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News Release Information

24-2327-CHI
Wednesday, November 13, 2024

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

Consumer Price Index, Detroit-Warren-Dearborn area – October 2024

Area prices were down 1.5 percent over the past two months, up 3.3 percent from a year ago

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

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.

Energy

The 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 energy

The 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).

Table A. Detroit-Warren-Dearborn, MI, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
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.

Notice Regarding Ceasing Publication of Utility Indexes

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:

 

  • Electricity
  • Utility (piped) gas (often referred to as natural gas)
  • Energy services
  • Fuels and utilities
  • Household energy

 

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:

 

  • Electricity per KWH
  • Utility (piped) gas per therm

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 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.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods
Detroit-Warren-Dearborn, MI (1982-84=100 unless otherwise noted)
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

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

333.094 331.402 332.099 6.9 -0.3 0.2

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

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

Gasoline, unleaded midgrade(5)(6)

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
(1) Index on a December 1977=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: Wednesday, November 13, 2024