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14-590-CHI

Tuesday, April 15, 2014

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Midwest Region Consumer Price Index March 2014

Prices in the Midwest up 0.9 percent in March and 1.5 percent higher over the year


The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest advanced 0.9 percent in March, the U.S. Bureau of Labor Statistics reported today. Regional Charlene Peiffer noted that higher prices for motor fuel and utility (piped) gas service led the monthly increase. Overall, energy costs advanced 6.0 percent over the month. The food index rose 0.4 percent and prices for all items less food and energy were up 0.3 percent.

The CPI-U for the Midwest advanced 1.5 percent from March 2013 to March 2014. Food prices increased 1.8 percent and the energy index, which includes motor fuel and household fuels, was up 2.3 percent. Excluding food and energy, the CPI-U rose 1.4 percent over the year. (See chart 1.)

Chart 1. Over-the-year change in consumer price indexes, Midwest Region, March 2011-March 2014

Food

Food prices in the Midwest increased 0.4 percent in March. The index for food at home rose 0.5 percent and costs for food away from home were 0.3 percent higher.

From March 2013 to March 2014, the index for food increased 1.8 percent. Rising costs for food away from home (2.4 percent) and food at home (1.5 percent) both contributed to the yearly advance.

Energy

The energy index for the Midwest increased 6.0 percent in March. Sharp increases in motor fuel prices (7.8 percent) and utility (piped) gas service costs (15.3 percent) were largely responsible for the monthly advance. The 15.3-percent jump in utility (piped) gas service costs was the largest one-month gain since March 2003. Electricity prices rose 0.2 percent over the month.

The index for energy advanced 2.3 percent from March 2013 to March 2014. Utility (piped) gas service costs climbed 28.4 percent over the year. Moderating the overall increase in the energy component, motor fuel prices were 2.3 percent lower and the index for electricity declined 0.2 percent over the year.

All items less food and energy

The index for all items less food and energy for the Midwest increased 0.3 percent in March. Expenditure categories registering higher prices over the month included apparel (2.5 percent), shelter (0.2 percent), and medical care (0.5 percent).

The index for all items less food and energy was up 1.4 percent from March 2013 to March 2014. Higher costs for shelter (1.9 percent) and medical care (3.1 percent) led the advance.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 225.485 in March 2014. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $225.49 in March 2014. 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.


Table A. Midwest Region CPI-U monthly and annual percent changes (not seasonally adjusted)
Month 2009 2010 2011 2012 2013 2014
Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual Monthly Annual

January

0.6 -0.3 0.5 2.9 0.5 1.9 0.6 2.8 0.1 1.3 0.5 1.4

February

0.3 -0.2 0.0 2.5 0.3 2.2 0.2 2.7 1.1 2.2 0.6 0.9

March

0.3 -0.8 0.4 2.6 0.9 2.7 1.0 2.8 0.2 1.4 0.9 1.5

April

0.2 -1.5 0.2 2.7 0.7 3.3 0.2 2.3 -0.1 1.2

May

0.4 -1.9 0.1 2.4 0.6 3.8 -0.1 1.5 0.5 1.8

June

1.1 -1.7 0.0 1.2 0.0 3.9 -0.1 1.4 0.3 2.2

July

-0.3 -2.5 0.2 1.7 0.1 3.8 0.0 1.3 -0.4 1.8

August

0.4 -1.8 0.2 1.5 0.2 3.8 0.7 1.8 0.1 1.2

September

0.0 -1.7 0.1 1.6 0.2 3.9 0.3 1.9 0.1 1.0

October

0.1 -0.2 0.0 1.5 -0.6 3.3 -0.3 2.2 -0.5 0.8

November

0.3 2.2 0.1 1.2 0.0 3.3 -0.4 1.8 -0.2 1.0

December

-0.3 3.0 0.2 1.8 -0.2 2.8 -0.2 1.8 -0.2 1.0

CPI-W

In March, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 221.748, up 1.0 percent over the month. The CPI-W increased 1.5 percent over the year.

____________

The April 2014 Consumer Price Index for the Midwest region is scheduled to be released on Thursday, May 15, 2014.


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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 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 4,000 housing units and approximately 26,000 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 cities; 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-
Jan.
2014
Feb.
2014
Mar.
2014
Mar.
2013
Jan.
2014
Feb.
2014

Expenditure category

 
 

All Items

222.247 223.493 225.485 1.5 1.5 0.9

All items (December 1977=100)

361.607 363.636 366.876      

Food and beverages

232.331 233.397 234.259 1.8 0.8 0.4

Food

231.723 232.859 233.757 1.8 0.9 0.4

Food at home

225.094 225.821 226.842 1.5 0.8 0.5

Food away from home

242.677 244.509 245.196 2.4 1.0 0.3

Alcoholic beverages

238.953 238.923 239.214 1.1 0.1 0.1

Housing

207.455 208.316 209.493 2.6 1.0 0.6

Shelter

241.274 241.587 242.105 1.9 0.3 0.2

Rent of primary residence (1)

239.085 239.249 239.180 2.1 0.0 0.0

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

246.243 246.296 246.478 1.8 0.1 0.1

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

246.236 246.290 246.475 1.8 0.1 0.1

Fuels and utilities

212.337 217.079 223.662 8.5 5.3 3.0

Household energy

179.155 183.839 190.501 9.3 6.3 3.6

Energy services (1)

182.215 185.997 195.988 9.0 7.6 5.4

Electricity (1)

186.330 186.521 186.820 -0.2 0.3 0.2

Utility (piped) gas service (1)

166.844 176.961 204.059 28.4 22.3 15.3

Household furnishings and operations

117.605 117.738 117.546 -0.2 -0.1 -0.2

Apparel

117.688 119.523 122.568 1.4 4.1 2.5

Transportation

211.577 213.367 219.151 -1.1 3.6 2.7

Private transportation

206.456 208.198 214.063 -0.8 3.7 2.8

New and used motor vehicles (3)

98.609 98.887 99.220 -1.3 0.6 0.3

New vehicles

138.456 138.646 138.581 -0.7 0.1 0.0

New cars and trucks (3) (4)

97.906 98.036 97.980 -0.8 0.1 -0.1

New cars (4)

135.387 135.335 135.375 -1.8 0.0 0.0

Used cars and trucks

147.967 148.179 149.611 -0.5 1.1 1.0

Motor fuel

293.710 299.125 322.575 -2.3 9.8 7.8

Gasoline (all types)

291.591 296.949 320.467 -2.6 9.9 7.9

Gasoline, unleaded regular (4)

289.081 294.271 317.958 -3.1 10.0 8.0

Gasoline, Unleaded midgrade (4) (5)

322.825 330.303 355.255 -0.9 10.0 7.6

Gasoline, unleaded premium (4)

290.311 295.542 317.230 -1.5 9.3 7.3

Medical Care

433.834 437.233 439.538 3.1 1.3 0.5

Medical care commodities

343.773 349.921 350.920 3.3 2.1 0.3

Medical care services

464.413 466.689 469.484 3.0 1.1 0.6

Professional services

381.039 383.455 383.668 2.1 0.7 0.1

Recreation (3)

116.700 117.396 117.294 0.0 0.5 -0.1

Education and communication (3)

138.178 138.763 139.300 1.6 0.8 0.4

Other goods and services

393.307 393.065 393.766 2.1 0.1 0.2
 

Commodity and Service Group

 
 

All Items

222.247 223.493 225.485 1.5 1.5 0.9

Commodities

182.521 183.858 186.204 0.3 2.0 1.3

Commodities less food & beverages

157.391 158.812 161.729 -0.5 2.8 1.8

Nondurables less food & beverages

207.345 210.334 216.364 0.1 4.3 2.9

Nondurables less food, beverages, and apparel

265.946 269.691 277.667 -0.1 4.4 3.0

Durables

108.408 108.419 108.531 -1.3 0.1 0.1

Services

263.593 264.761 266.419 2.4 1.1 0.6

Rent of shelter (2)

247.823 248.145 248.699 1.9 0.4 0.2

Transportation services

281.287 283.015 283.719 0.1 0.9 0.2

Other services

320.193 321.948 322.689 1.8 0.8 0.2
 

Special aggregate indexes:

 
 

All items less medical care

212.234 213.379 215.355 1.4 1.5 0.9

All items less food

220.609 221.873 224.042 1.5 1.6 1.0

All items less shelter

217.721 219.333 221.902 1.3 1.9 1.2

Commodities less food

160.115 161.506 164.370 -0.4 2.7 1.8

Nondurables

220.319 222.415 226.033 0.8 2.6 1.6

Nondurables less food

209.109 211.945 217.686 0.1 4.1 2.7

Nondurables less food and apparel

262.380 265.798 273.109 -0.1 4.1 2.8

Services less rent of shelter (2)

296.210 298.411 301.426 2.8 1.8 1.0

Services less medical care services

248.592 249.678 251.251 2.3 1.1 0.6

Energy

229.581 234.602 248.570 2.3 8.3 6.0

All items less energy

223.988 224.857 225.627 1.5 0.7 0.3

All items less food and energy

223.271 224.093 224.842 1.4 0.7 0.3

Commodities less food and energy commodities

145.773 146.484 147.216 0.1 1.0 0.5

Energy commodities

295.155 301.848 321.092 -1.8 8.8 6.4

Services less energy services

274.155 275.043 275.794 1.9 0.6 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 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-
Jan.
2014
Feb.
2014
Mar.
2014
Mar.
2013
Jan.
2014
Feb.
2014

Expenditure category

 
 

All Items

218.292 219.470 221.748 1.5 1.6 1.0

All items (December 1977=100)

353.027 354.932 358.616      

Food and beverages

232.547 233.548 234.576 1.9 0.9 0.4

Food

231.985 233.037 234.122 1.9 0.9 0.5

Food at home

225.459 226.200 227.462 1.7 0.9 0.6

Food away from home

243.568 245.221 245.956 2.3 1.0 0.3

Alcoholic beverages

239.921 240.103 240.214 1.5 0.1 0.0

Housing

202.846 203.712 204.922 2.8 1.0 0.6

Shelter

231.151 231.361 231.709 2.0 0.2 0.2

Rent of primary residence (1)

239.665 239.833 239.757 2.1 0.0 0.0

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

229.459 229.518 229.697 1.9 0.1 0.1

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

229.463 229.523 229.704 1.9 0.1 0.1

Fuels and utilities

213.025 217.544 224.279 8.3 5.3 3.1

Household energy

179.543 183.958 190.685 9.0 6.2 3.7

Energy services (1)

181.284 185.007 194.932 8.8 7.5 5.4

Electricity (1)

185.170 185.394 185.738 -0.5 0.3 0.2

Utility (piped) gas service (1)

167.989 178.526 207.121 30.0 23.3 16.0

Household furnishings and operations

116.201 116.479 116.293 0.0 0.1 -0.2

Apparel

115.864 116.981 119.953 0.9 3.5 2.5

Transportation

212.369 214.206 220.735 -1.2 3.9 3.0

Private transportation

209.125 210.947 217.495 -1.1 4.0 3.1

New and used motor vehicles (3)

99.078 99.279 99.689 -1.2 0.6 0.4

New vehicles

141.944 142.132 141.967 -0.7 0.0 -0.1

Used cars and trucks

148.587 148.809 150.252 -0.7 1.1 1.0

Motor fuel

294.660 300.133 323.536 -2.3 9.8 7.8

Gasoline (all types)

292.452 297.846 321.291 -2.6 9.9 7.9

Gasoline, unleaded regular (4)

289.750 294.957 318.550 -3.0 9.9 8.0

Gasoline, unleaded midgrade (4) (5)

322.658 330.269 355.119 -0.8 10.1 7.5

Gasoline, unleaded premium (4)

290.390 295.636 317.212 -1.5 9.2 7.3

Medical Care

438.975 442.458 444.822 3.1 1.3 0.5

Medical care commodities

337.702 343.973 344.991 3.3 2.2 0.3

Medical care services

470.989 473.255 476.119 3.1 1.1 0.6

Professional services

382.265 384.702 385.072 2.2 0.7 0.1

Recreation (3)

113.222 113.966 113.952 0.1 0.6 0.0

Education and communication (3)

131.229 131.625 132.304 1.3 0.8 0.5

Other goods and services

436.171 435.758 436.624 2.7 0.1 0.2
 

Commodity and Service Group

 
 

All Items

218.292 219.470 221.748 1.5 1.6 1.0

Commodities

186.225 187.508 190.255 0.2 2.2 1.5

Commodities less food & beverages

163.111 164.498 167.957 -0.6 3.0 2.1

Nondurables less food & beverages

219.057 221.876 229.017 -0.3 4.5 3.2

Nondurables less food, beverages, and apparel

282.435 286.290 295.966 -0.5 4.8 3.4

Durables

110.356 110.477 110.687 -1.0 0.3 0.2

Services

256.778 257.849 259.616 2.5 1.1 0.7

Rent of shelter (2)

229.576 229.785 230.146 2.0 0.2 0.2

Transportation services

279.292 280.706 281.178 0.3 0.7 0.2

Other services

298.250 299.656 300.746 1.6 0.8 0.4
 

Special aggregate indexes:

 
 

All items less medical care

209.794 210.885 213.156 1.4 1.6 1.1

All items less food

215.568 216.767 219.259 1.4 1.7 1.1

All items less shelter

216.071 217.606 220.595 1.2 2.1 1.4

Commodities less food

165.549 166.909 170.294 -0.6 2.9 2.0

Nondurables

226.488 228.436 232.638 0.5 2.7 1.8

Nondurables less food

220.038 222.719 229.488 -0.2 4.3 3.0

Nondurables less food and apparel

277.106 280.639 289.480 -0.5 4.5 3.2

Services less rent of shelter (2)

262.666 264.604 267.783 2.9 1.9 1.2

Services less medical care services

242.560 243.554 245.245 2.4 1.1 0.7

Energy

232.505 237.395 251.876 1.7 8.3 6.1

All items less energy

218.277 219.005 219.793 1.5 0.7 0.4

All items less food and energy

215.753 216.415 217.141 1.4 0.6 0.3

Commodities less food and energy commodities

148.830 149.411 150.177 0.3 0.9 0.5

Energy commodities

296.501 302.831 322.707 -2.0 8.8 6.6

Services less energy services

266.760 267.481 268.174 1.9 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: April 15, 2014