Miami-Fort Lauderdale, Florida priced at $15.29 in 1980 $64.87 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($15.29)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $49.58 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 $15.29 in the year 1980 would cost $64.87 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%).

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Buying power of $15.29 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $15.29 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$15.2914.04%
1981$17.0311.39%
1982$18.277.30%
1983$18.863.23%
1984$19.573.75%
1985$20.122.82%
1986$20.421.46%
1987$21.133.51%
1988$22.074.43%
1989$22.974.07%
1990$24.165.20%
1991$25.013.52%
1992$25.431.65%
1993$26.303.45%
1994$27.133.14%
1995$28.133.70%
1996$29.033.18%
1997$29.973.25%
1998$30.361.30%
1999$30.711.15%
2000$31.733.31%
2001$32.713.11%
2002$33.181.44%
2003$34.142.89%
2004$35.062.68%
2005$36.704.70%
2006$38.534.97%
2007$40.104.07%
2008$42.024.81%
2009$41.86-0.40%
2010$42.200.81%
2011$43.633.40%
2012$44.481.96%
2013$45.041.24%
2014$45.992.11%
2015$46.440.99%
2016$47.251.73%
2017$48.512.67%
2018$50.153.38%
2019$51.021.75%
2020$51.500.92%
2021$53.614.11%
2022$58.699.48%
2023$63.398.00%
2024$64.872.34%*

* 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 * $15.29 = $64.87

Therefore, according to U.S. Bureau of Labor Statistics, $15.29 in 1980 has the same "purchasing power" as $64.87 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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