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14-2264-CHI
December 17, 2014

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Consumer Price Index, Chicago-Gary-Kenosha – November 2014

The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area decreased 0.8 percent in November, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices fell 7.2 percent while food prices were 0.2 percent higher in November. The all items less food and energy index declined 0.3 percent over the month. Among the indexes within the all items less food and energy index, prices were lower for apparel and recreation. The index for shelter edged up in November. (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 1.6 percent. (See chart 1 and table A.) The energy index recorded no change over the year as increases in the cost of electricity and utility (piped ) gas service were offset by decreases in gasoline prices. 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-Gary-Kenosha, November 2011–November 2014

Food

Food prices increased 0.2 percent in November following a 0.4 percent increase in October. 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) rose 0.6 percent over the month. Within the food at home group, categories experiencing increases included tomatoes; spices, seasonings, condiments, and sauces; and uncooked beef roasts. Prices were lower for potatoes, other bakery products, and ham.

From November 2013 to November 2014, the food index increased 4.7 percent. Grocery food prices rose 4.6 percent over the year, while prices for food eaten away from home increased 4.9 percent compared to last November.

Energy

The energy index was down 7.2 percent in November due to declines in the indexes for gasoline (-9.0 percent) and electricity (-10.9 percent). In contrast, utility (piped) gas service costs rose 2.3 percent.

On an annual basis, the Chicago area energy index recorded no change. Over the year, the indexes for electricity and utility (piped) gas service rose 18.7 percent and 3.3 percent, respectively, while gasoline prices fell 8.6 percent.

All items less food and energy

The index for all items less food and energy decreased 0.3 percent in November. Among the index’s components, prices were 3.4 percent lower for apparel and 1.3 percent lower for recreation. In contrast, the index for shelter edged up 0.1 percent over the month.

Over the year, the index for all items less food and energy increased 1.1 percent. Annual increases in the indexes for shelter (2.1 percent), medical care (2.5 percent), and education and communication (2.4 percent) were the major contributing factors.

Table A. Percent Changes in the CPI-U, Chicago-Gary-Kenosha (not seasonally adjusted)
Expenditure Category Percent changes from preceding month 12 mo. ended Nov. '14
2014
May Jun. Jul. Aug. Sep. Oct. Nov.

All items

-0.1 0.4 -0.4 0.1 0.0 -0.4 -0.8 1.6

Food & beverages

0.5 -0.1 -0.1 0.5 0.6 0.4 0.2 4.5

Food

0.7 -0.1 0.0 0.4 0.6 0.4 0.2 4.7

Housing

-0.5 0.7 0.4 -0.1 -0.2 -0.3 -0.5 2.7

Apparel

0.2 -2.6 -3.7 4.3 0.2 -1.6 -3.4 -4.9

Transportation

-0.2 1.2 -2.9 -1.5 -0.3 -2.3 -2.5 -2.5

Medical care

0.0 -0.2 0.6 0.3 0.1 1.0 -0.4 2.5

Recreation

1.0 0.2 0.2 0.0 -0.9 0.1 -1.3 -1.1

Education & communication

0.1 0.2 -0.1 0.5 0.9 0.1 -0.3 2.4

Other goods & services

-0.3 0.4 0.1 0.0 0.3 -0.2 -0.6 -0.5
 

Special Indexes

 

Energy

-4.0 3.8(R) -3.2 -3.0 -1.4 -6.4 -7.2 0.0

All items less food & energy

0.2 0.1 -0.2 0.4 0.1 0.2 -0.3 1.1

Footnotes:
(R) Revised.
 

The December 2014 Consumer Price Index for Chicago is scheduled to be released on Friday, January 16, 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-
Sep.
2014
Oct.
2014
Nov.
2014
Nov.
2013
Sep.
2014
Oct.
2014

Expenditure category

 
 

All items

229.829 228.987 227.184 1.6 -1.2 -0.8

All items (1967=100)

686.633 684.116 678.730 - - -

Food and beverages

238.733 239.670 240.189 4.5 0.6 0.2

Food

238.065 239.050 239.473 4.7 0.6 0.2

Food at home

237.160 238.639 238.386 4.6 0.5 -0.1

Food away from home

233.945 234.207 235.579 4.9 0.7 0.6

Alcoholic beverages

246.914 247.128 249.069 1.7 0.9 0.8

Housing

231.219 230.478 229.412 2.7 -0.8 -0.5

Shelter

283.560 283.879 284.083 2.1 0.2 0.1

Rent of primary residence (1)

298.885 300.655 301.479 3.4 0.9 0.3

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

288.145 289.171 289.805 2.0 0.6 0.2

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

288.145 289.171 289.805 2.0 0.6 0.2

Fuels and utilities

210.419 202.809 194.224 9.8 -7.7 -4.2

Household energy

180.259 172.186 163.069 11.0 -9.5 -5.3

Energy services (1)

183.774 175.433 166.012 11.2 -9.7 -5.4

Electricity (1)

166.303 169.367 150.964 18.7 -9.2 -10.9

Utility (piped) gas service (1)

190.650 167.320 171.207 3.3 -10.2 2.3

Household furnishings and operations

97.006 97.500 97.436 -0.7 0.4 -0.1

Apparel

95.678 94.121 90.884 -4.9 -5.0 -3.4

Transportation

199.520 195.023 190.087 -2.5 -4.7 -2.5

Private transportation

197.417 191.902 187.081 -2.4 -5.2 -2.5

Motor fuel

322.832 296.760 270.133 -8.6 -16.3 -9.0

Gasoline (all types)

319.414 293.546 267.032 -8.6 -16.4 -9.0

Gasoline, unleaded regular (3)

312.987 286.684 260.592 -8.7 -16.7 -9.1

Gasoline, unleaded midgrade (3) (4)

337.551 313.959 285.394 -7.5 -15.5 -9.1

Gasoline, unleaded premium (3)

313.442 293.021 268.627 -7.2 -14.3 -8.3

Medical care

452.421 456.734 455.082 2.5 0.6 -0.4

Recreation (5)

109.036 109.118 107.683 -1.1 -1.2 -1.3

Education and communication (5)

143.498 143.703 143.298 2.4 -0.1 -0.3

Other goods and services

385.599 384.759 382.445 -0.5 -0.8 -0.6
 

Commodity and service group

 
 

All items

229.829 228.987 227.184 1.6 -1.2 -0.8

Commodities

174.966 173.001 170.358 -0.2 -2.6 -1.5

Commodities less food & beverages

141.510 138.343 134.408 -3.5 -5.0 -2.8

Nondurables less food & beverages

193.042 186.568 178.573 -4.1 -7.5 -4.3

Durables

92.257 92.219 92.125 -2.5 -0.1 -0.1

Services

281.818 282.035 281.023 2.6 -0.3 -0.4
 

Special aggregate indexes

 
 

All items less medical care

220.317 219.246 217.434 1.5 -1.3 -0.8

All items less shelter

211.929 210.672 208.150 1.3 -1.8 -1.2

Commodities less food

145.549 142.448 138.639 -3.3 -4.7 -2.7

Nondurables

217.440 214.430 210.408 0.4 -3.2 -1.9

Nondurables less food

197.094 190.943 183.438 -3.8 -6.9 -3.9

Services less rent of shelter (2)

294.713 294.829 292.484 3.1 -0.8 -0.8

Services less medical care services

268.951 268.785 267.713 2.6 -0.5 -0.4

Energy

235.329 220.273 204.366 0.0 -13.2 -7.2

All items less energy

231.113 231.621 231.150 1.7 0.0 -0.2

All items less food and energy

230.671 231.092 230.454 1.1 -0.1 -0.3

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: Wednesday, December 17, 2014