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16-1648-CHI
Tuesday, August 16, 2016

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

Local prices down 0.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area fell 0.8 percent in July, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that energy prices declined 4.5 percent and food prices fell 0.3 percent in July. The all items less food and energy index decreased 0.6 percent over the month. Among the indexes within the all items less food and energy category, prices were lower for shelter, recreation, and apparel. (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 was down 0.1 percent. (See chart 1 and table A.) The energy index fell 12.2 percent over the year as prices declined for gasoline, electricity, and utility (piped) gas service. The all items less food and energy index was 1.1 percent higher over the year. (See table 1.)

Food

Food prices fell 0.3 percent in July following a 0.4-percent decrease in June. Between the two components within the food index, prices for food at home (groceries) decreased 0.6 percent, while prices for food away from home (restaurant, cafeteria, and vending purchases) were up 0.1 percent over the month. Within the food at home group, prices were lower for nonfrozen noncarbonated juices and drinks; breakfast cereal; and milk. In contrast, the indexes for tomatoes, potatoes, and lettuce increased.

From July 2015 to July 2016, the food index was unchanged. Prices for food eaten away from home rose 3.7 percent over the year, while grocery food prices fell 2.4 percent.

Energy

The energy index was down 4.5 percent in July primarily due to gasoline prices falling 11.5 percent. Utility (piped) gas service costs increased 5.0 percent over the month and the electricity index rose 1.1 percent.

Over the year, the Chicago area energy index declined 12.2 percent. The major contributing factor in the energy index’s decline was a 20.6-percent decrease in gasoline prices from July 2015. The electricity index fell 4.4 percent and utility (piped) gas service costs edged down 0.1 percent during the same period.

All items less food and energy

The index for all items less food and energy decreased 0.6 percent in July. Prices were lower for shelter (-0.5 percent), recreation (-2.3 percent), and apparel (-3.3 percent).

Over the year, the index for all items less food and energy increased 1.1 percent. Increases in the indexes for shelter (2.6 percent) and medical care (2.1 percent) were major contributing factors. In contrast, prices were down for household furnishings and operations (-4.1 percent), recreation (-2.3 percent), and apparel (-3.7 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 0.0 0.3

June

-0.1 0.9 0.1 1.7 0.4 2.0 0.2 -0.7 0.5 0.6

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    

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 August 2016 Consumer Price Index for Chicago is scheduled to be released on Friday, September 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-
May
2016
Jun.
2016
Jul.
2016
Jul.
2015
May
2016
Jun.
2016

Expenditure category

 
 

All items

229.257 230.307 228.415 -0.1 -0.4 -0.8

All items (1967=100)

684.925 688.060 682.408 - - -

Food and beverages

242.985 242.182 241.241 0.0 -0.7 -0.4

Food

242.765 241.914 241.147 0.0 -0.7 -0.3

Food at home

235.636 233.889 232.479 -2.4 -1.3 -0.6

Food away from home

247.752 248.330 248.595 3.7 0.3 0.1

Alcoholic beverages

244.504 244.426 240.915 -0.7 -1.5 -1.4

Housing

234.952 236.478 236.119 1.7 0.5 -0.2

Shelter

294.568 297.282 295.812 2.6 0.4 -0.5

Rent of primary residence (1)

311.695 312.688 313.464 2.4 0.6 0.2

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

299.775 300.313 301.197 2.8 0.5 0.3

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

299.775 300.313 301.197 2.8 0.5 0.3

Fuels and utilities

192.257 192.555 195.983 -0.2 1.9 1.8

Household energy

150.457 150.516 154.165 -3.2 2.5 2.4

Energy services (1)

153.423 153.429 157.234 -3.1 2.5 2.5

Electricity (1)

157.431 153.072 154.689 -4.4 -1.7 1.1

Utility (piped) gas service (1)

133.639 140.672 147.672 -0.1 10.5 5.0

Household furnishings and operations

93.253 92.198 92.718 -4.1 -0.6 0.6

Apparel

87.536 86.203 83.354 -3.7 -4.8 -3.3

Transportation

182.559 185.633 179.372 -5.6 -1.7 -3.4

Private transportation

178.485 182.195 176.753 -5.9 -1.0 -3.0

Motor fuel

218.064 237.082 209.896 -20.6 -3.7 -11.5

Gasoline (all types)

216.003 234.900 207.812 -20.6 -3.8 -11.5

Gasoline, unleaded regular (3)

207.394 226.215 198.982 -21.8 -4.1 -12.0

Gasoline, unleaded midgrade (3) (4)

242.246 260.830 234.994 -17.1 -3.0 -9.9

Gasoline, unleaded premium (3)

238.978 255.671 233.594 -13.4 -2.3 -8.6

Medical care

474.541 473.136 473.725 2.1 -0.2 0.1

Recreation (5)

108.563 110.079 107.508 -2.3 -1.0 -2.3

Education and communication (5)

142.333 141.753 142.423 0.2 0.1 0.5

Other goods and services

382.602 385.358 383.769 0.5 0.3 -0.4
 

Commodity and service group

 
 

All items

229.257 230.307 228.415 -0.1 -0.4 -0.8

Commodities

166.469 166.941 164.020 -3.1 -1.5 -1.7

Commodities less food & beverages

127.599 128.560 124.986 -5.6 -2.0 -2.8

Nondurables less food & beverages

166.944 169.989 163.058 -6.7 -2.3 -4.1

Durables

90.553 89.952 89.035 -3.1 -1.7 -1.0

Services

288.716 290.325 289.480 1.7 0.3 -0.3
 

Special aggregate indexes

 
 

All items less medical care

218.742 219.900 217.897 -0.3 -0.4 -0.9

All items less shelter

207.261 207.737 205.693 -1.4 -0.8 -1.0

Commodities less food

131.848 132.793 129.184 -5.4 -2.0 -2.7

Nondurables

205.469 206.680 202.582 -3.1 -1.4 -2.0

Nondurables less food

172.101 174.988 168.212 -6.3 -2.3 -3.9

Services less rent of shelter (2)

297.375 297.861 297.653 0.7 0.1 -0.1

Services less medical care services

274.655 276.461 275.548 1.6 0.3 -0.3

Energy

176.374 183.772 175.478 -12.2 -0.5 -4.5

All items less energy

236.139 236.610 235.294 0.9 -0.4 -0.6

All items less food and energy

235.767 236.480 235.060 1.1 -0.3 -0.6

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, August 16, 2016