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17-1238-CHI
Thursday, September 14, 2017

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Consumer Price Index, Chicago-Gary-Kenosha — August 2017

Local prices rose 2.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area rose 0.3 percent in August, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that in August the food and energy indexes increased 0.8 percent and 1.1 percent, respectively. The all items less food and energy index edged up 0.1 percent over the month. Among the indexes within the all items less food and energy category, prices were higher for apparel and education and communication. (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 2.3 percent. (See chart 1 and table A.) Over the year, the food and energy indexes rose 1.1 percent and 6.9 percent, respectively. The all items less food and energy index was 2.1 percent higher over the year. (See table 1.)

Food

Food prices rose 0.8 percent in August. The food at home index (groceries) increased 1.3 percent, while the food away from home (restaurant, cafeteria, and vending purchases) index was unchanged. Within the food at home group, indexes were higher in August for carbonated drinks, citrus fruits, and potatoes.

From August 2016 to August 2017, the food index increased 1.1 percent. Grocery prices rose 0.8 percent over the year, and food away from home prices rose 1.6 percent from August a year ago.

Energy

The energy index rose 1.1 percent in August, primarily due to a 2.8-percent increase in gasoline prices. Electricity costs rose 0.5 percent over the month. In contrast, utility (piped) gas service costs fell 1.8 percent.

Over the year, the Chicago area energy index rose 6.9 percent. From August 2016 to August 2017 gasoline prices rose 7.6 percent. Costs for electricity and utility (piped) gas service were up 6.7 percent and 6.1 percent, respectively over the year.

All items less food and energy

The index for all items less food and energy edged up 0.1 percent in August. Among the index’s components, prices were higher for apparel (2.5 percent) and education and communication (0.6 percent).

Over the year, the index for all items less food and energy increased 2.1 percent. Increases in the indexes for shelter (2.3 percent), recreation (10.0 percent), and medical care (5.6 percent) were major contributing factors.

Table A. Chicago CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2013 2014 2015 2016 2017
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.2 1.2 0.9 1.2 -0.2 0.4 0.8 0.9 0.7 1.8

February

1.1 2.3 0.5 0.7 0.0 -0.2 -0.2 0.7 0.1 2.2

March

-0.1 0.9 1.1 1.9 0.7 -0.6 0.1 0.2 -0.1 2.0

April

0.0 0.9 0.5 2.4 0.1 -0.9 0.6 0.7 0.4 1.7

May

0.5 1.5 -0.1 1.8 0.3 -0.5 0.0 0.3 0.2 1.8

June

0.1 1.7 0.4 2.0 0.2 -0.7 0.5 0.7 0.0 1.3

July

-0.2 1.7 -0.4 1.9 -0.1 -0.5 -0.8 -0.1 0.0 2.2

August

0.1 1.1 0.1 1.9 0.4 -0.1 0.2 -0.2 0.3 2.3

September

-0.2 0.7 0.0 2.1 -0.3 -0.4 0.6 0.6    

October

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

November

-0.3 0.6 -0.8 1.6 -0.4 0.2 0.2 1.5    

December

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

The September 2017 Consumer Price Index for Chicago is scheduled to be released on Friday, October 13, 2017.

Consumer Price Index Geographic Revision for 2018

In January 2018, BLS will introduce a new geographic area sample for the Consumer Price Index (CPI). As part of the new sample, the index for this area will be renamed. The first indexes using the new structure will be published in February 2018. Additional information on the geographic revision is available at: www.bls.gov/cpi/georevision2018.htm.


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-
Jun.
2017
Jul.
2017
Aug.
2017
Aug.
2016
Jun.
2017
Jul.
2017

Expenditure category

 
 

All items

233.407 233.514 234.200 2.3 0.3 0.3

All items (1967=100)

697.323 697.641 699.692 - - -

Food and beverages

244.107 243.386 245.149 1.2 0.4 0.7

Food

243.753 243.068 244.996 1.1 0.5 0.8

Food at home

233.982 232.826 235.909 0.8 0.8 1.3

Food away from home

252.870 252.940 253.003 1.6 0.1 0.0

Alcoholic beverages

247.590 246.352 245.675 1.7 -0.8 -0.3

Housing

243.536 241.360 241.825 2.2 -0.7 0.2

Shelter

304.455 302.201 302.997 2.3 -0.5 0.3

Rent of primary residence(1)

320.744 321.965 322.751 2.7 0.6 0.2

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

306.589 307.155 307.579 1.9 0.3 0.1

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

306.589 307.155 307.579 1.9 0.3 0.1

Fuels and utilities

210.357 209.382 208.785 5.9 -0.7 -0.3

Household energy

167.135 165.919 165.293 6.3 -1.1 -0.4

Energy services(1)

170.522 169.326 168.648 6.4 -1.1 -0.4

Electricity(1)

162.788 162.332 163.078 6.7 0.2 0.5

Utility (piped) gas service(1)

168.160 165.876 162.964 6.1 -3.1 -1.8

Household furnishings and operations

92.662 90.022 90.187 -3.3 -2.7 0.2

Apparel

82.849 86.214 88.344 -1.3 6.6 2.5

Transportation

180.326 180.240 180.249 1.4 0.0 0.0

Private transportation

176.792 177.533 177.959 1.6 0.7 0.2

Motor fuel

213.946 217.704 223.744 7.6 4.6 2.8

Gasoline (all types)

211.791 215.557 221.547 7.6 4.6 2.8

Gasoline, unleaded regular(3)

202.527 206.487 212.454 7.7 4.9 2.9

Gasoline, unleaded midgrade(3)(4)

240.896 242.664 248.336 6.9 3.1 2.3

Gasoline, unleaded premium(3)

239.374 242.568 248.044 7.0 3.6 2.3

Medical care

494.011 502.061 502.922 5.6 1.8 0.2

Recreation(5)

112.229 116.208 115.755 10.0 3.1 -0.4

Education and communication(5)

142.530 142.370 143.216 -0.3 0.5 0.6

Other goods and services

384.961 386.977 385.543 0.6 0.2 -0.4
 

Commodity and service group

 
 

All items

233.407 233.514 234.200 2.3 0.3 0.3

Commodities

164.499 165.247 166.368 0.9 1.1 0.7

Commodities less food & beverages

124.484 125.786 126.594 0.7 1.7 0.6

Nondurables less food & beverages

162.950 167.476 170.015 2.6 4.3 1.5

Durables

88.284 87.182 86.692 -1.9 -1.8 -0.6

Services

298.891 298.359 298.606 3.1 -0.1 0.1
 

Special aggregate indexes

 
 

All items less medical care

222.223 221.980 222.660 2.0 0.2 0.3

All items less shelter

209.434 210.359 211.010 2.3 0.8 0.3

Commodities less food

128.857 130.108 130.887 0.7 1.6 0.6

Nondurables

203.914 205.943 208.132 1.8 2.1 1.1

Nondurables less food

168.481 172.709 175.082 2.5 3.9 1.4

Services less rent of shelter(2)

308.480 309.785 309.448 3.9 0.3 -0.1

Services less medical care services

284.054 283.512 283.734 3.0 -0.1 0.1

Energy

184.973 185.685 187.641 6.9 1.4 1.1

All items less energy

239.913 239.964 240.539 2.0 0.3 0.2

All items less food and energy

240.061 240.247 240.578 2.1 0.2 0.1

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: Thursday, September 14, 2017