Miami-Fort Lauderdale, Florida priced at $0.71 in 1980 $3.04 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($0.71)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 328.48% higher in 2024 versus 1980 (a $2.33 difference in value).

Between 1980 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.36% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $0.71 in the year 1980 would cost $3.04 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%).

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Buying power of $0.71 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $0.71 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$0.7114.04%
1981$0.7911.39%
1982$0.857.30%
1983$0.883.23%
1984$0.913.75%
1985$0.932.82%
1986$0.951.46%
1987$0.983.51%
1988$1.024.43%
1989$1.074.07%
1990$1.125.20%
1991$1.163.52%
1992$1.181.65%
1993$1.223.45%
1994$1.263.14%
1995$1.313.70%
1996$1.353.18%
1997$1.393.25%
1998$1.411.30%
1999$1.431.15%
2000$1.473.31%
2001$1.523.11%
2002$1.541.44%
2003$1.592.89%
2004$1.632.68%
2005$1.704.70%
2006$1.794.97%
2007$1.864.07%
2008$1.954.81%
2009$1.94-0.40%
2010$1.960.81%
2011$2.033.40%
2012$2.071.96%
2013$2.091.24%
2014$2.142.11%
2015$2.160.99%
2016$2.191.73%
2017$2.252.67%
2018$2.333.38%
2019$2.371.75%
2020$2.390.92%
2021$2.494.11%
2022$2.739.48%
2023$2.948.00%
2024$3.043.36%*

* 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
CPI62.00064.58370.85080.80090.00096.56799.683103.417106.333107.883111.667116.617121.367127.683132.183134.367139.000143.367148.667153.400158.383160.450162.292167.658172.867175.350180.425185.267193.967203.600211.893222.080221.195222.980230.565235.073237.996243.012245.416249.670256.337264.998269.640272.125283.305310.163334.965346.213

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 346.213 in 2024:

346.213 / 80.800 * $0.71 = $3.04

Therefore, according to U.S. Bureau of Labor Statistics, $0.71 in 1980 has the same "purchasing power" as $3.04 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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