News Release Information

14-1558-CHI

Tuesday, August 19, 2014

Contacts

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

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


The Consumer Price Index for All Urban Consumers (CPI-U) in the Chicago-Gary-Kenosha area was 0.4 percent lower in July, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Charlene Peiffer noted that energy prices fell 3.2 percent while food prices were unchanged in July. The all items less food and energy category decreased 0.2 percent over the month. Among the indexes within the all items less food and energy category, prices were lower for apparel and higher for shelter and 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 1.9 percent. The energy index rose 8.6 percent since last July primarily due to increases in costs for electricity and utility (piped) gas service. The all items less food and energy index was 1.0 percent higher over the year.

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

Food

Food prices were unchanged in July following a 0.1-percent decrease in June. 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) were unchanged over the month. Within the food at home group, prices were higher for lettuce, breakfast cereal, and ham. In contrast, prices were lower for pork chops and baby food.

From July 2013 to July 2014, the food index increased 3.0 percent. Grocery food prices rose 2.8 percent over the year while prices for food eaten away from home increased 3.3 percent compared to last July.

Energy

The energy index was 3.2 percent lower in July following a 3.8-percent increase in June. Within the energy category, prices fell for gasoline (-6.7 percent) and electricity (-0.4 percent). In contrast, utility (piped) gas service prices rose 2.4 percent over the month.

Overall energy prices were up 8.6 percent from July 2013 to July 2014. Over the year, the indexes for electricity and utility (piped) gas service rose 28.9 percent and 25.6 percent, respectively, while gasoline prices fell 4.0 percent.

All items less food and energy

The index for all items less food and energy decreased 0.2 percent in July. Among the index’s components, prices were 0.2 percent higher for shelter and 0.6 percent higher for medical care. In contrast, prices for apparel were 3.7 percent lower over the month.

Over the year, the index for all items less food and energy increased 1.0 percent. A 1.7 percent annual increase in shelter costs was the major contributing factor. The indexes for education and communication (2.1 percent) and medical care (1.8 percent) also rose over-the year, but with less impact.

____________

The August 2014 Consumer Price Index for Chicago is scheduled to be released on September 17, 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 Jul. '14
2014
Jan. Feb. Mar. Apr. May Jun. Jul.

All items

0.9 0.5 1.1 0.5 -0.1 0.4 -0.4 1.9

Food & beverages

0.8 1.1 0.3 0.2 0.5 -0.1 -0.1 2.9

Food

0.8 1.1 0.3 0.3 0.7 -0.1 0.0 3.0

Housing

1.0 0.2 1.4 0.7 -0.5 0.7 0.4 3.7

Apparel

2.5 4.4 1.7 -1.4 0.2 -2.6 -3.7 -1.4

Transportation

1.4 0.5 3.1 1.4 -0.2 1.2 -2.9 -1.4

Medical care

0.5 0.2 0.2 0.1 0.0 -0.2 0.6 1.8

Recreation

0.7 0.2 -0.2 -0.7 1.0 0.2 0.2 -0.4

Education & communication

0.1 0.6 0.0 0.4 0.1 0.2 -0.1 2.1

Other goods & services

0.2 -0.3 0.3 -0.2 -0.3 0.4 0.1 1.2

Special Indexes

Energy

5.6 2.0 11.7 4.2 -4.0 3.8 -3.2 8.6

All items less food & energy

0.5 0.3 0.1 0.1 0.2 0.1 -0.2 1.0

 

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-
May
2014
Jun.
2014
Jul.
2014
Jul.
2013
May
2014
Jun.
2014

Expenditure category

 
 

All items

229.612 230.477 229.633 1.9 0.0 -0.4

All items (1967=100)

685.985 688.569 686.047 - - -

Food and beverages

236.774 236.563 236.348 2.9 -0.2 -0.1

Food

236.003 235.841 235.736 3.0 -0.1 0.0

Food at home

235.056 235.069 234.849 2.8 -0.1 -0.1

Food away from home

231.989 231.582 231.642 3.3 -0.1 0.0

Alcoholic beverages

246.500 245.568 243.723 2.0 -1.1 -0.8

Housing

229.203 230.820 231.734 3.7 1.1 0.4

Shelter

279.606 280.905 281.554 1.7 0.7 0.2

Rent of primary residence (1)

293.483 294.042 294.758 2.1 0.4 0.2

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

285.260 285.702 285.784 1.4 0.2 0.0

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

285.260 285.702 285.784 1.4 0.2 0.0

Fuels and utilities

212.159 220.019 221.793 22.6 4.5 0.8

Household energy

182.107 190.445 192.326 26.9 5.6 1.0

Energy services (1)

185.578 194.329 196.218 27.2 5.7 1.0

Electricity (1)

141.219 163.341 162.736 28.9 15.2 -0.4

Utility (piped) gas service (1)

229.468 218.906 224.066 25.6 -2.4 2.4

Household furnishings and operations

98.381 98.881 98.144 -1.1 -0.2 -0.7

Apparel

97.640 95.062 91.556 -1.4 -6.2 -3.7

Transportation

206.728 209.175 203.189 -1.4 -1.7 -2.9

Private transportation

202.991 205.855 200.217 -1.4 -1.4 -2.7

Motor fuel

343.908 355.036 331.359 -3.7 -3.6 -6.7

Gasoline (all types)

340.282 351.358 327.852 -4.0 -3.7 -6.7

Gasoline, unleaded regular (3)

334.069 345.272 321.346 -4.3 -3.8 -6.9

Gasoline, unleaded midgrade (3) (4)

357.336 368.054 346.506 -2.8 -3.0 -5.9

Gasoline, unleaded premium (3)

330.501 339.232 320.862 -2.7 -2.9 -5.4

Medical care

448.599 447.858 450.545 1.8 0.4 0.6

Recreation (5)

109.504 109.770 109.969 -0.4 0.4 0.2

Education and communication (5)

141.181 141.525 141.401 2.1 0.2 -0.1

Other goods and services

382.460 383.966 384.356 1.2 0.5 0.1
 

Commodity and service group

 
 

All items

229.612 230.477 229.633 1.9 0.0 -0.4

Commodities

176.659 176.652 174.316 0.0 -1.3 -1.3

Commodities less food & beverages

144.738 144.820 141.636 -1.8 -2.1 -2.2

Nondurables less food & beverages

198.043 198.381 192.269 -1.6 -2.9 -3.1

Durables

93.801 93.641 93.230 -2.7 -0.6 -0.4

Services

279.800 281.489 282.051 3.0 0.8 0.2
 

Special aggregate indexes

 
 

All items less medical care

220.260 221.197 220.195 1.9 0.0 -0.5

All items less shelter

213.034 213.749 212.372 2.0 -0.3 -0.6

Commodities less food

148.706 148.761 145.587 -1.7 -2.1 -2.1

Nondurables

219.173 219.253 215.885 0.7 -1.5 -1.5

Nondurables less food

201.832 202.104 196.186 -1.5 -2.8 -2.9

Services less rent of shelter (2)

294.672 296.849 297.348 4.5 0.9 0.2

Services less medical care services

266.915 268.718 269.227 3.3 0.9 0.2

Energy

244.652 254.057 245.995 8.6 0.5 -3.2

All items less energy

229.984 230.222 229.879 1.3 0.0 -0.1

All items less food and energy

229.711 230.023 229.635 1.0 0.0 -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: August 19, 2014