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15-290-CHI Thursday, February 26, 2015

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Consumer Price Index, Chicago-Gary-Kenosha - January 2015

Local prices up 0.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area decreased 0.2 percent in January, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices fell 9.9 percent while food prices edged up 0.2 percent in January. The all items less food and energy index rose 0.7 percent over the month. Among the indexes within the all items less food and energy index, prices rose for recreation, shelter, and medical care. Prices were lower for household furnishing and operation in January. (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 0.4 percent. (See chart 1 and table A.) The energy index fell 16.7 percent over the year as falling gasoline and utility (piped) gas services prices surpassed increases in the cost of electricity. The all items less food and energy index was 1.5 percent higher over the year. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Chicago, January 2012-January 2015

Food

Food prices edged up 0.2 percent in January following a small 0.1 percent decline in December. Of the two components within the food index, prices for food at home (groceries) and for food away from home (restaurant, cafeteria, and vending purchases) rose 0.2 percent and 0.1 percent, respectively over the month.

From January 2014 to January 2015, the food index increased 4.0 percent. Grocery food prices rose 3.3 percent over the year, while prices for food eaten away from home increased 4.9 percent compared to last January.

Energy

The energy index was down 9.9 percent in January due to declines in prices for gasoline (-18.8 percent) and utility (piped) gas service (-9.6 percent). In contrast, the electricity index rose 3.0 percent from December to January.

On an annual basis, the Chicago area energy index declined 16.7 percent. Over the year, gasoline and utility (piped) gas service prices fell 38.3 percent and 5.2 percent, respectively, while the index for electricity rose 24.7 percent.

All items less food and energy

The index for all items less food and energy increased 0.7 percent in January. Among the index’s components, prices were higher for recreation (4.2 percent), shelter (0.4 percent), and medical care (1.3 percent). Prices were 1.0 percent lower for household furnishings and operation.

Over the year, the index for all items less food and energy increased 1.5 percent. Annual increases in the indexes for shelter (2.4 percent), medical care (3.6 percent), and recreation (3.1 percent) were the major contributing factors. Apparel prices were down 4.7 percent over the year.

Table A. Chicago CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 1.4 0.6 2.1 0.2 1.2 0.9 1.2 -0.2 0.4

February

0.5 1.8 0.0 1.6 1.1 2.3 0.5 0.7    

March

0.8 2.3 1.2 2.1 -0.1 0.9 1.1 1.9    

April

0.4 2.7 0.0 1.7 0.0 0.9 0.5 2.4    

May

0.6 3.3 -0.1 1.0 0.5 1.5 -0.1 1.8    

June

0.0 3.8 -0.1 0.9 0.1 1.7 0.4 2.0    

July

-0.4 3.2 -0.2 1.1 -0.2 1.7 -0.4 1.9    

August

0.2 3.2 0.6 1.5 0.1 1.1 0.1 1.9    

September

0.2 3.1 0.3 1.6 -0.2 0.7 0.0 2.1    

October

-0.2 2.9 -0.2 1.7 -0.3 0.5 -0.4 2.0    

November

-0.2 2.9 -0.4 1.5 -0.3 0.6 -0.8 1.6    

December

-0.5 2.1 -0.3 1.7 -0.3 0.5 -0.4 1.5    

The February 2015 Consumer Price Index for Chicago is scheduled to be released on Tuesday, March 24, 2015, at 7:30 a.m. (CT).


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 4,000 housing units and approximately 26,000 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/homch17_a.htm.

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.
2014
Dec.
2014
Jan.
2015
Jan.
2014
Nov.
2014
Dec.
2014

Expenditure category

 
 

All items

227.184 226.262 225.852 0.4 -0.6 -0.2

All items (1967=100)

678.730 675.977 674.753 - - -

Food and beverages

240.189 239.696 240.287 3.7 0.0 0.2

Food

239.473 239.290 239.683 4.0 0.1 0.2

Food at home

238.386 238.423 238.969 3.3 0.2 0.2

Food away from home

235.579 235.088 235.255 4.9 -0.1 0.1

Alcoholic beverages

249.069 244.012 247.522 -0.3 -0.6 1.4

Housing

229.412 231.194 231.396 2.7 0.9 0.1

Shelter

284.083 283.784 285.014 2.4 0.3 0.4

Rent of primary residence (1)

301.479 301.381 301.829 3.0 0.1 0.1

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

289.805 289.997 290.716 1.7 0.3 0.2

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

289.805 289.997 290.716 1.7 0.3 0.2

Fuels and utilities

194.224 208.151 205.290 9.5 5.7 -1.4

Household energy

163.069 177.344 172.906 10.1 6.0 -2.5

Energy services (1)

166.012 180.839 176.372 10.6 6.2 -2.5

Electricity (1)

150.964 169.046 174.173 24.7 15.4 3.0

Utility (piped) gas service (1)

171.207 180.138 162.824 -5.2 -4.9 -9.6

Household furnishings and operations

97.436 97.701 96.766 -3.5 -0.7 -1.0

Apparel

90.884 89.021 88.807 -4.7 -2.3 -0.2

Transportation

190.087 181.549 173.342 -12.1 -8.8 -4.5

Private transportation

187.081 178.718 169.819 -12.6 -9.2 -5.0

Motor fuel

270.133 232.615 188.814 -38.2 -30.1 -18.8

Gasoline (all types)

267.032 229.771 186.485 -38.3 -30.2 -18.8

Gasoline, unleaded regular (3)

260.592 223.141 180.349 -39.1 -30.8 -19.2

Gasoline, unleaded midgrade (3) (4)

285.394 250.433 206.098 -35.1 -27.8 -17.7

Gasoline, unleaded premium (3)

268.627 236.445 196.316 -33.7 -26.9 -17.0

Medical care

455.082 456.459 462.307 3.6 1.6 1.3

Recreation (5)

107.683 108.077 112.665 3.1 4.6 4.2

Education and communication (5)

143.298 142.664 142.461 1.9 -0.6 -0.1

Other goods and services

382.445 381.911 383.756 -0.1 0.3 0.5
 

Commodity and service group

 
 

All items

227.184 226.262 225.852 0.4 -0.6 -0.2

Commodities

170.358 167.390 164.448 -4.4 -3.5 -1.8

Commodities less food & beverages

134.408 130.456 126.071 -10.2 -6.2 -3.4

Nondurables less food & beverages

178.573 170.381 161.195 -14.2 -9.7 -5.4

Durables

92.125 92.185 92.338 -2.9 0.2 0.2

Services

281.023 282.032 284.011 3.2 1.1 0.7
 

Special aggregate indexes

 
 

All items less medical care

217.434 216.409 215.722 0.1 -0.8 -0.3

All items less shelter

208.150 207.004 206.012 -0.6 -1.0 -0.5

Commodities less food

138.639 134.624 130.415 -9.7 -5.9 -3.1

Nondurables

210.408 205.796 201.172 -4.8 -4.4 -2.2

Nondurables less food

183.438 175.366 166.812 -13.2 -9.1 -4.9

Services less rent of shelter (2)

292.484 294.935 297.793 4.0 1.8 1.0

Services less medical care services

267.713 268.693 270.353 3.1 1.0 0.6

Energy

204.366 198.467 178.729 -16.7 -12.5 -9.9

All items less energy

231.150 230.696 232.128 1.9 0.4 0.6

All items less food and energy

230.454 229.948 231.578 1.5 0.5 0.7

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.
 

Last Modified Date: Thursday, February 26, 2015

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News Release Information

15-290-CHI Thursday, February 26, 2015

Contacts

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

Consumer Price Index, Chicago-Gary-Kenosha - January 2015

Local prices up 0.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area decreased 0.2 percent in January, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices fell 9.9 percent while food prices edged up 0.2 percent in January. The all items less food and energy index rose 0.7 percent over the month. Among the indexes within the all items less food and energy index, prices rose for recreation, shelter, and medical care. Prices were lower for household furnishing and operation in January. (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 0.4 percent. (See chart 1 and table A.) The energy index fell 16.7 percent over the year as falling gasoline and utility (piped) gas services prices surpassed increases in the cost of electricity. The all items less food and energy index was 1.5 percent higher over the year. (See table 1.)

 Chart 1. Over-the-year percent change in CPI-U, Chicago, January 2012-January 2015

Food

Food prices edged up 0.2 percent in January following a small 0.1 percent decline in December. Of the two components within the food index, prices for food at home (groceries) and for food away from home (restaurant, cafeteria, and vending purchases) rose 0.2 percent and 0.1 percent, respectively over the month.

From January 2014 to January 2015, the food index increased 4.0 percent. Grocery food prices rose 3.3 percent over the year, while prices for food eaten away from home increased 4.9 percent compared to last January.

Energy

The energy index was down 9.9 percent in January due to declines in prices for gasoline (-18.8 percent) and utility (piped) gas service (-9.6 percent). In contrast, the electricity index rose 3.0 percent from December to January.

On an annual basis, the Chicago area energy index declined 16.7 percent. Over the year, gasoline and utility (piped) gas service prices fell 38.3 percent and 5.2 percent, respectively, while the index for electricity rose 24.7 percent.

All items less food and energy

The index for all items less food and energy increased 0.7 percent in January. Among the index’s components, prices were higher for recreation (4.2 percent), shelter (0.4 percent), and medical care (1.3 percent). Prices were 1.0 percent lower for household furnishings and operation.

Over the year, the index for all items less food and energy increased 1.5 percent. Annual increases in the indexes for shelter (2.4 percent), medical care (3.6 percent), and recreation (3.1 percent) were the major contributing factors. Apparel prices were down 4.7 percent over the year.

Table A. Chicago CPI-U 1-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2011 2012 2013 2014 2015
1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month 1-month 12-month

January

0.6 1.4 0.6 2.1 0.2 1.2 0.9 1.2 -0.2 0.4

February

0.5 1.8 0.0 1.6 1.1 2.3 0.5 0.7    

March

0.8 2.3 1.2 2.1 -0.1 0.9 1.1 1.9    

April

0.4 2.7 0.0 1.7 0.0 0.9 0.5 2.4    

May

0.6 3.3 -0.1 1.0 0.5 1.5 -0.1 1.8    

June

0.0 3.8 -0.1 0.9 0.1 1.7 0.4 2.0    

July

-0.4 3.2 -0.2 1.1 -0.2 1.7 -0.4 1.9    

August

0.2 3.2 0.6 1.5 0.1 1.1 0.1 1.9    

September

0.2 3.1 0.3 1.6 -0.2 0.7 0.0 2.1    

October

-0.2 2.9 -0.2 1.7 -0.3 0.5 -0.4 2.0    

November

-0.2 2.9 -0.4 1.5 -0.3 0.6 -0.8 1.6    

December

-0.5 2.1 -0.3 1.7 -0.3 0.5 -0.4 1.5    

The February 2015 Consumer Price Index for Chicago is scheduled to be released on Tuesday, March 24, 2015, at 7:30 a.m. (CT).


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 4,000 housing units and approximately 26,000 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/homch17_a.htm.

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.
2014
Dec.
2014
Jan.
2015
Jan.
2014
Nov.
2014
Dec.
2014

Expenditure category

 
 

All items

227.184 226.262 225.852 0.4 -0.6 -0.2

All items (1967=100)

678.730 675.977 674.753 - - -

Food and beverages

240.189 239.696 240.287 3.7 0.0 0.2

Food

239.473 239.290 239.683 4.0 0.1 0.2

Food at home

238.386 238.423 238.969 3.3 0.2 0.2

Food away from home

235.579 235.088 235.255 4.9 -0.1 0.1

Alcoholic beverages

249.069 244.012 247.522 -0.3 -0.6 1.4

Housing

229.412 231.194 231.396 2.7 0.9 0.1

Shelter

284.083 283.784 285.014 2.4 0.3 0.4

Rent of primary residence (1)

301.479 301.381 301.829 3.0 0.1 0.1

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

289.805 289.997 290.716 1.7 0.3 0.2

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

289.805 289.997 290.716 1.7 0.3 0.2

Fuels and utilities

194.224 208.151 205.290 9.5 5.7 -1.4

Household energy

163.069 177.344 172.906 10.1 6.0 -2.5

Energy services (1)

166.012 180.839 176.372 10.6 6.2 -2.5

Electricity (1)

150.964 169.046 174.173 24.7 15.4 3.0

Utility (piped) gas service (1)

171.207 180.138 162.824 -5.2 -4.9 -9.6

Household furnishings and operations

97.436 97.701 96.766 -3.5 -0.7 -1.0

Apparel

90.884 89.021 88.807 -4.7 -2.3 -0.2

Transportation

190.087 181.549 173.342 -12.1 -8.8 -4.5

Private transportation

187.081 178.718 169.819 -12.6 -9.2 -5.0

Motor fuel

270.133 232.615 188.814 -38.2 -30.1 -18.8

Gasoline (all types)

267.032 229.771 186.485 -38.3 -30.2 -18.8

Gasoline, unleaded regular (3)

260.592 223.141 180.349 -39.1 -30.8 -19.2

Gasoline, unleaded midgrade (3) (4)

285.394 250.433 206.098 -35.1 -27.8 -17.7

Gasoline, unleaded premium (3)

268.627 236.445 196.316 -33.7 -26.9 -17.0

Medical care

455.082 456.459 462.307 3.6 1.6 1.3

Recreation (5)

107.683 108.077 112.665 3.1 4.6 4.2

Education and communication (5)

143.298 142.664 142.461 1.9 -0.6 -0.1

Other goods and services

382.445 381.911 383.756 -0.1 0.3 0.5
 

Commodity and service group

 
 

All items

227.184 226.262 225.852 0.4 -0.6 -0.2

Commodities

170.358 167.390 164.448 -4.4 -3.5 -1.8

Commodities less food & beverages

134.408 130.456 126.071 -10.2 -6.2 -3.4

Nondurables less food & beverages

178.573 170.381 161.195 -14.2 -9.7 -5.4

Durables

92.125 92.185 92.338 -2.9 0.2 0.2

Services

281.023 282.032 284.011 3.2 1.1 0.7
 

Special aggregate indexes

 
 

All items less medical care

217.434 216.409 215.722 0.1 -0.8 -0.3

All items less shelter

208.150 207.004 206.012 -0.6 -1.0 -0.5

Commodities less food

138.639 134.624 130.415 -9.7 -5.9 -3.1

Nondurables

210.408 205.796 201.172 -4.8 -4.4 -2.2

Nondurables less food

183.438 175.366 166.812 -13.2 -9.1 -4.9

Services less rent of shelter (2)

292.484 294.935 297.793 4.0 1.8 1.0

Services less medical care services

267.713 268.693 270.353 3.1 1.0 0.6

Energy

204.366 198.467 178.729 -16.7 -12.5 -9.9

All items less energy

231.150 230.696 232.128 1.9 0.4 0.6

All items less food and energy

230.454 229.948 231.578 1.5 0.5 0.7

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.
 

Last Modified Date: Thursday, February 26, 2015