Miami-Fort Lauderdale, Florida priced at $2.83 in 1980 $12.01 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($2.83)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $9.18 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 $2.83 in the year 1980 would cost $12.01 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 $2.83 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $2.83 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$2.8314.04%
1981$3.1511.39%
1982$3.387.30%
1983$3.493.23%
1984$3.623.75%
1985$3.722.82%
1986$3.781.46%
1987$3.913.51%
1988$4.084.43%
1989$4.254.07%
1990$4.475.20%
1991$4.633.52%
1992$4.711.65%
1993$4.873.45%
1994$5.023.14%
1995$5.213.70%
1996$5.373.18%
1997$5.553.25%
1998$5.621.30%
1999$5.681.15%
2000$5.873.31%
2001$6.053.11%
2002$6.141.44%
2003$6.322.89%
2004$6.492.68%
2005$6.794.70%
2006$7.134.97%
2007$7.424.07%
2008$7.784.81%
2009$7.75-0.40%
2010$7.810.81%
2011$8.083.40%
2012$8.231.96%
2013$8.341.24%
2014$8.512.11%
2015$8.600.99%
2016$8.741.73%
2017$8.982.67%
2018$9.283.38%
2019$9.441.75%
2020$9.530.92%
2021$9.924.11%
2022$10.869.48%
2023$11.738.00%
2024$12.012.34%*

* 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 * $2.83 = $12.01

Therefore, according to U.S. Bureau of Labor Statistics, $2.83 in 1980 has the same "purchasing power" as $12.01 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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