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.)

  

View Chart Data

Chart 1. Over-the-year percent change in CPI-U, Miami-Fort Lauderdale-West Palm Beach, FL, December 2021–December 2024

Month	All items	All items less food and energy
Dec 2021	7.1	6.0
Feb 2022	9.3	8.3
Apr 2022	9.1	7.5
Jun 2022	10.1	7.9
Aug 2022	10.2	9.3
Oct 2022	9.6	9.7
Dec 2022	9.9	10.4
Feb 2023	9.2	9.7
Apr 2023	9.0	10.5
Jun 2023	6.9	9.6
Aug 2023	7.8	8.6
Oct 2023	7.4	8.0
Dec 2023	5.7	6.2
Feb 2024	4.9	5.8
Apr 2024	4.5	5.8
Jun 2024	3.5	4.6
Aug 2024	2.6	4.0
Oct 2024	2.7	3.7
Dec 2024	2.8	3.4

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.

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.

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.

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).

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.