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17-11-CHI
Wednesday, January 18, 2017

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Consumer Price Index, Chicago-Gary-Kenosha — December 2016

Local prices rose 1.9 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area fell 0.2 percent in December, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that food prices declined 0.4 percent and energy prices increased 2.6 percent in December. The all items less food and energy index fell 0.4 percent over the month. Among the indexes within the all items less food and energy category, prices were lower for apparel, shelter, and recreation. Prices for education and communication were higher 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 increased 1.9 percent. (See chart 1 and table A.) Energy costs rose 8.0 percent over the year due to increases in the indexes for gasoline and utility (piped) gas service. The all items less food and energy index was 1.8 percent higher over the year. (See table 1.)

 

Food

Food prices fell 0.4 percent in December after recording no change in November. Between the two components within the food index, prices for food at home (groceries) decreased 0.6 percent, while prices for food away from home (restaurant, cafeteria, and vending purchases) were unchanged over the month. Within the food at home group, prices were lower in December for citrus fruits, uncooked beef steaks, and eggs. In contrast, the indexes for canned fruits and vegetables and breakfast cereal were higher.

From December 2015 to December 2016, the food index fell 0.2 percent. Grocery prices declined 2.1 percent, while food away from home prices rose 2.7 percent over the year.

Energy

The energy index increased 2.6 percent in December, primarily due to a 7.8-percent increase in gasoline prices. Electricity costs were little changed over the month, increasing 0.1 percent, while the utility (piped) gas service index decreased 3.8 percent during same period.

Over the year, the Chicago area energy index rose 8.0 percent. The major contributing factors in the energy index’s increase were a 14.4-percent rise in gasoline prices and a 19.1-percent increase in the utility (piped) gas service index. Electricity costs fell 5.2 percent over the year.

All items less food and energy

The index for all items less food and energy declined 0.4 percent in December. Prices were lower for apparel (-6.0 percent), shelter (-0.5 percent), and recreation (-0.9 percent), but higher for education and communication (0.4 percent).

Over the year, the index for all items less food and energy increased 1.8 percent. Increases in the indexes for shelter (2.9 percent) and medical care (6.5 percent) were major contributing factors.

Table A. Chicago CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2012 2013 2014 2015 2016
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 2.1 0.2 1.2 0.9 1.2 -0.2 0.4 0.8 0.9

February

0.0 1.6 1.1 2.3 0.5 0.7 0.0 -0.2 -0.2 0.7

March

1.2 2.1 -0.1 0.9 1.1 1.9 0.7 -0.6 0.1 0.2

April

0.0 1.7 0.0 0.9 0.5 2.4 0.1 -0.9 0.6 0.7

May

-0.1 1.0 0.5 1.5 -0.1 1.8 0.3 -0.5 0.0 0.3

June

-0.1 0.9 0.1 1.7 0.4 2.0 0.2 -0.7 0.5 0.7

July

-0.2 1.1 -0.2 1.7 -0.4 1.9 -0.1 -0.5 -0.8 -0.1

August

0.6 1.5 0.1 1.1 0.1 1.9 0.4 -0.1 0.2 -0.2

September

0.3 1.6 -0.2 0.7 0.0 2.1 -0.3 -0.4 0.6 0.6

October

-0.2 1.7 -0.3 0.5 -0.4 2.0 -0.1 -0.2 0.1 0.8

November

-0.4 1.5 -0.3 0.6 -0.8 1.6 -0.4 0.2 0.2 1.5

December

-0.3 1.7 -0.3 0.5 -0.4 1.5 -0.6 0.0 -0.2 1.9

The January 2017 Consumer Price Index for Chicago is scheduled to be released on Wednesday, February 15, 2017.


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 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.

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-
Oct.
2016
Nov.
2016
Dec.
2016
Dec.
2015
Oct.
2016
Nov.
2016

Expenditure category

 
 

All items

230.506 230.969 230.476 1.9 0.0 -0.2

All items (1967=100)

688.657 690.040 688.567 - - -

Food and beverages

243.493 243.435 242.856 -0.2 -0.3 -0.2

Food

243.409 243.466 242.580 -0.2 -0.3 -0.4

Food at home

234.715 234.809 233.374 -2.1 -0.6 -0.6

Food away from home

250.838 250.838 250.838 2.7 0.0 0.0

Alcoholic beverages

243.025 241.256 245.213 -0.2 0.9 1.6

Housing

237.836 238.965 237.767 2.5 0.0 -0.5

Shelter

298.177 300.016 298.542 2.9 0.1 -0.5

Rent of primary residence(1)

315.028 317.112 317.296 2.4 0.7 0.1

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

302.627 304.051 304.582 2.5 0.6 0.2

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

302.627 304.051 304.582 2.5 0.6 0.2

Fuels and utilities

198.338 199.898 197.760 4.9 -0.3 -1.1

Household energy

156.634 157.840 155.622 3.1 -0.6 -1.4

Energy services(1)

159.604 160.926 158.554 3.1 -0.7 -1.5

Electricity(1)

150.121 150.177 150.375 -5.2 0.2 0.1

Utility (piped) gas service(1)

161.008 164.254 157.948 19.1 -1.9 -3.8

Household furnishings and operations

92.264 91.171 91.290 -3.0 -1.1 0.1

Apparel

90.718 88.102 82.776 -5.0 -8.8 -6.0

Transportation

178.374 176.508 179.811 3.5 0.8 1.9

Private transportation

175.340 172.887 176.640 3.8 0.7 2.2

Motor fuel

212.050 196.464 211.678 14.2 -0.2 7.7

Gasoline (all types)

209.910 194.380 209.568 14.4 -0.2 7.8

Gasoline, unleaded regular(3)

200.688 185.344 200.589 14.8 0.0 8.2

Gasoline, unleaded midgrade(3)(4)

238.435 222.363 236.527 13.1 -0.8 6.4

Gasoline, unleaded premium(3)

238.051 224.125 236.886 12.0 -0.5 5.7

Medical care

482.970 498.174 495.526 6.5 2.6 -0.5

Recreation(5)

107.425 106.585 105.603 -3.0 -1.7 -0.9

Education and communication(5)

144.041 144.574 145.202 1.1 0.8 0.4

Other goods and services

386.640 385.112 388.371 1.1 0.4 0.8
 

Commodity and service group

 
 

All items

230.506 230.969 230.476 1.9 0.0 -0.2

Commodities

165.454 163.609 163.691 -0.3 -1.1 0.1

Commodities less food & beverages

126.022 123.550 123.894 -0.3 -1.7 0.3

Nondurables less food & beverages

167.564 162.380 163.117 2.1 -2.7 0.5

Durables

87.509 87.153 87.191 -3.4 -0.4 0.0

Services

292.198 294.948 293.889 3.1 0.6 -0.4
 

Special aggregate indexes

 
 

All items less medical care

219.677 219.492 219.093 1.4 -0.3 -0.2

All items less shelter

207.696 207.683 207.529 1.4 -0.1 -0.1

Commodities less food

130.258 127.777 128.216 -0.3 -1.6 0.3

Nondurables

206.041 203.289 203.396 0.8 -1.3 0.1

Nondurables less food

172.608 167.587 168.507 2.0 -2.4 0.5

Services less rent of shelter(2)

300.870 304.841 304.185 3.3 1.1 -0.2

Services less medical care services

277.743 279.293 278.419 2.6 0.2 -0.3

Energy

177.821 172.525 177.059 8.0 -0.4 2.6

All items less energy

237.381 238.381 237.418 1.5 0.0 -0.4

All items less food and energy

237.122 238.297 237.317 1.8 0.1 -0.4

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. Data not seasonally adjusted.
 

 

Last Modified Date: Wednesday, January 18, 2017