News Release Information

16-932-CHI
Tuesday, May 17, 2016

Contacts

Technical information:
Media contact:
  • (312) 353-1138

Consumer Price Index, Chicago-Gary-Kenosha — April 2016

Local prices up 0.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area increased 0.6 percent in April, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that energy prices rose 4.3 percent and food prices were up 1.2 percent in April. The all items less food and energy index increased 0.2 percent over the month. Among the indexes within the all items less food and energy category, prices were higher for shelter, education and communication, and recreation. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the Chicago area all items CPI-U rose 0.7 percent. (See chart 1 and table A.) The energy index fell 12.9 percent over the year primarily due to declining gasoline prices. The all items less food and energy index was 1.8 percent higher over the year. (See table 1.)

Food

Food prices rose 1.2 percent in April following a 1.0-percent decrease in March. Between the two components within the food index, prices for food at home (groceries) increased 1.3 percent, and prices for food away from home (restaurant, cafeteria, and vending purchases) were 0.9 percent higher over the month. Within the food at home group, prices were up for citrus fruits, other fresh fruits, and fresh fish and seafood. In contrast, the indexes for eggs, apples, and uncooked beef roasts experienced decreases.

From April 2015 to April 2016, the food index increased 1.4 percent. Prices for food eaten away from home rose 4.0 percent over the year, while grocery food prices declined 0.4 percent.

Energy

The energy index was up 4.3 percent in April primarily due to gasoline prices rising 11.2 percent. Utility (piped) gas service costs recorded a decrease of 2.2 percent over the month, and electricity prices were down 0.5 percent.

On an annual basis, the Chicago area energy index declined 12.9 percent. The major contributing factor for the energy index’s decline was the 15.5-percent decrease in gasoline prices since April 2015. Electricity prices fell 12.2 percent and utility (piped) gas service costs fell 7.5 percent during the same period.

All items less food and energy

The index for all items less food and energy increased 0.2 percent in April. Prices were higher for shelter (0.2 percent), education and communication (0.4 percent), and recreation (0.5 percent), but lower for household furnishings and operations (-0.6 percent).

Over the year, the index for all items less food and energy increased 1.8 percent. Increases in the indexes for shelter (2.7 percent), medical care (2.2 percent), and recreation (2.8 percent) were major contributing factors. Prices were lower for household furnishings and operations (-4.3 percent) and apparel (-1.7 percent).

Table A. Chicago CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 2.1 0.2 1.2 0.9 1.2 -0.2 0.4 0.8 0.9

February

0.0 1.6 1.1 2.3 0.5 0.7 0.0 -0.2 -0.2 0.7

March

1.2 2.1 -0.1 0.9 1.1 1.9 0.7 -0.6 0.1 0.2

April

0.0 1.7 0.0 0.9 0.5 2.4 0.1 -0.9 0.6 0.7

May

-0.1 1.0 0.5 1.5 -0.1 1.8 0.3 -0.5    

June

-0.1 0.9 0.1 1.7 0.4 2.0 0.2 -0.7    

July

-0.2 1.1 -0.2 1.7 -0.4 1.9 -0.1 -0.5    

August

0.6 1.5 0.1 1.1 0.1 1.9 0.4 -0.1    

September

0.3 1.6 -0.2 0.7 0.0 2.1 -0.3 -0.4    

October

-0.2 1.7 -0.3 0.5 -0.4 2.0 -0.1 -0.2    

November

-0.4 1.5 -0.3 0.6 -0.8 1.6 -0.4 0.2    

December

-0.3 1.7 -0.3 0.5 -0.4 1.5 -0.6 0.0    

The May 2016 Consumer Price Index for Chicago is scheduled to be released on Thursday, June 16, 2016.


Technical Note

The Consumer Price Index (CPI) is a measure of the average change in prices over time in a fixed market basket of goods and services. The Bureau of Labor Statistics publishes CPIs for two population groups: (1) a CPI for All Urban Consumers (CPI-U) which covers approximately 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 percent of the total population. The CPI-U includes, in addition to wage earners and clerical workers, groups such as professional, managerial, and technical workers, the self-employed, short-term workers, the unemployed, and retirees and others not in the labor force.

The CPI is based on prices of food, clothing, shelter, and fuels, transportation fares, charges for doctors' and dentists' services, drugs, and the other goods and services that people buy for day-to-day living. Each month, prices are collected in 87 urban areas across the country from about 6,000 housing units and approximately 24,000 retail establishments--department stores, supermarkets, hospitals, filling stations, and other types of stores and service establishments. All taxes directly associated with the purchase and use of items are included in the index.

The index measures price changes from a designated reference date (1982-84) that equals 100.0. An increase of 16.5 percent, for example, is shown as 116.5. This change can also be expressed in dollars as follows: the price of a base period "market basket" of goods and services in the CPI has risen from $10 in 1982-84 to $11.65. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, available on the Internet at www.bls.gov/opub/hom/pdf/homch17.pdf.

In calculating the index, price changes for the various items in each location are averaged together with weights that represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. Because the sample size of a local area is smaller, the local area index is subject to substantially more sampling and other measurement error than the national index. In addition, local indexes are not adjusted for seasonal influences. As a result, local area indexes show greater volatility than the national index, although their long-term trends are quite similar. Note: Area indexes do not measure differences in the level of prices between cities; they only measure the average change in prices for each area since the base period.

The Chicago-Gary-Kenosha, Ill.-Ind.-Wis. consolidated area covered in this release is comprised of Cook, DeKalb, DuPage, Grundy, Kane, Kankakee, Kendall, Lake, McHenry, and Will Counties in Illinois; Lake and Porter Counties in Indiana; and Kenosha County in Wisconsin.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Federal Relay Service: (800) 877-8339.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods
Chicago-Gary-Kenosha, IL-IN-WI (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Feb.
2016
Mar.
2016
Apr.
2016
Apr.
2015
Feb.
2016
Mar.
2016

Expenditure category

 
 

All items

227.438 227.778 229.197 0.7 0.8 0.6

All items (1967=100)

679.489 680.507 684.745 - - -

Food and beverages

243.687 241.529 244.140 1.3 0.2 1.1

Food

243.490 241.142 243.985 1.4 0.2 1.2

Food at home

238.542 234.737 237.899 -0.4 -0.3 1.3

Food away from home

245.031 245.032 247.301 4.0 0.9 0.9

Alcoholic beverages

244.869 245.528 244.694 -0.4 -0.1 -0.3

Housing

235.109 234.672 234.650 1.1 -0.2 0.0

Shelter

295.174 294.015 294.479 2.7 -0.2 0.2

Rent of primary residence (1)

310.874 310.717 311.114 2.4 0.1 0.1

Owners' equiv. rent of residences (1) (2)

298.803 298.599 298.911 2.4 0.0 0.1

Owners' equiv. rent of primary residence (1) (2)

298.803 298.599 298.911 2.4 0.0 0.1

Fuels and utilities

188.848 192.282 190.815 -5.7 1.0 -0.8

Household energy

151.073 151.246 149.707 -10.5 -0.9 -1.0

Energy services (1)

153.903 154.154 152.491 -10.5 -0.9 -1.1

Electricity (1)

155.175 156.471 155.732 -12.2 0.4 -0.5

Utility (piped) gas service (1)

138.482 137.028 134.023 -7.5 -3.2 -2.2

Household furnishings and operations

94.235 93.553 93.024 -4.3 -1.3 -0.6

Apparel

89.863 87.730 88.250 -1.7 -1.8 0.6

Transportation

169.456 175.370 179.773 -3.0 6.1 2.5

Private transportation

165.136 171.587 175.531 -3.3 6.3 2.3

Motor fuel

148.371 181.813 202.163 -15.5 36.3 11.2

Gasoline (all types)

146.680 180.039 200.250 -15.5 36.5 11.2

Gasoline, unleaded regular (3)

138.316 171.969 191.964 -16.8 38.8 11.6

Gasoline, unleaded midgrade (3) (4)

174.342 204.785 224.879 -11.8 29.0 9.8

Gasoline, unleaded premium (3)

179.414 205.601 224.450 -7.1 25.1 9.2

Medical care

470.690 471.737 472.816 2.2 0.5 0.2

Recreation (5)

111.243 110.923 111.489 2.8 0.2 0.5

Education and communication (5)

142.838 142.143 142.775 0.6 0.0 0.4

Other goods and services

382.476 383.173 383.302 1.0 0.2 0.0
 

Commodity and service group

 
 

All items

227.438 227.778 229.197 0.7 0.8 0.6

Commodities

162.916 164.038 166.064 -1.3 1.9 1.2

Commodities less food & beverages

122.512 124.895 126.587 -3.5 3.3 1.4

Nondurables less food & beverages

153.926 159.843 164.641 -3.9 7.0 3.0

Durables

91.508 91.191 90.538 -2.3 -1.1 -0.7

Services

288.641 288.202 288.999 1.8 0.1 0.3
 

Special aggregate indexes

 
 

All items less medical care

217.009 217.319 218.754 0.5 0.8 0.7

All items less shelter

204.596 205.458 207.211 -0.4 1.3 0.9

Commodities less food

126.846 129.210 130.856 -3.3 3.2 1.3

Nondurables

198.970 201.033 204.819 -1.0 2.9 1.9

Nondurables less food

159.762 165.416 169.925 -3.6 6.4 2.7

Services less rent of shelter (2)

296.728 296.960 298.071 0.7 0.5 0.4

Services less medical care services

274.929 274.395 275.221 1.8 0.1 0.3

Energy

149.771 162.822 169.760 -12.9 13.3 4.3

All items less energy

236.599 235.765 236.685 1.7 0.0 0.4

All items less food and energy

236.180 235.619 236.192 1.8 0.0 0.2

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is on a December 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=100 base.
 

- Data not available.
Note: Index applies to a month as a whole, not to any specific date.
 

 

Last Modified Date: Tuesday, May 17, 2016