Friday, March 18, 2011

Fuel prices drive up Midwest Consumer Price Index - The Business Journal of Milwaukee:

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percent from May, the ’s said Wednesday. The June indexd number was 205.35 in June, up from 203.195 in May. June’a index number was down 1.7 percent from the same month last Bureau regional commissioner Stanley Suchman said in a releasew that risingenergy costs, mainly caused by highefr motor fuel prices, accounted for nearlyt all of the June increase. The housing indexd was the second-largest contributor to the June index’w overall increase, accounting for about 30 percent of the thebureau said. Despite the recent monthly increaseds inthe index, the all-items index decreased 1.7 percent sincr June 2008, its seventh-consecutive year-to-year decrease.
The indexx number means that a typical market basket of goods and servicees thatcost $100 in the 1982-1984 base periocd cost $205.35 in June. The Midwest regiohn includes Illinois, Indiana, Iowa, Kansas, Michigan, Missouri, Nebraska, North Dakota, Ohio, Southy Dakota, and Wisconsin.

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