Miami-Fort Lauderdale, Florida priced at $12.95 in 1980 $54.94 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($12.95)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $41.99 difference in value).

Between 1980 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.34% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $12.95 in the year 1980 would cost $54.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 3.06% 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
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Buying power of $12.95 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $12.95 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$12.9514.04%
1981$14.4211.39%
1982$15.487.30%
1983$15.983.23%
1984$16.573.75%
1985$17.042.82%
1986$17.291.46%
1987$17.903.51%
1988$18.694.43%
1989$19.454.07%
1990$20.465.20%
1991$21.193.52%
1992$21.541.65%
1993$22.283.45%
1994$22.983.14%
1995$23.833.70%
1996$24.593.18%
1997$25.383.25%
1998$25.721.30%
1999$26.011.15%
2000$26.873.31%
2001$27.713.11%
2002$28.101.44%
2003$28.922.89%
2004$29.692.68%
2005$31.094.70%
2006$32.634.97%
2007$33.964.07%
2008$35.594.81%
2009$35.45-0.40%
2010$35.740.81%
2011$36.953.40%
2012$37.681.96%
2013$38.141.24%
2014$38.952.11%
2015$39.330.99%
2016$40.021.73%
2017$41.082.67%
2018$42.473.38%
2019$43.221.75%
2020$43.610.92%
2021$45.414.11%
2022$49.719.48%
2023$53.698.00%
2024$54.942.34%*

* 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 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 342.805 in 2024:

342.805 / 80.800 * $12.95 = $54.94

Therefore, according to U.S. Bureau of Labor Statistics, $12.95 in 1980 has the same "purchasing power" as $54.94 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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