Miami-Fort Lauderdale, Florida priced at $1,000 in 1981 $3,808.94 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

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Prices for Miami-fort Lauderdale, Florida, 1981-2024 ($1,000)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 280.89% higher in 2024 versus 1981 (a $2,808.94 difference in value).

Between 1981 and 2024: Miami-Fort Lauderdale, Florida experienced an average inflation rate of 3.16% per year. This rate of change indicates significant inflation. In other words, miami-fort lauderdale, florida costing $1,000 in the year 1981 would cost $3,808.94 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.90% during this same period, inflation for miami-fort lauderdale, florida was higher.

In the year 1981: Pricing changed by 11.39%, which is significantly above the average yearly change for miami-fort lauderdale, florida during the 1981-2024 time period. Compared to inflation for all items in 1981 (10.33%), 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 $1,000.00 since 1981

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $1,000 beginning in 1981. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1981$1,000.0011.39%
1982$1,072.967.30%
1983$1,107.593.23%
1984$1,149.073.75%
1985$1,181.482.82%
1986$1,198.701.46%
1987$1,240.743.51%
1988$1,295.744.43%
1989$1,348.524.07%
1990$1,418.705.20%
1991$1,468.703.52%
1992$1,492.961.65%
1993$1,544.443.45%
1994$1,592.963.14%
1995$1,651.853.70%
1996$1,704.443.18%
1997$1,759.813.25%
1998$1,782.781.30%
1999$1,803.241.15%
2000$1,862.873.31%
2001$1,920.743.11%
2002$1,948.331.44%
2003$2,004.722.89%
2004$2,058.522.68%
2005$2,155.194.70%
2006$2,262.224.97%
2007$2,354.374.07%
2008$2,467.554.81%
2009$2,457.72-0.40%
2010$2,477.550.81%
2011$2,561.843.40%
2012$2,611.931.96%
2013$2,644.411.24%
2014$2,700.132.11%
2015$2,726.850.99%
2016$2,774.111.73%
2017$2,848.182.67%
2018$2,944.423.38%
2019$2,996.001.75%
2020$3,023.620.92%
2021$3,147.834.11%
2022$3,446.259.48%
2023$3,721.838.00%
2024$3,808.942.34%*

* 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 1981 * 1981 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Miami-Fort Lauderdale, Florida was 90.000 in the year 1981 and 342.805 in 2024:

342.805 / 90.000 * $1,000 = $3,808.94

Therefore, according to U.S. Bureau of Labor Statistics, $1,000 in 1981 has the same "purchasing power" as $3,808.94 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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