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News Release Information

22-1631-CHI
Wednesday, August 10, 2022

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

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

Area prices were up 1.2 percent over the past two months, up 8.2 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 1.2 percent for the two months ending in July 2022, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Jason Palmer noted that the food index increased 3.2 percent, and the energy index advanced 6.9 percent from May to July. The all items less food and energy index rose 0.3 percent over the past two months. Within the all items less food and energy category, prices were higher over the two-month period for shelter and new and used motor vehicles, but lower for public transportation. (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 8.2 percent. (See chart 1 and table A.) The index for all items less food and energy increased 5.0 percent over the year. Energy prices advanced 40.8 percent, largely the result of an increase in gasoline prices. Food prices were up 13.5 percent. (See table 1.)


Food

Food prices increased 3.2 percent for the two months ending in July. Prices for food at home (groceries) advanced 4.1 percent as all six of the major grocery store food group indexes increased over the two-month period. Categories increasing included other food at home (includes sugar, sweets, fats, and oils, for example), 4.6 percent; and dairy and related products, 7.6 percent. Prices for food away from home (restaurant, cafeteria, and vending purchases) rose 1.7 percent for the same period.

Over the year, food prices increased 13.5 percent. Prices for food at home were up 16.0 percent since a year ago. All six major grocery store food group indexes increased over the year. The index for other food at home increased 20.0 percent over the year and the index for fruits and vegetables rose 14.6 percent. Prices for food away from home rose 9.5 percent compared to July 2021.

Energy

The energy index increased 6.9 percent for the two months ending in July. The increase was mainly due to higher prices for gasoline (10.5 percent). Prices for electricity rose 14.0 percent, while prices for utility (piped) gas service decreased 5.5 percent for the same period.

Energy prices advanced 40.8 percent over the year, largely due to higher prices for gasoline (51.6 percent). Prices paid for utility (piped) gas service rose 58.9 percent, and prices for electricity rose 11.8 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 0.3 percent in the latest two-month period. Higher prices for shelter (0.8 percent) and new and used motor vehicles (2.4 percent) were partially offset by lower prices for public transportation.

Over the year, the index for all items less food and energy rose 5.0 percent. Components contributing to the increase included shelter (3.9 percent) and new and used motor vehicles (7.8 percent). Lower costs for public transportation only partially offset these increases.

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 1.2 8.2

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

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-
May
2022
Jun.
2022
Jul.
2022
Jul.
2021
May
2022
Jun.
2022

Expenditure category

All items

285.784 - 289.265 8.2 1.2 -

All items (1967=100)

898.083 - 909.025 - - -

Food and beverages

333.120 - 343.401 12.8 3.1 -

Food

322.388 - 332.747 13.5 3.2 -

Food at home

294.168 292.960 306.316 16.0 4.1 4.6

Cereals and bakery products

307.880 - 322.769 17.2 4.8 -

Meats, poultry, fish and eggs

326.760 - 337.321 12.0 3.2 -

Dairy and related products

318.902 - 343.230 16.4 7.6 -

Fruits and vegetables

413.716 - 419.442 14.6 1.4 -

Nonalcoholic beverages and beverage materials(1)

174.567 - 183.893 14.5 5.3 -

Other food at home

234.803 - 245.700 20.0 4.6 -

Food away from home

359.769 - 366.060 9.5 1.7 -

Alcoholic beverages

415.084 - 422.267 6.2 1.7 -

Housing

268.242 - 271.014 6.7 1.0 -

Shelter

308.094 308.572 310.534 3.9 0.8 0.6

Rent of primary residence(2)

315.833 316.862 318.385 3.9 0.8 0.5

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

325.900 326.949 328.458 4.1 0.8 0.5

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

325.900 326.949 328.458 4.1 0.8 0.5

Fuels and utilities

287.609 - 295.289 24.6 2.7 -

Household energy

268.452 300.946 276.254 28.9 2.9 -8.2

Energy services(2)

270.081 305.058 279.728 28.5 3.6 -8.3

Electricity(2)

287.567 331.072 327.866 11.8 14.0 -1.0

Utility (piped) gas service(2)

258.017 286.529 243.728 58.9 -5.5 -14.9

Household furnishings and operations

144.062 - 145.606 10.4 1.1 -

Apparel

143.468 - 141.338 4.7 -1.5 -

Transportation

258.885 - 264.117 17.3 2.0 -

Private transportation

239.709 - 248.095 14.5 3.5 -

New and used motor vehicles(4)

115.978 - 118.725 7.8 2.4 -

New vehicles(1)

182.248 - 184.391 3.3 1.2 -

Used cars and trucks(1)

409.123 - 421.226 5.7 3.0 -

Motor fuel

335.509 382.308 370.475 52.0 10.4 -3.1

Gasoline (all types)

336.162 383.526 371.392 51.6 10.5 -3.2

Gasoline, unleaded regular(5)

338.150 386.248 373.473 52.0 10.4 -3.3

Gasoline, unleaded midgrade(5)(6)

328.240 372.465 364.305 50.0 11.0 -2.2

Gasoline, unleaded premium(5)

397.628 447.487 440.664 47.8 10.8 -1.5

Medical care

630.970 - 631.176 4.7 0.0 -

Recreation(4)

131.748 - 131.251 -1.0 -0.4 -

Education and communication(4)

140.523 - 140.915 0.7 0.3 -

Tuition, other school fees, and childcare(1)

1,176.013 - 1,176.457 3.5 0.0 -

Other goods and services

442.013 - 447.364 9.1 1.2 -

Commodity and service group

All items

285.784 - 289.265 8.2 1.2 -

Commodities

221.998 - 227.854 12.5 2.6 -

Commodities less food and beverages

172.602 - 176.711 12.3 2.4 -

Nondurables less food and beverages

234.773 - 243.188 20.0 3.6 -

Durables

121.954 - 123.368 5.0 1.2 -

Services

341.734 - 342.694 5.6 0.3 -

Special aggregate indexes

All items less medical care

270.170 - 273.792 8.6 1.3 -

All items less shelter

277.107 - 281.011 10.3 1.4 -

Commodities less food

181.712 - 185.983 12.0 2.4 -

Nondurables

281.269 - 290.605 16.1 3.3 -

Nondurables less food

247.723 - 256.195 18.6 3.4 -

Services less rent of shelter(3)

395.207 - 394.211 7.3 -0.3 -

Services less medical care services

315.215 - 316.202 5.8 0.3 -

Energy

306.534 346.651 327.723 40.8 6.9 -5.5

All items less energy

290.065 - 292.268 6.1 0.8 -

All items less food and energy

285.393 - 286.391 5.0 0.3 -

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: Wednesday, August 10, 2022