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18-1503-KAN
Thursday, September 13, 2018

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Consumer Price Index, Midwest Region – August 2018

Prices in the Midwest unchanged in August and 2.1 percent higher over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was unchanged for the second month in a row, the U.S. Bureau of Labor Statistics reported today. Movement within the index was mixed in August, with lower prices for recreation (-1.0 percent) and higher prices for shelter (0.2 percent) among the categories with the most impact on the monthly index. Food prices were down 0.3 percent for the month and energy prices were little changed, down a slight 0.1 percent. The index for all items less food and energy was unchanged in August. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

The CPI-U for the Midwest advanced 2.1 percent from August 2017 to August 2018. (See chart 1 and table A.) The energy index, which includes motor fuel and household fuels, rose 8.1 percent and food prices increased 0.7 percent. Excluding food and energy, the CPI-U was up 1.7 percent over the year. (See table 1.)

Food

Food prices in the Midwest were 0.3 percent lower in August after registering little change (0.1 percent) in July. The decline was led by a decrease of 0.5 percent in prices for food at home. Lower prices for food away from home (-0.2 percent) also contributed to the monthly decline.

From August 2017 to August 2018, the index for food rose 0.7 percent. Prices for food away from home were up 2.2 percent and were responsible for the increase. Prices for food at home were 0.3 percent lower over the year.

Energy

The energy index was little changed (-0.1 percent) in August after turning down 0.7 percent in July. Lower prices for gasoline (-0.7 percent) had the largest impact on the energy index in August. Gasoline prices declined 0.8 percent in the prior month. Prices for utility (piped) gas service (1.6 percent) and electricity (0.3 percent) turned up in August after registering declines of 1.1 and 0.6 percent, respectively, in July. 

Energy costs advanced 8.1 percent from August 2017 to August 2018 due largely to an increase of 19.4 percent in prices for gasoline. Costs for electricity and utility (piped) gas service were lower than in August 2017, decreasing 2.9 and 2.8 percent, respectively, over the year.

All items less food and energy

The index for all items less food and energy for the Midwest was unchanged for the third consecutive month. Among the expenditure categories registering higher costs were shelter (0.2 percent), education and communication (0.3 percent) and medical care (0.2 percent). Prices for recreation (-1.0 percent) were among those that declined in August.   

The index for all items less food and energy was up 1.7 percent from August 2017 to August 2018. Higher costs for shelter (3.3 percent) led the over-the-year increase.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 235.276 in August 2018. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $235.28 in August 2018.

CPI-W

In August, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 229.827. The CPI-W was unchanged in August and rose 2.4 percent over the year.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2014 2015 2016 2017 2018
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.5 1.4 -0.6 -0.3 0.3 0.8 0.7 2.2 0.6 1.6

February

0.6 0.9 0.3 -0.5 0.0 0.4 0.2 2.4 0.2 1.7

March

0.9 1.5 0.6 -0.9 0.6 0.5 0.1 1.9 0.2 1.8

April

0.3 1.9 0.1 -1.1 0.4 0.8 0.4 1.8 0.4 1.8

May

0.2 1.6 0.4 -0.8 0.4 0.8 0.0 1.4 0.5 2.3

June

0.5 1.7 0.5 -0.7 0.6 0.8 0.0 0.9 0.2 2.5

July

-0.3 1.8 0.0 -0.5 -0.5 0.4 0.0 1.3 0.0 2.4

August

-0.2 1.6 0.0 -0.3 0.1 0.6 0.3 1.5 0.0 2.1

September

0.1 1.6 -0.3 -0.8 0.2 1.1 0.3 1.5

October

-0.5 1.6 -0.1 -0.3 -0.1 1.0 -0.2 1.5

November

-0.6 1.2 -0.5 -0.2 -0.3 1.2 0.2 1.9

December

-0.7 0.7 -0.6 0.0 0.1 1.8 -0.2 1.7

The September 2018 Consumer Price Index for the Midwest region is scheduled to be released on Thursday, October 11, 2018.


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 population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 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 75 urban areas across the country from about 5,000 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 (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/pdf/homch17.pdf.

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 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 and percent changes for selected periods, Midwest Region, (1982-84=100 unless otherwise noted) (not seasonally adjusted)
Expenditure category Indexes Percent change from
Jun.
2018
Jul.
2018
Aug.
2018
Aug.
2017
Jun.
2018
Jul.
2018

All items

235.455 235.346 235.276 2.1 -0.1 0.0

All items (December 1977 = 100)

383.099 382.922 382.808      

Food and beverages

244.359 244.433 243.656 0.7 -0.3 -0.3

Food

243.803 243.935 243.119 0.7 -0.3 -0.3

Food at home

226.963 226.957 225.866 -0.3 -0.5 -0.5

Cereals and bakery products

261.008 261.962 258.844   -0.8 -1.2

Meats, poultry, fish, and eggs

248.070 248.927 248.286   0.1 -0.3

Dairy and related products

197.120 197.357 194.780   -1.2 -1.3

Fruits and vegetables

269.644 267.851 267.998   -0.6 0.1

Nonalcoholic beverages and beverage materials

160.312 159.918 158.340   -1.2 -1.0

Other food at home

197.169 197.201 196.944   -0.1 -0.1

Food away from home

272.066 272.407 271.995 2.2 0.0 -0.2

Alcoholic beverages

249.895 249.176 248.942 0.9 -0.4 -0.1

Housing

227.628 227.948 228.447 2.5 0.4 0.2

Shelter

270.494 271.218 271.663 3.3 0.4 0.2

Rent of primary residence

269.415 270.201 271.325 3.2 0.7 0.4

Owners' equivalent rent of residences(1)

274.417 275.383 276.423 3.5 0.7 0.4

Owners' equivalent rent of primary residence(1)

274.385 275.350 276.390 3.5 0.7 0.4

Fuels and utilities

227.310 226.111 227.656 -1.2 0.2 0.7

Household energy

186.240 184.866 186.123 -2.3 -0.1 0.7

Energy services

193.401 191.937 193.216 -2.9 -0.1 0.7

Electricity

214.621 213.319 213.935 -2.9 -0.3 0.3

Utility (piped) gas service

146.947 145.318 147.577 -2.8 0.4 1.6

Household furnishings and operations

114.238 114.276 114.361 1.2 0.1 0.1

Apparel

117.018 113.443 113.081 -3.7 -3.4 -0.3

Transportation

207.870 207.654 207.200 6.3 -0.3 -0.2

Private transportation

202.717 202.945 202.643 6.7 0.0 -0.1

New and used motor vehicles(2)

97.286 97.944 98.050 2.0 0.8 0.1

New vehicles

137.305 137.441 137.207 0.1 -0.1 -0.2

New cars and trucks(2)(3)

97.061 97.143 96.974 0.2 -0.1 -0.2

New cars(3)

134.005 134.235 133.743 0.5 -0.2 -0.4

Used cars and trucks

138.199 139.892 140.213 0.9 1.5 0.2

Motor fuel

258.423 256.472 254.719 19.4 -1.4 -0.7

Gasoline (all types)

256.959 255.024 253.288 19.4 -1.4 -0.7

Gasoline, unleaded regular(3)

250.571 248.572 246.845 19.7 -1.5 -0.7

Gasoline, unleaded midgrade(3)(4)

294.708 294.158 292.110 17.5 -0.9 -0.7

Gasoline, unleaded premium(3)

278.008 276.909 275.281 16.8 -1.0 -0.6

Motor vehicle insurance(5)

730.536 731.542 728.073   -0.3 -0.5

Medical care

484.324 483.967 484.957 0.4 0.1 0.2

Medical care commodities

395.680 392.814 393.777 -1.8 -0.5 0.2

Medical care services

513.988 514.483 515.481 1.0 0.3 0.2

Professional services

418.359 417.317 417.894 0.6 -0.1 0.1

Recreation(2)

122.230 121.967 120.786 -1.9 -1.2 -1.0

Education and communication(2)

137.613 137.980 138.398 1.4 0.6 0.3

Tuition, other school fees, and child care(5)

1,183.149 1,185.074 1,193.112   0.8 0.7

Other goods and services

425.311 426.409 426.414 2.4 0.3 0.0

Commodity and service group

Commodities

180.783 180.277 179.912 1.7 -0.5 -0.2

Commodities less food and beverages

149.681 148.979 148.783 2.3 -0.6 -0.1

Nondurables less food and beverages

200.882 199.075 198.715 4.5 -1.1 -0.2

Durables

101.719 101.841 101.774 -0.5 0.1 -0.1

Services

291.796 292.108 292.350 2.3 0.2 0.1

Special aggregate indexes

All items less shelter

225.159 224.760 224.512 1.6 -0.3 -0.1

All items less medical care

223.676 223.579 223.458 2.3 -0.1 -0.1

Commodities less food

152.841 152.135 151.937 2.3 -0.6 -0.1

Nondurables

222.591 221.651 221.094 2.5 -0.7 -0.3

Nondurables less food

203.434 201.690 201.336 4.2 -1.0 -0.2

Services less rent of shelter(1)

323.744 323.640 323.686 1.4 0.0 0.0

Services less medical care services

275.225 275.523 275.710 2.5 0.2 0.1

Energy

219.215 217.576 217.425 8.1 -0.8 -0.1

All items less energy

239.928 239.973 239.911 1.6 0.0 0.0

All items less food and energy

239.948 239.978 240.048 1.7 0.0 0.0

Footnotes
(1) Indexes on a December 1982=100 base.
(2) Indexes on a December 1997=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1977=100 base.

 

Last Modified Date: Thursday, September 13, 2018