KANSAS CITY, Kan. — Prices in the Midwest Region, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 0.2 percent in November, the U.S. Bureau of Labor Statistics reported Tuesday.
The index for energy decreased by 3.7 percent in November, mainly due to a decline in the cost for gasoline. The index for all items less food and energy increased 0.1 percent, while the food index rose 0.2 percent over the month.
Within the all items less food and energy index, prices for owners’ equivalent rent of residences contributed most to the rise.
Over the last 12 months, the CPI-U increased 6.8 percent. The index for all items less food and energy advanced 5.5 percent over the year. Food prices rose 11.7 percent compared to their November 2021 levels. Energy prices were up 11.0 percent, led by an increase in the price of gasoline.
