Friday, June 10, 2022
Prices in the Chicago-Naperville-Elgin area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), advanced 1.8 percent in May, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Jason Palmer noted that the food index increased 1.0 percent, and the energy index rose 13.2 percent in May. The all items less food and energy index advanced 0.7 percent. Within the all items less food and energy category, prices were higher over the month for public transportation and shelter. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect seasonal influences.)
Over the last 12 months, the CPI-U rose 8.0 percent. (See chart 1 and table A.) The index for all items less food and energy advanced 4.7 percent over the year. The energy index was up 39.4 percent, largely the result of an increase in gasoline prices. Food prices rose 10.9 percent. (See table 1.)
Food prices increased 1.0 percent for the month of May. (See table 1.) Prices for food at home (groceries) rose 0.9 percent as five of the six major grocery store food group indexes increased over the month. Categories increasing included cereals and bakery products (3.9 percent) and dairy and related products (5.4 percent). The index for fruits and vegetables fell 3.8 percent. Prices for food away from home (restaurant, cafeteria, and vending purchases) were up 1.2 percent for the same period.
Over the year, food prices increased 10.9 percent. Prices for food at home advanced 11.8 percent since a year ago. Among the grocery food categories, the index for meats, poultry, fish, and eggs increased 16.6 percent and the index for other food at home (includes sugar, sweets, fats, and oils, for example) was up 12.1 percent over the year. Prices for food away from home were up 8.9 percent compared to May 2021.Energy
The energy index increased 13.2 percent over the month. The increase was mainly due to higher prices for utility (piped) gas service (30.1 percent) and gasoline (10.7 percent). The index for electricity increased 1.4 percent for the same period.
Energy prices increased 39.4 percent over the year, largely due to higher gasoline prices (50.3 percent). Prices paid for utility (piped) gas service advanced 53.0 percent, and electricity prices rose 8.6 percent during the past year.All items less food and energy
The index for all items less food and energy rose 0.7 percent in May. Higher prices for public transportation and shelter (0.5 percent) contributed to the increase.
Over the year, the index for all items less food and energy advanced 4.7 percent. Components contributing to the increase included shelter (4.4 percent) and new and used motor vehicles (13.7 percent).
The June 2022 Consumer Price Index for the Chicago-Naperville-Elgin area is scheduled to be released on July 13, 2022.
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 93 percent of the total U.S. population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers approximately 29 percent of the total U.S. 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 75 urban areas across the country from about 6,000 housing units and approximately 22,000 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; for most of the CPI-U the reference base is 1982-84 equals 100. An increase of 7 percent from the reference base, for example, is shown as 107.000. Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the CPI section of the BLS Handbook of Methods available on the internet at www.bls.gov/opub/hom/cpi/.
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-Naperville-Elgin, IL-IN-WI, Core Based Statistical Area covered in this release is comprised of Cook, DeKalb, DuPage, Grundy, Kane, Kendall, Lake, McHenry, and Will Counties in Illinois; Jasper, Lake, Newton, and Porter Counties in Indiana; and Kenosha County in Wisconsin.
Information in this release will be made available to individuals with sensory impairments upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.
|Item and Group||Indexes||Percent change from-|
All items (1967=100)
Food and beverages
Food at home
Cereals and bakery products
Meats, poultry, fish and eggs
Dairy and related products
Fruits and vegetables
Nonalcoholic beverages and beverage materials(1)
Other food at home
Food away from home
Rent of primary residence(2)
Fuels and utilities
Utility (piped) gas service(2)
Household furnishings and operations
New and used motor vehicles(4)
Used cars and trucks(1)
Gasoline (all types)
Gasoline, unleaded regular(5)
Gasoline, unleaded premium(5)
Education and communication(4)
Tuition, other school fees, and childcare(1)
Other goods and services
Commodity and service group
Commodities less food and beverages
Nondurables less food and beverages
Special aggregate indexes
All items less medical care
All items less shelter
Commodities less food
Nondurables less food
Services less rent of shelter(3)
Services less medical care services
All items less energy
All items less food and energy
- Data not available.
Last Modified Date: Friday, June 10, 2022