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Tuesday, October 15, 2024
Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were unchanged in September, the U.S. Bureau of Labor Statistics reported today. (See table A.) A 4.5-percent decrease in the energy index was balanced out by a 0.3-percent advance in the index for all items less food and energy and a 0.5-percent increase in the food index over the month. (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 rose 2.5 percent. (See chart 1.) The index for all items less food and energy increased 3.4 percent over the year, while the food index advanced 2.0 percent. Energy prices declined 5.9 percent, largely the result of a decrease in the index for gasoline. (See table 1.)
FoodFood prices advanced 0.5 percent for the month of September. The index for food at home (grocery store prices) increased 0.7 percent, and the index for food away from home (restaurant, cafeteria, and vending purchases) rose 0.3 percent during the same period. Within the food at home category, the indexes for fruits and vegetables (+1.8 percent) and nonalcoholic beverages and beverage materials (+1.2 percent) led advances.
Over the year, food prices rose 2.0 percent. Prices for food away from home were up 3.4 percent, and prices for food at home advanced 1.2 percent since a year ago. The increase within food at home was led by the index for meats, poultry, fish and eggs, up 3.0 percent.
EnergyThe energy index was down 4.5 percent over the month, largely due to lower prices for gasoline (-8.1 percent). The indexes for natural gas service and electricity also fell, 1.5 percent and 0.5 percent, respectively, for the same period.
From September 2023 to September 2024, energy prices decreased 5.9 percent, almost entirely due to a decline in the gasoline index (-14.3 percent). The indexes for electricity and natural gas service both rose, 2.7 percent and 5.4 percent, respectively, somewhat moderating the fall in prices over the year.
All items less food and energyThe index for all items less food and energy advanced 0.3 percent in September. Higher prices for apparel (+4.1 percent), owners’ equivalent rent of residences (+0.4 percent), and medical care services (+0.7 percent) were partially offset by lower prices for lodging away from home, and recreation (-1.5 percent).
Over the year, the index for all items less food and energy increased 3.4 percent. The increase was primarily led by the index for owners’ equivalent rent of residence (+6.1 percent). A decrease in the index for used cars and trucks (-4.1 percent) led component declines.
Month | 2020 | 2021 | 2022 | 2023 | 2024 | |||||
---|---|---|---|---|---|---|---|---|---|---|
1-month | 12-month | 1-month | 12-month | 1-month | 12-month | 1-month | 12-month | 1-month | 12-month | |
January | 0.4 | 2.5 | 0.5 | 1.2 | 0.8 | 7.9 | 0.8 | 6.0 | 0.3 | 2.7 |
February | 0.3 | 2.1 | 0.8 | 1.7 | 0.9 | 8.0 | 0.5 | 5.6 | 0.6 | 2.8 |
March | -0.5 | 1.0 | 0.7 | 3.0 | 1.3 | 8.6 | 0.6 | 4.9 | 0.7 | 2.8 |
April | -1.1 | -0.4 | 0.8 | 4.9 | 0.5 | 8.2 | 0.6 | 4.9 | 0.5 | 2.8 |
May | 0.3 | -0.4 | 1.0 | 5.6 | 1.5 | 8.8 | 0.3 | 3.7 | 0.2 | 2.7 |
June | 0.8 | 0.4 | 1.0 | 5.8 | 1.6 | 9.5 | 0.4 | 2.4 | 0.1 | 2.5 |
July | 0.5 | 0.7 | 0.6 | 5.9 | -0.2 | 8.6 | 0.3 | 2.9 | 0.5 | 2.7 |
August | 0.4 | 1.1 | 0.2 | 5.7 | -0.2 | 8.1 | 0.2 | 3.4 | 0.1 | 2.6 |
September | 0.2 | 1.3 | 0.2 | 5.7 | 0.2 | 8.1 | 0.1 | 3.2 | 0.0 | 2.5 |
October | -0.1 | 1.0 | 0.8 | 6.6 | 0.1 | 7.4 | -0.1 | 2.9 | ||
November | -0.2 | 1.0 | 0.4 | 7.3 | -0.2 | 6.8 | -0.2 | 2.9 | ||
December | 0.1 | 1.1 | 0.3 | 7.5 | -0.5 | 6.0 | -0.2 | 3.2 |
The October 2024 Consumer Price Index for the Midwest Region is scheduled to be released on Wednesday, November 13, 2024..
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 Consumer Price Index for Midwest is published monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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.
Refer to the national CPI news release technical note or the Handbook of Methods for more information.
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.
Expenditure category | Indexes | Percent change from | ||||
---|---|---|---|---|---|---|
Jul. 2024 | Aug. 2024 | Sep. 2024 | Sep. 2023 | Jul. 2024 | Aug. 2024 | |
All items | 292.256 | 292.559 | 292.547 | 2.5 | 0.1 | 0.0 |
All items (December 1977 = 100) | 475.518 | 476.010 | 475.990 | |||
Food and beverages | 316.712 | 316.497 | 317.971 | 2.0 | 0.4 | 0.5 |
Food | 318.096 | 317.834 | 319.487 | 2.0 | 0.4 | 0.5 |
Food at home | 291.065 | 290.118 | 292.066 | 1.2 | 0.3 | 0.7 |
Cereals and bakery products | 337.720 | 337.602 | 341.091 | 0.6 | 1.0 | 1.0 |
Meats, poultry, fish, and eggs | 318.712 | 318.943 | 321.191 | 3.0 | 0.8 | 0.7 |
Dairy and related products | 247.328 | 245.066 | 247.211 | 0.6 | 0.0 | 0.9 |
Fruits and vegetables | 320.105 | 315.521 | 321.073 | -0.5 | 0.3 | 1.8 |
Nonalcoholic beverages and beverage materials | 214.987 | 213.695 | 216.279 | 2.8 | 0.6 | 1.2 |
Other food at home | 259.462 | 260.038 | 258.809 | 0.6 | -0.3 | -0.5 |
Food away from home | 362.442 | 363.576 | 364.579 | 3.4 | 0.6 | 0.3 |
Alcoholic beverages | 297.190 | 297.625 | 296.625 | 1.4 | -0.2 | -0.3 |
Housing | 293.594 | 294.606 | 294.812 | 4.8 | 0.4 | 0.1 |
Shelter | 354.016 | 355.828 | 355.991 | 5.8 | 0.6 | 0.0 |
Rent of primary residence(1) | 354.887 | 356.635 | 358.075 | 5.7 | 0.9 | 0.4 |
359.460 | 361.819 | 363.237 | 6.1 | 1.1 | 0.4 | |
359.340 | 361.707 | 363.125 | 6.1 | 1.1 | 0.4 | |
Fuels and utilities | 279.655 | 279.047 | 277.552 | 3.3 | -0.8 | -0.5 |
Household energy | 226.939 | 226.283 | 224.609 | 3.1 | -1.0 | -0.7 |
Energy services(1) | 235.403 | 234.765 | 232.890 | 3.5 | -1.1 | -0.8 |
Electricity(1) | 249.365 | 250.510 | 249.192 | 2.7 | -0.1 | -0.5 |
Utility (piped) gas service(1) | 191.239 | 187.353 | 184.593 | 5.4 | -3.5 | -1.5 |
Household furnishings and operations | 139.936 | 139.508 | 140.699 | -0.2 | 0.5 | 0.9 |
Apparel | 119.659 | 120.732 | 125.726 | 2.0 | 5.1 | 4.1 |
Transportation | 264.975 | 263.510 | 260.615 | -1.7 | -1.6 | -1.1 |
Private transportation | 264.951 | 263.155 | 259.598 | -1.7 | -2.0 | -1.4 |
New and used motor vehicles(3) | 125.576 | 124.997 | 125.223 | -1.6 | -0.3 | 0.2 |
New vehicles | 172.502 | 172.280 | 172.094 | -0.9 | -0.2 | -0.1 |
New cars(4) | 167.202 | 166.878 | 166.477 | -1.5 | -0.4 | -0.2 |
Used cars and trucks | 181.078 | 179.554 | 179.779 | -4.1 | -0.7 | 0.1 |
Motor fuel | 315.445 | 308.397 | 283.882 | -14.6 | -10.0 | -7.9 |
Gasoline (all types) | 315.723 | 308.498 | 283.640 | -14.3 | -10.2 | -8.1 |
Gasoline, unleaded regular(4) | 307.217 | 299.753 | 274.918 | -14.7 | -10.5 | -8.3 |
371.445 | 366.284 | 341.214 | -11.4 | -8.1 | -6.8 | |
Gasoline, unleaded premium(4) | 351.741 | 347.946 | 326.835 | -9.6 | -7.1 | -6.1 |
Medical care | 555.500 | 556.448 | 558.850 | 2.3 | 0.6 | 0.4 |
Medical care commodities | 396.575 | 397.125 | 394.872 | 0.1 | -0.4 | -0.6 |
Medical care services | 608.111 | 609.193 | 613.194 | 2.7 | 0.8 | 0.7 |
Professional services | 469.103 | 468.475 | 473.691 | 1.7 | 1.0 | 1.1 |
Recreation(3) | 142.115 | 142.035 | 139.928 | 0.1 | -1.5 | -1.5 |
Education and communication(3) | 143.341 | 143.770 | 143.856 | 0.8 | 0.4 | 0.1 |
Tuition, other school fees, and child care(6) | 1,325.577 | 1,332.734 | 1,351.369 | 3.8 | 1.9 | 1.4 |
Other goods and services | 556.230 | 556.903 | 559.477 | 6.8 | 0.6 | 0.5 |
Commodity and service group | ||||||
Commodities | 218.293 | 217.649 | 216.997 | -1.1 | -0.6 | -0.3 |
Commodities less food and beverages | 173.448 | 172.691 | 171.347 | -2.9 | -1.2 | -0.8 |
Nondurables less food and beverages | 228.187 | 227.260 | 223.541 | -3.2 | -2.0 | -1.6 |
Durables | 120.973 | 120.401 | 120.726 | -2.9 | -0.2 | 0.3 |
Services | 368.160 | 369.409 | 370.034 | 4.9 | 0.5 | 0.2 |
Special aggregate indexes | ||||||
All items less shelter | 272.553 | 272.281 | 272.202 | 1.0 | -0.1 | 0.0 |
All items less medical care | 279.912 | 280.182 | 280.047 | 2.6 | 0.0 | 0.0 |
Commodities less food | 177.214 | 176.480 | 175.136 | -2.8 | -1.2 | -0.8 |
Nondurables | 271.516 | 270.901 | 269.498 | -0.3 | -0.7 | -0.5 |
Nondurables less food | 231.842 | 230.986 | 227.408 | -2.9 | -1.9 | -1.5 |
Services less rent of shelter(2) | 392.319 | 392.957 | 393.972 | 3.8 | 0.4 | 0.3 |
Services less medical care services | 350.404 | 351.668 | 352.033 | 5.2 | 0.5 | 0.1 |
Energy | 267.668 | 264.171 | 252.351 | -5.9 | -5.7 | -4.5 |
All items less energy | 298.385 | 299.026 | 300.056 | 3.2 | 0.6 | 0.3 |
All items less food and energy | 295.870 | 296.655 | 297.588 | 3.4 | 0.6 | 0.3 |
Footnotes | ||||||
Note: Index applies to a month as a whole, not to any specific date. |
Last Modified Date: Tuesday, October 15, 2024