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16-1689-KAN
Tuesday, August 16, 2016

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Consumer Price Index, Midwest Region – July 2016

Prices in the Midwest down 0.5 percent in July, but 0.4 percent higher over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was down 0.5 percent in July following four consecutive monthly increases, the U.S. Bureau of Labor Statistics reported today. The July decrease was largely attributable to a 10.2-percent drop in motor fuel costs. The index for all items less food and energy, down 0.2 percent, also contributed to the monthly decline. Food prices were little changed (-0.1 percent) over the month. (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 0.4 percent from July 2015 to July 2016. (See chart 1 and table A.) The energy index, which includes motor fuel and household fuels, fell 10.4 percent, and prices for food were unchanged. Excluding food and energy, the CPI-U rose 1.8 percent over the year. (See table 1.)

Food

Food prices in the Midwest registered little movement (-0.1 percent) in July. The index for food at home was 0.2 percent lower, while costs for food away from home (0.1 percent) were virtually unchanged over the month.

From July 2015 to July 2016, the index for food was unchanged. Prices for food at home registered their tenth consecutive over-the-year decrease, down 1.8 percent since July 2015. This is the largest annual decline in the food at home index since November 2009. Costs for food away from home rose 2.7 percent over the year, offsetting the decrease in the food at home index.

Energy

The energy index turned down 3.9 percent in July following four consecutive monthly advances. The decrease in energy costs was largely attributable to a 10.2-percent decline in motor fuel prices. Conversely, electricity prices rose 0.5 percent and utility (piped) gas service costs advanced 6.4 percent over the month.

Energy costs fell 10.4 percent from July 2015 to July 2016, led by a 19.1-percent drop in motor fuel prices. Lower costs for utility (piped) gas service (-3.5 percent) and electricity (-0.8 percent) also contributed to the decline.

All items less food and energy

The index for all items less food and energy for the Midwest decreased 0.2 percent in July. Expenditure categories registering lower prices over the month included apparel (-2.6 percent), recreation (-0.3 percent), and new and used motor vehicles (-0.2 percent).

The index for all items less food and energy was up 1.8 percent from July 2015 to July 2016. A 2.7-percent rise in shelter costs led the advance. Prices for medical care services had the next largest upward impact with a 4.3-percent increase.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 226.777 in July 2016. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $226.78 in July 2016.

CPI-W

In July, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 221.072, down 0.5 percent over the month. The CPI-W was unchanged 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 -0.5 0.4

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 August 2016 Consumer Price Index for the Midwest region is scheduled to be released on Friday, September 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: (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-
May
2016
Jun.
2016
Jul.
2016
Jul.
2015
May
2016
Jun.
2016

Expenditure category

 
 

All Items

226.478 227.828 226.777 0.4 0.1 -0.5

All items (December 1977=100)

368.492 370.689 368.980      

Food and beverages

240.398 239.963 239.675 0.1 -0.3 -0.1

Food

239.941 239.478 239.193 0.0 -0.3 -0.1

Food at home

227.107 226.303 225.750 -1.8 -0.6 -0.2

Food away from home

261.470 261.589 261.764 2.7 0.1 0.1

Alcoholic beverages

244.453 244.428 244.086 1.5 -0.2 -0.1

Housing

215.543 217.518 217.823 1.8 1.1 0.1

Shelter

255.109 256.656 256.461 2.7 0.5 -0.1

Rent of primary residence (1)

253.486 254.235 254.876 2.9 0.5 0.3

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

258.534 259.216 259.951 2.9 0.5 0.3

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

258.523 259.206 259.941 2.9 0.5 0.3

Fuels and utilities

209.801 217.622 221.092 -0.4 5.4 1.6

Household energy

171.218 179.174 182.814 -1.6 6.8 2.0

Energy services (1)

178.634 187.236 191.213 -1.6 7.0 2.1

Electricity (1)

200.527 212.924 213.959 -0.8 6.7 0.5

Utility (piped) gas service (1)

131.821 133.708 142.223 -3.5 7.9 6.4

Household furnishings and operations

114.784 114.596 114.496 -1.5 -0.3 -0.1

Apparel

118.928 116.767 113.700 -1.4 -4.4 -2.6

Transportation

195.422 198.807 193.405 -5.5 -1.0 -2.7

Private transportation

189.040 192.751 187.884 -5.6 -0.6 -2.5

New and used motor vehicles (3)

99.168 99.176 98.956 -1.1 -0.2 -0.2

New vehicles

139.611 139.739 139.202 0.0 -0.3 -0.4

New cars and trucks (3) (4)

98.711 98.802 98.363 -0.3 -0.4 -0.4

New cars (4)

135.531 135.564 134.755 -0.6 -0.6 -0.6

Used cars and trucks

147.886 147.087 146.282 -3.5 -1.1 -0.5

Motor fuel

204.859 222.246 199.520 -19.1 -2.6 -10.2

Gasoline (all types)

203.986 221.405 198.498 -19.1 -2.7 -10.3

Gasoline, unleaded regular (4)

198.571 216.066 192.969 -20.1 -2.8 -10.7

Gasoline, Unleaded midgrade (4) (5)

236.644 253.631 229.768 -16.6 -2.9 -9.4

Gasoline, unleaded premium (4)

224.387 240.606 220.598 -13.3 -1.7 -8.3

Medical Care

466.998 467.459 470.596 4.3 0.8 0.7

Medical care commodities

374.011 377.876 381.059 4.1 1.9 0.8

Medical care services

498.263 497.507 500.615 4.3 0.5 0.6

Professional services

406.529 406.220 405.979 3.6 -0.1 -0.1

Recreation (3)

118.939 119.718 119.374 1.4 0.4 -0.3

Education and communication (3)

140.355 140.213 140.204 0.6 -0.1 0.0

Other goods and services

408.204 409.344 408.123 1.7 0.0 -0.3
 

Commodity and Service Group

 
 

All Items

226.478 227.828 226.777 0.4 0.1 -0.5

Commodities

177.169 177.969 175.534 -2.6 -0.9 -1.4

Commodities less food & beverages

146.425 147.695 144.476 -4.5 -1.3 -2.2

Nondurables less food & beverages

187.479 190.727 184.297 -5.6 -1.7 -3.4

Nondurables less food, beverages, and apparel

232.484 239.213 230.592 -6.8 -0.8 -3.6

Durables

105.995 105.710 105.093 -2.4 -0.9 -0.6

Services

277.345 279.260 279.621 2.4 0.8 0.1

Rent of shelter (2)

262.087 263.726 263.511 2.8 0.5 -0.1

Transportation services

300.661 300.346 298.673 1.5 -0.7 -0.6

Other services

332.578 334.538 334.674 2.3 0.6 0.0
 

Special aggregate indexes:

 
 

All items less medical care

215.093 216.486 215.236 0.0 0.1 -0.6

All items less food

224.177 225.816 224.644 0.5 0.2 -0.5

All items less shelter

218.385 219.678 218.313 -0.6 0.0 -0.6

Commodities less food

149.513 150.754 147.595 -4.2 -1.3 -2.1

Nondurables

213.519 215.027 211.494 -2.7 -0.9 -1.6

Nondurables less food

190.490 193.554 187.465 -5.2 -1.6 -3.1

Nondurables less food and apparel

232.176 238.276 230.428 -6.2 -0.8 -3.3

Services less rent of shelter (2)

310.138 312.465 313.473 2.1 1.1 0.3

Services less medical care services

260.876 262.983 263.143 2.2 0.9 0.1

Energy

186.465 198.523 190.806 -10.4 2.3 -3.9

All items less energy

233.238 233.549 233.143 1.5 0.0 -0.2

All items less food and energy

232.730 233.182 232.753 1.8 0.0 -0.2

Commodities less food and energy commodities

146.086 145.483 144.519 -0.8 -1.1 -0.7

Energy commodities

203.723 220.358 198.588 -18.6 -2.5 -9.9

Services less energy services

289.892 291.114 291.095 2.7 0.4 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-
May
2016
Jun.
2016
Jul.
2016
Jul.
2015
May
2016
Jun.
2016

Expenditure category

 
 

All Items

220.833 222.224 221.072 0.0 0.1 -0.5

All items (December 1977=100)

357.136 359.385 357.522      

Food and beverages

240.312 239.903 239.622 -0.2 -0.3 -0.1

Food

239.854 239.419 239.138 -0.3 -0.3 -0.1

Food at home

227.647 226.964 226.461 -2.0 -0.5 -0.2

Food away from home

262.708 262.789 262.970 2.8 0.1 0.1

Alcoholic beverages

246.027 246.052 245.769 1.8 -0.1 -0.1

Housing

210.481 212.253 212.846 1.8 1.1 0.3

Shelter

244.072 245.147 245.338 2.7 0.5 0.1

Rent of primary residence (1)

254.101 254.852 255.497 2.9 0.5 0.3

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

241.006 241.628 242.309 2.9 0.5 0.3

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

241.010 241.630 242.307 2.9 0.5 0.3

Fuels and utilities

211.183 218.829 222.453 -0.3 5.3 1.7

Household energy

172.293 180.001 183.772 -1.5 6.7 2.1

Energy services (1)

178.419 186.752 190.849 -1.4 7.0 2.2

Electricity (1)

199.019 210.695 211.939 -0.7 6.5 0.6

Utility (piped) gas service (1)

132.734 134.736 143.651 -3.0 8.2 6.6

Household furnishings and operations

113.026 112.782 112.444 -1.9 -0.5 -0.3

Apparel

116.956 114.069 110.484 -3.3 -5.5 -3.1

Transportation

192.670 196.607 190.781 -6.3 -1.0 -3.0

Private transportation

188.869 192.941 187.372 -6.4 -0.8 -2.9

New and used motor vehicles (3)

99.540 99.467 99.183 -1.4 -0.4 -0.3

New vehicles

142.980 143.092 142.430 0.0 -0.4 -0.5

Used cars and trucks

148.499 147.690 146.849 -3.5 -1.1 -0.6

Motor fuel

205.454 222.789 199.825 -19.2 -2.7 -10.3

Gasoline (all types)

204.469 221.815 198.700 -19.2 -2.8 -10.4

Gasoline, unleaded regular (4)

198.883 216.279 193.009 -20.1 -3.0 -10.8

Gasoline, unleaded midgrade (4) (5)

236.643 253.730 229.704 -16.6 -2.9 -9.5

Gasoline, unleaded premium (4)

224.271 240.356 220.247 -13.4 -1.8 -8.4

Medical Care

472.524 472.968 476.383 4.4 0.8 0.7

Medical care commodities

366.694 370.801 374.242 4.0 2.1 0.9

Medical care services

505.498 504.633 508.003 4.5 0.5 0.7

Professional services

408.874 408.624 408.334 3.8 -0.1 -0.1

Recreation (3)

115.116 115.518 115.159 1.1 0.0 -0.3

Education and communication (3)

132.174 132.049 132.050 0.6 -0.1 0.0

Other goods and services

454.081 456.608 455.535 2.0 0.3 -0.2
 

Commodity and Service Group

 
 

All Items

220.833 222.224 221.072 0.0 0.1 -0.5

Commodities

179.801 180.938 177.939 -3.1 -1.0 -1.7

Commodities less food & beverages

150.322 152.032 148.055 -5.2 -1.5 -2.6

Nondurables less food & beverages

194.624 199.016 190.890 -6.7 -1.9 -4.1

Nondurables less food, beverages, and apparel

242.548 251.021 240.192 -7.7 -1.0 -4.3

Durables

108.409 108.071 107.350 -2.5 -1.0 -0.7

Services

269.587 271.281 272.060 2.4 0.9 0.3

Rent of shelter (2)

242.434 243.545 243.725 2.8 0.5 0.1

Transportation services

299.680 299.874 299.976 2.3 0.1 0.0

Other services

307.752 308.960 309.153 2.1 0.5 0.1
 

Special aggregate indexes:

 
 

All items less medical care

211.186 212.613 211.286 -0.4 0.0 -0.6

All items less food

217.048 218.728 217.440 0.0 0.2 -0.6

All items less shelter

214.951 216.470 214.827 -1.1 -0.1 -0.8

Commodities less food

153.217 154.898 150.984 -5.0 -1.5 -2.5

Nondurables

217.696 219.821 215.394 -3.3 -1.1 -2.0

Nondurables less food

197.245 201.421 193.683 -6.2 -1.8 -3.8

Nondurables less food and apparel

241.265 249.047 239.082 -7.0 -0.9 -4.0

Services less rent of shelter (2)

274.181 276.344 277.693 2.0 1.3 0.5

Services less medical care services

254.008 255.848 256.467 2.1 1.0 0.2

Energy

186.952 199.092 190.453 -11.0 1.9 -4.3

All items less energy

226.838 226.964 226.692 1.3 -0.1 -0.1

All items less food and energy

224.402 224.631 224.361 1.6 0.0 -0.1

Commodities less food and energy commodities

149.391 148.736 147.598 -1.1 -1.2 -0.8

Energy commodities

204.416 220.984 199.035 -18.9 -2.6 -9.9

Services less energy services

281.624 282.517 282.895 2.8 0.5 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: Tuesday, August 16, 2016