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.