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Midwest CPI flat in June

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The Midwest Consumer Price Index for all urban consumers was flat in June at 215.95. The index increased 0.6 percent in May, according to a news release from the U.S. Bureau of Labor Statistics.

The BLS divides the CPI into three categories: food, energy and all other items, such as apparel, household furnishings, vehicles, recreation and shelter.

During June, the indexes for food increased 0.3 percent, while all other items rose 0.2 percent. The increases were offset by a 1.6 percent decline in energy prices, led by a 6 percent drop in fuel costs. Motor fuel costs had increased in the previous nine consecutive months.

The CPI for all urban consumers in the Midwest rose 3.9 percent year-to-year, including:
  • a 21.6 percent increase in motor fuel and household fuel costs;
  • a food index increase of 3.8 percent; and
  • a 1.7 percent increase in all other items.
The CPI measures the average change in prices over time for goods and services such as food, clothing, shelter, fuels, transportation fares, health care and drugs. The CPI measures price changes from the base period of 1982–84, which represents an index score of 100.

The Midwest region comprises Missouri, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Nebraska, North Dakota, Ohio, South Dakota and Wisconsin.[[In-content Ad]]

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