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14-2267-KAN
December 17, 2014

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Consumer Price Index, Midwest Region – November 2014

Prices in the Midwest down 0.6 percent in November but 1.2 percent higher over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was down 0.6 percent in November, following a decline of 0.5 percent in October, the U.S. Bureau of Labor Statistics reported today. The monthly decrease was largely attributable to an 8.1-percent drop in motor fuel prices. Overall, the energy index declined 4.9 percent. The indexes for food and all items less food and energy each decreased 0.2 percent over the month.

The CPI-U for the Midwest advanced 1.2 percent from November 2013 to November 2014. Food prices increased 3.2 percent and the energy index, which includes motor fuel and household fuels, was down 2.9 percent. Excluding food and energy, the CPI-U rose 1.3 percent over the year. (See chart 1.)

 Chart 1. Over-the-year change in consumer price indexes, Midwest region, November 2011-November 2014

 

Food

Food prices in the Midwest were 0.2 percent lower in November. The index for food at home declined 0.7 percent, the largest one-month decrease since March 2009, while costs for food away from home rose 0.5 percent.  

From November 2013 to November 2014, the index for food was up 3.2 percent. Rising costs for food at home (3.1 percent) led the advance, though higher prices for food away from home (3.4 percent) also contributed to the yearly increase.

Energy

The energy index registered its fifth consecutive monthly decline and had the greatest downward impact on the all items index in November, falling 4.9 percent. The monthly decline in energy costs was largely attributable to an 8.1-percent drop in motor fuel prices, the largest one-month decrease since December 2008. Electricity prices were 2.3 percent lower, while costs for utility (piped) gas service increased 0.7 percent.

The index for energy decreased 2.9 percent from November 2013 to November 2014. Motor fuel prices were down 8.7 percent, the fourth consecutive month of year-over-year declines. Moderating the overall decline in energy costs, electricity prices advanced 3.1 percent and costs for utility (piped) gas service were 7.3 percent higher over the year.

All items less food and energy

The index for all items less food and energy for the Midwest declined 0.2 percent in November. Expenditure categories registering lower prices over the month included apparel (-2.5 percent) and used cars and trucks (-2.6 percent). In contrast, owners’ equivalent rent of primary residence (0.2 percent) and medical care (0.2 percent) were among the expenditure categories posting higher prices over the month.

The index for all items less food and energy was up 1.3 percent from November 2013 to November 2014. Higher costs for shelter (2.1 percent) and medical care (3.0 percent) led the advance.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 224.396 in November 2014. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $224.40 in November 2014. Because regional CPI data are not adjusted for seasonal price variation, consumers and businesses should be cautious in drawing conclusions about long-term retail price trends from short-term changes in the regional indexes.

CPI-W

In November, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 219.886, down 0.8 percent over the month. The CPI-W increased 1.1 percent over the year.

Table A. Midwest Region CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2009 2010 2011 2012 2013 2014
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.6 -0.3 0.5 2.9 0.5 1.9 0.6 2.8 0.1 1.3 0.5 1.4

February

0.3 -0.2 0.0 2.5 0.3 2.2 0.2 2.7 1.1 2.2 0.6 0.9

March

0.3 -0.8 0.4 2.6 0.9 2.7 1.0 2.8 0.2 1.4 0.9 1.5

April

0.2 -1.5 0.2 2.7 0.7 3.3 0.2 2.3 -0.1 1.2 0.3 1.9

May

0.4 -1.9 0.1 2.4 0.6 3.8 -0.1 1.5 0.5 1.8 0.2 1.6

June

1.1 -1.7 0.0 1.2 0.0 3.9 -0.1 1.4 0.3 2.2 0.5 1.7

July

-0.3 -2.5 0.2 1.7 0.1 3.8 0.0 1.3 -0.4 1.8 -0.3 1.8

August

0.4 -1.8 0.2 1.5 0.2 3.8 0.7 1.8 0.1 1.2 -0.2 1.6

September

0.0 -1.7 0.1 1.6 0.2 3.9 0.3 1.9 0.1 1.0 0.1 1.6

October

0.1 -0.2 0.0 1.5 -0.6 3.3 -0.3 2.2 -0.5 0.8 -0.5 1.6

November

0.3 2.2 0.1 1.2 0.0 3.3 -0.4 1.8 -0.2 1.0 -0.6 1.2

December

-0.3 3.0 0.2 1.8 -0.2 2.8 -0.2 1.8 -0.2 1.0    

The December 2014 Consumer Price Index for the Midwest region is scheduled to be released on Friday, January 16, 2015.


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 areas; 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: 1-800-877-8339

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods

Midwest (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Sep.
2014
Oct.
2014
Nov.
2014
Nov.
2013
Sep.
2014
Oct.
2014

Expenditure category

 
 

All Items

226.913 225.793 224.396 1.2 -1.1 -0.6

All items (December 1977=100)

369.199 367.378 365.104      

Food and beverages

238.161 238.702 238.235 3.1 0.0 -0.2

Food

237.774 238.338 237.754 3.2 0.0 -0.2

Food at home

230.965 231.420 229.824 3.1 -0.5 -0.7

Food away from home

249.027 249.774 250.916 3.4 0.8 0.5

Alcoholic beverages

241.296 241.488 242.830 1.8 0.6 0.6

Housing

211.459 210.644 210.352 2.1 -0.5 -0.1

Shelter

244.808 245.395 245.477 2.1 0.3 0.0

Rent of primary residence (1)

242.739 243.638 244.282 2.6 0.6 0.3

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

248.646 249.403 249.784 1.8 0.5 0.2

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

248.639 249.395 249.775 1.8 0.5 0.2

Fuels and utilities

227.181 217.402 215.342 4.3 -5.2 -0.9

Household energy

193.517 183.375 181.187 4.3 -6.4 -1.2

Energy services (1)

200.471 189.452 186.970 4.5 -6.7 -1.3

Electricity (1)

209.176 195.822 191.367 3.1 -8.5 -2.3

Utility (piped) gas service (1)

175.999 169.684 170.881 7.3 -2.9 0.7

Household furnishings and operations

116.185 116.742 116.376 -0.6 0.2 -0.3

Apparel

125.586 126.181 123.037 -1.6 -2.0 -2.5

Transportation

216.227 211.191 205.782 -2.3 -4.8 -2.6

Private transportation

211.342 205.861 200.239 -2.2 -5.3 -2.7

New and used motor vehicles (3)

99.717 99.102 98.517 -0.9 -1.2 -0.6

New vehicles

138.868 138.857 139.254 0.6 0.3 0.3

New cars and trucks (3) (4)

98.199 98.225 98.499 0.6 0.3 0.3

New cars (4)

135.202 135.026 135.543 -0.3 0.3 0.4

Used cars and trucks

151.997 148.634 144.778 -3.2 -4.7 -2.6

Motor fuel

306.255 283.662 260.787 -8.7 -14.8 -8.1

Gasoline (all types)

304.333 281.701 258.605 -8.8 -15.0 -8.2

Gasoline, unleaded regular (4)

301.447 278.555 255.229 -9.1 -15.3 -8.4

Gasoline, Unleaded midgrade (4) (5)

337.524 313.840 289.819 -7.2 -14.1 -7.7

Gasoline, unleaded premium (4)

304.077 283.904 262.977 -7.3 -13.5 -7.4

Medical Care

442.786 443.915 444.814 3.0 0.5 0.2

Medical care commodities

358.257 358.977 360.929 5.9 0.7 0.5

Medical care services

471.083 472.359 472.833 2.2 0.4 0.1

Professional services

387.271 386.863 386.869 2.0 -0.1 0.0

Recreation (3)

117.317 117.180 116.780 -0.4 -0.5 -0.3

Education and communication (3)

140.792 140.252 139.825 1.1 -0.7 -0.3

Other goods and services

394.583 394.814 394.513 0.7 0.0 -0.1
 

Commodity and Service Group

 
 

All Items

226.913 225.793 224.396 1.2 -1.1 -0.6

Commodities

186.331 184.638 181.955 -0.1 -2.3 -1.5

Commodities less food & beverages

160.264 157.669 154.116 -2.0 -3.8 -2.3

Nondurables less food & beverages

213.706 208.644 201.987 -2.4 -5.5 -3.2

Nondurables less food, beverages, and apparel

271.369 262.662 253.719 -2.8 -6.5 -3.4

Durables

108.154 107.792 107.056 -1.4 -1.0 -0.7

Services

269.148 268.587 268.450 2.1 -0.3 -0.1

Rent of shelter (2)

251.457 252.061 252.147 2.1 0.3 0.0

Transportation services

285.100 288.383 290.106 2.2 1.8 0.6

Other services

325.659 324.764 324.126 1.0 -0.5 -0.2
 

Special aggregate indexes:

 
 

All items less medical care

216.697 215.471 213.964 1.0 -1.3 -0.7

All items less food

225.048 223.654 222.125 0.9 -1.3 -0.7

All items less shelter

222.868 221.093 219.123 0.8 -1.7 -0.9

Commodities less food

162.988 160.451 157.005 -1.9 -3.7 -2.1

Nondurables

226.464 224.025 220.260 0.3 -2.7 -1.7

Nondurables less food

215.269 210.472 204.221 -2.2 -5.1 -3.0

Nondurables less food and apparel

267.524 259.584 251.523 -2.4 -6.0 -3.1

Services less rent of shelter (2)

304.273 302.347 301.946 2.1 -0.8 -0.1

Services less medical care services

254.049 253.362 253.182 2.1 -0.3 -0.1

Energy

243.217 227.634 216.469 -2.9 -11.0 -4.9

All items less energy

227.775 228.145 227.746 1.6 0.0 -0.2

All items less food and energy

226.650 226.984 226.618 1.3 0.0 -0.2

Commodities less food and energy commodities

147.917 147.884 146.828 -0.2 -0.7 -0.7

Energy commodities

303.953 282.335 260.486 -8.3 -14.3 -7.7

Services less energy services

278.347 278.934 279.054 1.9 0.3 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) Index is 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.
 

Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

Table 2. Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W): Indexes and percent changes for selected periods

Midwest (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Sep.
2014
Oct.
2014
Nov.
2014
Nov.
2013
Sep.
2014
Oct.
2014

Expenditure category

 
 

All Items

223.054 221.564 219.886 1.1 -1.4 -0.8

All items (December 1977=100)

360.728 358.318 355.605      

Food and beverages

238.713 239.224 238.781 3.3 0.0 -0.2

Food

238.448 238.965 238.395 3.4 0.0 -0.2

Food at home

232.009 232.383 230.840 3.4 -0.5 -0.7

Food away from home

249.832 250.624 251.948 3.5 0.8 0.5

Alcoholic beverages

241.302 241.719 243.295 1.8 0.8 0.7

Housing

206.871 205.914 205.682 2.2 -0.6 -0.1

Shelter

234.261 234.900 235.125 2.1 0.4 0.1

Rent of primary residence (1)

243.368 244.248 244.892 2.6 0.6 0.3

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

231.702 232.410 232.768 1.8 0.5 0.2

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

231.707 232.414 232.772 1.8 0.5 0.2

Fuels and utilities

227.793 218.050 215.993 4.2 -5.2 -0.9

Household energy

193.721 183.681 181.511 4.1 -6.3 -1.2

Energy services (1)

199.100 188.353 185.911 4.4 -6.6 -1.3

Electricity (1)

207.027 194.320 190.113 3.1 -8.2 -2.2

Utility (piped) gas service (1)

177.251 170.717 171.846 7.2 -3.0 0.7

Household furnishings and operations

114.808 115.358 114.948 -0.7 0.1 -0.4

Apparel

123.444 124.337 121.454 -1.1 -1.6 -2.3

Transportation

217.673 211.450 204.898 -2.9 -5.9 -3.1

Private transportation

214.516 208.103 201.450 -2.8 -6.1 -3.2

New and used motor vehicles (3)

100.458 99.419 98.400 -1.5 -2.0 -1.0

New vehicles

142.328 142.205 142.633 0.4 0.2 0.3

Used cars and trucks

152.663 149.279 145.413 -3.2 -4.7 -2.6

Motor fuel

307.094 284.690 261.684 -8.6 -14.8 -8.1

Gasoline (all types)

305.044 282.625 259.435 -8.7 -15.0 -8.2

Gasoline, unleaded regular (4)

301.938 279.285 255.873 -9.1 -15.3 -8.4

Gasoline, unleaded midgrade (4) (5)

337.264 313.769 289.763 -7.2 -14.1 -7.7

Gasoline, unleaded premium (4)

304.029 284.074 263.124 -7.3 -13.5 -7.4

Medical Care

448.038 449.157 449.958 3.0 0.4 0.2

Medical care commodities

352.317 353.084 354.712 5.9 0.7 0.5

Medical care services

477.582 478.820 479.266 2.1 0.4 0.1

Professional services

388.563 388.097 388.092 2.0 -0.1 0.0

Recreation (3)

113.932 113.929 113.608 -0.1 -0.3 -0.3

Education and communication (3)

133.263 132.523 132.103 0.4 -0.9 -0.3

Other goods and services

436.797 436.820 436.448 0.6 -0.1 -0.1
 

Commodity and Service Group

 
 

All Items

223.054 221.564 219.886 1.1 -1.4 -0.8

Commodities

190.362 188.232 185.142 -0.3 -2.7 -1.6

Commodities less food & beverages

166.295 163.039 158.836 -2.4 -4.5 -2.6

Nondurables less food & beverages

225.455 219.285 211.530 -3.0 -6.2 -3.5

Nondurables less food, beverages, and apparel

288.232 277.847 267.135 -3.5 -7.3 -3.9

Durables

110.698 110.030 108.988 -1.5 -1.5 -0.9

Services

262.295 261.519 261.428 2.1 -0.3 0.0

Rent of shelter (2)

232.661 233.299 233.527 2.1 0.4 0.1

Transportation services

283.871 286.751 288.544 2.6 1.6 0.6

Other services

302.918 301.869 301.269 0.8 -0.5 -0.2
 

Special aggregate indexes:

 
 

All items less medical care

214.389 212.806 211.040 0.9 -1.6 -0.8

All items less food

220.016 218.164 216.287 0.6 -1.7 -0.9

All items less shelter

221.472 219.209 216.837 0.6 -2.1 -1.1

Commodities less food

168.697 165.524 161.454 -2.3 -4.3 -2.5

Nondurables

232.800 229.849 225.612 0.1 -3.1 -1.8

Nondurables less food

226.171 220.348 213.085 -2.8 -5.8 -3.3

Nondurables less food and apparel

282.508 273.063 263.413 -3.2 -6.8 -3.5

Services less rent of shelter (2)

270.390 268.096 267.655 2.1 -1.0 -0.2

Services less medical care services

247.975 247.088 246.967 2.1 -0.4 0.0

Energy

245.809 230.043 218.160 -3.4 -11.2 -5.2

All items less energy

222.020 222.283 221.854 1.6 -0.1 -0.2

All items less food and energy

218.930 219.140 218.739 1.2 -0.1 -0.2

Commodities less food and energy commodities

151.059 150.848 149.647 -0.4 -0.9 -0.8

Energy commodities

305.781 284.077 261.876 -8.4 -14.4 -7.8

Services less energy services

270.658 271.194 271.413 1.9 0.3 0.1

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 December 1984=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.
 

Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.
 

 

Last Modified Date: Wednesday, December 17, 2014