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Wednesday, June 14, 2017

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Consumer Price Index, Midwest Region – May 2017

Prices in the Midwest unchanged in May and 1.4 percent higher over the year

The May Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was unchanged due to offsetting movements within the index, the U.S. Bureau of Labor Statistics reported today. Higher costs for shelter (0.4 percent) and lower prices for gasoline (-3.3 percent) had the largest impact on the overall index. Despite the rise in shelter costs, the broader all items less food and energy index was unchanged in May. Food prices increased 0.2 percent over the month, but energy prices were 0.7 percent lower reflecting the decline in gasoline prices. (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 rose 1.4 percent from May 2016 to May 2017. (See chart 1 and table A.) The energy index, which includes motor fuel and household fuels, was up 4.1 percent and food prices increased 0.4 percent. Excluding food and energy, the CPI-U advanced 1.4 percent over the year. (See table 1.)

Food

Food prices in the Midwest increased 0.2 percent in May. The index for food at home rose 0.3 percent after registering no change in the prior month. Costs for food away from home were unchanged.

From May 2016 to May 2017, the index for food was 0.4 percent higher attributable to an increase of 1.4 percent in costs for food away from home. Prices for food at home were down 0.2 percent; this over-the-year measure has declined every month since October 2015.

Energy

The energy index turned down 0.7 percent in May after increasing 2.4 percent in April. Lower prices for gasoline, down 3.3 percent, were largely responsible for the decrease in the energy component. Prices for electricity and utility (piped) gas service rose 2.0 and 1.2 percent, respectively.

Energy costs increased 4.1 percent from May 2016 to May 2017 led by a 15.4-percent rise in costs for utility (piped) gas service. Higher prices for gasoline (2.4 percent) and electricity (1.3 percent) also contributed to the over-the-year increase.

All items less food and energy

The index for all items less food and energy for the Midwest was unchanged in May following an increase of 0.2 percent in April. Shelter costs advanced 0.4 percent and had the largest upward impact on the index for May. Expenditure categories registering lower prices over the month included apparel (-1.5 percent), recreation (-0.4 percent), and new vehicles (-0.5 percent).

The index for all items less food and energy was up 1.4 percent from May 2016 to May 2017. Higher costs for shelter (2.8 percent) led the advance.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 229.705 in May 2017. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $229.71 in May 2017.

CPI-W

In May, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 223.575, unchanged over the month. The CPI-W increased 1.2 percent over the year.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2013 2014 2015 2016 2017
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.1 1.3 0.5 1.4 -0.6 -0.3 0.3 0.8 0.7 2.2

February

1.1 2.2 0.6 0.9 0.3 -0.5 0.0 0.4 0.2 2.4

March

0.2 1.4 0.9 1.5 0.6 -0.9 0.6 0.5 0.1 1.9

April

-0.1 1.2 0.3 1.9 0.1 -1.1 0.4 0.8 0.4 1.8

May

0.5 1.8 0.2 1.6 0.4 -0.8 0.4 0.8 0.0 1.4

June

0.3 2.2 0.5 1.7 0.5 -0.7 0.6 0.8    

July

-0.4 1.8 -0.3 1.8 0.0 -0.5 -0.5 0.4    

August

0.1 1.2 -0.2 1.6 0.0 -0.3 0.1 0.6    

September

0.1 1.0 0.1 1.6 -0.3 -0.8 0.2 1.1    

October

-0.5 0.8 -0.5 1.6 -0.1 -0.3 -0.1 1.0    

November

-0.2 1.0 -0.6 1.2 -0.5 -0.2 -0.3 1.2    

December

-0.2 1.0 -0.7 0.7 -0.6 0.0 0.1 1.8    

The June 2017 Consumer Price Index for the Midwest region is scheduled to be released on Friday, July 14, 2017.


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 28 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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/homch17_a.htm.

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 areas; 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.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Midwest (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Mar.
2017
Apr.
2017
May
2017
May
2016
Mar.
2017
Apr.
2017

Expenditure category

 
 

All Items

228.824 229.682 229.705 1.4 0.4 0.0

All items (December 1977=100)

372.309 373.705 373.743      

Food and beverages

240.842 241.056 241.489 0.5 0.3 0.2

Food

240.330 240.532 240.989 0.4 0.3 0.2

Food at home

225.919 226.011 226.674 -0.2 0.3 0.3

Food away from home

264.553 264.944 265.048 1.4 0.2 0.0

Alcoholic beverages

245.680 246.063 246.153 0.7 0.2 0.0

Housing

219.759 220.351 221.420 2.7 0.8 0.5

Shelter

260.312 261.077 262.233 2.8 0.7 0.4

Rent of primary residence(1)

259.587 260.446 261.025 3.0 0.6 0.2

Owners' equiv. rent of residences(1)(2)

264.395 265.072 265.570 2.7 0.4 0.2

Owners' equiv. rent of primary residence(1)(2)

264.370 265.044 265.537 2.7 0.4 0.2

Fuels and utilities

217.084 217.646 220.578 5.1 1.6 1.3

Household energy

177.386 177.850 180.686 5.5 1.9 1.6

Energy services(1)

184.406 184.941 188.212 5.4 2.1 1.8

Electricity(1)

198.192 199.158 203.168 1.3 2.5 2.0

Utility (piped) gas service(1)

150.422 150.223 152.087 15.4 1.1 1.2

Household furnishings and operations

114.349 114.475 114.194 -0.5 -0.1 -0.2

Apparel

118.906 121.045 119.265 0.3 0.3 -1.5

Transportation

195.223 197.985 196.661 0.6 0.7 -0.7

Private transportation

189.455 191.861 190.495 0.8 0.5 -0.7

New and used motor vehicles(3)

97.259 97.357 97.292 -1.9 0.0 -0.1

New vehicles

139.876 139.372 138.683 -0.7 -0.9 -0.5

New cars and trucks(3)(4)

98.802 98.443 97.982 -0.7 -0.8 -0.5

New cars(4)

136.562 136.270 135.482 0.0 -0.8 -0.6

Used cars and trucks

139.845 140.920 141.096 -4.6 0.9 0.1

Motor fuel

206.882 216.986 209.895 2.5 1.5 -3.3

Gasoline (all types)

205.745 215.921 208.788 2.4 1.5 -3.3

Gasoline, unleaded regular(4)

199.746 210.112 202.827 2.1 1.5 -3.5

Gasoline, Unleaded midgrade(4)(5)

241.431 249.021 243.102 2.7 0.7 -2.4

Gasoline, unleaded premium(4)

229.830 238.399 233.053 3.9 1.4 -2.2

Medical Care

479.253 479.011 478.245 2.4 -0.2 -0.2

Medical care commodities

389.610 389.171 388.795 4.0 -0.2 -0.1

Medical care services

509.274 509.103 508.201 2.0 -0.2 -0.2

Professional services

414.303 415.167 415.343 2.2 0.3 0.0

Recreation(3)

121.447 121.578 121.097 1.8 -0.3 -0.4

Education and communication(3)

137.614 136.820 136.537 -2.7 -0.8 -0.2

Other goods and services

412.323 413.453 414.166 1.5 0.4 0.2
 

Commodity and Service Group

 
 

All Items

228.824 229.682 229.705 1.4 0.4 0.0

Commodities

176.752 177.904 177.144 0.0 0.2 -0.4

Commodities less food & beverages

145.677 147.169 145.955 -0.3 0.2 -0.8

Nondurables less food & beverages

188.947 192.108 189.499 1.1 0.3 -1.4

Nondurables less food, beverages, and apparel

234.914 238.749 235.593 1.3 0.3 -1.3

Durables

103.652 103.805 103.708 -2.2 0.1 -0.1

Services

282.517 283.077 283.900 2.4 0.5 0.3

Rent of shelter(2)

267.501 268.285 269.496 2.8 0.7 0.5

Transportation services

304.921 307.524 308.659 2.7 1.2 0.4

Other services

335.480 334.651 333.809 0.4 -0.5 -0.3
 

Special aggregate indexes:

 
 

All items less medical care

216.968 217.879 217.940 1.3 0.4 0.0

All items less food

226.834 227.797 227.750 1.6 0.4 0.0

All items less shelter

219.735 220.635 220.255 0.9 0.2 -0.2

Commodities less food

148.811 150.281 149.095 -0.3 0.2 -0.8

Nondurables

214.506 216.276 215.106 0.7 0.3 -0.5

Nondurables less food

191.943 194.949 192.491 1.1 0.3 -1.3

Nondurables less food and apparel

234.487 237.998 235.144 1.3 0.3 -1.2

Services less rent of shelter(2)

315.348 315.697 316.146 1.9 0.3 0.1

Services less medical care services

265.616 266.229 267.175 2.4 0.6 0.4

Energy

190.872 195.496 194.062 4.1 1.7 -0.7

All items less energy

235.410 235.908 236.075 1.2 0.3 0.1

All items less food and energy

235.232 235.785 235.900 1.4 0.3 0.0

Commodities less food and energy commodities

144.920 145.431 144.929 -0.8 0.0 -0.3

Energy commodities

206.720 216.339 209.325 2.7 1.3 -3.2

Services less energy services

295.040 295.607 296.177 2.2 0.4 0.2

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is 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.
 

Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

Table 2. Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W): Indexes and percent changes for selected periods

Midwest (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Mar.
2017
Apr.
2017
May
2017
May
2016
Mar.
2017
Apr.
2017

Expenditure category

 
 

All Items

222.671 223.577 223.575 1.2 0.4 0.0

All items (December 1977=100)

360.109 361.573 361.571      

Food and beverages

240.395 240.588 241.107 0.3 0.3 0.2

Food

239.831 240.033 240.581 0.3 0.3 0.2

Food at home

226.238 226.316 227.031 -0.3 0.4 0.3

Food away from home

265.546 266.003 266.201 1.3 0.2 0.1

Alcoholic beverages

247.850 247.886 247.930 0.8 0.0 0.0

Housing

214.753 215.300 216.239 2.7 0.7 0.4

Shelter

249.247 249.938 250.764 2.7 0.6 0.3

Rent of primary residence(1)

260.233 261.098 261.657 3.0 0.5 0.2

Owners' equiv. rent of residences(1)(2)

246.367 246.979 247.408 2.7 0.4 0.2

Owners' equiv. rent of primary residence(1)(2)

246.361 246.972 247.401 2.7 0.4 0.2

Fuels and utilities

218.253 218.824 221.758 5.0 1.6 1.3

Household energy

178.265 178.752 181.549 5.4 1.8 1.6

Energy services(1)

183.871 184.412 187.606 5.1 2.0 1.7

Electricity(1)

196.622 197.468 201.420 1.2 2.4 2.0

Utility (piped) gas service(1)

151.742 151.719 153.407 15.6 1.1 1.1

Household furnishings and operations

112.114 112.176 112.003 -0.9 -0.1 -0.2

Apparel

116.868 119.304 117.574 0.5 0.6 -1.5

Transportation

191.812 194.703 193.291 0.3 0.8 -0.7

Private transportation

188.251 191.008 189.555 0.4 0.7 -0.8

New and used motor vehicles(3)

96.655 96.914 96.952 -2.6 0.3 0.0

New vehicles

143.165 142.541 141.898 -0.8 -0.9 -0.5

Used cars and trucks

140.374 141.436 141.604 -4.6 0.9 0.1

Motor fuel

207.244 217.303 210.279 2.3 1.5 -3.2

Gasoline (all types)

206.006 216.135 209.080 2.3 1.5 -3.3

Gasoline, unleaded regular(4)

199.830 210.151 202.965 2.1 1.6 -3.4

Gasoline, unleaded midgrade(4)(5)

241.333 248.767 242.796 2.6 0.6 -2.4

Gasoline, unleaded premium(4)

229.518 237.977 232.684 3.8 1.4 -2.2

Medical Care

484.826 484.383 483.564 2.3 -0.3 -0.2

Medical care commodities

381.467 380.291 380.008 3.7 -0.4 -0.1

Medical care services

516.796 516.619 515.617 2.0 -0.2 -0.2

Professional services

416.540 417.329 417.520 2.1 0.2 0.0

Recreation(3)

116.727 117.073 117.037 1.7 0.3 0.0

Education and communication(3)

128.624 127.522 127.204 -3.8 -1.1 -0.2

Other goods and services

460.521 462.509 463.284 2.0 0.6 0.2
 

Commodity and Service Group

 
 

All Items

222.671 223.577 223.575 1.2 0.4 0.0

Commodities

178.934 180.335 179.541 -0.1 0.3 -0.4

Commodities less food & beverages

149.107 150.940 149.654 -0.4 0.4 -0.9

Nondurables less food & beverages

196.177 200.045 197.108 1.3 0.5 -1.5

Nondurables less food, beverages, and apparel

245.039 249.799 246.119 1.5 0.4 -1.5

Durables

105.278 105.523 105.512 -2.7 0.2 0.0

Services

274.338 274.739 275.578 2.2 0.5 0.3

Rent of shelter(2)

247.646 248.332 249.162 2.8 0.6 0.3

Transportation services

305.842 307.520 308.970 3.1 1.0 0.5

Other services

307.696 306.731 306.541 -0.4 -0.4 -0.1
 

Special aggregate indexes:

 
 

All items less medical care

212.623 213.580 213.610 1.1 0.5 0.0

All items less food

219.180 220.195 220.105 1.4 0.4 0.0

All items less shelter

215.620 216.612 216.315 0.6 0.3 -0.1

Commodities less food

152.064 153.866 152.603 -0.4 0.4 -0.8

Nondurables

218.557 220.693 219.389 0.8 0.4 -0.6

Nondurables less food

198.812 202.491 199.701 1.2 0.4 -1.4

Nondurables less food and apparel

243.689 248.062 244.688 1.4 0.4 -1.4

Services less rent of shelter(2)

278.009 278.068 278.841 1.7 0.3 0.3

Services less medical care services

258.341 258.774 259.720 2.2 0.5 0.4

Energy

190.961 195.884 194.116 3.8 1.7 -0.9

All items less energy

228.435 228.871 229.080 1.0 0.3 0.1

All items less food and energy

226.299 226.778 226.924 1.1 0.3 0.1

Commodities less food and energy commodities

147.582 148.189 147.789 -1.1 0.1 -0.3

Energy commodities

207.152 216.746 209.868 2.7 1.3 -3.2

Services less energy services

286.307 286.692 287.247 2.0 0.3 0.2

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is on a December 1984=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.
 

Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Wednesday, June 14, 2017