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News Release Information

15-662-KAN
Friday, April 17, 2015

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Technical information:
Media contact:
  • (816) 285-7000

Consumer Price Index, Midwest Region – March 2015

Prices in the Midwest up 0.6 percent in March but 0.9 percent lower over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest rose 0.6 percent in March, following an increase of 0.3 percent in February, the U.S. Bureau of Labor Statistics reported today. The monthly gain was broad based, led by increases in the indexes for all items less food and energy (0.4 percent) and motor fuel (8.3 percent). Overall, the energy index was 3.7 percent higher while the index for food decreased 0.4 percent over the month.

The CPI-U for the Midwest declined 0.9 percent from March 2014 to March 2015. Food prices increased 1.8 percent and the energy index, which includes motor fuel and household fuels, fell 21.0 percent. Excluding food and energy, the CPI-U rose 1.4 percent over the year. (See chart 1.)

Food

Food prices in the Midwest declined 0.4 percent in March. The index for food at home decreased 0.7 percent while costs for food away from home were little changed (0.1 percent).  

From March 2014 to March 2015, the index for food increased 1.8 percent. Rising costs for food at home (1.0 percent) and food away from home (3.1 percent) both contributed to the yearly advance.

Energy

The energy index rose 3.7 percent in March following an increase of 3.8 percent in February. Rising motor fuel prices, up 8.3 percent, were largely responsible for the monthly advance. Costs for utility (piped) gas service declined 0.5 percent and electricity prices registered little movement (0.1 percent) over the month.

Despite the monthly increase, the index for energy fell 21.0 percent from March 2014 to March 2015, led by a 32.8-percent drop in motor fuel prices. Costs for utility (piped) gas service were 21.9 percent lower over the year, while electricity prices advanced 4.9 percent.

All items less food and energy

The index for all items less food and energy for the Midwest rose 0.4 percent in March. Expenditure categories registering higher prices over the month included shelter (0.3 percent), apparel (2.4 percent), and new and used motor vehicles (1.2 percent).

The index for all items less food and energy increased 1.4 percent from March 2014 to March 2015. Higher costs for shelter (2.3 percent) and medical care (2.2 percent) led the advance.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 223.550 in March 2015. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $223.55 in March 2015. Because regional CPI data are not adjusted for seasonal price variation, consumers and businesses should be cautious in drawing conclusions about long-term retail price trends from short-term changes in the regional indexes.

CPI-W

In March, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 218.486 up 0.7 percent over the month. The CPI-W decreased 1.5 percent over the year.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month20112012201320142015
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.51.90.62.80.11.30.51.4-0.6-0.3

February

0.32.20.22.71.12.20.60.90.3-0.5

March

0.92.71.02.80.21.40.91.50.6-0.9

April

0.73.30.22.3-0.11.20.31.9  

May

0.63.8-0.11.50.51.80.21.6  

June

0.03.9-0.11.40.32.20.51.7  

July

0.13.80.01.3-0.41.8-0.31.8  

August

0.23.80.71.80.11.2-0.21.6  

September

0.23.90.31.90.11.00.11.6  

October

-0.63.3-0.32.2-0.50.8-0.51.6  

November

0.03.3-0.41.8-0.21.0-0.61.2  

December

-0.22.8-0.21.8-0.21.0-0.70.7  

The April 2015 Consumer Price Index for the Midwest region is scheduled to be released on Friday, May 22, 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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 28 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 6,000 housing units and approximately 24,000 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 areas; they only measure the average change in prices for each area since the base period.

The Midwest region is comprised of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: 202-691-5200; Federal Relay Service: 1-800-877-8339

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Midwest (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Jan.
2015
Feb.
2015
Mar.
2015
Mar.
2014
Jan.
2015
Feb.
2015

Expenditure category

 
 

All Items

221.545222.301223.550-0.90.90.6

All items (December 1977=100)

360.466361.696363.728   

Food and beverages

239.433239.275238.4261.8-0.4-0.4

Food

239.148238.916238.0051.8-0.5-0.4

Food at home

231.378230.747229.0931.0-1.0-0.7

Food away from home

252.035252.483252.8393.10.30.1

Alcoholic beverages

240.980241.966242.0941.20.50.1

Housing

211.328211.179211.6111.00.10.2

Shelter

246.573246.874247.6712.30.40.3

Rent of primary residence (1)

244.939245.410245.9072.80.40.2

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

250.385250.690251.0791.90.30.2

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

250.378250.685251.0761.90.30.2

Fuels and utilities

217.721215.005215.017-3.9-1.20.0

Household energy

182.922179.695179.444-5.8-1.9-0.1

Energy services (1)

189.470186.000185.834-5.2-1.9-0.1

Electricity (1)

196.851195.755195.9884.9-0.40.1

Utility (piped) gas service (1)

167.872160.257159.376-21.9-5.1-0.5

Household furnishings and operations

116.099116.183115.728-1.5-0.3-0.4

Apparel

115.993116.338119.180-2.82.72.4

Transportation

186.659192.031196.851-10.25.52.5

Private transportation

180.875186.370191.410-10.65.82.7

New and used motor vehicles (3)

98.02498.55299.6900.51.71.2

New vehicles

139.278140.017140.7701.61.10.5

New cars and trucks (3) (4)

98.55799.09299.6711.71.10.6

New cars (4)

136.062136.720137.4881.61.00.6

Used cars and trucks

141.597143.466147.134-1.73.92.6

Motor fuel

179.847200.255216.852-32.820.68.3

Gasoline (all types)

178.034198.686215.352-32.821.08.4

Gasoline, unleaded regular (4)

174.164194.779211.598-33.521.58.6

Gasoline, Unleaded midgrade (4) (5)

203.169228.057244.607-31.120.47.3

Gasoline, unleaded premium (4)

190.240208.943224.100-29.417.87.3

Medical Care

448.542447.300448.9972.20.10.4

Medical care commodities

363.130365.206367.2104.61.10.5

Medical care services

477.121474.584476.1411.4-0.20.3

Professional services

389.035385.706387.1020.9-0.50.4

Recreation (3)

117.892117.470117.8340.50.00.3

Education and communication (3)

139.651139.657139.8170.40.10.1

Other goods and services

398.280397.738399.5111.50.30.4
 

Commodity and Service Group

 
 

All Items

221.545222.301223.550-0.90.90.6

Commodities

174.605176.435178.233-4.32.11.0

Commodities less food & beverages

143.337145.962148.832-8.03.82.0

Nondurables less food & beverages

179.848184.760190.312-12.05.83.0

Nondurables less food, beverages, and apparel

221.800229.659236.976-14.76.83.2

Durables

106.515107.062107.504-0.90.90.4

Services

270.031269.730270.4451.50.20.3

Rent of shelter (2)

253.195253.509254.3512.30.50.3

Transportation services

290.298290.801291.4222.70.40.2

Other services

326.324325.980326.6111.20.10.2
 

Special aggregate indexes:

 
 

All items less medical care

210.802211.653212.880-1.11.00.6

All items less food

218.584219.501221.101-1.31.20.7

All items less shelter

214.755215.691217.124-2.21.10.7

Commodities less food

146.403148.998151.812-7.63.71.9

Nondurables

209.039211.580214.134-5.32.41.2

Nondurables less food

183.107187.821193.099-11.35.52.8

Nondurables less food and apparel

222.209229.469236.166-13.56.32.9

Services less rent of shelter (2)

304.224303.202303.8120.8-0.10.2

Services less medical care services

254.568254.424255.0781.50.20.3

Energy

182.372189.377196.429-21.07.73.7

All items less energy

228.107228.223228.8831.40.30.3

All items less food and energy

226.789226.969227.9231.40.50.4

Commodities less food and energy commodities

145.105145.475146.607-0.41.00.8

Energy commodities

181.925201.538217.372-32.319.57.9

Services less energy services

280.543280.589281.4062.00.30.3

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 December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
 

Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

Table 2. Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W): Indexes and percent changes for selected periods

Midwest (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Jan.
2015
Feb.
2015
Mar.
2015
Mar.
2014
Jan.
2015
Feb.
2015

Expenditure category

 
 

All Items

216.078217.027218.486-1.51.10.7

All items (December 1977=100)

349.446350.981353.341   

Food and beverages

239.991239.666238.8501.8-0.5-0.3

Food

239.768239.385238.5161.9-0.5-0.4

Food at home

232.308231.542230.0191.1-1.0-0.7

Food away from home

253.129253.490253.8973.20.30.2

Alcoholic beverages

241.893242.511242.5261.00.30.0

Housing

206.640206.414206.8140.90.10.2

Shelter

236.119236.406237.0802.30.40.3

Rent of primary residence (1)

245.595246.060246.5882.80.40.2

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

233.400233.691234.0951.90.30.2

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

233.407233.700234.1051.90.30.2

Fuels and utilities

218.536215.810215.945-3.7-1.20.1

Household energy

183.411180.209180.066-5.6-1.8-0.1

Energy services (1)

188.456185.079185.035-5.1-1.80.0

Electricity (1)

195.526194.393194.6214.8-0.50.1

Utility (piped) gas service (1)

168.633160.916160.335-22.6-4.9-0.4

Household furnishings and operations

114.507114.487114.123-1.9-0.3-0.3

Apparel

114.597114.419117.486-2.12.52.7

Transportation

183.096189.218194.755-11.86.42.9

Private transportation

179.522185.670191.345-12.06.63.1

New and used motor vehicles (3)

97.49898.21799.6510.02.21.5

New vehicles

142.641143.328144.1031.51.00.5

Used cars and trucks

142.225144.095147.769-1.73.92.5

Motor fuel

180.515200.933217.516-32.820.58.3

Gasoline (all types)

178.650199.303215.927-32.820.98.3

Gasoline, unleaded regular (4)

174.659195.253212.015-33.421.48.6

Gasoline, unleaded midgrade (4) (5)

203.070228.044244.428-31.220.47.2

Gasoline, unleaded premium (4)

190.409208.996224.112-29.317.77.2

Medical Care

453.803452.580454.3862.20.10.4

Medical care commodities

356.996358.683361.0264.61.10.7

Medical care services

483.667481.278482.8251.4-0.20.3

Professional services

390.217387.210388.5880.9-0.40.4

Recreation (3)

114.132114.057114.5020.50.30.4

Education and communication (3)

131.951131.885131.979-0.20.00.1

Other goods and services

441.322440.161442.5051.30.30.5
 

Commodity and Service Group

 
 

All Items

216.078217.027218.486-1.51.10.7

Commodities

176.612178.621180.817-5.02.41.2

Commodities less food & beverages

146.162149.165152.648-9.14.42.3

Nondurables less food & beverages

185.389191.073197.626-13.76.63.4

Nondurables less food, beverages, and apparel

229.357238.547247.230-16.57.83.6

Durables

108.200108.822109.577-1.01.30.7

Services

262.946262.700263.3371.40.10.2

Rent of shelter (2)

234.435234.724235.4172.30.40.3

Transportation services

289.670290.358290.8423.40.40.2

Other services

302.686302.749303.3280.90.20.2
 

Special aggregate indexes:

 
 

All items less medical care

206.957207.984209.428-1.71.20.7

All items less food

211.544212.734214.613-2.11.50.9

All items less shelter

211.281212.475214.229-2.91.40.8

Commodities less food

149.027151.978155.384-8.84.32.2

Nondurables

212.646215.436218.437-6.12.71.4

Nondurables less food

188.251193.667199.875-12.96.23.2

Nondurables less food and apparel

228.820237.257245.184-15.37.23.3

Services less rent of shelter (2)

269.714268.890269.4020.6-0.10.2

Services less medical care services

248.308248.187248.7671.40.20.2

Energy

181.292189.124196.786-21.98.54.1

All items less energy

222.101222.207222.9111.40.40.3

All items less food and energy

218.751218.960219.9961.30.60.5

Commodities less food and energy commodities

147.884148.147149.579-0.41.11.0

Energy commodities

182.538202.323218.310-32.419.67.9

Services less energy services

272.796272.963273.6892.10.30.3

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 December 1984=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
 

Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Friday, April 17, 2015