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19-1288-ATL
Thursday, July 11, 2019

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Consumer Price Index, Miami-Fort Lauderdale-West Palm Beach – June 2019

Area prices down -0.5 percent since April; up 1.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach declined 0.5 percent from April to June, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the energy index contributed to the decrease, down 4.0 percent since April. The all items less food and energy index and the food index also declined over the bi-monthly period, down 0.2 and 0.4 percent, respectively.  (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

Over the last 12 months, the all items CPI-U rose 1.2 percent, reflecting a 2.0-percent increase in the all items less food and energy index. Since June 2018, the energy index fell 4.9 percent, while the food index was little changed, down 0.1 percent over the year. (See chart 1 and table 1.)

Food

The food index declined 0.4 percent from April to June, reflecting a 0.7-percent decrease in the food at home index. The food away from home index inched up 0.1 percent over the bi-monthly period.

The food index inched down 0.1 percent from June 2018 to June 2019. Over the year, the food at home index was down 1.3 percent, while the food away from home index was up 1.6 percent.  

Energy

The energy index declined 4.0 percent from April to June, led by a drop in the gasoline index, down 7.2 percent since April. The electricity index was little changed since April, up 0.1 percent over the bi-monthly period.

Over the year, the energy index fell 4.9 percent, reflecting a 9.7-percent decrease in the gasoline index. Since June 2018, the electricity index rose 1.8 percent.   

All items less food and energy

The index for all items less food and energy edged down 0.2 percent since April. Decreases for several indexes, including new and used motor vehicles (-3.3 percent) and recreation (-2.3 percent), were largely offset by a 0.3-percent increase in the shelter index and a 1.1 percent increase in the medical care index.

The all items less food and energy index advanced 2.0 percent from June 2018 to June 2019. The shelter index contributed to the over the year increase, up 4.1 percent.

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 2015 2016 2017 2018 2019
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

0.3 0.4 0.2 1.6 1.3 4.0 2.6 3.2 1.0 1.2

April

0.8 0.5 0.7 1.4 -0.5 2.8 -0.1 3.5 0.8 2.2

June

0.4 1.2 0.6 1.6 -0.2 2.0 0.5 4.2 -0.5 1.2

August

0.0 1.3 0.0 1.6 0.3 2.3 -0.3 3.6

October

0.2 1.1 0.5 1.9 1.0 2.7 0.8 3.4

December

-0.1 1.6 0.8 2.9 -0.1 1.8 -0.6 2.9

The Consumer Price Index for July 2019 is scheduled to be released on Tuesday, August 13, 2019.


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 5,000 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 (1982-84) that equals 100.0. An increase of 16.5 percent, for example, is shown as 116.5. This change can also be expressed in dollars as follows: the price of a base period "market basket" of goods and services in the CPI has risen from $10 in 1982-84 to $11.65. For further details see the CPI home page on the Internet at www.bls.gov/cpi and the BLS Handbook of Methods, Chapter 17, The Consumer Price Index, available on the Internet at www.bls.gov/opub/hom/pdf/homch17.pdf.

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; Federal Relay Service: (800) 877-8339.

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-
Apr.
2019
May
2019
Jun.
2019
Jun.
2018
Apr.
2019
May
2019

Expenditure category

All Items

270.553 - 269.119 1.2 -0.5 -

All items (November 1977=100)

436.094 - 433.783 - - -

Food and beverages

265.835 - 264.100 0.0 -0.7 -

Food

267.489 - 266.507 -0.1 -0.4 -

Food at home

254.366 254.410 252.597 -1.3 -0.7 -0.7

Cereals and bakery products

282.542 - 287.409 2.6 1.7 -

Meats, poultry, fish, and eggs

241.163 - 234.227 -5.2 -2.9 -

Dairy and related products

228.997 - 225.935 3.3 -1.3 -

Fruits and vegetables

329.326 - 335.461 -2.2 1.9 -

Nonalcoholic beverages and beverage materials(1)

251.751 - 247.221 0.6 -1.8 -

Other food at home

210.510 - 208.866 -1.5 -0.8 -

Food away from home

291.096 - 291.321 1.6 0.1 -

Alcoholic beverages

243.489 - 232.375 1.1 -4.6 -

Housing

283.920 - 284.942 3.9 0.4 -

Shelter

326.786 327.380 327.799 4.1 0.3 0.1

Rent of primary residence

321.141 321.480 323.032 4.6 0.6 0.5

Owners' equiv. rent of residences(2)

329.259 330.159 331.758 4.8 0.8 0.5

Owners' equiv. rent of primary residence(2)

329.259 330.159 331.758 4.8 0.8 0.5

Fuels and utilities

181.321 - 181.328 1.8 0.0 -

Household energy

154.959 154.948 155.071 1.6 0.1 0.1

Energy services

152.132 152.128 152.291 1.8 0.1 0.1

Electricity

149.118 149.118 149.263 1.8 0.1 0.1

Utility (piped) gas service

- - - - - -

Household furnishings and operations

162.762 - 165.124 3.9 1.5 -

Apparel

139.516 - 138.331 -1.3 -0.8 -

Transportation

229.752 - 221.728 -4.4 -3.5 -

Private transportation

234.868 - 226.602 -4.3 -3.5 -

New and used motor vehicles(3)

117.997 - 114.134 -2.8 -3.3 -

New vehicles(1)

235.535 - 232.231 1.8 -1.4 -

Used vehicles(1)

297.724 - 298.065 0.8 0.1 -

Motor fuel

248.707 246.494 230.867 -9.7 -7.2 -6.3

Gasoline (all types)

245.821 243.624 228.086 -9.7 -7.2 -6.4

Unleaded regular(4)

242.670 240.615 224.432 -10.0 -7.5 -6.7

Unleaded midgrade(4)(5)

240.009 237.104 227.918 -7.0 -5.0 -3.9

Unleaded premium(4)

261.083 257.873 247.878 -7.4 -5.1 -3.9

Motor vehicle insurance(1)

879.055 - 881.918 -0.6 0.3 -

Medical Care

554.785 - 560.799 0.4 1.1 -

Recreation(3)

122.304 - 119.499 -0.7 -2.3 -

Education and communication(3)

120.861 - 119.845 -0.2 -0.8 -

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

994.670 - 994.670 4.2 0.0 -

Other goods and services

362.153 - 360.810 2.8 -0.4 -

Commodity and service group

All Items

270.553 - 269.119 1.2 -0.5 -

Commodities

207.351 - 203.760 -1.8 -1.7 -

Commodities less food & beverages

171.922 - 167.495 -3.1 -2.6 -

Nondurables less food & beverages

208.336 - 202.050 -4.6 -3.0 -

Durables

132.204 - 129.950 -0.1 -1.7 -

Services

318.927 - 319.028 2.6 0.0 -

Special aggregate indexes

All items less medical care

258.490 - 256.763 1.2 -0.7 -

All items less shelter

240.888 - 238.195 -0.8 -1.1 -

Commodities less food

174.692 - 170.019 -2.9 -2.7 -

Nondurables

239.463 - 235.300 -2.1 -1.7 -

Nondurables less food

210.563 - 203.968 -4.2 -3.1 -

Services less rent of shelter(2)

316.407 - 315.185 0.4 -0.4 -

Services less medical care services

301.433 - 301.149 2.6 -0.1 -

Energy

197.027 196.032 189.112 -4.9 -4.0 -3.5

All items less energy

278.830 - 278.123 1.7 -0.3 -

All items less food and energy

280.661 - 280.002 2.0 -0.2 -

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.

- 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, July 11, 2019