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14-271-CHI

Thursday, February 20, 2014

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Consumer Price Index, Milwaukee-Racine –2013 Annual Averages


The Consumer Price Index for All Urban Consumers (CPI-U) in the Milwaukee-Racine area rose 1.8 percent from 2012 to 2013, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the energy index declined 0.7 percent in 2013, as falling prices for gasoline and utility (piped) gas service were partially offset by higher prices for electricity. Food prices were up 2.4 percent. The index for all items less food and energy increased 2.0 percent. Within the all items less food and energy category, the indexes for shelter, medical care, education and communication, and apparel were higher over the year.

Food

Average annual food prices were 2.4 percent higher in 2013 after rising 3.0 percent in 2012. Between the two components of the food index, prices for food at home increased 1.9 percent and prices for food away from home rose 3.1 percent.

Energy

The energy index was down 0.7 percent in 2013 after registering little change in 2012. Within the energy category, the indexes for gasoline and utility (piped) gas service fell 2.7 percent and 4.9 percent, respectively. Electricity prices were 5.2 percent higher.

All items less food and energy

Over the year, the annual average index for all items less food and energy increased 2.0 percent. Among the index’s components, higher costs were recorded for shelter (2.0 percent), medical care (5.3 percent), education and communication (3.0 percent), and apparel (4.9 percent).

____________

The first half 2014 Consumer Price Index for Milwaukee-Racine is scheduled to be released on August 19, 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 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 Milwaukee-Racine, Wis., consolidated area covered in this release is comprised of Milwaukee, Ozaukee, Racine, Washington, and Waukesha Counties in 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 for annual averages and percent changes for selected periods

Milwaukee-Racine, WI (1982-84=100 unless otherwise noted)
Item and Group

Annual average indexes
Percent change
2012 to 2013
2012 2013

Expenditure category

 
 

All Items

221.143 225.061 1.8

All items (1967=100)

683.024 695.125 -

Food and beverages

236.138 241.396 2.2

Food

239.563 245.376 2.4

Food at home

236.634 241.069 1.9

Food away from home

244.409 251.875 3.1

Alcoholic beverages

205.537 204.062 -0.7

Housing

204.662 207.468 1.4

Shelter

244.666 249.496 2.0

Rent of primary residence (1)

226.706 231.690 2.2

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

260.421 265.361 1.9

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

260.421 265.361 1.9

Fuels and utilities

202.701 208.597 2.9

Household energy

170.348 173.590 1.9

Energy services (1)

174.543 177.974 2.0

Electricity (1)

200.152 210.530 5.2

Utility (piped) gas service (1)

125.474 119.383 -4.9

Household furnishings and operations

106.579 102.395 -3.9

Apparel

133.215 139.807 4.9

Transportation

207.468 207.285 -0.1

Private transportation

199.917 198.458 -0.7

Motor fuel

319.715 311.313 -2.6

Gasoline (all types)

316.568 307.864 -2.7

Gasoline, unleaded regular (3)

322.319 311.239 -3.4

Gasoline, unleaded midgrade (3) (4)

330.901 325.903 -1.5

Gasoline, unleaded premium (3)

274.039 274.845 0.3

Medical care

444.698 468.166 5.3

Recreation (5)

113.646 114.849 1.1

Education and communication (5)

145.670 150.041 3.0

Other goods and services

377.845 377.308 -0.1
 

Commodity and service group

 
 

All Items

221.143 225.061 1.8

Commodities

182.541 183.965 0.8

Commodities less food & beverages

157.031 156.965 0.0

Nondurables less food & beverages

215.794 217.063 0.6

Durables

104.327 103.013 -1.3

Services

257.907 264.203 2.4
 

Special aggregate indexes

 
 

All items less medical care

211.299 214.376 1.5

All items less shelter

214.494 218.186 1.7

Commodities less food

158.994 158.888 -0.1

Nondurables

228.366 231.436 1.3

Nondurables less food

214.865 215.981 0.5

Services less rent of shelter (2)

284.956 293.173 2.9

Services less medical care services

242.922 247.974 2.1

Energy

237.427 235.688 -0.7

All items less energy

221.724 226.266 2.0

All items less food and energy

219.601 223.950 2.0

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 November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.

- Data not available.

Table 2. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods

Milwaukee-Racine, WI (1982-84=100 unless otherwise noted)
Item and Group

Semiannual average indexes
Percent change to
2nd half 2013 from-
2nd half
2012
1st half
2013
2nd half
2013
2nd half
2012
1st half
2013

Expenditure category

 
 

All Items

222.114 225.417 224.705 1.2 -0.3

All items (1967=100)

686.025 696.224 694.026 - -

Food and beverages

237.325 240.873 241.920 1.9 0.4

Food

240.753 244.753 245.998 2.2 0.5

Food at home

236.960 240.905 241.233 1.8 0.1

Food away from home

246.934 250.529 253.221 2.5 1.1

Alcoholic beverages

206.747 204.762 203.361 -1.6 -0.7

Housing

204.784 207.797 207.139 1.1 -0.3

Shelter

245.638 249.176 249.815 1.7 0.3

Rent of primary residence (1)

227.940 230.755 232.625 2.1 0.8

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

261.374 264.614 266.109 1.8 0.6

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

261.374 264.614 266.109 1.8 0.6

Fuels and utilities

201.710 209.403 207.792 3.0 -0.8

Household energy

168.752 175.120 172.060 2.0 -1.7

Energy services (1)

172.914 179.580 176.369 2.0 -1.8

Electricity (1)

201.884 208.715 212.345 5.2 1.7

Utility (piped) gas service (1)

119.520 125.394 113.373 -5.1 -9.6

Household furnishings and operations

105.224 104.779 100.011 -5.0 -4.6

Apparel

135.439 138.533 141.081 4.2 1.8

Transportation

206.811 210.045 204.525 -1.1 -2.6

Private transportation

199.095 200.717 196.199 -1.5 -2.3

Motor fuel

316.725 324.039 298.586 -5.7 -7.9

Gasoline (all types)

313.373 320.787 294.940 -5.9 -8.1

Gasoline, unleaded regular (3)

318.379 324.844 297.635 -6.5 -8.4

Gasoline, unleaded midgrade (3) (4)

328.850 338.617 313.191 -4.8 -7.5

Gasoline, unleaded premium (3)

273.996 284.329 265.361 -3.2 -6.7

Medical care

456.191 465.723 470.608 3.2 1.0

Recreation (5)

113.667 114.817 114.881 1.1 0.1

Education and communication (5)

147.960 149.910 150.173 1.5 0.2

Other goods and services

377.112 377.758 376.858 -0.1 -0.2
 

Commodity and service group

 
 

All Items

222.114 225.417 224.705 1.2 -0.3

Commodities

182.581 184.843 183.087 0.3 -0.9

Commodities less food & beverages

156.636 158.346 155.583 -0.7 -1.7

Nondurables less food & beverages

215.449 218.680 215.446 0.0 -1.5

Durables

103.877 104.192 101.834 -2.0 -2.3

Services

259.767 264.060 264.347 1.8 0.1
 

Special aggregate indexes

 
 

All items less medical care

211.820 214.851 213.900 1.0 -0.4

All items less shelter

215.512 218.847 217.525 0.9 -0.6

Commodities less food

158.640 160.258 157.517 -0.7 -1.7

Nondurables

228.702 232.124 230.748 0.9 -0.6

Nondurables less food

214.605 217.549 214.413 -0.1 -1.4

Services less rent of shelter (2)

287.960 293.456 292.890 1.7 -0.2

Services less medical care services

244.200 248.004 247.943 1.5 0.0

Energy

235.205 242.077 229.299 -2.5 -5.3

All items less energy

223.150 226.141 226.391 1.5 0.1

All items less food and energy

221.070 223.907 223.994 1.3 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 November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.

- Data not available.

Last Modified Date: february 20, 2014