News Release Information

14-279-CHI

Thursday, February 20, 2014

Contacts

Technical information:
Media contact:
  • (312) 353-1138

Consumer Price Index, Minneapolis-St. Paul–2013 Annual Averages


The Consumer Price Index for All Urban Consumers (CPI-U) in the Minneapolis-St. Paul area rose 1.9 percent from 2012 to 2013, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the energy index increased 2.2 percent in 2013, primarily due to higher prices for electricity and utility (piped) gas service. Food prices were up 0.8 percent. The index for all items less food and energy increased 2.1 percent. Within the all items less food and energy category, the indexes for shelter, medical care, and education and communication were higher over the year.

Food

Average annual food prices rose 0.8 percent in 2013 after rising 2.8 percent in 2012. Between the two components of the food index, prices for food at home increased 0.4 percent and the food away from home index rose 1.1 percent.

Energy

The energy index increased 2.2 percent in 2013 after declining 2.3 percent in 2012. Within the energy category, the index for electricity rose 11.0 percent and the index for utility (piped) gas service increased 12.6 percent. Gasoline prices were 2.9 percent lower compared to their 2012 averages.

All items less food and energy

Over the year, the annual average index for all items less food and energy increased 2.1 percent. Among the index’s components, higher costs were recorded for shelter (2.2 percent), medical care (4.2 percent), and education and communication (3.1 percent).

____________

The first half 2014 Consumer Price Index for Minneapolis-St. Paul 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 Minneapolis-St. Paul, Minn.-Wis. metropolitan are covered in this release is comprised of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington, and Wright Counties and Pierce and St. Croix 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

Minneapolis-St. Paul, MN-WI (1982-84=100 unless otherwise noted)
Item and Group

Annual average indexes
Percent change
2012 to 2013
2012 2013

Expenditure category

 
 

All items

224.459 228.811 1.9

All items (1967=100)

705.368 719.045 -

Food and beverages

265.296 266.941 0.6

Food

253.797 255.801 0.8

Food at home

248.464 249.434 0.4

Food away from home

261.654 264.556 1.1

Alcoholic beverages

372.355 369.338 -0.8

Housing

195.945 201.074 2.6

Shelter

224.077 228.910 2.2

Rent of primary residence (1)

223.895 228.255 1.9

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

234.303 239.684 2.3

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

234.303 239.684 2.3

Fuels and utilities

181.027 197.512 9.1

Household energy

166.894 185.083 10.9

Energy services (1)

168.250 187.768 11.6

Electricity (1)

222.405 246.935 11.0

Utility (piped) gas service (1)

121.671 136.968 12.6

Household furnishings and operations

125.614 124.550 -0.8

Apparel

139.602 142.195 1.9

Transportation

215.088 215.514 0.2

Private transportation

200.370 197.298 -1.5

Motor fuel

286.706 278.405 -2.9

Gasoline (all types)

288.381 279.927 -2.9

Gasoline, unleaded regular (3)

294.169 284.580 -3.3

Gasoline, unleaded midgrade (3) (4)

287.266 280.603 -2.3

Gasoline, unleaded premium (3)

328.489 323.300 -1.6

Medical care

447.033 465.648 4.2

Recreation (5)

122.659 122.017 -0.5

Education and communication (5)

136.701 140.953 3.1

Other goods and services

321.947 339.487 5.4
 

Commodity and service group

 
 

All Items

224.459 228.811 1.9

Commodities

193.784 193.976 0.1

Commodities less food & beverages

159.497 159.095 -0.3

Nondurables less food & beverages

210.926 212.195 0.6

Durables

113.625 111.577 -1.8

Services

251.540 259.457 3.1
 

Special aggregate indexes

 
 

All items less medical care

214.421 218.170 1.7

All items less shelter

225.824 229.958 1.8

Commodities less food

167.565 167.080 -0.3

Nondurables

238.067 239.521 0.6

Nondurables less food

222.680 223.705 0.5

Services less rent of shelter (2)

296.195 308.496 4.2

Services less medical care services

234.925 241.914 3.0

Energy

230.409 235.441 2.2

All items less energy

227.487 231.770 1.9

All items less food and energy

223.594 228.259 2.1

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) 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

Minneapolis-St. Paul, MN-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

225.038 228.473 229.149 1.8 0.3

All items (1967=100)

707.187 717.983 720.107 - -

Food and beverages

265.488 267.843 266.038 0.2 -0.7

Food

254.336 256.643 254.960 0.2 -0.7

Food at home

248.641 251.769 247.099 -0.6 -1.9

Food away from home

263.211 263.717 265.395 0.8 0.6

Alcoholic beverages

368.252 370.893 367.783 -0.1 -0.8

Housing

197.086 200.390 201.758 2.4 0.7

Shelter

225.156 228.269 229.552 2.0 0.6

Rent of primary residence (1)

225.098 227.272 229.237 1.8 0.9

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

235.376 238.981 240.387 2.1 0.6

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

235.376 238.981 240.387 2.1 0.6

Fuels and utilities

184.291 195.838 199.185 8.1 1.7

Household energy

170.089 183.355 186.810 9.8 1.9

Energy services (1)

171.859 185.760 189.776 10.4 2.2

Electricity (1)

226.082 242.009 251.861 11.4 4.1

Utility (piped) gas service (1)

125.299 137.629 136.307 8.8 -1.0

Household furnishings and operations

125.471 124.458 124.642 -0.7 0.1

Apparel

138.667 140.555 143.836 3.7 2.3

Transportation

214.506 217.883 213.145 -0.6 -2.2

Private transportation

199.731 199.123 195.472 -2.1 -1.8

Motor fuel

286.427 288.135 268.674 -6.2 -6.8

Gasoline (all types)

287.976 289.963 269.890 -6.3 -6.9

Gasoline, unleaded regular (3)

293.744 295.391 273.769 -6.8 -7.3

Gasoline, unleaded midgrade (3) (4)

286.818 289.782 271.424 -5.4 -6.3

Gasoline, unleaded premium (3)

328.174 331.737 314.862 -4.1 -5.1

Medical care

449.053 460.009 471.287 5.0 2.5

Recreation (5)

122.017 121.010 123.025 0.8 1.7

Education and communication (5)

137.995 142.335 139.571 1.1 -1.9

Other goods and services

322.540 327.550 351.425 9.0 7.3
 

Commodity and service group

 
 

All Items

225.038 228.473 229.149 1.8 0.3

Commodities

193.465 194.360 193.591 0.1 -0.4

Commodities less food & beverages

158.978 159.257 158.932 0.0 -0.2

Nondurables less food & beverages

210.020 212.358 212.031 1.0 -0.2

Durables

113.469 111.732 111.422 -1.8 -0.3

Services

252.886 258.502 260.412 3.0 0.7
 

Special aggregate indexes

 
 

All items less medical care

214.939 218.052 218.288 1.6 0.1

All items less shelter

226.147 229.781 230.135 1.8 0.2

Commodities less food

166.932 167.285 166.875 0.0 -0.2

Nondurables

237.658 240.026 239.016 0.6 -0.4

Nondurables less food

221.573 223.952 223.459 0.9 -0.2

Services less rent of shelter (2)

297.833 307.120 309.872 4.0 0.9

Services less medical care services

236.196 241.343 242.485 2.7 0.5

Energy

231.891 239.503 231.379 -0.2 -3.4

All items less energy

228.003 231.111 232.429 1.9 0.6

All items less food and energy

224.107 227.353 229.166 2.3 0.8

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) 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