Miami-Fort Lauderdale, Florida priced at $14.48 in 1979 $70.06 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1979-2024 ($14.48)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 383.85% higher in 2024 versus 1979 (a $55.58 difference in value).

Between 1979 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.57% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $14.48 in the year 1979 would cost $70.06 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.28% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1979: Pricing changed by 9.70%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1979-2024 time period. Compared to inflation for all items in 1979 (11.26%), 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 $14.48 since 1979

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $14.48 beginning in 1979. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1979$14.489.70%
1980$16.5114.04%
1981$18.3911.39%
1982$19.747.30%
1983$20.373.23%
1984$21.143.75%
1985$21.732.82%
1986$22.051.46%
1987$22.823.51%
1988$23.834.43%
1989$24.804.07%
1990$26.105.20%
1991$27.023.52%
1992$27.461.65%
1993$28.413.45%
1994$29.303.14%
1995$30.383.70%
1996$31.353.18%
1997$32.373.25%
1998$32.791.30%
1999$33.171.15%
2000$34.273.31%
2001$35.333.11%
2002$35.841.44%
2003$36.872.89%
2004$37.862.68%
2005$39.644.70%
2006$41.614.97%
2007$43.314.07%
2008$45.394.81%
2009$45.21-0.40%
2010$45.570.81%
2011$47.123.40%
2012$48.041.96%
2013$48.641.24%
2014$49.672.11%
2015$50.160.99%
2016$51.031.73%
2017$52.392.67%
2018$54.163.38%
2019$55.111.75%
2020$55.620.92%
2021$57.904.11%
2022$63.399.48%
2023$68.468.00%
2024$70.062.34%*

* 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 1979 * 1979 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 70.850 in the year 1979 and 342.805 in 2024:

342.805 / 70.850 * $14.48 = $70.06

Therefore, according to U.S. Bureau of Labor Statistics, $14.48 in 1979 has the same "purchasing power" as $70.06 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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