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13-1173-CHI

Tuesday, June 18, 2013

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Consumer Price Index, Chicago-Gary-Kenosha – May 2013


The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area increased 0.5 percent in May, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices rose 4.9 percent and food prices edged down 0.1 percent. The all items less food and energy category was up a slight 0.1 percent over the month. Among the indexes within the all items less food and energy category, prices were higher for recreation, shelter, and apparel and lower for medical care. (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 1.5 percent. The energy index increased 3.8 percent since last May, primarily due to rising prices for utility (piped) gas service. The all items less food and energy index was 1.5 percent higher over the year.

Chart 1. Over-the-year percent change in CPI-U, Chicago-Gary-Kenosha

Food

Food prices were 0.1 percent lower in May after decreasing 0.9 percent in April. Of the two components within the food index, prices for food at home (groceries) edged down 0.1 percent and prices for food away from home (restaurant, cafeteria, and vending purchases) edged up 0.1 percent over the month. Within the food at home group, prices were lower for snacks, eggs, and bacon, breakfast sausage, and related products. Prices were higher for ham, apples, and bananas.

From May 2012 to May 2013, the food index increased 0.2 percent. In the previous 12-month period ended May 2012, food prices in the Chicago area were 3.2 percent higher.

Energy

The energy index rose 4.9 percent in May following a 1.1-percent decrease in April. Within the energy category, prices for gasoline rose 6.5 percent and utility (piped) gas service prices increased 5.3 percent over the month. Prices for electricity were unchanged during the same period..

Overall energy prices were 3.8 percent higher from May 2012 to May 2013. The index for utility (piped) gas service rose 49.8 percent and the index for gasoline increased 1.5 percent over the year. Prices for electricity were down 14.3 percent compared to a year ago.

All items less food and energy

The index for all items less food and energy increased a slight 0.1 percent in May. Among the index’s components, prices were higher for recreation (1.1 percent), apparel (0.8 percent), and shelter (0.1 percent). Prices were lower for medical care (-0.2 percent).

Over the year, the index for all items less food and energy increased 1.5 percent. Shelter was the largest contributor, rising 1.9 percent from May 2012 to May 2013. Prices for other goods and services increased 6.7 percent and medical care rose 2.7 percent over the same period.

____________

The June 2013 Consumer Price Index for Chicago is scheduled to be released on July 16, 2013, at 7:30 a.m. (CT).


Table A. Percent Changes in the CPI-U, Chicago-Gary-Kenosha (not seasonally adjusted)
Expenditure Category Percent changes from preceding month 12 mo. ended May '13
2012 2013
Nov. Dec. Jan. Feb. Mar. Apr. May

All items

-0.4 -0.3 0.2 1.1 -0.1 0.0 0.5 1.5

Food & beverages

0.5 0.5 0.5 -0.7 0.2 -0.9 -0.1 0.2

Food

0.6 0.4 0.5 -0.8 0.3 -0.9 -0.1 0.2

Housing

0.2 -0.3 0.4 0.6 -0.3 0.1 0.3 2.3

Apparel

-3.4 -3.6 -0.7 6.5 -4.6 2.7 0.8 1.1

Transportation

-2.1 -0.8 -1.2 4.5 0.6 0.3 1.9 0.4

Medical care

-0.1 0.2 1.0 0.2 -0.1 0.1 -0.2 2.7

Recreation

-1.2 1.1 1.0 -0.4 -0.7 0.1 1.1 0.6

Education & communication

0.5 -0.4 0.7 -0.1 -0.1 -0.4 -0.1 0.2

Other goods & services

0.4 0.0 -1.4 0.0 2.5 0.5 -0.3 6.7
Special Indexes

Energy

-4.1 -2.0 -1.7 8.6 -0.7 -1.1 4.9 3.8

All items less food & energy

-0.1 -0.2 0.3 0.6 -0.1 0.4 0.1 1.5

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 88 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 29 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-
Mar.
2013
Apr.
2013
May
2013
May
2012
Mar.
2013
Apr.
2013

Expenditure category

All items

224.433 224.522 225.645 1.5 0.5 0.5

All items (1967=100)

670.512 670.777 674.134 - - -

Food and beverages

230.757 228.778 228.642 0.2 -0.9 -0.1

Food

230.003 227.903 227.771 0.2 -1.0 -0.1

Food at home

230.349 227.713 227.422 -1.0 -1.3 -0.1

Food away from home

224.023 222.862 222.998 2.2 -0.5 0.1

Alcoholic beverages

238.274 238.618 238.395 0.1 0.1 -0.1

Housing

221.087 221.263 221.921 2.3 0.4 0.3

Shelter

273.668 274.282 274.526 1.9 0.3 0.1

Rent of primary residence (1)

285.949 286.696 287.189 2.3 0.4 0.2

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

280.076 280.914 280.708 2.1 0.2 -0.1

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

280.076 280.914 280.708 2.1 0.2 -0.1

Fuels and utilities

181.314 177.196 181.082 7.4 -0.1 2.2

Household energy

152.962 148.151 151.763 7.9 -0.8 2.4

Energy services (1)

155.662 150.689 154.433 8.1 -0.8 2.5

Electricity (1)

150.353 133.050 132.999 -14.3 -11.5 0.0

Utility (piped) gas service (1)

148.852 161.029 169.575 49.8 13.9 5.3

Household furnishings and operations

98.048 99.844 99.612 -0.2 1.6 -0.2

Apparel

92.159 94.628 95.431 1.1 3.6 0.8

Transportation

206.209 206.755 210.583 0.4 2.1 1.9

Private transportation

203.253 203.561 207.678 0.3 2.2 2.0

Motor fuel

342.611 343.219 365.273 1.5 6.6 6.4

Gasoline (all types)

339.502 340.323 362.599 1.5 6.8 6.5

Gasoline, unleaded regular (3)

334.371 335.283 357.917 1.0 7.0 6.8

Gasoline, unleaded midgrade (3) (4)

354.863 354.912 376.475 2.3 6.1 6.1

Gasoline, unleaded premium (3)

325.093 326.082 345.447 3.3 6.3 5.9

Medical care

442.477 443.062 442.062 2.7 -0.1 -0.2

Recreation (5)

109.897 109.998 111.220 0.6 1.2 1.1

Education and communication (5)

138.556 137.996 137.910 0.2 -0.5 -0.1

Other goods and services

377.853 379.712 378.736 6.7 0.2 -0.3

Commodity and service group

All items

224.433 224.522 225.645 1.5 0.5 0.5

Commodities

174.750 174.832 176.159 0.3 0.8 0.8

Commodities less food & beverages

144.458 145.359 147.210 0.4 1.9 1.3

Nondurables less food & beverages

194.946 196.543 201.435 1.8 3.3 2.5

Durables

96.546 96.836 96.109 -1.8 -0.5 -0.8

Services

271.365 271.459 272.372 2.3 0.4 0.3

Special aggregate indexes

All items less medical care

215.081 215.151 216.346 1.4 0.6 0.6

All items less shelter

208.181 208.077 209.534 1.3 0.6 0.7

Commodities less food

148.351 149.254 151.088 0.4 1.8 1.2

Nondurables

214.755 214.694 217.295 1.0 1.2 1.2

Nondurables less food

198.726 200.286 205.011 1.7 3.2 2.4

Services less rent of shelter (2)

283.259 282.751 284.484 2.7 0.4 0.6

Services less medical care services

258.267 258.349 259.309 2.2 0.4 0.4

Energy

226.793 224.209 235.145 3.8 3.7 4.9

All items less energy

225.835 226.196 226.330 1.3 0.2 0.1

All items less food and energy

225.891 226.707 226.890 1.5 0.4 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.