Thursday, July 12, 2018
The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest increased 0.2 percent in June after rising 0.5 percent in May, the U.S. Bureau of Labor Statistics reported today. Higher prices for electricity (5.3 percent) contributed to the increase in June. Overall, energy costs were up 1.5 percent. Prices for food were up 0.2 percent and the index for all items less food and energy was unchanged over the month. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)
The CPI-U for the Midwest advanced 2.5 percent from June 2017 to June 2018. (See chart 1 and table A.) The energy index, which includes motor fuel and household fuels, rose 10.5 percent and food prices increased 1.5 percent. Excluding food and energy, the CPI-U was up 1.8 percent over the year. (See table 1.)
Food prices in the Midwest increased 0.2 percent in June after declining by the same magnitude in the prior month. The indexes for food at home and food away from home were each up 0.2 percent in June. The monthly increases followed a decline of 0.6 percent in prices for food at home and a gain of 0.4 percent in prices for food away from home in May.
From June 2017 to June 2018, the index for food was 1.5 percent higher. Prices for food away from home rose 3.1 percent and prices for food at home were up 0.4 percent over the year.
The energy index increased 1.5 percent in June following a gain of 5.0 percent in May. Higher costs for electricity (5.3 percent) were largely responsible for the June increase. In the prior month, electricity prices rose 2.6 percent. Costs for utility (piped) gas service declined 0.4 percent after rising 0.2 percent a month ago. Prices for gasoline (-0.1 percent) were little changed in June following an increase of 7.7 percent in May.
Energy costs advanced 10.5 percent from June 2017 to June 2018. Despite registering little change in the most recent month, gasoline prices were up 25.2 percent over the year. Utility (piped) gas service costs were down 4.6 percent since June 2017 and electricity prices were 2.3 percent lower.
The index for all items less food and energy for the Midwest was unchanged in June following a gain of 0.2 percent in the prior month. Among the expenditure categories registering higher costs were new and used motor vehicles (0.7 percent) and shelter (0.1 percent). Apparel (-1.3 percent) was among the indexes that declined in June.
The index for all items less food and energy was up 1.8 percent from June 2017 to June 2018. Higher costs for shelter (2.7 percent) led the over-the-year increase.
The Midwest Consumer Price Index for All Urban Consumers (-U) stood at 235.455 in June 2018. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $235.46 in June 2018.
In June, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 229.833. The CPI-W was little changed (0.1 percent) in June and rose 2.8 percent over the year.
The July 2018 Consumer Price Index for the Midwest region is scheduled to be released on Friday, August 10, 2018.
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 approximately 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 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: (800) 877-8339.
|Expenditure category||Indexes||Percent change from|
All items (December 1977 = 100)
Food and beverages
Food at home
Cereals and bakery products
Meats, poultry, fish, and eggs
Dairy and related products
Fruits and vegetables
Nonalcoholic beverages and beverage materials
Other food at home
Food away from home
Rent of primary residence(1)
Fuels and utilities
Utility (piped) gas service(1)
Household furnishings and operations
New and used motor vehicles(3)
Used cars and trucks
Gasoline (all types)
Gasoline, unleaded regular(4)
Gasoline, unleaded premium(4)
Motor vehicle insurance(6)
Medical care commodities
Medical care services
Education and communication(3)
Tuition, other school fees, and child care(6)
Other goods and services
Commodity and service group
Commodities less food and beverages
Nondurables less food and beverages
Special aggregate indexes
All items less shelter
All items less medical care
Commodities less food
Nondurables less food
Services less rent of shelter(2)
Services less medical care services
All items less energy
All items less food and energy
Note: Index applies to a month as a whole, not to any specific date.
Last Modified Date: Thursday, July 12, 2018