Miami-Fort Lauderdale, Florida priced at $2.83 in 1981 $10.78 in 2024

Miami-fort Lauderdale, Florida Inflation Calculator

$

Prices for Miami-fort Lauderdale, Florida, 1981-2024 ($2.83)

According to the U.S. Bureau of Labor Statistics, prices for miami-fort lauderdale, florida are 280.89% higher in 2024 versus 1981 (a $7.95 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 $2.83 in the year 1981 would cost $10.78 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
Public transportation · San Diego, California · Women's apparel · Chicago, Illinois · More

Buying power of $2.83 since 1981

Below are calculations of equivalent buying power for Miami-Fort Lauderdale, Florida, over time, for $2.83 beginning in 1981. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1981$2.8311.39%
1982$3.047.30%
1983$3.133.23%
1984$3.253.75%
1985$3.342.82%
1986$3.391.46%
1987$3.513.51%
1988$3.674.43%
1989$3.824.07%
1990$4.015.20%
1991$4.163.52%
1992$4.231.65%
1993$4.373.45%
1994$4.513.14%
1995$4.673.70%
1996$4.823.18%
1997$4.983.25%
1998$5.051.30%
1999$5.101.15%
2000$5.273.31%
2001$5.443.11%
2002$5.511.44%
2003$5.672.89%
2004$5.832.68%
2005$6.104.70%
2006$6.404.97%
2007$6.664.07%
2008$6.984.81%
2009$6.96-0.40%
2010$7.010.81%
2011$7.253.40%
2012$7.391.96%
2013$7.481.24%
2014$7.642.11%
2015$7.720.99%
2016$7.851.73%
2017$8.062.67%
2018$8.333.38%
2019$8.481.75%
2020$8.560.92%
2021$8.914.11%
2022$9.759.48%
2023$10.538.00%
2024$10.782.34%*

* 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 * $2.83 = $10.78

Therefore, according to U.S. Bureau of Labor Statistics, $2.83 in 1981 has the same "purchasing power" as $10.78 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.