Miami-Fort Lauderdale, Florida priced at $3,995 in 1980 $16,949.33 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1980-2024 ($3,995)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 324.26% higher in 2024 versus 1980 (a $12,954.33 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 $3,995 in the year 1980 would cost $16,949.33 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
Housing · Women's apparel · Gasoline (all types) · Juices and nonalcoholic drinks · More

Buying power of $3,995.00 since 1980

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $3,995 beginning in 1980. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1980$3,995.0014.04%
1981$4,449.8811.39%
1982$4,774.557.30%
1983$4,928.653.23%
1984$5,113.243.75%
1985$5,257.452.82%
1986$5,334.081.46%
1987$5,521.143.51%
1988$5,765.894.43%
1989$6,000.744.07%
1990$6,313.065.20%
1991$6,535.553.52%
1992$6,643.501.65%
1993$6,872.593.45%
1994$7,088.493.14%
1995$7,350.543.70%
1996$7,584.573.18%
1997$7,830.963.25%
1998$7,933.141.30%
1999$8,024.201.15%
2000$8,289.543.31%
2001$8,547.063.11%
2002$8,669.841.44%
2003$8,920.772.89%
2004$9,160.152.68%
2005$9,590.314.70%
2006$10,066.614.97%
2007$10,476.644.07%
2008$10,980.304.81%
2009$10,936.56-0.40%
2010$11,024.810.81%
2011$11,399.853.40%
2012$11,622.751.96%
2013$11,767.281.24%
2014$12,015.242.11%
2015$12,134.120.99%
2016$12,344.471.73%
2017$12,674.072.67%
2018$13,102.293.38%
2019$13,331.841.75%
2020$13,454.720.92%
2021$14,007.474.11%
2022$15,335.409.48%
2023$16,561.698.00%
2024$16,949.332.34%*

* 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 * $3,995 = $16,949.33

Therefore, according to U.S. Bureau of Labor Statistics, $3,995 in 1980 has the same "purchasing power" as $16,949.33 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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