News Release Information

18-1005-KAN
Tuesday, June 12, 2018

Contacts

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

Consumer Price Index, Midwest Region – May 2018

Prices in the Midwest up 0.5 percent in May and 2.3 percent higher over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest rose 0.5 percent in May, the U.S. Bureau of Labor Statistics reported today. Higher prices for gasoline (7.7 percent) led the increase. Overall, energy costs were up 5.0 percent. Prices for food declined 0.2 percent. The index for all items less food and energy increased 0.2 percent over the month. (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 advanced 2.3 percent from May 2017 to May 2018. (See chart 1 and table A.) The energy index, which includes motor fuel and household fuels, rose 11.3 percent and food prices increased 1.0 percent. Excluding food and energy, the CPI-U was up 1.7 percent over the year. (See table 1.)

Food

Food prices in the Midwest turned down 0.2 percent in May after rising 0.5 percent in April. Costs for food at home were down 0.6 percent following a gain of 0.9 percent in the prior month. Prices for food away from home rose 0.4 percent in May after registering little change (0.1 percent) in April.

From May 2017 to May 2018, the index for food was 1.0 percent higher. Prices for food away from home rose 2.4 percent and prices for food at home were virtually unchanged (-0.1 percent).

Energy

The energy index increased 5.0 percent in May after turning up 2.5 percent in April. Higher costs for gasoline (7.7 percent) were largely responsible for the May increase. Costs for electricity and utility (piped) gas service rose 2.6 and 0.2 percent, respectively, after both indexes registered declines in the prior month.

Energy costs advanced 11.3 percent from May 2017 to May 2018 led by a 23.2-percent increase in gasoline prices. Electricity prices were up 0.3 percent over the year, but costs for utility (piped) gas service were 3.0 percent lower.

All items less food and energy

The index for all items less food and energy for the Midwest was up 0.2 percent in May following a gain of the same magnitude in the prior month. Higher costs for shelter (0.4 percent) and medical care (0.5 percent) had the largest upward impacts on the index. Prices for apparel (-1.0 percent), used cars and trucks (-0.9 percent), and household furnishings and operations (-0.6 percent) were among those that declined in May.

The index for all items less food and energy was up 1.7 percent from May 2017 to May 2018. Higher costs for shelter (3.1 percent) led the over-the-year increase.

The Midwest Consumer Price Index for All Urban Consumers (-U) stood at 235.065 in May 2018. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $235.07 in May 2018.

CPI-W

In May, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 229.495. The CPI-W increased 0.6 percent in May and rose 2.6 percent over the year.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2014 2015 2016 2017 2018
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 1.4 -0.6 -0.3 0.3 0.8 0.7 2.2 0.6 1.6

February

0.6 0.9 0.3 -0.5 0.0 0.4 0.2 2.4 0.2 1.7

March

0.9 1.5 0.6 -0.9 0.6 0.5 0.1 1.9 0.2 1.8

April

0.3 1.9 0.1 -1.1 0.4 0.8 0.4 1.8 0.4 1.8

May

0.2 1.6 0.4 -0.8 0.4 0.8 0.0 1.4 0.5 2.3

June

0.5 1.7 0.5 -0.7 0.6 0.8 0.0 0.9

July

-0.3 1.8 0.0 -0.5 -0.5 0.4 0.0 1.3

August

-0.2 1.6 0.0 -0.3 0.1 0.6 0.3 1.5

September

0.1 1.6 -0.3 -0.8 0.2 1.1 0.3 1.5

October

-0.5 1.6 -0.1 -0.3 -0.1 1.0 -0.2 1.5

November

-0.6 1.2 -0.5 -0.2 -0.3 1.2 0.2 1.9

December

-0.7 0.7 -0.6 0.0 0.1 1.8 -0.2 1.7

The June 2018 Consumer Price Index for the Midwest region is scheduled to be released on Thursday, July 12, 2018.


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 5,000 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
Mar.
2018
Apr.
2018
May
2018
May
2017
Mar.
2018
Apr.
2018

All items

232.931 233.913 235.065 2.3 0.9 0.5

All items (December 1977 = 100)

378.992 380.589 382.464

Food and beverages

243.262 244.408 243.923 1.0 0.3 -0.2

Food

242.510 243.762 243.329 1.0 0.3 -0.2

Food at home

225.918 227.910 226.522 -0.1 0.3 -0.6

Cereals and bakery products

259.331 259.678 259.378 0.0 -0.1

Meats, poultry, fish, and eggs

246.510 250.928 249.071 1.0 -0.7

Dairy and related products

197.449 197.707 196.934 -0.3 -0.4

Fruits and vegetables

265.639 268.056 267.736 0.8 -0.1

Nonalcoholic beverages and beverage materials

160.072 161.413 158.898 -0.7 -1.6

Other food at home

197.301 198.865 197.400 0.1 -0.7

Food away from home

270.384 270.538 271.536 2.4 0.4 0.4

Alcoholic beverages

251.480 251.166 249.979 1.6 -0.6 -0.5

Housing

225.275 225.719 226.692 2.4 0.6 0.4

Shelter

268.376 269.145 270.278 3.1 0.7 0.4

Rent of primary residence(1)

268.124 268.476 268.935 3.0 0.3 0.2

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

272.471 273.041 273.673 3.1 0.4 0.2

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

272.425 273.006 273.641 3.1 0.4 0.2

Fuels and utilities

219.534 218.312 221.485 0.4 0.9 1.5

Household energy

178.513 177.081 180.231 -0.3 1.0 1.8

Energy services(1)

184.940 183.380 186.733 -0.8 1.0 1.8

Electricity(1)

199.173 198.609 203.730 0.3 2.3 2.6

Utility (piped) gas service(1)

150.229 147.174 147.478 -3.0 -1.8 0.2

Household furnishings and operations

114.176 114.652 113.970 -0.2 -0.2 -0.6

Apparel

120.121 119.830 118.603 -0.6 -1.3 -1.0

Transportation

201.054 203.479 207.561 5.5 3.2 2.0

Private transportation

195.963 198.175 202.118 6.1 3.1 2.0

New and used motor vehicles(3)

96.982 96.692 96.618 -0.7 -0.4 -0.1

New vehicles

136.939 137.142 137.585 -0.8 0.5 0.3

New cars and trucks(3)(4)

96.718 96.864 97.260 -0.7 0.6 0.4

New cars(4)

132.986 133.314 133.768 -1.3 0.6 0.3

Used cars and trucks

139.658 138.984 137.762 -2.4 -1.4 -0.9

Motor fuel

228.003 240.215 258.522 23.2 13.4 7.6

Gasoline (all types)

226.458 238.799 257.146 23.2 13.6 7.7

Gasoline, unleaded regular(4)

220.390 232.741 250.788 23.6 13.8 7.8

Gasoline, unleaded midgrade(4)(5)

260.756 272.681 294.457 21.1 12.9 8.0

Gasoline, unleaded premium(4)

249.876 260.495 278.089 19.3 11.3 6.8

Motor vehicle insurance(6)

738.086 733.338 730.503 -1.0 -0.4

Medical care

482.275 482.487 484.692 1.3 0.5 0.5

Medical care commodities

392.852 391.669 396.218 1.9 0.9 1.2

Medical care services

512.205 512.890 514.298 1.2 0.4 0.3

Professional services

417.257 417.494 418.256 0.7 0.2 0.2

Recreation(3)

122.187 122.365 122.273 1.0 0.1 -0.1

Education and communication(3)

137.461 137.377 137.534 0.7 0.1 0.1

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

1,179.298 1,179.248 1,180.054 0.1 0.1

Other goods and services

418.270 425.978 425.220 2.7 1.7 -0.2

Commodity and service group

Commodities

178.676 179.925 181.003 2.2 1.3 0.6

Commodities less food and beverages

147.284 148.520 150.137 2.9 1.9 1.1

Nondurables less food and beverages

194.970 197.739 201.952 6.6 3.6 2.1

Durables

101.954 102.027 101.711 -1.9 -0.2 -0.3

Services

288.847 289.539 290.763 2.4 0.7 0.4

Special aggregate indexes

All items less shelter

222.475 223.537 224.705 2.0 1.0 0.5

All items less medical care

221.129 222.147 223.250 2.4 1.0 0.5

Commodities less food

150.532 151.735 153.289 2.8 1.8 1.0

Nondurables

218.889 220.919 222.965 3.7 1.9 0.9

Nondurables less food

197.946 200.540 204.448 6.2 3.3 1.9

Services less rent of shelter(2)

319.822 320.438 321.784 1.8 0.6 0.4

Services less medical care services

272.188 272.881 274.092 2.6 0.7 0.4

Energy

200.936 205.870 216.074 11.3 7.5 5.0

All items less energy

238.978 239.569 239.813 1.6 0.3 0.1

All items less food and energy

239.056 239.531 239.896 1.7 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) 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: Tuesday, June 12, 2018