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Wednesday, November 13, 2024
Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were down 0.1 percent in October, the U.S. Bureau of Labor Statistics reported today. (See table A.) The October decrease was influenced by a 1.8-percent decline in the energy index. There was no change in the all items less food and energy index, and a 0.1-percent increase in food 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 2.6 percent. (See chart 1.) The index for all items less food and energy increased 3.1 percent over the year, and food prices rose 2.0 percent. Energy prices declined 2.8 percent, largely the result of a decrease in the index for gasoline. (See table 1.)
FoodFood prices were up 0.1 percent for the month of October. The indexes for food away from home (restaurant, cafeteria, and vending purchases) and food at home (grocery store prices) both advanced 0.1 percent over the month. Within the food at home category, the other food at home index and fruits and vegetables index contributed most to the increase, rising 0.6 percent and 0.5 percent, respectively. The index for meats, poultry, fish, and eggs declined by 1.0 percent for the month of October, almost entirely offsetting increases.
Over the year, food prices rose 2.0 percent. Prices for food away from home advanced 3.0 percent since a year ago, and prices for food at home increased 1.5 percent.
EnergyThe energy index declined 1.8 percent over the month. The decrease was mainly due to lower prices for electricity (-4.1 percent), but gasoline (-1.8 percent) also contributed to the decline. An increase in prices for natural gas service (+3.3 percent) partially offset the decline in October.
From October 2023 to October 2024, energy prices declined 2.8 percent, largely due to lower prices for gasoline (-8.5 percent). Increasing prices for electricity (+2.7 percent) and natural gas service (+5.5 percent) slightly offset the decline.
All items less food and energyThe index for all items less food and energy was unchanged in October. Higher prices for owners’ equivalent rent of residences (+0.5 percent), rent of primary residence (+0.7 percent), and medical care services (+0.3 percent) were offset by lower prices for lodging away from home, education and communication (-0.6 percent), and household furnishings and operations (-0.8 percent).
Over the year, the index for all items less food and energy advanced 3.1 percent. The indexes for owners’ equivalent rent (+6.0 percent), rent of primary residences (+5.9 percent), and medical care services (+2.8 percent) contributed most to the increase.
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 | -0.1 | 2.6 |
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 November 2024 Consumer Price Index for the Midwest Region is scheduled to be released on Wednesday, December 11, 2024.
With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued, and one index title will change.
The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
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 | ||||
---|---|---|---|---|---|---|
Aug. 2024 | Sep. 2024 | Oct. 2024 | Oct. 2023 | Aug. 2024 | Sep. 2024 | |
All items | 292.559 | 292.547 | 292.291 | 2.6 | -0.1 | -0.1 |
All items (December 1977 = 100) | 476.010 | 475.990 | 475.573 | |||
Food and beverages | 316.497 | 317.971 | 318.321 | 2.0 | 0.6 | 0.1 |
Food | 317.834 | 319.487 | 319.824 | 2.0 | 0.6 | 0.1 |
Food at home | 290.118 | 292.066 | 292.313 | 1.5 | 0.8 | 0.1 |
Cereals and bakery products | 337.602 | 341.091 | 340.597 | 1.3 | 0.9 | -0.1 |
Meats, poultry, fish, and eggs | 318.943 | 321.191 | 317.833 | 1.3 | -0.3 | -1.0 |
Dairy and related products | 245.066 | 247.211 | 248.622 | 0.7 | 1.5 | 0.6 |
Fruits and vegetables | 315.521 | 321.073 | 322.683 | 1.4 | 2.3 | 0.5 |
Nonalcoholic beverages and beverage materials | 213.695 | 216.279 | 216.630 | 3.2 | 1.4 | 0.2 |
Other food at home | 260.038 | 258.809 | 260.329 | 1.1 | 0.1 | 0.6 |
Food away from home | 363.576 | 364.579 | 365.086 | 3.0 | 0.4 | 0.1 |
Alcoholic beverages | 297.625 | 296.625 | 297.157 | 1.0 | -0.2 | 0.2 |
Housing | 294.606 | 294.812 | 294.458 | 4.6 | -0.1 | -0.1 |
Shelter | 355.828 | 355.991 | 356.519 | 5.7 | 0.2 | 0.1 |
Rent of primary residence(1) | 356.635 | 358.075 | 360.659 | 5.9 | 1.1 | 0.7 |
361.819 | 363.237 | 365.170 | 6.0 | 0.9 | 0.5 | |
361.707 | 363.125 | 365.057 | 6.0 | 0.9 | 0.5 | |
Fuels and utilities | 279.047 | 277.552 | 273.718 | 3.5 | -1.9 | -1.4 |
Household energy | 226.283 | 224.609 | 220.377 | 3.2 | -2.6 | -1.9 |
Energy services(1) | 234.765 | 232.890 | 228.252 | 3.6 | -2.8 | -2.0 |
Electricity(1) | 250.510 | 249.192 | 238.901 | 2.7 | -4.6 | -4.1 |
Utility (piped) gas service(1) | 187.353 | 184.593 | 190.773 | 5.5 | 1.8 | 3.3 |
Household furnishings and operations | 139.508 | 140.699 | 139.550 | -1.2 | 0.0 | -0.8 |
Apparel | 120.732 | 125.726 | 125.372 | 2.6 | 3.8 | -0.3 |
Transportation | 263.510 | 260.615 | 259.922 | -0.7 | -1.4 | -0.3 |
Private transportation | 263.155 | 259.598 | 258.551 | -0.9 | -1.7 | -0.4 |
New and used motor vehicles(3) | 124.997 | 125.223 | 125.003 | -1.2 | 0.0 | -0.2 |
New vehicles | 172.280 | 172.094 | 171.712 | -1.0 | -0.3 | -0.2 |
New cars(4) | 166.878 | 166.477 | 166.505 | -1.3 | -0.2 | 0.0 |
Used cars and trucks | 179.554 | 179.779 | 179.893 | -2.8 | 0.2 | 0.1 |
Motor fuel | 308.397 | 283.882 | 279.040 | -8.9 | -9.5 | -1.7 |
Gasoline (all types) | 308.498 | 283.640 | 278.599 | -8.5 | -9.7 | -1.8 |
Gasoline, unleaded regular(4) | 299.753 | 274.918 | 269.859 | -8.9 | -10.0 | -1.8 |
366.284 | 341.214 | 336.405 | -6.4 | -8.2 | -1.4 | |
Gasoline, unleaded premium(4) | 347.946 | 326.835 | 322.815 | -5.2 | -7.2 | -1.2 |
Medical care | 556.448 | 558.850 | 560.150 | 1.9 | 0.7 | 0.2 |
Medical care commodities | 397.125 | 394.872 | 394.164 | -2.3 | -0.7 | -0.2 |
Medical care services | 609.193 | 613.194 | 615.184 | 2.8 | 1.0 | 0.3 |
Professional services | 468.475 | 473.691 | 474.159 | 1.8 | 1.2 | 0.1 |
Recreation(3) | 142.035 | 139.928 | 140.443 | 1.0 | -1.1 | 0.4 |
Education and communication(3) | 143.770 | 143.856 | 142.926 | -0.1 | -0.6 | -0.6 |
Tuition, other school fees, and child care(6) | 1,332.734 | 1,351.369 | 1,351.395 | 3.1 | 1.4 | 0.0 |
Other goods and services | 556.903 | 559.477 | 559.032 | 5.3 | 0.4 | -0.1 |
Commodity and service group | ||||||
Commodities | 217.649 | 216.997 | 216.544 | -0.6 | -0.5 | -0.2 |
Commodities less food and beverages | 172.691 | 171.347 | 170.644 | -2.2 | -1.2 | -0.4 |
Nondurables less food and beverages | 227.260 | 223.541 | 221.893 | -2.0 | -2.4 | -0.7 |
Durables | 120.401 | 120.726 | 120.704 | -2.7 | 0.3 | 0.0 |
Services | 369.409 | 370.034 | 369.973 | 4.6 | 0.2 | 0.0 |
Special aggregate indexes | ||||||
All items less shelter | 272.281 | 272.202 | 271.642 | 1.1 | -0.2 | -0.2 |
All items less medical care | 280.182 | 280.047 | 279.711 | 2.6 | -0.2 | -0.1 |
Commodities less food | 176.480 | 175.136 | 174.457 | -2.1 | -1.1 | -0.4 |
Nondurables | 270.901 | 269.498 | 268.737 | 0.2 | -0.8 | -0.3 |
Nondurables less food | 230.986 | 227.408 | 225.874 | -1.7 | -2.2 | -0.7 |
Services less rent of shelter(2) | 392.957 | 393.972 | 393.211 | 3.3 | 0.1 | -0.2 |
Services less medical care services | 351.668 | 352.033 | 351.812 | 4.8 | 0.0 | -0.1 |
Energy | 264.171 | 252.351 | 247.821 | -2.8 | -6.2 | -1.8 |
All items less energy | 299.026 | 300.056 | 300.173 | 3.0 | 0.4 | 0.0 |
All items less food and energy | 296.655 | 297.588 | 297.672 | 3.1 | 0.3 | 0.0 |
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator. | ||||||
Note: Index applies to a month as a whole, not to any specific date. |
Last Modified Date: Wednesday, November 13, 2024