.3 1.8 0.0 -0.5 -0.5 0.4

August

0.7 1.8 0.1 1.2 -0.2 1.6 0.0 -0.3 0.1 0.6

September

0.3 1.9 0.1 1.0 0.1 1.6 -0.3 -0.8 0.2 1.1

October

-0.3 2.2 -0.5 0.8 -0.5 1.6 -0.1 -0.3 -0.1 1.0

November

-0.4 1.8 -0.2 1.0 -0.6 1.2 -0.5 -0.2    

December

-0.2 1.8 -0.2 1.0 -0.7 0.7 -0.6 0.0    

CPI-W

In October, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 221.422, down 0.2 percent over the month. The CPI-W increased 0.7 percent over the year.

The November 2016 Consumer Price Index for the Midwest region is scheduled to be released on Thursday, December 15, 2016.


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 6,000 housing units and approximately 24,000 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: (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-
Aug.
2016
Sep.
2016
Oct.
2016
Oct.
2015
Aug.
2016
Sep.
2016

Expenditure category

 
 

All Items

227.097 227.636 227.358 1.0 0.1 -0.1

All items (December 1977=100)

369.500 370.376 369.924      

Food and beverages

240.178 240.247 240.694 -0.1 0.2 0.2

Food

239.736 239.803 240.215 -0.2 0.2 0.2

Food at home

226.294 226.091 226.418 -2.0 0.1 0.1

Food away from home

262.302 262.834 263.390 2.6 0.4 0.2

Alcoholic beverages

244.022 244.116 245.048 0.9 0.4 0.4

Housing

218.070 218.816 217.842 2.3 -0.1 -0.4

Shelter

256.634 257.954 257.898 2.8 0.5 0.0

Rent of primary residence (1)

255.594 256.240 256.812 2.8 0.5 0.2

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

260.595 261.237 261.657 2.9 0.4 0.2

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

260.584 261.227 261.647 2.9 0.4 0.2

Fuels and utilities

222.530 222.299 214.514 2.3 -3.6 -3.5

Household energy

184.069 183.727 175.687 1.7 -4.6 -4.4

Energy services (1)

192.560 192.177 183.223 1.7 -4.8 -4.7

Electricity (1)

214.736 213.025 198.414 0.7 -7.6 -6.9

Utility (piped) gas service (1)

144.414 146.215 147.027 3.8 1.8 0.6

Household furnishings and operations

114.253 113.880 114.233 -1.3 0.0 0.3

Apparel

115.994 118.904 120.841 -1.5 4.2 1.6

Transportation

192.636 192.363 192.021 -2.4 -0.3 -0.2

Private transportation

187.362 186.994 186.761 -2.3 -0.3 -0.1

New and used motor vehicles (3)

98.492 97.673 97.075 -1.5 -1.4 -0.6

New vehicles

138.376 138.399 138.623 -0.4 0.2 0.2

New cars and trucks (3) (4)

97.776 97.819 97.983 -0.6 0.2 0.2

New cars (4)

134.179 134.235 134.836 -0.5 0.5 0.4

Used cars and trucks

145.698 143.225 140.615 -3.9 -3.5 -1.8

Motor fuel

198.802 200.085 200.608 -7.7 0.9 0.3

Gasoline (all types)

197.797 199.049 199.519 -7.6 0.9 0.2

Gasoline, unleaded regular (4)

192.156 193.392 193.667 -8.1 0.8 0.1

Gasoline, Unleaded midgrade (4) (5)

230.962 230.799 232.708 -6.2 0.8 0.8

Gasoline, unleaded premium (4)

220.799 222.432 223.743 -4.8 1.3 0.6

Medical Care

473.820 474.779 476.005 4.7 0.5 0.3

Medical care commodities

384.871 385.764 384.715 5.1 0.0 -0.3

Medical care services

503.616 504.595 506.627 4.6 0.6 0.4

Professional services

408.263 408.037 407.456 3.8 -0.2 -0.1

Recreation (3)

118.858 119.023 118.379 0.9 -0.4 -0.5

Education and communication (3)

140.606 140.582 140.679 0.0 0.1 0.1

Other goods and services

408.757 410.438 410.481 2.0 0.4 0.0
 

Commodity and Service Group

 
 

All Items

227.097 227.636 227.358 1.0 0.1 -0.1

Commodities

175.837 176.146 176.386 -1.4 0.3 0.1

Commodities less food & beverages

144.689 145.084 145.235 -2.3 0.4 0.1

Nondurables less food & beverages

185.412 186.888 187.811 -1.7 1.3 0.5

Nondurables less food, beverages, and apparel

230.959 231.527 231.805 -1.8 0.4 0.1

Durables

104.623 104.189 103.756 -2.4 -0.8 -0.4

Services

279.959 280.733 279.926 2.6 0.0 -0.3

Rent of shelter (2)

263.698 265.074 265.035 2.9 0.5 0.0

Transportation services

297.780 297.836 297.744 1.3 0.0 0.0

Other services

334.384 334.526 334.135 1.5 -0.1 -0.1
 

Special aggregate indexes:

 
 

All items less medical care

215.418 215.936 215.587 0.7 0.1 -0.2

All items less food

224.928 225.541 225.153 1.2 0.1 -0.2

All items less shelter

218.688 218.953 218.594 0.3 0.0 -0.2

Commodities less food

147.803 148.192 148.362 -2.1 0.4 0.1

Nondurables

212.323 213.135 213.835 -0.9 0.7 0.3

Nondurables less food

188.515 189.914 190.836 -1.6 1.2 0.5

Nondurables less food and apparel

230.756 231.279 231.612 -1.6 0.4 0.1

Services less rent of shelter (2)

313.995 314.159 312.469 2.3 -0.5 -0.5

Services less medical care services

263.287 264.045 263.032 2.3 -0.1 -0.4

Energy

191.216 191.573 187.192 -2.9 -2.1 -2.3

All items less energy

233.458 234.021 234.145 1.4 0.3 0.1

All items less food and energy

233.028 233.682 233.754 1.7 0.3 0.0

Commodities less food and energy commodities

144.838 145.132 145.231 -0.9 0.3 0.1

Energy commodities

197.915 199.157 199.951 -7.5 1.0 0.4

Services less energy services

291.328 292.231 292.280 2.7 0.3 0.0

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-
Aug.
2016
Sep.
2016
Oct.
2016
Oct.
2015
Aug.
2016
Sep.
2016

Expenditure category

 
 

All Items

221.405 221.759 221.422 0.7 0.0 -0.2

All items (December 1977=100)

358.061 358.634 358.088      

Food and beverages

240.039 240.002 240.522 -0.4 0.2 0.2

Food

239.592 239.543 240.041 -0.5 0.2 0.2

Food at home

226.865 226.614 227.013 -2.2 0.1 0.2

Food away from home

263.522 263.890 264.589 2.6 0.4 0.3

Alcoholic beverages

245.585 245.743 246.605 1.0 0.4 0.4

Housing

213.194 213.826 212.788 2.3 -0.2 -0.5

Shelter

245.692 246.723 246.847 2.8 0.5 0.1

Rent of primary residence (1)

256.212 256.848 257.429 2.8 0.5 0.2

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

242.886 243.480 243.870 2.8 0.4 0.2

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

242.884 243.480 243.868 2.8 0.4 0.2

Fuels and utilities

223.637 223.468 215.568 2.3 -3.6 -3.5

Household energy

184.804 184.524 176.426 1.7 -4.5 -4.4

Energy services (1)

191.943 191.630 182.614 1.8 -4.9 -4.7

Electricity (1)

212.352 210.715 196.441 0.5 -7.5 -6.8

Utility (piped) gas service (1)

145.886 147.924 148.654 4.5 1.9 0.5

Household furnishings and operations

112.115 111.992 112.128 -1.8 0.0 0.1

Apparel

113.349 116.399 118.284 -2.4 4.4 1.6

Transportation

190.030 189.608 189.054 -2.9 -0.5 -0.3

Private transportation

186.723 186.252 185.725 -2.9 -0.5 -0.3

New and used motor vehicles (3)

98.602 97.619 96.723 -2.0 -1.9 -0.9

New vehicles

141.365 141.496 141.593 -0.6 0.2 0.1

Used cars and trucks

146.249 143.773 141.168 -3.9 -3.5 -1.8

Motor fuel

199.157 200.563 200.987 -7.8 0.9 0.2

Gasoline (all types)

198.059 199.424 199.797 -7.8 0.9 0.2

Gasoline, unleaded regular (4)

192.266 193.623 193.780 -8.3 0.8 0.1

Gasoline, unleaded midgrade (4) (5)

230.690 230.674 232.624 -6.2 0.8 0.8

Gasoline, unleaded premium (4)

220.507 222.217 223.462 -5.0 1.3 0.6

Medical Care

479.571 480.496 481.483 4.7 0.4 0.2

Medical care commodities

378.024 378.360 376.491 4.6 -0.4 -0.5

Medical care services

510.947 512.073 514.068 4.7 0.6 0.4

Professional services

410.364 410.145 409.604 3.9 -0.2 -0.1

Recreation (3)

114.845 114.723 114.319 0.7 -0.5 -0.4

Education and communication (3)

132.347 132.169 132.270 -0.2 -0.1 0.1

Other goods and services

456.055 457.557 457.734 2.3 0.4 0.0
 

Commodity and Service Group

 
 

All Items

221.405 221.759 221.422 0.7 0.0 -0.2

Commodities

178.183 178.374 178.440 -1.7 0.1 0.0

Commodities less food & beverages

148.224 148.499 148.383 -2.7 0.1 -0.1

Nondurables less food & beverages

191.994 193.489 194.246 -2.2 1.2 0.4

Nondurables less food, beverages, and apparel

240.371 241.066 241.232 -2.3 0.4 0.1

Durables

106.834 106.210 105.474 -2.7 -1.3 -0.7

Services

272.495 273.031 272.257 2.5 -0.1 -0.3

Rent of shelter (2)

244.090 245.126 245.271 2.8 0.5 0.1

Transportation services

299.280 299.402 299.780 2.1 0.2 0.1

Other services

309.081 308.657 308.541 1.3 -0.2 0.0
 

Special aggregate indexes:

 
 

All items less medical care

211.510 211.842 211.454 0.4 0.0 -0.2

All items less food

217.752 218.171 217.699 0.9 0.0 -0.2

All items less shelter

215.156 215.273 214.767 -0.1 -0.2 -0.2

Commodities less food

151.146 151.419 151.325 -2.6 0.1 -0.1

Nondurables

216.176 216.948 217.597 -1.2 0.7 0.3

Nondurables less food

194.723 196.152 196.914 -2.0 1.1 0.4

Nondurables less food and apparel

239.233 239.883 240.101 -2.0 0.4 0.1

Services less rent of shelter (2)

278.164 278.117 276.431 2.3 -0.6 -0.6

Services less medical care services

256.748 257.246 256.309 2.3 -0.2 -0.4

Energy

190.692 191.195 187.081 -3.3 -1.9 -2.2

All items less energy

227.039 227.379 227.487 1.2 0.2 0.0

All items less food and energy

224.689 225.101 225.136 1.5 0.2 0.0

Commodities less food and energy commodities

147.889 147.998 147.780 -1.3 -0.1 -0.1

Energy commodities

198.420 199.773 200.432 -7.8 1.0 0.3

Services less energy services

283.252 283.893 284.118 2.6 0.3 0.1

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 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, November 17, 2016