S. Fla. CPI drops along with national index
South Florida Business Journal
Consumer prices for Miami-Fort Lauderdale dropped 0.8 percent in the September-October period, slightly less than the national consumer price index, which plummeted 1 percent – the biggest drop since the U.S. Department of Labor started keeping track in 1947.
Lower costs for transportation were partially offset by higher costs for recreation, clothing and housing, according to the department’s regional commissioner, Janet S. Rankin.
For the 12 months ended Oct. 31, the index for Miami-Fort Lauderdale advanced 4 percent.
Food costs remain unchanged over the two-month pricing period, while energy prices declined 12.7 percent – the largest 12-month decline since April 1986.
If you take out food and energy, the index increased 0.7 percent. In the last 12 months, however, food prices rose 6.7 percent, while energy costs went up 5.4 percent.
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