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15-1195-KAN
Thursday, June 18, 2015

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Consumer Price Index, Midwest Region – May 2015

Prices in the Midwest up 0.4 percent in May but 0.8 percent lower over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest rose 0.4 percent in May, the U.S. Bureau of Labor Statistics reported today. The monthly increase was led by higher prices for motor fuel. Overall, energy costs advanced 4.3 percent over the month. The indexes for food (-0.1 percent) and all items less food and energy (0.1 percent) registered little movement over the month.

The CPI-U for the Midwest declined 0.8 percent from May 2014 to May 2015. Food prices increased 1.2 percent and the energy index, which includes motor fuel and household fuels, fell 18.7 percent. Excluding food and energy, the CPI-U rose 1.2 percent over the year. (See chart 1.)

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

Food

Food prices in the Midwest were little changed (-0.1 percent) in May. The index for food at home was down 0.2 percent while costs for food away from home registered little movement (0.1 percent).  

From May 2014 to May 2015, the index for food was up 1.2 percent led by a 3.1-percent rise in costs for food away from home. Prices for food at home were virtually unchanged over the year (0.1 percent).

Energy

The energy index for the Midwest advanced 4.3 percent in May following a 1.1-percent decline in the previous month. The rise was largely attributable to an 8.5-percent jump in motor fuel prices. Costs for electricity rose 1.4 percent while prices for utility (piped) gas service were 1.8 percent lower over the month.

Despite the monthly increase, the index for energy fell 18.7 percent from May 2014 to May 2015, led by a 27.8-percent drop in motor fuel prices. Costs for utility (piped) gas service were 25.0 percent lower over the year, while electricity prices advanced 4.4 percent.

All items less food and energy

The index for all items less food and energy for the Midwest registered little movement (0.1 percent) in May due to offsetting movements. Expenditure categories registering higher prices over the month included shelter (0.2 percent) and used cars and trucks (0.7 percent). In contrast, apparel (-0.9 percent) and education and communication (-0.3 percent) were among the expenditure categories posting lower prices over the month.

The index for all items less food and energy increased 1.2 percent from May 2014 to May 2015. Higher costs for shelter (2.2 percent) and medical care (2.7 percent) led the advance.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 224.732 in May 2015. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $224.73 in May 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 May, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 219.773, up 0.5 percent over the month. The CPI-W decreased 1.4 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    

July

0.1 3.8 0.0 1.3 -0.4 1.8 -0.3 1.8    

August

0.2 3.8 0.7 1.8 0.1 1.2 -0.2 1.6    

September

0.2 3.9 0.3 1.9 0.1 1.0 0.1 1.6    

October

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

November

0.0 3.3 -0.4 1.8 -0.2 1.0 -0.6 1.2    

December

-0.2 2.8 -0.2 1.8 -0.2 1.0 -0.7 0.7    

The June 2015 Consumer Price Index for the Midwest region is scheduled to be released on Friday, July 17, 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 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-
Mar.
2015
Apr.
2015
May
2015
May
2014
Mar.
2015
Apr.
2015

Expenditure category

 
 

All Items

223.550 223.797 224.732 -0.8 0.5 0.4

All items (December 1977=100)

363.728 364.130 365.651      

Food and beverages

238.426 238.898 238.696 1.2 0.1 -0.1

Food

238.005 238.467 238.255 1.2 0.1 -0.1

Food at home

229.093 229.209 228.729 0.1 -0.2 -0.2

Food away from home

252.839 253.892 254.137 3.1 0.5 0.1

Alcoholic beverages

242.094 242.707 242.664 1.3 0.2 0.0

Housing

211.611 211.339 211.741 0.9 0.1 0.2

Shelter

247.671 247.830 248.321 2.2 0.3 0.2

Rent of primary residence (1)

245.907 246.118 246.387 2.8 0.2 0.1

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

251.079 251.318 251.641 1.9 0.2 0.1

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

251.076 251.316 251.641 1.9 0.2 0.1

Fuels and utilities

215.017 210.883 211.508 -4.4 -1.6 0.3

Household energy

179.444 174.941 175.274 -6.7 -2.3 0.2

Energy services (1)

185.834 181.324 182.188 -6.1 -2.0 0.5

Electricity (1)

195.988 196.065 198.864 4.4 1.5 1.4

Utility (piped) gas service (1)

159.376 146.758 144.084 -25.0 -9.6 -1.8

Household furnishings and operations

115.728 116.649 116.649 -0.8 0.8 0.0

Apparel

119.180 118.888 117.773 -5.0 -1.2 -0.9

Transportation

196.851 197.917 203.114 -8.5 3.2 2.6

Private transportation

191.410 192.152 196.924 -8.8 2.9 2.5

New and used motor vehicles (3)

99.690 100.176 100.403 0.7 0.7 0.2

New vehicles

140.770 140.375 140.597 1.4 -0.1 0.2

New cars and trucks (3) (4)

99.671 99.387 99.493 1.5 -0.2 0.1

New cars (4)

137.488 137.151 137.163 1.4 -0.2 0.0

Used cars and trucks

147.134 150.055 151.090 -1.0 2.7 0.7

Motor fuel

216.852 217.847 236.460 -27.8 9.0 8.5

Gasoline (all types)

215.352 216.441 235.103 -27.8 9.2 8.6

Gasoline, unleaded regular (4)

211.598 212.664 231.520 -28.3 9.4 8.9

Gasoline, Unleaded midgrade (4) (5)

244.607 245.031 264.781 -26.5 8.2 8.1

Gasoline, unleaded premium (4)

224.100 225.736 242.260 -24.9 8.1 7.3

Medical Care

448.997 452.309 452.171 2.7 0.7 0.0

Medical care commodities

367.210 368.360 368.131 4.5 0.3 -0.1

Medical care services

476.141 480.267 480.167 2.2 0.8 0.0

Professional services

387.102 392.309 392.239 1.5 1.3 0.0

Recreation (3)

117.834 117.673 117.763 -0.2 -0.1 0.1

Education and communication (3)

139.817 139.798 139.344 -0.2 -0.3 -0.3

Other goods and services

399.511 399.240 400.002 1.3 0.1 0.2
 

Commodity and Service Group

 
 

All Items

223.550 223.797 224.732 -0.8 0.5 0.4

Commodities

178.233 178.592 179.851 -4.0 0.9 0.7

Commodities less food & beverages

148.832 149.135 150.980 -7.3 1.4 1.2

Nondurables less food & beverages

190.312 190.305 194.055 -11.0 2.0 2.0

Nondurables less food, beverages, and apparel

236.976 237.153 244.031 -12.8 3.0 2.9

Durables

107.504 108.064 108.192 -0.7 0.6 0.1

Services

270.445 270.585 271.206 1.4 0.3 0.2

Rent of shelter (2)

254.351 254.489 255.013 2.2 0.3 0.2

Transportation services

291.422 293.419 295.699 2.5 1.5 0.8

Other services

326.611 326.858 327.143 1.1 0.2 0.1
 

Special aggregate indexes:

 
 

All items less medical care

212.880 212.982 213.968 -1.1 0.5 0.5

All items less food

221.101 221.313 222.434 -1.2 0.6 0.5

All items less shelter

217.124 217.407 218.520 -2.0 0.6 0.5

Commodities less food

151.812 152.124 153.930 -6.9 1.4 1.2

Nondurables

214.134 214.354 216.255 -5.0 1.0 0.9

Nondurables less food

193.099 193.124 196.681 -10.4 1.9 1.8

Nondurables less food and apparel

236.166 236.376 242.658 -11.8 2.7 2.7

Services less rent of shelter (2)

303.812 303.960 304.728 0.7 0.3 0.3

Services less medical care services

255.078 254.939 255.609 1.3 0.2 0.3

Energy

196.429 194.290 202.549 -18.7 3.1 4.3

All items less energy

228.883 229.381 229.565 1.2 0.3 0.1

All items less food and energy

227.923 228.429 228.689 1.2 0.3 0.1

Commodities less food and energy commodities

146.607 146.893 146.660 -0.9 0.0 -0.2

Energy commodities

217.372 217.927 235.229 -27.6 8.2 7.9

Services less energy services

281.406 282.057 282.656 2.0 0.4 0.2

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-
Mar.
2015
Apr.
2015
May
2015
May
2014
Mar.
2015
Apr.
2015

Expenditure category

 
 

All Items

218.486 218.701 219.773 -1.4 0.6 0.5

All items (December 1977=100)

353.341 353.688 355.421      

Food and beverages

238.850 239.278 239.044 1.3 0.1 -0.1

Food

238.516 238.920 238.668 1.2 0.1 -0.1

Food at home

230.019 230.075 229.522 0.1 -0.2 -0.2

Food away from home

253.897 254.974 255.309 3.2 0.6 0.1

Alcoholic beverages

242.526 243.345 243.407 1.5 0.4 0.0

Housing

206.814 206.454 206.881 0.9 0.0 0.2

Shelter

237.080 237.230 237.663 2.3 0.2 0.2

Rent of primary residence (1)

246.588 246.793 247.057 2.8 0.2 0.1

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

234.095 234.327 234.637 2.0 0.2 0.1

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

234.105 234.338 234.649 2.0 0.2 0.1

Fuels and utilities

215.945 211.898 212.672 -4.2 -1.5 0.4

Household energy

180.066 175.677 176.167 -6.4 -2.2 0.3

Energy services (1)

185.035 180.687 181.709 -5.9 -1.8 0.6

Electricity (1)

194.621 194.694 197.543 4.3 1.5 1.5

Utility (piped) gas service (1)

160.335 147.365 144.736 -25.5 -9.7 -1.8

Household furnishings and operations

114.123 115.025 115.186 -1.0 0.9 0.1

Apparel

117.486 117.348 116.474 -4.3 -0.9 -0.7

Transportation

194.755 195.874 201.473 -9.9 3.4 2.9

Private transportation

191.345 192.325 197.694 -10.0 3.3 2.8

New and used motor vehicles (3)

99.651 100.462 100.821 0.3 1.2 0.4

New vehicles

144.103 143.715 143.938 1.3 -0.1 0.2

Used cars and trucks

147.769 150.700 151.738 -1.0 2.7 0.7

Motor fuel

217.516 218.378 237.073 -27.8 9.0 8.6

Gasoline (all types)

215.927 216.885 235.619 -27.8 9.1 8.6

Gasoline, unleaded regular (4)

212.015 212.953 231.882 -28.3 9.4 8.9

Gasoline, unleaded midgrade (4) (5)

244.428 244.792 264.433 -26.6 8.2 8.0

Gasoline, unleaded premium (4)

224.112 225.583 242.079 -24.9 8.0 7.3

Medical Care

454.386 457.501 457.217 2.6 0.6 -0.1

Medical care commodities

361.026 362.113 361.729 4.5 0.2 -0.1

Medical care services

482.825 486.704 486.468 2.1 0.8 0.0

Professional services

388.588 393.374 393.404 1.4 1.2 0.0

Recreation (3)

114.502 114.326 114.071 -0.4 -0.4 -0.2

Education and communication (3)

131.979 131.974 131.413 -0.9 -0.4 -0.4

Other goods and services

442.505 441.953 442.822 1.1 0.1 0.2
 

Commodity and Service Group

 
 

All Items

218.486 218.701 219.773 -1.4 0.6 0.5

Commodities

180.817 181.249 182.877 -4.6 1.1 0.9

Commodities less food & beverages

152.648 153.076 155.496 -8.2 1.9 1.6

Nondurables less food & beverages

197.626 197.646 202.503 -12.4 2.5 2.5

Nondurables less food, beverages, and apparel

247.230 247.342 255.616 -14.3 3.4 3.3

Durables

109.577 110.339 110.605 -0.7 0.9 0.2

Services

263.337 263.307 263.757 1.3 0.2 0.2

Rent of shelter (2)

235.417 235.541 235.986 2.3 0.2 0.2

Transportation services

290.842 292.184 293.651 3.1 1.0 0.5

Other services

303.328 303.588 303.258 0.5 0.0 -0.1
 

Special aggregate indexes:

 
 

All items less medical care

209.428 209.536 210.656 -1.7 0.6 0.5

All items less food

214.613 214.793 216.104 -1.9 0.7 0.6

All items less shelter

214.229 214.469 215.780 -2.7 0.7 0.6

Commodities less food

155.384 155.823 158.191 -7.8 1.8 1.5

Nondurables

218.437 218.655 221.060 -5.7 1.2 1.1

Nondurables less food

199.875 199.937 204.540 -11.7 2.3 2.3

Nondurables less food and apparel

245.184 245.352 252.909 -13.3 3.2 3.1

Services less rent of shelter (2)

269.402 269.201 269.613 0.4 0.1 0.2

Services less medical care services

248.767 248.511 248.998 1.2 0.1 0.2

Energy

196.786 194.866 203.848 -19.4 3.6 4.6

All items less energy

222.911 223.391 223.494 1.2 0.3 0.0

All items less food and energy

219.996 220.493 220.671 1.2 0.3 0.1

Commodities less food and energy commodities

149.579 150.022 149.943 -0.8 0.2 -0.1

Energy commodities

218.310 218.807 236.439 -27.6 8.3 8.1

Services less energy services

273.689 274.227 274.603 2.0 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: Thursday, June 18, 2015