Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

News Release Information

24-40-KAN
Thursday, January 11, 2024

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

Consumer Price Index, St. Louis area – December 2023

Area prices fell 0.2 percent in November and December, up 2.8 percent over the year

Prices in the St. Louis area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 0.2 percent for the two months ending in December 2023, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Michael Hirniak noted that the energy index declined 7.1 percent, almost entirely due to falling gasoline prices. The food index decreased 0.3 percent over the past two months. The all items less food and energy index rose 0.5 percent, mainly due to increasing costs for shelter. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U advanced 2.8 percent. (See chart 1 and table 1.) The index for all items less food and energy was up 3.6 percent over the year, while food prices rose 0.2 percent. Energy prices declined 0.6 percent, largely the result of a decrease in the price of electricity.

Food

Food prices fell 0.3 percent for the two months ending in December. Prices for food at home (grocery store prices) decreased 0.7 percent, while prices for food away from home (restaurant, cafeteria, and vending purchases) increased 0.4 percent for the same period. Within the food a home category, the index for cereals and bakery products (-4.1 percent) and other food at home (-0.9 percent) contributed most to the decline in the index; the indexes for meats, poultry, fish, and eggs (+1.1 percent) and dairy and related products (+0.7 percent) partially offset the decline.

Over the year, food prices advanced 0.2 percent. Prices for food at home advanced 0.8 percent since a year ago, and prices for food away from home declined 0.6 percent.

Energy

The energy index decreased 7.1 percent for the two months ending in December. The decline was mainly due to lower prices for gasoline (-15.1 percent); prices for electricity also declined (-0.1 percent). Slightly offsetting the decrease, the index for natural gas service increased 2.3 percent over the two-month period.

From December 2022 to December 2023, energy prices declined 0.6 percent, largely due to lower prices for electricity (-1.3 percent). Prices paid for natural gas service fell 0.8 percent, while prices for gasoline rose 0.5 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 0.5 percent in the latest two-month period. Higher prices for shelter (+1.2 percent), recreation (+0.3 percent), and public transportation were partially offset by lower prices for apparel (-5.8 percent), new vehicles (-0.9 percent), and household furnishings and operations (-0.7 percent).

Over the year, the index for all items less food and energy rose 3.6 percent. Components contributing most to the increase included owners’ equivalent rent of residences (+6.1 percent), rent of primary residence (+5.3 percent) and other goods and services (+4.2 percent). Partly offsetting the increases were price decreases in medical care services, and education and communication (-1.9 percent).

The February 2024 Consumer Price Index for the St. Louis area is scheduled to be released on Tuesday, March 12, 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 St. Louis, MO-IL, area covered in this release includes Bond, Calhoun, Clinton, Jersey, Macoupin, Madison, Monroe, and St. Clair counties in Illinois; and Franklin, Jefferson, Lincoln, St. Charles, St. Louis, and Warren counties and St. Louis City in Missouri.

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,
St. Louis, MO-IL (1982-84=100 unless otherwise noted)
Item and Group Indexes Percent change from -
Oct.
2023
Nov.
2023
Dec.
2023
Dec.
2022
Oct.
2023
Nov.
2023

All items

277.471 - 276.991 2.8 -0.2 -

All items (1967 = 100)

824.136 - 822.710      

Food and beverages

327.485 - 327.316 0.4 -0.1 -

Food

327.330 - 326.357 0.2 -0.3 -

Food at home

294.645 292.074 292.448 0.8 -0.7 0.1

Cereals and bakery products

264.325 253.561 253.546 1.9 -4.1 0.0

Meats, poultry, fish, and eggs

285.565 285.457 288.848 -1.4 1.1 1.2

Dairy and related products

190.040 189.663 191.388 -1.1 0.7 0.9

Fruits and vegetables

424.130 429.384 423.200 0.0 -0.2 -1.4

Nonalcoholic beverages and beverage materials(1)

227.285 221.065 224.120 2.5 -1.4 1.4

Other food at home

315.471 313.381 312.579 2.2 -0.9 -0.3

Food away from home

382.729 - 384.243 -0.6 0.4 -

Alcoholic beverages

291.749 - 305.390 4.2 4.7 -

Housing

270.553 - 273.095 4.8 0.9 -

Shelter

320.719 324.727 324.619 5.7 1.2 0.0

Rent of primary residence

295.874 297.875 297.692 5.3 0.6 -0.1

Owners' equivalent rent of residences(2)

337.885 341.128 341.321 6.1 1.0 0.1

Owners' equivalent rent of primary residence(2)

337.885 341.128 341.321 6.1 1.0 0.1

Fuels and utilities

260.295 - 262.424 1.0 0.8 -

Household energy

224.748 225.042 226.429 -1.3 0.7 0.6

Energy services

226.909 227.035 228.688 -1.1 0.8 0.7

Electricity

213.028 213.347 212.910 -1.3 -0.1 -0.2

Utility (piped) gas service

211.213 210.962 216.148 -0.8 2.3 2.5

Household furnishings and operations

142.219 - 141.261 3.0 -0.7 -

Apparel

148.110 - 139.562 0.5 -5.8 -

Transportation

246.981 - 241.609 5.3 -2.2 -

Private transportation

254.298 - 247.744 5.4 -2.6 -

New and used motor vehicles(3)

119.824 - 119.059 0.0 -0.6 -

New vehicles(1)

265.338 - 263.014 1.2 -0.9 -

Used cars and trucks(1)

400.683 - 403.693 -1.2 0.8 -

Motor fuel

324.245 297.930 275.647 0.1 -15.0 -7.5

Gasoline (all types)

317.950 291.844 269.945 0.5 -15.1 -7.5

Gasoline, unleaded regular(4)

305.676 280.133 258.749 0.4 -15.4 -7.6

Gasoline, unleaded midgrade(4)(5)

383.039 354.644 330.559 1.1 -13.7 -6.8

Gasoline, unleaded premium(4)

330.895 308.735 289.724 1.6 -12.4 -6.2

Medical care

502.477 - 500.265 -2.6 -0.4 -

Recreation(3)

134.577 - 134.962 2.0 0.3 -

Education and communication(3)

151.769 - 151.880 -1.9 0.1 -

Tuition, other school fees, and childcare(1)

1,420.772 - 1,420.999 4.8 0.0 -

Other goods and services

385.032 - 382.409 4.2 -0.7 -

Commodity and service group

Commodities

228.617 - 224.103 0.3 -2.0 -

Commodities less food and beverages

181.517 - 175.580 0.2 -3.3 -

Nondurables less food and beverages

253.241 - 238.273 1.8 -5.9 -

Durables

119.325 - 118.568 -1.2 -0.6 -

Services

328.427 - 331.758 4.5 1.0 -

Special aggregate indexes

All items less shelter

264.763 - 262.681 1.5 -0.8 -

All items less medical care

266.140 - 265.744 3.3 -0.1 -

Commodities less food

186.227 - 180.612 0.3 -3.0 -

Nondurables

289.762 - 282.386 1.0 -2.5 -

Nondurables less food

257.676 - 244.149 1.9 -5.2 -

Services less rent of shelter(2)

344.061 - 347.037 3.3 0.9 -

Services less medical care services

311.950 - 315.636 5.8 1.2 -

Energy

270.301 259.502 251.041 -0.6 -7.1 -3.3

All items less energy

282.164 - 283.099 3.0 0.3 -

All items less food and energy

275.036 - 276.285 3.6 0.5 -

(1) Indexes on an March 1978=100 base.
(2) Indexes on a November 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Index on a December 1993=100.

- Data not available.

 

Last Modified Date: Thursday, January 11, 2024