Miami-Fort Lauderdale, Florida priced at $8,975 in 1982 $32,046.05 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1982-2024 ($8,975)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 257.06% higher in 2024 versus 1982 (a $23,071.05 difference in value).

Between 1982 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.08% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $8,975 in the year 1982 would cost $32,046.05 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.83% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1982: Pricing changed by 7.30%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1982-2024 time period. Compared to inflation for all items in 1982 (6.13%), 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 $8,975.00 since 1982

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $8,975 beginning in 1982. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1982$8,975.007.30%
1983$9,264.673.23%
1984$9,611.653.75%
1985$9,882.722.82%
1986$10,026.781.46%
1987$10,378.413.51%
1988$10,838.474.43%
1989$11,279.944.07%
1990$11,867.015.20%
1991$12,285.253.52%
1992$12,488.171.65%
1993$12,918.803.45%
1994$13,324.643.14%
1995$13,817.223.70%
1996$14,257.153.18%
1997$14,720.303.25%
1998$14,912.381.30%
1999$15,083.551.15%
2000$15,582.333.31%
2001$16,066.403.11%
2002$16,297.201.44%
2003$16,768.882.89%
2004$17,218.862.68%
2005$18,027.454.70%
2006$18,922.784.97%
2007$19,693.554.07%
2008$20,640.314.81%
2009$20,558.07-0.40%
2010$20,723.960.81%
2011$21,428.963.40%
2012$21,847.951.96%
2013$22,119.631.24%
2014$22,585.732.11%
2015$22,809.210.99%
2016$23,204.601.73%
2017$23,824.172.67%
2018$24,629.133.38%
2019$25,060.631.75%
2020$25,291.610.92%
2021$26,330.644.11%
2022$28,826.849.48%
2023$31,131.958.00%
2024$32,046.052.94%*

* 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 1982 * 1982 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 96.567 in the year 1982 and 344.800 in 2024:

344.800 / 96.567 * $8,975 = $32,046.05

Therefore, according to U.S. Bureau of Labor Statistics, $8,975 in 1982 has the same "purchasing power" as $32,046.05 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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