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News Release Information

20-1408-ATL
Tuesday, July 14, 2020

Contacts

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

Consumer Price Index, Miami-Fort Lauderdale-West Palm Beach – June 2020

Area prices up 0.7 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach rose 0.7 percent from April to June, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the food index increased 3.2 percent over the bi-monthly period. The index for all items less food and energy edged up 0.3 percent from April to June, while the energy index rose 1.1 percent. (Data in this report are not seasonally adjusted. Accordingly, bi-monthly changes may reflect the impact of seasonal influences.)

The all items CPI-U rose 0.7 percent for the 12 months ending in June, reflecting an 8.8-percent increase in the food index. The index for all items less food and energy increased 1.1 percent over the past 12 months, while the energy index fell 14.3 percent. (See chart 1 and table 1.)

Food

The food index rose 3.2 percent from April to June, reflecting a 5.5-percent increase in the food at home index. The food away from home index inched down 0.1 percent over the bi-monthly period.   

The food index advanced 8.8 percent for the 12 months ending in June, led by a 13.3 percent jump in the food at home index. The food away from home index also advanced over the past 12 months, up 2.8 percent.  

Energy

The energy index rose 1.1 percent from April to June, reflecting increases in the gasoline (2.0 percent) and the electricity (0.3 percent) indexes. In contrast, the utility (piped) gas service index declined 0.4 percent over the bi-monthly period.

The energy index fell 14.3 percent for the 12 months ending in June, led by a 22.4-percent fall in the gasoline index. The electricity index also declined, down 4.4 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 April to June. Motor vehicle insurance (10.9 percent), recreation (2.8 percent), and shelter (0.2 percent) were among the indexes to increase over the bi-monthly period.

The index for all items less food and energy increased 1.1 percent over the past 12 months. Several indexes increased over the year, including shelter (1.2 percent), medical care (3.5 percent), and recreation (4.6 percent). Apparel (-7.7 percent) and motor vehicle insurance (-7.0 percent) were among the indexes to decline over the past year.

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 2016 2017 2018 2019 2020
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

0.2 1.6 1.3 4.0 2.6 3.2 1.0 1.2 0.4 1.4

April

0.7 1.4 -0.5 2.8 -0.1 3.5 0.8 2.2 -1.0 -0.5

June

0.6 1.6 -0.2 2.0 0.5 4.2 -0.5 1.2 0.7 0.7

August

0.0 1.6 0.3 2.3 -0.3 3.6 0.4 1.9

October

0.5 1.9 1.0 2.7 0.8 3.4 0.4 1.5

December

0.8 2.9 -0.1 1.8 -0.6 2.9 -0.2 2.0

The Consumer Price Index for July 2020 is scheduled to be released on Wednesday, August 12, 2020.

Coronavirus (COVID-19) Impact on June 2020 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended since March 16, 2020. When possible, data normally collected by personal visit were collected either online or by phone. Additionally, data collection in June was affected by the temporary closing or limited operations of certain types of establishments. These factors resulted in an increase in the number of prices considered temporarily unavailable and imputed. While the CPI program attempted to collect as much data as possible, many indexes are based on smaller amounts of collected prices than usual, and a small number of indexes that are normally published were not published this month. Additional information is available at www.bls.gov/covid19/effects-of-covid-19-pandemic-on-consumer-price-index.htm.


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

Indexes Percent change from-
Apr.
2020
May
2020
Jun.
2020
Jun.
2019
Apr.
2020
May
2020

Expenditure category

All Items

269.237 - 271.072 0.7 0.7 -

All items (November 1977=100)

433.972 - 436.930 - - -

Food and beverages

279.711 - 287.204 8.7 2.7 -

Food

281.119 - 290.081 8.8 3.2 -

Food at home

271.402 279.703 286.304 13.3 5.5 2.4

Cereals and bakery products

309.999 - 323.575 12.6 4.4 -

Meats, poultry, fish, and eggs

255.869 - 295.451 26.1 15.5 -

Dairy and related products

246.071 - 248.877 10.2 1.1 -

Fruits and vegetables

354.154 - 364.119 8.5 2.8 -

Nonalcoholic beverages and beverage materials(1)

257.739 - 263.741 6.7 2.3 -

Other food at home

226.296 - 226.458 8.4 0.1 -

Food away from home

299.572 - 299.402 2.8 -0.1 -

Alcoholic beverages

- - - - - -

Housing

287.265 - 287.547 0.9 0.1 -

Shelter

330.818 332.049 331.630 1.2 0.2 -0.1

Rent of primary residence

324.861 325.866 325.126 0.6 0.1 -0.2

Owners' equiv. rent of residences(2)

334.755 336.314 335.991 1.3 0.4 -0.1

Owners' equiv. rent of primary residence(2)

334.755 336.314 335.991 1.3 0.4 -0.1

Fuels and utilities

176.857 - 177.255 -2.2 0.2 -

Household energy

147.800 121.391 148.250 -4.4 0.3 22.1

Energy services

145.370 119.193 145.786 -4.3 0.3 22.3

Electricity

142.305 116.117 142.735 -4.4 0.3 22.9

Utility (piped) gas service

184.039 183.510 183.240 - -0.4 -0.1

Household furnishings and operations

170.859 - 168.332 1.9 -1.5 -

Apparel

128.767 - 127.723 -7.7 -0.8 -

Transportation

201.834 - 205.756 -7.2 1.9 -

Private transportation

207.555 - 210.580 -7.1 1.5 -

New and used motor vehicles(3)

114.409 - 113.955 -0.2 -0.4 -

New vehicles(1)

233.685 - 234.481 1.0 0.3 -

Used cars and trucks(1)

297.625 - 292.276 -1.9 -1.8 -

Motor fuel

175.899 169.304 179.156 -22.4 1.9 5.8

Gasoline (all types)

173.485 167.070 177.003 -22.4 2.0 5.9

Unleaded regular(4)

168.986 162.288 172.658 -23.1 2.2 6.4

Unleaded midgrade(4)(5)

185.631 181.391 185.806 -18.5 0.1 2.4

Unleaded premium(4)

202.709 199.292 205.129 -17.2 1.2 2.9

Motor vehicle insurance(1)

739.853 - 820.294 -7.0 10.9 -

Medical Care

580.389 - 580.613 3.5 0.0 -

Recreation(3)

121.555 - 124.960 4.6 2.8 -

Education and communication(3)

123.225 - 122.528 2.2 -0.6 -

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

1,015.436 - 1,015.984 2.1 0.1 -

Other goods and services

359.491 - 357.906 -0.8 -0.4 -

Commodity and service group

All Items

269.237 - 271.072 0.7 0.7 -

Commodities

201.406 - 203.182 -0.3 0.9 -

Commodities less food & beverages

158.623 - 158.135 -5.6 -0.3 -

Nondurables less food & beverages

182.900 - 182.317 -9.8 -0.3 -

Durables

130.837 - 130.452 0.4 -0.3 -

Services

320.862 - 322.776 1.2 0.6 -

Special aggregate indexes

All items less medical care

256.086 - 257.985 0.5 0.7 -

All items less shelter

236.764 - 239.143 0.4 1.0 -

Commodities less food

162.244 - 161.502 -5.0 -0.5 -

Nondurables

231.425 - 234.484 -0.3 1.3 -

Nondurables less food

187.693 - 186.602 -8.5 -0.6 -

Services less rent of shelter(2)

314.880 - 318.419 1.0 1.1 -

Services less medical care services

301.644 - 303.473 0.8 0.6 -

Energy

160.308 142.890 162.026 -14.3 1.1 13.4

All items less energy

281.522 - 283.369 1.9 0.7 -

All items less food and energy

282.040 - 282.950 1.1 0.3 -

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: Tuesday, July 14, 2020