Miami-Fort Lauderdale, Florida priced at $24.95 in 1983 $85.80 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1983-2024 ($24.95)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 243.89% higher in 2024 versus 1983 (a $60.85 difference in value).

Between 1983 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.06% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $24.95 in the year 1983 would cost $85.80 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.80% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1983: Pricing changed by 3.23%, which is above the average yearly change for miami-fort lauderdale, florida during the 1983-2024 time period. Compared to inflation for all items in 1983 (3.21%), 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
Educational books and supplies · Public transportation · New cars · Milk · More

Buying power of $24.95 since 1983

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $24.95 beginning in 1983. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1983$24.953.23%
1984$25.883.75%
1985$26.612.82%
1986$27.001.46%
1987$27.953.51%
1988$29.194.43%
1989$30.384.07%
1990$31.965.20%
1991$33.083.52%
1992$33.631.65%
1993$34.793.45%
1994$35.883.14%
1995$37.213.70%
1996$38.393.18%
1997$39.643.25%
1998$40.161.30%
1999$40.621.15%
2000$41.963.31%
2001$43.273.11%
2002$43.891.44%
2003$45.162.89%
2004$46.372.68%
2005$48.554.70%
2006$50.964.97%
2007$53.044.07%
2008$55.584.81%
2009$55.36-0.40%
2010$55.810.81%
2011$57.713.40%
2012$58.841.96%
2013$59.571.24%
2014$60.822.11%
2015$61.430.99%
2016$62.491.73%
2017$64.162.67%
2018$66.333.38%
2019$67.491.75%
2020$68.110.92%
2021$70.914.11%
2022$77.639.48%
2023$83.848.00%
2024$85.802.34%*

* 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 1983 * 1983 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 99.683 in the year 1983 and 342.805 in 2024:

342.805 / 99.683 * $24.95 = $85.80

Therefore, according to U.S. Bureau of Labor Statistics, $24.95 in 1983 has the same "purchasing power" as $85.80 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.

» Read more about inflation and investment.