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News Release Information

24-2328-CHI
Wednesday, November 13, 2024

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

Consumer Price Index, Chicago-Naperville-Elgin – October 2024

Area prices were down 0.3 percent over the past month, up 3.5 percent from a year ago

Prices in the Chicago-Naperville-Elgin area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 0.3 percent in October, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Jason Palmer noted that energy prices fell 1.4 percent while food prices were 0.5 percent lower in October. The all items less food and energy index decreased 0.1 percent over the month. Among the indexes within the all items less food and energy category, prices were lower for medical care, household furnishings and operations, and apparel, while prices were higher for shelter, recreation, and public transportation. (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 CPI-U rose 3.5 percent. (See chart 1 and table A.) The index for all items less food and energy rose 4.1 percent over the year. Food prices increased 1.9 percent. Energy prices declined 0.4 percent, mainly due to decreased gasoline prices. (See table 1.)


Food

Food prices fell 0.5 percent in October. (See table 1.) Prices for food at home (groceries) declined 0.7 percent, and prices for food away from home (restaurant, cafeteria, and vending purchases) declined 0.2 percent for the same period. Within the food at home group, categories experiencing declines included other meats, citrus fruits, and snacks. Categories for other fats and oils, including peanut butter and cheese and related products, increased.

Over the year, food prices increased 1.9 percent. The food at home index rose 1.5 percent as five of the six major grocery store food group indexes advanced over the year. Increasing indexes included nonalcoholic beverages and beverage materials (+4.2 percent); cereals and bakery products (+3.3 percent); meats, poultry, fish, and eggs (+1.8 percent); fruits and vegetables (+1.9 percent); and dairy and related products (+1.1 percent). Prices for food away from home rose 2.6 percent. 

Energy

The energy index decreased 1.4 percent over the month. The decrease was mainly due to lower gasoline prices (-2.5 percent). Electricity prices declined 0.7 percent, while utility (piped) gas service prices rose 0.8 percent for the same period.

Energy prices declined 0.4 percent over the year, mainly due to lower gasoline prices (-4.7 percent). Prices paid for electricity rose 4.6 percent, and utility (piped) gas service prices increased 2.9 percent during the past year.

All items less food and energy

The index for all items less food and energy decreased 0.1 percent in October. Lower prices for medical care (-1.1 percent), household furnishings and operations (-1.3 percent), and apparel (-1.8 percent) were partially offset by higher prices for shelter (+0.2 percent), recreation (+0.6 percent), and public transportation.

Over the year, the index for all items less food and energy rose 4.1 percent. Components contributing to the increase included shelter (+5.6 percent) and medical care services. Partly offsetting the increases were price decreases in household furnishings and operations (-7.6 percent).

Table A. Chicago-Naperville-Elgin, IL-IN-WI, CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month20202021202220232024
1-month12-month1-month12-month1-month12-month1-month12-month1-month12-month

January

0.92.60.70.70.96.80.95.40.83.3

February

0.02.00.61.20.87.10.45.00.53.4

March

-0.71.10.62.61.47.80.84.40.63.1

April

-0.90.31.04.60.47.20.84.80.63.0

May

1.00.41.04.71.88.00.43.30.43.1

June

0.31.10.44.71.3(r)8.9(r)0.12.10.03.0

July

0.21.00.44.9-0.2(r)8.4(r)0.02.20.63.7

August

0.11.00.14.80.1(r)8.3(r)0.22.30.23.8

September

0.61.40.34.50.2(r)8.2(r)0.12.30.54.1

October

-0.11.00.75.30.1(r)7.7(r)0.32.4-0.33.5

November

-0.40.80.26.0-0.66.8-0.52.5

December

-0.20.90.46.6-0.85.50.03.3

(r) Revised

The November 2024 Consumer Price Index for the Chicago-Naperville-Elgin area is scheduled to be released on Wednesday, December 11, 2024.

Notice Regarding Ceasing Publication of Utility Indexes

With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued.

The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity

  • Utility (piped) gas (often referred to as natural gas)

  • Energy services

  • Fuels and utilities

  • Household energy

The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity per KWH

  • Utility (piped) gas per therm


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 Consumer Price Index for Chicago is published monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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-Naperville-Elgin, IL-IN-WI Core Based Statistical Area includes Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry, and Will Counties in Illinois; Jasper, Lake, Newton, and Porter Counties in Indiana; and Kenosha County in Wisconsin.

Refer to the national CPI news release technical note or the Handbook of Methods for more information.

Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods
Chicago-Naperville-Elgin, IL-IN-WI (1982-84=100 unless otherwise noted)
Item and Group

IndexesPercent change from-
Aug.
2024
Sep.
2024
Oct.
2024
Oct.
2023
Aug.
2024
Sep.
2024

Expenditure category

All items

294.608295.979295.2393.50.2-0.3

All items (1967=100)

880.167884.261882.052---

Food and beverages

323.458325.795324.4222.00.3-0.4

Food

323.685326.379324.7321.90.3-0.5

Food at home

298.749302.293300.2501.50.5-0.7

Cereals and bakery products

343.814345.054345.1103.30.40.0

Meats, poultry, fish and eggs

321.893332.790323.0221.80.4-2.9

Dairy and related products

258.674255.192265.7661.12.74.1

Fruits and vegetables

347.663367.437360.7801.93.8-1.8

Nonalcoholic beverages and beverage materials(1)

259.970264.621255.4344.2-1.7-3.5

Other food at home

249.925243.579246.844-0.7-1.21.3

Food away from home

350.665351.710350.8532.60.1-0.2

Alcoholic beverages

318.967316.497318.8142.50.00.7

Housing

314.110314.943315.0583.80.30.0

Shelter

402.407404.084404.9645.60.60.2

Rent of primary residence(2)

426.129428.149430.5735.21.00.6

Owners' equiv. rent of residences(2)(3)

415.256417.191418.4046.10.80.3

Owners' equiv. rent of primary residence(2)(3)

415.256417.191418.4046.10.80.3

Fuels and utilities

258.185256.191256.1074.1-0.80.0

Household energy

201.966199.881199.5363.8-1.2-0.2

Energy services(2)

206.199204.046203.6993.9-1.2-0.2

Electricity(2)

192.487193.077191.7344.6-0.4-0.7

Utility (piped) gas service(2)

201.609194.500196.1212.9-2.70.8

Household furnishings and operations

103.598103.650102.340-7.6-1.2-1.3

Apparel

92.09395.00393.3373.11.4-1.8

Transportation

248.214246.163245.8764.1-0.9-0.1

Private transportation

253.684249.982248.6003.7-2.0-0.6

New and used motor vehicles(4)

116.783117.326117.052-2.20.2-0.2

New vehicles(1)

214.017213.645213.095-1.8-0.4-0.3

Used cars and trucks(1)

348.249348.386348.545-2.60.10.0

Motor fuel

344.093313.517305.692-4.9-11.2-2.5

Gasoline (all types)

342.594311.852303.961-4.7-11.3-2.5

Gasoline, unleaded regular(5)

330.432299.882292.157-5.0-11.6-2.6

Gasoline, unleaded midgrade(5)(6)

384.775356.377347.442-3.0-9.7-2.5

Gasoline, unleaded premium(5)

373.350348.674341.313-2.5-8.6-2.1

Medical care

558.957577.142570.5384.32.1-1.1

Recreation(4)

134.900134.571135.3512.80.30.6

Education and communication(4)

145.523144.462143.6862.3-1.3-0.5

Tuition, other school fees, and childcare(1)

1,320.7511,334.6991,334.6995.11.10.0

Other goods and services

511.193515.835511.4808.20.1-0.8

Commodity and service group

All items

294.608295.979295.2393.50.2-0.3

Commodities

203.119202.479200.824-0.7-1.1-0.8

Commodities less food and beverages

146.404144.759143.119-2.7-2.2-1.1

Nondurables less food and beverages

203.685201.156197.137-1.4-3.2-2.0

Durables

93.78792.95493.507-5.7-0.30.6

Services

381.438384.711384.8375.90.90.0

Special aggregate indexes

All items less medical care

283.552284.136283.6703.50.0-0.2

All items less shelter

258.040259.309257.9912.40.0-0.5

Commodities less food

152.131150.448148.887-2.4-2.1-1.0

Nondurables

263.734263.251260.2490.5-1.3-1.1

Nondurables less food

211.156208.607204.863-1.0-3.0-1.8

Services less rent of shelter(3)

377.761382.865382.1886.31.2-0.2

Services less medical care services

367.117368.824369.5495.90.70.2

Energy

257.589244.250240.950-0.4-6.5-1.4

All items less energy

300.587303.203302.6713.80.7-0.2

All items less food and energy

297.270299.876299.5194.10.8-0.1

Footnotes
(1) Index on a December 1977=100 base.
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Index on a December 1982=100 base.
(4) Indexes on a December 1997=100 base.
(5) Special index based on a substantially smaller sample.
(6) Index on a December 1993=100 base.

- Data not available.
Note: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: Wednesday, November 13, 2024