Thursday, November 17, 2016
The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area rose 0.1 percent in October, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that food prices rose 0.8 percent and energy prices decreased 0.3 percent in October. The all items less food and energy index remained the same over the month. Among the indexes within the all items less food and energy category, prices were higher for medical care and education and communication. The indexes for apparel and new and used motor vehicles were lower over the month. (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 0.8 percent. (See chart 1 and table A.) Energy costs fell 4.4 percent over the year due to declines in the indexes for gasoline and electricity. The all items less food and energy index was 1.5 percent higher over the year. (See table 1.)
Food prices increased 0.8 percent in October following a 0.3-percent decrease in September. Between the two components of the food index, prices for food at home (groceries) rose 0.9 percent, and prices for food away from home (restaurant, cafeteria, and vending purchases) increased 0.7 percent over the month. Within the food at home group, the indexes for other fresh fruits; frozen and freeze dried prepared foods; and lettuce were higher in October. In contrast, the indexes for eggs and uncooked ground beef were lower.
From October 2015 to October 2016, the food index decreased 0.2 percent. Grocery prices declined 2.7 percent over the year, while prices for food eaten away from home rose 3.5 percent.
The energy index declined 0.3 percent in October, primarily due to a 1.9-percent decrease in the electricity index. Utility (piped) gas service costs increased 0.9 percent and gasoline prices were up 0.2 percent from their September levels.
Over the year, the Chicago area energy index declined 4.4 percent. The major contributing factors in the energy index’s decline were an 8.9-percent decrease in gasoline prices and a 6.2-percent decline in the electricity index. Utility (piped) gas service costs rose 12.2 percent over the year.
The index for all items less food and energy was unchanged from its September level. Prices were higher for medical care (0.4 percent) and education and communication (0.4 percent). In contrast, prices were lower for apparel (-2.0 percent) and new and used motor vehicles.
Over the year, the index for all items less food and energy increased 1.5 percent. Annual increases in the indexes for shelter (2.8 percent) and medical care (3.8 percent) were major contributing factors. In contrast, prices were lower over the year for new and used motor vehicles and household furnishings and operations (-2.3 percent).
The November 2016 Consumer Price Index for Chicago is scheduled to be released on Thursday, December 15, 2016.
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.
|Item and Group||Indexes||Percent change from-|
All items (1967=100)
Food and beverages
Food at home
Food away from home
Rent of primary residence (1)
Fuels and utilities
Energy services (1)
Utility (piped) gas service (1)
Household furnishings and operations
Gasoline (all types)
Gasoline, unleaded regular (3)
Gasoline, unleaded premium (3)
Education and communication (5)
Other goods and services
Commodity and service group
Commodities less food & beverages
Nondurables less food & beverages
Special aggregate indexes
All items less medical care
All items less shelter
Commodities less food
Nondurables less food
Services less rent of shelter (2)
Services less medical care services
All items less energy
All items less food and energy
- Data not available.
Last Modified Date: Thursday, November 17, 2016