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19-1720-CHI
Thursday, October 10, 2019

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Consumer Price Index, Minneapolis-St. Paul-Bloomington — September 2019

Local prices rose 1.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Minneapolis-St. Paul-Bloomington area declined 0.2 percent from July to September, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that the food index rose 0.5 percent and the energy index was down 3.1 percent over the bi-monthly period. The index for all items less food and energy was unchanged from July to September. Among the indexes within the all items less food and energy category, prices were higher for apparel, shelter, and medical care. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the past 12 months, the Minneapolis all items CPI-U increased 1.7 percent. (See table A.) The food index rose 1.2 percent while the energy index declined 9.2 percent from September 2018 to September 2019. The index for all items less food and energy rose 2.8 percent over the year. (See table 1.)

Food

Food prices increased 0.5 percent from July to September. Of the two components within the food index, prices for food at home (groceries) rose 0.8 percent, while prices for food away from home (restaurant, cafeteria, and vending purchases) increased 0.3 percent over the bi-monthly period.

Over the year, food prices in the Minneapolis area were up 1.2 percent. Prices for groceries rose 0.3 percent, while food away from home prices rose 2.3 percent from September 2018.

Energy

The energy index for Minneapolis declined 3.1 percent from July to September. Among the index’s components, prices were lower for gasoline (-2.1 percent), electricity (-3.6 percent), and utility (piped) gas service (-6.4 percent).

From September 2018 to September 2019, overall energy prices declined 9.2 percent. Gasoline prices declined 7.6 percent and utility (piped) gas service costs fell 19.0 percent over the year. Electricity costs were down 6.8 percent.

All items less food and energy

The index for all items less food and energy was unchanged from July to September. Among the index’s components, prices were higher for apparel (6.1 percent), shelter (0.4 percent), and medical care (0.9 percent). The new and used motor vehicles index was down 2.3 percent, and the education and communication index declined 2.2 percent.

Over the year, the index for all items less food and energy rose 2.8 percent. Increases in the indexes for shelter (4.1 percent), medical care (4.9 percent), and recreation (4.0 percent) were contributing factors.

Table A. Minneapolis-St. Paul-Bloomington, MN-WI, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2018 2019
2-month 12-month 2-month 12-month

January

0.3 0.4 1.4

March

0.5 1.4 2.3

May

1.0 1.0 2.3

July

0.3 0.3 2.2

September

0.3 -0.2 1.7

November

-1.2 1.3

The November 2019 Consumer Price Index for Minneapolis is scheduled to be released on Wednesday, December 11, 2019.


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 93 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 75 urban areas across the country from about 5,000 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 (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/pdf/homch17.pdf.

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

Indexes Percent change from-
Jul.
2019
Aug.
2019
Sep.
2019
Sep.
2018
Jul.
2019
Aug.
2019

Expenditure category

All items

251.802 - 251.416 1.7 -0.2 -

All items (1967=100)

791.296 - 790.081 - - -

Food and beverages

283.988 - 285.373 1.3 0.5 -

Food

272.632 - 274.096 1.2 0.5 -

Food at home

245.440 249.176 247.293 0.3 0.8 -0.8

Cereals and bakery products

272.668 - 275.653 -1.8 1.1 -

Meats, poultry, fish and eggs

256.573 - 264.287 0.9 3.0 -

Dairy and related products

269.238 - 276.130 6.2 2.6 -

Fruits and vegetables

343.764 - 340.426 1.4 -1.0 -

Nonalcoholic beverages and beverage materials(1)

153.027 - 153.319 -3.3 0.2 -

Other food at home

196.792 - 195.960 -0.6 -0.4 -

Food away from home

311.538 - 312.428 2.3 0.3 -

Alcoholic beverages

385.163 - 384.914 2.1 -0.1 -

Housing

238.369 - 238.271 2.9 0.0 -

Shelter

282.055 283.301 283.109 4.1 0.4 -0.1

Rent of primary residence(2)

287.013 288.269 288.844 4.5 0.6 0.2

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

293.835 295.425 295.540 3.9 0.6 0.0

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

293.835 295.425 295.540 3.9 0.6 0.0

Fuels and utilities

216.492 - 208.957 -8.6 -3.5 -

Household energy

193.777 191.582 185.103 -11.5 -4.5 -3.4

Energy services(2)

198.766 196.462 189.758 -11.2 -4.5 -3.4

Electricity(2)

288.281 283.186 278.022 -6.8 -3.6 -1.8

Utility (piped) gas service(2)

122.598 122.646 114.691 -19.0 -6.4 -6.5

Household furnishings and operations

121.996 - 121.493 3.8 -0.4 -

Apparel

137.724 - 146.106 3.1 6.1 -

Transportation

203.571 - 200.141 -2.4 -1.7 -

Private transportation

188.561 - 185.636 -2.5 -1.6 -

New and used motor vehicles(4)

92.374 - 90.290 0.6 -2.3 -

New vehicles(1)

157.888 - 155.152 1.4 -1.7 -

Used cars and trucks(1)

278.133 - 271.099 1.3 -2.5 -

Motor fuel

219.107 212.111 214.570 -7.6 -2.1 1.2

Gasoline (all types)

219.688 212.630 215.102 -7.6 -2.1 1.2

Gasoline, unleaded regular(5)

220.064 212.974 215.233 -7.7 -2.2 1.1

Gasoline, unleaded midgrade(5)(6)

224.669 216.844 221.817 -7.9 -1.3 2.3

Gasoline, unleaded premium(5)

271.791 263.966 268.197 -5.7 -1.3 1.6

Motor vehicle insurance(1)

462.823 - 462.823 -7.8 0.0 -

Medical care

560.621 - 565.622 4.9 0.9 -

Recreation(4)

133.156 - 131.289 4.0 -1.4 -

Education and communication(4)

140.422 - 137.391 -1.3 -2.2 -

Tuition, other school fees, and childcare(1)

1,134.883 - 1,089.593 -3.7 -4.0 -

Other goods and services

372.035 - 378.836 0.3 1.8 -

Commodity and service group

All items

251.802 - 251.416 1.7 -0.2 -

Commodities

189.322 - 189.157 0.4 -0.1 -

Commodities less food and beverages

147.193 - 146.584 -0.1 -0.4 -

Nondurables less food and beverages

195.389 - 196.705 -1.1 0.7 -

Durables

105.980 - 104.146 1.2 -1.7 -

Services

307.379 - 306.793 2.5 -0.2 -

Special aggregate indexes

All items less medical care

237.903 - 237.271 1.4 -0.3 -

All items less shelter

239.917 - 238.898 0.5 -0.4 -

Commodities less food

155.600 - 154.980 0.0 -0.4 -

Nondurables

237.239 - 238.612 0.1 0.6 -

Nondurables less food

208.280 - 209.562 -0.8 0.6 -

Services less rent of shelter(3)

349.457 - 346.608 0.6 -0.8 -

Services less medical care services

284.469 - 283.582 2.2 -0.3 -

Energy

209.839 204.957 203.371 -9.2 -3.1 -0.8

All items less energy

260.056 - 260.200 2.6 0.1 -

All items less food and energy

258.268 - 258.229 2.8 0.0 -

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, October 10, 2019