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News Release Information

14-2143-CHI
Thursday, November 20, 2014

Contacts

Technical information:
Media contact:
  • (312) 353-1138

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

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area decreased 0.4 percent in October, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices fell 6.4 percent while food prices were 0.4 percent higher in October. 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 index, prices were higher for medical care and shelter. The index for apparel was lower in October. (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 2.0 percent. (See chart 1 and table A.) The energy index rose 4.1 percent since last October primarily due to increases in the cost of electricity. The all items less food and energy index was 1.4 percent higher over the year. (See table 1.)

Food

Food prices increased 0.4 percent in October following a 0.6 percent increase in September. Of the two components within the food index, prices for food at home (groceries) rose 0.6 percent and prices for food away from home (restaurant, cafeteria, and vending purchases) edged up 0.1 percent over the month. Within the food at home group, categories experiencing increases included lettuce; cakes, cupcakes, and cookies; and tomatoes. Prices were lower for apples and canned fruits and vegetables.

From October 2013 to October 2014, the food index increased 4.4 percent. Grocery food prices rose 4.4 percent over the year while prices for food eaten away from home increased 4.3 percent compared to last October.

Energy

The energy index was down 6.4 percent in October due to declines in the indexes for gasoline (-8.1 percent) and utility (piped) gas service (-12.2 percent). In contrast, electricity costs rose 1.8 percent.

Overall energy prices were up 4.1 percent from October 2013 to October 2014. Over the year, the indexes for electricity and utility (piped) gas service rose 33.1 percent and 0.3 percent, respectively, while gasoline prices fell 5.3 percent.

All items less food and energy

The index for all items less food and energy increased 0.2 percent in October. Among the index’s components, prices were 1.0 percent higher for medical care and 0.1 percent higher for shelter. In contrast, the index for apparel was 1.6 percent lower over the month.

Over the year, the index for all items less food and energy increased 1.4 percent. Annual increases in the indexes for shelter (2.5 percent), medical care (3.0 percent), and education and communication (2.8 percent) were the major contributing factors.

Table A. Percent Changes in the CPI-U, Chicago-Gary-Kenosha (not seasonally adjusted)
Expenditure CategoryPercent changes from preceding month12 mo. ended Oct. '14
2014
Apr.MayJun.Jul.Aug.Sep.Oct.

All items

0.5-0.10.4-0.40.10.0-0.42.0

Food & beverages

0.20.5-0.1-0.10.50.60.44.1

Food

0.30.7-0.10.00.40.60.44.4

Housing

0.7-0.50.70.4-0.1-0.2-0.33.4

Apparel

-1.40.2-2.6-3.74.30.2-1.6-5.1

Transportation

1.4-0.21.2-2.9-1.5-0.3-2.3-1.9

Medical care

0.10.0-0.20.60.30.11.03.0

Recreation

-0.71.00.20.20.0-0.90.10.4

Education & communication

0.40.10.2-0.10.50.90.12.8

Other goods & services

-0.2-0.30.40.10.00.3-0.20.9
 

Special Indexes

 

Energy

4.2-4.03.8(R)-3.2-3.0-1.4-6.44.1

All items less food & energy

0.10.20.1-0.20.40.10.21.4

Footnotes:
(R) Revised.
 

The November 2014 Consumer Price Index for Chicago is scheduled to be released on Wednesday, December 17, 2014, at 7:30 a.m. (CT).


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-
Aug.
2014
Sep.
2014
Oct.
2014
Oct.
2013
Aug.
2014
Sep.
2014

Expenditure category

 
 

All items

229.753229.829228.9872.0-0.3-0.4

All items (1967=100)

686.408686.633684.116---

Food and beverages

237.423238.733239.6704.10.90.4

Food

236.640238.065239.0504.41.00.4

Food at home

236.376237.160238.6394.41.00.6

Food away from home

231.642233.945234.2074.31.10.1

Alcoholic beverages

247.330246.914247.1281.4-0.10.1

Housing

231.602231.219230.4783.4-0.5-0.3

Shelter

282.484283.560283.8792.50.50.1

Rent of primary residence (1)

296.159298.885300.6553.41.50.6

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

286.603288.145289.1712.10.90.4

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

286.603288.145289.1712.10.90.4

Fuels and utilities

217.919210.419202.80914.2-6.9-3.6

Household energy

188.215180.259172.18616.8-8.5-4.5

Energy services (1)

191.953183.774175.43317.2-8.6-4.5

Electricity (1)

164.449166.303169.36733.13.01.8

Utility (piped) gas service (1)

211.934190.650167.3200.3-21.1-12.2

Household furnishings and operations

97.20397.00697.500-1.90.30.5

Apparel

95.48095.67894.121-5.1-1.4-1.6

Transportation

200.133199.520195.023-1.9-2.6-2.3

Private transportation

197.286197.417191.902-1.8-2.7-2.8

Motor fuel

318.996322.832296.760-5.2-7.0-8.1

Gasoline (all types)

315.586319.414293.546-5.3-7.0-8.1

Gasoline, unleaded regular (3)

309.435312.987286.684-5.7-7.4-8.4

Gasoline, unleaded midgrade (3) (4)

332.780337.551313.959-3.4-5.7-7.0

Gasoline, unleaded premium (3)

308.619313.442293.021-2.8-5.1-6.5

Medical care

451.769452.421456.7343.01.11.0

Recreation (5)

110.018109.036109.1180.4-0.80.1

Education and communication (5)

142.154143.498143.7032.81.10.1

Other goods and services

384.271385.599384.7590.90.1-0.2
 

Commodity and service group

 
 

All items

229.753229.829228.9872.0-0.3-0.4

Commodities

174.380174.966173.0010.1-0.8-1.1

Commodities less food & beverages

141.257141.510138.343-2.6-2.1-2.2

Nondurables less food & beverages

191.869193.042186.568-2.7-2.8-3.4

Durables

92.87392.25792.219-2.8-0.70.0

Services

282.225281.818282.0353.2-0.10.1
 

Special aggregate indexes

 
 

All items less medical care

220.267220.317219.2462.0-0.5-0.5

All items less shelter

212.208211.929210.6721.8-0.7-0.6

Commodities less food

145.313145.549142.448-2.5-2.0-2.1

Nondurables

216.186217.440214.4300.8-0.8-1.4

Nondurables less food

196.000197.094190.943-2.5-2.6-3.1

Services less rent of shelter (2)

296.722294.713294.8293.9-0.60.0

Services less medical care services

269.303268.951268.7853.3-0.2-0.1

Energy

238.682235.329220.2734.1-7.7-6.4

All items less energy

230.710231.113231.6211.90.40.2

All items less food and energy

230.456230.671231.0921.40.30.2

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: Thursday, November 20, 2014