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News Release Information

20-1538-KAN
Wednesday, August 12, 2020

Contacts

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

Consumer Price Index, Midwest Region – July 2020

Area prices up 0.5 percent over the month and up 0.7 percent over the year

Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.5 percent in July, the U.S. Bureau of Labor Statistics reported today. (See table A.) The July increase was influenced by higher prices for motor fuel, as well as non-energy sub-components within transportation. (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 0.7 percent. (See chart 1 and table A.) The index for all items less food and energy increased 1.6 percent over the year. Food prices rose 3.4 percent. Energy prices fell 12.6 percent, largely the result of a decrease in the price of gasoline. (See table 1.)

Food

Food prices decreased 0.3 percent for the month of July. (See table 1.) Prices for food at home declined 1.0 percent, and prices for food away from home rose 0.7 percent for the same period.

Over the year, food prices rose 3.4 percent. Prices for food at home advanced 4.3 percent since a year ago, and prices for food away from home increased 2.3 percent.

Energy

The energy index advanced 1.5 percent over the month. The increase was mainly due to higher prices for gasoline (3.9 percent). Prices for electricity rose 0.5 percent, while prices for natural gas service decreased 2.1 percent for the same period.

Energy prices fell 12.6 percent over the year, largely due to lower prices for gasoline (-22.1 percent). Prices paid for electricity decreased 1.2 percent, and prices for natural gas service decreased 2.3 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.5 percent in July. Higher prices for motor vehicle insurance (11.2 percent) and new and used motor vehicles (2.1 percent) were partially offset by lower prices for recreation (-1.3 percent).

Over the year, the index for all items less food and energy increased 1.6 percent. Components contributing the most to the increase included shelter (2.0 percent) and medical care services (6.2 percent). Partly offsetting the increases was a price decrease in apparel (-6.8 percent).

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2016 2017 2018 2019 2020
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

-0.3 0.8 0.7 2.2 0.4 1.6 -0.2 0.8 0.4 2.5

February

0.2 0.4 0.8 2.4 0.9 1.7 0.9 1.3 0.3 2.1

March

0.6 0.5 0.2 1.9 0.4 1.8 1.3 1.7 -0.5 1.0

April

1.1 0.8 0.5 1.8 0.6 1.8 0.9 1.5 -1.1 -0.4

May

0.8 0.8 0.4 1.4 0.9 2.3 0.6 1.3 0.3 -0.4

June

1.0 0.8 0.0 0.9 0.7 2.5 0.3 1.2 0.8 0.4

July

0.1 0.4 0.1 1.3 0.1 2.4 0.2 1.5 0.5 0.7

August

-0.3 0.6 0.3 1.5 -0.1 2.1 0.2 1.5

September

0.4 1.1 0.5 1.5 0.1 1.9 0.0 1.4

October

0.1 1.0 0.1 1.5 0.2 2.2 0.2 1.5

November

-0.4 1.2 0.0 1.9 -0.5 1.4 0.0 1.9

December

-0.2 1.8 0.0 1.7 -0.9 1.3 -0.2 2.3

The August 2020 Consumer Price Index for the Midwest Region is scheduled to be released on Friday, September 11, 2020.

Coronavirus (COVID-19) Pandemic Impact on July 2020 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in July was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at https://www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


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 population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 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 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 (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/pdf/homch17.pdf.

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 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 Region, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
May
2020
Jun.
2020
Jul.
2020
Jul.
2019
May
2020
Jun.
2020

All items

237.291 239.259 240.430 0.7 1.3 0.5

All items (December 1977 = 100)

386.086 389.287 391.193      

Food and beverages

255.163 256.156 255.651 3.3 0.2 -0.2

Food

255.009 255.935 255.251 3.4 0.1 -0.3

Food at home

238.881 238.991 236.510 4.3 -1.0 -1.0

Cereals and bakery products

262.661 263.866 263.315 1.1 0.2 -0.2

Meats, poultry, fish, and eggs

277.320 284.075 270.371 9.0 -2.5 -4.8

Dairy and related products

205.984 205.087 205.139 5.0 -0.4 0.0

Fruits and vegetables

276.653 270.590 270.542 1.5 -2.2 0.0

Nonalcoholic beverages and beverage materials

168.831 168.144 168.582 3.1 -0.1 0.3

Other food at home

205.651 204.792 205.355 4.0 -0.1 0.3

Food away from home

282.357 284.520 286.524 2.3 1.5 0.7

Alcoholic beverages

255.647 257.467 259.202 1.6 1.4 0.7

Housing

236.766 237.990 238.178 1.7 0.6 0.1

Shelter

285.288 286.137 286.463 2.0 0.4 0.1

Rent of primary residence(1)

286.833 287.804 288.153 3.3 0.5 0.1

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

291.630 292.443 292.860 2.9 0.4 0.1

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

291.555 292.368 292.780 2.9 0.4 0.1

Fuels and utilities

219.552 224.767 224.181 -0.6 2.1 -0.3

Household energy

174.911 180.265 179.607 -1.7 2.7 -0.4

Energy services(1)

182.028 187.706 187.152 -1.5 2.8 -0.3

Electricity(1)

201.876 211.431 212.409 -1.2 5.2 0.5

Utility (piped) gas service(1)

138.616 137.785 134.840 -2.3 -2.7 -2.1

Household furnishings and operations

117.020 117.208 117.419 2.1 0.3 0.2

Apparel

106.846 105.982 106.074 -6.8 -0.7 0.1

Transportation

183.753 189.894 195.695 -5.6 6.5 3.1

Private transportation

181.347 187.562 193.504 -4.5 6.7 3.2

New and used motor vehicles(3)

97.553 97.565 99.656 1.2 2.2 2.1

New vehicles

138.248 138.803 140.327 2.0 1.5 1.1

New cars and trucks(3)(4)

97.736 98.126 99.192 2.0 1.5 1.1

New cars(4)

135.386 136.532 139.099 3.9 2.7 1.9

Used cars and trucks

137.421 135.976 141.128 -0.6 2.7 3.8

Motor fuel

165.162 187.467 194.554 -22.1 17.8 3.8

Gasoline (all types)

163.573 186.295 193.576 -22.1 18.3 3.9

Gasoline, unleaded regular(4)

158.112 180.505 187.675 -22.5 18.7 4.0

Gasoline, unleaded midgrade(4)(5)

195.278 222.849 230.053 -20.0 17.8 3.2

Gasoline, unleaded premium(4)

193.170 214.002 221.246 -18.5 14.5 3.4

Motor vehicle insurance(6)

608.167 661.029 735.087 0.5 20.9 11.2

Medical care

515.567 517.940 519.089 4.8 0.7 0.2

Medical care commodities

381.313 382.917 383.436 -1.4 0.6 0.1

Medical care services

560.384 563.012 564.365 6.2 0.7 0.2

Professional services

427.548 428.816 429.462 1.9 0.4 0.2

Recreation(3)

123.004 123.040 121.476 0.2 -1.2 -1.3

Education and communication(3)

138.892 139.006 140.550 2.6 1.2 1.1

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

1,199.684 1,203.348 1,207.969 1.1 0.7 0.4

Other goods and services

444.549 447.885 446.854 2.5 0.5 -0.2

Commodity and service group

Commodities

175.525 177.371 178.516 -1.3 1.7 0.6

Commodities less food and beverages

138.769 140.840 142.530 -4.0 2.7 1.2

Nondurables less food and beverages

174.352 179.304 181.492 -8.3 4.1 1.2

Durables

101.686 101.808 103.008 1.0 1.3 1.2

Services

301.252 303.312 304.487 2.0 1.1 0.4

Special aggregate indexes

All items less shelter

222.583 224.930 226.387 0.1 1.7 0.6

All items less medical care

224.095 226.046 227.220 0.3 1.4 0.5

Commodities less food

142.313 144.385 146.082 -3.8 2.6 1.2

Nondurables

213.574 216.663 217.579 -2.2 1.9 0.4

Nondurables less food

178.893 183.633 185.786 -7.5 3.9 1.2

Services less rent of shelter(2)

327.416 330.832 332.955 1.9 1.7 0.6

Services less medical care services

281.842 283.866 285.032 1.4 1.1 0.4

Energy

170.732 183.717 186.542 -12.6 9.3 1.5

All items less energy

246.660 247.634 248.668 1.8 0.8 0.4

All items less food and energy

245.905 246.892 248.233 1.6 0.9 0.5

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) 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: Wednesday, August 12, 2020