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News Release Information

25-41-ATL
Wednesday, January 15, 2025

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

Consumer Price Index, Miami-Fort Lauderdale-West Palm Beach — December 2024

Area prices rose 2.8 percent over the past 12 months

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach declined 0.1 percent from October to December, the U.S. Bureau of Labor Statistics reported today. (See table A.) Regional Commissioner Victoria G. Lee noted that several indexes contributed to the bi-monthly all items index decrease, including household furnishings and operations, food at home, and gasoline. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U increased 2.8 percent for the 12 months ending in December. (See chart 1 and table A.) The index for all items less food and energy advanced 3.4 percent over the past year. The food index also increased over the last 12 months, up 3.2 percent. In contrast, the energy index fell 5.4 percent over the past year. (See table 1.)


Food

The food index declined 0.2 percent from October to December, reflecting a 1.6-percent fall in the food at home index. In contrast, the index for food away from home rose 3.0 percent over the bi-monthly period. Within the food at home index, four of the six major grocery store food group indexes declined over the bi-monthly period, most notable, fruits and vegetables (-4.8 percent) and cereals and bakery products (-5.9 percent).

The food index increased 3.2 percent for the 12 months ending in December. The food away home index rose 5.4 percent over the past 12 months, while the index for food at home increased 2.2 percent over the same period. Five of the six major grocery store food group indexes increased over the past year, including nonalcoholic beverages and beverage materials (+7.5 percent) and dairy and related products (+10.0 percent). In comparison, the index for meats, poultry, fish, and eggs declined 0.9 percent over the past 12 months.

Energy

The energy index declined 0.9 percent from October to December, reflecting a 1.9-pecent decline in the gasoline index. The electricity index rose 0.3 percent over the bi-monthly period, as did the natural gas index.

The energy index fell 5.4 percent for the 12 months ending in December, led by a 10.2 percent decline in the electricity index. The gasoline (-1.3 percent) and natural gas (-1.7 percent) indexes also declined over the past year.

All items less food and energy

The index for all items less food and energy was unchanged from October to December. The index for shelter increased 0.5 percent over the bi-monthly period. The indexes for owners’ equivalent rent (+0.2 percent) and rent of primary residence (+0.5 percent) also increased from October to December. Other notable indexes to increase from October to December include education and communication (+0.8 percent) and medical care (+0.7 percent). Notable indexes to decline over the two-month period include household furnishing and operations (-3.0 percent) and apparel (-2.4 percent).

The index for all items less food and energy advanced 3.4 percent for the 12 months ending in December. The shelter index increased 4.5 percent over the last year and was the largest contributor to the total 12-month increase in the all items less food and energy index. The index for owners’ equivalent rose 4.8 percent over the past 12 months, as did the index for rent of primary residence.

Table A. Miami-Fort Lauderdale-West Palm Beach, FL, CPI-U 2-month and 12-month percent changes, all items index, not seasonally adjusted
Month20202021202220232024
2-month12-month2-month12-month2-month12-month2-month12-month2-month12-month

February

0.41.40.81.42.89.32.19.21.44.9

April

-1.0-0.51.64.11.59.11.49.01.04.5

June

0.70.71.65.12.510.10.56.9-0.43.5

August

1.01.40.24.20.410.21.27.80.32.6

October

0.11.01.55.70.99.60.57.40.62.7

December

-0.21.11.27.11.49.9-0.25.7-0.12.8

The Miami-Fort Lauderdale-West Palm Beach Consumer Price Index for February 2025 is scheduled to be released on Wednesday, March 12, 2025, at 8:30 a.m. (ET).

Notice Regarding Ceasing Publication of Utility Indexes

With the publication of January 2025 data in February 2025, several indexes and average price series will be discontinued.

The following CPI indexes will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity
  • Utility (piped) gas (often referred to as natural gas)
  • Energy services
  • Fuels and utilities
  • Household energy

The following CPI average price series will continue to be published at the national level, but will be discontinued for all metropolitan areas, census divisions, and regional size classes:

  • Electricity per KWH
  • Utility (piped) gas per therm

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 Consumer Price Index for Miami is published bi-monthly. The set of components and sub-aggregates published for regional and metropolitan indexes is more limited than at the U.S. city average level; these indexes are byproducts of the national CPI program. Each local index has a much smaller sample size than the national or regional indexes and is, therefore, subject to substantially more sampling and other measurement error. As a result, local-area indexes are more volatile than the national or regional indexes. In addition, local indexes are not adjusted for seasonal influences. 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 is comprised of Broward County, Miami-Dade County, and Palm Beach County.

Refer to the national CPI news release technical note or the Handbook of Methods for more information.

Information in this release will be made available to individuals with sensory impairments 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

IndexesPercent change from-
Oct.
2024
Nov.
2024
Dec.
2024
Dec.
2023
Oct.
2024
Nov.
2024

Expenditure category

All Items

350.300-350.0982.8-0.1-

All items (November 1977=100)

564.635-564.310---

Food and beverages

329.653-328.8353.0-0.2-

Food

337.509-336.9143.2-0.2-

Food at home

317.454314.060312.4462.2-1.6-0.5

Cereals and bakery products

418.083394.807393.4030.3-5.9-0.4

Meats, poultry, fish, and eggs

300.475309.589298.012-0.9-0.8-3.7

Dairy and related products

262.920252.181269.93010.02.77.0

Fruits and vegetables

365.668361.548348.1460.5-4.8-3.7

Nonalcoholic beverages and beverage materials(1)

325.370327.973328.4897.51.00.2

Other food at home

266.160258.745263.9982.0-0.82.0

Food away from home

374.612-385.9215.43.0-

Alcoholic beverages

231.788-229.2991.0-1.1-

Housing

397.677-398.6073.10.2-

Shelter

469.241472.321471.6834.50.5-0.1

Rent of primary residence

467.321469.140469.6334.80.50.1

Owners' equiv. rent of residences(2)

474.658475.467475.7994.80.20.1

Owners' equiv. rent of primary residence(2)

474.658475.467475.7994.80.20.1

Fuels and utilities

215.065-216.678-6.80.8-

Household energy

183.603184.080184.151-9.80.30.0

Energy services

180.060180.562180.571-10.00.30.0

Electricity

176.064176.561176.561-10.20.30.0

Utility (piped) gas service

229.945230.274230.702-1.70.30.2

Household furnishings and operations

201.201-195.255-2.1-3.0-

Apparel

164.631-160.727-0.8-2.4-

Transportation

280.041-277.5792.4-0.9-

Private transportation

288.170-286.7311.2-0.5-

New and used motor vehicles(3)

130.247-129.7230.6-0.4-

New vehicles(1)

278.691-279.885-1.20.4-

Used cars and trucks(1)

369.399-372.017-3.60.7-

Motor fuel

279.723277.207274.469-1.5-1.9-1.0

Gasoline (all types)

277.142274.594271.790-1.3-1.9-1.0

Unleaded regular(4)

272.713270.335267.518-1.2-1.9-1.0

Unleaded midgrade(4)(5)

278.727277.140274.563-1.6-1.5-0.9

Unleaded premium(4)

302.020298.233295.550-2.2-2.1-0.9

Medical Care

629.501-633.6274.10.7-

Recreation(3)

140.158-139.6672.2-0.4-

Education and communication(3)

133.366-134.4690.50.8-

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

1,176.218-1,176.2183.60.0-

Other goods and services

489.502-488.6764.6-0.2-

Commodity and service group

All Items

350.300-350.0982.8-0.1-

Commodities

245.003-243.0610.7-0.8-

Commodities less food & beverages

197.020-194.791-0.7-1.1-

Nondurables less food & beverages

238.062-234.5750.2-1.5-

Durables

155.351-154.033-1.4-0.8-

Services

430.417-431.6973.90.3-

Special aggregate indexes

All items less medical care

337.944-337.6052.8-0.1-

All items less shelter

288.048-286.6181.6-0.5-

Commodities less food

198.880-196.636-0.6-1.1-

Nondurables

286.019-283.8311.8-0.8-

Nondurables less food

237.994-234.5980.3-1.4-

Services less rent of shelter(2)

383.426-383.0522.7-0.1-

Services less medical care services

412.132-413.2053.90.3-

Energy

227.838226.957225.752-5.4-0.9-0.5

All items less energy

363.731-363.7133.40.0-

All items less food and energy

367.850-367.9193.40.0-

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: Wednesday, January 15, 2025