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16-1441-CHI
Friday, July 15, 2016

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

Local prices up 0.6 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area increased 0.5 percent in June, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that energy prices rose 4.2 percent while food prices declined 0.4 percent in June. The all items less food and energy index increased 0.3 percent over the month. Among the indexes within the all items less food and energy category, prices were higher for shelter and recreation but lower for 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 rose 0.6 percent. (See chart 1 and table A.) The energy index fell 10.3 percent over the year as prices declined for gasoline, electricity, and utility (piped) gas service. The all items less food and energy index was 1.8 percent higher over the year. (See table 1.)

Food

Food prices fell 0.4 percent in June following a 0.5-percent decrease in May. Between the two components within the food index, prices for food at home (groceries) decreased 0.7 percent, while prices for food away from home (restaurant, cafeteria, and vending purchases) were 0.2 percent higher over the month. Within the food at home group, prices were lower for lettuce, carbonated drinks, and tomatoes. In contrast, the indexes for apples and eggs experienced increases.

From June 2015 to June 2016, the food index increased 0.7 percent. Prices for food eaten away from home rose 3.7 percent over the year, while grocery food prices declined 1.3 percent.

Energy

The energy index was up 4.2 percent in June primarily due to gasoline prices rising 8.7 percent. Utility (piped) gas service costs increased 5.3 percent over the month, while the electricity index was down 2.8 percent.

Over the year, the Chicago area energy index declined 10.3 percent. The major contributing factor in the energy index’s decline was a 14.5-percent decrease in gasoline prices from June 2015. The electricity index fell 6.1 percent and utility (piped) gas service costs fell 3.8 percent during the same period.

All items less food and energy

The index for all items less food and energy increased 0.3 percent in June. Prices were higher for shelter (0.9 percent) and recreation (1.4 percent). Apparel prices were 1.5 percent lower over the month.

Over the year, the index for all items less food and energy increased 1.8 percent. Increases in the indexes for shelter (3.2 percent) and medical care (2.0 percent) were major contributing factors. Prices were down 3.7 percent for household furnishings and operations.

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    

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 July 2016 Consumer Price Index for Chicago is scheduled to be released on Tuesday, August 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-
Apr.
2016
May
2016
Jun.
2016
Jun.
2015
Apr.
2016
May
2016

Expenditure category

 
 

All items

229.197 229.257 230.307 0.6 0.5 0.5

All items (1967=100)

684.745 684.925 688.060 - - -

Food and beverages

244.140 242.985 242.182 0.6 -0.8 -0.3

Food

243.985 242.765 241.914 0.7 -0.8 -0.4

Food at home

237.899 235.636 233.889 -1.3 -1.7 -0.7

Food away from home

247.301 247.752 248.330 3.7 0.4 0.2

Alcoholic beverages

244.694 244.504 244.426 0.6 -0.1 0.0

Housing

234.650 234.952 236.478 2.0 0.8 0.6

Shelter

294.479 294.568 297.282 3.2 1.0 0.9

Rent of primary residence (1)

311.114 311.695 312.688 2.4 0.5 0.3

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

298.911 299.775 300.313 2.6 0.5 0.2

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

298.911 299.775 300.313 2.6 0.5 0.2

Fuels and utilities

190.815 192.257 192.555 -2.0 0.9 0.2

Household energy

149.707 150.457 150.516 -5.6 0.5 0.0

Energy services (1)

152.491 153.423 153.429 -5.5 0.6 0.0

Electricity (1)

155.732 157.431 153.072 -6.1 -1.7 -2.8

Utility (piped) gas service (1)

134.023 133.639 140.672 -3.8 5.0 5.3

Household furnishings and operations

93.024 93.253 92.198 -3.7 -0.9 -1.1

Apparel

88.250 87.536 86.203 -0.8 -2.3 -1.5

Transportation

179.773 182.559 185.633 -4.2 3.3 1.7

Private transportation

175.531 178.485 182.195 -4.4 3.8 2.1

Motor fuel

202.163 218.064 237.082 -14.6 17.3 8.7

Gasoline (all types)

200.250 216.003 234.900 -14.5 17.3 8.7

Gasoline, unleaded regular (3)

191.964 207.394 226.215 -15.5 17.8 9.1

Gasoline, unleaded midgrade (3) (4)

224.879 242.246 260.830 -11.5 16.0 7.7

Gasoline, unleaded premium (3)

224.450 238.978 255.671 -8.2 13.9 7.0

Medical care

472.816 474.541 473.136 2.0 0.1 -0.3

Recreation (5)

111.489 108.563 110.079 0.3 -1.3 1.4

Education and communication (5)

142.775 142.333 141.753 0.3 -0.7 -0.4

Other goods and services

383.302 382.602 385.358 0.6 0.5 0.7
 

Commodity and service group

 
 

All items

229.197 229.257 230.307 0.6 0.5 0.5

Commodities

166.064 166.469 166.941 -1.9 0.5 0.3

Commodities less food & beverages

126.587 127.599 128.560 -4.0 1.6 0.8

Nondurables less food & beverages

164.641 166.944 169.989 -4.3 3.2 1.8

Durables

90.538 90.553 89.952 -2.2 -0.6 -0.7

Services

288.999 288.716 290.325 2.1 0.5 0.6
 

Special aggregate indexes

 
 

All items less medical care

218.754 218.742 219.900 0.5 0.5 0.5

All items less shelter

207.211 207.261 207.737 -0.6 0.3 0.2

Commodities less food

130.856 131.848 132.793 -3.7 1.5 0.7

Nondurables

204.819 205.469 206.680 -1.6 0.9 0.6

Nondurables less food

169.925 172.101 174.988 -4.0 3.0 1.7

Services less rent of shelter (2)

298.071 297.375 297.861 0.8 -0.1 0.2

Services less medical care services

275.221 274.655 276.461 2.1 0.5 0.7

Energy

169.760 176.374 183.772 -10.3 8.3 4.2

All items less energy

236.685 236.139 236.610 1.6 0.0 0.2

All items less food and energy

236.192 235.767 236.480 1.8 0.1 0.3

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: Friday, July 15, 2016