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News Release Information

20-2201-CHI
Thursday, December 10, 2020

Contacts

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

Consumer Price Index, Minneapolis-St. Paul-Bloomington — November 2020

Area prices were down 0.4 percent over the past two months, up 1.7 percent from a year ago

Prices in the Minneapolis-St. Paul-Bloomington area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), decreased 0.4 percent for the two months ending in November 2020, the U.S. Bureau of Labor Statistics reported today.  Regional Commissioner Jason Palmer noted that the energy index fell 7.9 percent and the food index decreased 0.2 percent in the September to November period. The all items less food and energy index increased 0.1 percent. Among the indexes within the all items less food and energy category, prices were higher for household furnishings and operations. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U increased 1.7 percent. (See table A.)  Food prices rose 3.0 percent over the year while energy prices fell 10.9 percent, largely the result of a decrease in the price of gasoline. The index for all items less food and energy increased 2.4 percent over the year. (See table 1.)

Food

Food prices were down 0.2 percent for the two months ending in November. Prices for food at home (groceries) decreased 0.5 percent, and prices for food away from home (restaurant, cafeteria, and vending purchases) advanced 0.2 percent for the same period.

Over the year, food prices rose 3.0 percent. Prices for food at home were up 2.2 percent since a year ago, and prices for food away from home rose 4.2 percent.

Energy

The energy index declined 7.9 percent for the two months ending in November. The decrease was mainly due to lower prices for electricity (-12.1 percent). Prices for utility (piped) gas service declined 0.5 percent, and prices for gasoline decreased 8.0 percent for the same period.

Energy prices fell 10.9 percent over the year, largely due to lower prices for gasoline (-25.5 percent). Prices paid for electricity increased 10.1 percent, and prices for utility (piped) gas service rose 8.8 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.1 percent in the latest two-month period. Higher prices for household furnishings and operations (2.7 percent) and motor vehicle insurance (5.7 percent) were partially offset by lower prices for apparel (-4.2 percent) and medical care (-0.8 percent).

Over the year, the index for all items less food and energy increased 2.4 percent. Components contributing to the increase included shelter (2.3 percent) and household furnishings and operations (8.3 percent).

Table A. Minneapolis-St. Paul-Bloomington, MN-WI, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month201820192020
2-month12-month2-month12-month2-month12-month

January

0.30.41.40.63.0

March

0.51.42.3-0.31.2

May

1.01.02.3-0.10.0

July

0.30.32.2-0.1-0.3

September

0.3-0.21.72.11.9

November

-1.21.3-0.22.8-0.41.7

The January 2021 Consumer Price Index for Minneapolis is scheduled to be released on Wednesday, February 10, 2021.

Coronavirus (COVID-19) Pandemic Impact on November 2020 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in November was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed.

While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


Technical Note

The Consumer Price Index (CPI) is a measures 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 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 75 urban areas across the country from about 6,000 housing units and approximately 22,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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-Bloomington, MN-WI, Core Based Statistical Area covered in this release is comprised of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, LeSueur, Mille Lacs, Ramsey, Scott, Sherburne, Sibley, Washington, and Wright Counties in Minnesota; 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 and percent changes for selected periods
Minneapolis-St. Paul-Bloomington, MN-WI (1982-84=100 unless otherwise noted)
Item and Group

IndexesPercent change from-
Sep.
2020
Oct.
2020
Nov.
2020
Nov.
2019
Sep.
2020
Oct.
2020

Expenditure category

All items

256.280-255.3621.7-0.4-

All items (1967=100)

805.368-802.482---

Food and beverages

294.918-294.4073.0-0.2-

Food

283.658-283.1213.0-0.2-

Food at home

252.487255.867251.2772.2-0.5-1.8

Cereals and bakery products

276.343-266.374-1.1-3.6-

Meats, poultry, fish and eggs

276.183-277.3645.70.4-

Dairy and related products

264.724-273.475-1.73.3-

Fruits and vegetables

352.259-345.2882.2-2.0-

Nonalcoholic beverages and beverage materials(1)

156.493-157.5671.90.7-

Other food at home

201.020-199.6202.7-0.7-

Food away from home

328.766-329.4364.20.2-

Alcoholic beverages

391.679-391.6792.60.0-

Housing

246.285-245.9663.5-0.1-

Shelter

290.367290.933290.4122.30.0-0.2

Rent of primary residence(2)

300.048300.815301.2843.40.40.2

Owners' equiv. rent of residences(2)(3)

308.383309.345308.8453.90.1-0.2

Owners' equiv. rent of primary residence(2)(3)

308.383309.345308.8453.90.1-0.2

Fuels and utilities

226.297-212.2987.2-6.2-

Household energy

203.242187.916187.1578.7-7.9-0.4

Energy services(2)

207.566191.407190.3259.6-8.3-0.6

Electricity(2)

293.544263.698258.16910.1-12.1-2.1

Utility (piped) gas service(2)

132.874129.165132.2688.8-0.52.4

Household furnishings and operations

127.593-130.9838.32.7-

Apparel

142.491-136.5472.6-4.2-

Transportation

189.804-189.120-5.6-0.4-

Private transportation

180.796-179.004-3.6-1.0-

New and used motor vehicles(4)

93.893-94.8334.01.0-

New vehicles(1)

157.016-158.3350.60.8-

Used cars and trucks(1)

302.944-302.61312.9-0.1-

Motor fuel

170.469165.172157.126-25.3-7.8-4.9

Gasoline (all types)

170.683165.227157.067-25.5-8.0-4.9

Gasoline, unleaded regular(5)

170.471164.816156.385-25.9-8.3-5.1

Gasoline, unleaded midgrade(5)(6)

177.798172.823165.055-23.0-7.2-4.5

Gasoline, unleaded premium(5)

217.007212.984206.742-20.9-4.7-2.9

Motor vehicle insurance(1)

465.057-491.5465.95.7-

Medical care

593.138-588.6233.0-0.8-

Recreation(4)

132.760-133.2511.20.4-

Education and communication(4)

139.054-138.6150.8-0.3-

Tuition, other school fees, and childcare(1)

1,127.579-1,127.5793.50.0-

Other goods and services

396.550-396.6003.50.0-

Commodity and service group

All items

256.280-255.3621.7-0.4-

Commodities

190.200-189.0470.6-0.6-

Commodities less food and beverages

145.012-143.748-0.8-0.9-

Nondurables less food and beverages

189.342-183.365-4.5-3.2-

Durables

106.525-108.5493.81.9-

Services

315.141-314.4622.4-0.2-

Special aggregate indexes

All items less medical care

241.158-240.3911.6-0.3-

All items less shelter

242.734-241.4031.5-0.5-

Commodities less food

153.528-152.258-0.7-0.8-

Nondurables

238.296-234.526-0.6-1.6-

Nondurables less food

202.653-196.820-3.9-2.9-

Services less rent of shelter(3)

356.736-355.0562.5-0.5-

Services less medical care services

290.041-289.5972.2-0.2-

Energy

188.681178.455173.827-10.9-7.9-2.6

All items less energy

266.784-266.9432.50.1-

All items less food and energy

264.385-264.6432.40.1-

Footnotes
(1) Index on an April 1978=100 base.
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Index on a December 1982=100 base.
(4) Indexes on a December 1997=100 base.
(5) Special index based on a substantially smaller sample.
(6) Index on a December 1993=100 base.

- Data not available.
Note: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: Thursday, December 10, 2020