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News Release Information

21-1333-ATL
Tuesday, July 13, 2021

Contacts

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

Consumer Price Index, Miami-Fort Lauderdale-West Palm Beach – June 2021

Area prices up 5.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach rose 1.6 percent from April to June, 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 rose 1.4 percent over the bi-monthly period. The food index and the energy index also increased over the bi-monthly period, up 1.9 percent and 2.7 percent, respectively. (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 5.1 percent for the 12 months ending in June. The index for all items less food and energy rose 3.9 percent over the past 12 months, while the energy index advanced 26.7 percent. The food index also increased over the past year, up 1.7 percent. (See chart 1 and table 1.)


Food

The food index rose 1.9 percent from April to June, reflecting increases in the food away from home (2.9 percent) and the food at home (1.3 percent) indexes.

The food index increased 1.7 percent for the 12 months ending in June. The food away from home index rose 4.7 percent over the last 12 months, while the food at home index edged down 0.3 percent.  

Energy

The energy index rose 2.7 percent from April to June, reflecting increases in the electricity (3.4 percent) and gasoline (2.3 percent) indexes. The utility (piped) gas service index declined 0.9 percent over the bi-monthly period.

The energy index jumped 26.7 percent for the 12 months ending in June, led by a 47.6-percent spike in the gasoline index. Over the past year, the electricity and the utility (piped) gas service indexes also increased, up 5.9 percent and 4.5 percent, respectively.

All items less food and energy

The index for all items less food and energy rose 1.4 percent from April to June. Several indexes noted increases, including used cars and trucks (18.0 percent) and shelter (0.9 percent). In contrast, the medical care index declined over the bi-monthly period, down 1.0 percent.

The index for all items less food and energy advanced 3.9 percent for the 12 months ending in June. Indexes contributing to the over-the-year increase include shelter (3.5 percent) and used cars and trucks (44.1 percent). The medical care index edged down 0.2 percent over the past 12 months.  

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 2017 2018 2019 2020 2021
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

1.3 4.0 2.6 3.2 1.0 1.2 0.4 1.4 0.8 1.4

April

-0.5 2.8 -0.1 3.5 0.8 2.2 -1.0 -0.5 1.6 4.1

June

-0.2 2.0 0.5 4.2 -0.5 1.2 0.7 0.7 1.6 5.1

August

0.3 2.3 -0.3 3.6 0.4 1.9 1.0 1.4

October

1.0 2.7 0.8 3.4 0.4 1.5 0.1 1.0

December

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

The Consumer Price Index for July 2021 is scheduled to be released on Wednesday, August 11, 2021.

Coronavirus (COVID-19) Pandemic Impact on June 2021 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 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-
Apr.
2021
May
2021
Jun.
2021
Jun.
2020
Apr.
2021
May
2021

Expenditure category

All Items

280.390 - 284.797 5.1 1.6 -

All items (November 1977=100)

451.950 - 459.053 - - -

Food and beverages

284.357 - 289.526 0.8 1.8 -

Food

289.397 - 295.025 1.7 1.9 -

Food at home

281.902 284.104 285.426 -0.3 1.3 0.5

Cereals and bakery products

327.021 - 323.504 0.0 -1.1 -

Meats, poultry, fish, and eggs

271.736 - 289.493 -2.0 6.5 -

Dairy and related products

252.603 - 247.145 -0.7 -2.2 -

Fruits and vegetables

358.225 - - - - -

Nonalcoholic beverages and beverage materials(1)

274.050 - 276.951 5.0 1.1 -

Other food at home

- - - - - -

Food away from home

304.495 - 313.461 4.7 2.9 -

Alcoholic beverages

224.107 - 224.148 - 0.0 -

Housing

294.903 - 297.906 3.6 1.0 -

Shelter

340.192 341.744 343.169 3.5 0.9 0.4

Rent of primary residence

331.070 331.433 332.098 2.1 0.3 0.2

Owners' equiv. rent of residences(2)

344.682 345.336 346.855 3.2 0.6 0.4

Owners' equiv. rent of primary residence(2)

344.682 345.336 346.855 3.2 0.6 0.4

Fuels and utilities

181.761 - 185.798 4.8 2.2 -

Household energy

152.037 157.122 157.126 6.0 3.3 0.0

Energy services

149.326 154.326 154.300 5.8 3.3 0.0

Electricity

146.105 151.114 151.114 5.9 3.4 0.0

Utility (piped) gas service

193.244 192.952 191.498 4.5 -0.9 -0.8

Household furnishings and operations

172.261 - 174.478 3.7 1.3 -

Apparel

138.328 - 138.453 8.4 0.1 -

Transportation

232.679 - 247.027 20.1 6.2 -

Private transportation

243.047 - 255.664 21.4 5.2 -

New and used motor vehicles(3)

121.382 - - - - -

New vehicles(1)

232.185 - - - - -

Used cars and trucks(1)

357.109 - 421.239 44.1 18.0 -

Motor fuel

258.284 259.882 264.095 47.4 2.2 1.6

Gasoline (all types)

255.415 257.023 261.169 47.6 2.3 1.6

Unleaded regular(4)

251.606 253.372 257.522 49.2 2.4 1.6

Unleaded midgrade(4)(5)

253.505 253.490 257.425 38.5 1.5 1.6

Unleaded premium(4)

275.298 275.700 279.644 36.3 1.6 1.4

Motor vehicle insurance(1)

922.354 - 922.354 12.4 0.0 -

Medical Care

585.347 - 579.432 -0.2 -1.0 -

Recreation(3)

127.168 - 125.711 0.6 -1.1 -

Education and communication(3)

124.592 - 124.974 2.0 0.3 -

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

1,021.799 - 1,043.122 2.7 2.1 -

Other goods and services

363.495 - 368.054 2.8 1.3 -

Commodity and service group

All Items

280.390 - 284.797 5.1 1.6 -

Commodities

215.530 - 221.063 8.8 2.6 -

Commodities less food & beverages

175.365 - 180.666 14.2 3.0 -

Nondurables less food & beverages

210.749 - 210.502 15.5 -0.1 -

Durables

137.254 - 147.129 12.8 7.2 -

Services

330.253 - 333.996 3.5 1.1 -

Special aggregate indexes

All items less medical care

267.482 - 272.309 5.6 1.8 -

All items less shelter

248.870 - 254.039 6.2 2.1 -

Commodities less food

177.456 - 182.615 13.1 2.9 -

Nondurables

249.481 - 251.680 7.3 0.9 -

Nondurables less food

211.634 - 211.404 13.3 -0.1 -

Services less rent of shelter(2)

324.318 - 329.227 3.4 1.5 -

Services less medical care services

310.884 - 315.174 3.9 1.4 -

Energy

199.863 203.365 205.271 26.7 2.7 0.9

All items less energy

289.442 - 293.733 3.7 1.5 -

All items less food and energy

289.925 - 294.047 3.9 1.4 -

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 13, 2021