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Wednesday, December 11, 2024
Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), were down 0.1 percent in November, the U.S. Bureau of Labor Statistics reported today. (See table A.) The November decrease was driven by a 3.1 percent decline in the energy index, with gasoline prices contributing most to the fall. The index for all items less food and energy and the index for food both rose 0.1 percent over the month. (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 advanced 2.6 percent. (See chart 1.) The index for all items less food and energy rose 3.2 percent over the year, and food prices advanced 2.4 percent. Energy prices declined 3.4 percent, led by a decrease in the index for gasoline. (See table 1.)
FoodFood prices increased 0.1 percent for the month of November. The index for food at home (grocery store prices) advanced 0.1 percent, and the index for food away from home (restaurant, cafeteria, and vending purchases) were unchanged for the same period. Within the food at home category, the index for meats, poultry, fish, and eggs drove almost all of the rise, advancing 1.2 percent.
Over the year, food prices advanced 2.4 percent. The index for food at home increased 2.1 percent since a year ago, and the index for food away from home increased 2.9 percent. Meats, poultry, fish, and eggs (+3.4 percent) and nonalcoholic beverages and beverage materials (+5.3 percent) contributed most to the over-the-year-increase.
EnergyThe energy index fell 3.1 percent over the month. The decrease was largely due to lower prices for gasoline (-5.0 percent), but prices paid for electricity also contributed (-2.8 percent). Prices for natural gas service rose 2.2 percent over the same period.
From November 2023 to November 2024, energy index declined -3.4 percent, almost entirely due to lower prices for gasoline (-7.9 percent). The indexes for natural gas service (+2.8 percent) and electricity (+0.7 percent) both rose during the past year.
All items less food and energyThe index for all items less food and energy increased 0.1 percent in November. Higher prices were led by increases in the indexes for owners’ equivalent rent of residences (+0.4 percent), recreation (+0.5 percent), and rent of primary residences (+0.5 percent). Declines almost entirely offset gains; notable index decreases included apparel (-4.3 percent) and education and communication (-0.6 percent).
Over the year, the index for all items less food and energy rose 3.2 percent. Components contributing most to the increase included shelter (+5.6 percent) and medical care services (+2.6 percent). Declining prices for new and used motor vehicles (-3.0 percent) slightly offset the rise.
Month | 2020 | 2021 | 2022 | 2023 | 2024 | |||||
---|---|---|---|---|---|---|---|---|---|---|
1-month | 12-month | 1-month | 12-month | 1-month | 12-month | 1-month | 12-month | 1-month | 12-month | |
January |
0.4 | 2.5 | 0.5 | 1.2 | 0.8 | 7.9 | 0.8 | 6.0 | 0.3 | 2.7 |
February |
0.3 | 2.1 | 0.8 | 1.7 | 0.9 | 8.0 | 0.5 | 5.6 | 0.6 | 2.8 |
March |
-0.5 | 1.0 | 0.7 | 3.0 | 1.3 | 8.6 | 0.6 | 4.9 | 0.7 | 2.8 |
April |
-1.1 | -0.4 | 0.8 | 4.9 | 0.5 | 8.2 | 0.6 | 4.9 | 0.5 | 2.8 |
May |
0.3 | -0.4 | 1.0 | 5.6 | 1.5 | 8.8 | 0.3 | 3.7 | 0.2 | 2.7 |
June |
0.8 | 0.4 | 1.0 | 5.8 | 1.6 | 9.5 | 0.4 | 2.4 | 0.1 | 2.5 |
July |
0.5 | 0.7 | 0.6 | 5.9 | -0.2 | 8.6 | 0.3 | 2.9 | 0.5 | 2.7 |
August |
0.4 | 1.1 | 0.2 | 5.7 | -0.2 | 8.1 | 0.2 | 3.4 | 0.1 | 2.6 |
September |
0.2 | 1.3 | 0.2 | 5.7 | 0.2 | 8.1 | 0.1 | 3.2 | 0.0 | 2.5 |
October |
-0.1 | 1.0 | 0.8 | 6.6 | 0.1 | 7.4 | -0.1 | 2.9 | -0.1 | 2.6 |
November |
-0.2 | 1.0 | 0.4 | 7.3 | -0.2 | 6.8 | -0.2 | 2.9 | -0.1 | 2.6 |
December |
0.1 | 1.1 | 0.3 | 7.5 | -0.5 | 6.0 | -0.2 | 3.2 |
The November 2024 Consumer Price Index for the Midwest Region is scheduled to be released on Wednesday, December 11, 2024.
With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued, and one index title will change.
The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:
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 Consumer Price Index for Midwest is published monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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.
Refer to the national CPI news release technical note or the Handbook of Methods for more information.
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.
Expenditure category | Indexes | Percent change from | ||||
---|---|---|---|---|---|---|
Sep. 2024 |
Oct. 2024 |
Nov. 2024 |
Nov. 2023 |
Sep. 2024 |
Oct. 2024 |
|
All items |
292.547 | 292.291 | 292.022 | 2.6 | -0.2 | -0.1 |
All items (December 1977 = 100) |
475.990 | 475.573 | 475.136 | |||
Food and beverages |
317.971 | 318.321 | 318.540 | 2.3 | 0.2 | 0.1 |
Food |
319.487 | 319.824 | 320.020 | 2.4 | 0.2 | 0.1 |
Food at home |
292.066 | 292.313 | 292.523 | 2.1 | 0.2 | 0.1 |
Cereals and bakery products |
341.091 | 340.597 | 337.940 | 0.1 | -0.9 | -0.8 |
Meats, poultry, fish, and eggs |
321.191 | 317.833 | 321.733 | 3.4 | 0.2 | 1.2 |
Dairy and related products |
247.211 | 248.622 | 248.624 | 0.9 | 0.6 | 0.0 |
Fruits and vegetables |
321.073 | 322.683 | 323.304 | 1.0 | 0.7 | 0.2 |
Nonalcoholic beverages and beverage materials |
216.279 | 216.630 | 216.537 | 5.3 | 0.1 | 0.0 |
Other food at home |
258.809 | 260.329 | 259.400 | 1.6 | 0.2 | -0.4 |
Food away from home |
364.579 | 365.086 | 365.247 | 2.9 | 0.2 | 0.0 |
Alcoholic beverages |
296.625 | 297.157 | 297.695 | 1.7 | 0.4 | 0.2 |
Housing |
294.812 | 294.458 | 295.121 | 4.7 | 0.1 | 0.2 |
Shelter |
355.991 | 356.519 | 357.747 | 5.6 | 0.5 | 0.3 |
Rent of primary residence(1) |
358.075 | 360.659 | 362.342 | 5.9 | 1.2 | 0.5 |
363.237 | 365.170 | 366.679 | 5.8 | 0.9 | 0.4 | |
363.125 | 365.057 | 366.568 | 5.8 | 0.9 | 0.4 | |
Fuels and utilities |
277.552 | 273.718 | 271.150 | 1.9 | -2.3 | -0.9 |
Household energy |
224.609 | 220.377 | 217.633 | 1.2 | -3.1 | -1.2 |
Energy services(1) |
232.890 | 228.252 | 225.249 | 1.3 | -3.3 | -1.3 |
Electricity(1) |
249.192 | 238.901 | 232.112 | 0.7 | -6.9 | -2.8 |
Utility (piped) gas service(1) |
184.593 | 190.773 | 195.008 | 2.8 | 5.6 | 2.2 |
Household furnishings and operations |
140.699 | 139.550 | 140.242 | 1.0 | -0.3 | 0.5 |
Apparel |
125.726 | 125.372 | 119.990 | 2.4 | -4.6 | -4.3 |
Transportation |
260.615 | 259.922 | 258.382 | -0.9 | -0.9 | -0.6 |
Private transportation |
259.598 | 258.551 | 256.638 | -1.2 | -1.1 | -0.7 |
New and used motor vehicles(3) |
125.223 | 125.003 | 125.072 | -3.0 | -0.1 | 0.1 |
New vehicles |
172.094 | 171.712 | 171.950 | -0.6 | -0.1 | 0.1 |
New cars(4) |
166.477 | 166.505 | 166.715 | -0.7 | 0.1 | 0.1 |
Used cars and trucks |
179.779 | 179.893 | 181.134 | -2.8 | 0.8 | 0.7 |
Motor fuel |
283.882 | 279.040 | 265.398 | -8.3 | -6.5 | -4.9 |
Gasoline (all types) |
283.640 | 278.599 | 264.784 | -7.9 | -6.6 | -5.0 |
Gasoline, unleaded regular(4) |
274.918 | 269.859 | 256.117 | -8.2 | -6.8 | -5.1 |
341.214 | 336.405 | 321.786 | -5.8 | -5.7 | -4.3 | |
Gasoline, unleaded premium(4) |
326.835 | 322.815 | 310.586 | -4.5 | -5.0 | -3.8 |
Medical care |
558.850 | 560.150 | 560.810 | 1.7 | 0.4 | 0.1 |
Medical care commodities |
394.872 | 394.164 | 393.770 | -2.3 | -0.3 | -0.1 |
Medical care services |
613.194 | 615.184 | 616.206 | 2.6 | 0.5 | 0.2 |
Professional services |
473.691 | 474.159 | 474.695 | 1.8 | 0.2 | 0.1 |
Recreation(3) |
139.928 | 140.443 | 141.205 | 1.7 | 0.9 | 0.5 |
Education and communication(3) |
143.856 | 142.926 | 142.093 | -0.3 | -1.2 | -0.6 |
Tuition, other school fees, and child care(6) |
1,351.369 | 1,351.395 | 1,351.587 | 3.1 | 0.0 | 0.0 |
Other goods and services |
559.477 | 559.032 | 560.147 | 5.4 | 0.1 | 0.2 |
Commodity and service group |
||||||
Commodities |
216.997 | 216.544 | 215.103 | 0.0 | -0.9 | -0.7 |
Commodities less food and beverages |
171.347 | 170.644 | 168.711 | -1.5 | -1.5 | -1.1 |
Nondurables less food and beverages |
223.541 | 221.893 | 217.475 | -1.2 | -2.7 | -2.0 |
Durables |
120.726 | 120.704 | 120.568 | -2.0 | -0.1 | -0.1 |
Services |
370.034 | 369.973 | 370.871 | 4.3 | 0.2 | 0.2 |
Special aggregate indexes |
||||||
All items less shelter |
272.202 | 271.642 | 270.797 | 1.2 | -0.5 | -0.3 |
All items less medical care |
280.047 | 279.711 | 279.394 | 2.7 | -0.2 | -0.1 |
Commodities less food |
175.136 | 174.457 | 172.569 | -1.4 | -1.5 | -1.1 |
Nondurables |
269.498 | 268.737 | 266.372 | 0.7 | -1.2 | -0.9 |
Nondurables less food |
227.408 | 225.874 | 221.714 | -1.0 | -2.5 | -1.8 |
Services less rent of shelter(2) |
393.972 | 393.211 | 393.718 | 2.7 | -0.1 | 0.1 |
Services less medical care services |
352.033 | 351.812 | 352.703 | 4.5 | 0.2 | 0.3 |
Energy |
252.351 | 247.821 | 240.223 | -3.4 | -4.8 | -3.1 |
All items less energy |
300.056 | 300.173 | 300.547 | 3.1 | 0.2 | 0.1 |
All items less food and energy |
297.588 | 297.672 | 298.074 | 3.2 | 0.2 | 0.1 |
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator. |
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Note: Index applies to a month as a whole, not to any specific date. |
Last Modified Date: Wednesday, December 11, 2024