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17-323-CHI
Wednesday, March 15, 2017

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

Local prices up 2.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area edged up 0.1 percent in February, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that food prices were unchanged and energy prices decreased 2.4 percent in February. The all items less food and energy index rose 0.4 percent over the month. Among the indexes within the all items less food and energy category, prices were higher for recreation, apparel, and shelter. (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 2.2 percent. (See chart 1 and table A.) Energy costs rose 20.5 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 1.5 percent higher over the year. (See table 1.)

Food

Food prices were unchanged in February after decreasing 0.2 percent in January. The indexes for both food at home (groceries) and food away from home (restaurant, cafeteria, and vending purchases) were unchanged over the month. Within the food at home group, prices were higher in February for other pork including roasts and picnics, potatoes, and breakfast cereal. In contrast, the indexes citrus fruits, other fresh fruits, and eggs were lower.

From February 2016 to February 2017, the food index fell 0.6 percent. Grocery prices declined 2.5 percent, while food away from home prices rose 2.3 percent over the year.

Energy

The energy index decreased 2.4 percent in February primarily due to gasoline prices falling 5.5 percent. Utility (piped) gas service costs increased 1.0 percent over the month and the electricity index was unchanged.

Over the year, the Chicago area energy index rose 20.5 percent. The major contributing factors in the energy index’s rise were a 42.6-percent increase in gasoline prices and a 20.7-percent increase in the utility (piped) gas service index. Electricity costs fell 0.7 percent over the year.

All items less food and energy

The index for all items less food and energy increased 0.4 percent in February. Prices were higher for recreation (3.3 percent), apparel (2.2 percent), and shelter (0.1 percent).

Over the year, the index for all items less food and energy increased 1.5 percent. Increases in the indexes for shelter (2.0 percent) and medical care (4.7 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    

April

0.0 0.9 0.5 2.4 0.1 -0.9 0.6 0.7    

May

0.5 1.5 -0.1 1.8 0.3 -0.5 0.0 0.3    

June

0.1 1.7 0.4 2.0 0.2 -0.7 0.5 0.7    

July

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

August

0.1 1.1 0.1 1.9 0.4 -0.1 0.2 -0.2    

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 March 2017 Consumer Price Index for Chicago is scheduled to be released on Friday, April 14, 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-
Dec.
2016
Jan.
2017
Feb.
2017
Feb.
2016
Dec.
2016
Jan.
2017

Expenditure category

 
 

All items

230.476 232.155 232.491 2.2 0.9 0.1

All items (1967=100)

688.567 693.581 694.586 - - -

Food and beverages

242.856 242.524 242.266 -0.6 -0.2 -0.1

Food

242.580 242.117 242.088 -0.6 -0.2 0.0

Food at home

233.374 232.695 232.648 -2.5 -0.3 0.0

Food away from home

250.838 250.726 250.726 2.3 0.0 0.0

Alcoholic beverages

245.213 246.802 243.173 -0.7 -0.8 -1.5

Housing

237.767 240.097 240.382 2.2 1.1 0.1

Shelter

298.542 300.959 301.142 2.0 0.9 0.1

Rent of primary residence(1)

317.296 317.668 318.021 2.3 0.2 0.1

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

304.582 304.947 304.978 2.1 0.1 0.0

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

304.582 304.947 304.978 2.1 0.1 0.0

Fuels and utilities

197.760 202.833 203.417 7.7 2.9 0.3

Household energy

155.622 160.768 161.380 6.8 3.7 0.4

Energy services(1)

158.554 163.895 164.534 6.9 3.8 0.4

Electricity(1)

150.375 154.025 154.027 -0.7 2.4 0.0

Utility (piped) gas service(1)

157.948 165.549 167.158 20.7 5.8 1.0

Household furnishings and operations

91.290 91.776 92.163 -2.2 1.0 0.4

Apparel

82.776 85.121 86.958 -3.2 5.1 2.2

Transportation

179.811 182.556 180.859 6.7 0.6 -0.9

Private transportation

176.640 179.380 177.223 7.3 0.3 -1.2

Motor fuel

211.678 223.642 211.378 42.5 -0.1 -5.5

Gasoline (all types)

209.568 221.456 209.239 42.6 -0.2 -5.5

Gasoline, unleaded regular(3)

200.589 212.045 200.295 44.8 -0.1 -5.5

Gasoline, unleaded midgrade(3)(4)

236.527 250.531 236.133 35.4 -0.2 -5.7

Gasoline, unleaded premium(3)

236.886 248.844 236.313 31.7 -0.2 -5.0

Medical care

495.526 492.224 492.667 4.7 -0.6 0.1

Recreation(5)

105.603 107.772 111.345 0.1 5.4 3.3

Education and communication(5)

145.202 145.522 145.495 1.9 0.2 0.0

Other goods and services

388.371 385.260 384.379 0.5 -1.0 -0.2
 

Commodity and service group

 
 

All items

230.476 232.155 232.491 2.2 0.9 0.1

Commodities

163.691 165.286 164.788 1.1 0.7 -0.3

Commodities less food & beverages

123.894 126.184 125.614 2.5 1.4 -0.5

Nondurables less food & beverages

163.117 167.297 165.539 7.5 1.5 -1.1

Durables

87.191 87.967 88.288 -3.5 1.3 0.4

Services

293.889 295.630 296.790 2.8 1.0 0.4
 

Special aggregate indexes

 
 

All items less medical care

219.093 220.993 221.324 2.0 1.0 0.1

All items less shelter

207.529 208.956 209.346 2.3 0.9 0.2

Commodities less food

128.216 130.512 129.859 2.4 1.3 -0.5

Nondurables

203.396 205.431 204.382 2.7 0.5 -0.5

Nondurables less food

168.507 172.564 170.693 6.8 1.3 -1.1

Services less rent of shelter(2)

304.185 305.271 307.536 3.6 1.1 0.7

Services less medical care services

278.419 280.617 281.815 2.5 1.2 0.4

Energy

177.059 184.835 180.462 20.5 1.9 -2.4

All items less energy

237.418 238.546 239.321 1.2 0.8 0.3

All items less food and energy

237.317 238.739 239.664 1.5 1.0 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, March 15, 2017