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16-99-KAN
Wednesday, January 20, 2016

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Consumer Price Index, Midwest Region – December 2015

Prices in the Midwest down 0.6 percent in December and unchanged over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was down 0.6 percent in December, the U.S. Bureau of Labor Statistics reported today. This follows a decrease of 0.5 percent in November and marks the fourth consecutive monthly decline. The December decrease was largely attributable to a 12.3-percent drop in motor fuel prices. The broader energy index was 5.9 percent lower over the month. Food prices, up 0.1 percent, and prices for all items less food and energy, down 0.2 percent, were little changed. (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 was unchanged from December 2014 to December 2015, ending eleven consecutive months of over-the-year decline. (See chart 1 and table A.) Food prices increased 0.6 percent, but the energy index, which includes motor fuel and household fuels, fell 14.8 percent. Excluding food and energy, the CPI-U rose 1.5 percent in 2015. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Midwest region, December 2012-December 2015

Food

Food prices in the Midwest were virtually unchanged in December, up a slight 0.1 percent. The index for food at home edged up 0.2 percent over the month following a decrease of 0.8 percent in November.  Costs for food away from home (0.1 percent) changed little over the month.  

In 2015, the index for food rose 0.6 percent, the smallest over-the-year increase since June 2010.  Rising costs for food away from home (2.2 percent) were responsible for the yearly advance. Prices for food at home had their third consecutive over-the-year decline, down 0.4 percent from December 2014 to December 2015.  Prior to this, food at home prices had not decreased over the year since early 2010.

Energy

The energy index registered its sixth consecutive monthly decline, falling 5.9 percent in December, and had the greatest downward impact on the all items index. The decrease in energy costs was largely attributable to a 12.3-percent drop in motor fuel prices, the largest monthly dip since January 2015. Lower costs for utility (piped) gas service (-1.6 percent) also contributed to the monthly decline, but electricity prices were essentially unchanged (0.1 percent).

Energy prices fell 14.8 percent from December 2014 to December 2015. Motor fuel prices continued to decline, dropping 22.4 percent in 2015. The index for motor fuel declined 20.7 percent in 2014 and was 3.5 percent lower in 2013. Costs for utility (piped) gas service were down 22.8 percent from December 2014 to December 2015, while electricity prices were 1.0 percent higher. By comparison, these indexes were up 10.3 percent and 4.9 percent, respectively, in 2014.

All items less food and energy

The index for all items less food and energy for the Midwest crept down 0.2 percent in December after registering no change in the prior month. A decline of 3.2 percent in prices for apparel had the greatest impact on the index. Costs for shelter were unchanged over the month due to offsetting movements among its components. Other expenditure categories that registered no change over the month included medical care, education and communication, and other goods and services. 

The index for all items less food and energy was up 1.5 percent from December 2014 to December 2015. Higher costs for shelter (2.3 percent) led the advance. Medical care services (2.6 percent), other goods and services (2.0 percent), and education and communication (0.9 percent) were among the categories contributing to the increase in 2015. In contrast, lower apparel prices (-2.1 percent) had the largest offsetting effect. 

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 222.722 in December 2015. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $222.72 in December 2015. 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 December, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Worker (CPI-W) was 217.076, down 0.7 percent over the month. The CPI-W decreased 0.4 percent over the year.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

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

February

0.3 2.2 0.2 2.7 1.1 2.2 0.6 0.9 0.3 -0.5

March

0.9 2.7 1.0 2.8 0.2 1.4 0.9 1.5 0.6 -0.9

April

0.7 3.3 0.2 2.3 -0.1 1.2 0.3 1.9 0.1 -1.1

May

0.6 3.8 -0.1 1.5 0.5 1.8 0.2 1.6 0.4 -0.8

June

0.0 3.9 -0.1 1.4 0.3 2.2 0.5 1.7 0.5 -0.7

July

0.1 3.8 0.0 1.3 -0.4 1.8 -0.3 1.8 0.0 -0.5

August

0.2 3.8 0.7 1.8 0.1 1.2 -0.2 1.6 0.0 -0.3

September

0.2 3.9 0.3 1.9 0.1 1.0 0.1 1.6 -0.3 -0.8

October

-0.6 3.3 -0.3 2.2 -0.5 0.8 -0.5 1.6 -0.1 -0.3

November

0.0 3.3 -0.4 1.8 -0.2 1.0 -0.6 1.2 -0.5 -0.2

December

-0.2 2.8 -0.2 1.8 -0.2 1.0 -0.7 0.7 -0.6 0.0

The January 2016 Consumer Price Index for the Midwest region is scheduled to be released on Friday, February 19, 2016.


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 6,000 housing units and approximately 24,000 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-
Oct.
2015
Nov.
2015
Dec.
2015
Dec.
2014
Oct.
2015
Nov.
2015

Expenditure category

 
 

All Items

225.050 224.009 222.722 0.0 -1.0 -0.6

All items (December 1977=100)

366.170 364.475 362.381      

Food and beverages

241.006 240.006 240.283 0.6 -0.3 0.1

Food

240.695 239.676 239.965 0.6 -0.3 0.1

Food at home

231.063 229.217 229.594 -0.4 -0.6 0.2

Food away from home

256.751 257.145 257.281 2.2 0.2 0.1

Alcoholic beverages

242.937 242.242 242.342 0.4 -0.2 0.0

Housing

212.917 212.784 212.751 1.0 -0.1 0.0

Shelter

250.776 251.104 251.159 2.3 0.2 0.0

Rent of primary residence (1)

249.885 250.581 250.954 2.6 0.4 0.1

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

254.346 255.101 255.603 2.3 0.5 0.2

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

254.339 255.095 255.593 2.3 0.5 0.2

Fuels and utilities

209.651 207.998 207.707 -5.0 -0.9 -0.1

Household energy

172.729 170.868 170.228 -7.7 -1.4 -0.4

Energy services (1)

180.075 178.131 177.472 -7.0 -1.4 -0.4

Electricity (1)

196.961 195.913 196.090 1.0 -0.4 0.1

Utility (piped) gas service (1)

141.681 138.200 136.057 -22.8 -4.0 -1.6

Household furnishings and operations

115.743 115.088 114.930 -0.7 -0.7 -0.1

Apparel

122.731 120.087 116.220 -2.1 -5.3 -3.2

Transportation

196.789 192.703 186.673 -5.2 -5.1 -3.1

Private transportation

191.149 186.808 180.971 -5.4 -5.3 -3.1

New and used motor vehicles (3)

98.505 98.198 98.065 -0.3 -0.4 -0.1

New vehicles

139.115 139.507 139.731 0.0 0.4 0.2

New cars and trucks (3) (4)

98.543 98.734 98.894 0.1 0.4 0.2

New cars (4)

135.531 135.628 135.869 -0.2 0.2 0.2

Used cars and trucks

146.290 143.518 142.725 0.3 -2.4 -0.6

Motor fuel

217.297 198.363 174.035 -22.4 -19.9 -12.3

Gasoline (all types)

216.014 197.007 172.760 -22.3 -20.0 -12.3

Gasoline, unleaded regular (4)

210.759 191.809 167.221 -23.6 -20.7 -12.8

Gasoline, Unleaded midgrade (4) (5)

248.063 227.208 203.700 -17.8 -17.9 -10.3

Gasoline, unleaded premium (4)

235.064 216.831 196.843 -14.3 -16.3 -9.2

Medical Care

454.680 456.198 456.158 2.4 0.3 0.0

Medical care commodities

366.054 367.345 367.698 1.7 0.4 0.1

Medical care services

484.457 486.047 485.853 2.6 0.3 0.0

Professional services

392.671 393.089 393.920 1.9 0.3 0.2

Recreation (3)

117.320 116.914 116.820 -0.1 -0.4 -0.1

Education and communication (3)

140.687 140.814 140.809 0.9 0.1 0.0

Other goods and services

402.313 402.790 402.754 2.0 0.1 0.0
 

Commodity and Service Group

 
 

All Items

225.050 224.009 222.722 0.0 -1.0 -0.6

Commodities

178.837 176.406 173.956 -2.5 -2.7 -1.4

Commodities less food & beverages

148.592 145.614 142.071 -4.6 -4.4 -2.4

Nondurables less food & beverages

191.141 185.783 178.468 -6.8 -6.6 -3.9

Nondurables less food, beverages, and apparel

236.073 228.948 219.385 -8.3 -7.1 -4.2

Durables

106.346 105.538 105.394 -1.1 -0.9 -0.1

Services

272.847 273.173 273.027 1.6 0.1 -0.1

Rent of shelter (2)

257.566 257.912 257.965 2.3 0.2 0.0

Transportation services

293.796 296.418 294.734 1.9 0.3 -0.6

Other services

329.079 328.985 329.098 1.5 0.0 0.0
 

Special aggregate indexes:

 
 

All items less medical care

214.182 213.020 211.674 -0.3 -1.2 -0.6

All items less food

222.407 221.362 219.819 -0.2 -1.2 -0.7

All items less shelter

218.039 216.470 214.664 -1.0 -1.5 -0.8

Commodities less food

151.598 148.664 145.198 -4.4 -4.2 -2.3

Nondurables

215.796 212.470 208.707 -2.9 -3.3 -1.8

Nondurables less food

193.929 188.806 181.867 -6.3 -6.2 -3.7

Nondurables less food and apparel

235.409 228.843 220.113 -7.6 -6.5 -3.8

Services less rent of shelter (2)

305.415 305.736 305.354 0.8 0.0 -0.1

Services less medical care services

257.059 257.295 257.153 1.4 0.0 -0.1

Energy

192.789 183.519 172.607 -14.8 -10.5 -5.9

All items less energy

230.934 230.735 230.433 1.3 -0.2 -0.1

All items less food and energy

229.863 229.815 229.402 1.5 -0.2 -0.2

Commodities less food and energy commodities

146.534 145.592 144.724 -0.6 -1.2 -0.6

Energy commodities

216.065 197.788 174.361 -22.5 -19.3 -11.8

Services less energy services

284.720 285.298 285.208 2.2 0.2 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-
Oct.
2015
Nov.
2015
Dec.
2015
Dec.
2014
Oct.
2015
Nov.
2015

Expenditure category

 
 

All Items

219.875 218.569 217.076 -0.4 -1.3 -0.7

All items (December 1977=100)

355.586 353.474 351.060      

Food and beverages

241.461 240.322 240.429 0.5 -0.4 0.0

Food

241.190 240.036 240.126 0.4 -0.4 0.0

Food at home

232.007 230.047 230.145 -0.6 -0.8 0.0

Food away from home

257.892 258.309 258.382 2.3 0.2 0.0

Alcoholic beverages

244.122 243.231 243.618 0.7 -0.2 0.2

Housing

208.058 207.969 208.019 0.9 0.0 0.0

Shelter

240.194 240.625 240.820 2.3 0.3 0.1

Rent of primary residence (1)

250.509 251.213 251.579 2.6 0.4 0.1

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

237.115 237.803 238.259 2.3 0.5 0.2

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

237.123 237.810 238.264 2.3 0.5 0.2

Fuels and utilities

210.660 209.033 208.733 -4.8 -0.9 -0.1

Household energy

173.482 171.663 171.065 -7.4 -1.4 -0.3

Energy services (1)

179.422 177.558 176.948 -6.7 -1.4 -0.3

Electricity (1)

195.380 194.351 194.528 1.0 -0.4 0.1

Utility (piped) gas service (1)

142.275 138.815 136.666 -23.1 -3.9 -1.5

Household furnishings and operations

114.147 113.399 113.211 -0.9 -0.8 -0.2

Apparel

121.140 118.743 114.942 -2.0 -5.1 -3.2

Transportation

194.737 189.647 182.979 -6.0 -6.0 -3.5

Private transportation

191.259 186.033 179.465 -6.2 -6.2 -3.5

New and used motor vehicles (3)

98.690 98.032 97.770 -0.1 -0.9 -0.3

New vehicles

142.383 142.788 142.957 -0.1 0.4 0.1

Used cars and trucks

146.942 144.166 143.365 0.3 -2.4 -0.6

Motor fuel

218.046 198.865 174.645 -22.4 -19.9 -12.2

Gasoline (all types)

216.666 197.425 173.289 -22.3 -20.0 -12.2

Gasoline, unleaded regular (4)

211.233 192.083 167.620 -23.6 -20.6 -12.7

Gasoline, unleaded midgrade (4) (5)

248.076 227.061 203.598 -17.8 -17.9 -10.3

Gasoline, unleaded premium (4)

235.222 216.638 196.871 -14.4 -16.3 -9.1

Medical Care

460.010 461.573 461.516 2.4 0.3 0.0

Medical care commodities

359.927 361.112 361.494 1.7 0.4 0.1

Medical care services

491.082 492.767 492.531 2.6 0.3 0.0

Professional services

394.117 394.590 395.464 1.9 0.3 0.2

Recreation (3)

113.510 113.152 113.007 -0.7 -0.4 -0.1

Education and communication (3)

132.471 132.656 132.688 0.7 0.2 0.0

Other goods and services

447.525 448.371 449.210 2.8 0.4 0.2
 

Commodity and Service Group

 
 

All Items

219.875 218.569 217.076 -0.4 -1.3 -0.7

Commodities

181.544 178.735 175.929 -2.8 -3.1 -1.6

Commodities less food & beverages

152.538 149.039 144.999 -5.1 -4.9 -2.7

Nondurables less food & beverages

198.714 192.404 184.028 -7.7 -7.4 -4.4

Nondurables less food, beverages, and apparel

246.832 238.147 226.980 -9.2 -8.0 -4.7

Durables

108.448 107.455 107.240 -1.0 -1.1 -0.2

Services

265.490 265.879 265.862 1.5 0.1 0.0

Rent of shelter (2)

238.531 238.969 239.160 2.4 0.3 0.1

Transportation services

293.698 296.449 295.372 2.5 0.6 -0.4

Other services

304.687 304.817 304.910 1.2 0.1 0.0
 

Special aggregate indexes:

 
 

All items less medical care

210.659 209.250 207.707 -0.6 -1.4 -0.7

All items less food

215.767 214.435 212.657 -0.6 -1.4 -0.8

All items less shelter

215.019 213.082 210.973 -1.5 -1.9 -1.0

Commodities less food

155.317 151.873 147.932 -4.8 -4.8 -2.6

Nondurables

220.269 216.444 212.153 -3.4 -3.7 -2.0

Nondurables less food

200.989 194.966 187.052 -7.1 -6.9 -4.1

Nondurables less food and apparel

244.949 236.950 226.789 -8.4 -7.4 -4.3

Services less rent of shelter (2)

270.265 270.562 270.312 0.6 0.0 -0.1

Services less medical care services

250.552 250.864 250.860 1.4 0.1 0.0

Energy

193.549 183.637 172.019 -15.2 -11.1 -6.3

All items less energy

224.883 224.630 224.377 1.3 -0.2 -0.1

All items less food and energy

221.823 221.760 221.434 1.5 -0.2 -0.1

Commodities less food and energy commodities

149.653 148.623 147.798 -0.4 -1.2 -0.6

Energy commodities

217.373 198.675 175.132 -22.5 -19.4 -11.9

Services less energy services

276.865 277.551 277.612 2.2 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 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, January 20, 2016