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Midwest CPI unchanged in November

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The Midwest Consumer Price Index for all urban consumers was 215.65 in November, unchanged from October, according to a news release from the U.S. Bureau of Labor Statistics.

The CPI - which shows changes in the prices of energy, food and all other items - is measured in comparison to a base period between 1982-84. A typical market basket of goods and services that cost $100 in 1982-84 cost $215.65 in November, not seasonally adjusted.

The energy index dropped slightly, 0.5 percent, during November, food prices edged down 0.1 percent and the index for all other items was unchanged.

November highlights:
  • Electricity prices had the greatest decline within the energy index, with a 1.6 percent drop in costs. Motor fuel prices, which had declined for five straight months, were unchanged in November, according to the release.
  • Within the food index, prices for food at home dropped 0.3 percent, while costs for food away from home rose 0.2 percent.
  • For all other items, prices for used cars and trucks were down 1.5 percent during the month, and apparel costs were down 0.4 percent. Price decreases were offset by a 0.7 percent increase in the cost of good and services, a 0.3 percent rise in medical care costs and a 0.1 percent increase in costs of shelter.
During the last year, the Midwest CPI has risen 3.3 percent.

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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