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Wednesday, November 13, 2024
Prices in the Detroit-Warren-Dearborn area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 1.5 percent for the two months ending in October 2024, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Jason Palmer noted that the August-October decrease was attributed to a decline in the index for all items less food and energy. Within the all items less food and energy category, price decreases were noted for lodging away from home, recreation, and household furnishings and operations. Prices were higher for medical care and tuition, other school fees, and childcare. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)
Over the last 12 months, the CPI-U advanced 3.3 percent. (See chart 1 and table A.) The index for all items less food and energy advanced 3.9 percent over the year. Food prices rose 1.4 percent. Energy prices declined 1.1 percent, largely the result of a decrease in the price of gasoline. (See table 1.)
Food prices increased 1.2 percent for the two months ending in October. (See table 1.) Prices for food at home (groceries) advanced 1.3 percent, and prices for food away from home (restaurant, cafeteria, and vending purchases) advanced 0.9 percent for the same period.
Over the year, food prices rose 1.4 percent. The food at home index advanced 0.5 percent since a year ago. Three of the six major grocery store food group indexes were higher over the year. Categories increasing included other food at home (includes sugar, sweets, fats, and oils, for example), 2.4 percent; nonalcoholic beverages and beverage materials, 3.2 percent; dairy and related products, 2.4 percent. The index for meats, poultry, fish, and eggs decreased 2.1 percent; cereals and bakery products fell 1.3 percent; and fruits and vegetables declined 1.1 percent. Prices for food away from home rose 3.1 percent.
EnergyThe energy index declined 4.1 percent for the two months ending in October. The decrease was mainly due to lower prices for gasoline (-5.9 percent). Prices for utility (piped) gas service advanced 0.2 percent, while prices for electricity fell 3.3 percent for the same period.
Energy prices declined 1.1 percent over the year, largely due to lower prices for gasoline (-3.9 percent). Prices paid for electricity advanced 1.3 percent, while prices for utility (piped) gas service fell 1.8 percent during the past year.
All items less food and energyThe index for all items less food and energy declined 1.7 percent in the latest two-month period. Lower prices for lodging away from home, recreation (-1.1 percent), and household furnishings and operations (-0.9 percent) were only partially offset by higher prices for medical care (+1.6 percent) and tuition, other school fees, and childcare (+2.5 percent).
Over the year, the index for all items less food and energy advanced 3.9 percent. Components contributing to the increase included shelter (+5.7 percent), recreation (+3.0 percent), and apparel (+7.0 percent). Partly offsetting the increases was a price decrease in the new and used motor vehicles index (-0.9 percent).
Month | 2020 | 2021 | 2022 | 2023 | 2024 | |||||
---|---|---|---|---|---|---|---|---|---|---|
2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | 2-month | 12-month | |
February |
0.5 | 2.6 | 0.6 | 0.8 | 1.1 | 7.5 | 1.9 | 7.0 | 0.2 | 2.8 |
April |
-2.7 | -0.8 | 1.7 | 5.4 | 2.5 | 8.3 | 2.1 | 6.6 | 2.8 | 3.5 |
June |
1.7 | 0.5 | 1.7 | 5.4 | 3.0 | 9.7 | 1.1 | 4.7 | 1.0 | 3.4 |
August |
1.9 | 1.8 | 0.5 | 3.9 | -0.5 | 8.6 | 0.6 | 5.9 | 0.8 | 3.5 |
October |
-0.3 | 0.5 | 1.2 | 5.5 | 1.1 | 8.5 | -1.3 | 3.4 | -1.5 | 3.3 |
December |
-0.3 | 0.7 | 1.1 | 7.0 | -1.0 | 6.2 | 0.0 | 4.5 |
The December 2024 Consumer Price Index for the Detroit-Warren-Dearborn area is scheduled to be released on January 15, 2025.
With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued.
The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
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 Consumer Price Index for Detroit is published bi-monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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 Detroit-Warren-Dearborn, MI, Core Based Statistical Area includes Lapeer, Livingston, Macomb, Oakland, St. Clair, and Wayne Counties in Michigan.
Refer to the national CPI news release technical note or the Handbook of Methods for more information.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.
Item and Group |
Indexes | Percent change from- | ||||
---|---|---|---|---|---|---|
Aug. 2024 |
Sep. 2024 |
Oct. 2024 |
Oct. 2023 |
Aug. 2024 |
Sep. 2024 |
|
Expenditure category |
||||||
All items |
297.572 | - | 293.116 | 3.3 | -1.5 | - |
All items (1967=100) |
884.509 | - | 871.263 | - | - | - |
Food and beverages |
286.738 | - | 289.975 | 1.3 | 1.1 | - |
Food |
287.641 | - | 291.091 | 1.4 | 1.2 | - |
Food at home |
271.129 | 273.121 | 274.774 | 0.5 | 1.3 | 0.6 |
Cereals and bakery products |
338.912 | 344.525 | 347.642 | -1.3 | 2.6 | 0.9 |
Meats, poultry, fish and eggs |
283.746 | 283.454 | 284.229 | -2.1 | 0.2 | 0.3 |
Dairy and related products |
209.215 | 210.737 | 214.528 | 2.4 | 2.5 | 1.8 |
Fruits and vegetables |
264.582 | 274.111 | 267.504 | -1.1 | 1.1 | -2.4 |
Nonalcoholic beverages and beverage materials(1) |
264.853 | 260.203 | 270.335 | 3.2 | 2.1 | 3.9 |
Other food at home |
259.529 | 260.284 | 262.114 | 2.4 | 1.0 | 0.7 |
Food away from home |
315.386 | - | 318.290 | 3.1 | 0.9 | - |
Alcoholic beverages |
271.239 | - | 271.403 | 0.8 | 0.1 | - |
Housing |
299.944 | - | 288.285 | 4.6 | -3.9 | - |
Shelter |
351.552 | 342.828 | 335.419 | 5.7 | -4.6 | -2.2 |
Rent of primary residence(2) |
346.924 | 346.209 | 348.900 | 6.5 | 0.6 | 0.8 |
333.094 | 331.402 | 332.099 | 6.9 | -0.3 | 0.2 | |
333.094 | 331.402 | 332.099 | 6.9 | -0.3 | 0.2 | |
Fuels and utilities |
330.396 | - | 326.015 | 1.1 | -1.3 | - |
Household energy |
257.160 | 254.654 | 251.807 | 0.4 | -2.1 | -1.1 |
Energy services(2) |
259.059 | 256.517 | 253.493 | 0.3 | -2.1 | -1.2 |
Electricity(2) |
307.151 | 306.628 | 297.074 | 1.3 | -3.3 | -3.1 |
Utility (piped) gas service(2) |
188.111 | 183.129 | 188.451 | -1.8 | 0.2 | 2.9 |
Household furnishings and operations |
143.270 | - | 141.996 | -0.3 | -0.9 | - |
Apparel |
109.120 | - | 108.834 | 7.0 | -0.3 | - |
Transportation |
326.602 | - | 325.168 | 1.5 | -0.4 | - |
Private transportation |
338.026 | - | 334.487 | 1.7 | -1.0 | - |
New and used motor vehicles(4) |
143.008 | - | 144.034 | -0.9 | 0.7 | - |
New vehicles(1) |
258.037 | - | 257.355 | -0.5 | -0.3 | - |
Used cars and trucks(1) |
375.598 | - | 375.918 | -2.6 | 0.1 | - |
Motor fuel |
315.149 | 298.888 | 296.562 | -4.4 | -5.9 | -0.8 |
Gasoline (all types) |
314.321 | 298.082 | 295.857 | -3.9 | -5.9 | -0.7 |
Gasoline, unleaded regular(5) |
315.060 | 298.147 | 295.767 | -4.2 | -6.1 | -0.8 |
387.550 | 370.541 | 369.189 | -2.5 | -4.7 | -0.4 | |
Gasoline, unleaded premium(5) |
340.981 | 329.464 | 328.438 | -0.6 | -3.7 | -0.3 |
Medical care |
495.863 | - | 503.564 | - | 1.6 | - |
Recreation(4) |
127.776 | - | 126.324 | 3.0 | -1.1 | - |
Education and communication(4) |
162.552 | - | 163.242 | 2.8 | 0.4 | - |
Tuition, other school fees, and childcare(1) |
1,558.567 | - | 1,597.316 | 3.7 | 2.5 | - |
Other goods and services |
554.789 | - | 554.423 | 4.9 | -0.1 | - |
Commodity and service group |
||||||
All items |
297.572 | - | 293.116 | 3.3 | -1.5 | - |
Commodities |
213.898 | - | 213.145 | 0.6 | -0.4 | - |
Commodities less food and beverages |
176.994 | - | 174.605 | 0.0 | -1.3 | - |
Nondurables less food and beverages |
209.842 | - | 205.156 | 1.9 | -2.2 | - |
Durables |
134.517 | - | 134.396 | -2.7 | -0.1 | - |
Services |
382.365 | - | 374.468 | 4.8 | -2.1 | - |
Special aggregate indexes |
||||||
All items less medical care |
290.089 | - | 284.875 | 3.4 | -1.8 | - |
All items less shelter |
279.826 | - | 280.161 | 2.1 | 0.1 | - |
Commodities less food |
180.478 | - | 178.145 | 0.1 | -1.3 | - |
Nondurables |
248.438 | - | 247.350 | 1.8 | -0.4 | - |
Nondurables less food |
213.971 | - | 209.518 | 1.9 | -2.1 | - |
Services less rent of shelter(3) |
430.050 | - | 432.554 | 4.1 | 0.6 | - |
Services less medical care services |
375.833 | - | 366.431 | 5.2 | -2.5 | - |
Energy |
290.189 | 280.949 | 278.301 | -1.1 | -4.1 | -0.9 |
All items less energy |
302.248 | - | 298.353 | 3.6 | -1.3 | - |
All items less food and energy |
305.779 | - | 300.649 | 3.9 | -1.7 | - |
Footnotes |
||||||
- Data not available. |
Last Modified Date: Wednesday, November 13, 2024