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News Release Information

18-1171-ATL
Thursday, July 12, 2018

Contacts

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

Consumer Price Index, Miami-Fort Lauderdale-West Palm Beach – June 2018

Area prices up 0.5 percent over the two months and 4.2 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach was up 0.5 percent over the May-June pricing period, 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 0.4 percent and the energy index rose 2.4 percent over the two months. The food index inched up 0.1 percent over 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 increased 4.2 percent. The index for all items less food and energy also increased 4.2 percent over the year, while the energy index advanced 11.2 percent. The food index was up 1.0 percent since June 2017. (See chart 1 and table 1.)

Food

The food index inched up 0.1 percent over the May-June pricing period. The food at home and the food away from home indexes inched up 0.1-percent each over the two-month pricing period.

Since June 2017, the food index increased 1.0 percent. The index for food away from home rose 1.8 percent over the year, and the index for food at home was up 0.4 percent.

Energy

The energy index rose 2.4 percent over the May-June pricing period, reflecting a 4.4-percent increase in the motor fuel index. The electricity index inched down 0.1 percent over the two months.

Over the year, the energy index advanced 11.2 percent, fueled by a 21.6-percent increase in the motor fuel index. The electricity index was unchanged from June 2017.

All items less food and energy

The index for all items less food and energy was up 0.4 percent over the May-June pricing period, led by a 1.1 percent increase in the shelter index. In contrast, the apparel index declined 5.9 percent over the two months.

From June 2017 to June 2018, the index for all items less food and energy advanced 4.2 percent. The indexes for shelter and medical care contributed to the increase, up 4.0 and 10.8 percent, respectively.

Table A. Miami-Fort Lauderdale-West Palm Beach, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month20142015201620172018
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

February

1.21.60.30.40.21.61.34.02.63.2

April

0.72.50.80.50.71.4-0.52.8-0.13.5

June

-0.32.40.41.20.61.6-0.22.00.54.2

August

-0.12.40.01.30.01.60.32.3

October

0.42.20.21.10.51.91.02.7

December

-0.61.4-0.11.60.82.9-0.11.8

The Consumer Price Index for July 2018 is scheduled to be released on Friday, August 10, 2018.


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

IndexesPercent change from-
Apr.
2018
May
2018
Jun.
2018
Jun.
2017
Apr.
2018
May
2018

Expenditure category

All Items

264.696-265.9734.20.5-

All items (November 1977=100)

426.653-428.712---

Food and beverages

264.167-264.1881.10.0-

Food

266.564-266.8121.00.1-

Food at home

255.671255.320255.9750.40.10.3

Cereals and bakery products

274.362-280.175-2.1-

Meats, poultry, fish, and eggs

246.093-247.148-0.4-

Dairy and related products

215.901-218.621-1.3-

Fruits and vegetables

347.874-343.025--1.4-

Nonalcoholic beverages and beverage materials(1)

248.058-245.669--1.0-

Other food at home

212.189-212.043--0.1-

Food away from home

286.707-286.8721.80.1-

Alcoholic beverages

232.572-229.7613.2-1.2-

Housing

271.917-274.3173.40.9-

Shelter

311.477312.405314.9304.01.10.8

Rent of primary residence(2)

306.208307.132308.8713.80.90.6

Owners' equiv. rent of residences(2)(3)

313.349313.901316.6224.11.00.9

Owners' equiv. rent of primary residence(2)(3)

313.349313.901316.6224.11.00.9

Fuels and utilities

178.410-178.1811.0-0.1-

Household energy

152.877152.919152.6280.0-0.2-0.2

Energy services(2)

149.873149.891149.650-0.2-0.1-0.2

Electricity(2)

146.808146.808146.5920.0-0.1-0.1

Utility (piped) gas service(2)

------

Household furnishings and operations

160.012-158.981-0.5-0.6-

Apparel

149.069-140.2190.2-5.9-

Transportation

227.975-231.92210.91.7-

Private transportation

232.674-236.84112.21.8-

New and used motor vehicles(4)

116.207-117.376-1.0-

New vehicles(1)

227.531-228.066-0.2-

Used vehicles(1)

294.374-295.607-0.4-

Motor fuel

244.922254.773255.62421.64.40.3

Gasoline (all types)

242.080251.805252.62221.64.40.3

Unleaded regular(5)

239.004249.082249.50022.34.40.2

Unleaded midgrade(5)(6)

235.329241.140245.16416.54.21.7

Unleaded premium(5)

257.089263.886267.56616.54.11.4

Motor vehicle insurance(1)

888.890-887.478--0.2-

Medical Care

558.838-558.45810.8-0.1-

Recreation(4)

120.094-120.3930.10.2-

Education and communication(4)

119.706-120.140-0.60.4-

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

954.486-954.486-0.0-

Other goods and services

353.212-350.8951.5-0.7-

Commodity and service group

All Items

264.696-265.9734.20.5-

Commodities

207.741-207.4212.8-0.2-

Commodities less food & beverages

173.339-172.8564.1-0.3-

Nondurables less food & beverages

212.562-211.7046.9-0.4-

Durables

130.165-130.133-1.40.0-

Services

308.516-310.9555.00.8-

Special aggregate indexes

All items less medical care

252.254-253.5943.70.5-

All items less shelter

239.922-240.0734.40.1-

Commodities less food

175.665-175.0964.0-0.3-

Nondurables

240.881-240.4383.7-0.2-

Nondurables less food

213.816-212.8336.6-0.5-

Services less rent of shelter(3)

312.176-313.9776.60.6-

Services less medical care services

290.862-293.5124.00.9-

Energy

194.182198.611198.83011.22.40.1

All items less energy

272.634-273.5333.70.3-

All items less food and energy

273.565-274.5754.20.4-

Footnotes
(1) Index is on a November 1977=100 base.
(2) This index series was calculated using a Laspeyres estimator. All other item stratum index series were calculated using a geometric means estimator.
(3) Index is on a November 1982=100 base.
(4) Indexes on a December 1997=100 base.
(5) Special index based on a substantially smaller sample.
(6) 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 12, 2018