Miami-Fort Lauderdale, Florida priced at $12.61 in 1981 $48.03 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1981-2024 ($12.61)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 280.89% higher in 2024 versus 1981 (a $35.42 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 $12.61 in the year 1981 would cost $48.03 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 $12.61 since 1981

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12.61 beginning in 1981. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1981$12.6111.39%
1982$13.537.30%
1983$13.973.23%
1984$14.493.75%
1985$14.902.82%
1986$15.121.46%
1987$15.653.51%
1988$16.344.43%
1989$17.004.07%
1990$17.895.20%
1991$18.523.52%
1992$18.831.65%
1993$19.483.45%
1994$20.093.14%
1995$20.833.70%
1996$21.493.18%
1997$22.193.25%
1998$22.481.30%
1999$22.741.15%
2000$23.493.31%
2001$24.223.11%
2002$24.571.44%
2003$25.282.89%
2004$25.962.68%
2005$27.184.70%
2006$28.534.97%
2007$29.694.07%
2008$31.124.81%
2009$30.99-0.40%
2010$31.240.81%
2011$32.303.40%
2012$32.941.96%
2013$33.351.24%
2014$34.052.11%
2015$34.390.99%
2016$34.981.73%
2017$35.922.67%
2018$37.133.38%
2019$37.781.75%
2020$38.130.92%
2021$39.694.11%
2022$43.469.48%
2023$46.938.00%
2024$48.032.34%*

* 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 * $12.61 = $48.03

Therefore, according to U.S. Bureau of Labor Statistics, $12.61 in 1981 has the same "purchasing power" as $48.03 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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