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16-1318-KAN
Friday, July 15, 2016

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Consumer Price Index, Midwest Region – June 2016

Prices in the Midwest up 0.6 percent in June and 0.8 percent higher over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest rose 0.6 percent in June, the U.S. Bureau of Labor Statistics reported today. The monthly advance was largely attributable to a 6.5-percent increase in energy costs. Food prices declined 0.2 percent while the index for all items less food and energy was up 0.2 percent. (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 0.8 percent from June 2015 to June 2016. (See chart 1 and table A.) The energy index, which includes motor fuel and household fuels, fell 7.4 percent, but prices for food were up 0.4 percent. Excluding food and energy, the CPI-U rose 1.9 percent over the year. (See table 1.)

Food

Food prices in the Midwest declined 0.2 percent in June. The index for food at home decreased 0.4 percent while costs for food away from home were unchanged over the month.  

From June 2015 to June 2016, the index for food rose 0.4 percent, the smallest annual increase since April 2010. Rising costs for food away from home (2.7 percent) were responsible for the yearly advance. Prices for food at home registered their ninth consecutive over-the-year decline, down 1.2 percent since June 2015.

Energy

The energy index rose 6.5 percent in June, the fourth consecutive monthly advance. Higher prices for motor fuel (8.5 percent) and electricity (6.2 percent) led the gain. Electricity prices typically rise in June reflecting seasonal rate schedules. Higher costs for utility (piped) gas service (1.4 percent) also contributed to the increase in the energy index.

Despite the recent monthly advances, energy prices decreased 7.4 percent from June 2015 to June 2016. Prices for motor fuel and utility (piped) gas service were down 11.4 and 9.6 percent, respectively. Costs for electricity were 0.5 percent lower over the year.

All items less food and energy

The index for all items less food and energy for the Midwest rose 0.2 percent in June. Expenditure categories registering higher prices over the month included shelter (0.6 percent), recreation (0.7 percent), and medical care commodities (1.0 percent). In contrast, apparel (-1.8 percent) and used cars and trucks (-0.5 percent) were among the expenditure categories posting lower prices over the month.

The index for all items less food and energy was up 1.9 percent from June 2015 to June 2016. A 3.0-percent rise in shelter costs led the advance. Prices for medical care services had the next largest upward impact with a 3.8-percent increase.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 227.828 in June 2016. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $227.83 in June 2016.

CPI-W

In June, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 222.224, up 0.6 percent over the month. The CPI-W increased 0.5 percent over the year.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 2.8 0.1 1.3 0.5 1.4 -0.6 -0.3 0.3 0.8

February

0.2 2.7 1.1 2.2 0.6 0.9 0.3 -0.5 0.0 0.4

March

1.0 2.8 0.2 1.4 0.9 1.5 0.6 -0.9 0.6 0.5

April

0.2 2.3 -0.1 1.2 0.3 1.9 0.1 -1.1 0.4 0.8

May

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

June

-0.1 1.4 0.3 2.2 0.5 1.7 0.5 -0.7 0.6 0.8

July

0.0 1.3 -0.4 1.8 -0.3 1.8 0.0 -0.5    

August

0.7 1.8 0.1 1.2 -0.2 1.6 0.0 -0.3    

September

0.3 1.9 0.1 1.0 0.1 1.6 -0.3 -0.8    

October

-0.3 2.2 -0.5 0.8 -0.5 1.6 -0.1 -0.3    

November

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

December

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

The July 2016 Consumer Price Index for the Midwest region is scheduled to be released on Tuesday, August 16, 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-
Apr.
2016
May
2016
Jun.
2016
Jun.
2015
Apr.
2016
May
2016

Expenditure category

 
 

All Items

225.609 226.478 227.828 0.8 1.0 0.6

All items (December 1977=100)

367.079 368.492 370.689      

Food and beverages

240.898 240.398 239.963 0.4 -0.4 -0.2

Food

240.489 239.941 239.478 0.4 -0.4 -0.2

Food at home

228.662 227.107 226.303 -1.2 -1.0 -0.4

Food away from home

260.295 261.470 261.589 2.7 0.5 0.0

Alcoholic beverages

244.237 244.453 244.428 1.5 0.1 0.0

Housing

214.974 215.543 217.518 1.9 1.2 0.9

Shelter

254.693 255.109 256.656 3.0 0.8 0.6

Rent of primary residence (1)

252.983 253.486 254.235 2.8 0.5 0.3

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

257.889 258.534 259.216 2.7 0.5 0.3

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

257.877 258.523 259.206 2.7 0.5 0.3

Fuels and utilities

207.060 209.801 217.622 -1.6 5.1 3.7

Household energy

168.634 171.218 179.174 -3.3 6.3 4.6

Energy services (1)

175.795 178.634 187.236 -3.2 6.5 4.8

Electricity (1)

196.351 200.527 212.924 -0.5 8.4 6.2

Utility (piped) gas service (1)

131.335 131.821 133.708 -9.6 1.8 1.4

Household furnishings and operations

115.053 114.784 114.596 -1.2 -0.4 -0.2

Apparel

118.214 118.928 116.767 -0.3 -1.2 -1.8

Transportation

192.163 195.422 198.807 -3.6 3.5 1.7

Private transportation

185.942 189.040 192.751 -3.7 3.7 2.0

New and used motor vehicles (3)

99.447 99.168 99.176 -1.0 -0.3 0.0

New vehicles

139.816 139.611 139.739 -0.5 -0.1 0.1

New cars and trucks (3) (4)

98.824 98.711 98.802 -0.5 0.0 0.1

New cars (4)

135.719 135.531 135.564 -0.9 -0.1 0.0

Used cars and trucks

148.092 147.886 147.087 -2.9 -0.7 -0.5

Motor fuel

189.416 204.859 222.246 -11.4 17.3 8.5

Gasoline (all types)

188.601 203.986 221.405 -11.2 17.4 8.5

Gasoline, unleaded regular (4)

183.205 198.571 216.066 -12.1 17.9 8.8

Gasoline, Unleaded midgrade (4) (5)

220.484 236.644 253.631 -9.2 15.0 7.2

Gasoline, unleaded premium (4)

210.119 224.387 240.606 -6.2 14.5 7.2

Medical Care

465.161 466.998 467.459 3.6 0.5 0.1

Medical care commodities

376.989 374.011 377.876 2.9 0.2 1.0

Medical care services

494.715 498.263 497.507 3.8 0.6 -0.2

Professional services

401.109 406.529 406.220 3.8 1.3 -0.1

Recreation (3)

119.005 118.939 119.718 1.7 0.6 0.7

Education and communication (3)

140.773 140.355 140.213 0.8 -0.4 -0.1

Other goods and services

406.716 408.204 409.344 2.0 0.6 0.3
 

Commodity and Service Group

 
 

All Items

225.609 226.478 227.828 0.8 1.0 0.6

Commodities

176.218 177.169 177.969 -1.6 1.0 0.5

Commodities less food & beverages

144.924 146.425 147.695 -3.0 1.9 0.9

Nondurables less food & beverages

183.774 187.479 190.727 -3.2 3.8 1.7

Nondurables less food, beverages, and apparel

226.842 232.484 239.213 -4.1 5.5 2.9

Durables

106.232 105.995 105.710 -2.0 -0.5 -0.3

Services

276.559 277.345 279.260 2.4 1.0 0.7

Rent of shelter (2)

261.666 262.087 263.726 3.0 0.8 0.6

Transportation services

299.813 300.661 300.346 1.9 0.2 -0.1

Other services

332.868 332.578 334.538 2.3 0.5 0.6
 

Special aggregate indexes:

 
 

All items less medical care

214.271 215.093 216.486 0.6 1.0 0.6

All items less food

223.082 224.177 225.816 0.9 1.2 0.7

All items less shelter

217.348 218.385 219.678 -0.1 1.1 0.6

Commodities less food

148.038 149.513 150.754 -2.8 1.8 0.8

Nondurables

211.801 213.519 215.027 -1.4 1.5 0.7

Nondurables less food

186.980 190.490 193.554 -3.0 3.5 1.6

Nondurables less food and apparel

227.040 232.176 238.276 -3.7 4.9 2.6

Services less rent of shelter (2)

308.907 310.138 312.465 1.8 1.2 0.8

Services less medical care services

260.292 260.876 262.983 2.2 1.0 0.8

Energy

178.323 186.465 198.523 -7.4 11.3 6.5

All items less energy

233.076 233.238 233.549 1.7 0.2 0.1

All items less food and energy

232.439 232.730 233.182 1.9 0.3 0.2

Commodities less food and energy commodities

146.190 146.086 145.483 -0.5 -0.5 -0.4

Energy commodities

189.008 203.723 220.358 -11.3 16.6 8.2

Services less energy services

289.317 289.892 291.114 2.8 0.6 0.4

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-
Apr.
2016
May
2016
Jun.
2016
Jun.
2015
Apr.
2016
May
2016

Expenditure category

 
 

All Items

219.816 220.833 222.224 0.5 1.1 0.6

All items (December 1977=100)

355.491 357.136 359.385      

Food and beverages

240.986 240.312 239.903 0.2 -0.4 -0.2

Food

240.589 239.854 239.419 0.1 -0.5 -0.2

Food at home

229.263 227.647 226.964 -1.3 -1.0 -0.3

Food away from home

261.616 262.708 262.789 2.8 0.4 0.0

Alcoholic beverages

245.702 246.027 246.052 1.9 0.1 0.0

Housing

209.764 210.481 212.253 1.7 1.2 0.8

Shelter

243.586 244.072 245.147 2.8 0.6 0.4

Rent of primary residence (1)

253.595 254.101 254.852 2.8 0.5 0.3

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

240.390 241.006 241.628 2.7 0.5 0.3

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

240.390 241.010 241.630 2.7 0.5 0.3

Fuels and utilities

208.388 211.183 218.829 -1.6 5.0 3.6

Household energy

169.697 172.293 180.001 -3.2 6.1 4.5

Energy services (1)

175.511 178.419 186.752 -3.1 6.4 4.7

Electricity (1)

194.849 199.019 210.695 -0.6 8.1 5.9

Utility (piped) gas service (1)

132.205 132.734 134.736 -9.4 1.9 1.5

Household furnishings and operations

113.064 113.026 112.782 -1.5 -0.2 -0.2

Apparel

115.787 116.956 114.069 -1.5 -1.5 -2.5

Transportation

188.984 192.670 196.607 -4.1 4.0 2.0

Private transportation

185.270 188.869 192.941 -4.2 4.1 2.2

New and used motor vehicles (3)

99.696 99.540 99.467 -1.3 -0.2 -0.1

New vehicles

143.171 142.980 143.092 -0.4 -0.1 0.1

Used cars and trucks

148.726 148.499 147.690 -2.9 -0.7 -0.5

Motor fuel

190.071 205.454 222.789 -11.4 17.2 8.4

Gasoline (all types)

189.154 204.469 221.815 -11.3 17.3 8.5

Gasoline, unleaded regular (4)

183.624 198.883 216.279 -12.1 17.8 8.7

Gasoline, unleaded midgrade (4) (5)

220.449 236.643 253.730 -9.1 15.1 7.2

Gasoline, unleaded premium (4)

210.000 224.271 240.356 -6.2 14.5 7.2

Medical Care

470.969 472.524 472.968 3.6 0.4 0.1

Medical care commodities

370.457 366.694 370.801 2.7 0.1 1.1

Medical care services

502.064 505.498 504.633 3.9 0.5 -0.2

Professional services

403.669 408.874 408.624 4.0 1.2 -0.1

Recreation (3)

115.229 115.116 115.518 1.4 0.3 0.3

Education and communication (3)

132.651 132.174 132.049 0.7 -0.5 -0.1

Other goods and services

453.227 454.081 456.608 2.6 0.7 0.6
 

Commodity and Service Group

 
 

All Items

219.816 220.833 222.224 0.5 1.1 0.6

Commodities

178.547 179.801 180.938 -1.8 1.3 0.6

Commodities less food & beverages

148.346 150.322 152.032 -3.3 2.5 1.1

Nondurables less food & beverages

189.862 194.624 199.016 -3.6 4.8 2.3

Nondurables less food, beverages, and apparel

235.695 242.548 251.021 -4.3 6.5 3.5

Durables

108.573 108.409 108.071 -2.1 -0.5 -0.3

Services

268.798 269.587 271.281 2.2 0.9 0.6

Rent of shelter (2)

241.959 242.434 243.545 2.9 0.7 0.5

Transportation services

298.834 299.680 299.874 2.4 0.3 0.1

Other services

308.237 307.752 308.960 2.0 0.2 0.4
 

Special aggregate indexes:

 
 

All items less medical care

210.189 211.186 212.613 0.2 1.2 0.7

All items less food

215.753 217.048 218.728 0.5 1.4 0.8

All items less shelter

213.734 214.951 216.470 -0.4 1.3 0.7

Commodities less food

151.268 153.217 154.898 -3.1 2.4 1.1

Nondurables

215.502 217.696 219.821 -1.5 2.0 1.0

Nondurables less food

192.702 197.245 201.421 -3.2 4.5 2.1

Nondurables less food and apparel

234.948 241.265 249.047 -3.8 6.0 3.2

Services less rent of shelter (2)

273.127 274.181 276.344 1.6 1.2 0.8

Services less medical care services

253.382 254.008 255.848 2.1 1.0 0.7

Energy

178.439 186.952 199.092 -7.7 11.6 6.5

All items less energy

226.704 226.838 226.964 1.5 0.1 0.1

All items less food and energy

224.106 224.402 224.631 1.8 0.2 0.1

Commodities less food and energy commodities

149.411 149.391 148.736 -0.6 -0.5 -0.4

Energy commodities

189.822 204.416 220.984 -11.5 16.4 8.1

Services less energy services

281.089 281.624 282.517 2.8 0.5 0.3

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: Friday, July 15, 2016