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24-2529-CHI
Wednesday, December 11, 2024
Prices in the Chicago-Naperville-Elgin area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), declined 0.2 percent in November, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Jason Palmer noted that energy prices fell 4.5 percent while food prices were 0.4 percent higher in November. The all items less food and energy index was unchanged over the month. Among the indexes within the all items less food and energy category, prices were higher for shelter, while prices were lower for apparel. (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 3.8 percent. (See chart 1 and table A.) The index for all items less food and energy rose 4.5 percent over the year. Food prices increased 3.0 percent. Energy prices declined 3.8 percent, mainly due to decreased gasoline prices. (See table 1.)
Food prices rose 0.4 percent in November. (See table 1.) Prices for food at home (groceries) increased 0.5 percent, and prices for food away from home (restaurant, cafeteria, and vending purchases) were up 0.2 percent for the same period. Within the food at home group, categories experiencing increases included candy and chewing gum, other meats, and snacks. Categories for other fresh vegetables and canned fruits and vegetables decreased.
Over the year, food prices increased 3.0 percent. The food at home index rose 2.6 percent as five of the six major grocery store food group indexes advanced over the year. Increasing indexes included other food at home (+3.2 percent); meats, poultry, fish, and eggs (+3.7 percent); nonalcoholic beverages and beverage materials (+5.9 percent); dairy and related products (+2.9 percent); and cereals and bakery products (+0.3 percent). Prices for food away from home rose 3.5 percent.
EnergyThe energy index decreased 4.5 percent over the month. The decrease was mainly due to lower gasoline prices (-6.2 percent). Electricity prices declined 5.6 percent, while utility (piped) gas service prices rose 2.1 percent for the same period.
Energy prices declined 3.8 percent over the year, mainly due to lower gasoline prices (-7.2 percent). Prices paid for electricity fell 3.8 percent, and utility (piped) gas service prices increased 6.2 percent during the past year.
All items less food and energyThe index for all items less food and energy was unchanged in November. Higher prices for shelter (+0.1 percent) were partially offset by lower prices for apparel (-4.5 percent).
Over the year, the index for all items less food and energy rose 4.5 percent. Components contributing to the increase included shelter (+5.5 percent) and medical care services.
Month | 2020 | 2021 | 2022 | 2023 | 2024 | |||||
---|---|---|---|---|---|---|---|---|---|---|
1-month | 12-month | 1-month | 12-month | 1-month | 12-month | 1-month | 12-month | 1-month | 12-month | |
January | 0.9 | 2.6 | 0.7 | 0.7 | 0.9 | 6.8 | 0.9 | 5.4 | 0.8 | 3.3 |
February | 0.0 | 2.0 | 0.6 | 1.2 | 0.8 | 7.1 | 0.4 | 5.0 | 0.5 | 3.4 |
March | -0.7 | 1.1 | 0.6 | 2.6 | 1.4 | 7.8 | 0.8 | 4.4 | 0.6 | 3.1 |
April | -0.9 | 0.3 | 1.0 | 4.6 | 0.4 | 7.2 | 0.8 | 4.8 | 0.6 | 3.0 |
May | 1.0 | 0.4 | 1.0 | 4.7 | 1.8 | 8.0 | 0.4 | 3.3 | 0.4 | 3.1 |
June | 0.3 | 1.1 | 0.4 | 4.7 | 1.3(r) | 8.9(r) | 0.1 | 2.1 | 0.0 | 3.0 |
July | 0.2 | 1.0 | 0.4 | 4.9 | -0.2(r) | 8.4(r) | 0.0 | 2.2 | 0.6 | 3.7 |
August | 0.1 | 1.0 | 0.1 | 4.8 | 0.1(r) | 8.3(r) | 0.2 | 2.3 | 0.2 | 3.8 |
September | 0.6 | 1.4 | 0.3 | 4.5 | 0.2(r) | 8.2(r) | 0.1 | 2.3 | 0.5 | 4.1 |
October | -0.1 | 1.0 | 0.7 | 5.3 | 0.1(r) | 7.7(r) | 0.3 | 2.4 | -0.3 | 3.5 |
November | -0.4 | 0.8 | 0.2 | 6.0 | -0.6 | 6.8 | -0.5 | 2.5 | -0.2 | 3.8 |
December | -0.2 | 0.9 | 0.4 | 6.6 | -0.8 | 5.5 | 0.0 | 3.3 |
The December 2024 Consumer Price Index for the Chicago-Naperville-Elgin area is scheduled to be released on Wednesday, January 15, 2025.
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
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.
Item and Group | Indexes | Percent change from- | ||||
---|---|---|---|---|---|---|
Sep. 2024 | Oct. 2024 | Nov. 2024 | Nov. 2023 | Sep. 2024 | Oct. 2024 | |
Expenditure category | ||||||
All items | 295.979 | 295.239 | 294.542 | 3.8 | -0.5 | -0.2 |
All items (1967=100) | 884.261 | 882.052 | 879.970 | - | - | - |
Food and beverages | 325.795 | 324.422 | 325.673 | 2.9 | 0.0 | 0.4 |
Food | 326.379 | 324.732 | 326.037 | 3.0 | -0.1 | 0.4 |
Food at home | 302.293 | 300.250 | 301.782 | 2.6 | -0.2 | 0.5 |
Cereals and bakery products | 345.054 | 345.110 | 338.165 | 0.3 | -2.0 | -2.0 |
Meats, poultry, fish and eggs | 332.790 | 323.022 | 323.697 | 3.7 | -2.7 | 0.2 |
Dairy and related products | 255.192 | 265.766 | 269.487 | 2.9 | 5.6 | 1.4 |
Fruits and vegetables | 367.437 | 360.780 | 358.858 | -0.2 | -2.3 | -0.5 |
Nonalcoholic beverages and beverage materials(1) | 264.621 | 255.434 | 264.984 | 5.9 | 0.1 | 3.7 |
Other food at home | 243.579 | 246.844 | 249.374 | 3.2 | 2.4 | 1.0 |
Food away from home | 351.710 | 350.853 | 351.685 | 3.5 | 0.0 | 0.2 |
Alcoholic beverages | 316.497 | 318.814 | 319.334 | 1.8 | 0.9 | 0.2 |
Housing | 314.943 | 315.058 | 314.819 | 4.2 | 0.0 | -0.1 |
Shelter | 404.084 | 404.964 | 405.476 | 5.5 | 0.3 | 0.1 |
Rent of primary residence(2) | 428.149 | 430.573 | 433.196 | 5.2 | 1.2 | 0.6 |
417.191 | 418.404 | 420.176 | 5.9 | 0.7 | 0.4 | |
417.191 | 418.404 | 420.176 | 5.9 | 0.7 | 0.4 | |
Fuels and utilities | 256.191 | 256.107 | 250.504 | 1.0 | -2.2 | -2.2 |
Household energy | 199.881 | 199.536 | 193.677 | -0.5 | -3.1 | -2.9 |
Energy services(2) | 204.046 | 203.699 | 197.762 | -0.4 | -3.1 | -2.9 |
Electricity(2) | 193.077 | 191.734 | 181.063 | -3.8 | -6.2 | -5.6 |
Utility (piped) gas service(2) | 194.500 | 196.121 | 200.182 | 6.2 | 2.9 | 2.1 |
Household furnishings and operations | 103.650 | 102.340 | 102.611 | -2.2 | -1.0 | 0.3 |
Apparel | 95.003 | 93.337 | 89.170 | 3.4 | -6.1 | -4.5 |
Transportation | 246.163 | 245.876 | 243.384 | 3.7 | -1.1 | -1.0 |
Private transportation | 249.982 | 248.600 | 245.407 | 3.2 | -1.8 | -1.3 |
New and used motor vehicles(4) | 117.326 | 117.052 | 117.424 | -3.4 | 0.1 | 0.3 |
New vehicles(1) | 213.645 | 213.095 | 213.517 | -1.3 | -0.1 | 0.2 |
Used cars and trucks(1) | 348.386 | 348.545 | 350.973 | -2.6 | 0.7 | 0.7 |
Motor fuel | 313.517 | 305.692 | 287.120 | -7.3 | -8.4 | -6.1 |
Gasoline (all types) | 311.852 | 303.961 | 285.248 | -7.2 | -8.5 | -6.2 |
Gasoline, unleaded regular(5) | 299.882 | 292.157 | 273.702 | -7.5 | -8.7 | -6.3 |
356.377 | 347.442 | 328.984 | -5.0 | -7.7 | -5.3 | |
Gasoline, unleaded premium(5) | 348.674 | 341.313 | 325.049 | -4.3 | -6.8 | -4.8 |
Medical care | 577.142 | 570.538 | 570.463 | 3.2 | -1.2 | 0.0 |
Recreation(4) | 134.571 | 135.351 | 135.233 | 2.8 | 0.5 | -0.1 |
Education and communication(4) | 144.462 | 143.686 | 143.982 | 2.6 | -0.3 | 0.2 |
Tuition, other school fees, and childcare(1) | 1,334.699 | 1,334.699 | 1,334.699 | 5.0 | 0.0 | 0.0 |
Other goods and services | 515.835 | 511.480 | 511.684 | 8.1 | -0.8 | 0.0 |
Commodity and service group | ||||||
All items | 295.979 | 295.239 | 294.542 | 3.8 | -0.5 | -0.2 |
Commodities | 202.479 | 200.824 | 199.311 | 0.3 | -1.6 | -0.8 |
Commodities less food and beverages | 144.759 | 143.119 | 140.737 | -1.7 | -2.8 | -1.7 |
Nondurables less food and beverages | 201.156 | 197.137 | 192.849 | -0.7 | -4.1 | -2.2 |
Durables | 92.954 | 93.507 | 92.881 | -4.0 | -0.1 | -0.7 |
Services | 384.711 | 384.837 | 384.910 | 5.6 | 0.1 | 0.0 |
Special aggregate indexes | ||||||
All items less medical care | 284.136 | 283.670 | 282.940 | 3.8 | -0.4 | -0.3 |
All items less shelter | 259.309 | 257.991 | 256.860 | 2.8 | -0.9 | -0.4 |
Commodities less food | 150.448 | 148.887 | 146.550 | -1.5 | -2.6 | -1.6 |
Nondurables | 263.251 | 260.249 | 258.239 | 1.3 | -1.9 | -0.8 |
Nondurables less food | 208.607 | 204.863 | 200.771 | -0.4 | -3.8 | -2.0 |
Services less rent of shelter(3) | 382.865 | 382.188 | 381.857 | 5.7 | -0.3 | -0.1 |
Services less medical care services | 368.824 | 369.549 | 369.625 | 5.7 | 0.2 | 0.0 |
Energy | 244.250 | 240.950 | 230.083 | -3.8 | -5.8 | -4.5 |
All items less energy | 303.203 | 302.671 | 302.818 | 4.3 | -0.1 | 0.0 |
All items less food and energy | 299.876 | 299.519 | 299.485 | 4.5 | -0.1 | 0.0 |
Footnotes | ||||||
- Data not available. |
Last Modified Date: Wednesday, December 11, 2024