Midwest CPI rises 0.2 percent in February
KANSAS CITY -- The U.S. Bureau of Labor Statistics today released the Midwest Region Consumer Price Index for All Urban Consumers (CPI-U) for February 2017.
· The Consumer Price Index for All Urban Consumers (CPI-U) in the Midwest rose 0.2 percent in February.
· The monthly advance was led by a 0.4-percent increase in the index for all items less food and energy.
· Food prices in the Midwest rose 0.2 percent.
· The energy index, which includes motor fuel and household fuels, declined 2.3 percent over the month.
· The CPI-U for the Midwest advanced 2.4 percent from February 2016 to February 2017, the largest over-the-year increase since March 2012.
· Energy costs rose 17.7 percent since February 2016, as motor fuel prices jumped 38.3 percent over the year.
· The index for food declined 0.2 percent over the year. Prices for food at home decreased 1.8 percent while costs for food away from home were up 2.3 percent.
· Excluding food and energy, the CPI-U rose 1.7 percent from February 2016 to February 2017.
Among the regions, the Consumer Price Index for the South matched the Midwest, up 0.2 percent in February. The indexes for the Northeast and West rose 0.3 and 0.6 percent, respectively. Over the year, prices rose 2.6 percent in the Northeast, 2.8 percent in the South, and 3.0 percent in the West.
The full February 2017 Midwest CPI release is attached