Midwest January prices increase 0.6 percent
Written on February 23, 2008
The Consumer Price Index for the Midwest increased 0.6 percent in January, following a decline of 0.3 percent in December.
The index was up 4.3 percent from the January 2007 level, the U.S. Department of Labor’s Bureau of Labor Statistics reported Wednesday.
According to Regional Commissioner Stanley Suchman, all major expenditure categories except for apparel contributed to the overall rise in the monthly index.
Energy prices, which include prices for motor and household fuels, were up 1.3 percent in January following a 2.1 percent decline the prior month.
Over the year, energy prices jumped 20.4 percent pay day advance. Energy and food prices each accounted for more than one-fifth of the overall increase in January 2008.
The Midwest CPI for all items less food and energy (frequently referred to as the core index) was up 0.4 percent over the month and 2.4 percent over the year.
The Bureau of Labor Statistics is part of the U.S. Department of Labor. The bureau defines the Midwest as Kansas, Missouri, Nebraska, North Dakota, South Dakota, Minnesota, Iowa, Wisconsin, Illinois, Michigan, Indiana and Ohio.
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