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News Release Information

23-496-KAN
Tuesday, March 14, 2023

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

Consumer Price Index, Midwest Region – February 2023

Area prices rose 0.5 percent in February, up 5.6 percent over the year.

Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.5 percent in February, the U.S. Bureau of Labor Statistics reported today. (See table A.) The all items less food and energy index increased 0.6 percent, led by an increase in the index for owners’ equivalent rent of residences. Food prices increased 0.3 percent over the month. A decline in the index for energy (-1.0 percent) was almost entirely driven by falling natural gas service prices. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U advanced 5.6 percent. (See chart 1.) The index for all items less food and energy increased 5.0 percent over the year, while food prices advanced 10.2 percent. Energy prices rose 2.8 percent over the same period. (See table 1.)

Food

Food prices increased 0.3 percent for the month of February. Prices for food at home (grocery store products) similarly rose 0.3 percent, while prices for food away from home (restaurant, cafeteria, and vending purchases) advanced 0.4 percent for the same period. Within the food at home category, prices paid for nonalcoholic beverages and beverage materials (+1.6 percent) and other food at home (+0.7 percent) contributed most to the over-the-month increase. Declining prices for fruits and vegetables (-0.7 percent) somewhat moderated these increases.

Over the year, food prices advanced 10.2 percent. Prices for food at home rose 10.8 percent since a year ago, with all six major grocery store food group indexes contributing to the rise. The other food at home index (which includes sugar, sweets, fats, and oils) contributed the most to the rise at 14.0 percent. Prices for food away from home rose 9.3 percent over the same period.

Energy

The energy index fell 1.0 percent over the month. The decrease was almost entirely due to lower prices for natural gas service (-5.7 percent), but the index for electricity also declined (-0.1 percent). An increase in the index for gasoline (+0.2 percent) somewhat offset these decreases.

From February 2022 to February 2023, energy prices rose 2.8 percent, largely due to higher prices for electricity (+7.2 percent) and natural gas service (+6.6 percent). Partially offsetting the rise was a decrease in prices paid for gasoline (-1.2 percent) for the same period.

All items less food and energy

The index for all items less food and energy advanced 0.6 percent in February. The over-the-month increase was most driven by higher prices for owners’ equivalent rent of residences (+0.6 percent), household furnishings and operations (+1.8 percent), and apparel (+3.6 percent). Partially offsetting the rise were declining prices paid for used cars and trucks (-1.5 percent) and medical care services (-0.3 percent).

Over the year, the index for all items less food and energy increased 5.0 percent. The largest component contributing to the increase was owners’ equivalent rent of residences (+6.7 percent), establishing a new series high. Increases to rent of primary residence (+7.2 percent), and household furnishings and operations (+7.3 percent) also made notable contributions. Partly offsetting these increases was a decline in prices paid for used cars and trucks (-13.7 percent).

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month20192020202120222023
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.20.80.42.50.51.20.87.90.86.0

February

0.71.30.32.10.81.70.98.00.55.6

March

0.61.7-0.51.00.73.01.38.6

April

0.31.5-1.1-0.40.84.90.58.2

May

0.31.30.3-0.41.05.61.58.8

June

0.01.20.80.41.05.81.69.5

July

0.21.50.50.70.65.9-0.28.6

August

0.01.50.41.10.25.7-0.28.1

September

0.01.40.21.30.25.70.28.1

October

0.21.5-0.11.00.86.60.17.4

November

-0.21.9-0.21.00.47.3-0.26.8

December

0.02.30.11.10.37.5-0.56.0

The March 2023 Consumer Price Index for the Midwest Region is scheduled to be released on Wednesday, April 12, 2023.


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 U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 6,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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 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, Midwest Region, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure categoryIndexesPercent change from
Dec.
2022
Jan.
2023
Feb.
2023
Feb.
2022
Dec.
2022
Jan.
2023

All items

275.182277.332278.6725.61.30.5

All items (December 1977 = 100)

447.736451.235453.415   

Food and beverages

304.158306.450307.29210.11.00.3

Food

305.627307.830308.83410.21.00.3

Food at home

283.100285.715286.50310.81.20.3

Cereals and bakery products

326.939331.269331.72415.41.50.1

Meats, poultry, fish, and eggs

312.238313.911313.6946.50.5-0.1

Dairy and related products

249.347249.775249.24512.70.0-0.2

Fruits and vegetables

318.399321.859319.7604.80.4-0.7

Nonalcoholic beverages and beverage materials

202.897205.925209.28913.13.21.6

Other food at home

248.908251.159252.93514.01.60.7

Food away from home

341.267342.565343.9739.30.80.4

Alcoholic beverages

283.424286.968285.5327.50.7-0.5

Housing

270.680272.146273.7576.81.10.6

Shelter

319.195320.948323.1496.61.20.7

Rent of primary residence(1)

323.196324.979326.6627.21.10.5

Owners' equivalent rent of residences(1)(2)

326.773328.370330.2616.71.10.6

Owners' equivalent rent of primary residence(1)(2)

326.679328.275330.1736.71.10.6

Fuels and utilities

277.057277.374273.3086.8-1.4-1.5

Household energy

229.988229.229224.6657.0-2.3-2.0

Energy services(1)

236.860236.567231.5737.5-2.2-2.1

Electricity(1)

224.797227.589227.4367.21.2-0.1

Utility (piped) gas service(1)

239.812233.952220.5806.6-8.0-5.7

Household furnishings and operations

138.380139.561142.0377.32.61.8

Apparel

112.806117.238121.5093.27.73.6

Transportation

247.495252.011252.5323.12.00.2

Private transportation

245.121249.961249.9212.42.00.0

New and used motor vehicles(3)

124.923124.645124.114-0.8-0.6-0.4

New vehicles

169.594170.275170.8706.70.80.3

New cars and trucks(3)(4)

      

New cars(4)

166.799167.404167.627 0.50.1

Used cars and trucks

188.271185.529182.823-13.7-2.9-1.5

Motor fuel

278.775297.443297.681-1.16.80.1

Gasoline (all types)

275.513295.119295.646-1.27.30.2

Gasoline, unleaded regular(4)

267.733287.352287.707-1.67.50.1

Gasoline, unleaded midgrade(4)(5)

325.104343.140345.4791.16.30.7

Gasoline, unleaded premium(4)

309.101324.608326.9323.35.80.7

Medical care

546.667546.299545.0752.6-0.3-0.2

Medical care commodities

379.713382.279383.5802.31.00.3

Medical care services

602.040600.669598.5852.7-0.6-0.3

Professional services

457.057456.500458.1454.00.20.4

Recreation(3)

136.972136.997138.1765.50.90.9

Education and communication(3)

142.374143.206143.2950.50.60.1

Tuition, other school fees, and child care(6)

1,265.1981,268.5321,268.7153.40.30.0

Other goods and services

501.439504.538508.0536.51.30.7

Commodity and service group

Commodities

211.678214.174215.3884.01.80.6

Commodities less food and beverages

169.244171.690172.9760.82.20.7

Nondurables less food and beverages

213.231219.562221.6492.93.91.0

Durables

124.016123.923124.595-1.20.50.5

Services

340.254342.031343.4956.71.00.4

Special aggregate indexes

All items less shelter

261.981264.308265.3405.21.30.4

All items less medical care

262.410264.679266.1395.91.40.6

Commodities less food

172.768175.252176.4831.12.20.7

Nondurables

257.349261.817263.3316.72.30.6

Nondurables less food

216.915223.087224.9773.23.70.8

Services less rent of shelter(2)

372.453374.327374.8766.70.70.1

Services less medical care services

320.853322.861324.5867.31.20.5

Energy

253.118260.465257.8532.81.9-1.0

All items less energy

280.944282.690284.3805.81.20.6

All items less food and energy

277.585279.259281.0675.01.30.6

(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Indexes 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.
(6) Indexes on a December 1977=100 base.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Tuesday, March 14, 2023