Department of Labor Logo United States Department of Labor
Dot gov

The .gov means it's official.
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you're on a federal government site.

Https

The site is secure.
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

News Release Information

15-1832-ATL
Wednesday, September 16, 2015

Contacts

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

Consumer Price Index, Miami-Fort Lauderdale – August 2015

Area prices unchanged over the two months; up 1.3 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami was unchanged over the July-August pricing period, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the energy index declined 4.3 percent over the two months. The all items less food and energy index edged up 0.3 percent and the food index increased 1.1 percent during the two-month pricing period. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the CPI-U rose 1.3 percent. The index for all items less food and energy advanced 3.4 percent over the year reflecting annual increases in several categories, including shelter, medical care, apparel, and other goods and services. (See chart 1 and table 1.)

Food

Food prices rose 1.1 percent during the July-August pricing period, led by a 1.4-percent increase in the food at home index. Prices for food away from home were up 0.6 percent over the two months.

From August 2014 to August 2015, the food index advanced 2.3 percent, as prices increased for both food away from home (3.4 percent) and food at home (1.6 percent).

Energy

The energy index declined 4.3 percent during the two month pricing period, reflecting an 8.0-percent decrease in motor fuel prices since June. Prices for utility (piped) gas service were down 1.8 percent, while prices for electricity were unchanged.

Over the year, the energy index fell 16.8 percent largely due to a 26.1-percent drop in prices for motor fuel. Prices also declined over the year for both electricity (-4.1 percent) and utility (piped) gas service (-5.0 percent).

All items less food and energy

The index for all items less food and energy edged up 0.3 percent over the July-August pricing period, as price increases for several indexes including shelter (0.8 percent) and apparel (5.9 percent), were partially offset by a decline in the recreation index (-0.8 percent).

Over the year, the index for all items less food and energy advanced 3.4 percent. Price increases were noted for several categories including shelter (4.5 percent), medical care (6.1 percent), apparel (10.2 percent), and other goods and services (6.7 percent).

Table A. Miami metropolitan area CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month

 
201020112012201320142015
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

February

-0.20.91.12.21.02.91.51.91.21.60.30.4

April

0.10.91.84.00.92.0-0.20.90.72.50.80.5

June

-0.10.4-0.14.0-0.91.2-0.11.6-0.32.40.41.2

August

0.20.70.74.50.91.4-0.20.6-0.12.40.01.3

October

0.40.5-0.33.80.32.00.60.90.42.2--

December

0.60.9-0.13.1-0.71.40.21.9-0.61.4--

The Consumer Price Index for September 2015 is scheduled to be released on Thursday, October 15, 2015.


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 89 percent of the total population and (2) a CPI for Urban Wage Earners and Clerical Workers (CPI-W) which covers 28 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 87 urban areas across the country from about 6,000 housing units and approximately 24,000 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/homch17_a.htm.

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, Fl. consolidated area covered in this release is comprised of Broward and Miami-Dade 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, FL (1982-84=100 unless otherwise noted)
Item and Group

 
Indexes
 
Percent change from-
Jun.
2015
Jul.
2015
Aug.
2015
Aug.
2014
Jun.
2015
Jul.
2015

Expenditure category

 
 

All Items

246.245-246.3481.30.0-

All items (November 1977=100)

396.913-397.078---

Food and beverages

256.580-259.4592.21.1-

Food

259.252-262.1342.31.1-

Food at home

256.378256.831259.9971.61.41.2

Food away from home

266.691-268.3543.40.6-

Alcoholic beverages

219.386-222.3220.91.3-

Housing

246.268-247.6773.30.6-

Shelter

277.626278.375279.9094.50.80.6

Rent of primary residence (1)

270.360271.759273.8626.21.30.8

Owners' equiv. rent of residences (1) (2)

279.564280.656282.0453.80.90.5

Owners' equiv. rent of primary residence (1) (2)

279.564280.656282.0453.80.90.5

Fuels and utilities

171.515-171.423-3.7-0.1-

Household energy

149.553149.462149.451-4.4-0.10.0

Energy services (1)

146.439146.394146.408-4.10.00.0

Electricity (1)

142.961142.964142.977-4.10.00.0

Utility (piped) gas service (1)

205.708201.905201.909-5.0-1.80.0

Household furnishings and operations

162.812-160.059-0.5-1.7-

Apparel

143.031-151.49510.25.9-

Transportation

221.433-212.640-8.9-4.0-

Private transportation

224.079-216.051-8.7-3.6-

Motor fuel

249.471247.318229.448-26.1-8.0-7.2

Gasoline (all types)

246.546244.422226.752-26.1-8.0-7.2

Unleaded regular (3)

244.158241.857223.718-26.5-8.4-7.5

Unleaded midgrade (3) (4)

235.411233.412221.123-24.3-6.1-5.3

Unleaded premium (3)

256.064255.727242.072-22.7-5.5-5.3

Medical Care

455.954-457.3586.10.3-

Recreation (5)

115.452-114.4710.8-0.8-

Education and communication (5)

127.498-127.8980.20.3-

Other goods and services

337.519-340.1616.70.8-
 

Commodity and service group

 
 

All Items

246.245-246.3481.30.0-

Commodities

202.240-201.840-2.4-0.2-

Commodities less food & beverages

169.518-167.289-6.0-1.3-

Nondurables less food & beverages

202.847-200.397-7.8-1.2-

Durables

134.249-132.199-2.3-1.5-

Services

280.642-281.1033.30.2-
 

Special aggregate indexes

 
 

All items less medical care

237.068-237.1291.10.0-

All items less shelter

229.912-228.822-0.7-0.5-

Commodities less food

171.650-169.566-5.8-1.2-

Nondurables

231.546-231.774-2.40.1-

Nondurables less food

204.170-201.997-7.4-1.1-

Services less rent of shelter (2)

293.181-290.7741.5-0.8-

Services less medical care services

267.189-267.6183.10.2-

Energy

192.811191.871184.522-16.8-4.3-3.8

All items less energy

252.321-253.3693.20.4-

All items less food and energy

250.988-251.6953.40.3-

Footnotes
(1) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(2) Index is on a November 1982=100 base.
(3) Special index based on a substantially smaller sample.
(4) Indexes on a December 1993=100 base.
(5) Indexes on a December 1997=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: Wednesday, September 16, 2015