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16-1797-CHI
Friday, September 16, 2016

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

Local prices decline 0.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area rose 0.2 percent in August, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that energy prices remained unchanged and food prices rose 0.5 percent in August. 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 apparel; education and communication; and shelter. (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 0.3 percent. (See chart 1 and table A.) The energy index fell 13.1 percent over the year as prices declined for gasoline and electricity. The all items less food and energy index was 1.0 percent higher over the year. (See table 1.)

Food

Food prices rose 0.5 percent in August following a 0.3-percent decrease in July. Between the two components within the food index, prices for food at home (groceries) increased 0.7 percent, while prices for food away from home (restaurant, cafeteria, and vending purchases) were up 0.2 percent over the month. Within the food at home group, prices were higher for chicken, milk, and citrus fruits. In contrast, the indexes for eggs and pork chops decreased.

From August 2015 to August 2016, the food index decreased 0.2 percent. Grocery prices declined 2.8 percent over the year, while prices for food eaten away from home rose 3.6 percent.

Energy

The energy index remained unchanged in August. Utility (piped) gas service costs increased 4.0 percent over the month, while gasoline prices decreased 0.9 percent and the electricity index fell 1.2 percent.

Over the year, the Chicago area energy index declined 13.1 percent. The major contributing factor in the energy index’s decline was a 22.1-percent decrease in gasoline prices from August 2015. The electricity index fell 6.5 percent, while utility (piped) gas service costs rose 2.6 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 August. Prices were higher for apparel (7.3 percent); education and communication (0.8 percent); and shelter (0.1 percent). The index for recreation saw a 2.1-percent decrease over the month.

Over the year, the index for all items less food and energy increased 1.0 percent. Increases in the indexes for shelter (2.6 percent); medical care (2.4 percent); and education and communication (1.0 percent) were major contributing factors. In contrast, prices were down for recreation (-4.6 percent); household furnishings and operations (-3.1 percent); and apparel (-2.5 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 0.2 -0.3

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 September 2016 Consumer Price Index for Chicago is scheduled to be released on Tuesday, October 18, 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-
Jun.
2016
Jul.
2016
Aug.
2016
Aug.
2015
Jun.
2016
Jul.
2016

Expenditure category

 
 

All items

230.307 228.415 228.918 -0.3 -0.6 0.2

All items (1967=100)

688.060 682.408 683.912 - - -

Food and beverages

242.182 241.241 242.333 -0.2 0.1 0.5

Food

241.914 241.147 242.266 -0.2 0.1 0.5

Food at home

233.889 232.479 234.034 -2.8 0.1 0.7

Food away from home

248.330 248.595 248.998 3.6 0.3 0.2

Alcoholic beverages

244.426 240.915 241.621 -0.4 -1.1 0.3

Housing

236.478 236.119 236.599 1.7 0.1 0.2

Shelter

297.282 295.812 296.090 2.6 -0.4 0.1

Rent of primary residence (1)

312.688 313.464 314.221 2.5 0.5 0.2

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

300.313 301.197 301.764 2.7 0.5 0.2

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

300.313 301.197 301.764 2.7 0.5 0.2

Fuels and utilities

192.555 195.983 197.235 -0.4 2.4 0.6

Household energy

150.516 154.165 155.478 -3.5 3.3 0.9

Energy services (1)

153.429 157.234 158.436 -3.5 3.3 0.8

Electricity (1)

153.072 154.689 152.881 -6.5 -0.1 -1.2

Utility (piped) gas service (1)

140.672 147.672 153.617 2.6 9.2 4.0

Household furnishings and operations

92.198 92.718 93.307 -3.1 1.2 0.6

Apparel

86.203 83.354 89.479 -2.5 3.8 7.3

Transportation

185.633 179.372 177.796 -6.4 -4.2 -0.9

Private transportation

182.195 176.753 175.155 -6.6 -3.9 -0.9

Motor fuel

237.082 209.896 208.017 -22.1 -12.3 -0.9

Gasoline (all types)

234.900 207.812 205.974 -22.1 -12.3 -0.9

Gasoline, unleaded regular (3)

226.215 198.982 197.257 -23.2 -12.8 -0.9

Gasoline, unleaded midgrade (3) (4)

260.830 234.994 232.343 -18.6 -10.9 -1.1

Gasoline, unleaded premium (3)

255.671 233.594 231.797 -15.5 -9.3 -0.8

Medical care

473.136 473.725 475.360 2.4 0.5 0.3

Recreation (5)

110.079 107.508 105.200 -4.6 -4.4 -2.1

Education and communication (5)

141.753 142.423 143.579 1.0 1.3 0.8

Other goods and services

385.358 383.769 383.113 -0.1 -0.6 -0.2
 

Commodity and service group

 
 

All items

230.307 228.415 228.918 -0.3 -0.6 0.2

Commodities

166.941 164.020 164.821 -3.6 -1.3 0.5

Commodities less food & beverages

128.560 124.986 125.631 -6.4 -2.3 0.5

Nondurables less food & beverages

169.989 163.058 165.505 -7.2 -2.6 1.5

Durables

89.952 89.035 88.342 -3.9 -1.8 -0.8

Services

290.325 289.480 289.681 1.7 -0.2 0.1
 

Special aggregate indexes

 
 

All items less medical care

219.900 217.897 218.351 -0.5 -0.7 0.2

All items less shelter

207.737 205.693 206.276 -1.6 -0.7 0.3

Commodities less food

132.793 129.184 129.837 -6.1 -2.2 0.5

Nondurables

206.680 202.582 204.397 -3.4 -1.1 0.9

Nondurables less food

174.988 168.212 170.574 -6.7 -2.5 1.4

Services less rent of shelter (2)

297.861 297.653 297.781 0.7 0.0 0.0

Services less medical care services

276.461 275.548 275.577 1.6 -0.3 0.0

Energy

183.772 175.478 175.553 -13.1 -4.5 0.0

All items less energy

236.610 235.294 235.842 0.8 -0.3 0.2

All items less food and energy

236.480 235.060 235.505 1.0 -0.4 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: Friday, September 16, 2016