Miami-Fort Lauderdale, Florida priced at $37 in 1980 $156.98 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($37)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $119.98 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 $37 in the year 1980 would cost $156.98 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
Public transportation · Electricity · Educational books and supplies · Parking fees and tolls · More

Buying power of $37.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $37 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$37.0014.04%
1981$41.2111.39%
1982$44.227.30%
1983$45.653.23%
1984$47.363.75%
1985$48.692.82%
1986$49.401.46%
1987$51.133.51%
1988$53.404.43%
1989$55.584.07%
1990$58.475.20%
1991$60.533.52%
1992$61.531.65%
1993$63.653.45%
1994$65.653.14%
1995$68.083.70%
1996$70.253.18%
1997$72.533.25%
1998$73.471.30%
1999$74.321.15%
2000$76.773.31%
2001$79.163.11%
2002$80.301.44%
2003$82.622.89%
2004$84.842.68%
2005$88.824.70%
2006$93.234.97%
2007$97.034.07%
2008$101.694.81%
2009$101.29-0.40%
2010$102.110.81%
2011$105.583.40%
2012$107.651.96%
2013$108.981.24%
2014$111.282.11%
2015$112.380.99%
2016$114.331.73%
2017$117.382.67%
2018$121.353.38%
2019$123.471.75%
2020$124.610.92%
2021$129.734.11%
2022$142.039.48%
2023$153.398.00%
2024$156.982.34%*

* 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 * $37 = $156.98

Therefore, according to U.S. Bureau of Labor Statistics, $37 in 1980 has the same "purchasing power" as $156.98 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.