This morning, the Bureau of Labor Statistics (BLS) released June 2010 figures for the Consumer Price Index, a common measure of inflation. The Chicago Metro Area Consumer Price Index for All Urban Consumers (CPI-U) reached $212.19 in June. This means goods and services that cost $100 in the 1982-84 base period cost $212.19 in June 2010. The latest figure represents a 0.4% decrease before seasonal adjustment in June 2010, reflecting a continuing monthly decline (mainly a result of falling gasoline costs).
Consumer Price Index for All Urban Consumers (CPI-U), June 2010; not seasonally adjusted except where noted
The following chart illustrates the year-on-year percent change in Consumer Price Index for All Urban Consumers (CPI-U), before seasonal adjustment, for the Chicago metro area. It also compares Chicago to all US cities, and other large domestic cities (1.5+ million population), over the last two years. The Chicago metro’s annualized rate of change rose above rates for all cities, and large cities, from Feb.’10-Apr.’10, but dipped below these benchmarks in May and June.
The full press release can be found on the BLS website (PDF).
