According to recent data from the U.S. Bureau of Labor Statistics, in February 2023, the United State not seasonally adjusted Consumer Price Index for all Urban Consumers (CPI-U): New and used motor vehicles for Miami-Fort Lauderdale-West Palm Beach, FL was 131.503; it fell by 1% compared to December 2022.

The US Inflation Rate of New and used motor vehicles for Miami-Fort Lauderdale-West Palm Beach, FL in February 2023 was 10.5%, not seasonally adjusted. The inflation rate represents the percent change of the CPI-U compared to a year ago.

The charts and table below shows the United States not seasonally adjusted historical Consumer Price Index and Inflation Rate for All Urban Consumers: New and used motor vehicles for Miami-Fort Lauderdale-West Palm Beach, FL from December 2017 to February 2023.

The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. The CPI of all urban consumers (CPI-U) reflects the spending patterns of all urban consumers which represents about 93 percent of the total US population. The CPI-U is based on the expenditures of almost all residents of urban or metropolitan areas, including professionals, the self-employed, the poor, the unemployed, and retired people, as well as urban wage earners and clerical workers.