Miami-Fort Lauderdale, Florida priced at $23.85 in 1980 $101.78 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($23.85)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 326.73% higher in 2024 versus 1980 (a $77.93 difference in value).

Between 1980 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.35% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $23.85 in the year 1980 would cost $101.78 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.07% 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
Gasoline (all types) · Educational books and supplies · Fresh fruits · Medical care · More

Buying power of $23.85 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $23.85 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$23.8514.04%
1981$26.5711.39%
1982$28.507.30%
1983$29.423.23%
1984$30.533.75%
1985$31.392.82%
1986$31.841.46%
1987$32.963.51%
1988$34.424.43%
1989$35.824.07%
1990$37.695.20%
1991$39.023.52%
1992$39.661.65%
1993$41.033.45%
1994$42.323.14%
1995$43.883.70%
1996$45.283.18%
1997$46.753.25%
1998$47.361.30%
1999$47.901.15%
2000$49.493.31%
2001$51.033.11%
2002$51.761.44%
2003$53.262.89%
2004$54.692.68%
2005$57.254.70%
2006$60.104.97%
2007$62.554.07%
2008$65.554.81%
2009$65.29-0.40%
2010$65.820.81%
2011$68.063.40%
2012$69.391.96%
2013$70.251.24%
2014$71.732.11%
2015$72.440.99%
2016$73.701.73%
2017$75.662.67%
2018$78.223.38%
2019$79.591.75%
2020$80.320.92%
2021$83.624.11%
2022$91.559.48%
2023$98.878.00%
2024$101.782.94%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965344.800

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 344.800 in 2024:

344.800 / 80.800 * $23.85 = $101.78

Therefore, according to U.S. Bureau of Labor Statistics, $23.85 in 1980 has the same "purchasing power" as $101.78 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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