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News Release Information

20-52-ATL
Tuesday, January 14, 2020

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Technical information:
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Consumer Price Index, Miami-Fort Lauderdale-West Palm Beach – December 2019

Area prices down 0.2 percent since October; up 2.0 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach declined 0.2 percent from October to December, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the all items less food and energy index edged down 0.2 percent over the bi-monthly period. Since October, the food index declined 0.3 percent, while the energy index rose 0.2 percent. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

From December 2018 to December 2019, the all items CPI-U increased 2.0 percent. Over the year, the index for all items less food and energy advanced 2.3 percent and the energy index increased 2.8 percent. In contrast, the food index declined 0.8 percent over the past 12 months. (See chart 1 and table 1.)

Food

The food index edged down 0.3 percent from October to December, reflecting a 0.6-percent decrease in the food at home index. The food away from home index edged up 0.2 percent over the bi-monthly period.

The food index declined 0.8 percent for the 12 months ending December 2019. The food at home index fell 2.4 percent over the year, while the food away from home index rose 1.4 percent.  

Energy

The energy index rose 0.2 percent from October to December, led by a 0.5-percent increase in the gasoline index. The electricity index edged down 0.2 percent from October to December.  

Over the year, the energy index advanced 2.8 percent, reflecting a 4.0-percent increase in the gasoline index and a 1.5 percent increase in the electricity index.

All items less food and energy

The index for all items less food and energy edged down 0.2 percent from October to December. Several indexes declined over the bi-monthly period including apparel (-2.6 percent) and shelter (-0.2 percent). Medical care (0.7 percent) and new vehicles (1.7 percent) were among the indexes to increase from October to December.

From December 2018 to December 2019, the index for all items less food and energy advanced 2.3 percent as several indexes recorded increases, most notably shelter (2.2 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 0.4 1.9

October

0.2 1.1 0.5 1.9 1.0 2.7 0.8 3.4 0.4 1.5

December

-0.1 1.6 0.8 2.9 -0.1 1.8 -0.6 2.9 -0.2 2.0

The Consumer Price Index for January 2020 is scheduled to be released on Thursday, February 13, 2020.


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-
Oct.
2019
Nov.
2019
Dec.
2019
Dec.
2018
Oct.
2019
Nov.
2019

Expenditure category

All Items

271.381 - 270.918 2.0 -0.2 -

All items (November 1977=100)

437.429 - 436.682 - - -

Food and beverages

264.349 - 263.978 -0.5 -0.1 -

Food

266.584 - 265.870 -0.8 -0.3 -

Food at home

252.022 250.919 250.513 -2.4 -0.6 -0.2

Cereals and bakery products

278.892 - 281.170 -1.6 0.8 -

Meats, poultry, fish, and eggs

240.567 - 237.558 -2.3 -1.3 -

Dairy and related products

223.795 - 224.407 1.1 0.3 -

Fruits and vegetables

329.886 - 332.475 -3.5 0.8 -

Nonalcoholic beverages and beverage materials(1)

242.821 - 236.703 -6.4 -2.5 -

Other food at home

210.316 - 207.998 -1.1 -1.1 -

Food away from home

292.408 - 292.916 1.4 0.2 -

Alcoholic beverages

234.778 - 238.679 3.5 1.7 -

Housing

286.921 - 286.638 2.4 -0.1 -

Shelter

329.987 330.523 329.372 2.2 -0.2 -0.3

Rent of primary residence

322.758 323.011 322.307 2.7 -0.1 -0.2

Owners' equiv. rent of residences(2)

333.849 333.201 332.369 2.5 -0.4 -0.2

Owners' equiv. rent of primary residence(2)

333.849 333.201 332.369 2.5 -0.4 -0.2

Fuels and utilities

181.771 - 181.686 2.2 0.0 -

Household energy

153.395 139.650 153.253 1.4 -0.1 9.7

Energy services

150.683 136.957 150.450 1.4 -0.2 9.9

Electricity

147.673 134.016 147.442 1.5 -0.2 10.0

Utility (piped) gas service

- 181.002 181.002 - - 0.0

Household furnishings and operations

167.764 - 169.339 5.5 0.9 -

Apparel

143.837 - 140.030 5.9 -2.6 -

Transportation

222.471 - 221.683 0.9 -0.4 -

Private transportation

224.577 - 226.498 0.1 0.9 -

New and used motor vehicles(3)

113.716 - 114.821 -3.5 1.0 -

New vehicles(1)

232.026 - 235.900 0.7 1.7 -

Used cars and trucks(1)

295.308 - 292.350 -0.8 -1.0 -

Motor fuel

223.640 219.677 224.746 3.9 0.5 2.3

Gasoline (all types)

220.902 216.955 222.011 4.0 0.5 2.3

Unleaded regular(4)

216.959 212.749 218.052 4.2 0.5 2.5

Unleaded midgrade(4)(5)

223.451 221.507 224.558 4.2 0.5 1.4

Unleaded premium(4)

243.301 241.716 244.493 2.5 0.5 1.1

Motor vehicle insurance(1)

875.411 - 889.670 0.9 1.6 -

Medical Care

566.276 - 570.315 3.4 0.7 -

Recreation(3)

122.072 - 121.817 1.6 -0.2 -

Education and communication(3)

122.955 - 123.070 4.0 0.1 -

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

1,013.595 - 1,012.806 3.5 -0.1 -

Other goods and services

364.958 - 362.685 1.3 -0.6 -

Commodity and service group

All Items

271.381 - 270.918 2.0 -0.2 -

Commodities

204.113 - 204.066 1.0 0.0 -

Commodities less food & beverages

167.891 - 168.010 2.3 0.1 -

Nondurables less food & beverages

202.603 - 201.391 3.1 -0.6 -

Durables

130.164 - 131.946 0.9 1.4 -

Services

322.686 - 321.918 2.4 -0.2 -

Special aggregate indexes

All items less medical care

258.891 - 258.250 1.8 -0.2 -

All items less shelter

240.489 - 240.106 1.8 -0.2 -

Commodities less food

170.488 - 170.744 2.4 0.2 -

Nondurables

235.713 - 234.893 1.1 -0.3 -

Nondurables less food

204.639 - 203.756 3.1 -0.4 -

Services less rent of shelter(2)

320.559 - 319.562 2.5 -0.3 -

Services less medical care services

304.454 - 303.467 2.1 -0.3 -

Energy

184.952 175.568 185.368 2.8 0.2 5.6

All items less energy

281.106 - 280.544 1.9 -0.2 -

All items less food and energy

283.482 - 282.946 2.3 -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: Tuesday, January 14, 2020