Miami-Fort Lauderdale, Florida priced at $1 in 1981 $3.81 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1981-2024 ($1)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 280.89% higher in 2024 versus 1981 (a $2.81 difference in value).

Between 1981 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.16% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1 in the year 1981 would cost $3.81 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1981: Pricing changed by 11.39%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1981-2024 time period. Compared to inflation for all items in 1981 (10.33%), 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 $1.00 since 1981

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1 beginning in 1981. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1981$1.0011.39%
1982$1.077.30%
1983$1.113.23%
1984$1.153.75%
1985$1.182.82%
1986$1.201.46%
1987$1.243.51%
1988$1.304.43%
1989$1.354.07%
1990$1.425.20%
1991$1.473.52%
1992$1.491.65%
1993$1.543.45%
1994$1.593.14%
1995$1.653.70%
1996$1.703.18%
1997$1.763.25%
1998$1.781.30%
1999$1.801.15%
2000$1.863.31%
2001$1.923.11%
2002$1.951.44%
2003$2.002.89%
2004$2.062.68%
2005$2.164.70%
2006$2.264.97%
2007$2.354.07%
2008$2.474.81%
2009$2.46-0.40%
2010$2.480.81%
2011$2.563.40%
2012$2.611.96%
2013$2.641.24%
2014$2.702.11%
2015$2.730.99%
2016$2.771.73%
2017$2.852.67%
2018$2.943.38%
2019$3.001.75%
2020$3.020.92%
2021$3.154.11%
2022$3.459.48%
2023$3.728.00%
2024$3.812.34%*

* 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 1981 * 1981 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 90.000 in the year 1981 and 342.805 in 2024:

342.805 / 90.000 * $1 = $3.81

Therefore, according to U.S. Bureau of Labor Statistics, $1 in 1981 has the same "purchasing power" as $3.81 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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