Midwest Consumer Prices Unchanged in October
According to data released by the U.S. Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest was unchanged in October. The indexes for food and all items less food and energy registered little movement, each up 0.1 percent over the month. The index for energy decreased 1.8 percent as prices for electricity were 8.9 percent lower and utility (piped) gas service costs declined 0.8 percent. In contrast, motor fuel prices were up 1.8 percent in October.
Over the last 12 months the CPI-U rose 1.5 percent. The energy index, which includes motor fuel and household fuels, was up 8.4 percent since last October while the index for food rose 1.5 percent. Excluding food and energy, the CPI-U increased 0.6 percent over the year.
Among the regions, prices in the Northeast increased 0.3 percent in October while prices in the South and West were little changed, up 0.1 percent. Over the year, the increase in the Northeast matched that of the Midwest at 1.5 percent. Prices in the South were up 1.3 percent and were 0.6 percent higher in the West.