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16-2123-CHI
Thursday, November 17, 2016

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

Local prices increase 0.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area rose 0.1 percent in October, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that food prices rose 0.8 percent and energy prices decreased 0.3 percent in October. The all items less food and energy index remained the same over the month. Among the indexes within the all items less food and energy category, prices were higher for medical care and education and communication. The indexes for apparel and new and used motor vehicles were lower over the month. (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 0.8 percent. (See chart 1 and table A.) Energy costs fell 4.4 percent over the year due to declines in the indexes for gasoline and electricity. The all items less food and energy index was 1.5 percent higher over the year. (See table 1.)

Food

Food prices increased 0.8 percent in October following a 0.3-percent decrease in September. Between the two components of the food index, prices for food at home (groceries) rose 0.9 percent, and prices for food away from home (restaurant, cafeteria, and vending purchases) increased 0.7 percent over the month. Within the food at home group, the indexes for other fresh fruits; frozen and freeze dried prepared foods; and lettuce were higher in October. In contrast, the indexes for eggs and uncooked ground beef were lower.

From October 2015 to October 2016, the food index decreased 0.2 percent. Grocery prices declined 2.7 percent over the year, while prices for food eaten away from home rose 3.5 percent.

Energy

The energy index declined 0.3 percent in October, primarily due to a 1.9-percent decrease in the electricity index. Utility (piped) gas service costs increased 0.9 percent and gasoline prices were up 0.2 percent from their September levels.

Over the year, the Chicago area energy index declined 4.4 percent. The major contributing factors in the energy index’s decline were an 8.9-percent decrease in gasoline prices and a 6.2-percent decline in the electricity index. Utility (piped) gas service costs rose 12.2 percent over the year.

All items less food and energy

The index for all items less food and energy was unchanged from its September level. Prices were higher for medical care (0.4 percent) and education and communication (0.4 percent). In contrast, prices were lower for apparel (-2.0 percent) and new and used motor vehicles.

Over the year, the index for all items less food and energy increased 1.5 percent. Annual increases in the indexes for shelter (2.8 percent) and medical care (3.8 percent) were major contributing factors. In contrast, prices were lower over the year for new and used motor vehicles and household furnishings and operations (-2.3 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 0.0 0.3

June

-0.1 0.9 0.1 1.7 0.4 2.0 0.2 -0.7 0.5 0.7

July

-0.2 1.1 -0.2 1.7 -0.4 1.9 -0.1 -0.5 -0.8 -0.1

August

0.6 1.5 0.1 1.1 0.1 1.9 0.4 -0.1 0.2 -0.2

September

0.3 1.6 -0.2 0.7 0.0 2.1 -0.3 -0.4 0.6 0.6

October

-0.2 1.7 -0.3 0.5 -0.4 2.0 -0.1 -0.2 0.1 0.8

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 November 2016 Consumer Price Index for Chicago is scheduled to be released on Thursday, December 15, 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-
Aug.
2016
Sep.
2016
Oct.
2016
Oct.
2015
Aug.
2016
Sep.
2016

Expenditure category

 
 

All items

228.956 230.282 230.506 0.8 0.7 0.1

All items (1967=100)

684.025 687.987 688.657 - - -

Food and beverages

242.333 241.597 243.493 -0.2 0.5 0.8

Food

242.266 241.444 243.409 -0.2 0.5 0.8

Food at home

234.034 232.714 234.715 -2.7 0.3 0.9

Food away from home

248.998 248.982 250.838 3.5 0.7 0.7

Alcoholic beverages

241.621 242.156 243.025 -0.5 0.6 0.4

Housing

236.599 238.072 237.836 2.3 0.5 -0.1

Shelter

296.090 298.231 298.177 2.8 0.7 0.0

Rent of primary residence (1)

314.221 314.519 315.028 2.1 0.3 0.2

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

301.764 302.298 302.627 2.5 0.3 0.1

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

301.764 302.298 302.627 2.5 0.3 0.1

Fuels and utilities

197.235 199.452 198.338 2.3 0.6 -0.6

Household energy

155.478 157.802 156.634 0.1 0.7 -0.7

Energy services (1)

158.436 160.850 159.604 0.1 0.7 -0.8

Electricity (1)

152.881 152.986 150.121 -6.2 -1.8 -1.9

Utility (piped) gas service (1)

153.617 159.538 161.008 12.2 4.8 0.9

Household furnishings and operations

93.307 92.489 92.264 -2.3 -1.1 -0.2

Apparel

89.479 92.535 90.718 -0.8 1.4 -2.0

Transportation

177.796 178.641 178.374 -2.7 0.3 -0.1

Private transportation

175.155 175.559 175.340 -2.3 0.1 -0.1

Motor fuel

208.017 211.501 212.050 -9.0 1.9 0.3

Gasoline (all types)

205.974 209.420 209.910 -8.9 1.9 0.2

Gasoline, unleaded regular (3)

197.257 200.533 200.688 -9.5 1.7 0.1

Gasoline, unleaded midgrade (3) (4)

232.343 236.176 238.435 -7.1 2.6 1.0

Gasoline, unleaded premium (3)

231.797 235.995 238.051 -5.4 2.7 0.9

Medical care

476.255 480.887 482.970 3.8 1.4 0.4

Recreation (5)

105.200 107.085 107.425 -1.5 2.1 0.3

Education and communication (5)

143.579 143.526 144.041 0.3 0.3 0.4

Other goods and services

383.113 384.319 386.640 0.9 0.9 0.6
 

Commodity and service group

 
 

All items

228.956 230.282 230.506 0.8 0.7 0.1

Commodities

164.890 165.291 165.454 -1.8 0.3 0.1

Commodities less food & beverages

125.725 126.563 126.022 -3.1 0.2 -0.4

Nondurables less food & beverages

165.721 167.585 167.564 -1.8 1.1 0.0

Durables

88.342 88.384 87.509 -3.9 -0.9 -1.0

Services

289.687 291.916 292.198 2.3 0.9 0.1
 

Special aggregate indexes

 
 

All items less medical care

218.351 219.534 219.677 0.6 0.6 0.1

All items less shelter

206.327 207.375 207.696 -0.1 0.7 0.2

Commodities less food

129.930 130.768 130.258 -2.9 0.3 -0.4

Nondurables

204.511 205.134 206.041 -1.0 0.7 0.4

Nondurables less food

170.779 172.579 172.608 -1.7 1.1 0.0

Services less rent of shelter (2)

297.792 300.212 300.870 1.7 1.0 0.2

Services less medical care services

275.577 277.543 277.743 2.2 0.8 0.1

Energy

175.553 178.322 177.821 -4.4 1.3 -0.3

All items less energy

235.883 237.087 237.381 1.2 0.6 0.1

All items less food and energy

235.555 237.132 237.122 1.5 0.7 0.0

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: Thursday, November 17, 2016