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14-1318-CHI

Tuesday, July 22, 2014

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


The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area was 0.4 percent higher in June, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices rose 3.1 percent while food prices were down a slight 0.1 percent. The all items less food and energy category edged up 0.1 percent over the month. Among the indexes within the all items less food and energy category, prices were higher for shelter and lower for apparel. (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 2.0 percent. The energy index rose 6.7 percent since last June primarily due to increases in costs for utility (piped) gas service and electricity. The all items less food and energy index was 1.4 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 June following a 0.7-percent increase in May. Of the two components within the food index, prices for food at home (groceries) were unchanged and prices for food away from home (restaurant, cafeteria, and vending purchases) declined 0.2 percent over the month. Within the food at home group, prices were higher for bananas, lettuce, and apples. In contrast, prices were lower for citrus fruits; other fresh fruits (includes strawberries, peaches, cherries, and plums for example); and cakes, cupcakes, and cookies.

From June 2013 to June 2014, the food index increased 2.9 percent. Grocery food prices rose 2.6 percent over the year while prices for food eaten away from home increased 3.3 percent compared to last June.

Energy

The energy index was 3.1 percent higher in June following a 4.0-percent decrease in May. Within the energy category, prices rose for electricity (11.9 percent) and gasoline (3.3 percent). In contrast, utility (piped) gas service prices fell 4.6 percent over the month.

Overall energy prices were up 6.7 percent from June 2013 to June 2014. Over the year, the indexes for utility (piped) gas service and electricity rose 26.3 percent and 26.0 percent, respectively, while gasoline prices fell 5.0 percent.

All items less food and energy

The index for all items less food and energy edged up 0.1 percent in June. Among the index’s components, prices were 0.5 percent higher for shelter. In contrast prices for apparel were 2.6 percent lower over the month.

Over the year, the index for all items less food and energy increased 1.4 percent. Annual increases in prices for shelter (1.9 percent) and education and communication (2.2 percent) were contributing factors.

____________

The July 2014 Consumer Price Index for Chicago is scheduled to be released on August 19, 2014, 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 Jun. '14
2013 2014
Dec. Jan. Feb. Mar. Apr. May Jun.

All items

-0.3 0.9 0.5 1.1 0.5 -0.1 0.4 2.0

Food & beverages

0.0 0.8 1.1 0.3 0.2 0.5 -0.1 2.9

Food

0.0 0.8 1.1 0.3 0.3 0.7 -0.1 2.9

Housing

-0.1 1.0 0.2 1.4 0.7 -0.5 0.7 3.9

Apparel

-5.0 2.5 4.4 1.7 -1.4 0.2 -2.6 3.3

Transportation

-0.4 1.4 0.5 3.1 1.4 -0.2 1.2 -1.4

Medical care

0.0 0.5 0.2 0.2 0.1 0.0 -0.2 1.3

Recreation

-0.3 0.7 0.2 -0.2 -0.7 1.0 0.2 -0.5

Education & communication

-0.3 0.1 0.6 0.0 0.4 0.1 0.2 2.2

Other goods & services

-0.2 0.2 -0.3 0.3 -0.2 -0.3 0.4 1.7

Special Indexes

Energy

-0.6 5.6 2.0 11.7 4.2 -4.0 3.1 6.7

All items less food & energy

-0.4 0.5 0.3 0.1 0.1 0.2 0.1 1.4

 

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-
Apr.
2014
May
2014
Jun.
2014
Jun.
2013
Apr.
2014
May
2014

Expenditure category

 
 

All items

229.848 229.612 230.477 2.0 0.3 0.4

All items (1967=100)

686.690 685.985 688.569 - - -

Food and beverages

235.493 236.774 236.563 2.9 0.5 -0.1

Food

234.463 236.003 235.841 2.9 0.6 -0.1

Food at home

232.962 235.056 235.069 2.6 0.9 0.0

Food away from home

231.270 231.989 231.582 3.3 0.1 -0.2

Alcoholic beverages

249.068 246.500 245.568 3.8 -1.4 -0.4

Housing

230.403 229.203 230.820 3.9 0.2 0.7

Shelter

278.779 279.606 280.905 1.9 0.8 0.5

Rent of primary residence (1)

292.959 293.483 294.042 2.2 0.4 0.2

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

284.754 285.260 285.702 1.6 0.3 0.2

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

284.754 285.260 285.702 1.6 0.3 0.2

Fuels and utilities

224.566 212.159 217.081 21.6 -3.3 2.3

Household energy

196.072 182.107 187.328 25.8 -4.5 2.9

Energy services (1)

199.928 185.578 191.116 26.1 -4.4 3.0

Electricity (1)

140.452 141.219 158.022 26.0 12.5 11.9

Utility (piped) gas service (1)

263.375 229.468 218.906 26.3 -16.9 -4.6

Household furnishings and operations

98.479 98.381 98.881 -0.5 0.4 0.5

Apparel

97.471 97.640 95.062 3.3 -2.5 -2.6

Transportation

207.196 206.728 209.175 -1.4 1.0 1.2

Private transportation

203.826 202.991 205.855 -1.6 1.0 1.4

Motor fuel

348.143 343.908 355.036 -4.7 2.0 3.2

Gasoline (all types)

344.472 340.282 351.358 -5.0 2.0 3.3

Gasoline, unleaded regular (3)

338.492 334.069 345.272 -5.3 2.0 3.4

Gasoline, unleaded midgrade (3) (4)

360.458 357.336 368.054 -4.6 2.1 3.0

Gasoline, unleaded premium (3)

333.097 330.501 339.232 -4.1 1.8 2.6

Medical care

448.392 448.599 447.858 1.3 -0.1 -0.2

Recreation (5)

108.465 109.504 109.770 -0.5 1.2 0.2

Education and communication (5)

141.107 141.181 141.525 2.2 0.3 0.2

Other goods and services

383.540 382.460 383.966 1.7 0.1 0.4
 

Commodity and service group

 
 

All items

229.848 229.612 230.477 2.0 0.3 0.4

Commodities

176.689 176.659 176.652 0.1 0.0 0.0

Commodities less food & beverages

145.338 144.738 144.820 -1.5 -0.4 0.1

Nondurables less food & beverages

198.633 198.043 198.381 -1.3 -0.1 0.2

Durables

94.408 93.801 93.641 -2.8 -0.8 -0.2

Services

280.231 279.800 281.489 3.3 0.4 0.6
 

Special aggregate indexes

 
 

All items less medical care

220.516 220.260 221.197 2.1 0.3 0.4

All items less shelter

213.647 213.034 213.749 2.1 0.0 0.3

Commodities less food

149.365 148.706 148.761 -1.4 -0.4 0.0

Nondurables

218.875 219.173 219.253 0.7 0.2 0.0

Nondurables less food

202.533 201.832 202.104 -1.1 -0.2 0.1

Services less rent of shelter (2)

296.467 294.672 296.849 4.7 0.1 0.7

Services less medical care services

267.383 266.915 268.718 3.6 0.5 0.7

Energy

254.803 244.652 252.159 6.7 -1.0 3.1

All items less energy

229.276 229.984 230.222 1.7 0.4 0.1

All items less food and energy

229.154 229.711 230.023 1.4 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.

 

Last Modified Date: July 22, 2014