Miami-Fort Lauderdale, Florida priced at $500 in 1985 $1,246.07 in 2018

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2018 ($500)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida were 149.21% higher in 2018 versus 1985 (a $746.07 difference in value).

Between 1985 and 2018: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.81% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $500 in the year 1985 would cost $1,246.07 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 2.60% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1985: Pricing changed by 2.82%, which is above the average yearly change for miami-fort lauderdale, florida during the 1985-2018 time period. Compared to inflation for all items in 1985 (3.55%), 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%).

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Buying power of $500.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $500 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$500.002.82%
1986$507.291.46%
1987$525.083.51%
1988$548.354.43%
1989$570.694.07%
1990$600.395.20%
1991$621.553.52%
1992$631.821.65%
1993$653.613.45%
1994$674.143.14%
1995$699.063.70%
1996$721.323.18%
1997$744.753.25%
1998$754.471.30%
1999$763.131.15%
2000$788.363.31%
2001$812.853.11%
2002$824.531.44%
2003$848.392.89%
2004$871.162.68%
2005$912.074.70%
2006$957.374.97%
2007$996.364.07%
2008$1,044.264.81%
2009$1,040.10-0.40%
2010$1,048.490.81%
2011$1,084.163.40%
2012$1,105.361.96%
2013$1,119.111.24%
2014$1,142.692.11%
2015$1,153.990.99%
2016$1,174.001.73%
2017$1,205.342.67%
2018$1,246.073.38%
2019$1,267.901.75%
2020$1,279.590.92%
2021$1,332.164.11%
2022$1,458.459.48%
2023$1,575.078.00%
2024$1,611.942.34%*

* 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 2018 / CPI in 1985 * 1985 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 106.333 in the year 1985 and 264.998 in 2018:

264.998 / 106.333 * $500 = $1,246.07

Therefore, according to U.S. Bureau of Labor Statistics, $500 in 1985 has the same "purchasing power" as $1,246.07 in 2018 (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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