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News Release Information

24-1895-CHI
Wednesday, September 11, 2024

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

Consumer Price Index, Chicago-Naperville-Elgin area – August 2024

Area prices were up 0.2 percent over the past month, up 3.8 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), increased 0.2 percent in August, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Jason Palmer noted that energy prices fell 1.8 percent while food prices were 0.1 percent lower in August. The all items less food and energy index rose 0.5 percent over the month. Among the indexes within the all items less food and energy index, prices were higher for shelter, public transportation, and education and communication, while prices were lower for household furnishings and operations and new and used motor vehicles. (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 4.3 percent over the year. Food prices increased 1.9 percent. Energy prices declined 0.3 percent, largely the result of a decrease in the price of gasoline. (See table 1.)


Food

Food prices fell 0.1 percent for the month of August. (See table 1.) Prices for food at home (groceries) declined 0.4 percent, and prices for food away from home (restaurant, cafeteria, and vending purchases) increased 0.3 percent for the same period. Within the food at home group, categories experiencing declines included other fresh vegetables, chicken, and other meats (includes frankfurters; lunch meats, such as bologna, liverwurst, and salami; lamb and organ meats; and mutton, goat, game). Indexes were higher for candy and chewing gum, other uncooked poultry including turkey, and snacks.

Over the year, food prices increased 1.9 percent. The food at home index rose 1.0 percent as four of the six major grocery store food group indexes advanced over the year. Increasing indexes included other food at home (includes sugar, sweets, fats, and oils, for example) (+2.8 percent); nonalcoholic beverages and beverage materials (+6.6 percent); and meats, poultry, fish, and eggs (+1.7 percent). Prices for food away from home rose 3.5 percent.

Energy

The energy index decreased 1.8 percent over the month. The decrease was mainly due to lower prices for gasoline (-3.3 percent). Prices for electricity rose 0.1 percent, while prices for utility (piped) gas service declined 0.3 percent for the same period.

Energy prices declined 0.3 percent over the year, largely due to lower prices for gasoline (-7.1 percent). Prices paid for electricity rose 7.3 percent, and prices for utility (piped) gas service increased 6.4 percent during the past year.

All items less food and energy

The index for all items less food and energy advanced 0.5 percent in August. Higher prices for shelter (+0.7 percent), education and communication (+1.0 percent), and public transportation were partially offset by lower prices for household furnishings and operations (-1.8 percent) and new and used motor vehicles (-1.0 percent).

Over the year, the index for all items less food and energy rose 4.3 percent. Components contributing to the increase included shelter (+6.6 percent) and other goods and services (+11.6 percent). Partly offsetting the increases were price decreases in new and used motor vehicles (-5.2 percent) and household furnishings and operations (-3.3 percent).

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

October

-0.1 1.0 0.7 5.3 0.1(r) 7.7(r) 0.3 2.4

November

-0.4 0.8 0.2 6.0 -0.6 6.8 -0.5 2.5

December

-0.2 0.9 0.4 6.6 -0.8 5.5 0.0 3.3

(r) Revised

The September 2024 Consumer Price Index for the Chicago-Naperville-Elgin area is scheduled to be released on Thursday, October 10, 2024.


Technical Note

The Consumer Price Index for Chicago is published monthly. 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 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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, 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 75 urban areas across the country from about 6,000 housing units and approximately 22,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000.  Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.

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-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.

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

Indexes Percent change from-
Jun.
2024
Jul.
2024
Aug.
2024
Aug.
2023
Jun.
2024
Jul.
2024

Expenditure category

All items

292.106 293.943 294.608 3.8 0.9 0.2

All items (1967=100)

872.692 878.180 880.167 - - -

Food and beverages

320.964 323.727 323.458 2.1 0.8 -0.1

Food

321.050 324.052 323.685 1.9 0.8 -0.1

Food at home

297.222 299.910 298.749 1.0 0.5 -0.4

Cereals and bakery products

340.204 340.492 343.814 0.8 1.1 1.0

Meats, poultry, fish and eggs

311.860 323.920 321.893 1.7 3.2 -0.6

Dairy and related products

259.269 258.337 258.674 -1.6 -0.2 0.1

Fruits and vegetables

357.324 361.400 347.663 -4.7 -2.7 -3.8

Nonalcoholic beverages and beverage materials(1)

258.118 262.808 259.970 6.6 0.7 -1.1

Other food at home

249.053 246.003 249.925 2.8 0.4 1.6

Food away from home

346.207 349.606 350.665 3.5 1.3 0.3

Alcoholic beverages

318.380 317.924 318.967 3.6 0.2 0.3

Housing

311.161 313.031 314.110 5.4 0.9 0.3

Shelter

398.041 399.664 402.407 6.6 1.1 0.7

Rent of primary residence(2)

423.373 424.903 426.129 5.3 0.7 0.3

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

410.133 412.073 415.256 6.7 1.2 0.8

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

410.133 412.073 415.256 6.7 1.2 0.8

Fuels and utilities

257.424 258.352 258.185 6.2 0.3 -0.1

Household energy

201.096 202.141 201.966 6.7 0.4 -0.1

Energy services(2)

205.228 206.335 206.199 6.8 0.5 -0.1

Electricity(2)

193.386 192.390 192.487 7.3 -0.5 0.1

Utility (piped) gas service(2)

197.186 202.172 201.609 6.4 2.2 -0.3

Household furnishings and operations

103.164 105.488 103.598 -3.3 0.4 -1.8

Apparel

87.644 90.227 92.093 1.2 5.1 2.1

Transportation

250.246 248.980 248.214 2.0 -0.8 -0.3

Private transportation

254.746 256.325 253.684 2.4 -0.4 -1.0

New and used motor vehicles(4)

118.152 117.973 116.783 -5.2 -1.2 -1.0

New vehicles(1)

214.697 214.604 214.017 -1.6 -0.3 -0.3

Used cars and trucks(1)

353.925 350.542 348.249 -9.4 -1.6 -0.7

Motor fuel

349.220 355.472 344.093 -7.2 -1.5 -3.2

Gasoline (all types)

347.975 354.159 342.594 -7.1 -1.5 -3.3

Gasoline, unleaded regular(5)

336.081 342.134 330.432 -7.4 -1.7 -3.4

Gasoline, unleaded midgrade(5)(6)

386.188 392.708 384.775 -4.8 -0.4 -2.0

Gasoline, unleaded premium(5)

374.961 380.836 373.350 -4.2 -0.4 -2.0

Medical care

554.616 559.267 558.957 2.6 0.8 -0.1

Recreation(4)

132.731 134.692 134.900 2.1 1.6 0.2

Education and communication(4)

143.462 144.090 145.523 2.9 1.4 1.0

Tuition, other school fees, and childcare(1)

1,301.476 1,311.263 1,320.751 4.8 1.5 0.7

Other goods and services

509.874 512.879 511.193 11.6 0.3 -0.3

Commodity and service group

All items

292.106 293.943 294.608 3.8 0.9 0.2

Commodities

201.654 204.096 203.119 -0.5 0.7 -0.5

Commodities less food and beverages

145.405 147.562 146.404 -2.3 0.7 -0.8

Nondurables less food and beverages

201.779 205.210 203.685 -0.6 0.9 -0.7

Durables

93.622 94.607 93.787 -6.4 0.2 -0.9

Services

377.953 379.221 381.438 6.3 0.9 0.6

Special aggregate indexes

All items less medical care

281.125 282.838 283.552 3.9 0.9 0.3

All items less shelter

256.185 258.109 258.040 2.3 0.7 0.0

Commodities less food

151.131 153.248 152.131 -2.0 0.7 -0.7

Nondurables

261.501 264.763 263.734 1.0 0.9 -0.4

Nondurables less food

209.298 212.569 211.156 -0.1 0.9 -0.7

Services less rent of shelter(3)

375.004 375.939 377.761 6.1 0.7 0.5

Services less medical care services

363.670 364.745 367.117 6.6 0.9 0.7

Energy

259.091 262.191 257.589 -0.3 -0.6 -1.8

All items less energy

297.725 299.475 300.587 4.0 1.0 0.4

All items less food and energy

294.370 295.923 297.270 4.3 1.0 0.5

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, September 11, 2024