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errata

The index for Utility (piped) gas service in Miami-Fort Lauderdale-West Palm Beach, FL, all urban consumers, not seasonally adjusted for September 2022 was incorrectly published in the database. This data series was corrected on November 22, 2022. Table 1 below shows the revised corrections for the series.

News Release Information

22-1322-ATL
Thursday, November 10, 2022

Contacts Technical information: Media contact:
  • (404) 893-4220

Consumer Price Index, Miami-Fort Lauderdale-West Palm Beach — October 2022

Area prices up 10.1 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach rose 0.9 percent from August to October, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the index for all items less food and energy increased 1.5 percent over the bi-monthly period. This increase was partly offset by a 5.5-percent decline in the energy index. The food index continued to rise, increasing 1.7 percent from August to October. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U advanced 10.1 percent for the 12 months ending in October. The index for all items less food and energy rose 9.7 percent over the last 12 months. The energy index (+16.1 percent) and the food index (+9.1 percent) also increased over the past year. (See chart 1 and table 1.)

Food

The food index rose 1.7 percent from August to October, led by a 2.3-percent increase in the food at home index. Several major grocery store food groups increased over the bi-monthly period, including fruits and vegetables (+6.3 percent) and other food at home (+4.1 percent). The food away from home index rose 0.3 percent over the bi-monthly period.

The food index advanced 9.1 percent for the 12 months ending in October. The food at home index rose 10.7 percent over the past year as all six major grocery store food group indexes increased. The food away from home index also increased over the past year, up 5.5 percent.

Energy

The energy index declined 5.5 percent from August to October, reflecting a 10.4-percent decrease in the gasoline index. The electricity index increased 0.6 percent over the bi-monthly period, while the natural gas service index rose 3.0 percent.

The energy index advanced 16.1 percent for the 12 months ending in October, led by a 34.3-percent increase in the electricity index. The gasoline and the natural gas indexes also increased over the past year, up 4.1 percent and 17.9 percent, respectively.

All items less food and energy

The index for all items less food and energy rose 1.5 percent from August to October, led by a 3.2-percent increase in the shelter index. Within shelter, owners’ equivalent rent rose 3.1 percent over the bi-monthly period and rent of primary residence rose 3.0 percent. In contrast, the used cars and trucks index declined 6.8 percent from August to October.

The index for all items less food and energy advanced 9.7 percent for the 12 months ending in October. The shelter index rose 14.2 percent over the past year, reflecting increases in the owner’s equivalent rent (+14.1 percent) and rent of primary residence (+16.2 percent) indexes.

Table A. Miami-Fort Lauderdale-West Palm Beach, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month 2018 2019 2020 2021 2022
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

2.6 3.2 1.0 1.2 0.4 1.4 0.8 1.4 3.3 9.8

April

-0.1 3.5 0.8 2.2 -1.0 -0.5 1.6 4.1 1.5 9.6

June

0.5 4.2 -0.5 1.2 0.7 0.7 1.6 5.1 2.5 10.6

August

-0.3 3.6 0.4 1.9 1.0 1.4 0.2 4.2 0.4 10.7

October

0.8 3.4 0.4 1.5 0.1 1.0 1.5 5.7 0.9 10.1

December

-0.6 2.9 -0.2 2.0 -0.2 1.1 1.2 7.1

The Consumer Price Index for November 2022 is scheduled to be released on Tuesday, December 13, 2022, at 8:30 a.m. (ET).


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 93 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 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 Miami-Fort Lauderdale-West Palm Beach, FL, Core Based Statistical Area covered in this release is comprised of Broward, Miami-Dade, and Palm Beach Counties in Florida.

Information in this release will be made available to sensory impaired individuals upon request. Voice phone: (202) 691-5200; Telecommunications Relay Service: 7-1-1.

Table 1. Consumer Price Index for All Urban Consumers (CPI-U): Indexes and percent changes for selected periods
Miami-Fort Lauderdale-West Palm Beach, FL (1982-84=100 unless otherwise noted)
Item and Group

Indexes Percent change from-
Aug.
2022
Sep.
2022
Oct.
2022
Oct.
2021
Aug.
2022
Sep.
2022

Expenditure category

All Items

316.152 - 319.077 10.1 0.9 -

All items (November 1977=100)

509.593 - 514.307 - - -

Food and beverages

303.855 - 308.458 8.8 1.5 -

Food

310.917 - 316.048 9.1 1.7 -

Food at home

296.144 300.012 302.852 10.7 2.3 0.9

Cereals and bakery products

374.585 - 383.292 17.5 2.3 -

Meats, poultry, fish, and eggs

291.932 - 292.240 2.4 0.1 -

Dairy and related products

261.291 - 261.770 11.7 0.2 -

Fruits and vegetables

322.952 - 343.159 4.7 6.3 -

Nonalcoholic beverages and beverage materials(1)

293.296 - 290.973 12.0 -0.8 -

Other food at home

251.264 - 261.582 21.4 4.1 -

Food away from home

334.319 - 335.331 5.5 0.3 -

Alcoholic beverages

220.033 - 217.121 2.9 -1.3 -

Housing

340.235 - 349.672 14.9 2.8 -

Shelter

387.733 393.787 400.119 14.2 3.2 1.6

Rent of primary residence

383.113 387.471 394.677 16.2 3.0 1.9

Owners' equiv. rent of residences(2)

392.031 398.215 404.243 14.1 3.1 1.5

Owners' equiv. rent of primary residence(2)

392.031 398.215 404.243 14.1 3.1 1.5

Fuels and utilities

233.074 - 236.573 26.8 1.5 -

Household energy

209.563 210.844 211.829 34.6 1.1 0.5

Energy services

205.525 206.933 206.910 34.0 0.7 0.0

Electricity

201.729 203.144 203.019 34.3 0.6 -0.1

Utility (piped) gas service

219.572 221.866(R) 226.169 17.9 3.0 1.9(R)

Household furnishings and operations

199.709 - 198.617 8.5 -0.5 -

Apparel

153.383 - 140.991 -3.0 -8.1 -

Transportation

277.369 - 268.746 4.3 -3.1 -

Private transportation

290.084 - 279.350 4.4 -3.7 -

New and used motor vehicles(3)

139.392 - 135.642 -0.1 -2.7 -

New vehicles(1)

278.372 - 281.443 8.2 1.1 -

Used cars and trucks(1)

447.135 - 416.728 0.7 -6.8 -

Motor fuel

336.382 313.879 301.903 4.4 -10.2 -3.8

Gasoline (all types)

332.176 309.780 297.737 4.1 -10.4 -3.9

Unleaded regular(4)

327.586 305.697 293.739 3.8 -10.3 -3.9

Unleaded midgrade(4)(5)

330.536 307.035 294.248 6.2 -11.0 -4.2

Unleaded premium(4)

355.344 329.730 317.737 5.9 -10.6 -3.6

Medical Care

615.356 - 615.279 4.5 0.0 -

Recreation(3)

132.619 - 131.667 6.4 -0.7 -

Education and communication(3)

127.132 - 129.750 3.7 2.1 -

Tuition, other school fees, and child care(1)

1,080.324 - 1,080.324 2.6 0.0 -

Other goods and services

418.049 - 432.105 14.9 3.4 -

Commodity and service group

All Items

316.152 - 319.077 10.1 0.9 -

Commodities

243.637 - 238.433 5.2 -2.1 -

Commodities less food & beverages

204.836 - 196.358 3.1 -4.1 -

Nondurables less food & beverages

245.191 - 229.448 3.0 -6.4 -

Durables

162.140 - 159.641 3.5 -1.5 -

Services

372.126 - 380.933 12.5 2.4 -

Special aggregate indexes

All items less medical care

303.384 - 306.415 10.6 1.0 -

All items less shelter

278.521 - 276.616 7.2 -0.7 -

Commodities less food

206.032 - 197.645 3.1 -4.1 -

Nondurables

277.918 - 271.266 6.0 -2.4 -

Nondurables less food

243.845 - 228.744 3.0 -6.2 -

Services less rent of shelter(2)

358.863 - 362.479 9.7 1.0 -

Services less medical care services

352.279 - 361.352 13.1 2.6 -

Energy

266.266 256.641 251.680 16.1 -5.5 -1.9

All items less energy

321.698 - 326.617 9.6 1.5 -

All items less food and energy

323.661 - 328.557 9.7 1.5 -

Footnotes
(1) Index is on a November 1977=100 base.
(2) Index is on a November 1982=100 base.
(3) Indexes on a December 1997=100 base.
(4) Special index based on a substantially smaller sample.
(5) Indexes on a December 1993=100 base.

(R) Revised.
- Data not available.
NOTE: Index applies to a month as a whole, not to any specific date. Data not seasonally adjusted.

 

Last Modified Date: Thursday, November 10, 2022