Miami-Fort Lauderdale, Florida priced at $16,000,000,000 in 1992 $41,057,802,034.23 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1992-2024 ($16,000,000,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 156.61% higher in 2024 versus 1992 (a $25,057,802,034.23 difference in value).

Between 1992 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.99% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $16,000,000,000 in the year 1992 would cost $41,057,802,034.23 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.52% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1992: Pricing changed by 1.65%, which is below the average yearly change for miami-fort lauderdale, florida during the 1992-2024 time period. Compared to inflation for all items in 1992 (3.03%), 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 $16,000,000,000.00 since 1992

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $16,000,000,000 beginning in 1992. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1992$16,000,000,000.001.65%
1993$16,551,724,137.933.45%
1994$17,071,694,368.643.14%
1995$17,702,803,274.623.70%
1996$18,266,435,127.763.18%
1997$18,859,836,268.923.25%
1998$19,105,929,049.861.30%
1999$19,325,229,471.601.15%
2000$19,964,276,854.383.31%
2001$20,584,470,354.753.11%
2002$20,880,178,615.731.44%
2003$21,484,495,162.492.89%
2004$22,061,027,040.442.68%
2005$23,096,998,263.464.70%
2006$24,244,108,161.754.97%
2007$25,231,624,906.974.07%
2008$26,444,624,162.744.81%
2009$26,339,260,729.35-0.40%
2010$26,551,803,522.700.81%
2011$27,455,053,336.643.40%
2012$27,991,872,984.371.96%
2013$28,339,945,422.971.24%
2014$28,937,127,263.712.11%
2015$29,223,448,275.860.99%
2016$29,730,032,250.061.73%
2017$30,523,830,315.062.67%
2018$31,555,157,529.153.38%
2019$32,107,993,053.831.75%
2020$32,403,929,546.020.92%
2021$33,735,152,567.604.11%
2022$36,933,306,871.749.48%
2023$39,886,648,474.328.00%
2024$41,057,802,034.232.94%*

* 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 1992 * 1992 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 134.367 in the year 1992 and 344.800 in 2024:

344.800 / 134.367 * $16,000,000,000 = $41,057,802,034.23

Therefore, according to U.S. Bureau of Labor Statistics, $16,000,000,000 in 1992 has the same "purchasing power" as $41,057,802,034.23 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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