Miami-Fort Lauderdale, Florida priced at $1,431,000 in 1978 $7,595,674.14 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1978-2024 ($1,431,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 430.79% higher in 2024 versus 1978 (a $6,164,674.14 difference in value).

Between 1978 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.70% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,431,000 in the year 1978 would cost $7,595,674.14 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.44% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1978: Pricing changed by 4.17%, which is above the average yearly change for miami-fort lauderdale, florida during the 1978-2024 time period. Compared to inflation for all items in 1978 (7.63%), inflation for miami-fort lauderdale, florida was much 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 $1,431,000.00 since 1978

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,431,000 beginning in 1978. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1978$1,431,000.004.17%
1979$1,569,853.169.70%
1980$1,790,319.4814.04%
1981$1,994,167.7411.39%
1982$2,139,668.137.30%
1983$2,208,725.423.23%
1984$2,291,446.453.75%
1985$2,356,072.262.82%
1986$2,390,416.261.46%
1987$2,474,245.163.51%
1988$2,583,924.394.43%
1989$2,689,172.134.07%
1990$2,829,133.165.20%
1991$2,928,841.553.52%
1992$2,977,218.581.65%
1993$3,079,881.293.45%
1994$3,176,635.353.14%
1995$3,294,069.683.70%
1996$3,398,948.133.18%
1997$3,509,365.943.25%
1998$3,555,157.941.30%
1999$3,595,964.521.15%
2000$3,714,876.003.31%
2001$3,830,279.233.11%
2002$3,885,303.481.44%
2003$3,997,752.392.89%
2004$4,105,031.232.68%
2005$4,297,800.774.70%
2006$4,511,250.584.97%
2007$4,695,003.914.07%
2008$4,920,714.154.81%
2009$4,901,108.53-0.40%
2010$4,940,657.670.81%
2011$5,108,730.933.40%
2012$5,208,620.271.96%
2013$5,273,388.261.24%
2014$5,384,509.562.11%
2015$5,437,787.070.99%
2016$5,532,050.281.73%
2017$5,679,757.172.67%
2018$5,871,662.583.38%
2019$5,974,532.091.75%
2020$6,029,598.820.92%
2021$6,277,307.694.11%
2022$6,872,407.979.48%
2023$7,421,954.438.00%
2024$7,595,674.142.34%*

* 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 1978 * 1978 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 64.583 in the year 1978 and 342.805 in 2024:

342.805 / 64.583 * $1,431,000 = $7,595,674.14

Therefore, according to U.S. Bureau of Labor Statistics, $1,431,000 in 1978 has the same "purchasing power" as $7,595,674.14 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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