KANSAS CITY — Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 0.1% in October, the U.S. Bureau of Labor Statistics reported today. The food index rose 0.4% in October and the index for energy decreased 0.8%. The all items less food and energy index advanced 0.3% due to increases in costs for owners’ equivalent rent of residence, recreation, and rent of primary residence.
Over the last 12 months, the CPI-U rose 7.4%. The index for all items less food and energy increased 5.8% over the year. Food prices were up 12.1% compared to October 2021 levels. Energy prices advanced 16.2%, led by an increase in the price of gasoline. (See chart 1.)
