News Release Information

15-293-CHI
Thursday, February 26, 2015

Contacts

Technical information:
Media contact:
  • (312) 353-1138

Consumer Price Index, Milwaukee-Racine – Second Half 2014

Local prices up 1.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Milwaukee-Racine area advanced 1.3 percent from the second half of 2013 to the second half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the all items less food and energy index was 1.4 percent higher compared to its second half 2013 level as price increases were noted for several categories, most notably shelter. Food prices rose 2.0 percent over the year while the index for energy edged down 0.1 percent. (See chart 1.)

 Chart 1.  Over-the-year percent change in CPI-U, Milwaukee, Second half 2011-Second half 2014

Food

Food prices rose 2.0 percent over the year. Within the food category, the index for food at home (groceries) was 2.6 percent higher while prices for food away from home (restaurant, cafeteria, and vending purchases) increased 1.5 percent.

Energy

The energy index was 0.1 percent lower from the second half of 2013 to the second half of 2014. Within the energy category, the indexes for electricity and utility (piped) gas service rose 1.3 percent and 13.6 percent, respectively, over the year. The index for gasoline was down 4.2 percent compared to its second half 2013 level.

All items less food and energy

The all items less food and energy index increased 1.4 percent over the year. Among the index’s components, higher costs were recorded for shelter (1.7 percent), medical care (2.7 percent), and apparel (5.1 percent).

The first half 2015 Consumer Price Index for Milwaukee-Racine is scheduled to be released Wednesday, August 19, 2015 7:30am CT.


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 28 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 87 urban areas across the country from about 4,000 housing units and approximately 26,000 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/homch17_a.htm.

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 Milwaukee-Racine, Wis., consolidated area covered in this release is comprised of Milwaukee, Ozaukee, Racine, Washington, and Waukesha Counties in 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 for semiannual averages and percent changes for selected periods

Milwaukee-Racine, WI (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2014 from-
2nd half
2013
1st half
2014
2nd half
2014
2nd half
2013
1st half
2014

Expenditure category

 
 

All Items

224.705 228.005 227.634 1.3 -0.2

All items (1967=100)

694.026 704.218 703.074 - -

Food and beverages

241.920 243.557 246.447 1.9 1.2

Food

245.998 247.781 250.933 2.0 1.3

Food at home

241.233 242.601 247.484 2.6 2.0

Food away from home

253.221 256.070 257.135 1.5 0.4

Alcoholic beverages

203.361 203.568 203.922 0.3 0.2

Housing

207.139 212.466 210.342 1.5 -1.0

Shelter

249.815 252.134 254.004 1.7 0.7

Rent of primary residence (1)

232.625 235.507 237.544 2.1 0.9

Owners' equiv. rent of residences (1) (2)

266.109 268.077 270.185 1.5 0.8

Owners' equiv. rent of primary residence (1) (2)

266.109 268.077 270.185 1.5 0.8

Fuels and utilities

207.792 236.477 215.975 3.9 -8.7

Household energy

172.060 195.061 180.209 4.7 -7.6

Energy services (1)

176.369 200.253 184.790 4.8 -7.7

Electricity (1)

212.345 211.408 215.093 1.3 1.7

Utility (piped) gas service (1)

113.373 167.068 128.822 13.6 -22.9

Household furnishings and operations

100.011 100.983 97.674 -2.3 -3.3

Apparel

141.081 139.733 148.222 5.1 6.1

Transportation

204.525 207.165 200.973 -1.7 -3.0

Private transportation

196.199 200.282 194.467 -0.9 -2.9

Motor fuel

298.586 317.331 286.926 -3.9 -9.6

Gasoline (all types)

294.940 312.626 282.549 -4.2 -9.6

Gasoline, unleaded regular (3)

297.635 315.723 284.403 -4.4 -9.9

Gasoline, unleaded midgrade (3) (4)

313.191 331.910 301.664 -3.7 -9.1

Gasoline, unleaded premium (3)

265.361 279.858 256.634 -3.3 -8.3

Medical care

470.608 476.116 483.239 2.7 1.5

Recreation (5)

114.881 115.546 115.694 0.7 0.1

Education and communication (5)

150.173 151.100 152.817 1.8 1.1

Other goods and services

376.858 379.767 384.786 2.1 1.3
 

Commodity and service group

 
 

All Items

224.705 228.005 227.634 1.3 -0.2

Commodities

183.087 184.846 184.130 0.6 -0.4

Commodities less food & beverages

155.583 157.340 155.273 -0.2 -1.3

Nondurables less food & beverages

215.446 219.409 216.428 0.5 -1.4

Durables

101.834 101.878 100.599 -1.2 -1.3

Services

264.347 269.102 269.075 1.8 0.0
 

Special aggregate indexes

 
 

All items less medical care

213.900 217.111 216.403 1.2 -0.3

All items less shelter

217.525 221.223 220.025 1.1 -0.5

Commodities less food

157.517 159.199 157.211 -0.2 -1.2

Nondurables

230.748 233.603 233.318 1.1 -0.1

Nondurables less food

214.413 218.022 215.291 0.4 -1.3

Services less rent of shelter (2)

292.890 300.740 298.545 1.9 -0.7

Services less medical care services

247.943 252.675 252.194 1.7 -0.2

Energy

229.299 250.869 229.022 -0.1 -8.7

All items less energy

226.391 227.687 229.855 1.5 1.0

All items less food and energy

223.994 225.214 227.228 1.4 0.9

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

- Data not available.
 

 

Last Modified Date: Thursday, February 26, 2015