News Release Information

14-588-CHI

Tuesday, April 15, 2014

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Consumer Price Index, Chicago-Gary-Kenosha – March 2014


The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area rose 1.1 percent in March, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices increased 11.7 percent while food prices rose 0.3 percent. The all items less food and energy category saw little change, up 0.1 percent over the month. Among the indexes within the all items less food and energy category, prices were higher for apparel and unchanged for 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 increased 1.9 percent. The energy index rose 7.9 percent since last March due to increases in costs for utility (piped) gas service. The all items less food and energy index was 1.4 percent higher over the year.

Chart 1. Over-the-year percent change in CPI-U, Chicago-Gary-Kenosha

Food

Food prices increased 0.3 percent in March after rising 1.1 percent in February. Of the two components within the food index, prices for food at home (groceries) rose 0.4 percent and prices for food away from home (restaurant, cafeteria, and vending purchases) rose 0.2 percent over the month. Within the food at home group, prices were higher for citrus fruits; uncooked ground beef; and ham. In contrast, prices were lower for other bakery products and milk.

From March 2013 to March 2014, the food index increased 1.6 percent. Grocery food prices rose 0.9 percent over the year while prices for food eaten away from home increased 2.8 percent compared to last March.

Energy

The energy index rose 11.7 percent in March following a 2.0-percent increase in February. Within the energy category, prices rose for utility (piped) gas services (30.9 percent) and gasoline (9.4 percent). Electricity prices were unchanged over the month.

Overall energy prices were up 7.9 percent from March 2013 to March 2014. The index for utility (piped) gas service was 61.1 percent higher compared to a year ago. In contrast, the indexes for electricity and gasoline were down 7.0 percent and 1.7 percent, respectively, over the year.

All items less food and energy

The index for all items less food and energy saw little change, up 0.1 percent in March. Among the index’s components, prices were higher for apparel (1.7 percent) while shelter was unchanged.

Over the year, the index for all items less food and energy increased 1.4 percent. Increases in prices for shelter (1.6 percent) and apparel (7.3 percent) were contributing factors.

____________

The April 2014 Consumer Price Index for Chicago is scheduled to be released on May 15, 2014, at 7:30 a.m. (CT).


Table A. Percent Changes in the CPI-U, Chicago-Gary-Kenosha (not seasonally adjusted)
Expenditure Category Percent changes from preceding month 12 mo. ended Mar. '14
2013 2014
Sep. Oct. Nov. Dec. Jan. Feb. Mar.

All items

-0.2 -0.3 -0.3 -0.3 0.9 0.5 1.1 1.9

Food & beverages

-0.6 0.5 -0.1 0.0 0.8 1.1 0.3 1.8

Food

-0.6 0.5 -0.1 0.0 0.8 1.1 0.3 1.6

Housing

-0.3 0.0 0.2 -0.1 1.0 0.2 1.4 3.5

Apparel

5.4 -1.6 -3.6 -5.0 2.5 4.4 1.7 7.3

Transportation

-0.8 -1.6 -1.9 -0.4 1.4 0.5 3.1 -1.0

Medical care

-0.1 0.2 0.2 0.0 0.5 0.2 0.2 1.2

Recreation

0.1 -1.7 0.2 -0.3 0.7 0.2 -0.2 -0.6

Education & communication

-0.1 0.4 0.1 -0.3 0.1 0.6 0.0 1.4

Other goods & services

0.2 -0.1 0.7 -0.2 0.2 -0.3 0.3 1.7

Special Indexes

Energy

-1.3 -3.9 -3.4 -0.6 5.6 2.0 11.7 7.9

All items less food & energy

0.1 -0.1 0.0 -0.4 0.5 0.3 0.1 1.4

 

 

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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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 4,000 housing units and approximately 26,000 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/homch17_a.htm.

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-
Jan.
2014
Feb.
2014
Mar.
2014
Mar.
2013
Jan.
2014
Feb.
2014

Expenditure category

 
 

All items

225.027 226.217 228.784 1.9 1.7 1.1

All items (1967=100)

672.286 675.841 683.511 - - -

Food and beverages

231.741 234.205 234.916 1.8 1.4 0.3

Food

230.519 233.022 233.779 1.6 1.4 0.3

Food at home

231.296 231.463 232.482 0.9 0.5 0.4

Food away from home

224.183 229.943 230.312 2.8 2.7 0.2

Alcoholic beverages

248.192 250.052 250.078 5.0 0.8 0.0

Housing

225.380 225.723 228.848 3.5 1.5 1.4

Shelter

278.363 278.108 278.107 1.6 -0.1 0.0

Rent of primary residence (1)

292.988 292.801 292.974 2.5 0.0 0.1

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

285.782 285.210 284.756 1.7 -0.4 -0.2

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

285.782 285.210 284.756 1.7 -0.4 -0.2

Fuels and utilities

187.450 192.872 215.217 18.7 14.8 11.6

Household energy

157.107 162.551 186.255 21.8 18.6 14.6

Energy services (1)

159.465 164.475 189.268 21.6 18.7 15.1

Electricity (1)

139.704 139.772 139.816 -7.0 0.1 0.0

Utility (piped) gas service (1)

171.795 183.168 239.854 61.1 39.6 30.9

Household furnishings and operations

100.224 99.063 99.279 1.3 -0.9 0.2

Apparel

93.162 97.239 98.854 7.3 6.1 1.7

Transportation

197.112 198.032 204.235 -1.0 3.6 3.1

Private transportation

194.262 195.037 201.455 -0.9 3.7 3.3

Motor fuel

305.691 308.435 337.372 -1.5 10.4 9.4

Gasoline (all types)

302.329 305.015 333.748 -1.7 10.4 9.4

Gasoline, unleaded regular (3)

296.121 298.855 327.686 -2.0 10.7 9.6

Gasoline, unleaded midgrade (3) (4)

317.760 319.763 348.344 -1.8 9.6 8.9

Gasoline, unleaded premium (3)

296.249 299.069 324.969 0.0 9.7 8.7

Medical care

446.363 447.092 447.784 1.2 0.3 0.2

Recreation (5)

109.263 109.524 109.278 -0.6 0.0 -0.2

Education and communication (5)

139.743 140.583 140.557 1.4 0.6 0.0

Other goods and services

384.199 383.209 384.446 1.7 0.1 0.3
 

Commodity and service group

 
 

All items

225.027 226.217 228.784 1.9 1.7 1.1

Commodities

171.997 173.646 176.124 0.8 2.4 1.4

Commodities less food & beverages

140.389 141.630 144.797 0.2 3.1 2.2

Nondurables less food & beverages

187.770 191.212 197.468 1.3 5.2 3.3

Durables

95.048 94.212 94.456 -2.2 -0.6 0.3

Services

275.282 276.040 278.694 2.7 1.2 1.0
 

Special aggregate indexes

 
 

All items less medical care

215.564 216.776 219.430 2.0 1.8 1.2

All items less shelter

207.243 208.951 212.439 2.0 2.5 1.7

Commodities less food

144.484 145.752 148.861 0.3 3.0 2.1

Nondurables

211.276 214.294 217.976 1.5 3.2 1.7

Nondurables less food

192.145 195.522 201.478 1.4 4.9 3.0

Services less rent of shelter (2)

286.460 288.334 293.941 3.8 2.6 1.9

Services less medical care services

262.131 262.942 265.750 2.9 1.4 1.1

Energy

214.564 218.946 244.636 7.9 14.0 11.7

All items less energy

227.797 228.692 229.072 1.4 0.6 0.2

All items less food and energy

228.126 228.726 229.038 1.4 0.4 0.1

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: April 15, 2014