Miami-Fort Lauderdale, Florida priced at $1,345 in 1980 $5,706.35 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($1,345)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $4,361.35 difference in value).

Between 1980 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.34% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,345 in the year 1980 would cost $5,706.35 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.05% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1980: Pricing changed by 14.04%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation for miami-fort lauderdale, florida was higher.

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 $1,345.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,345 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$1,345.0014.04%
1981$1,498.1411.39%
1982$1,607.457.30%
1983$1,659.333.23%
1984$1,721.483.75%
1985$1,770.032.82%
1986$1,795.831.46%
1987$1,858.813.51%
1988$1,941.214.43%
1989$2,020.274.07%
1990$2,125.425.20%
1991$2,200.333.52%
1992$2,236.671.65%
1993$2,313.803.45%
1994$2,386.493.14%
1995$2,474.713.70%
1996$2,553.503.18%
1997$2,636.463.25%
1998$2,670.861.30%
1999$2,701.511.15%
2000$2,790.853.31%
2001$2,877.553.11%
2002$2,918.881.44%
2003$3,003.362.89%
2004$3,083.962.68%
2005$3,228.784.70%
2006$3,389.134.97%
2007$3,527.184.07%
2008$3,696.754.81%
2009$3,682.02-0.40%
2010$3,711.730.81%
2011$3,838.003.40%
2012$3,913.041.96%
2013$3,961.701.24%
2014$4,045.182.11%
2015$4,085.210.99%
2016$4,156.021.73%
2017$4,266.992.67%
2018$4,411.163.38%
2019$4,488.441.75%
2020$4,529.810.92%
2021$4,715.914.11%
2022$5,162.989.48%
2023$5,575.848.00%
2024$5,706.352.34%*

* 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 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 80.800 in the year 1980 and 342.805 in 2024:

342.805 / 80.800 * $1,345 = $5,706.35

Therefore, according to U.S. Bureau of Labor Statistics, $1,345 in 1980 has the same "purchasing power" as $5,706.35 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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