For Release: Wednesday, June 14, 2017 MOUNTAIN-PLAINS INFORMATION OFFICE: Kansas City, Mo. Technical information: (816) 285-7000 [email protected] Media contact: (816) 285-7000 17-830-KAN www.bls.gov/regions/mountain-plains Consumer Price Index, Midwest Region – May 2017 Prices in the Midwest unchanged in May and 1.4 percent higher over the year The May Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was unchanged due to offsetting movements within the index, the U.S. Bureau of Labor Statistics reported today. Higher costs for shelter (0.4 percent) and lower prices for gasoline (-3.3 percent) had the largest impact on the overall index. Despite the rise in shelter costs, the broader all items less food and energy index was unchanged in May. Food prices increased 0.2 percent over the month, but energy prices were 0.7 percent lower reflecting the decline in gasoline prices. (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 1.4 percent from May 2016 to May 2017. (See chart 1 and table A.) The energy index, which includes motor fuel and household fuels, was up 4.1 percent and food prices increased 0.4 percent. Excluding food and energy, the CPI-U advanced 1.4 percent over the year. (See table 1.) Food Food prices in the Midwest increased 0.2 percent in May. The index for food at home rose 0.3 percent after registering no change in the prior month. Costs for food away from home were unchanged. From May 2016 to May 2017, the index for food was 0.4 percent higher attributable to an increase of 1.4 percent in costs for food away from home. Prices for food at home were down 0.2 percent; this over-theyear measure has declined every month since October 2015. Energy The energy index turned down 0.7 percent in May after increasing 2.4 percent in April. Lower prices for gasoline, down 3.3 percent, were largely responsible for the decrease in the energy component. Prices for electricity and utility (piped) gas service rose 2.0 and 1.2 percent, respectively. Energy costs increased 4.1 percent from May 2016 to May 2017 led by a 15.4-percent rise in costs for utility (piped) gas service. Higher prices for gasoline (2.4 percent) and electricity (1.3 percent) also contributed to the over-the-year increase. All items less food and energy The index for all items less food and energy for the Midwest was unchanged in May following an increase of 0.2 percent in April. Shelter costs advanced 0.4 percent and had the largest upward impact on the index for May. Expenditure categories registering lower prices over the month included apparel (-1.5 percent), recreation (-0.4 percent), and new vehicles (-0.5 percent). The index for all items less food and energy was up 1.4 percent from May 2016 to May 2017. Higher costs for shelter (2.8 percent) led the advance. The Midwest Consumer Price Index for All Urban Consumers (CPI-U) stood at 229.705 in May 2017. A typical market basket of goods and services that cost $100.00 in the 1982-84 base period cost $229.71 in May 2017. CPI-W In May, the Midwest Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) was 223.575, unchanged over the month. The CPI-W increased 1.2 percent over the year. Table A. Midwest region CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted 2013 Month January.............................................. February ............................................ March ................................................ April ................................................... May.................................................... June................................................... July .................................................... August ............................................... September......................................... October.............................................. November.......................................... December.......................................... 1-month 0.1 1.1 0.2 -0.1 0.5 0.3 -0.4 0.1 0.1 -0.5 -0.2 -0.2 2014 12month 1.3 2.2 1.4 1.2 1.8 2.2 1.8 1.2 1.0 0.8 1.0 1.0 1-month 2015 12month 0.5 0.6 0.9 0.3 0.2 0.5 -0.3 -0.2 0.1 -0.5 -0.6 -0.7 1.4 0.9 1.5 1.9 1.6 1.7 1.8 1.6 1.6 1.6 1.2 0.7 1-month -0.6 0.3 0.6 0.1 0.4 0.5 0.0 0.0 -0.3 -0.1 -0.5 -0.6 2016 12month -0.3 -0.5 -0.9 -1.1 -0.8 -0.7 -0.5 -0.3 -0.8 -0.3 -0.2 0.0 1-month 0.3 0.0 0.6 0.4 0.4 0.6 -0.5 0.1 0.2 -0.1 -0.3 0.1 2017 12month 0.8 0.4 0.5 0.8 0.8 0.8 0.4 0.6 1.1 1.0 1.2 1.8 1-month 12month 0.7 0.2 0.1 0.4 0.0 The June 2017 Consumer Price Index for the Midwest region is scheduled to be released on Friday, July 14, 2017. 2 2.2 2.4 1.9 1.8 1.4 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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 28 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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/homch17_a.htm. 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 areas; 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. 3 Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods Midwest (1982-84=100 unless otherwise noted) Indexes Item and Group Mar. 2017 Apr. 2017 Percent change fromMay 2017 May 2016 Mar. 2017 Apr. 2017 Expenditure category All Items........................................................... All items (December 1977=100)...................... Food and beverages ....................................... Food ............................................................. Food at home ........................................... Food away from home.............................. Alcoholic beverages ..................................... Housing ........................................................... Shelter .......................................................... Rent of primary residence(1).................... Owners' equiv. rent of residences(1)(2).... Owners' equiv. rent of primary residence(1)(2) ..................................... Fuels and utilities.......................................... Household energy .................................... Energy services(1) ............................... Electricity(1)....................................... Utility (piped) gas service(1).............. Household furnishings and operations ......... Apparel ............................................................ Transportation ................................................. Private transportation ................................... New and used motor vehicles(3).............. New vehicles ........................................ New cars and trucks(3)(4) ................. New cars(4) ....................................... Used cars and trucks............................ Motor fuel ................................................. Gasoline (all types)............................... Gasoline, unleaded regular(4)........... Gasoline, Unleaded midgrade(4)(5) .. Gasoline, unleaded premium(4) ........ Medical Care ................................................... Medical care commodities............................ Medical care services................................... Professional services ............................... Recreation(3)................................................... Education and communication(3).................... Other goods and services ............................... 228.824 372.309 240.842 240.330 225.919 264.553 245.680 219.759 260.312 259.587 264.395 229.682 373.705 241.056 240.532 226.011 264.944 246.063 220.351 261.077 260.446 265.072 229.705 373.743 241.489 240.989 226.674 265.048 246.153 221.420 262.233 261.025 265.570 1.4 0.4 0.0 0.5 0.4 -0.2 1.4 0.7 2.7 2.8 3.0 2.7 0.3 0.3 0.3 0.2 0.2 0.8 0.7 0.6 0.4 0.2 0.2 0.3 0.0 0.0 0.5 0.4 0.2 0.2 264.370 265.044 265.537 2.7 0.4 0.2 217.084 177.386 184.406 198.192 150.422 114.349 118.906 195.223 189.455 97.259 139.876 98.802 136.562 139.845 206.882 205.745 199.746 241.431 229.830 479.253 389.610 509.274 414.303 121.447 137.614 412.323 217.646 177.850 184.941 199.158 150.223 114.475 121.045 197.985 191.861 97.357 139.372 98.443 136.270 140.920 216.986 215.921 210.112 249.021 238.399 479.011 389.171 509.103 415.167 121.578 136.820 413.453 220.578 180.686 188.212 203.168 152.087 114.194 119.265 196.661 190.495 97.292 138.683 97.982 135.482 141.096 209.895 208.788 202.827 243.102 233.053 478.245 388.795 508.201 415.343 121.097 136.537 414.166 5.1 5.5 5.4 1.3 15.4 -0.5 0.3 0.6 0.8 -1.9 -0.7 -0.7 0.0 -4.6 2.5 2.4 2.1 2.7 3.9 2.4 4.0 2.0 2.2 1.8 -2.7 1.5 1.6 1.9 2.1 2.5 1.1 -0.1 0.3 0.7 0.5 0.0 -0.9 -0.8 -0.8 0.9 1.5 1.5 1.5 0.7 1.4 -0.2 -0.2 -0.2 0.3 -0.3 -0.8 0.4 1.3 1.6 1.8 2.0 1.2 -0.2 -1.5 -0.7 -0.7 -0.1 -0.5 -0.5 -0.6 0.1 -3.3 -3.3 -3.5 -2.4 -2.2 -0.2 -0.1 -0.2 0.0 -0.4 -0.2 0.2 228.824 176.752 145.677 188.947 229.682 177.904 147.169 192.108 229.705 177.144 145.955 189.499 1.4 0.0 -0.3 1.1 0.4 0.2 0.2 0.3 0.0 -0.4 -0.8 -1.4 234.914 238.749 235.593 1.3 0.3 -1.3 103.652 282.517 267.501 304.921 103.805 283.077 268.285 307.524 103.708 283.900 269.496 308.659 -2.2 2.4 2.8 2.7 0.1 0.5 0.7 1.2 -0.1 0.3 0.5 0.4 Commodity and Service Group All Items........................................................... Commodities ................................................ Commodities less food & beverages........ Nondurables less food & beverages .... Nondurables less food, beverages, and apparel ....................................... Durables ............................................... Services........................................................ Rent of shelter(2)...................................... Transportation services ............................ Note: See footnotes at end of table. 4 Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods Midwest (1982-84=100 unless otherwise noted) - Continued Indexes Item and Group Mar. 2017 Other services .......................................... Apr. 2017 Percent change fromMay 2017 May 2016 Mar. 2017 Apr. 2017 335.480 334.651 333.809 0.4 -0.5 -0.3 216.968 226.834 219.735 148.811 214.506 191.943 234.487 315.348 265.616 190.872 235.410 235.232 217.879 227.797 220.635 150.281 216.276 194.949 237.998 315.697 266.229 195.496 235.908 235.785 217.940 227.750 220.255 149.095 215.106 192.491 235.144 316.146 267.175 194.062 236.075 235.900 1.3 1.6 0.9 -0.3 0.7 1.1 1.3 1.9 2.4 4.1 1.2 1.4 0.4 0.4 0.2 0.2 0.3 0.3 0.3 0.3 0.6 1.7 0.3 0.3 0.0 0.0 -0.2 -0.8 -0.5 -1.3 -1.2 0.1 0.4 -0.7 0.1 0.0 144.920 145.431 144.929 -0.8 0.0 -0.3 206.720 295.040 216.339 295.607 209.325 296.177 2.7 2.2 1.3 0.4 -3.2 0.2 Special aggregate indexes: All items less medical care .............................. All items less food ........................................... All items less shelter........................................ Commodities less food .................................... Nondurables .................................................... Nondurables less food..................................... Nondurables less food and apparel................. Services less rent of shelter(2)........................ Services less medical care services................ Energy ............................................................. All items less energy ....................................... All items less food and energy ..................... Commodities less food and energy commodities ............................................. Energy commodities................................. Services less energy services .................. 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) Index is 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. Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted. 5 Table 2. Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W): Indexes and percent changes for selected periods Midwest (1982-84=100 unless otherwise noted) Indexes Item and Group Mar. 2017 Apr. 2017 Percent change fromMay 2017 May 2016 Mar. 2017 Apr. 2017 Expenditure category All Items........................................................... All items (December 1977=100)...................... Food and beverages ....................................... Food ............................................................. Food at home ........................................... Food away from home.............................. Alcoholic beverages ..................................... Housing ........................................................... Shelter .......................................................... Rent of primary residence(1).................... Owners' equiv. rent of residences(1)(2).... Owners' equiv. rent of primary residence(1)(2) ..................................... Fuels and utilities.......................................... Household energy .................................... Energy services(1) ............................... Electricity(1)....................................... Utility (piped) gas service(1).............. Household furnishings and operations ......... Apparel ............................................................ Transportation ................................................. Private transportation ................................... New and used motor vehicles(3).............. New vehicles ........................................ Used cars and trucks............................ Motor fuel ................................................. Gasoline (all types)............................... Gasoline, unleaded regular(4)........... Gasoline, unleaded midgrade(4)(5)... Gasoline, unleaded premium(4) ........ Medical Care ................................................... Medical care commodities............................ Medical care services................................... Professional services ............................... Recreation(3)................................................... Education and communication(3).................... Other goods and services ............................... 222.671 360.109 240.395 239.831 226.238 265.546 247.850 214.753 249.247 260.233 246.367 223.577 361.573 240.588 240.033 226.316 266.003 247.886 215.300 249.938 261.098 246.979 223.575 361.571 241.107 240.581 227.031 266.201 247.930 216.239 250.764 261.657 247.408 1.2 0.4 0.0 0.3 0.3 -0.3 1.3 0.8 2.7 2.7 3.0 2.7 0.3 0.3 0.4 0.2 0.0 0.7 0.6 0.5 0.4 0.2 0.2 0.3 0.1 0.0 0.4 0.3 0.2 0.2 246.361 246.972 247.401 2.7 0.4 0.2 218.253 178.265 183.871 196.622 151.742 112.114 116.868 191.812 188.251 96.655 143.165 140.374 207.244 206.006 199.830 241.333 229.518 484.826 381.467 516.796 416.540 116.727 128.624 460.521 218.824 178.752 184.412 197.468 151.719 112.176 119.304 194.703 191.008 96.914 142.541 141.436 217.303 216.135 210.151 248.767 237.977 484.383 380.291 516.619 417.329 117.073 127.522 462.509 221.758 181.549 187.606 201.420 153.407 112.003 117.574 193.291 189.555 96.952 141.898 141.604 210.279 209.080 202.965 242.796 232.684 483.564 380.008 515.617 417.520 117.037 127.204 463.284 5.0 5.4 5.1 1.2 15.6 -0.9 0.5 0.3 0.4 -2.6 -0.8 -4.6 2.3 2.3 2.1 2.6 3.8 2.3 3.7 2.0 2.1 1.7 -3.8 2.0 1.6 1.8 2.0 2.4 1.1 -0.1 0.6 0.8 0.7 0.3 -0.9 0.9 1.5 1.5 1.6 0.6 1.4 -0.3 -0.4 -0.2 0.2 0.3 -1.1 0.6 1.3 1.6 1.7 2.0 1.1 -0.2 -1.5 -0.7 -0.8 0.0 -0.5 0.1 -3.2 -3.3 -3.4 -2.4 -2.2 -0.2 -0.1 -0.2 0.0 0.0 -0.2 0.2 222.671 178.934 149.107 196.177 223.577 180.335 150.940 200.045 223.575 179.541 149.654 197.108 1.2 -0.1 -0.4 1.3 0.4 0.3 0.4 0.5 0.0 -0.4 -0.9 -1.5 245.039 249.799 246.119 1.5 0.4 -1.5 105.278 274.338 247.646 305.842 307.696 105.523 274.739 248.332 307.520 306.731 105.512 275.578 249.162 308.970 306.541 -2.7 2.2 2.8 3.1 -0.4 0.2 0.5 0.6 1.0 -0.4 0.0 0.3 0.3 0.5 -0.1 Commodity and Service Group All Items........................................................... Commodities ................................................ Commodities less food & beverages........ Nondurables less food & beverages .... Nondurables less food, beverages, and apparel ....................................... Durables ............................................... Services........................................................ Rent of shelter(2)...................................... Transportation services ............................ Other services .......................................... Note: See footnotes at end of table. 6 Table 2. Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W): Indexes and percent changes for selected periods Midwest (1982-84=100 unless otherwise noted) - Continued Indexes Item and Group Mar. 2017 Apr. 2017 Percent change fromMay 2017 May 2016 Mar. 2017 Apr. 2017 Special aggregate indexes: All items less medical care .............................. All items less food ........................................... All items less shelter........................................ Commodities less food .................................... Nondurables .................................................... Nondurables less food..................................... Nondurables less food and apparel................. Services less rent of shelter(2)........................ Services less medical care services................ Energy ............................................................. All items less energy ....................................... All items less food and energy ..................... Commodities less food and energy commodities ............................................. Energy commodities................................. Services less energy services .................. 212.623 219.180 215.620 152.064 218.557 198.812 243.689 278.009 258.341 190.961 228.435 226.299 213.580 220.195 216.612 153.866 220.693 202.491 248.062 278.068 258.774 195.884 228.871 226.778 213.610 220.105 216.315 152.603 219.389 199.701 244.688 278.841 259.720 194.116 229.080 226.924 1.1 1.4 0.6 -0.4 0.8 1.2 1.4 1.7 2.2 3.8 1.0 1.1 0.5 0.4 0.3 0.4 0.4 0.4 0.4 0.3 0.5 1.7 0.3 0.3 0.0 0.0 -0.1 -0.8 -0.6 -1.4 -1.4 0.3 0.4 -0.9 0.1 0.1 147.582 148.189 147.789 -1.1 0.1 -0.3 207.152 286.307 216.746 286.692 209.868 287.247 2.7 2.0 1.3 0.3 -3.2 0.2 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) Index is on a December 1984=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. Regions defined as the four Census regions. Midwest includes Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota, and Wisconsin. NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted. 7
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