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News Release Information

22-2272-CHI
Tuesday, December 13, 2022

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

Consumer Price Index, Minneapolis-St. Paul-Bloomington area – November 2022

Area prices were down 1.0 percent over the past two months, up 5.3 percent from a year ago

Prices in the Minneapolis-St. Paul-Bloomington area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 1.0 percent for the two months ending in November 2022, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Jason Palmer noted that the food index increased 1.0 percent, and the energy index declined 13.4 percent from September to November. The all items less food and energy index decreased 0.2 percent over the past two months. Within the all items less food and energy category, prices were lower over the two-month period for apparel, used cars and trucks, and household furnishings and operations, but higher for shelter and recreation. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U increased 5.3 percent. (See chart 1 and table A.) The index for all items less food and energy increased 3.7 percent over the year. Food prices rose 13.7 percent. Energy prices rose 8.7 percent, largely the result of an increase in the price of gasoline. (See table 1.)


Food

Food prices rose 1.0 percent for the two months ending in November. Prices for food at home (groceries) fell 0.2 percent, as four of the six major grocery store food group indexes decreased over the two-month period. Categories that fell included dairy and related products (-1.8 percent), fruits and vegetables (-0.9 percent), other food at home (includes sugar, sweets, fats, and oils, for example) (-0.8 percent), and nonalcoholic beverages and beverage materials (-0.2 percent). The index for cereals and bakery products was up 3.4 percent and the index for meats, poultry, fish, and eggs increased 0.1 percent. Prices for food away from home (restaurant, cafeteria, and vending purchases) increased 2.8 percent for the same period.

Over the year, food prices rose 13.7 percent. Prices for food at home increased 15.1 percent since a year ago. All six major grocery store food group indexes increased over the year. The index for cereals and bakery products was up 18.2 percent and the index for other food at home increased 17.7 percent over the year. Prices for food away from home increased 11.8 percent.

Energy

The energy index decreased 13.4 percent for the two months ending in November. The decrease was mainly due to lower prices for utility (piped) gas service (-30.5 percent). Prices for electricity fell 13.1 percent and prices for gasoline declined 4.8 percent for the same period.

Energy prices increased 8.7 percent over the year, largely due to higher prices for gasoline (12.2 percent). Prices paid for electricity increased 11.1 percent, while prices for utility (piped) gas service fell 2.1 percent during the past year.

All items less food and energy

The index for all items less food and energy fell 0.2 percent in the latest two-month period. Lower prices for apparel (-10.1 percent), used cars and trucks (-5.3 percent), and household furnishings and operations (-2.4 percent) were partially offset by higher prices for shelter (0.9 percent) and recreation (2.1 percent).

Over the year, the index for all items less food and energy advanced by 3.7 percent. The shelter index contributed to the increase, up 3.0 percent during the past year.

Table A. Minneapolis-St. Paul-Bloomington, MN-WI, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month20182019202020212022
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

January

0.30.41.40.63.00.41.60.77.2

March

0.51.42.3-0.31.21.13.02.18.2

May

1.01.02.3-0.10.01.44.61.98.7

July

0.30.32.2-0.1-0.31.76.51.28.2

September

0.3-0.21.72.11.91.15.40.47.4

November

-1.21.3-0.22.8-0.41.71.06.9-1.05.3

The January 2023 Consumer Price Index for the Minneapolis-St. Paul-Bloomington area is scheduled to be released on February 14, 2023.


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 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 75 urban areas across the country from about 6,000 housing units and approximately 22,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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-Bloomington, MN-WI, Core Based Statistical Area covered in this release is comprised of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, LeSueur, Mille Lacs, Ramsey, Scott, Sherburne, Sibley, Washington, and Wright Counties in Minnesota; and Pierce and St. Croix Counties in Wisconsin.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods
Minneapolis-St. Paul-Bloomington, MN-WI (1982-84=100 unless otherwise noted)
Item and Group

IndexesPercent change from-
Sep.
2022
Oct.
2022
Nov.
2022
Nov.
2021
Sep.
2022
Oct.
2022

Expenditure category

All items

290.325-287.3965.3-1.0-

All items (1967=100)

912.356-903.149---

Food and beverages

347.394-350.53412.70.9-

Food

336.866-340.10113.71.0-

Food at home

307.310304.726306.75615.1-0.20.7

Cereals and bakery products

323.943-334.86418.23.4-

Meats, poultry, fish and eggs

337.012-337.28810.50.1-

Dairy and related products

337.530-331.49314.4-1.8-

Fruits and vegetables

416.927-413.01915.3-0.9-

Nonalcoholic beverages and beverage materials(1)

186.542-186.23214.1-0.2-

Other food at home

249.329-247.45417.7-0.8-

Food away from home

376.058-386.51711.82.8-

Alcoholic beverages

423.725-424.9502.60.3-

Housing

274.227-269.7223.8-1.6-

Shelter

311.417313.192314.2893.00.90.4

Rent of primary residence(2)

321.341322.622324.7254.81.10.7

Owners' equiv. rent of residences(2)(3)

331.428333.153333.2323.90.50.0

Owners' equiv. rent of primary residence(2)(3)

331.428333.153333.2323.90.50.0

Fuels and utilities

314.210-259.6775.5-17.4-

Household energy

299.418255.351234.7364.5-21.6-8.1

Energy services(2)

303.959257.758236.4984.7-22.2-8.2

Electricity(2)

331.838294.289288.38011.1-13.1-2.0

Utility (piped) gas service(2)

283.964230.712197.309-2.1-30.5-14.5

Household furnishings and operations

148.504-144.9686.9-2.4-

Apparel

149.822-134.689-6.0-10.1-

Transportation

254.111-249.4697.3-1.8-

Private transportation

238.584-234.1565.4-1.9-

New and used motor vehicles(4)

116.831-114.6280.7-1.9-

New vehicles(1)

186.846-188.9385.11.1-

Used cars and trucks(1)

399.886-378.536-4.5-5.3-

Motor fuel

305.573308.632291.26612.6-4.7-5.6

Gasoline (all types)

305.957308.904291.25412.2-4.8-5.7

Gasoline, unleaded regular(5)

306.944310.035292.17812.1-4.8-5.8

Gasoline, unleaded midgrade(5)(6)

304.860306.030289.85912.7-4.9-5.3

Gasoline, unleaded premium(5)

372.908374.837355.28912.9-4.7-5.2

Medical care

635.806-630.3714.5-0.9-

Recreation(4)

133.666-136.4362.22.1-

Education and communication(4)

140.908-142.6851.81.3-

Tuition, other school fees, and childcare(1)

1,205.653-1,205.6052.30.0-

Other goods and services

454.011-456.3279.00.5-

Commodity and service group

All items

290.325-287.3965.3-1.0-

Commodities

225.310-222.2536.9-1.4-

Commodities less food and beverages

172.413-167.7403.6-2.7-

Nondurables less food and beverages

233.274-224.1245.9-3.9-

Durables

122.476-120.6461.6-1.5-

Services

347.384-344.6754.3-0.8-

Special aggregate indexes

All items less medical care

274.693-271.8785.4-1.0-

All items less shelter

282.143-276.8826.4-1.9-

Commodities less food

181.700-177.0353.6-2.6-

Nondurables

286.846-283.1329.6-1.3-

Nondurables less food

246.740-238.0065.6-3.5-

Services less rent of shelter(3)

404.015-393.8555.7-2.5-

Services less medical care services

320.594-318.2814.3-0.7-

Energy

308.467286.459267.0108.7-13.4-6.8

All items less energy

294.899-294.8475.10.0-

All items less food and energy

288.802-288.2643.7-0.2-

Footnotes
(1) Index on an April 1978=100 base.
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Index on a December 1982=100 base.
(4) Indexes on a December 1997=100 base.
(5) Special index based on a substantially smaller sample.
(6) Index on a December 1993=100 base.

- Data not available.
Note: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: Tuesday, December 13, 2022