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News Release Information

21-67-ATL
Wednesday, January 13, 2021

Contacts

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

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

Area prices up 1.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach declined 0.2 percent from October to December, the U.S. Bureau of Labor Statistics reported today. Regional Commissioner Janet S. Rankin noted that the index for all items less food and energy inched down 0.1 percent over the bi-monthly period, while the food index declined 0.5 percent. In contrast, the energy index edged up 0.2 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 rose 1.1 percent for the 12 months ending in December. The index for all items less food and energy increased 1.2 percent over the past year, while the food index advanced 6.7 percent. In contrast, the energy index fell 8.5 percent over the past 12 months. (See chart 1 and table 1.)

Food

The food index declined 0.5 percent from October to December, reflecting declines in the food at home (-0.7 percent) and food away from home (-0.1 percent) indexes.

The food index advanced 6.7 percent for the 12 months ending in December, led by a 10.1-percent jump in the food at home index. The food away from home index also increased over the past 12 months, up 2.1 percent.  

Energy

The energy index edged up 0.2 percent from October to December, reflecting a 0.4-percent increase in the gasoline index. In contrast, the utility (piped) gas service index declined 0.4 percent over the bi-monthly period. The electricity index was unchanged from October to December.

The energy index fell 8.5 percent for the 12 months ending in December, led by a 12.8-percent decline in the gasoline index. The electricity index also declined, down 3.2 percent over the past 12 months, while the utility (piped) gas service index edged up 0.3 percent.

All items less food and energy

The index for all items less food and energy inched down 0.1 percent from October to December, led by declines in the apparel (-6.2 percent) and medical care (-0.9 percent) indexes. Shelter (0.5 percent) was among the indexes to increase over the bi-monthly period.

The index for all items less food and energy advanced 1.2 percent for the 12 months ending in December, reflecting a 2.7-percent increase in the shelter index.   

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 1.0 1.4

October

0.5 1.9 1.0 2.7 0.8 3.4 0.4 1.5 0.1 1.0

December

0.8 2.9 -0.1 1.8 -0.6 2.9 -0.2 2.0 -0.2 1.1

The Consumer Price Index for January 2021 is scheduled to be released on Wednesday, February 10, 2021.

Coronavirus (COVID-19) Pandemic Impact on December 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 December 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 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

Indexes Percent change from-
Oct.
2020
Nov.
2020
Dec.
2020
Dec.
2019
Oct.
2020
Nov.
2020

Expenditure category

All Items

274.193 - 273.774 1.1 -0.2 -

All items (November 1977=100)

441.961 - 441.286 - - -

Food and beverages

282.217 - 278.747 5.6 -1.2 -

Food

284.896 - 283.593 6.7 -0.5 -

Food at home

277.940 273.878 275.888 10.1 -0.7 0.7

Cereals and bakery products

322.948 - 315.277 12.1 -2.4 -

Meats, poultry, fish, and eggs

267.487 - 271.144 14.1 1.4 -

Dairy and related products

250.234 - 242.950 8.3 -2.9 -

Fruits and vegetables

364.852 - 346.464 4.2 -5.0 -

Nonalcoholic beverages and beverage materials(1)

262.936 - 272.843 15.3 3.8 -

Other food at home

223.646 - 224.118 7.8 0.2 -

Food away from home

299.101 - 298.949 2.1 -0.1 -

Alcoholic beverages

- - 220.721 -7.5 - -

Housing

291.210 - 292.490 2.0 0.4 -

Shelter

336.448 337.226 338.167 2.7 0.5 0.3

Rent of primary residence

329.551 330.119 330.959 2.7 0.4 0.3

Owners' equiv. rent of residences(2)

341.869 342.656 343.591 3.4 0.5 0.3

Owners' equiv. rent of primary residence(2)

341.869 342.656 343.591 3.4 0.5 0.3

Fuels and utilities

177.944 - 177.904 -2.1 0.0 -

Household energy

148.259 148.202 148.240 -3.3 0.0 0.0

Energy services

145.771 145.765 145.757 -3.1 0.0 0.0

Electricity

142.735 142.735 142.735 -3.2 0.0 0.0

Utility (piped) gas service

182.384 182.070 181.593 0.3 -0.4 -0.3

Household furnishings and operations

168.902 - 169.185 -0.1 0.2 -

Apparel

146.245 - 137.118 -2.1 -6.2 -

Transportation

211.319 - 212.163 -4.3 0.4 -

Private transportation

219.273 - 221.883 -2.0 1.2 -

New and used motor vehicles(3)

118.921 - 119.004 3.6 0.1 -

New vehicles(1)

234.227 - 231.660 -1.8 -1.1 -

Used cars and trucks(1)

327.894 - 319.163 9.2 -2.7 -

Motor fuel

195.119 187.114 196.014 -12.8 0.5 4.8

Gasoline (all types)

192.878 184.891 193.704 -12.8 0.4 4.8

Unleaded regular(4)

188.774 180.622 189.788 -13.0 0.5 5.1

Unleaded midgrade(4)(5)

199.599 192.766 198.597 -11.6 -0.5 3.0

Unleaded premium(4)

217.873 211.851 217.191 -11.2 -0.3 2.5

Motor vehicle insurance(1)

816.803 - 883.119 -0.7 8.1 -

Medical Care

578.907 - 573.943 0.6 -0.9 -

Recreation(3)

124.872 - 123.309 1.2 -1.3 -

Education and communication(3)

123.347 - 122.641 -0.3 -0.6 -

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

1,022.718 - 1,021.799 0.9 -0.1 -

Other goods and services

360.165 - 363.068 0.1 0.8 -

Commodity and service group

All Items

274.193 - 273.774 1.1 -0.2 -

Commodities

207.387 - 203.480 -0.3 -1.9 -

Commodities less food & beverages

165.511 - 161.700 -3.8 -2.3 -

Nondurables less food & beverages

192.950 - 188.609 -6.3 -2.2 -

Durables

134.694 - 131.505 -0.3 -2.4 -

Services

325.233 - 327.159 1.6 0.6 -

Special aggregate indexes

All items less medical care

261.301 - 261.071 1.1 -0.1 -

All items less shelter

241.365 - 239.812 -0.1 -0.6 -

Commodities less food

168.595 - 164.057 -3.9 -2.7 -

Nondurables

238.317 - 234.259 -0.3 -1.7 -

Nondurables less food

196.410 - 190.650 -6.4 -2.9 -

Services less rent of shelter(2)

317.340 - 319.594 0.0 0.7 -

Services less medical care services

306.179 - 308.346 1.6 0.7 -

Energy

169.246 165.597 169.640 -8.5 0.2 2.4

All items less energy

286.023 - 285.512 1.8 -0.2 -

All items less food and energy

286.644 - 286.237 1.2 -0.1 -

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 13, 2021