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News Release Information

14-1563-CHI
Tuesday, August 19, 2014

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Technical information:
Media contact:
  • (312) 353-1138

Consumer Price Index, Milwaukee-Racine – First Half 2014

The Consumer Price Index for All Urban Consumers (CPI-U) in the Milwaukee-Racine area rose 1.1 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 3.6 percent higher compared to its first half 2013 level, primarily due to increases in costs for utility (piped) gas service. Food prices were up 1.2 percent compared to their first half 2013 levels while the index for all items less food and energy increased 0.6 percent. Among the categories within the all items less food and energy index, prices for shelter, medical care, and education and communication were higher over the year.

Food

Food prices rose 1.2 percent over the year compared to their 2.7 percent increase in the previous annual period (first half of 2012 to first half of 2013). Prices for food at home (groceries) were 0.7 percent higher compared to their first half 2013 averages and food away from home costs (restaurant, cafeteria, and vending purchases) rose 2.2 percent over the year.

Energy

The energy index advanced 3.6 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 33.2 percent and was responsible for most of this increase. Electricity costs were up 1.3 percent over the year while prices for gasoline in the first half of 2014 were 2.5 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 0.6 percent. Among the index’s components, higher costs were recorded for shelter (1.2 percent), medical care (2.2 percent), and education and communication (0.8 percent).

The second half 2014 Consumer Price Index for Milwaukee-Racine 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 Milwaukee-Racine, Wis., consolidated area covered in this release is comprised of Milwaukee, Ozaukee, Racine, Washington, and Waukesha 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

Milwaukee-Racine, WI (1982-84=100 unless otherwise noted)
Item and Group

 
Annual average indexes
 
Percent change
2012 to 2013
20122013

Expenditure category

 
 

All Items

221.143225.0611.8

All items (1967=100)

683.024695.125-

Food and beverages

236.138241.3962.2

Food

239.563245.3762.4

Food at home

236.634241.0691.9

Food away from home

244.409251.8753.1

Alcoholic beverages

205.537204.062-0.7

Housing

204.662207.4681.4

Shelter

244.666249.4962.0

Rent of primary residence (1)

226.706231.6902.2

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

260.421265.3611.9

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

260.421265.3611.9

Fuels and utilities

202.701208.5972.9

Household energy

170.348173.5901.9

Energy services (1)

174.543177.9742.0

Electricity (1)

200.152210.5305.2

Utility (piped) gas service (1)

125.474119.383-4.9

Household furnishings and operations

106.579102.395-3.9

Apparel

133.215139.8074.9

Transportation

207.468207.285-0.1

Private transportation

199.917198.458-0.7

Motor fuel

319.715311.313-2.6

Gasoline (all types)

316.568307.864-2.7

Gasoline, unleaded regular (3)

322.319311.239-3.4

Gasoline, unleaded midgrade (3) (4)

330.901325.903-1.5

Gasoline, unleaded premium (3)

274.039274.8450.3

Medical care

444.698468.1665.3

Recreation (5)

113.646114.8491.1

Education and communication (5)

145.670150.0413.0

Other goods and services

377.845377.308-0.1
 

Commodity and service group

 
 

All Items

221.143225.0611.8

Commodities

182.541183.9650.8

Commodities less food & beverages

157.031156.9650.0

Nondurables less food & beverages

215.794217.0630.6

Durables

104.327103.013-1.3

Services

257.907264.2032.4
 

Special aggregate indexes

 
 

All items less medical care

211.299214.3761.5

All items less shelter

214.494218.1861.7

Commodities less food

158.994158.888-0.1

Nondurables

228.366231.4361.3

Nondurables less food

214.865215.9810.5

Services less rent of shelter (2)

284.956293.1732.9

Services less medical care services

242.922247.9742.1

Energy

237.427235.688-0.7

All items less energy

221.724226.2662.0

All items less food and energy

219.601223.9502.0

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 November 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

Milwaukee-Racine, 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

225.417224.705228.0051.11.5

All items (1967=100)

696.224694.026704.218--

Food and beverages

240.873241.920243.5571.10.7

Food

244.753245.998247.7811.20.7

Food at home

240.905241.233242.6010.70.6

Food away from home

250.529253.221256.0702.21.1

Alcoholic beverages

204.762203.361203.568-0.60.1

Housing

207.797207.139212.4662.22.6

Shelter

249.176249.815252.1341.20.9

Rent of primary residence (1)

230.755232.625235.5072.11.2

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

264.614266.109268.0771.30.7

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

264.614266.109268.0771.30.7

Fuels and utilities

209.403207.792236.47712.913.8

Household energy

175.120172.060195.06111.413.4

Energy services (1)

179.580176.369200.25311.513.5

Electricity (1)

208.715212.345211.4081.3-0.4

Utility (piped) gas service (1)

125.394113.373167.06833.247.4

Household furnishings and operations

104.779100.011100.983-3.61.0

Apparel

138.533141.081139.7330.9-1.0

Transportation

210.045204.525207.165-1.41.3

Private transportation

200.717196.199200.282-0.22.1

Motor fuel

324.039298.586317.331-2.16.3

Gasoline (all types)

320.787294.940312.626-2.56.0

Gasoline, unleaded regular (3)

324.844297.635315.723-2.86.1

Gasoline, unleaded midgrade (3) (4)

338.617313.191331.910-2.06.0

Gasoline, unleaded premium (3)

284.329265.361279.858-1.65.5

Medical care

465.723470.608476.1162.21.2

Recreation (5)

114.817114.881115.5460.60.6

Education and communication (5)

149.910150.173151.1000.80.6

Other goods and services

377.758376.858379.7670.50.8
 

Commodity and service group

 
 

All Items

225.417224.705228.0051.11.5

Commodities

184.843183.087184.8460.01.0

Commodities less food & beverages

158.346155.583157.340-0.61.1

Nondurables less food & beverages

218.680215.446219.4090.31.8

Durables

104.192101.834101.878-2.20.0

Services

264.060264.347269.1021.91.8
 

Special aggregate indexes

 
 

All items less medical care

214.851213.900217.1111.11.5

All items less shelter

218.847217.525221.2231.11.7

Commodities less food

160.258157.517159.199-0.71.1

Nondurables

232.124230.748233.6030.61.2

Nondurables less food

217.549214.413218.0220.21.7

Services less rent of shelter (2)

293.456292.890300.7402.52.7

Services less medical care services

248.004247.943252.6751.91.9

Energy

242.077229.299250.8693.69.4

All items less energy

226.141226.391227.6870.70.6

All items less food and energy

223.907223.994225.2140.60.5

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 November 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