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15-1594-KAN
Wednesday, August 19, 2015

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Consumer Price Index, Midwest Region – July 2015

Prices in the Midwest unchanged in July but 0.5 percent lower over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was unchanged in July, the U.S. Bureau of Labor Statistics reported today. Energy costs were 0.7 percent lower, food prices rose 0.3 percent, and the index for all items less food and energy was unchanged.

The CPI-U for the Midwest declined 0.5 percent from July 2014 to July 2015, the seventh consecutive month of over-the-year decline. Food prices increased 1.4 percent and the energy index, which includes motor fuel and household fuels, fell 15.6 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, July 2012-July 2015

Food

Food prices in the Midwest rose 0.3 percent in July. Higher costs for food at home (0.4 percent) were largely responsible for the monthly advance, while prices for food away from home were little changed (0.1 percent).

From July 2014 to July 2015, the index for food was up 1.4 percent led by a 3.2-percent rise in costs for food away from home. Prices for food at home contributed to the increase with a gain of 0.3 percent. The 12-month percent change in the food index has remained below 2.0 percent since March 2015.

Energy

The energy index for the Midwest turned down 0.7 percent in July following increases of 4.3 and 5.9 percent, respectively, in May and June. The monthly decrease in energy costs was largely attributable to a 1.7-percent decline in motor fuel prices. Costs for utility (piped) gas service were 0.3 percent lower, but prices for electricity were up 0.8 percent over the month.

The index for energy fell 15.6 percent from July 2014 to July 2015, led by a drop of 23.0 percent in motor fuel prices. Costs for utility (piped) gas service were 20.8 percent lower over the year, while electricity prices rose 1.5 percent.

All items less food and energy

The index for all items less food and energy for the Midwest was unchanged in July due to offsetting movements. Expenditure categories registering higher prices over the month included shelter (0.2 percent) and household furnishings and operations (0.2 percent). In contrast, apparel (-1.6 percent) and new vehicles (-0.8 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 July 2014 to July 2015. Higher costs for shelter (2.3 percent) and medical care services (1.9 percent) led the advance.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 225.853 in July 2015. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $225.85 in July 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 July, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 221.136, unchanged over the month. The CPI-W decreased 0.9 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    

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 August 2015 Consumer Price Index for the Midwest region is scheduled to be released on Wednesday, September 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 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-
May
2015
Jun.
2015
Jul.
2015
Jul.
2014
May
2015
Jun.
2015

Expenditure category

 
 

All Items

224.732 225.946 225.853 -0.5 0.5 0.0

All items (December 1977=100)

365.651 367.626 367.476      

Food and beverages

238.696 238.920 239.516 1.4 0.3 0.2

Food

238.255 238.608 239.266 1.4 0.4 0.3

Food at home

228.729 229.000 229.936 0.3 0.5 0.4

Food away from home

254.137 254.629 254.811 3.2 0.3 0.1

Alcoholic beverages

242.664 240.891 240.512 0.1 -0.9 -0.2

Housing

211.741 213.493 213.922 1.0 1.0 0.2

Shelter

248.321 249.241 249.676 2.3 0.5 0.2

Rent of primary residence (1)

246.387 247.299 247.740 2.9 0.5 0.2

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

251.641 252.331 252.685 2.1 0.4 0.1

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

251.641 252.330 252.682 2.1 0.4 0.1

Fuels and utilities

211.508 221.159 221.893 -4.3 4.9 0.3

Household energy

175.274 185.200 185.829 -6.5 6.0 0.3

Energy services (1)

182.188 193.394 194.343 -5.8 6.7 0.5

Electricity (1)

198.864 213.888 215.625 1.5 8.4 0.8

Utility (piped) gas service (1)

144.084 147.891 147.374 -20.8 2.3 -0.3

Household furnishings and operations

116.649 115.959 116.212 -0.9 -0.4 0.2

Apparel

117.773 117.176 115.350 -3.5 -2.1 -1.6

Transportation

203.114 206.151 204.646 -7.1 0.8 -0.7

Private transportation

196.924 200.113 199.095 -7.3 1.1 -0.5

New and used motor vehicles (3)

100.403 100.227 100.084 -0.3 -0.3 -0.1

New vehicles

140.597 140.386 139.249 0.1 -1.0 -0.8

New cars and trucks (3) (4)

99.493 99.344 98.631 0.3 -0.9 -0.7

New cars (4)

137.163 136.802 135.512 0.0 -1.2 -0.9

Used cars and trucks

151.090 151.403 151.545 -1.7 0.3 0.1

Motor fuel

236.460 250.761 246.592 -23.0 4.3 -1.7

Gasoline (all types)

235.103 249.457 245.326 -23.0 4.3 -1.7

Gasoline, unleaded regular (4)

231.520 245.828 241.386 -23.5 4.3 -1.8

Gasoline, Unleaded midgrade (4) (5)

264.781 279.299 275.548 -22.3 4.1 -1.3

Gasoline, unleaded premium (4)

242.260 256.392 254.579 -19.6 5.1 -0.7

Medical Care

452.171 451.389 451.331 2.2 -0.2 0.0

Medical care commodities

368.131 367.148 366.016 2.9 -0.6 -0.3

Medical care services

480.167 479.474 479.840 1.9 -0.1 0.1

Professional services

392.239 391.390 391.944 1.2 -0.1 0.1

Recreation (3)

117.763 117.747 117.685 0.0 -0.1 -0.1

Education and communication (3)

139.344 139.146 139.346 -0.3 0.0 0.1

Other goods and services

400.002 401.123 401.493 1.8 0.4 0.1
 

Commodity and Service Group

 
 

All Items

224.732 225.946 225.853 -0.5 0.5 0.0

Commodities

179.851 180.816 180.282 -3.3 0.2 -0.3

Commodities less food & beverages

150.980 152.236 151.238 -6.1 0.2 -0.7

Nondurables less food & beverages

194.055 197.117 195.228 -9.0 0.6 -1.0

Nondurables less food, beverages, and apparel

244.031 249.450 247.507 -10.5 1.4 -0.8

Durables

108.192 107.836 107.646 -1.2 -0.5 -0.2

Services

271.206 272.677 273.022 1.4 0.7 0.1

Rent of shelter (2)

255.013 255.972 256.423 2.3 0.6 0.2

Transportation services

295.699 294.771 294.209 2.6 -0.5 -0.2

Other services

327.143 326.963 327.062 0.7 0.0 0.0
 

Special aggregate indexes:

 
 

All items less medical care

213.968 215.276 215.182 -0.8 0.6 0.0

All items less food

222.434 223.788 223.573 -0.8 0.5 -0.1

All items less shelter

218.520 219.859 219.567 -1.6 0.5 -0.1

Commodities less food

153.930 155.115 154.128 -5.9 0.1 -0.6

Nondurables

216.255 217.991 217.267 -3.9 0.5 -0.3

Nondurables less food

196.681 199.498 197.685 -8.5 0.5 -0.9

Nondurables less food and apparel

242.658 247.464 245.659 -9.8 1.2 -0.7

Services less rent of shelter (2)

304.728 306.867 307.109 0.6 0.8 0.1

Services less medical care services

255.609 257.225 257.567 1.3 0.8 0.1

Energy

202.549 214.413 212.965 -15.6 5.1 -0.7

All items less energy

229.565 229.688 229.735 1.2 0.1 0.0

All items less food and energy

228.689 228.768 228.702 1.2 0.0 0.0

Commodities less food and energy commodities

146.660 146.266 145.704 -0.9 -0.7 -0.4

Energy commodities

235.229 248.381 244.054 -23.1 3.8 -1.7

Services less energy services

282.656 283.065 283.345 2.0 0.2 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 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
2015
Jun.
2015
Jul.
2015
Jul.
2014
May
2015
Jun.
2015

Expenditure category

 
 

All Items

219.773 221.193 221.136 -0.9 0.6 0.0

All items (December 1977=100)

355.421 357.718 357.626      

Food and beverages

239.044 239.366 240.072 1.4 0.4 0.3

Food

238.668 239.125 239.885 1.5 0.5 0.3

Food at home

229.522 230.019 231.075 0.4 0.7 0.5

Food away from home

255.309 255.686 255.868 3.4 0.2 0.1

Alcoholic beverages

243.407 241.571 241.409 0.5 -0.8 -0.1

Housing

206.881 208.744 209.132 1.0 1.1 0.2

Shelter

237.663 238.455 238.856 2.4 0.5 0.2

Rent of primary residence (1)

247.057 247.934 248.371 2.9 0.5 0.2

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

234.637 235.262 235.562 2.2 0.4 0.1

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

234.649 235.272 235.570 2.2 0.4 0.1

Fuels and utilities

212.672 222.303 223.019 -4.1 4.9 0.3

Household energy

176.167 185.988 186.568 -6.2 5.9 0.3

Energy services (1)

181.709 192.680 193.555 -5.6 6.5 0.5

Electricity (1)

197.543 211.880 213.490 1.4 8.1 0.8

Utility (piped) gas service (1)

144.736 148.703 148.096 -21.1 2.3 -0.4

Household furnishings and operations

115.186 114.552 114.661 -1.0 -0.5 0.1

Apparel

116.474 115.795 114.283 -2.7 -1.9 -1.3

Transportation

201.473 205.074 203.697 -8.2 1.1 -0.7

Private transportation

197.694 201.396 200.232 -8.3 1.3 -0.6

New and used motor vehicles (3)

100.821 100.765 100.590 -0.6 -0.2 -0.2

New vehicles

143.938 143.681 142.441 0.1 -1.0 -0.9

Used cars and trucks

151.738 152.053 152.193 -1.7 0.3 0.1

Motor fuel

237.073 251.400 247.174 -23.1 4.3 -1.7

Gasoline (all types)

235.619 249.981 245.798 -23.0 4.3 -1.7

Gasoline, unleaded regular (4)

231.882 246.177 241.675 -23.5 4.2 -1.8

Gasoline, unleaded midgrade (4) (5)

264.433 278.998 275.352 -22.3 4.1 -1.3

Gasoline, unleaded premium (4)

242.079 256.222 254.381 -19.6 5.1 -0.7

Medical Care

457.217 456.576 456.457 2.1 -0.2 0.0

Medical care commodities

361.729 361.090 359.858 2.9 -0.5 -0.3

Medical care services

486.468 485.839 486.179 1.9 -0.1 0.1

Professional services

393.404 392.764 393.314 1.3 0.0 0.1

Recreation (3)

114.071 113.930 113.867 -0.4 -0.2 -0.1

Education and communication (3)

131.413 131.196 131.317 -1.1 -0.1 0.1

Other goods and services

442.822 444.842 446.645 2.4 0.9 0.4
 

Commodity and Service Group

 
 

All Items

219.773 221.193 221.136 -0.9 0.6 0.0

Commodities

182.877 184.171 183.710 -3.6 0.5 -0.3

Commodities less food & beverages

155.496 157.197 156.230 -6.8 0.5 -0.6

Nondurables less food & beverages

202.503 206.411 204.617 -10.0 1.0 -0.9

Nondurables less food, beverages, and apparel

255.616 262.262 260.277 -11.6 1.8 -0.8

Durables

110.605 110.370 110.139 -1.2 -0.4 -0.2

Services

263.757 265.334 265.736 1.3 0.8 0.2

Rent of shelter (2)

235.986 236.785 237.187 2.4 0.5 0.2

Transportation services

293.651 292.842 293.227 3.4 -0.1 0.1

Other services

303.258 302.888 302.894 0.2 -0.1 0.0
 

Special aggregate indexes:

 
 

All items less medical care

210.656 212.149 212.095 -1.1 0.7 0.0

All items less food

216.104 217.697 217.492 -1.4 0.6 -0.1

All items less shelter

215.780 217.439 217.218 -2.2 0.7 -0.1

Commodities less food

158.191 159.808 158.858 -6.5 0.4 -0.6

Nondurables

221.060 223.243 222.655 -4.3 0.7 -0.3

Nondurables less food

204.540 208.147 206.439 -9.4 0.9 -0.8

Nondurables less food and apparel

252.909 258.826 257.002 -10.8 1.6 -0.7

Services less rent of shelter (2)

269.613 271.914 272.277 0.3 1.0 0.1

Services less medical care services

248.998 250.691 251.093 1.3 0.8 0.2

Energy

203.848 215.731 214.066 -16.1 5.0 -0.8

All items less energy

223.494 223.633 223.774 1.3 0.1 0.1

All items less food and energy

220.671 220.743 220.754 1.2 0.0 0.0

Commodities less food and energy commodities

149.943 149.666 149.253 -0.7 -0.5 -0.3

Energy commodities

236.439 249.830 245.462 -23.1 3.8 -1.7

Services less energy services

274.603 274.943 275.282 2.0 0.2 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, August 19, 2015