Error on Page

Midwest Information Office

News Release Information

15-294-CHI Thursday, February 26, 2015

Contacts

Technical information:
Media contact:
  • (312) 353-1138

Consumer Price Index, Minneapolis-St. Paul – Second Half 2014

Local prices up 1.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Minneapolis-St. Paul area advanced 1.4 percent from the second half of 2013 to the second half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the all items less food and energy index was 1.9 percent higher compared to its second half 2013 level as price increases were noted for several categories, most notably shelter. Food prices rose 1.1 percent over the year while the index for energy decreased 2.5 percent. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, Minneapolis, Second Half 2011-Second Half 2014

Food

Food prices rose 1.1 percent over the year. Within the food category, the index for food at home (groceries) was 1.1 percent higher while prices for food away from home (restaurant, cafeteria, and vending purchases) increased 1.9 percent.

Energy

The energy index decreased 2.5 percent from the second half of 2013 to the second half of 2014. Within the energy category, the index for utility (piped) gas service rose 11.1 percent over the year. The indexes for electricity and gasoline were down 2.7 percent and 6.0 percent, respectively, compared to their second half 2013 levels.

All items less food and energy

The all items less food and energy index increased 1.9 percent over the year. Among the index’s components, higher costs were recorded for shelter (2.7 percent), medical care (2.2 percent), and apparel (5.4 percent).

The first half 2015 Consumer Price Index for Minneapolis-St. Paul is scheduled to be released Wednesday, August 19, 2015 7:30am 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 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 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 Minneapolis-St. Paul, Minn.-Wis. metropolitan area covered in this release is comprised of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington, and Wright Counties and Pierce and St. Croix 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 semiannual averages and percent changes for selected periods

Minneapolis-St. Paul, MN-WI (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2014 from-
2nd half
2013
1st half
2014
2nd half
2014
2nd half
2013
1st half
2014

Expenditure category

 
 

All items

229.149 231.764 232.261 1.4 0.2

All items (1967=100)

720.107 728.325 729.887 - -

Food and beverages

266.038 267.651 269.087 1.1 0.5

Food

254.960 256.537 257.699 1.1 0.5

Food at home

247.099 249.914 249.897 1.1 0.0

Food away from home

265.395 267.848 270.405 1.9 1.0

Alcoholic beverages

367.783 369.031 374.102 1.7 1.4

Housing

201.758 204.528 206.512 2.4 1.0

Shelter

229.552 232.257 235.834 2.7 1.5

Rent of primary residence (1)

229.237 234.087 239.272 4.4 2.2

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

240.387 242.355 245.178 2.0 1.2

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

240.387 242.355 245.178 2.0 1.2

Fuels and utilities

199.185 210.940 205.736 3.3 -2.5

Household energy

186.810 196.955 190.855 2.2 -3.1

Energy services (1)

189.776 198.191 193.827 2.1 -2.2

Electricity (1)

251.861 243.545 244.957 -2.7 0.6

Utility (piped) gas service (1)

136.307 161.639 151.414 11.1 -6.3

Household furnishings and operations

124.642 122.610 122.776 -1.5 0.1

Apparel

143.836 145.813 151.638 5.4 4.0

Transportation

213.145 216.286 211.727 -0.7 -2.1

Private transportation

195.472 197.495 193.433 -1.0 -2.1

Motor fuel

268.674 279.861 253.345 -5.7 -9.5

Gasoline (all types)

269.890 280.630 253.723 -6.0 -9.6

Gasoline, unleaded regular (3)

273.769 285.040 256.809 -6.2 -9.9

Gasoline, unleaded midgrade (3) (4)

271.424 282.313 255.731 -5.8 -9.4

Gasoline, unleaded premium (3)

314.862 324.487 299.341 -4.9 -7.7

Medical care

471.287 478.323 481.873 2.2 0.7

Recreation (5)

123.025 123.782 122.120 -0.7 -1.3

Education and communication (5)

139.571 138.836 137.984 -1.1 -0.6

Other goods and services

351.425 356.452 357.792 1.8 0.4
 

Commodity and service group

 
 

All Items

229.149 231.764 232.261 1.4 0.2

Commodities

193.591 194.807 192.611 -0.5 -1.1

Commodities less food & beverages

158.932 159.825 156.496 -1.5 -2.1

Nondurables less food & beverages

212.031 215.628 209.261 -1.3 -3.0

Durables

111.422 110.378 109.561 -1.7 -0.7

Services

260.412 264.191 267.083 2.6 1.1
 

Special aggregate indexes

 
 

All items less medical care

218.288 220.712 221.066 1.3 0.2

All items less shelter

230.135 232.751 231.783 0.7 -0.4

Commodities less food

166.875 167.854 164.643 -1.3 -1.9

Nondurables

239.016 241.911 238.872 -0.1 -1.3

Nondurables less food

223.459 227.129 221.195 -1.0 -2.6

Services less rent of shelter (2)

309.872 315.416 317.040 2.3 0.5

Services less medical care services

242.485 245.762 248.574 2.5 1.1

Energy

231.379 242.290 225.657 -2.5 -6.9

All items less energy

232.429 234.305 236.580 1.8 1.0

All items less food and energy

229.166 231.116 233.562 1.9 1.1

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 December 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: Thursday, February 26, 2015

Recommend this page using:

News Release Information

15-294-CHI Thursday, February 26, 2015

Contacts

Technical information:
Media contact:
  • (312) 353-1138

Consumer Price Index, Minneapolis-St. Paul – Second Half 2014

Local prices up 1.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Minneapolis-St. Paul area advanced 1.4 percent from the second half of 2013 to the second half of 2014, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that the all items less food and energy index was 1.9 percent higher compared to its second half 2013 level as price increases were noted for several categories, most notably shelter. Food prices rose 1.1 percent over the year while the index for energy decreased 2.5 percent. (See chart 1.)

 Chart 1. Over-the-year percent change in CPI-U, Minneapolis, Second Half 2011-Second Half 2014

Food

Food prices rose 1.1 percent over the year. Within the food category, the index for food at home (groceries) was 1.1 percent higher while prices for food away from home (restaurant, cafeteria, and vending purchases) increased 1.9 percent.

Energy

The energy index decreased 2.5 percent from the second half of 2013 to the second half of 2014. Within the energy category, the index for utility (piped) gas service rose 11.1 percent over the year. The indexes for electricity and gasoline were down 2.7 percent and 6.0 percent, respectively, compared to their second half 2013 levels.

All items less food and energy

The all items less food and energy index increased 1.9 percent over the year. Among the index’s components, higher costs were recorded for shelter (2.7 percent), medical care (2.2 percent), and apparel (5.4 percent).

The first half 2015 Consumer Price Index for Minneapolis-St. Paul is scheduled to be released Wednesday, August 19, 2015 7:30am 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 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 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 Minneapolis-St. Paul, Minn.-Wis. metropolitan area covered in this release is comprised of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Ramsey, Scott, Sherburne, Washington, and Wright Counties and Pierce and St. Croix 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 semiannual averages and percent changes for selected periods

Minneapolis-St. Paul, MN-WI (1982-84=100 unless otherwise noted)
Item and Group

 
Semiannual average indexes
 
Percent change to
2nd half 2014 from-
2nd half
2013
1st half
2014
2nd half
2014
2nd half
2013
1st half
2014

Expenditure category

 
 

All items

229.149 231.764 232.261 1.4 0.2

All items (1967=100)

720.107 728.325 729.887 - -

Food and beverages

266.038 267.651 269.087 1.1 0.5

Food

254.960 256.537 257.699 1.1 0.5

Food at home

247.099 249.914 249.897 1.1 0.0

Food away from home

265.395 267.848 270.405 1.9 1.0

Alcoholic beverages

367.783 369.031 374.102 1.7 1.4

Housing

201.758 204.528 206.512 2.4 1.0

Shelter

229.552 232.257 235.834 2.7 1.5

Rent of primary residence (1)

229.237 234.087 239.272 4.4 2.2

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

240.387 242.355 245.178 2.0 1.2

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

240.387 242.355 245.178 2.0 1.2

Fuels and utilities

199.185 210.940 205.736 3.3 -2.5

Household energy

186.810 196.955 190.855 2.2 -3.1

Energy services (1)

189.776 198.191 193.827 2.1 -2.2

Electricity (1)

251.861 243.545 244.957 -2.7 0.6

Utility (piped) gas service (1)

136.307 161.639 151.414 11.1 -6.3

Household furnishings and operations

124.642 122.610 122.776 -1.5 0.1

Apparel

143.836 145.813 151.638 5.4 4.0

Transportation

213.145 216.286 211.727 -0.7 -2.1

Private transportation

195.472 197.495 193.433 -1.0 -2.1

Motor fuel

268.674 279.861 253.345 -5.7 -9.5

Gasoline (all types)

269.890 280.630 253.723 -6.0 -9.6

Gasoline, unleaded regular (3)

273.769 285.040 256.809 -6.2 -9.9

Gasoline, unleaded midgrade (3) (4)

271.424 282.313 255.731 -5.8 -9.4

Gasoline, unleaded premium (3)

314.862 324.487 299.341 -4.9 -7.7

Medical care

471.287 478.323 481.873 2.2 0.7

Recreation (5)

123.025 123.782 122.120 -0.7 -1.3

Education and communication (5)

139.571 138.836 137.984 -1.1 -0.6

Other goods and services

351.425 356.452 357.792 1.8 0.4
 

Commodity and service group

 
 

All Items

229.149 231.764 232.261 1.4 0.2

Commodities

193.591 194.807 192.611 -0.5 -1.1

Commodities less food & beverages

158.932 159.825 156.496 -1.5 -2.1

Nondurables less food & beverages

212.031 215.628 209.261 -1.3 -3.0

Durables

111.422 110.378 109.561 -1.7 -0.7

Services

260.412 264.191 267.083 2.6 1.1
 

Special aggregate indexes

 
 

All items less medical care

218.288 220.712 221.066 1.3 0.2

All items less shelter

230.135 232.751 231.783 0.7 -0.4

Commodities less food

166.875 167.854 164.643 -1.3 -1.9

Nondurables

239.016 241.911 238.872 -0.1 -1.3

Nondurables less food

223.459 227.129 221.195 -1.0 -2.6

Services less rent of shelter (2)

309.872 315.416 317.040 2.3 0.5

Services less medical care services

242.485 245.762 248.574 2.5 1.1

Energy

231.379 242.290 225.657 -2.5 -6.9

All items less energy

232.429 234.305 236.580 1.8 1.0

All items less food and energy

229.166 231.116 233.562 1.9 1.1

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 December 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: Thursday, February 26, 2015