Miami-Fort Lauderdale, Florida priced at $20 in 1989 $56.49 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1989-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 182.45% higher in 2024 versus 1989 (a $36.49 difference in value).

Between 1989 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.01% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $20 in the year 1989 would cost $56.49 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.65% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1989: Pricing changed by 4.07%, which is above the average yearly change for miami-fort lauderdale, florida during the 1989-2024 time period. Compared to inflation for all items in 1989 (4.83%), 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
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Buying power of $20.00 since 1989

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20 beginning in 1989. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1989$20.004.07%
1990$21.045.20%
1991$21.783.52%
1992$22.141.65%
1993$22.913.45%
1994$23.633.14%
1995$24.503.70%
1996$25.283.18%
1997$26.103.25%
1998$26.441.30%
1999$26.741.15%
2000$27.633.31%
2001$28.493.11%
2002$28.901.44%
2003$29.732.89%
2004$30.532.68%
2005$31.964.70%
2006$33.554.97%
2007$34.924.07%
2008$36.604.81%
2009$36.45-0.40%
2010$36.740.81%
2011$37.993.40%
2012$38.741.96%
2013$39.221.24%
2014$40.052.11%
2015$40.440.99%
2016$41.141.73%
2017$42.242.67%
2018$43.673.38%
2019$44.431.75%
2020$44.840.92%
2021$46.694.11%
2022$51.119.48%
2023$55.208.00%
2024$56.492.34%*

* 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 1989 * 1989 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 121.367 in the year 1989 and 342.805 in 2024:

342.805 / 121.367 * $20 = $56.49

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1989 has the same "purchasing power" as $56.49 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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