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Thursday, February 21, 2013

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Consumer Price Index, Milwaukee-Racine, Wis., CMSA – 2012 Annual Averages


The Consumer Price Index for All Urban Consumers (CPI-U) in the Milwaukee-Racine area rose 1.9 percent from 2011 to 2012, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the energy index saw little change in 2012, down 0.1 percent as falling prices for utility (piped) gas service were partially offset by higher prices for gasoline and electricity. Food prices were up 3.0 percent. The index for all items less food and energy increased 2.1 percent. Within the all items less food and energy category, the indexes for medical care, shelter, and education and communication were higher over the year.

Food

Average annual food prices rose 3.0 percent in 2012 after rising 3.8 percent in 2011. Between the two components of the food index, prices for food at home rose 2.6 percent and prices for food away from home rose 3.9 percent.

Energy

The energy index saw little change in 2012, down 0.1 percent, after rising 15.5 percent in 2011. Within the energy category, the index for utility (piped) gas service fell 11.0 percent, which was partially offset by increases in prices for gasoline (2.7 percent) and electricity (0.2 percent).

All items less food and energy

Over the year, the annual average index for all items less food and energy increased 2.1 percent. Among the index’s components, higher costs were recorded for medical care (7.4 percent), shelter (1.0 percent), and education and communication (3.8 percent).

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The first half 2013 Consumer Price Index for Milwaukee-Racine is scheduled to be released on August 15, 2013, at 7:30 a.m. (CT).


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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 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 87 urban areas across the country from about 4,000 housing units and approximately 26,000 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 cities; they only measure the average change in prices for each area since the base period.

The Milwaukee-Racine, Wis., consolidated area covered in this release is comprised of Milwaukee, Ozaukee, Racine, Washington, and Waukesha Counties in 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 for annual averages and percent changes for selected periods

Milwaukee-Racine, WI (1982-84=100 unless otherwise noted)
Item and Group

Annual average indexes
Percent change
2011 to 2012
2011 2012

Expenditure category

All Items

216.934 221.143 1.9

All items (1967=100)

670.024 683.024 -

Food and beverages

229.570 236.138 2.9

Food

232.574 239.563 3.0

Food at home

230.566 236.634 2.6

Food away from home

235.227 244.409 3.9

Alcoholic beverages

204.640 205.537 0.4

Housing

203.583 204.662 0.5

Shelter

242.154 244.666 1.0

Rent of primary residence (1)

223.245 226.706 1.6

Owners' equiv. rent of residences (1) (2)

258.143 260.421 0.9

Owners' equiv. rent of primary residence (1) (2)

258.143 260.421 0.9

Fuels and utilities

206.477 202.701 -1.8

Household energy

177.092 170.348 -3.8

Energy services (1)

181.553 174.543 -3.9

Electricity (1)

199.810 200.152 0.2

Utility (piped) gas service (1)

141.032 125.474 -11.0

Household furnishings and operations

106.888 106.579 -0.3

Apparel

125.004 133.215 6.6

Transportation

206.334 207.468 0.5

Private transportation

198.168 199.917 0.9

Motor fuel

310.965 319.715 2.8

Gasoline (all types)

308.242 316.568 2.7

Gasoline, unleaded regular (3)

314.482 322.319 2.5

Gasoline, unleaded midgrade (3) (4)

321.556 330.901 2.9

Gasoline, unleaded premium (3)

263.917 274.039 3.8

Medical care

413.953 444.698 7.4

Recreation (5)

111.427 113.646 2.0

Education and communication (5)

140.356 145.670 3.8

Other goods and services

373.710 377.845 1.1

Commodity and service group

All Items

216.934 221.143 1.9

Commodities

178.687 182.541 2.2

Commodities less food & beverages

154.240 157.031 1.8

Nondurables less food & beverages

208.845 215.794 3.3

Durables

105.487 104.327 -1.1

Services

253.330 257.907 1.8

Special aggregate indexes

All items less medical care

208.236 211.299 1.5

All items less shelter

209.658 214.494 2.3

Commodities less food

156.212 158.994 1.8

Nondurables

221.502 228.366 3.1

Nondurables less food

208.170 214.865 3.2

Services less rent of shelter (2)

277.961 284.956 2.5

Services less medical care services

240.003 242.922 1.2

Energy

237.775 237.427 -0.1

All items less energy

216.824 221.724 2.3

All items less food and energy

215.025 219.601 2.1

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) Index is on a November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.

- Data not available.

Table 2. Consumer Price Index for All Urban Consumers (CPI-U): Indexes for semiannual averages and percent changes for selected periods

Milwaukee-Racine, WI (1982-84=100 unless otherwise noted)
Item and Group

Semiannual average indexes
Percent change to
2nd half 2012 from-
2nd half
2011
1st half
2012
2nd half
2012
2nd half
2011
1st half
2012

Expenditure category

All Items

218.222 220.171 222.114 1.8 0.9

All items (1967=100)

674.001 680.023 686.025 - -

Food and beverages

232.838 234.952 237.325 1.9 1.0

Food

236.062 238.374 240.753 2.0 1.0

Food at home

234.574 236.308 236.960 1.0 0.3

Food away from home

237.669 241.884 246.934 3.9 2.1

Alcoholic beverages

205.712 204.328 206.747 0.5 1.2

Housing

204.197 204.540 204.784 0.3 0.1

Shelter

242.942 243.695 245.638 1.1 0.8

Rent of primary residence (1)

224.266 225.472 227.940 1.6 1.1

Owners' equiv. rent of residences (1) (2)

258.967 259.468 261.374 0.9 0.7

Owners' equiv. rent of primary residence (1) (2)

258.967 259.468 261.374 0.9 0.7

Fuels and utilities

207.460 203.692 201.710 -2.8 -1.0

Household energy

177.730 171.944 168.752 -5.1 -1.9

Energy services (1)

182.172 176.173 172.914 -5.1 -1.8

Electricity (1)

201.835 198.419 201.884 0.0 1.7

Utility (piped) gas service (1)

139.356 131.427 119.520 -14.2 -9.1

Household furnishings and operations

107.316 107.935 105.224 -1.9 -2.5

Apparel

128.521 130.990 135.439 5.4 3.4

Transportation

206.586 208.125 206.811 0.1 -0.6

Private transportation

198.444 200.738 199.095 0.3 -0.8

Motor fuel

307.341 322.706 316.725 3.1 -1.9

Gasoline (all types)

304.259 319.763 313.373 3.0 -2.0

Gasoline, unleaded regular (3)

310.365 326.259 318.379 2.6 -2.4

Gasoline, unleaded midgrade (3) (4)

317.527 332.951 328.850 3.6 -1.2

Gasoline, unleaded premium (3)

260.740 274.082 273.996 5.1 0.0

Medical care

416.459 433.205 456.191 9.5 5.3

Recreation (5)

111.456 113.625 113.667 2.0 0.0

Education and communication (5)

141.837 143.381 147.960 4.3 3.2

Other goods and services

376.155 378.579 377.112 0.3 -0.4

Commodity and service group

All Items

218.222 220.171 222.114 1.8 0.9

Commodities

180.324 182.501 182.581 1.3 0.0

Commodities less food & beverages

155.241 157.426 156.636 0.9 -0.5

Nondurables less food & beverages

210.757 216.140 215.449 2.2 -0.3

Durables

105.701 104.776 103.877 -1.7 -0.9

Services

254.265 256.048 259.767 2.2 1.5

Special aggregate indexes

All items less medical care

209.471 210.778 211.820 1.1 0.5

All items less shelter

211.202 213.476 215.512 2.0 1.0

Commodities less food

157.218 159.347 158.640 0.9 -0.4

Nondurables

224.043 228.030 228.702 2.1 0.3

Nondurables less food

210.027 215.125 214.605 2.2 -0.2

Services less rent of shelter (2)

279.297 281.952 287.960 3.1 2.1

Services less medical care services

240.900 241.645 244.200 1.4 1.1

Energy

236.543 239.649 235.205 -0.6 -1.9

All items less energy

218.349 220.299 223.150 2.2 1.3

All items less food and energy

216.245 218.131 221.070 2.2 1.3

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

- Data not available.

Last Modified Date: February 21, 2013