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News Release Information

22-890-ATL
Wednesday, May 11, 2022

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

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

Area prices up 9.6 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach rose 1.5 percent from February to April, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the bi-monthly increase was largely attributed to an 11.3-percent increase in the energy index. (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 9.6 percent for the 12 months ending in April. The index for all items less food and energy rose 7.5 percent over the past 12 months, while the energy index advanced 41.5 percent. The food index increased 4.4 percent over the past year. (See chart 1 and table 1.)


Food

The food index increased 2.2 percent from February to April, led by a 2.6-percent increase in the food at home index. The food away from home index also increased over the bi-monthly period, up 1.4 percent.

The food index increased 4.4 percent for the 12 months ending in April, reflecting an 8.0-percent increase in the food away from home index. The food at home index rose 1.5 percent over the past year.    

Energy

The energy index increased 11.3 percent from February to April, led by a 19.8-percent increase in the gasoline index. The utility (piped) gas index edged up 0.2 percent over the bi-monthly period, while the electricity index was unchanged.   

The energy index advanced 41.5 percent for the 12 months ending in April. The gasoline index increased 44.2 percent over the past year, and the electricity index increased 37.8 percent. The utility (piped) gas service index also contributed to the increase, up 11.2 percent over the past 12 months.

All items less food and energy

The index for all items less food and energy rose 0.3 percent from February to April, largely due to a 2.0-percent increase in the shelter index. The new and used motor vehicles index fell 5.1 percent over the bi-monthly period, reflecting a 2.5-percent decline in the used cars and trucks index. The apparel index also declined over the two-month period, down 9.1 percent.

The index for all items less food and energy advanced 7.5 percent for the 12 months ending in April, led by an 8.4-percent increase in the shelter index. The new and used motor vehicles index rose 11.7 percent over the past year, reflecting increases in the used cars and trucks (+22.1 percent) and the new vehicles (+17.5 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
Month20182019202020212022
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

February

2.63.21.01.20.41.40.81.43.39.8

April

-0.13.50.82.2-1.0-0.51.64.11.59.6

June

0.54.2-0.51.20.70.71.65.1

August

-0.33.60.41.91.01.40.24.2

October

0.83.40.41.50.11.01.55.7

December

-0.62.9-0.22.0-0.21.11.27.1

The Consumer Price Index for May 2022 is scheduled to be released on Friday, June 10, 2022, 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; 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-
Feb.
2022
Mar.
2022
Apr.
2022
Apr.
2021
Feb.
2022
Mar.
2022

Expenditure category

All Items

302.920-307.4209.61.5-

All items (November 1977=100)

488.265-495.518---

Food and beverages

289.604-295.6154.02.1-

Food

295.543-302.0194.42.2-

Food at home

278.905283.669286.0231.52.60.8

Cereals and bakery products

342.416-347.9476.41.6-

Meats, poultry, fish, and eggs

283.866-290.5766.92.4-

Dairy and related products

239.107-253.2160.25.9-

Fruits and vegetables

313.530-327.448-8.64.4-

Nonalcoholic beverages and beverage materials(1)

276.340-276.6460.90.1-

Other food at home

230.022-234.426-1.9-

Food away from home

324.200-328.8188.01.4-

Alcoholic beverages

221.513-221.027-1.4-0.2-

Housing

319.879-325.89510.51.9-

Shelter

361.799365.163368.8978.42.01.0

Rent of primary residence

352.890356.686360.3238.82.11.0

Owners' equiv. rent of residences(2)

363.537365.709368.3986.91.30.7

Owners' equiv. rent of primary residence(2)

363.537365.709368.3986.91.30.7

Fuels and utilities

231.516-232.36327.80.4-

Household energy

208.606209.171209.23037.60.30.0

Energy services

205.111205.104205.11737.40.00.0

Electricity

201.386201.386201.38637.80.00.0

Utility (piped) gas service

214.434213.922214.91311.20.20.5

Household furnishings and operations

190.426-196.19813.93.0-

Apparel

156.257-142.0122.7-9.1-

Transportation

271.020-278.36919.62.7-

Private transportation

283.754-290.48319.52.4-

New and used motor vehicles(3)

142.869-135.58211.7-5.1-

New vehicles(1)

270.492-272.78917.50.8-

Used cars and trucks(1)

447.191-436.01922.1-2.5-

Motor fuel

310.676372.167372.65644.320.00.1

Gasoline (all types)

307.353368.144368.24544.219.80.0

Unleaded regular(4)

304.326365.082364.65944.919.8-0.1

Unleaded midgrade(4)(5)

297.771353.787357.96341.220.21.2

Unleaded premium(4)

318.810377.237381.40038.519.61.1

Medical Care

594.555-594.3181.50.0-

Recreation(3)

131.239-132.9194.51.3-

Education and communication(3)

126.497-127.5512.40.8-

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

1,052.767-1,052.7673.00.0-

Other goods and services

420.099-411.48213.2-2.1-

Commodity and service group

All Items

302.920-307.4209.61.5-

Commodities

236.268-243.42712.93.0-

Commodities less food & beverages

200.512-207.60918.43.5-

Nondurables less food & beverages

235.778-252.60919.97.1-

Durables

161.908-161.24917.5-0.4-

Services

354.518-357.1608.10.7-

Special aggregate indexes

All items less medical care

290.495-295.16110.31.6-

All items less shelter

271.808-274.96710.51.2-

Commodities less food

201.822-208.77617.63.4-

Nondurables

266.049-278.23511.54.6-

Nondurables less food

234.975-250.94218.66.8-

Services less rent of shelter(2)

352.788-349.2407.7-1.0-

Services less medical care services

335.513-338.2318.80.8-

Energy

253.975282.453282.70941.511.30.1

All items less energy

308.365-310.1027.10.6-

All items less food and energy

310.595-311.6717.50.3-

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: Wednesday, May 11, 2022