News Release Information

17-207-CHI
Wednesday, February 15, 2017

Contacts

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

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

Local prices up 1.8 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area rose 0.7 percent in January, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that food prices declined 0.2 percent and energy prices increased 4.4 percent in January. The all items less food and energy index rose 0.6 percent over the month. Among the indexes within the all items less food and energy category, prices were higher for shelter, recreation, and 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 Chicago area all items CPI-U increased 1.8 percent. (See chart 1 and table A.) Energy costs rose 16.2 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 1.4 percent higher over the year. (See table 1.)

Food

Food prices fell 0.2 percent in January after decreasing 0.4 percent in December. Between the two components within the food index, prices for food at home (groceries) fell 0.3 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 January for other pork including roasts and picnics, potatoes, and breakfast cereal. In contrast, the indexes for eggs and citrus fruits were higher.

From January 2016 to January 2017, the food index fell 1.3 percent. Grocery prices declined 3.7 percent, while food away from home prices rose 2.3 percent over the year.

Energy

The energy index increased 4.4 percent in January primarily due to gasoline prices rising 5.7 percent. Utility (piped) gas service costs increased 4.8 percent over the month and the electricity index rose 2.4 percent.

Over the year, the Chicago area energy index rose 16.2 percent. The major contributing factors in the energy index’s rise were a 28.5-percent increase in gasoline prices and a 22.1-percent increase in the utility (piped) gas service index. Electricity costs fell 0.6 percent over the year.

All items less food and energy

The index for all items less food and energy increased 0.6 percent in January. Prices were higher for shelter (0.8 percent), recreation (2.1 percent), and apparel (2.8 percent).

Over the year, the index for all items less food and energy increased 1.4 percent. Increases in the indexes for shelter (2.4 percent) and medical care (5.3 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    

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 February 2017 Consumer Price Index for Chicago is scheduled to be released on Wednesday, March 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-
Nov.
2016
Dec.
2016
Jan.
2017
Jan.
2016
Nov.
2016
Dec.
2016

Expenditure category

 
 

All items

230.969 230.476 232.155 1.8 0.5 0.7

All items (1967=100)

690.040 688.567 693.581 - - -

Food and beverages

243.435 242.856 242.524 -1.3 -0.4 -0.1

Food

243.466 242.580 242.117 -1.3 -0.6 -0.2

Food at home

234.809 233.374 232.695 -3.7 -0.9 -0.3

Food away from home

250.838 250.838 250.726 2.3 0.0 0.0

Alcoholic beverages

241.256 245.213 246.802 -0.1 2.3 0.6

Housing

238.965 237.767 240.097 2.5 0.5 1.0

Shelter

300.016 298.542 300.959 2.4 0.3 0.8

Rent of primary residence(1)

317.112 317.296 317.668 2.4 0.2 0.1

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

304.051 304.582 304.947 2.4 0.3 0.1

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

304.051 304.582 304.947 2.4 0.3 0.1

Fuels and utilities

199.898 197.760 202.833 8.1 1.5 2.6

Household energy

157.840 155.622 160.768 7.3 1.9 3.3

Energy services(1)

160.926 158.554 163.895 7.4 1.8 3.4

Electricity(1)

150.177 150.375 154.025 -0.6 2.6 2.4

Utility (piped) gas service(1)

164.254 157.948 165.549 22.1 0.8 4.8

Household furnishings and operations

91.171 91.290 91.776 -3.0 0.7 0.5

Apparel

88.102 82.776 85.121 -6.2 -3.4 2.8

Transportation

176.508 179.811 182.556 5.2 3.4 1.5

Private transportation

172.887 176.640 179.380 6.1 3.8 1.6

Motor fuel

196.464 211.678 223.642 28.3 13.8 5.7

Gasoline (all types)

194.380 209.568 221.456 28.5 13.9 5.7

Gasoline, unleaded regular(3)

185.344 200.589 212.045 29.7 14.4 5.7

Gasoline, unleaded midgrade(3)(4)

222.363 236.527 250.531 24.5 12.7 5.9

Gasoline, unleaded premium(3)

224.125 236.886 248.844 22.3 11.0 5.0

Medical care

498.174 495.526 492.224 5.3 -1.2 -0.7

Recreation(5)

106.585 105.603 107.772 -2.5 1.1 2.1

Education and communication(5)

144.574 145.202 145.522 2.1 0.7 0.2

Other goods and services

385.112 388.371 385.260 0.7 0.0 -0.8
 

Commodity and service group

 
 

All items

230.969 230.476 232.155 1.8 0.5 0.7

Commodities

163.609 163.691 165.286 0.0 1.0 1.0

Commodities less food & beverages

123.550 123.894 126.184 1.0 2.1 1.8

Nondurables less food & beverages

162.380 163.117 167.297 5.1 3.0 2.6

Durables

87.153 87.191 87.967 -4.0 0.9 0.9

Services

294.948 293.889 295.630 2.9 0.2 0.6
 

Special aggregate indexes

 
 

All items less medical care

219.492 219.093 220.993 1.5 0.7 0.9

All items less shelter

207.683 207.529 208.956 1.6 0.6 0.7

Commodities less food

127.777 128.216 130.512 1.0 2.1 1.8

Nondurables

203.289 203.396 205.431 1.4 1.1 1.0

Nondurables less food

167.587 168.507 172.564 4.6 3.0 2.4

Services less rent of shelter(2)

304.841 304.185 305.271 3.4 0.1 0.4

Services less medical care services

279.293 278.419 280.617 2.5 0.5 0.8

Energy

172.525 177.059 184.835 16.2 7.1 4.4

All items less energy

238.381 237.418 238.546 0.9 0.1 0.5

All items less food and energy

238.297 237.317 238.739 1.4 0.2 0.6

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, February 15, 2017