Miami-Fort Lauderdale, Florida priced at $300 in 1978 $1,592.38 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1978-2024 ($300)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 430.79% higher in 2024 versus 1978 (a $1,292.38 difference in value).

Between 1978 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.70% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $300 in the year 1978 would cost $1,592.38 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1978: Pricing changed by 4.17%, which is above the average yearly change for miami-fort lauderdale, florida during the 1978-2024 time period. Compared to inflation for all items in 1978 (7.63%), inflation for miami-fort lauderdale, florida was much lower.

Price Inflation for Miami-Fort Lauderdale, Florida since 1977

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 1980 (14.04%), 1981 (11.39%), and 1979 (9.70%).

View price changes for other categories
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Buying power of $300.00 since 1978

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $300 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$300.004.17%
1979$329.119.70%
1980$375.3314.04%
1981$418.0611.39%
1982$448.577.30%
1983$463.053.23%
1984$480.393.75%
1985$493.942.82%
1986$501.141.46%
1987$518.713.51%
1988$541.704.43%
1989$563.774.07%
1990$593.115.20%
1991$614.013.52%
1992$624.151.65%
1993$645.683.45%
1994$665.963.14%
1995$690.583.70%
1996$712.573.18%
1997$735.723.25%
1998$745.321.30%
1999$753.871.15%
2000$778.803.31%
2001$802.993.11%
2002$814.531.44%
2003$838.102.89%
2004$860.592.68%
2005$901.014.70%
2006$945.754.97%
2007$984.284.07%
2008$1,031.604.81%
2009$1,027.49-0.40%
2010$1,035.780.81%
2011$1,071.013.40%
2012$1,091.951.96%
2013$1,105.531.24%
2014$1,128.832.11%
2015$1,140.000.99%
2016$1,159.761.73%
2017$1,190.722.67%
2018$1,230.963.38%
2019$1,252.521.75%
2020$1,264.070.92%
2021$1,316.004.11%
2022$1,440.769.48%
2023$1,555.978.00%
2024$1,592.382.34%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida:

Year197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965342.805

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1978 * 1978 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 64.583 in the year 1978 and 342.805 in 2024:

342.805 / 64.583 * $300 = $1,592.38

Therefore, according to U.S. Bureau of Labor Statistics, $300 in 1978 has the same "purchasing power" as $1,592.38 in 2024 (in the CPI category of Miami-Fort Lauderdale, Florida).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Miami-Fort Lauderdale, Florida in 1977. In addition to miami-fort lauderdale, florida, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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