Miami-Fort Lauderdale, Florida priced at $10 in 1984 $33.15 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1984-2024 ($10)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 231.48% higher in 2024 versus 1984 (a $23.15 difference in value).

Between 1984 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.04% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $10 in the year 1984 would cost $33.15 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.77% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1984: Pricing changed by 3.75%, which is above the average yearly change for miami-fort lauderdale, florida during the 1984-2024 time period. Compared to inflation for all items in 1984 (4.30%), inflation for miami-fort lauderdale, florida was lower.

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
Detroit, Michigan · Tampa, Florida · Dental services · Hospital services · More

Buying power of $10.00 since 1984

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $10 beginning in 1984. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1984$10.003.75%
1985$10.282.82%
1986$10.431.46%
1987$10.803.51%
1988$11.284.43%
1989$11.744.07%
1990$12.355.20%
1991$12.783.52%
1992$12.991.65%
1993$13.443.45%
1994$13.863.14%
1995$14.383.70%
1996$14.833.18%
1997$15.323.25%
1998$15.511.30%
1999$15.691.15%
2000$16.213.31%
2001$16.723.11%
2002$16.961.44%
2003$17.452.89%
2004$17.912.68%
2005$18.764.70%
2006$19.694.97%
2007$20.494.07%
2008$21.474.81%
2009$21.39-0.40%
2010$21.560.81%
2011$22.293.40%
2012$22.731.96%
2013$23.011.24%
2014$23.502.11%
2015$23.730.99%
2016$24.141.73%
2017$24.792.67%
2018$25.623.38%
2019$26.071.75%
2020$26.310.92%
2021$27.394.11%
2022$29.999.48%
2023$32.398.00%
2024$33.152.34%*

* 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 1984 * 1984 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 103.417 in the year 1984 and 342.805 in 2024:

342.805 / 103.417 * $10 = $33.15

Therefore, according to U.S. Bureau of Labor Statistics, $10 in 1984 has the same "purchasing power" as $33.15 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.