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15-430-CHI Tuesday, March 24, 2015

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

Local prices down 0.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area was unchanged in February, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices rose 2.5 percent while food prices declined 0.5 percent in February. The all items less food and energy index decreased 0.2 percent over the month. Among the indexes within the all items less food and energy index, prices rose for shelter and medical care. Prices were lower for recreation; education and communication; and other goods and services in February. (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 decreased 0.2 percent. (See chart 1 and table A.) The energy index fell 16.3 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 1.1 percent higher over the year. (See table 1.)

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

Food

Food prices fell 0.5 percent in February following a 0.2 percent increase in January. Of the two components within the food index, prices for food at home (groceries) fell 1.1 percent and prices for food away from home (restaurant, cafeteria, and vending purchases) rose 0.4 percent, over the month.

From February 2014 to February 2015, the food index increased 2.4 percent. Grocery food prices rose 2.1 percent over the year, while prices for food eaten away from home increased 2.7 percent compared to last February.

Energy

The energy index was up 2.5 percent in February due to increases in gasoline prices (11.5 percent).  In contrast, utility (piped) gas service costs fell (-9.3 percent) and the electricity index was unchanged from January to February.

On an annual basis, the Chicago area energy index declined 16.3 percent. Over the year, gasoline and utility (piped) gas service costs fell 31.8 percent and 19.4 percent, respectively, while the index for electricity rose 24.6 percent.

All items less food and energy

The index for all items less food and energy decreased 0.2 percent in February. Among the index’s components, prices were lower for recreation (-3.3 percent), education and communication (-0.6 percent), and other goods and services (-1.3 percent). Prices were higher, in contrast, for shelter (0.2 percent) and medical care (0.4 percent).

Over the year, the index for all items less food and energy increased 1.1 percent. Annual increases in the indexes for shelter (2.7 percent), medical care (3.8 percent), and education and communication (0.7 percent) were the major contributing factors. Apparel prices were down 9.8 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 0.0 -0.2

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 March 2015 Consumer Price Index for Chicago is scheduled to be released on Friday, April 17, 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-
Dec.
2014
Jan.
2015
Feb.
2015
Feb.
2014
Dec.
2014
Jan.
2015

Expenditure category

 
 

All items

226.262 225.852 225.763 -0.2 -0.2 0.0

All items (1967=100)

675.977 674.753 674.487 - - -

Food and beverages

239.696 240.287 239.125 2.1 -0.2 -0.5

Food

239.290 239.683 238.529 2.4 -0.3 -0.5

Food at home

238.423 238.969 236.419 2.1 -0.8 -1.1

Food away from home

235.088 235.255 236.108 2.7 0.4 0.4

Alcoholic beverages

244.012 247.522 246.250 -1.5 0.9 -0.5

Housing

231.194 231.396 231.163 2.4 0.0 -0.1

Shelter

283.784 285.014 285.694 2.7 0.7 0.2

Rent of primary residence (1)

301.381 301.829 302.719 3.4 0.4 0.3

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

289.997 290.716 290.960 2.0 0.3 0.1

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

289.997 290.716 290.960 2.0 0.3 0.1

Fuels and utilities

208.151 205.290 200.001 3.7 -3.9 -2.6

Household energy

177.344 172.906 166.431 2.4 -6.2 -3.7

Energy services (1)

180.839 176.372 169.744 3.2 -6.1 -3.8

Electricity (1)

169.046 174.173 174.159 24.6 3.0 0.0

Utility (piped) gas service (1)

180.138 162.824 147.670 -19.4 -18.0 -9.3

Household furnishings and operations

97.701 96.766 97.047 -2.0 -0.7 0.3

Apparel

89.021 88.807 87.730 -9.8 -1.5 -1.2

Transportation

181.549 173.342 178.625 -9.8 -1.6 3.0

Private transportation

178.718 169.819 174.975 -10.3 -2.1 3.0

Motor fuel

232.615 188.814 210.332 -31.8 -9.6 11.4

Gasoline (all types)

229.771 186.485 207.984 -31.8 -9.5 11.5

Gasoline, unleaded regular (3)

223.141 180.349 201.849 -32.5 -9.5 11.9

Gasoline, unleaded midgrade (3) (4)

250.433 206.098 226.320 -29.2 -9.6 9.8

Gasoline, unleaded premium (3)

236.445 196.316 215.707 -27.9 -8.8 9.9

Medical care

456.459 462.307 463.965 3.8 1.6 0.4

Recreation (5)

108.077 112.665 108.898 -0.6 0.8 -3.3

Education and communication (5)

142.664 142.461 141.542 0.7 -0.8 -0.6

Other goods and services

381.911 383.756 378.645 -1.2 -0.9 -1.3
 

Commodity and service group

 
 

All items

226.262 225.852 225.763 -0.2 -0.2 0.0

Commodities

167.390 164.448 165.278 -4.8 -1.3 0.5

Commodities less food & beverages

130.456 126.071 127.742 -9.8 -2.1 1.3

Nondurables less food & beverages

170.381 161.195 164.122 -14.2 -3.7 1.8

Durables

92.185 92.338 92.820 -1.5 0.7 0.5

Services

282.032 284.011 283.054 2.5 0.4 -0.3
 

Special aggregate indexes

 
 

All items less medical care

216.409 215.722 215.555 -0.6 -0.4 -0.1

All items less shelter

207.004 206.012 205.651 -1.6 -0.7 -0.2

Commodities less food

134.624 130.415 132.021 -9.4 -1.9 1.2

Nondurables

205.796 201.172 202.179 -5.7 -1.8 0.5

Nondurables less food

175.366 166.812 169.529 -13.3 -3.3 1.6

Services less rent of shelter (2)

294.935 297.793 295.044 2.3 0.0 -0.9

Services less medical care services

268.693 270.353 269.296 2.4 0.2 -0.4

Energy

198.467 178.729 183.155 -16.3 -7.7 2.5

All items less energy

230.696 232.128 231.608 1.3 0.4 -0.2

All items less food and energy

229.948 231.578 231.173 1.1 0.5 -0.2

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: Tuesday, March 24, 2015

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News Release Information

15-430-CHI Tuesday, March 24, 2015

Contacts

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

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

Local prices down 0.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area was unchanged in February, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices rose 2.5 percent while food prices declined 0.5 percent in February. The all items less food and energy index decreased 0.2 percent over the month. Among the indexes within the all items less food and energy index, prices rose for shelter and medical care. Prices were lower for recreation; education and communication; and other goods and services in February. (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 decreased 0.2 percent. (See chart 1 and table A.) The energy index fell 16.3 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 1.1 percent higher over the year. (See table 1.)

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

Food

Food prices fell 0.5 percent in February following a 0.2 percent increase in January. Of the two components within the food index, prices for food at home (groceries) fell 1.1 percent and prices for food away from home (restaurant, cafeteria, and vending purchases) rose 0.4 percent, over the month.

From February 2014 to February 2015, the food index increased 2.4 percent. Grocery food prices rose 2.1 percent over the year, while prices for food eaten away from home increased 2.7 percent compared to last February.

Energy

The energy index was up 2.5 percent in February due to increases in gasoline prices (11.5 percent).  In contrast, utility (piped) gas service costs fell (-9.3 percent) and the electricity index was unchanged from January to February.

On an annual basis, the Chicago area energy index declined 16.3 percent. Over the year, gasoline and utility (piped) gas service costs fell 31.8 percent and 19.4 percent, respectively, while the index for electricity rose 24.6 percent.

All items less food and energy

The index for all items less food and energy decreased 0.2 percent in February. Among the index’s components, prices were lower for recreation (-3.3 percent), education and communication (-0.6 percent), and other goods and services (-1.3 percent). Prices were higher, in contrast, for shelter (0.2 percent) and medical care (0.4 percent).

Over the year, the index for all items less food and energy increased 1.1 percent. Annual increases in the indexes for shelter (2.7 percent), medical care (3.8 percent), and education and communication (0.7 percent) were the major contributing factors. Apparel prices were down 9.8 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 0.0 -0.2

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 March 2015 Consumer Price Index for Chicago is scheduled to be released on Friday, April 17, 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-
Dec.
2014
Jan.
2015
Feb.
2015
Feb.
2014
Dec.
2014
Jan.
2015

Expenditure category

 
 

All items

226.262 225.852 225.763 -0.2 -0.2 0.0

All items (1967=100)

675.977 674.753 674.487 - - -

Food and beverages

239.696 240.287 239.125 2.1 -0.2 -0.5

Food

239.290 239.683 238.529 2.4 -0.3 -0.5

Food at home

238.423 238.969 236.419 2.1 -0.8 -1.1

Food away from home

235.088 235.255 236.108 2.7 0.4 0.4

Alcoholic beverages

244.012 247.522 246.250 -1.5 0.9 -0.5

Housing

231.194 231.396 231.163 2.4 0.0 -0.1

Shelter

283.784 285.014 285.694 2.7 0.7 0.2

Rent of primary residence (1)

301.381 301.829 302.719 3.4 0.4 0.3

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

289.997 290.716 290.960 2.0 0.3 0.1

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

289.997 290.716 290.960 2.0 0.3 0.1

Fuels and utilities

208.151 205.290 200.001 3.7 -3.9 -2.6

Household energy

177.344 172.906 166.431 2.4 -6.2 -3.7

Energy services (1)

180.839 176.372 169.744 3.2 -6.1 -3.8

Electricity (1)

169.046 174.173 174.159 24.6 3.0 0.0

Utility (piped) gas service (1)

180.138 162.824 147.670 -19.4 -18.0 -9.3

Household furnishings and operations

97.701 96.766 97.047 -2.0 -0.7 0.3

Apparel

89.021 88.807 87.730 -9.8 -1.5 -1.2

Transportation

181.549 173.342 178.625 -9.8 -1.6 3.0

Private transportation

178.718 169.819 174.975 -10.3 -2.1 3.0

Motor fuel

232.615 188.814 210.332 -31.8 -9.6 11.4

Gasoline (all types)

229.771 186.485 207.984 -31.8 -9.5 11.5

Gasoline, unleaded regular (3)

223.141 180.349 201.849 -32.5 -9.5 11.9

Gasoline, unleaded midgrade (3) (4)

250.433 206.098 226.320 -29.2 -9.6 9.8

Gasoline, unleaded premium (3)

236.445 196.316 215.707 -27.9 -8.8 9.9

Medical care

456.459 462.307 463.965 3.8 1.6 0.4

Recreation (5)

108.077 112.665 108.898 -0.6 0.8 -3.3

Education and communication (5)

142.664 142.461 141.542 0.7 -0.8 -0.6

Other goods and services

381.911 383.756 378.645 -1.2 -0.9 -1.3
 

Commodity and service group

 
 

All items

226.262 225.852 225.763 -0.2 -0.2 0.0

Commodities

167.390 164.448 165.278 -4.8 -1.3 0.5

Commodities less food & beverages

130.456 126.071 127.742 -9.8 -2.1 1.3

Nondurables less food & beverages

170.381 161.195 164.122 -14.2 -3.7 1.8

Durables

92.185 92.338 92.820 -1.5 0.7 0.5

Services

282.032 284.011 283.054 2.5 0.4 -0.3
 

Special aggregate indexes

 
 

All items less medical care

216.409 215.722 215.555 -0.6 -0.4 -0.1

All items less shelter

207.004 206.012 205.651 -1.6 -0.7 -0.2

Commodities less food

134.624 130.415 132.021 -9.4 -1.9 1.2

Nondurables

205.796 201.172 202.179 -5.7 -1.8 0.5

Nondurables less food

175.366 166.812 169.529 -13.3 -3.3 1.6

Services less rent of shelter (2)

294.935 297.793 295.044 2.3 0.0 -0.9

Services less medical care services

268.693 270.353 269.296 2.4 0.2 -0.4

Energy

198.467 178.729 183.155 -16.3 -7.7 2.5

All items less energy

230.696 232.128 231.608 1.3 0.4 -0.2

All items less food and energy

229.948 231.578 231.173 1.1 0.5 -0.2

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: Tuesday, March 24, 2015