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errata

Index and average price data for electricity in Miami for January through November 2022 were incorrectly published in the database. The error also includes related aggregate data within Miami and several related areas. A list of affected series and the corrected indexes and average price values will be provided when they are available.

News Release Information

23-49-ATL
Thursday, January 12, 2023

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

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

Area prices up 9.9 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach rose 1.0 percent from October to December, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Victoria G. Lee noted that the index for all items less food and energy increased 2.0 percent over the bi-monthly period. This increase was partly offset by an 8.3-percent decline in the energy index. The food index continued to rise, increasing 0.6 percent from October to December. (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 9.9 percent for the 12 months ending in December. The index for all items less food and energy rose 10.4 percent over the last 12 months. The food index (+8.8 percent) and the energy index (+5.2 percent) also increased over the past year. (See chart 1 and table 1.)


Food

The food index rose 0.6 percent from October to December, reflecting a 3.4-percent increase in the food away from home index. The food at home index declined 0.6 percent over the bi-monthly period.

The food index advanced 8.8 percent for the 12 months ending in December. The food at home index rose 9.4 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 7.4 percent.

Energy

The energy index fell 8.3 percent from October to December, led by decreases in the electricity (-13.1 percent) and gasoline (-4.3 percent) indexes. The natural gas index also declined over the bi-monthly period, down 1.7 percent.

The energy index increased 5.2 percent for the 12 months ending in December, reflecting increases in the electricity (+16.7 percent) and natural gas (+11.9 percent) indexes. The gasoline index declined 2.3 percent over the last year.

All items less food and energy

The index for all items less food and energy rose 2.0 percent from October to December, led by a 3.9-percent increase in the shelter index. Within shelter, owners’ equivalent rent rose 3.8 percent over the bi-monthly period and rent of primary residence rose 3.1 percent. In contrast, the used cars and trucks index declined 5.2 percent from October to December.

The index for all items less food and energy advanced 10.4 percent for the 12 months ending in December. The shelter index rose 17.2 percent over the past year, reflecting increases in the owner’s equivalent rent (+17.3 percent) and rent of primary residence (+18.6 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 1.0 9.9

The Consumer Price Index for January 2023 is scheduled to be released on Tuesday, February 14, 2023, 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-
Oct.
2022
Nov.
2022
Dec.
2022
Dec.
2021
Oct.
2022
Nov.
2022

Expenditure category

All Items

319.077 - 322.210 9.9 1.0 -

All items (November 1977=100)

514.307 - 519.358 - - -

Food and beverages

308.458 - 309.946 8.4 0.5 -

Food

316.048 - 317.955 8.8 0.6 -

Food at home

302.852 304.457 300.934 9.4 -0.6 -1.2

Cereals and bakery products

383.292 - 387.592 17.6 1.1 -

Meats, poultry, fish, and eggs

292.240 - 292.807 4.4 0.2 -

Dairy and related products

261.770 - 270.214 12.7 3.2 -

Fruits and vegetables

343.159 - 343.796 7.8 0.2 -

Nonalcoholic beverages and beverage materials(1)

290.973 - 262.395 0.4 -9.8 -

Other food at home

261.582 - 260.787 14.6 -0.3 -

Food away from home

335.331 - 346.614 7.4 3.4 -

Alcoholic beverages

217.121 - 212.466 - -2.1 -

Housing

349.672 - 357.491 16.0 2.2 -

Shelter

400.119 408.501 415.770 17.2 3.9 1.8

Rent of primary residence

394.677 400.988 407.084 18.6 3.1 1.5

Owners' equiv. rent of residences(2)

404.243 413.493 419.440 17.3 3.8 1.4

Owners' equiv. rent of primary residence(2)

404.243 413.493 419.440 17.3 3.8 1.4

Fuels and utilities

236.573 - 212.376 13.7 -10.2 -

Household energy

211.829 211.328 184.034 16.8 -13.1 -12.9

Energy services

206.910 206.872 180.163 16.6 -12.9 -12.9

Electricity

203.019 203.019 176.429 16.7 -13.1 -13.1

Utility (piped) gas service

226.169 223.388 222.326 11.9 -1.7 -0.5

Household furnishings and operations

198.617 - 195.556 4.9 -1.5 -

Apparel

140.991 - 143.144 3.8 1.5 -

Transportation

268.746 - 263.241 0.7 -2.0 -

Private transportation

279.350 - 273.523 -0.3 -2.1 -

New and used motor vehicles(3)

135.642 - 132.818 -5.9 -2.1 -

New vehicles(1)

281.443 - 282.199 4.5 0.3 -

Used cars and trucks(1)

416.728 - 395.012 -9.8 -5.2 -

Motor fuel

301.903 312.403 288.881 -2.0 -4.3 -7.5

Gasoline (all types)

297.737 308.120 284.819 -2.3 -4.3 -7.6

Unleaded regular(4)

293.739 304.490 280.560 -2.6 -4.5 -7.9

Unleaded midgrade(4)(5)

294.248 301.753 284.313 -0.5 -3.4 -5.8

Unleaded premium(4)

317.737 324.543 307.603 -0.2 -3.2 -5.2

Medical Care

615.279 - 611.211 3.4 -0.7 -

Recreation(3)

131.667 - 132.309 4.4 0.5 -

Education and communication(3)

129.750 - 132.573 6.3 2.2 -

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

1,080.324 - 1,085.611 3.1 0.5 -

Other goods and services

432.105 - 443.654 8.0 2.7 -

Commodity and service group

All Items

319.077 - 322.210 9.9 1.0 -

Commodities

238.433 - 235.946 2.8 -1.0 -

Commodities less food & beverages

196.358 - 192.570 -0.3 -1.9 -

Nondurables less food & beverages

229.448 - 225.724 1.3 -1.6 -

Durables

159.641 - 156.034 -1.9 -2.3 -

Services

380.933 - 388.145 13.3 1.9 -

Special aggregate indexes

All items less medical care

306.415 - 309.815 10.4 1.1 -

All items less shelter

276.616 - 273.363 4.8 -1.2 -

Commodities less food

197.645 - 193.822 -0.2 -1.9 -

Nondurables

271.266 - 269.877 4.9 -0.5 -

Nondurables less food

228.744 - 224.975 1.2 -1.6 -

Services less rent of shelter(2)

362.479 - 357.703 7.1 -1.3 -

Services less medical care services

361.352 - 369.159 14.1 2.2 -

Energy

251.680 256.223 230.841 5.2 -8.3 -9.9

All items less energy

326.617 - 332.480 10.2 1.8 -

All items less food and energy

328.557 - 334.982 10.4 2.0 -

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, January 12, 2023