Miami-Fort Lauderdale, Florida priced at $20 in 1980 $85.85 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($20)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 329.23% higher in 2024 versus 1980 (a $65.85 difference in value).

Between 1980 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.37% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $20 in the year 1980 would cost $85.85 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.08% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1980: Pricing changed by 14.04%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1980-2024 time period. Compared to inflation for all items in 1980 (13.55%), inflation for miami-fort lauderdale, florida was higher.

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
Frankfurters · Airline fares · Dallas-Fort Worth, Texas · Indoor plants and flowers · More

Buying power of $20.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $20 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$20.0014.04%
1981$22.2811.39%
1982$23.907.30%
1983$24.673.23%
1984$25.603.75%
1985$26.322.82%
1986$26.701.46%
1987$27.643.51%
1988$28.874.43%
1989$30.044.07%
1990$31.605.20%
1991$32.723.52%
1992$33.261.65%
1993$34.413.45%
1994$35.493.14%
1995$36.803.70%
1996$37.973.18%
1997$39.203.25%
1998$39.721.30%
1999$40.171.15%
2000$41.503.31%
2001$42.793.11%
2002$43.401.44%
2003$44.662.89%
2004$45.862.68%
2005$48.014.70%
2006$50.404.97%
2007$52.454.07%
2008$54.974.81%
2009$54.75-0.40%
2010$55.190.81%
2011$57.073.40%
2012$58.191.96%
2013$58.911.24%
2014$60.152.11%
2015$60.750.99%
2016$61.801.73%
2017$63.452.67%
2018$65.593.38%
2019$66.741.75%
2020$67.360.92%
2021$70.134.11%
2022$76.779.48%
2023$82.918.00%
2024$85.853.54%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965346.817

Adjust miami-fort lauderdale, florida prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1980 * 1980 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 80.800 in the year 1980 and 346.817 in 2024:

346.817 / 80.800 * $20 = $85.85

Therefore, according to U.S. Bureau of Labor Statistics, $20 in 1980 has the same "purchasing power" as $85.85 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.

» Read more about inflation and investment.