News Release Information

18-1822-ATL
Wednesday, November 14, 2018

Contacts

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

Consumer Price Index, Miami-Fort Lauderdale-West Palm Beach – October 2018

Area prices up 0.8 percent over the two months and 3.4 percent over the year

The Consumer Price Index for All Urban Consumers (CPI-U) for Miami-Fort Lauderdale-West Palm Beach was up 0.8 percent over the September-October pricing period, 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 increased 1.2 percent and the energy index rose 0.3 percent over the two months. The food index declined 1.1 percent over the two-month pricing period. (Data in this report are not seasonally adjusted. Accordingly, month-to-month changes may reflect the impact of seasonal influences.)

Over the last 12 months, the all items CPI-U increased 3.4 percent. The index for all items less food and energy rose 3.9 percent over the year, while the energy index advanced 5.0 percent. The food index edged down 0.2 percent since October 2017. (See chart 1 and table 1.)

Food

The food index decreased 1.1 percent over the September-October pricing period, reflecting declines in the food at home (-1.1 percent) and the food away from home (-1.0 percent) indexes.

Since October 2017, the food index edged down 0.2 percent, led by a 1.0-percent decrease in the food at home index. The food away from home index increased 0.8 percent over the 12 months.

Energy

The energy index was up 0.3 percent over the September-October pricing period, reflecting a 0.8-percent increase in the motor fuel index. The electricity index edged down 0.3 percent over the two months.

Over the year, the energy index advanced 5.0 percent, fueled by a 9.5-percent increase in the motor fuel index. The electricity index was down 0.7 percent from October 2017.

All items less food and energy

The index for all items less food and energy was up 1.2 percent over the September-October pricing period, reflecting increases in the shelter (1.4 percent) and the apparel (4.9 percent) indexes.

From October 2017 to October 2018, the index for all items less food and energy advanced 3.9 percent. The indexes for shelter and medical care contributed to the increase, up 3.4 and 10.3 percent, respectively.

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 2014 2015 2016 2017 2018
2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month 2-month 12-month

February

1.2 1.6 0.3 0.4 0.2 1.6 1.3 4.0 2.6 3.2

April

0.7 2.5 0.8 0.5 0.7 1.4 -0.5 2.8 -0.1 3.5

June

-0.3 2.4 0.4 1.2 0.6 1.6 -0.2 2.0 0.5 4.2

August

-0.1 2.4 0.0 1.3 0.0 1.6 0.3 2.3 -0.3 3.6

October

0.4 2.2 0.2 1.1 0.5 1.9 1.0 2.7 0.8 3.4

December

-0.6 1.4 -0.1 1.6 0.8 2.9 -0.1 1.8

The Consumer Price Index for November 2018 is scheduled to be released on Wednesday, December 12, 2018.


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-
Aug.
2018
Sep.
2018
Oct.
2018
Oct.
2017
Aug.
2018
Sep.
2018

Expenditure category

All Items

265.062 - 267.280 3.4 0.8 -

All items (November 1977=100)

427.244 - 430.818 - - -

Food and beverages

264.395 - 262.282 0.2 -0.8 -

Food

266.835 - 263.976 -0.2 -1.1 -

Food at home

254.676 252.647 251.858 -1.0 -1.1 -0.3

Cereals and bakery products

269.691 - 266.160 - -1.3 -

Meats, poultry, fish, and eggs

244.452 - 245.621 - 0.5 -

Dairy and related products

221.293 - 215.040 - -2.8 -

Fruits and vegetables

342.707 - 347.892 - 1.5 -

Nonalcoholic beverages and beverage materials(1)

251.912 - 230.868 - -8.4 -

Other food at home

210.750 - 211.218 - 0.2 -

Food away from home

288.941 - 285.983 0.8 -1.0 -

Alcoholic beverages

232.265 - 239.459 6.7 3.1 -

Housing

274.293 - 277.971 2.9 1.3 -

Shelter

314.784 315.783 319.132 3.4 1.4 1.1

Rent of primary residence

309.482 310.391 311.977 3.2 0.8 0.5

Owners' equiv. rent of residences(2)

318.199 318.855 321.697 3.7 1.1 0.9

Owners' equiv. rent of primary residence(2)

318.199 318.855 321.697 3.7 1.1 0.9

Fuels and utilities

177.307 - 177.863 0.0 0.3 -

Household energy

151.674 151.215 151.202 -0.7 -0.3 0.0

Energy services

148.697 148.321 148.355 -0.7 -0.2 0.0

Electricity

145.729 145.326 145.326 -0.7 -0.3 0.0

Utility (piped) gas service

- - - - - -

Household furnishings and operations

160.698 - 164.110 1.1 2.1 -

Apparel

136.825 - 143.474 -0.9 4.9 -

Transportation

227.699 - 229.165 6.8 0.6 -

Private transportation

235.032 - 234.781 8.0 -0.1 -

New and used motor vehicles(3)

115.716 - 116.154 - 0.4 -

New vehicles(1)

226.916 - 228.168 - 0.6 -

Used vehicles(1)

299.712 - 291.395 - -2.8 -

Motor fuel

251.977 250.279 254.019 9.5 0.8 1.5

Gasoline (all types)

249.045 247.339 250.999 9.5 0.8 1.5

Unleaded regular(4)

245.630 243.895 247.681 9.7 0.8 1.6

Unleaded midgrade(4)(5)

243.887 241.526 244.719 7.8 0.3 1.3

Unleaded premium(4)

266.395 265.218 267.583 8.2 0.4 0.9

Motor vehicle insurance(1)

896.254 - 882.122 - -1.6 -

Medical Care

555.906 - 557.714 10.3 0.3 -

Recreation(3)

121.017 - 119.893 1.2 -0.9 -

Education and communication(3)

120.389 - 121.018 0.5 0.5 -

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

976.790 - 978.856 - 0.2 -

Other goods and services

353.246 - 358.934 3.0 1.6 -

Commodity and service group

All Items

265.062 - 267.280 3.4 0.8 -

Commodities

206.405 - 207.407 1.4 0.5 -

Commodities less food & beverages

171.252 - 173.798 2.3 1.5 -

Nondurables less food & beverages

209.617 - 213.666 3.7 1.9 -

Durables

129.078 - 129.833 -0.5 0.6 -

Services

310.110 - 313.225 4.4 1.0 -

Special aggregate indexes

All items less medical care

252.751 - 254.978 2.9 0.9 -

All items less shelter

238.770 - 239.882 3.4 0.5 -

Commodities less food

173.640 - 176.356 2.4 1.6 -

Nondurables

239.438 - 240.545 1.8 0.5 -

Nondurables less food

211.041 - 215.291 3.9 2.0 -

Services less rent of shelter(2)

312.107 - 313.464 6.2 0.4 -

Services less medical care services

292.767 - 295.934 3.5 1.1 -

Energy

196.670 195.657 197.322 5.0 0.3 0.9

All items less energy

272.762 - 275.155 3.3 0.9 -

All items less food and energy

273.668 - 276.961 3.9 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, November 14, 2018