Miami-Fort Lauderdale, Florida priced at $21.72 in 2013 $24.16 in 2018

Historical Price Inflation for Miami-Fort Lauderdale, Florida

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Prices for Miami-fort Lauderdale, Florida, 2013-2018 ($21.72)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida were 11.22% higher in 2018 versus 2013 (a $2.44 difference in value).

Between 2013 and 2018: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 2.15% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $21.72 in the year 2013 would cost $24.16 in 2018 for an equivalent purchase. Compared to the overall inflation rate of 1.51% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 2013: Pricing changed by 1.24%, which is below the average yearly change for miami-fort lauderdale, florida during the 2013-2018 time period. Compared to inflation for all items in 2013 (1.46%), 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%).

Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Miami-Fort Lauderdale, Florida:

Year 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
CPI 62.000 64.583 70.850 80.800 90.000 96.567 99.683 103.417 106.333 107.883 111.667 116.617 121.367 127.683 132.183 134.367 139.000 143.367 148.667 153.400 158.383 160.450 162.292 167.658 172.867 175.350 180.425 185.267 193.967 203.600 211.893 222.080 221.195 222.980 230.565 235.073 237.997 243.012 245.416 249.670 256.337 264.696

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Buying power of $21.72 since 2013

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $21.72 beginning in 2013. Each of the amounts below is equivalent in terms of what it could buy at the time:

Year USD Value Inflation Rate
2013 $21.72 1.24%
2014 $22.18 2.11%
2015 $22.40 0.99%
2016 $22.79 1.73%
2017 $23.39 2.67%
2018 $24.16 3.26%*
* Not final. See inflation summary for latest details.

How to calculate the inflation rate for miami-fort lauderdale, florida, 2013-2018

Start with the inflation rate formula:

CPI in 2018 / CPI in 2013 * 2013 USD value = 2018 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 237.997 in the year 2013 and 264.696 in 2018:

264.696 / 237.997 * $21.72 = $24.16

Therefore, according to U.S. Bureau of Labor Statistics, $21.72 in 2013 has the same "purchasing power" as $24.16 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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