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News Release Information

22-1156-CHI
Friday, June 10, 2022

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

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

Area prices were up 1.9 percent over the past two months, up 8.7 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), advanced 1.9 percent for the two months ending in May 2022, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Jason Palmer noted that the food index increased 4.1 percent, and the energy index advanced 11.1 percent from March to May. The all items less food and energy index rose 0.8 percent over the past two months. Within the all items less food and energy category, prices were higher over the two-month period for public transportation and lower for apparel 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 rose 8.7 percent. (See chart 1 and table A.) The index for all items less food and energy increased 5.8 percent over the year. Energy prices advanced 43.1 percent, largely the result of an increase in gasoline prices. Food prices were up 11.8 percent. (See table 1.)


Food

Food prices increased 4.1 percent for the two months ending in May. Prices for food at home (groceries) advanced 6.1 percent as all six of the major grocery store food group indexes increased over the two-month period. Categories increasing included fruits and vegetables (10.5 percent) and meats, poultry, fish, and eggs (5.7 percent). Prices for food away from home (restaurant, cafeteria, and vending purchases) rose 1.0 percent for the same period.

Over the year, food prices increased 11.8 percent. Prices for food at home were up 14.0 percent since a year ago. Among the grocery food categories, the index for fruits and vegetables was up 17.3 percent over the year and costs for meats, poultry, fish, and eggs rose 13.5 percent. Prices for food away from home rose 8.5 percent compared to May 2021.

Energy

The energy index increased 11.1 percent for the two months ending in May. The increase was mainly due to higher utility (piped) gas service prices (38.1 percent). Gasoline prices rose 5.2 percent, and electricity prices increased 2.9 percent for the same period.

Energy prices increased 43.1 percent over the year, largely due to higher gasoline prices (46.2 percent). Prices paid for utility (piped) gas service were up 84.9 percent, and electricity prices rose 11.2 percent during the past year.

All items less food and energy

The index for all items less food and energy rose 0.8 percent in the latest two-month period. Higher prices for public transportation were partially offset by lower prices for apparel (-4.4 percent) and recreation (-2.1 percent).

Over the year, the index for all items less food and energy advanced 5.8 percent. Components contributing to the increase included shelter (5.3 percent) and new and used motor vehicles (12.6 percent).

Table A. Minneapolis-St. Paul-Bloomington, MN-WI, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2018 2019 2020 2021 2022
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

January

0.3 0.4 1.4 0.6 3.0 0.4 1.6 0.7 7.2

March

0.5 1.4 2.3 -0.3 1.2 1.1 3.0 2.1 8.2

May

1.0 1.0 2.3 -0.1 0.0 1.4 4.6 1.9 8.7

July

0.3 0.3 2.2 -0.1 -0.3 1.7 6.5

September

0.3 -0.2 1.7 2.1 1.9 1.1 5.4

November

-1.2 1.3 -0.2 2.8 -0.4 1.7 1.0 6.9

The July 2022 Consumer Price Index for the Minneapolis-St. Paul-Bloomington area is scheduled to be released on August 10, 2022.


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

Indexes Percent change from-
Mar.
2022
Apr.
2022
May
2022
May
2021
Mar.
2022
Apr.
2022

Expenditure category

All items

280.388 - 285.784 8.7 1.9 -

All items (1967=100)

881.126 - 898.083 - - -

Food and beverages

321.134 - 333.120 11.3 3.7 -

Food

309.729 - 322.388 11.8 4.1 -

Food at home

277.230 286.111 294.168 14.0 6.1 2.8

Cereals and bakery products

300.356 - 307.880 12.2 2.5 -

Meats, poultry, fish and eggs

309.042 - 326.760 13.5 5.7 -

Dairy and related products

293.418 - 318.902 10.7 8.7 -

Fruits and vegetables

374.421 - 413.716 17.3 10.5 -

Nonalcoholic beverages and beverage materials(1)

168.951 - 174.567 8.0 3.3 -

Other food at home

223.110 - 234.803 16.6 5.2 -

Food away from home

356.167 - 359.769 8.5 1.0 -

Alcoholic beverages

414.734 - 415.084 6.0 0.1 -

Housing

264.052 - 268.242 8.4 1.6 -

Shelter

308.081 308.001 308.094 5.3 0.0 0.0

Rent of primary residence(2)

314.361 315.409 315.833 4.1 0.5 0.1

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

325.415 325.843 325.900 4.1 0.1 0.0

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

325.415 325.843 325.900 4.1 0.1 0.0

Fuels and utilities

252.217 - 287.609 32.3 14.0 -

Household energy

226.837 232.626 268.452 39.9 18.3 15.4

Energy services(2)

226.659 232.491 270.081 39.0 19.2 16.2

Electricity(2)

279.336 282.277 287.567 11.2 2.9 1.9

Utility (piped) gas service(2)

186.788 194.919 258.017 84.9 38.1 32.4

Household furnishings and operations

141.671 - 144.062 10.8 1.7 -

Apparel

150.023 - 143.468 1.8 -4.4 -

Transportation

246.351 - 258.885 18.9 5.1 -

Private transportation

235.366 - 239.709 17.0 1.8 -

New and used motor vehicles(4)

115.065 - 115.978 12.6 0.8 -

New vehicles(1)

179.482 - 182.248 8.2 1.5 -

Used cars and trucks(1)

408.827 - 409.123 15.0 0.1 -

Motor fuel

318.325 318.652 335.509 46.4 5.4 5.3

Gasoline (all types)

319.410 319.271 336.162 46.2 5.2 5.3

Gasoline, unleaded regular(5)

321.242 320.885 338.150 46.6 5.3 5.4

Gasoline, unleaded midgrade(5)(6)

312.495 314.251 328.240 43.5 5.0 4.5

Gasoline, unleaded premium(5)

378.530 381.198 397.628 40.9 5.0 4.3

Medical care

626.559 - 630.970 4.8 0.7 -

Recreation(4)

134.571 - 131.748 -1.6 -2.1 -

Education and communication(4)

140.449 - 140.523 0.8 0.1 -

Tuition, other school fees, and childcare(1)

1,176.013 - 1,176.013 3.9 0.0 -

Other goods and services

433.522 - 442.013 8.0 2.0 -

Commodity and service group

All items

280.388 - 285.784 8.7 1.9 -

Commodities

218.234 - 221.998 11.8 1.7 -

Commodities less food and beverages

171.559 - 172.602 12.1 0.6 -

Nondurables less food and beverages

232.328 - 234.773 16.3 1.1 -

Durables

121.758 - 121.954 8.5 0.2 -

Services

334.846 - 341.734 6.8 2.1 -

Special aggregate indexes

All items less medical care

264.738 - 270.170 9.1 2.1 -

All items less shelter

269.546 - 277.107 10.3 2.8 -

Commodities less food

180.658 - 181.712 11.8 0.6 -

Nondurables

274.512 - 281.269 13.6 2.5 -

Nondurables less food

245.353 - 247.723 15.3 1.0 -

Services less rent of shelter(3)

379.103 - 395.207 8.2 4.2 -

Services less medical care services

308.156 - 315.215 7.1 2.3 -

Energy

275.976 279.222 306.534 43.1 11.1 9.8

All items less energy

286.477 - 290.065 6.6 1.3 -

All items less food and energy

283.146 - 285.393 5.8 0.8 -

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: Friday, June 10, 2022