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Thursday, July 11, 2019

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Consumer Price Index, Midwest Region – June 2019

Prices in the Midwest were unchanged in June and up 1.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was unchanged in June due to mixed movements within the index, the U.S. Bureau of Labor Statistics reported today. Higher costs for food away from home, electricity, shelter, used cars and trucks, and medical care services had the largest upward impacts on the index, while lower prices for gasoline and household furnishings and operations had the largest offsetting movements. The index for all items less food and energy was essentially unchanged (0.1 percent) in June, energy costs were down 0.7 percent, and food prices rose 0.2 percent. (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 rose 1.2 percent over the latest 12 months. (See chart 1 and table A.) Food prices increased 1.5 percent. The energy index, which includes motor fuel and household fuels, declined 3.8 percent. The index for all items less food and energy was up 1.7 percent from June 2018 to June 2019. (See table 1.)

Food

Food prices in the Midwest were up 0.2 percent from May to June. The increase was due to a 0.4-percent rise in prices for food away from home. Prices for food at home were unchanged.

From June 2018 to June 2019, the index for food advanced 1.5 percent. Costs for food away from home were up 2.7 percent and prices for food at home rose 0.4 percent over the year.

Energy

The energy index turned down 0.7 percent after recording increases in each of the previous four months. The monthly decline reflected a 3.8-percent drop in prices for gasoline and an offsetting 4.9-percent increase in electricity costs. Higher prices for utility (piped) gas service (0.2 percent) did little to moderate the decrease. 

Energy costs declined 3.8 percent since June 2018 due to over-the-year decreases in prices for all major components of the index.  Gasoline (-5.3 percent), utility (piped) gas service (-3.5 percent), and electricity (-1.2 percent) each recorded lower prices than a year ago.

All items less food and energy

The index for all items less food and energy for the Midwest was virtually unchanged, up 0.1 percent in June. Among the expenditure categories that registered higher costs were shelter (0.2 percent), used cars and trucks (1.6 percent) and medical care services (0.5 percent). Decreases in prices for household furnishings and operations (-0.7 percent) and apparel (-0.7 percent) were among those that moderated the increase.

The index for all items less food and energy was up 1.7 percent from June 2018 to June 2019. Higher costs for shelter (3.6 percent) led the increase.

The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 238.288 in June 2019. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $238.29 in June 2019.

CPI-W 

In June, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 232.385. The CPI-W was unchanged in June and advanced 1.1 percent over the year.

Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2015 2016 2017 2018 2019
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

-0.6 -0.3 0.3 0.8 0.7 2.2 0.6 1.6 0.2 0.8

February

0.3 -0.5 0.0 0.4 0.2 2.4 0.2 1.7 0.7 1.3

March

0.6 -0.9 0.6 0.5 0.1 1.9 0.2 1.8 0.6 1.7

April

0.1 -1.1 0.4 0.8 0.4 1.8 0.4 1.8 0.3 1.5

May

0.4 -0.8 0.4 0.8 0.0 1.4 0.5 2.3 0.3 1.3

June

0.5 -0.7 0.6 0.8 0.0 0.9 0.2 2.5 0.0 1.2

July

0.0 -0.5 -0.5 0.4 0.0 1.3 0.0 2.4

August

0.0 -0.3 0.1 0.6 0.3 1.5 0.0 2.1

September

-0.3 -0.8 0.2 1.1 0.3 1.5 0.1 1.9

October

-0.1 -0.3 -0.1 1.0 -0.2 1.5 0.1 2.2

November

-0.5 -0.2 -0.3 1.2 0.2 1.9 -0.6 1.4

December

-0.6 0.0 0.1 1.8 -0.2 1.7 -0.4 1.3

The July 2019 Consumer Price Index for the Midwest region is scheduled to be released on Tuesday, August 13, 2019.


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 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 (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
Apr.
2019
May
2019
Jun.
2019
Jun.
2018
Apr.
2019
May
2019

All items

237.510 238.219 238.288 1.2 0.3 0.0

All items (December 1977 = 100)

386.441 387.596 387.709      

Food and beverages

246.391 247.517 247.960 1.5 0.6 0.2

Food

245.689 246.953 247.346 1.5 0.7 0.2

Food at home

226.719 228.000 227.950 0.4 0.5 0.0

Cereals and bakery products

257.264 259.730 262.143 0.4 1.9 0.9

Meats, poultry, fish, and eggs

246.965 249.425 247.922 -0.1 0.4 -0.6

Dairy and related products

194.063 195.331 195.142 -1.0 0.6 -0.1

Fruits and vegetables

269.574 273.099 270.639 0.4 0.4 -0.9

Nonalcoholic beverages and beverage materials

162.936 163.014 161.891 1.0 -0.6 -0.7

Other food at home

198.321 197.784 199.528 1.2 0.6 0.9

Food away from home

277.182 278.434 279.497 2.7 0.8 0.4

Alcoholic beverages

253.893 253.144 254.268 1.7 0.1 0.4

Housing

231.999 232.790 233.655 2.6 0.7 0.4

Shelter

278.535 279.672 280.235 3.6 0.6 0.2

Rent of primary residence(1)

277.399 278.085 278.668 3.4 0.5 0.2

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

282.449 283.587 284.189 3.6 0.6 0.2

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

282.416 283.553 284.155 3.6 0.6 0.2

Fuels and utilities

217.617 219.835 225.255 -0.9 3.5 2.5

Household energy

174.666 176.947 182.522 -2.0 4.5 3.2

Energy services(1)

180.802 183.384 189.738 -1.9 4.9 3.5

Electricity(1)

197.879 202.154 212.048 -1.2 7.2 4.9

Utility (piped) gas service(1)

141.802 141.504 141.773 -3.5 0.0 0.2

Household furnishings and operations

116.256 115.298 114.497 0.2 -1.5 -0.7

Apparel

115.838 114.920 114.069 -2.5 -1.5 -0.7

Transportation

207.665 207.945 206.242 -0.8 -0.7 -0.8

Private transportation

202.644 202.413 200.922 -0.9 -0.8 -0.7

New and used motor vehicles(3)

98.142 97.347 97.834 0.6 -0.3 0.5

New vehicles

138.861 137.761 137.458 0.1 -1.0 -0.2

New cars and trucks(3)(4)

98.155 97.388 97.178 0.1 -1.0 -0.2

New cars(4)

134.809 134.363 133.982 0.0 -0.6 -0.3

Used cars and trucks

139.697 138.123 140.351 1.6 0.5 1.6

Motor fuel

250.913 254.253 244.784 -5.3 -2.4 -3.7

Gasoline (all types)

249.602 252.987 243.457 -5.3 -2.5 -3.8

Gasoline, unleaded regular(4)

243.301 246.676 237.244 -5.3 -2.5 -3.8

Gasoline, unleaded midgrade(4)(5)

286.308 288.763 279.181 -5.3 -2.5 -3.3

Gasoline, unleaded premium(4)

271.531 274.350 265.543 -4.5 -2.2 -3.2

Motor vehicle insurance(6)

737.005 731.394 734.564 0.6 -0.3 0.4

Medical care

487.594 492.063 493.894 2.0 1.3 0.4

Medical care commodities

394.680 391.030 390.713 -1.3 -1.0 -0.1

Medical care services

518.705 525.925 528.484 2.8 1.9 0.5

Professional services

419.222 420.560 421.252 0.7 0.5 0.2

Recreation(3)

120.985 121.203 120.979 -1.0 0.0 -0.2

Education and communication(3)

137.404 137.108 137.330 -0.2 -0.1 0.2

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

1,200.610 1,200.659 1,202.214 1.6 0.1 0.1

Other goods and services

432.934 434.887 433.359 1.9 0.1 -0.4

Commodity and service group

Commodities

181.219 181.197 180.302 -0.3 -0.5 -0.5

Commodities less food and beverages

149.505 149.055 147.697 -1.3 -1.2 -0.9

Nondurables less food and beverages

199.681 199.757 196.511 -2.2 -1.6 -1.6

Durables

102.266 101.490 101.554 -0.2 -0.7 0.1

Services

295.548 297.028 298.116 2.2 0.9 0.4

Special aggregate indexes

All items less shelter

225.158 225.726 225.624 0.2 0.2 0.0

All items less medical care

225.673 226.204 226.189 1.1 0.2 0.0

Commodities less food

152.767 152.308 151.007 -1.2 -1.2 -0.9

Nondurables

222.893 223.461 221.917 -0.3 -0.4 -0.7

Nondurables less food

202.524 202.555 199.556 -1.9 -1.5 -1.5

Services less rent of shelter(2)

322.804 324.691 326.395 0.8 1.1 0.5

Services less medical care services

278.906 279.957 280.935 2.1 0.7 0.3

Energy

209.577 212.344 210.885 -3.8 0.6 -0.7

All items less energy

243.197 243.706 243.932 1.7 0.3 0.1

All items less food and energy

243.471 243.848 244.045 1.7 0.2 0.1

Footnotes
(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: Thursday, July 11, 2019