This morning, the Bureau of Labor Statistics (BLS) released October 2012 figures for the Consumer Price Index, a common measure of inflation. The Chicago Metro Area Consumer Price Index for All Urban Consumers (CPI-U) decreased from last month to 223.23, meaning goods and services that cost $100.00 in the 1982-84 base period cost an additional $123.23 in October 2012. The latest figure represents a 1.7% increase over last October before seasonal adjustment.
The following chart illustrates the year-over-year percent change in Consumer Price Index for All Urban Consumers (CPI-U), before seasonal adjustment, for all US cities, the Chicago metro area and large domestic cities (1.5+ million population) over the last two years. In October, the Chicago metro’s annualized rate of change remained below rates for all cities and large cities.
The full press release can be found on the BLS website.