The Illinois Consumer Price Index (CPI) is a crucial economic indicator that measures the average change in prices of goods and services bought by consumers over a specific period within the state of Illinois. It serves as a significant tool for tracking inflation and allows policymakers, analysts, and economists to assess the purchasing power of consumers and make informed decisions. The Illinois CPI provides insights into the overall price trends within the state, representing the cost of living conditions, and is used to adjust various economic factors such as wages, pensions, and government benefits to account for inflation. By monitoring changes in the CPI, authorities can gauge the impact on the standard of living and adjust policies accordingly. There are several types of Illinois Consumer Price Index that focus on different aspects of consumer spending patterns and price changes: 1. All items CPI: The items CPI covers a broad range of goods and services within Illinois, representing the overall price movement. 2. Core CPI: The Core CPI excludes certain volatile categories like food and energy from the overall CPI measurement. It provides a more stable indicator of inflation by focusing on long-term trends. 3. Urban CPI: The Urban CPI specifically focuses on price changes faced by urban consumers within Illinois, considering the unique factors and market conditions in metropolitan areas. 4. Rural CPI: The Rural CPI concentrates on price changes experienced by consumers residing in rural areas of Illinois, acknowledging the distinct patterns and challenges faced by this demographic. These different CPI variations allow policymakers to analyze inflation rates based on specific demographics and better understand regional differences within the state of Illinois. By obtaining a comprehensive view of price movements, policymakers can implement targeted strategies to manage the economic impact on various segments of the population. In conclusion, the Illinois Consumer Price Index functions as a key tool to measure inflation and track price changes for goods and services consumed by the state's residents. Its various types, including All items CPI, Core CPI, Urban CPI, and Rural CPI, enable policymakers and economists to gain insights into different segments of the population and make well-informed decisions to ensure economic stability and welfare for Illinoisans.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.Illinois Índice de precios al consumidor - Consumer Price Index
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Here's the inflation breakdown for October 2023 ? in one chart All items3.2% 3.2% 3.2%All itemsLess food + energy4% 4% 4%Admission to sporting events25.1% 25.1% 25.1%Motor vehicle insurance19.2% 19.2% 19.2%Motor vehicle repair15.1% 15.1% 15.1%25 more rows ? 20 hours ago
Not seasonally adjusted CPI measures The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.7 percent over the last 12 months to an index level of 307.789 (1982-84=100). For the month, the index increased 0.2 percent prior to seasonal adjustment.
November 2023 Prices (BLS/Haver, AAA)Most RecentPrior MonthCPI-U Inflation3.0%4.0%"Core" CPI Inflation4.1%4.3%National Gas/gal. Updated 11/13/23 AM$3.37$3.633 more rows
Not seasonally adjusted CPI measures The Consumer Price Index for All Urban Consumers (CPI-U) increased 3.7 percent over the last 12 months to an index level of 307.789 (1982-84=100). For the month, the index increased 0.2 percent prior to seasonal adjustment.
Consumer Price Index Overview Table ? Midwest Area (Links provide news releases)Sep 2023Minneapolis-St. Paul-Bloomington, MN-WI296.730Riverside-San Bernardino-Ontario, CA(3)131.372San Diego-Carlsbad, CA367.18548 more rows
The Consumer Prices Index (CPI) rose by 4.6% in the 12 months to October 2023, down from 6.7% in September.
Consumer Price Index, Los Angeles area ? September 2023 MonthAll itemsAll items less food and energyDec 20224.94.5Jan 20235.84.5Feb 20235.14.5Mar 20233.74.333 more rows
Consumer Price Index Overview Table ? Midwest Area (Links provide news releases)Jun 2023Percent change to Sep 2023 fromSep 2022Middle Atlantic(3)120.4233.2Midwest region(4)283.7413.2Midwest - Size Class A (over 2.5 million)282.7532.847 more rows
Consumer Price Index, Los Angeles area ? September 2023 MonthAll itemsAll items less food and energyDec 20224.94.5Jan 20235.84.5Feb 20235.14.5Mar 20233.74.333 more rows