Miami-Fort Lauderdale, Florida priced at $60 in 1985 $194.56 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1985-2024 ($60)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 224.26% higher in 2024 versus 1985 (a $134.56 difference in value).

Between 1985 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 $60 in the year 1985 would cost $194.56 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.76% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1985: Pricing changed by 2.82%, which is below the average yearly change for miami-fort lauderdale, florida during the 1985-2024 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 $60.00 since 1985

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $60 beginning in 1985. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1985$60.002.82%
1986$60.871.46%
1987$63.013.51%
1988$65.804.43%
1989$68.484.07%
1990$72.055.20%
1991$74.593.52%
1992$75.821.65%
1993$78.433.45%
1994$80.903.14%
1995$83.893.70%
1996$86.563.18%
1997$89.373.25%
1998$90.541.30%
1999$91.581.15%
2000$94.603.31%
2001$97.543.11%
2002$98.941.44%
2003$101.812.89%
2004$104.542.68%
2005$109.454.70%
2006$114.884.97%
2007$119.564.07%
2008$125.314.81%
2009$124.81-0.40%
2010$125.820.81%
2011$130.103.40%
2012$132.641.96%
2013$134.291.24%
2014$137.122.11%
2015$138.480.99%
2016$140.881.73%
2017$144.642.67%
2018$149.533.38%
2019$152.151.75%
2020$153.550.92%
2021$159.864.11%
2022$175.019.48%
2023$189.018.00%
2024$194.562.94%*

* 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 1985 * 1985 USD value = 2024 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 344.800 in 2024:

344.800 / 106.333 * $60 = $194.56

Therefore, according to U.S. Bureau of Labor Statistics, $60 in 1985 has the same "purchasing power" as $194.56 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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