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14-2126-KAN
November 20, 2014

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Consumer Price Index, Midwest Region – October 2014

Prices in the Midwest down 0.5 percent in October but 1.6 percent higher over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest declined 0.5 percent in October, the U.S. Bureau of Labor Statistics reported today. The monthly decrease was largely attributable to lower prices for motor fuel. Overall, the energy index declined 6.4 percent. Food prices rose 0.2 percent and the index for all items less food and energy registered little movement (up 0.1 percent).

The CPI-U for the Midwest advanced 1.6 percent from October 2013 to October 2014. Food prices increased 3.5 percent and the energy index, which includes motor fuel and household fuels, was down 0.6 percent. Excluding food and energy, the CPI-U rose 1.6 percent over the year. (See chart 1.)

 Chart 1. Over-the-year change in consumer price indexes, Midwest region, October 2011-October 2014

Food

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

From October 2013 to October 2014, the index for food was up 3.5 percent. Rising costs for food at home (3.6 percent) led the advance, though higher prices for food away from home (3.2 percent) also contributed to the yearly increase.

Energy

The energy index registered its fourth consecutive monthly decline and had the greatest downward impact on the all items index in October, falling 6.4 percent. This was the largest one-month decline since October 2011. The decrease in energy costs was largely attributable to a 7.4-percent drop in motor fuel prices. Lower costs for electricity (-6.4 percent) and utility (piped) gas service (-3.6 percent) also contributed to the monthly decrease.

The index for energy decreased 0.6 percent from October 2013 to October 2014. Motor fuel prices were down 5.0 percent, the third consecutive month of year-over-year declines. Moderating the overall decline in energy costs, electricity prices advanced 4.9 percent and costs for utility (piped) gas service were 6.9 percent higher over the year.

All items less food and energy

The index for all items less food and energy for the Midwest was little changed (0.1 percent) in October due to offsetting movements. Expenditure categories registering higher prices over the month included shelter (0.2 percent) and medical care (0.3 percent). In contrast, used cars and trucks (-2.2 percent) and education and communication (-0.4 percent) were among the expenditure categories posting lower prices over the month.

The index for all items less food and energy was up 1.6 percent from October 2013 to October 2014. Higher costs for shelter (2.3 percent) and medical care (2.8 percent) led the advance.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 225.793 in October 2014. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $225.79 in October 2014. 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 October, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 221.564, down 0.7 percent over the month. The CPI-W increased 1.5 percent over the year.

Table A. Midwest Region CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2009 2010 2011 2012 2013 2014
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.6 -0.3 0.5 2.9 0.5 1.9 0.6 2.8 0.1 1.3 0.5 1.4

February

0.3 -0.2 0.0 2.5 0.3 2.2 0.2 2.7 1.1 2.2 0.6 0.9

March

0.3 -0.8 0.4 2.6 0.9 2.7 1.0 2.8 0.2 1.4 0.9 1.5

April

0.2 -1.5 0.2 2.7 0.7 3.3 0.2 2.3 -0.1 1.2 0.3 1.9

May

0.4 -1.9 0.1 2.4 0.6 3.8 -0.1 1.5 0.5 1.8 0.2 1.6

June

1.1 -1.7 0.0 1.2 0.0 3.9 -0.1 1.4 0.3 2.2 0.5 1.7

July

-0.3 -2.5 0.2 1.7 0.1 3.8 0.0 1.3 -0.4 1.8 -0.3 1.8

August

0.4 -1.8 0.2 1.5 0.2 3.8 0.7 1.8 0.1 1.2 -0.2 1.6

September

0.0 -1.7 0.1 1.6 0.2 3.9 0.3 1.9 0.1 1.0 0.1 1.6

October

0.1 -0.2 0.0 1.5 -0.6 3.3 -0.3 2.2 -0.5 0.8 -0.5 1.6

November

0.3 2.2 0.1 1.2 0.0 3.3 -0.4 1.8 -0.2 1.0    

December

-0.3 3.0 0.2 1.8 -0.2 2.8 -0.2 1.8 -0.2 1.0    

The November 2014 Consumer Price Index for the Midwest region is scheduled to be released on Wednesday, December 17, 2014.


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 approximately 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 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-
Aug.
2014
Sep.
2014
Oct.
2014
Oct.
2013
Aug.
2014
Sep.
2014

Expenditure category

 
 

All Items

226.587 226.913 225.793 1.6 -0.4 -0.5

All items (December 1977=100)

368.670 369.199 367.378      

Food and beverages

237.128 238.161 238.702 3.4 0.7 0.2

Food

236.682 237.774 238.338 3.5 0.7 0.2

Food at home

230.152 230.965 231.420 3.6 0.6 0.2

Food away from home

247.459 249.027 249.774 3.2 0.9 0.3

Alcoholic beverages

241.190 241.296 241.488 1.6 0.1 0.1

Housing

211.589 211.459 210.644 2.4 -0.4 -0.4

Shelter

244.437 244.808 245.395 2.3 0.4 0.2

Rent of primary residence (1)

241.446 242.739 243.638 2.6 0.9 0.4

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

247.963 248.646 249.403 1.9 0.6 0.3

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

247.958 248.639 249.395 1.9 0.6 0.3

Fuels and utilities

229.864 227.181 217.402 5.2 -5.4 -4.3

Household energy

196.373 193.517 183.375 5.4 -6.6 -5.2

Energy services (1)

203.644 200.471 189.452 5.6 -7.0 -5.5

Electricity (1)

212.579 209.176 195.822 4.9 -7.9 -6.4

Utility (piped) gas service (1)

178.616 175.999 169.684 6.9 -5.0 -3.6

Household furnishings and operations

116.257 116.185 116.742 -0.5 0.4 0.5

Apparel

121.165 125.586 126.181 -0.1 4.1 0.5

Transportation

216.940 216.227 211.191 -1.2 -2.7 -2.3

Private transportation

211.809 211.342 205.861 -1.0 -2.8 -2.6

New and used motor vehicles (3)

100.303 99.717 99.102 -0.7 -1.2 -0.6

New vehicles

138.519 138.868 138.857 0.5 0.2 0.0

New cars and trucks (3) (4)

97.965 98.199 98.225 0.6 0.3 0.0

New cars (4)

134.999 135.202 135.026 -0.4 0.0 -0.1

Used cars and trucks

154.462 151.997 148.634 -1.9 -3.8 -2.2

Motor fuel

308.239 306.255 283.662 -5.0 -8.0 -7.4

Gasoline (all types)

306.282 304.333 281.701 -5.1 -8.0 -7.4

Gasoline, unleaded regular (4)

303.351 301.447 278.555 -5.4 -8.2 -7.6

Gasoline, Unleaded midgrade (4) (5)

341.351 337.524 313.840 -4.1 -8.1 -7.0

Gasoline, unleaded premium (4)

305.573 304.077 283.904 -3.9 -7.1 -6.6

Medical Care

441.918 442.786 443.915 2.8 0.5 0.3

Medical care commodities

356.242 358.257 358.977 5.0 0.8 0.2

Medical care services

470.676 471.083 472.359 2.2 0.4 0.3

Professional services

387.173 387.271 386.863 2.1 -0.1 -0.1

Recreation (3)

117.438 117.317 117.180 0.1 -0.2 -0.1

Education and communication (3)

140.510 140.792 140.252 1.4 -0.2 -0.4

Other goods and services

394.396 394.583 394.814 1.1 0.1 0.1
 

Commodity and Service Group

 
 

All Items

226.587 226.913 225.793 1.6 -0.4 -0.5

Commodities

185.678 186.331 184.638 0.7 -0.6 -0.9

Commodities less food & beverages

159.786 160.264 157.669 -1.0 -1.3 -1.6

Nondurables less food & beverages

212.311 213.706 208.644 -0.9 -1.7 -2.4

Nondurables less food, beverages, and apparel

271.896 271.369 262.662 -1.2 -3.4 -3.2

Durables

108.487 108.154 107.792 -1.0 -0.6 -0.3

Services

269.145 269.148 268.587 2.3 -0.2 -0.2

Rent of shelter (2)

251.089 251.457 252.061 2.3 0.4 0.2

Transportation services

284.998 285.100 288.383 1.8 1.2 1.2

Other services

325.197 325.659 324.764 1.3 -0.1 -0.3
 

Special aggregate indexes:

 
 

All items less medical care

216.398 216.697 215.471 1.5 -0.4 -0.6

All items less food

224.848 225.048 223.654 1.3 -0.5 -0.6

All items less shelter

222.556 222.868 221.093 1.3 -0.7 -0.8

Commodities less food

162.517 162.988 160.451 -0.9 -1.3 -1.6

Nondurables

225.233 226.464 224.025 1.2 -0.5 -1.1

Nondurables less food

213.939 215.269 210.472 -0.8 -1.6 -2.2

Nondurables less food and apparel

267.997 267.524 259.584 -1.0 -3.1 -3.0

Services less rent of shelter (2)

304.688 304.273 302.347 2.3 -0.8 -0.6

Services less medical care services

254.074 254.049 253.362 2.3 -0.3 -0.3

Energy

245.707 243.217 227.634 -0.6 -7.4 -6.4

All items less energy

227.154 227.775 228.145 1.9 0.4 0.2

All items less food and energy

226.114 226.650 226.984 1.6 0.4 0.1

Commodities less food and energy commodities

147.131 147.917 147.884 0.2 0.5 0.0

Energy commodities

305.748 303.953 282.335 -4.8 -7.7 -7.1

Services less energy services

277.995 278.347 278.934 2.1 0.3 0.2

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.
2014
Sep.
2014
Oct.
2014
Oct.
2013
Aug.
2014
Sep.
2014

Expenditure category

 
 

All Items

222.737 223.054 221.564 1.5 -0.5 -0.7

All items (December 1977=100)

360.215 360.728 358.318      

Food and beverages

237.718 238.713 239.224 3.5 0.6 0.2

Food

237.393 238.448 238.965 3.6 0.7 0.2

Food at home

231.270 232.009 232.383 3.9 0.5 0.2

Food away from home

248.167 249.832 250.624 3.2 1.0 0.3

Alcoholic beverages

241.276 241.302 241.719 1.5 0.2 0.2

Housing

206.907 206.871 205.914 2.4 -0.5 -0.5

Shelter

233.683 234.261 234.900 2.3 0.5 0.3

Rent of primary residence (1)

242.061 243.368 244.248 2.6 0.9 0.4

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

231.032 231.702 232.410 1.9 0.6 0.3

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

231.036 231.707 232.414 1.9 0.6 0.3

Fuels and utilities

230.605 227.793 218.050 5.0 -5.4 -4.3

Household energy

196.686 193.721 183.681 5.2 -6.6 -5.2

Energy services (1)

202.406 199.100 188.353 5.5 -6.9 -5.4

Electricity (1)

210.594 207.027 194.320 4.8 -7.7 -6.1

Utility (piped) gas service (1)

179.936 177.251 170.717 6.9 -5.1 -3.7

Household furnishings and operations

114.745 114.808 115.358 -0.6 0.5 0.5

Apparel

118.807 123.444 124.337 0.3 4.7 0.7

Transportation

218.498 217.673 211.450 -1.5 -3.2 -2.9

Private transportation

215.176 214.516 208.103 -1.4 -3.3 -3.0

New and used motor vehicles (3)

101.150 100.458 99.419 -1.0 -1.7 -1.0

New vehicles

141.890 142.328 142.205 0.3 0.2 -0.1

Used cars and trucks

155.142 152.663 149.279 -1.8 -3.8 -2.2

Motor fuel

309.143 307.094 284.690 -4.9 -7.9 -7.3

Gasoline (all types)

307.064 305.044 282.625 -5.1 -8.0 -7.3

Gasoline, unleaded regular (4)

303.906 301.938 279.285 -5.4 -8.1 -7.5

Gasoline, unleaded midgrade (4) (5)

341.232 337.264 313.769 -4.0 -8.0 -7.0

Gasoline, unleaded premium (4)

305.568 304.029 284.074 -3.8 -7.0 -6.6

Medical Care

447.132 448.038 449.157 2.8 0.5 0.2

Medical care commodities

350.174 352.317 353.084 5.1 0.8 0.2

Medical care services

477.201 477.582 478.820 2.2 0.3 0.3

Professional services

388.458 388.563 388.097 2.1 -0.1 -0.1

Recreation (3)

114.061 113.932 113.929 0.3 -0.1 0.0

Education and communication (3)

133.152 133.263 132.523 0.8 -0.5 -0.6

Other goods and services

436.661 436.797 436.820 1.0 0.0 0.0
 

Commodity and Service Group

 
 

All Items

222.737 223.054 221.564 1.5 -0.5 -0.7

Commodities

189.825 190.362 188.232 0.5 -0.8 -1.1

Commodities less food & beverages

165.968 166.295 163.039 -1.2 -1.8 -2.0

Nondurables less food & beverages

224.236 225.455 219.285 -1.4 -2.2 -2.7

Nondurables less food, beverages, and apparel

288.995 288.232 277.847 -1.9 -3.9 -3.6

Durables

111.141 110.698 110.030 -0.9 -1.0 -0.6

Services

262.224 262.295 261.519 2.3 -0.3 -0.3

Rent of shelter (2)

232.100 232.661 233.299 2.3 0.5 0.3

Transportation services

282.949 283.871 286.751 2.2 1.3 1.0

Other services

302.733 302.918 301.869 1.0 -0.3 -0.3
 

Special aggregate indexes:

 
 

All items less medical care

214.094 214.389 212.806 1.4 -0.6 -0.7

All items less food

219.833 220.016 218.164 1.1 -0.8 -0.8

All items less shelter

221.243 221.472 219.209 1.2 -0.9 -1.0

Commodities less food

168.376 168.697 165.524 -1.2 -1.7 -1.9

Nondurables

231.685 232.800 229.849 0.9 -0.8 -1.3

Nondurables less food

225.015 226.171 220.348 -1.3 -2.1 -2.6

Nondurables less food and apparel

283.202 282.508 273.063 -1.7 -3.6 -3.3

Services less rent of shelter (2)

270.877 270.390 268.096 2.3 -1.0 -0.8

Services less medical care services

247.922 247.975 247.088 2.3 -0.3 -0.4

Energy

248.335 245.809 230.043 -1.0 -7.4 -6.4

All items less energy

221.349 222.020 222.283 1.9 0.4 0.1

All items less food and energy

218.339 218.930 219.140 1.5 0.4 0.1

Commodities less food and energy commodities

150.373 151.059 150.848 0.1 0.3 -0.1

Energy commodities

307.621 305.781 284.077 -4.9 -7.7 -7.1

Services less energy services

270.142 270.658 271.194 2.0 0.4 0.2

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 20, 2014