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Consumer Price Index, Midwest Region – June 2024

Area prices rose 0.1 percent in June, up 2.5 percent over the year

Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.1 percent in June, the U.S. Bureau of Labor Statistics reported today. (See table A.) The June increase was mainly influenced by a 0.2 percent rise in the all items less food and energy index, with higher prices for owners’ equivalent rent contributing most to the increase. The food index rose 0.1 percent, while the energy index was unchanged for June. (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 increased 2.5 percent. (See chart 1.) The index for all items less food and energy rose 2.9 percent over the year, and food prices increased 1.7 percent. Energy prices declined by 0.8 percent, primarily due to falling gasoline prices. (See table 1.)

Food

Food prices rose 0.1 percent for the month of June. Prices for food away from home (restaurant, cafeteria, and vending purchases) increased 0.2 percent, while prices for food at home (grocery store prices) advanced by 0.1 percent for the same period. Within the index for food at home, other food at home and dairy and related products both contributed to the June increase, advancing 0.4 percent and 0.7 percent respectively. A decline in prices paid for fruits and vegetables (-0.6 percent) almost entirely offsetting the rise for grocery store prices in June.

The food index rose 1.7 percent over the year, largely due to an advance in prices for food away from home (+3.2 percent). The index for food at home increased 0.8 percent, led by a 3.7 percent rise in the index for nonalcoholic beverages and beverage materials.

Energy

Energy prices were unchanged for the month of June. Prices paid for electricity (+2.0 percent) and natural gas service (+4.5 percent) were entirely offset by a decline in gasoline prices (-2.2 percent) in June.

From June 2023 to June 2024, energy prices fell 0.8 percent, primarily due to lower prices for gasoline (-3.4 percent). Rising prices for electricity (+1.1 percent) and natural gas service (+2.1 percent) somewhat offset the decline.

All items less food and energy

The index for all items less food and energy rose 0.2 percent in June. Components contributing most to the increase were owners’ equivalent rent (+0.4 percent) and household furnishings and operations (+0.8 percent). Declining prices for apparel (-2.1 percent), public transportation, and recreation (-0.3 percent) partially offset increases in the index.

Over the year, the index for all items less food and energy rose 2.9 percent. The indexes for owners’ equivalent rent of residence (+6.2 percent), rent of primary residence (+5.9 percent), and other goods and services (+6.9 percent) contributed most to the increase. Falling prices for used cars and trucks (-9.4 percent) and household furnishings and operations (-2.2 percent) slightly offset the rise.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month20202021202220232024
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.42.50.51.20.87.90.86.00.32.7

February

0.32.10.81.70.98.00.55.60.62.8

March

-0.51.00.73.01.38.60.64.90.72.8

April

-1.1-0.40.84.90.58.20.64.90.52.8

May

0.3-0.41.05.61.58.80.33.70.22.7

June

0.80.41.05.81.69.50.42.40.12.5

July

0.50.70.65.9-0.28.60.32.9

August

0.41.10.25.7-0.28.10.23.4

September

0.21.30.25.70.28.10.13.2

October

-0.11.00.86.60.17.4-0.12.9

November

-0.21.00.47.3-0.26.8-0.22.9

December

0.11.10.37.5-0.56.0-0.23.2

The July 2024 Consumer Price Index for the Midwest Region is scheduled to be released on Wednesday, August 14, 2024.


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
Apr.
2024
May
2024
Jun.
2024
Jun.
2023
Apr.
2024
May
2024

All items

289.718290.355290.7792.50.40.1

All items (December 1977 = 100)

471.388472.424473.114   

Food and beverages

314.381314.915315.3171.70.30.1

Food

315.711316.259316.6461.70.30.1

Food at home

289.107289.396289.5600.80.20.1

Cereals and bakery products

336.074338.089338.4130.50.70.1

Meats, poultry, fish, and eggs

312.414312.578312.4201.10.0-0.1

Dairy and related products

244.727245.021246.6680.10.80.7

Fruits and vegetables

317.758318.887316.970-2.0-0.2-0.6

Nonalcoholic beverages and beverage materials

215.677215.096214.9393.7-0.3-0.1

Other food at home

259.185258.961259.8971.40.30.4

Food away from home

359.267360.325361.1523.20.50.2

Alcoholic beverages

295.604295.943296.5471.90.30.2

Housing

287.967290.050291.8174.41.30.6

Shelter

347.648350.596351.9845.81.20.4

Rent of primary residence(1)

350.438351.900353.1565.90.80.4

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

355.208356.629358.1366.20.80.4

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

355.091356.510358.0176.20.80.4

Fuels and utilities

269.753272.459277.9272.33.02.0

Household energy

216.679219.544225.1151.33.92.5

Energy services(1)

223.903227.135233.3821.44.22.8

Electricity(1)

238.370242.895247.8431.14.02.0

Utility (piped) gas service(1)

179.731180.348188.4672.14.94.5

Household furnishings and operations

138.318137.702138.788-2.20.30.8

Apparel

123.116122.654120.1260.6-2.4-2.1

Transportation

266.041265.628264.177-0.5-0.7-0.5

Private transportation

264.897264.118263.036-0.2-0.7-0.4

New and used motor vehicles(3)

125.558125.791125.786-4.00.20.0

New vehicles

172.853172.653172.721-0.2-0.10.0

New cars and trucks(3)(4)

      

New cars(4)

167.114167.495167.559-1.00.30.0

Used cars and trucks

181.217182.154182.904-9.40.90.4

Motor fuel

318.113315.914308.847-3.7-2.9-2.2

Gasoline (all types)

317.962315.942309.081-3.4-2.8-2.2

Gasoline, unleaded regular(4)

309.707307.614300.640-3.5-2.9-2.3

Gasoline, unleaded midgrade(4)(5)

371.949370.426364.001-2.1-2.1-1.7

Gasoline, unleaded premium(4)

351.183350.179345.512-1.2-1.6-1.3

Medical care

554.309553.730554.1222.40.00.1

Medical care commodities

394.544396.163396.4702.20.50.1

Medical care services

607.215605.878606.2982.5-0.20.1

Professional services

465.922466.660467.1811.50.30.1

Recreation(3)

141.574140.346139.900-0.3-1.2-0.3

Education and communication(3)

143.219142.714142.9540.4-0.20.2

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

1,313.3821,315.3531,319.1533.70.40.3

Other goods and services

548.712550.401553.1266.90.80.5

Commodity and service group

Commodities

218.294218.070217.539-0.6-0.3-0.2

Commodities less food and beverages

174.244173.772172.951-2.0-0.7-0.5

Nondurables less food and beverages

229.684229.191226.9910.3-1.2-1.0

Durables

121.237120.827120.977-4.8-0.20.1

Services

363.071364.572365.9524.50.80.4

Special aggregate indexes

All items less shelter

271.447271.207271.2680.9-0.10.0

All items less medical care

277.296277.997278.4242.50.40.2

Commodities less food

177.960177.504176.710-1.9-0.7-0.4

Nondurables

271.290271.258270.2141.2-0.4-0.4

Nondurables less food

233.177232.728230.6740.4-1.1-0.9

Services less rent of shelter(2)

388.728388.490389.8903.00.30.4

Services less medical care services

344.976346.701348.1594.80.90.4

Energy

263.114263.738263.706-0.80.20.0

All items less energy

295.989296.636297.1062.70.40.2

All items less food and energy

293.469294.132294.6162.90.40.2

(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: Thursday, July 11, 2024