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News Release Information

22-60-ATL
Wednesday, January 12, 2022

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

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

Area prices up 7.1 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach rose 1.2 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 also rose 1.2 percent over the bi-monthly period. The food index and the energy index increased from October to December, up 1.0 percent and 1.2 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 7.1 percent for the 12 months ending in December. The index for all items less food and energy rose 6.0 percent over the past 12 months, while the energy index advanced 29.3 percent. The food index increased 3.1 percent over the past year. (See chart 1 and table 1.)


Food

The food index rose 1.0 percent from October to December, led by a 1.5-percent increase in the food away from home index. The food at home index also increased over the bi-monthly period, up 0.6 percent.

The food index increased 3.1 percent for the 12 months ending in December, reflecting a 7.9-percent increase in the food away home index. In contrast, the food at home index edged down 0.3 percent over the past year.   

Energy

The energy index rose 1.2 percent from October to December. The gasoline index rose 2.0 percent over the bi-monthly period and the utility (piped) gas service index rose 3.6 percent. The electricity index was unchanged from October to December.

The energy index advanced 29.3 percent for the 12 months ending in December, led by a 50.6-percent spike in the gasoline index. The electricity and the utility (piped) gas service indexes also increased over the past year, up 5.9 percent and 9.5 percent, respectively.

All items less food and energy

The index for all items less food and energy rose 1.2 percent from October to December, largely due to a 1.3-percent increase in the shelter index. The new and used motor vehicles index rose 4.0 percent over the bi-monthly period, led by a 5.9-percent increase in the used cars and trucks index; the new vehicles index contributed to the increase, up 3.8 percent. The other goods and services index (9.3 percent) was among the indexes to increase from October to December. In contrast, the apparel index declined over the bi-monthly period, down 5.1 percent.

The index for all items less food and energy advanced 6.0 percent for the 12 months ending in December, led by a 4.9-percent increase in the shelter index. The new and used motor vehicles index rose 18.6 percent over the past year, reflecting increases in the used cars and trucks (37.2 percent) and the new vehicles (16.5 percent) indexes.

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 0.2 4.2

October

1.0 2.7 0.8 3.4 0.4 1.5 0.1 1.0 1.5 5.7

December

-0.1 1.8 -0.6 2.9 -0.2 2.0 -0.2 1.1 1.2 7.1

The Consumer Price Index for January 2022 is scheduled to be released on Thursday, February 10, 2022, at 8:30 a.m. (ET).

Coronavirus (COVID-19) Pandemic Impact on December 2021 Consumer Price Index Data

Data collection by personal visit for the Consumer Price Index (CPI) program has been suspended almost entirely 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.

For each month from March 2020 to December 2021, BLS has published a summary of the impact of the pandemic on the Consumer Price Index news release and data. The impact summary for December is available at www.bls.gov/covid19/consumer-price-index-covid19-impacts-december-2021.htm. Beginning with publication of January 2022 data in February 2022, this month-specific impact summary will be discontinued. However, information related to the impact of the pandemic will continue to be 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.
2021
Nov.
2021
Dec.
2021
Dec.
2020
Oct.
2021
Nov.
2021

Expenditure category

All Items

289.793 - 293.284 7.1 1.2 -

All items (November 1977=100)

467.107 - 472.733 - - -

Food and beverages

283.418 - 285.940 2.6 0.9 -

Food

289.565 - 292.345 3.1 1.0 -

Food at home

273.541 273.672 275.096 -0.3 0.6 0.5

Cereals and bakery products

326.251 - 329.662 4.6 1.0 -

Meats, poultry, fish, and eggs

285.501 - 280.399 3.4 -1.8 -

Dairy and related products

234.421 - 239.863 -1.3 2.3 -

Fruits and vegetables

327.722 - 319.067 -7.9 -2.6 -

Nonalcoholic beverages and beverage materials(1)

259.907 - 261.373 -4.2 0.6 -

Other food at home

215.528 - 227.574 1.5 5.6 -

Food away from home

317.929 - 322.647 7.9 1.5 -

Alcoholic beverages

211.021 - - - - -

Housing

304.341 - 308.144 5.4 1.2 -

Shelter

350.241 352.244 354.776 4.9 1.3 0.7

Rent of primary residence

339.577 341.062 343.250 3.7 1.1 0.6

Owners' equiv. rent of residences(2)

354.432 356.151 357.607 4.1 0.9 0.4

Owners' equiv. rent of primary residence(2)

354.432 356.151 357.607 4.1 0.9 0.4

Fuels and utilities

186.571 - 186.737 5.0 0.1 -

Household energy

157.339 157.469 157.527 6.3 0.1 0.0

Energy services

154.395 154.434 154.515 6.0 0.1 0.1

Electricity

151.203 151.203 151.203 5.9 0.0 0.0

Utility (piped) gas service

191.811 194.051 198.757 9.5 3.6 2.4

Household furnishings and operations

182.992 - 186.487 10.2 1.9 -

Apparel

145.372 - 137.959 0.6 -5.1 -

Transportation

257.566 - 261.421 23.2 1.5 -

Private transportation

267.609 - 274.432 23.7 2.5 -

New and used motor vehicles(3)

135.752 - 141.151 18.6 4.0 -

New vehicles(1)

260.086 - 269.991 16.5 3.8 -

Used cars and trucks(1)

413.645 - 437.894 37.2 5.9 -

Motor fuel

289.224 298.809 294.780 50.4 1.9 -1.3

Gasoline (all types)

286.019 295.558 291.628 50.6 2.0 -1.3

Unleaded regular(4)

282.889 292.330 288.084 51.8 1.8 -1.5

Unleaded midgrade(4)(5)

277.174 286.793 285.604 43.8 3.0 -0.4

Unleaded premium(4)

299.929 309.810 308.176 41.9 2.7 -0.5

Motor vehicle insurance(1)

965.589 - 965.589 9.3 0.0 -

Medical Care

588.759 - 591.075 3.0 0.4 -

Recreation(3)

123.793 - 126.723 2.8 2.4 -

Education and communication(3)

125.149 - 124.753 1.7 -0.3 -

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

1,052.778 - 1,052.767 3.0 0.0 -

Other goods and services

376.144 - 410.945 13.2 9.3 -

Commodity and service group

All Items

289.793 - 293.284 7.1 1.2 -

Commodities

226.744 - 229.531 12.8 1.2 -

Commodities less food & beverages

190.394 - 193.095 19.4 1.4 -

Nondurables less food & beverages

222.771 - 222.930 18.2 0.1 -

Durables

154.242 - 159.025 20.9 3.1 -

Services

338.639 - 342.681 4.7 1.2 -

Special aggregate indexes

All items less medical care

277.121 - 280.655 7.5 1.3 -

All items less shelter

257.938 - 260.877 8.8 1.1 -

Commodities less food

191.679 - 194.296 18.4 1.4 -

Nondurables

255.943 - 257.176 9.8 0.5 -

Nondurables less food

222.104 - 222.232 16.6 0.1 -

Services less rent of shelter(2)

330.483 - 333.871 4.5 1.0 -

Services less medical care services

319.405 - 323.404 4.9 1.3 -

Energy

216.746 221.150 219.360 29.3 1.2 -0.8

All items less energy

297.991 - 301.579 5.6 1.2 -

All items less food and energy

299.596 - 303.298 6.0 1.2 -

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 12, 2022