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Wednesday, December 12, 2018

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Consumer Price Index, Midwest Region – November 2018

Prices in the Midwest down 0.6 percent in November and 1.4 percent higher over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest declined 0.6 percent in November, the U.S. Bureau of Labor Statistics reported today. This was the first monthly decrease recorded in 2018 and was led by a 10.5-percent drop in prices for gasoline. Overall, energy costs were down 7.0 percent for the month. Prices for food were 0.3 percent lower. The index for all items less food and energy was unchanged in November. (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 1.4 percent from November 2017 to November 2018. (See chart 1 and table A.) The energy index, which includes motor fuel and household fuels, declined 3.6 percent and food prices increased 0.5 percent. Excluding food and energy, the CPI-U was up 2.1 percent over the year. (See table 1.)

Food

Food prices in the Midwest declined 0.3 percent in November led by lower prices for food at home (-0.7 percent). Prices for food away from home rose 0.4 percent following gains of 0.3 percent in each of the prior two months.

From November 2017 to November 2018, the index for food rose 0.5 percent. Prices for food away from home were up 2.4 percent and were responsible for the increase. Prices for food at home were 0.9 percent lower over the year.

Energy

The energy index was down 7.0 percent in November after a decrease of 2.4 percent in the prior month. November’s decline was the largest since January 2015. A 10.5-percent drop in prices for gasoline led the index, but lower prices for electricity and utility (piped) gas service also contributed to the decline in energy costs. Electricity prices were down 2.4 percent following a decrease of 4.8 percent in the prior month. Utility (piped) gas service costs decreased 3.8 percent over the month after rising 0.5 percent in October.

Energy costs turned down 3.6 percent from November 2017 to November 2018 with all three major components contributing to the decrease. Prices for gasoline declined 4.6 percent, electricity prices were down 2.8 percent and costs for utility (piped) gas service were 5.0 percent lower than in November 2017.

All items less food and energy

The index for all items less food and energy for the Midwest was unchanged in November due to offsetting movements within the index. Among the expenditure categories registering higher costs were new and used motor vehicles (0.8 percent) and shelter (0.2 percent), while prices for apparel (-3.1 percent) and education and communication (-0.6 percent) were among those that declined over the month.

The index for all items less food and energy was up 2.1 percent from November 2017 to November 2018. Higher costs for shelter (3.5 percent) contributed to the increase.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 234.292 in November 2018. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $234.29 in November 2018.

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 0.2 2.5

July

-0.3 1.8 0.0 -0.5 -0.5 0.4 0.0 1.3 0.0 2.4

August

-0.2 1.6 0.0 -0.3 0.1 0.6 0.3 1.5 0.0 2.1

September

0.1 1.6 -0.3 -0.8 0.2 1.1 0.3 1.5 0.1 1.9

October

-0.5 1.6 -0.1 -0.3 -0.1 1.0 -0.2 1.5 0.1 2.2

November

-0.6 1.2 -0.5 -0.2 -0.3 1.2 0.2 1.9 -0.6 1.4

December

-0.7 0.7 -0.6 0.0 0.1 1.8 -0.2 1.7

CPI-W

In November, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 228.309. The CPI-W declined 0.8 percent in November and rose 1.4 percent over the year.

The December 2018 Consumer Price Index for the Midwest region is scheduled to be released on Friday, January 11, 2019.


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
Sep.
2018
Oct.
2018
Nov.
2018
Nov.
2017
Sep.
2018
Oct.
2018

All items

235.524 235.680 234.292 1.4 -0.5 -0.6

All items (December 1977 = 100)

383.210 383.464 381.206      

Food and beverages

244.409 244.608 244.088 0.6 -0.1 -0.2

Food

243.762 243.882 243.269 0.5 -0.2 -0.3

Food at home

226.373 226.052 224.384 -0.9 -0.9 -0.7

Cereals and bakery products

258.904 261.222 259.140   0.1 -0.8

Meats, poultry, fish, and eggs

245.319 244.750 244.133   -0.5 -0.3

Dairy and related products

195.649 193.957 189.794   -3.0 -2.1

Fruits and vegetables

267.502 269.882 263.345   -1.6 -2.4

Nonalcoholic beverages and beverage materials

162.289 161.784 160.307   -1.2 -0.9

Other food at home

198.371 196.590 197.767   -0.3 0.6

Food away from home

272.852 273.635 274.604 2.4 0.6 0.4

Alcoholic beverages

251.179 252.466 253.211 1.6 0.8 0.3

Housing

228.659 228.903 228.707 2.7 0.0 -0.1

Shelter

272.185 273.686 274.129 3.5 0.7 0.2

Rent of primary residence(1)

271.865 273.290 274.266 3.3 0.9 0.4

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

276.819 278.413 279.316 3.6 0.9 0.3

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

276.786 278.382 279.283 3.6 0.9 0.3

Fuels and utilities

226.781 221.705 216.900 -1.8 -4.4 -2.2

Household energy

185.179 179.599 174.445 -3.3 -5.8 -2.9

Energy services(1)

191.940 185.778 180.485 -3.5 -6.0 -2.8

Electricity(1)

211.597 201.354 196.462 -2.8 -7.2 -2.4

Utility (piped) gas service(1)

148.086 148.866 143.269 -5.0 -3.3 -3.8

Household furnishings and operations

114.309 113.991 114.559 2.3 0.2 0.5

Apparel

118.790 121.445 117.674 -0.7 -0.9 -3.1

Transportation

205.689 205.094 200.177 0.8 -2.7 -2.4

Private transportation

201.242 200.572 195.584 0.9 -2.8 -2.5

New and used motor vehicles(3)

95.946 95.721 96.525 2.0 0.6 0.8

New vehicles

135.734 135.636 136.792 0.6 0.8 0.9

New cars and trucks(3)(4)

95.960 95.896 96.699 0.8 0.8 0.8

New cars(4)

132.796 132.721 133.603 0.9 0.6 0.7

Used cars and trucks

133.797 135.414 136.638 1.8 2.1 0.9

Motor fuel

256.001 251.281 225.285 -4.3 -12.0 -10.3

Gasoline (all types)

254.525 249.530 223.312 -4.6 -12.3 -10.5

Gasoline, unleaded regular(4)

248.063 243.090 217.055 -4.9 -12.5 -10.7

Gasoline, unleaded midgrade(4)(5)

292.947 287.074 260.132 -2.7 -11.2 -9.4

Gasoline, unleaded premium(4)

276.808 272.486 249.154 -2.7 -10.0 -8.6

Motor vehicle insurance(6)

731.895 742.727 741.088   1.3 -0.2

Medical care

485.951 486.365 487.769 1.6 0.4 0.3

Medical care commodities

394.593 395.429 396.311 1.9 0.4 0.2

Medical care services

516.535 516.805 518.385 1.5 0.4 0.3

Professional services

418.012 416.133 416.787 0.0 -0.3 0.2

Recreation(3)

120.600 120.033 119.929 -1.4 -0.6 -0.1

Education and communication(3)

138.124 138.305 137.491 -0.1 -0.5 -0.6

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

1,190.313 1,197.033 1,197.208   0.6 0.0

Other goods and services

426.977 427.530 428.857 2.4 0.4 0.3

Commodity and service group

Commodities

180.149 180.185 177.715 -0.1 -1.4 -1.4

Commodities less food and beverages

148.818 148.792 145.696 -0.5 -2.1 -2.1

Nondurables less food and beverages

200.973 201.043 192.814 -1.2 -4.1 -4.1

Durables

100.267 100.177 100.892 0.5 0.6 0.7

Services

292.607 292.889 292.654 2.3 0.0 -0.1

Special aggregate indexes

All items less shelter

224.666 224.358 222.327 0.5 -1.0 -0.9

All items less medical care

223.670 223.814 222.293 1.4 -0.6 -0.7

Commodities less food

152.027 152.034 149.020 -0.5 -2.0 -2.0

Nondurables

222.664 222.795 218.112 -0.3 -2.0 -2.1

Nondurables less food

203.591 203.730 196.010 -1.0 -3.7 -3.8

Services less rent of shelter(2)

323.653 322.559 321.569 1.3 -0.6 -0.3

Services less medical care services

275.906 276.189 275.819 2.5 0.0 -0.1

Energy

217.523 212.364 197.513 -3.6 -9.2 -7.0

All items less energy

240.176 240.875 240.842 1.8 0.3 0.0

All items less food and energy

240.248 241.052 241.121 2.1 0.4 0.0

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, December 12, 2018