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News Release Information

22-1844-KAN
Tuesday, September 13, 2022

Contacts Technical information: Media contact:
  • (816) 285-7000

Consumer Price Index, Midwest Region – August 2022

Area prices declined 0.2 percent in August, up 8.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U), for the Midwest declined 0.2 percent in August, the U.S. Bureau of Labor Statistics reported today. (See table A.) The energy index was down 7.6 percent in August, mainly due to a decline in the price for gasoline. The index for all items less food and energy was up 0.4 percent and the food index advanced 1.0 percent over the month. Within the all items less food and energy category, prices for owners’ equivalent rent of residence and medical care services increased, while cost for lodging away from home and public transportation were lower. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)

Over the last 12 months, the CPI-U increased 8.1 percent. (See chart 1 and table A.) The index for all items less food and energy rose 5.8 percent over the year. Energy prices advanced 23.9 percent, led by an increase in the price of gasoline. Food prices increased 12.9 percent compared to their August 2021 levels. (See table 1.)

Food

Food prices advanced 1.0 percent for the month of August. Prices for food away from home rose 1.5 percent over the month. Prices for food at home increased 0.7 percent, as all six major grocery store food group indexes were higher for the same period. Components most contributing to the monthly increase included other food at home and cereals and bakery products, which both rose 1.3 percent.

Over the year, food prices advanced 12.9 percent, the largest increase in the index since February 1979. Prices for food at home rose 15.2 percent since a year ago, with all six major grocery store food group indexes increasing over the year. Indexes contributing most to the rise include other food at home (includes sugar, sweets, fats, and oils, for example), 19.3 percent; meats, poultry, fish, and eggs, 11.0 percent; and cereals and bakery products, 17.7 percent. Prices for food away from home increased 9.3 percent over the same period.

Energy

The energy index fell 7.6 percent over the month. The decrease was mainly due to lower prices for gasoline (-14.9 percent), but falling prices for electricity (-0.1 percent) also contributed. Prices for natural gas service advanced 3.6 percent for the same period.

From August 2021 to August 2022, energy prices rose 23.9 percent, largely due to higher prices for gasoline (+25.3 percent). Prices paid for natural gas service increased 39.0 percent, and prices for electricity advanced 12.0 percent during the past year.

All items less food and energy

The index for all items less food and energy increased 0.4 percent in August. Higher prices for owners’ equivalent rent of residences (+0.6 percent), medical care services (+0.8 percent), and rent of primary residence (+0.7 percent) were partially offset by lower prices for lodging away from home, public transportation, and used cars and trucks (-0.2 percent).

Over the year, the index for all items less food and energy rose 5.8 percent. Components contributing to the increase included owners’ equivalent rent (+5.5 percent), new and used motor vehicles (+8.6 percent), household furnishings and operations (+10.0 percent), and medical care (+4.7 percent).

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2018 2019 2020 2021 2022
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 1.6 0.2 0.8 0.4 2.5 0.5 1.2 0.8 7.9

February

0.2 1.7 0.7 1.3 0.3 2.1 0.8 1.7 0.9 8.0

March

0.2 1.8 0.6 1.7 -0.5 1.0 0.7 3.0 1.3 8.6

April

0.4 1.8 0.3 1.5 -1.1 -0.4 0.8 4.9 0.5 8.2

May

0.5 2.3 0.3 1.3 0.3 -0.4 1.0 5.6 1.5 8.8

June

0.2 2.5 0.0 1.2 0.8 0.4 1.0 5.8 1.6 9.5

July

0.0 2.4 0.2 1.5 0.5 0.7 0.6 5.9 -0.2 8.6

August

0.0 2.1 0.0 1.5 0.4 1.1 0.2 5.7 -0.2 8.1

September

0.1 1.9 0.0 1.4 0.2 1.3 0.2 5.7

October

0.1 2.2 0.2 1.5 -0.1 1.0 0.8 6.6

November

-0.6 1.4 -0.2 1.9 -0.2 1.0 0.4 7.3

December

-0.4 1.3 0.0 2.3 0.1 1.1 0.3 7.5

The September 2022 Consumer Price Index for the Midwest Region is scheduled to be released on Thursday, October 13, 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 Midwest region is comprised of Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and 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, Midwest Region, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
Jun.
2022
Jul.
2022
Aug.
2022
Aug.
2021
Jun.
2022
Jul.
2022

All items

277.072 276.525 275.875 8.1 -0.4 -0.2

All items (December 1977 = 100)

450.812 449.921 448.865      

Food and beverages

292.558 296.041 298.882 12.3 2.2 1.0

Food

293.901 297.499 300.558 12.9 2.3 1.0

Food at home

274.159 278.158 280.226 15.2 2.2 0.7

Cereals and bakery products

308.039 314.944 319.119 17.7 3.6 1.3

Meats, poultry, fish, and eggs

308.116 310.898 311.727 11.0 1.2 0.3

Dairy and related products

241.361 245.646 247.100 17.4 2.4 0.6

Fruits and vegetables

312.199 313.493 314.408 11.4 0.7 0.3

Nonalcoholic beverages and beverage materials

195.213 200.249 201.098 15.0 3.0 0.4

Other food at home

239.660 243.428 246.519 19.3 2.9 1.3

Food away from home

324.360 327.058 331.994 9.3 2.4 1.5

Alcoholic beverages

273.551 275.490 275.415 4.4 0.7 0.0

Housing

266.307 266.822 268.204 7.4 0.7 0.5

Shelter

309.877 311.079 312.253 5.1 0.8 0.4

Rent of primary residence(1)

310.746 312.689 314.951 5.8 1.4 0.7

Owners' equivalent rent of residences(1)(2)

315.222 316.791 318.787 5.5 1.1 0.6

Owners' equivalent rent of primary residence(1)(2)

315.131 316.699 318.698 5.5 1.1 0.6

Fuels and utilities

293.507 289.275 293.558 18.3 0.0 1.5

Household energy

248.783 244.083 246.951 21.9 -0.7 1.2

Energy services(1)

256.588 251.751 255.316 21.7 -0.5 1.4

Electricity(1)

237.792 241.401 241.103 12.0 1.4 -0.1

Utility (piped) gas service(1)

268.320 251.209 260.301 39.0 -3.0 3.6

Household furnishings and operations

136.114 137.297 137.702 10.0 1.2 0.3

Apparel

116.685 115.409 116.773 6.4 0.1 1.2

Transportation

277.141 270.412 260.777 12.2 -5.9 -3.6

Private transportation

273.479 267.631 258.186 11.5 -5.6 -3.5

New and used motor vehicles(3)

127.778 128.766 128.907 8.6 0.9 0.1

New vehicles

164.394 165.725 166.648 9.0 1.4 0.6

New cars and trucks(3)(4)

           

New cars(4)

161.258 163.089 163.459 9.0 1.4 0.2

Used cars and trucks

211.477 212.675 212.156 7.3 0.3 -0.2

Motor fuel

447.700 409.085 348.670 25.9 -22.1 -14.8

Gasoline (all types)

445.094 406.130 345.689 25.3 -22.3 -14.9

Gasoline, unleaded regular(4)

436.422 397.288 337.474 25.4 -22.7 -15.1

Gasoline, unleaded midgrade(4)(5)

498.608 462.924 398.108 25.4 -20.2 -14.0

Gasoline, unleaded premium(4)

450.552 421.979 367.787 24.3 -18.4 -12.8

Medical care

541.025 545.007 548.159 4.7 1.3 0.6

Medical care commodities

380.739 381.304 379.551 2.2 -0.3 -0.5

Medical care services

594.202 599.311 604.078 5.2 1.7 0.8

Professional services

444.456 449.108 450.651 2.6 1.4 0.3

Recreation(3)

132.227 132.843 133.604 5.4 1.0 0.6

Education and communication(3)

140.999 140.545 141.135 -0.1 0.1 0.4

Tuition, other school fees, and child care(6)

1,233.211 1,238.186 1,250.200 2.5 1.4 1.0

Other goods and services

486.965 489.613 491.790 7.2 1.0 0.4

Commodity and service group

Commodities

221.205 219.872 217.180 10.5 -1.8 -1.2

Commodities less food and beverages

185.098 182.274 177.936 9.6 -3.9 -2.4

Nondurables less food and beverages

250.591 241.915 229.356 12.7 -8.5 -5.2

Durables

126.858 127.372 127.773 7.1 0.7 0.3

Services

333.572 333.914 335.561 6.4 0.6 0.5

Special aggregate indexes

All items less shelter

267.742 266.589 265.307 9.4 -0.9 -0.5

All items less medical care

264.690 263.911 263.065 8.5 -0.6 -0.3

Commodities less food

188.136 185.403 181.136 9.4 -3.7 -2.3

Nondurables

271.829 268.839 263.472 12.5 -3.1 -2.0

Nondurables less food

251.466 243.422 231.611 12.1 -7.9 -4.9

Services less rent of shelter(2)

368.754 368.116 370.282 7.6 0.4 0.6

Services less medical care services

314.223 314.172 315.572 6.6 0.4 0.4

Energy

335.836 316.691 292.728 23.9 -12.8 -7.6

All items less energy

275.505 276.643 278.106 6.8 0.9 0.5

All items less food and energy

273.165 273.901 275.106 5.8 0.7 0.4

(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Indexes on a December 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.
(6) Indexes on a December 1977=100 base.

Note: Index applies to a month as a whole, not to any specific date.

 

Last Modified Date: Tuesday, September 13, 2022