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17-1066-CHI
Friday, August 11, 2017

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

Local prices rose 2.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area was unchanged in July, the U.S. Bureau of Labor Statistics reported today. Assistant Commissioner for Regional Operations Charlene Peiffer noted that food prices decreased 0.3 percent and energy prices increased 0.4 percent in July. 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 recreation, medical care, and apparel, but lower for 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.) Over the year, the food and energy indexes rose 0.8 percent and 5.8 percent, respectively. The all items less food and energy index was 2.2 percent higher over the year. (See table 1.)

Food

Food prices fell 0.3 percent in July. The food at home index (groceries) declined 0.5 percent, while the food away from home (restaurant, cafeteria, and vending purchases) index was unchanged. Within the food at home group, indexes were lower in July for lettuce and other pork including roasts and picnics, while the indexes for bacon, breakfast sausage, and related products; and pork chops rose.

From July 2016 to July 2017, the food index increased 0.8 percent. Food away from home prices rose 1.7 percent over the year, while grocery prices edged up 0.1 percent from July a year ago.

Energy

The energy index rose 0.4 percent in July, primarily due to a 1.8-percent increase in gasoline prices. In contrast, utility (piped) gas service costs fell 1.4 percent while electricity costs declined 0.3 percent over the month.

Over the year, the Chicago area energy index rose 5.8 percent. From July 2016 to July 2017 utility (piped) gas service and electricity costs were up 12.3 percent and 4.9 percent, respectively. Gasoline prices were up 3.7 percent over the year.

All items less food and energy

The index for all items less food and energy edged up 0.1 percent in July. Among the index’s components, prices were higher for recreation (3.5 percent), medical care (1.6 percent), and apparel (4.1 percent), but lower for shelter (-0.7 percent).

Over the year, the index for all items less food and energy increased 2.2 percent. Increases in the indexes for shelter (2.2 percent), medical care (5.8 percent), and recreation (8.1 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    

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 August 2017 Consumer Price Index for Chicago is scheduled to be released on Thursday, September 14, 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-
May
2017
Jun.
2017
Jul.
2017
Jul.
2016
May
2017
Jun.
2017

Expenditure category

 
 

All items

233.443 233.407 233.514 2.2 0.0 0.0

All items (1967=100)

697.430 697.323 697.641 - - -

Food and beverages

244.050 244.107 243.386 0.9 -0.3 -0.3

Food

243.852 243.753 243.068 0.8 -0.3 -0.3

Food at home

234.298 233.982 232.826 0.1 -0.6 -0.5

Food away from home

252.623 252.870 252.940 1.7 0.1 0.0

Alcoholic beverages

245.241 247.590 246.352 2.3 0.5 -0.5

Housing

241.575 243.536 241.360 2.2 -0.1 -0.9

Shelter

302.965 304.455 302.201 2.2 -0.3 -0.7

Rent of primary residence(1)

320.162 320.744 321.965 2.7 0.6 0.4

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

306.420 306.589 307.155 2.0 0.2 0.2

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

306.420 306.589 307.155 2.0 0.2 0.2

Fuels and utilities

202.820 210.357 209.382 6.8 3.2 -0.5

Household energy

159.677 167.135 165.919 7.6 3.9 -0.7

Energy services(1)

162.850 170.522 169.326 7.7 4.0 -0.7

Electricity(1)

152.474 162.788 162.332 4.9 6.5 -0.3

Utility (piped) gas service(1)

165.410 168.160 165.876 12.3 0.3 -1.4

Household furnishings and operations

92.645 92.662 90.022 -2.9 -2.8 -2.8

Apparel

86.119 82.849 86.214 3.4 0.1 4.1

Transportation

183.936 180.326 180.240 0.5 -2.0 0.0

Private transportation

180.002 176.792 177.533 0.4 -1.4 0.4

Motor fuel

221.368 213.946 217.704 3.7 -1.7 1.8

Gasoline (all types)

219.200 211.791 215.557 3.7 -1.7 1.8

Gasoline, unleaded regular(3)

209.966 202.527 206.487 3.8 -1.7 2.0

Gasoline, unleaded midgrade(3)(4)

247.411 240.896 242.664 3.3 -1.9 0.7

Gasoline, unleaded premium(3)

246.062 239.374 242.568 3.8 -1.4 1.3

Medical care

493.445 494.011 502.061 5.8 1.7 1.6

Recreation(5)

111.163 112.229 116.208 8.1 4.5 3.5

Education and communication(5)

142.921 142.530 142.370 0.0 -0.4 -0.1

Other goods and services

385.182 384.961 386.977 0.8 0.5 0.5
 

Commodity and service group

 
 

All items

233.443 233.407 233.514 2.2 0.0 0.0

Commodities

165.595 164.499 165.247 0.7 -0.2 0.5

Commodities less food & beverages

125.990 124.484 125.786 0.6 -0.2 1.0

Nondurables less food & beverages

166.277 162.950 167.476 2.6 0.7 2.8

Durables

88.379 88.284 87.182 -2.1 -1.4 -1.2

Services

297.873 298.891 298.359 3.1 0.2 -0.2
 

Special aggregate indexes

 
 

All items less medical care

222.285 222.223 221.980 1.9 -0.1 -0.1

All items less shelter

209.999 209.434 210.359 2.2 0.2 0.4

Commodities less food

130.282 128.857 130.108 0.6 -0.1 1.0

Nondurables

205.635 203.914 205.943 1.6 0.1 1.0

Nondurables less food

171.509 168.481 172.709 2.5 0.7 2.5

Services less rent of shelter(2)

307.927 308.480 309.785 4.1 0.6 0.4

Services less medical care services

282.946 284.054 283.512 2.9 0.2 -0.2

Energy

183.288 184.973 185.685 5.8 1.3 0.4

All items less energy

240.108 239.913 239.964 2.0 -0.1 0.0

All items less food and energy

240.275 240.061 240.247 2.2 0.0 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: Friday, August 11, 2017